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Have you dealt with any of these brokers? Looking to open an account


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Have you dealt with any of these brokers? Looking to open an account

  #11 (permalink)
 ghl123 
London/UK
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Stocks, ES
Posts: 68 since May 2013
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Melba swing View Post
Hi, don't know about the ones you mention or the ES but you can begin with Mirus from that price and trade the M6E. I have just taken that road myself recently.

What's the fee of the M6E and how it compares to the ES in terms of price per tick, volume, liquidity. More importantly why choosing M6E over the ES?

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  #12 (permalink)
 
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 Melba swing 
Melbourne Victoria/Australia
 
Experience: Advanced
Platform: C-trader, MT4
Broker: Pepperstone
Trading: Forex, Indices
Posts: 68 since May 2013
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ghl123 View Post
What's the fee of the M6E and how it compares to the ES in terms of price per tick, volume, liquidity. More importantly why choosing M6E over the ES?


Hi, the round trip fee is $2.22. Liquidity is fine in the first few hours of US session which I'm trading. More info can be found on the CME website for volumes etc. Price per tick is $1.25 and the reason you would chose this instrument is because you don't have much trading capital and are new to futures.

A good starting point so to speak. The ES is a whole different beast, I'm not able to speak about it as I have never traded it but you need a lot larger capital to start with as just the contract holding deposit is significantly larger, not to mention the cost per tick size.

The CME website is very informative on all you need to know about all the instruments with 15 minute delayed quotes in current time so worth a look for further education.

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Last Updated on July 7, 2013


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