Etrade for futures - reviews/commissions - futures io
futures io



Etrade for futures - reviews/commissions


Discussion in Brokers

Updated
      Top Posters
    1. looks_one Billiwon with 1 posts (0 thanks)
    2. looks_two ichack17 with 1 posts (0 thanks)
    3. looks_3 halperin with 1 posts (0 thanks)
    4. looks_4 chipwitch with 1 posts (0 thanks)
    1. trending_up 697 views
    2. thumb_up 0 thanks given
    3. group 3 followers
    1. forum 3 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Etrade for futures - reviews/commissions

(login for full post details)
  #1 (permalink)
 halperin 
atlanta
 
Experience: Intermediate
Platform: sierra
Trading: futures
 
Posts: 404 since May 2015
Thanks: 58 given, 205 received

Does any one use etrade for futures? How do they find the reliability? How do the commissions compare? For ES I believe its 1.5 commission + 1.3 exchange fee = 2.8*2 = $5.60 per round turn on the ES contract

Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Time to change of FCM
Emini and Emicro Index
Help with Scale In ATM strategy
NinjaTrader
Williams Fractal (NT8) indicator - Alert function implem …
NinjaTrader
mahDualCandlePattern
NinjaTrader
value chart indicator by sim22
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
96 thanks
Most Funding Firms are a Scam
65 thanks
Hedging NQ and MNQ 1-10...
13 thanks
Trading Plan
9 thanks
How many day traders are profitable?
8 thanks
 
(login for full post details)
  #2 (permalink)
 chipwitch 
Nashville, TN
 
Experience: Beginner
Platform: NinjaTrader
Broker: NinjaTrader, Continuum Data
Trading: MES for now... baby steps
 
chipwitch's Avatar
 
Posts: 258 since Feb 2022
Thanks: 187 given, 466 received

Hi, since I'm new here I wasn't allowed to respond or DM halperin in the brokers forum... so, if it isn't too great an offense, I thought I'd respond here to their eTrade question...

I opened an eTrade account a couple months ago. It was my first account in my most recent foray into futures. I only did a handful of trades in MES to realize I needed to do more work studying. So, take my experience with a grain of salt.

I had no issues with the company. They were very responsive on the phone and I believe their fills were efficient for a retailer.

However, I found their platform wanting. There was very little customization. Colors, candle widths etc. Plus, their flagship platform is web based. They do still support their old pc based software which I preferred, but IIRC, you couldn't trade futures from it. Unfortunately, they didn't allow you to have both the pc version and the web based platform running simultaneously. They offered no tabs for multiple charts and you would need to open windows of charts which took up a lot of real estate with the borders, headers, margins etc.

Being a dabbler in programming, I considered using their API to customize some features I wanted, but their API offers very little power and I believe it uses Python, which I understand to be rather slow.

I also looked into using a third party platform like NinjaTrader or TradingView, but was informed by eTrade that their platform was all I could use.

And yes, their commissions are a little high, which made any attempts to scalp MES a more challenging endeavor than on other brokerages.

I have since purchased the lifetime license to NinjaTrader and have found the platform absolutely 1000% better, though I have yet to actually trade live with NT. I am not yet as comfortable with my trading skills though I'm paper trading at every moment during regular market hours.

I'm afraid I don't have any more insight, lacking experience with other platforms, but I wouldn't recommend them. You would think, given their resources, and current merger with Morgan Stanley that they would have a platform that could at least compete with and be loved by at least some traders in the same way as TOS.

Anyway, I hope that helps. Thanks for indulging my posting this here.

Reply With Quote
 
(login for full post details)
  #3 (permalink)
 Billiwon 
Los Angeles, California
 
Experience: Intermediate
Platform: NinjaTrader, TradeStation
Trading: Index futures, etc.
 
Posts: 29 since Aug 2014
Thanks: 43 given, 12 received



halperin View Post
Does any one use etrade for futures? How do they find the reliability? How do the commissions compare? For ES I believe its 1.5 commission + 1.3 exchange fee = 2.8*2 = $5.60 per round turn on the ES contract

That seems high compared to TradeStation at this time. I think there is a promotion going on at TradeStation -- 50% off their regular commission for future contracts for new accounts. I don't see that on their website right now, so you might want to contact them to find out.

~ Bill

Reply With Quote
 
(login for full post details)
  #4 (permalink)
 ichack17 
Manchester, New Hampshire, United States
 
Experience: Intermediate
Platform: Firetip(x), TradingView
Broker: IronBeam
Trading: ES, NQ, GC
 
Posts: 10 since Apr 2020
Thanks: 9 given, 9 received

More useful since they added One-Triggers-OCO order type. I use it to hedge options on SPX/NDQ/RUT.

Reply With Quote


futures io Trading Community Trading Reviews and Vendors Brokers > Etrade for futures - reviews/commissions


Last Updated on February 27, 2022


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts