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thoughts on commissions in futures
- Thread starter coolweb
- Start date
example Flash futures offers $1.9 per side
with CQG Trader
commission $0.50
platform $0.25
exchange,clearing ,nfa 1.16
-----------------------------------------
$1.90
I don't want to name other brokerages, because their
pricing structure in negotiable, and they like to charge
higher when they can.
It's your job to negotiate this, and i guarantee that this
is what current rate with 90% out there.
Plus good service, somthing IB can't offer
with CQG Trader
commission $0.50
platform $0.25
exchange,clearing ,nfa 1.16
-----------------------------------------
$1.90
I don't want to name other brokerages, because their
pricing structure in negotiable, and they like to charge
higher when they can.
It's your job to negotiate this, and i guarantee that this
is what current rate with 90% out there.
Plus good service, somthing IB can't offer
Transact future who sponsor here, also offers $1.70
if you do 300 something roundturn a month (with 2
contracts it's easy 150 somthing roundturns a month)
if you do 300 something roundturn a month (with 2
contracts it's easy 150 somthing roundturns a month)
Quote from Nana Trader:
example Flash futures offers $1.9 per side
with CQG Trader
commission $0.50
platform $0.25
exchange,clearing ,nfa 1.16
-----------------------------------------
$1.90
Thanks for the reply, does the above quote require additional monthly fee? Flash future is an IB of Alaron, which doesn't offer Eurex for CQG. Among major FCMs, only Refco offers it.
Quote from Nana Trader:
I think you are paying very high commision, No one
should accept more $1 roundturn broker commision.
I don't understand why poeple think IB is very cheap.
The prices I listed were for commodity futures, including pit-traded futures less the CQG fee. They are not the prices I pay to trade index futures, and they are not from IB. I really only listed them to show that the .50 per-roundturn is only the CQG fee and it's charged on top of your broker commissions.
I need to correct my previous statement, FCM does have commission on top of CQG fees.