ah they lowered it, cool.
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lukas
From memory - active membership: $149 monthly (or $99 with upfront payment for a year). Then there is a clearing fee of $0.09, exchange and NFA fees. That's it. Hard to beat that but the platform choice, or lack thereof, is terrible.
https://www.tradovate.com/pricing/
Be sure to run the math based on your monthly volume.
Exchange fees, NFA fees, clearing fees, etc, are not commission, and are not included in monthly membership.
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From the site. you need to add $2.30 to each trade. Still a good deal. Let's say you do 500 cts a month round trip.
At other places your gonna pay about $300 in commissions. Maybe less. If AMp is $.15 then that's $150 commission.
Of course the exchange fee is what's killing us
I'd love to hear from anyone who's tried tradvovate. What's their customer service like. Can you get a person on the phone
HOW COMMISSION-FREE PRICING WORKS
Instead of charging a commission for every contract you trade, we charge a flat price for membership, starting at $59 per month. Trade as much as you want and never pay a per-trade commission.
At other places your gonna pay about $300 in commissions. Maybe less. If AMp is $.15 then that's $150 commission.
Of course the exchange fee is what's killing us
I'd love to hear from anyone who's tried tradvovate. What's their customer service like. Can you get a person on the phone
HOW COMMISSION-FREE PRICING WORKS
Instead of charging a commission for every contract you trade, we charge a flat price for membership, starting at $59 per month. Trade as much as you want and never pay a per-trade commission.
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@lukas By the way, AMP has this price-matching thing. I have never used it, but it is worth a try.
Get the best quote you can from the brokers that you look into. Once you have your best quote, fill out the page here...
http://www.ampclearing.com/commissions.html
I would be curious to know if they really do beat the best quotes others give.
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lukas
Why add $2.30?
Because Exchange an NfA fees are approximately $1.15 per side totaling $2.30. I might be off a little bit.
quotes that you see advertised are only for the brokers commission. Nobody can do anything to discount the exchange and NFA fees.
So your typical round-trip on a futures trade is going to be about $2.90 to approximately $3.20
Looked at a statement on my end. Exchange = $1.50, NFA = $.01, Clearing = $.50
So $2.01 per side per contract on the non-negotiable fees. Commish would be extra. Your mileage may vary.
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lukas
Well, I know about the exchange fees - I thought you meant extra broker's commision
TF4Less is IB to Dorman. You may as well go directly with (in house) Dorman. Don't know if they offer TT, they do Rithmic (among others).