what's up with e-minis

B

birddog

Quick questions:

1. where is the cheapest place to trade these
2. what are the commissions for a roundtrip
3. what are the margin requirements (cash req) to open an active account

Any answers appreciated
 
Cheapest I have found is IB brokers.

The cost is $4.80 round trip.

You may want to either look around for other brokers or open up a seperate account in case IB goes down. If you are trading and IB goes down, you will not be able to get a hold of anyone fast enough for futures trading. The only way around this is to open up a seperate account elsewhere and, in those rare emergency cases, open a position opposite of your IB position and "lock the market." This won't always work if the market moves hard against you, but it is the only method I know to freeze serious losses from occuring.

Oh, and you are looking at a minimum of $2,500 to trade one contract and another few thousand for cushion. I am in your shoes since I will be trading ES very shortly and starting a journal.

aphie
 
Originally posted by birddog
Quick questions:

1. where is the cheapest place to trade these
2. what are the commissions for a roundtrip
3. what are the margin requirements (cash req) to open an active account

Any answers appreciated
More...


FFastTrade is $3.32 a round turn. You also have a monthly fee of $550, but it is quickly amortized over the month if you trade multiple lots with multiple turns. Blows away IB.
 
Originally posted by aphexcoil
Cheapest I have found is IB brokers.

The cost is $4.80 round trip.

You may want to either look around for other brokers or open up a seperate account in case IB goes down. If you are trading and IB goes down, you will not be able to get a hold of anyone fast enough for futures trading. The only way around this is to open up a seperate account elsewhere and, in those rare emergency cases, open a position opposite of your IB position and "lock the market." This won't always work if the market moves hard against you, but it is the only method I know to freeze serious losses from occuring.

Oh, and you are looking at a minimum of $2,500 to trade one contract and another few thousand for cushion. I am in your shoes since I will be trading ES very shortly and starting a journal.

aphie
More...


Most places it is less than $2,000 for margin. Different requirements for minimum maintenance account balance.
 
Thanks for the intro info on e-minis... which brokers offer e-minis?

Do all online brokers allow you to trade them? And which ones are better.
 
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