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Trading US Futures from Australia
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Trading US Futures from Australia

  #11 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,042 since Sep 2010
Thanks: 1,912 given, 2,750 received
Forum Reputation: Legendary

FCMs like retail go through banks and banks have a mark up over and above the spot rate.
Like all things, the higher the amount the less mark up.

Smaller places have their "service fee" that makes up sometimes for smaller spreads.
The key is to go to a place where you can truly negotiate a little, not one of those franchise outfits.
It is recommnded to send the funds in US dollars if one wants to trade US markets.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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