Think or Swim is great but their commissions on (micro) futures are horrible

[nooby_mcnoob]

I think elitetrader sponsor AMP futures has round turn micros for $0.84/contract. Not per side. Round turn. That is with CQG data.

I am with Ninjatrader. But more expensive. Over $1.00 roundturn I think. And Ninjatrader platform is $225/quarter if you want auto stop loss and profit target. I didn't know this when doing demo. I will probably open an account with AMP. Free Multicharts. With free bracket orders.

Why not enable braket orders with platform? Very disappointed in Ninjatrader on this.

Nice! I thought one of the problems with discount brokers is their accounts are not insured. Not that it matters, if you ever get to that point even getting the insured amount back will never happen.

 

[Sweet Bobby]

why would you trade e micro and not spy for free?

unless its a pdt thing.

For span margin on the micros.

 

[SunTrader]

why would you trade e micro and not spy for free?

unless its a pdt thing.

"Free" lol.

 

[Girija]

$2.25 a side plus fees.

Including micros.

You should be able to negotiate if you have decent trade volume. Talk to the trade support desk.

 

[Girija]

why would you trade e micro and not spy for free?

unless its a pdt thing.

Leverage. Spy ties up more money.

 

[maxinger]

You should be able to negotiate if you have decent trade volume. Talk to the trade support desk.

have you been successful in negotiating the commission through the support desk?

 

[Girija]

have you been successful in negotiating the commission through the support desk?

Yes but I don't want to say how much I pay let's just say fairly little. I used to have 10k on just futures commies and I approached twice to get what I wanted.

 

[maxinger]

Yes but I don't want to say how much I pay let's just say fairly little. I used to have 10k on just futures commies and I approached twice to get what I wanted.

ok.
most of us would be too shy to ask for a reduction in the commission.

 

[marc82much]

Commissions on micros are generally terrible everywhere. The best I can see advertised from a discount broker is ~$1/side. I think IBKR gives about $1.10/side.

The primary reason for this is they know it's mostly poor people trading micros and you must fuck the poor people as much as you can.

As Alfie Solomons said "Big fucks small.....always"

 

[SunTrader]

As Alfie Solomons said "Big fucks small.....always"

So that's who RunDMC bought their hats from.