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Brokers fees

  #11 (permalink)
mikorn83
Gdansk/Poland
 
Posts: 33 since Feb 2014
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CafeGrande View Post
$3.76 R/T before the CQG fees of $40/mo and 25 cts/trade is a good price, and as noted a couple of posts above, it beats Interactive Brokers' $4.64 R/T for CL.

For non-member (retail) and without minimum volume, I *think* the next cheapest rates are from Ironbeam or one of their introducing brokers. The last time I saw one of their ads they were $1.00 R/T which would be $3.94 R/T for a CL contract with exchange and NFA added in.

I've never looked at Dorman -- are you going direct or through an introducing broker, and are you getting all the data fees for the CME (CME, CBOT, NYMEX, COMEX) and ICE US at no additional cost?

I'm going direct through Dorman and I don't pay monthly data fees for CME and ICE US. I don't pay it because I'm from EU and not from US and because I'm non-pro trader. I think US citizens would have to pay $15 per month for CME data feed.

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  #12 (permalink)
 
CannonTrading's Avatar
 CannonTrading   is a Vendor
 
Posts: 216 since Mar 2013
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@mikorn83 did you have a futures account before March 1, 2014? If so you are not subject to pay the CME Non-Pro fee till next year. Unfortunately for ALL new subscribers for the CME Market data who opened accounts after March 1, 2014 are subject to the fees (Non-Professional or Professional Traders). Non-Professional traders (U.S and non U.S based) are subject to the $5.00 per exchange fee or the $15 monthly bundle for all four (CME, CBOT, NYMEX, and COMEX).


mikorn83 View Post
I'm going direct through Dorman and I don't pay monthly data fees for CME and ICE US. I don't pay it because I'm from EU and not from US and because I'm non-pro trader. I think US citizens would have to pay $15 per month for CME data feed.


PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #13 (permalink)
mikorn83
Gdansk/Poland
 
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Ilanlm View Post
@mikorn83 did you have a futures account before March 1, 2014? If so you are not subject to pay the CME Non-Pro fee till next year. Unfortunately for ALL new subscribers for the CME Market data who opened accounts after March 1, 2014 are subject to the fees (Non-Professional or Professional Traders). Non-Professional traders (U.S and non U.S based) are subject to the $5.00 per exchange fee or the $15 monthly bundle for all four (CME, CBOT, NYMEX, and COMEX).

Yes, I have a live account for a long time, but with Dorman Trading I'm just since February 2014.

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Last Updated on May 21, 2014


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