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I have NinjaTrader full license platform and the brokerage is done through Phillips Capital. I just found painfully that I paid a lot of fees ... Trading mini ES futures - how much is the clearance fee for a contract? Thank you
Can you help answer these questions from other members on NexusFi?
The clearing fee for one E-Mini contract is $2.46 RT.
And starting on June 1st, CME increases routing fee from $0.20 to $0.30 RT.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Thank you - seems that I misunderstood https://ninjatrader.com/PDF/ninjatrader_futures_commissions.pdf , at all in rates for lifetime license ( including clearance - which is 0 $ on that page ) the commission is 1.94 $ ( single way order - so total would be 3.88 $ for buy an sell) .
Phillips capital is adding the extra fees that you mentioned?
Why in the world Ninja wouldn't publish then the total fee to be transparent?
Thank you - appreciate your help
T
PS - the total for one contract would be 9.3$ ???
According to the NT rates PDF, the total amount of commission and fees is $1.94 per side for lifetime license holders.
So the total RT amount for one E-Mini contract is two times $1.94 = $3.88.
The extra fee of $0.05 per side ($0.10 RT) I mentioned above will be implied by CME as of June 1st,
so the total amount of commission and fees for one E-Mini contract will sum up to $3.98 RT.
I'm sure you can negotiate better conditions if you trade bigger size...
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Maybe it is a good idea to clarify with support at NT brokerage or ask @NinjaTrader in order to make things more clear...
They have always been very responsive when I got any issue or question.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
