KOSPI 200 Mini Futures Contract - Emini Index Futures Trading | futures io social day trading
futures io futures trading


KOSPI 200 Mini Futures Contract
Updated: Views / Replies:9,246 / 64
Created: by mangolassi Attachments:0

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you dont need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 
Thread Tools Search this Thread
 

KOSPI 200 Mini Futures Contract

  #21 (permalink)
Elite Member
Slovakia
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: futures
 
Posts: 112 since Aug 2009
Thanks: 19 given, 55 received


Tommip View Post
Interactive Brokers take much higher commission then local brokers.For example commission comparison - IB vs Hyundai Futures:

Hyundai takes 0.015 % for stock futures,IB takes 0.04 %

KTB futures Hyundai 2900 IB 4600 KRW

Kospi 200 Hyundai 0.00145 % while IB takes ... three times more 0.004%

KRX is only ,,weak'' point of IB - on all futures they take x3 times more then others.Trading via local brokers like NH Futures/Hyundai Futures/Samsung Futures will save you 70 % of your money.And if you also sell naked options... you will save 90 % of margin

You are right
i was looking on one of these brokers for kospi200 futures 0,00145% and IB 0,004% and for currency futures 560 per side and IB 1500
Tommip do you trade this products through korean broker?


Last edited by Obelixtrader; August 30th, 2015 at 11:03 AM.
Reply With Quote
 
  #22 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
Thanks: 60 given, 112 received


Tommip View Post
Interactive Brokers take much higher commission then local brokers.For example commission comparison - IB vs Hyundai Futures:

Hyundai takes 0.015 % for stock futures,IB takes 0.04 %

KTB futures Hyundai 2900 IB 4600 KRW

Kospi 200 Hyundai 0.00145 % while IB takes ... three times more 0.004%

KRX is only ,,weak'' point of IB - on all futures they take x3 times more then others.Trading via local brokers like NH Futures/Hyundai Futures/Samsung Futures will save you 70 % of your money.And if you also sell naked options... you will save 90 % of margin

Thanks for the info. Do you know which brokers would allow a US-based client to open an account?

Reply With Quote
 
  #23 (permalink)
Trading for Fun
Rybnik Polska
 
Futures Experience: Advanced
Platform: TWS
Favorite Futures: Futures
 
Posts: 105 since Aug 2015
Thanks: 18 given, 42 received


I was talking with Hyundai and Samsung few years ago and there is one key point - after new regulation in 2012 (increase tick value ) they require 15 000 000 KRW to open account.All brokers require that couse it is a new regulation with KRX.So it was no sense for me to open account just to trade one futures,also it is little complicated couse you need to have standing proxy there.
Procedures is on NH Futures site (write nh futures opening account in google ),I cant provide direct link becouse I'm writing just second post on this forum :-) .Finally mangolassi - yes,US citizen could open account If I remember corectly.

Reply With Quote
The following user says Thank You to Tommip for this post:
 
  #24 (permalink)
Trading for Fun
Rybnik Polska
 
Futures Experience: Advanced
Platform: TWS
Favorite Futures: Futures
 
Posts: 105 since Aug 2015
Thanks: 18 given, 42 received

Wow last year requirements go up even further.I was asking few persons at few brokers,and most of them... are no interested in having retail foreign client's.They even still not have trading platform in English. From this year minimal requirements are 30 000 000 KRW for futures and ... 50 000 000 KRW for options.This is so ridiculous - putting new small futures to exchange and throwing out retail traders in the same time ;/.Also have in mind that there is big possibility that there will be new tax on derivatives (as it is on stock's ) ... all of this make KRX a dead place.

Reply With Quote
The following user says Thank You to Tommip for this post:
 
  #25 (permalink)
Elite Member
Edmonton, Alberta
 
Futures Experience: Advanced
Platform: IB
Favorite Futures: nq
 
Posts: 55 since Jan 2012
Thanks: 27 given, 57 received

IB has excellent rates for options in Korea. When I was trading Korean markets it usually worked out to around $1.00/contract for options. (It may even be cheaper if you trade more size , ie, 10 lots, etc...) I think Futures r/t is about $6.60 for K200.

Reply With Quote
 
  #26 (permalink)
Trading for Fun
Rybnik Polska
 
Futures Experience: Advanced
Platform: TWS
Favorite Futures: Futures
 
Posts: 105 since Aug 2015
Thanks: 18 given, 42 received

gfmatt - its true if you compare tick value vs commission...but if you try to sell that (naked) option ... then you will need to have more then 10 000 $ margin even if option price is 0.05

Reply With Quote
 
  #27 (permalink)
Elite Member
Edmonton, Alberta
 
Futures Experience: Advanced
Platform: IB
Favorite Futures: nq
 
Posts: 55 since Jan 2012
Thanks: 27 given, 57 received

Unless you have portfolio margin, selling naked is stupid anyway, even in the US. With IB, I only used calendars, butterflies, and BWBs . Rates were cheap.

Reply With Quote
 
  #28 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
Thanks: 60 given, 112 received

Mini KOSPI should be tradable for IB clients now.

How does trading the Korean market work through IB? Do you have to convert your funds into the Won in order to place trades? Or can it be done with the US Dollar?

Reply With Quote
 
  #29 (permalink)
Trading for Fun
Rybnik Polska
 
Futures Experience: Advanced
Platform: TWS
Favorite Futures: Futures
 
Posts: 105 since Aug 2015
Thanks: 18 given, 42 received


mangolassi View Post

How does trading the Korean market work through IB? Do you have to convert your funds into the Won in order to place trades? Or can it be done with the US Dollar?

You can have USD as base currency and trade.Only profit / loss will be in Won as credit/debit.

Reply With Quote
The following user says Thank You to Tommip for this post:
 
  #30 (permalink)
Trading for Fun
Boston, MA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Interactive Brokers, AMP/CQG
Favorite Futures: N225M (Osaka), ES
 
Posts: 165 since Dec 2014
Thanks: 60 given, 112 received



Tommip View Post
You can have USD as base currency and trade.Only profit / loss will be in Won as credit/debit.


Thanks. So will the profits be updated to my account in USD or do I have to convert them to USD later on?

Reply With Quote

Reply



futures io > > > > KOSPI 200 Mini Futures Contract

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
What are futures contract? Richardgardner Traders Hideout 2 April 9th, 2015 09:11 AM
looking for a system generating $150 - $200 profit/ day/contract jonathanbloom3 Traders Hideout 39 November 11th, 2014 07:27 AM
No one really trades futures contract using daily chart due to changes on contract? Azharr Beginners and Introductions 2 September 30th, 2013 12:14 AM
Futures Contract Specifications - How long is the life of a contract ? trendisyourfriend Traders Hideout 11 November 14th, 2010 10:34 AM


All times are GMT -4. The time now is 11:47 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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
Page generated 2017-12-12 in 0.12 seconds with 19 queries on phoenix via your IP 54.234.255.29