They are part of Gain Capital. Standard commision is $1.25, however there is an overnight carrying fee. You can negotiate with them to pay a higher commission in exchange for no overnight carrying fee. What rate you can get depends on your volume and how good a negotiator you are.
You can also go through another IB that offers the OEC platform and you should be able to get almost the same commission. OEC waives the fee if you are working through another IB and not directly with OEC. I went through a smaller IB and got OEC's standard commission with no overnight carrying fees.
Last edited by Dudetooth; May 2nd, 2014 at 09:32 AM.
This is interesting. Yesterday when I had to call in to confirm my wire withdrawal from OX they asked why I was pulling out my money. One reason I gave them was that they charged higher than SPAN minimum margin.
Today they lowered margin required on some commodities. CL from 15% to 10 (it was 25% 2 weeks ago). W & NG & RB & HO from 10% to 0. They are still 30% on KC. 10% on LC & LH.
A couple of months ago I complained about this and they lowered milk from 20% to 0. But they didn't lower any others.
So they lost my business because they wanted too long. That will teach them.
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I noticed that my buying power jumped up today. Thank you, Ron!!!!
I still need to make the switch to DeCarley. I have done the demo and the only thing that bothered me was not seeing the margin requirements. Since then I have down loaded the Excel PC SPAN calculator. It is awesome. Thank y'all for developing that.
Last edited by Raven; May 2nd, 2014 at 12:55 PM.
Volatility is an interesting animal. IV above HV generally says options are expensive and then you should be a seller. In commodities one of the other factors is seasonality. The thing I have been noticing lately is that high volatility generally indicates the possibility of a disconnect with seasonality. High volatility is also about probability I believe and you can also almost say the same thing about seasonality. If the seasonal pattern is intact then probability is high. I wonder if moderate volatility and an intact seasonal pattern provides a easier ride through to expiry. You can miss out making money waiting for volatility to spike. Then the best result may be to recognize when volatility tends to rise based on a seasonal pattern that is intact. Well then you would think you have the best of both worlds.
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