What are total costs for trading micro s&p futures for USA non-resident?

rubberduck

rubberduck

I'm from Brazil and new to futures trading in USA despite having some experience in my country.
I would like to know all the costs that incur when I trade futures with Interactive Brokers but I have a few doubts before I could open an account. I you would please
resolve them I'd be grateful.

Are there inactivity fees in IB?

Could you relate all the monthly fixed costs to operate futures there?

Is there any fee to fund the account through wire transfer?

Is there a closing account fee?

As the result of success on trading I woul like to withdraw part of the profit periodically. How much is the withdrawal fee?

Do I have to pay for data service to obtain real time quotes to trade CME micro futures and mini futures?

What's the minimum deposit necessary to day trade micro s&p futures?

Could you give me an example of the all costs necessary to trade ONE MICRO s&p contract (commision, clearing, routing, exchange, NFA) so I could estimate the cost of trading PER CONTRACT?

If have forgotten to mention any other fee or if there's another aspect to consider please let me know.

Thank you!
 
This is probably cheaper than IB:

https://www.ampfutures.com/news/cme...uities-micro-metals-effective-february-1-2021

AMP FLAT Pricing offer using any of our FREE Trading Platforms, such as MetaTrader 5, Sierra Chart, MultiCharts, TradingView, Jigsaw....

Exchange Fee $0.25
CQG Order Routing Fee $0.10
NFA $0.02
AMP Clearing Fee $0.05

Total per Side $0.42 (per contract)

AMP Account Minimum to get started is only $100.

Day Trade Margins: https://www.ampfutures.com/trading-info/margins/

  • Micro E-mini S&P 500 : MES = $40.00
  • Micro E-mini Nasdaq-100: MNQ = $100.00
  • Micro E-mini Dow: MYM = $50.00
  • Micro E-mini Russell 2000: M2K = $50.00

Wiring fee depends on your bank. Probably 15-20 dollars.
 
rubberduck said:
I'm from Brazil and new to futures trading in USA despite having some experience in my country.
I would like to know all the costs that incur when I trade futures with Interactive Brokers but I have a few doubts before I could open an account. I you would please
resolve them I'd be grateful.
.......

Thank you!
More...

Why not ask IB all this directly?
 
:D that's it, the movie. Well, here in B3 I usually use 1 and 5 minutes. B3 is our Stock Exchange in Brazil. Our Micro E-Mini S&P is the most close to our mini index future.
 
Last edited:
rubberduck said:
:D that's it, the movie. Well, here in B3 I usually use 1 and 5 minutes. B3 is our Stock Exchange in Brazil. Our Micro E-Mini S&P is the most close to our mini index future.
More...
https://www.cmegroup.com/market-data/delayed-quotes/equities.html

https://www.cmegroup.com/markets/equities/sp/micro-e-mini-sandp-500.html

deleteme.jpg
 
rubberduck said:
Is there any fee to fund the account through wire transfer?
More...
IB does not charge, but your bank might.
rubberduck said:
As the result of success on trading I would like to withdraw part of the profit periodically. How much is the withdrawal fee?
More...
If you google this question you'll get a nice answer from IB. To make it simple for you: each month IB allows you to make a withdrawal without charging a fee. From the second withdrawal on they charge USD10 per withdrawal.
rubberduck said:
Do I have to pay for data service to obtain real time quotes to trade CME micro futures and mini futures?
More...
Yes. Again: these data subscription fees are listed on IB's website. If you are a non-professional it will cost you about USD10 per month.
rubberduck said:
Could you give me an example of the all costs necessary to trade ONE MICRO s&p contract (commision, clearing, routing, exchange, NFA) so I could estimate the cost of trading PER CONTRACT?
More...
The answer to this question is also listed on IB's website. They don't give the separate amounts, but give you the total commission for buying or selling one contract. This time I let you use google yourself to find the answer.
 
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