Trading US Futures from Australia
|July 17th, 2012, 10:33 AM||#11 (permalink)|
Futures Experience: Advanced
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
Posts: 1,791 since Sep 2010
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FCMs like retail go through banks and banks have a mark up over and above the spot rate.
Like all things, the higher the amount the less mark up.
Smaller places have their "service fee" that makes up sometimes for smaller spreads.
The key is to go to a place where you can truly negotiate a little, not one of those franchise outfits.
It is recommnded to send the funds in US dollars if one wants to trade US markets.
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