RT and clearing fees, confused and unsure now | Reviews of Brokers and Data Feeds


futures.io - futures trading strategies, market news, trading charts and platforms


Reviews of Brokers and Data Feeds


Review and discuss futures brokers, their requirements and features, or ask questions about brokers and data feeds




 

RT and clearing fees, confused and unsure now

  #1 (permalink)

Munich, Germany
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Dorman/Rithmic
Favorite Futures: NQ, CC, ZN, ZB, ZF
 
Posts: 19 since Mar 2010
Thanks: 3 given, 4 received

RT and clearing fees, confused and unsure now

Hi all,

I never cared that much about broker costs, it was never my goal to get the deepest discount brokerage, so I am with a broker now for quite some time. Today I read the sticky topic "Commission shopping w/brokerages" and read about some fees which only certain broker charge ("clearing fees") and then I got curious as actually I AM charged "clearing fees" and I began to take a close look at my account statements and began calculating my real RT costs (broker commission, clearing fee, exchange fee, transaction fee and NFA fee).
It shows that for ES and NQ I pay $4.83 per round turn. That seems quite high to me, I was checking with other brokerages (especially the new NinjaTraderBrokerage) which would charge only $3.38 per RT (according to their PDF from their website), which would be an ENORMOUS difference.....
So my question is: Am I making a mistake here? Are there any other fees which add up to the $3.38 RT for NinaTraderBrokerage?

Thanks for any answers,
Greetings,
Oliver

Reply With Quote