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Interactive Brokers - total Costs for FGBL
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Interactive Brokers - total Costs for FGBL

  #1 (permalink)
Trading Apprentice
Munich
 
Futures Experience: None
Platform: Nothing yet
Favorite Futures: FGBL
 
Posts: 19 since Jan 2017
Thanks: 32 given, 3 received

Interactive Brokers - total Costs for FGBL

Hi,

Im interested in trading the FGBL (German Bond). The Broker of my choice would be IB. As i read and heard they are reliable and reasonably priced. But being Beginner, i need your help.

I'm interested in the cost- plus price structure. https://www.interactivebrokers.com/en/index.php?f=commission&p=futures2
So what are the total costs for trading 1 FGBL- Contract?
Am i'm right if it's: 0.90 EUR + 0.20 EUR per Halfturn, so total costs for f.e. buy and cover 1 FGBL- Contract is 2.20 EUR?

In the IB- Example CAC-40 is a clearing fee and transaction fee, i think I have to add these costs to my 2.20 EUR, right?


thanks for your help!

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Slovakia
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: futures
 
Posts: 146 since Aug 2009
Thanks: 46 given, 73 received



svedan View Post
Hi,

Im interested in trading the FGBL (German Bond). The Broker of my choice would be IB. As i read and heard they are reliable and reasonably priced. But being Beginner, i need your help.

I'm interested in the cost- plus price structure. https://www.interactivebrokers.com/en/index.php?f=commission&p=futures2
So what are the total costs for trading 1 FGBL- Contract?
Am i'm right if it's: 0.90 EUR + 0.20 EUR per Halfturn, so total costs for f.e. buy and cover 1 FGBL- Contract is 2.20 EUR?

In the IB- Example CAC-40 is a clearing fee and transaction fee, i think I have to add these costs to my 2.20 EUR, right?


thanks for your help!

0,90+0,20+(0,01 regulatory fees) 1,11 EUR per side
plus look on cancel/modify fees for EUREX products
https://www.interactivebrokers.com/en/index.php?f=667

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The following user says Thank You to Obelixtrader for this post:
 
  #4 (permalink)
Trading Apprentice
Munich
 
Futures Experience: None
Platform: Nothing yet
Favorite Futures: FGBL
 
Posts: 19 since Jan 2017
Thanks: 32 given, 3 received

Nice, thank you Obelixtrader.

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  #5 (permalink)
Elite Member
SF, CA/USA
 
Futures Experience: Beginner
Platform: SC
Broker/Data: Stage 5
Favorite Futures: ES, 6E, sometimes NQ, and occasionally CL
 
jackbravo's Avatar
 
Posts: 1,290 since Jun 2014
Thanks: 3,715 given, 2,261 received

Also check margins, sometimes IB's margins are higher. Affects ability to trade depending on account size.

1. You don't know the future.
2. Anything can happen in the market, including:
-market stops you out and keeps going to unimaginable levels
-market stops you out and reverses direction to hit your initial target
-market hits your target and keeps going to unimaginable levels
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  #6 (permalink)
Trading Apprentice
Munich
 
Futures Experience: None
Platform: Nothing yet
Favorite Futures: FGBL
 
Posts: 19 since Jan 2017
Thanks: 32 given, 3 received

Thanks jackbravo, good advice. IB is on my list, will check that.

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  #7 (permalink)
Elite Member
Amsterdam area
 
Futures Experience: Advanced
Platform: NinjaTrader, IB TWS
Broker/Data: InteractiveBrokers, Kinetick
Favorite Futures: FGBL, Emini ES
 
Pa Dax's Avatar
 
Posts: 326 since Oct 2017
Thanks: 269 given, 1,255 received

IB margins on fgbl is really good. About 1500 euro per lot.

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