On top of commissions and exchange fees, DeCarley is also charging an additional 0.75 cents (1.5 RT) fee. This was not disclosed to me when I opened an account with them. Otherwise service is good if not on the expensive side.
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Perhaps. I just did not like that the fact that the "fee" was not disclosed to me at the beginning. That seems to be a recurring theme with brokers, you get quoted a commission and then find these fees. Still her service is very good.
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MJ888, how much capital did you put down to open the acct with OX that they granted you with this good commission rate? I am wondering if I open an 20k acct with them, they don't even consider to lower the commission for me. Any inputs will be appreciated.
Ron, thanks, I am thinking maybe to open one regular acct with OX and open one IRA with DeCarly ... I don't know yet... I am still so concerned about Black Swan/fat finger thing ( the margin call I got from IB still scared me a lot that I am not confident enough yet to start selling option again. Just cant pull the trigger yet. I plan to finish Cordier's book and this thread first, searching around until I am very clear about how to control risk, then I can move on..
$3.5 is good enough, after you told me, I checked their website again, I did find the option on future is $3.5, I thought it was $12.95 flat, thank you Ron!
I maybe also consider to sell option on commodity like Cordier said to diversify the risk, if I only trade ES option, Black swan/ fat finger feel like inevitable.