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Commission for Trading CL
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Commission for Trading CL

  #1 (permalink)
Elite Member
Chicago IL
 
Futures Experience: Intermediate
Platform: TradeStation
Broker/Data: RJO Brien
Favorite Futures: ES, CL
 
Posts: 25 since Mar 2010
Thanks: 3 given, 22 received

Commission for Trading CL

I have been paying Tradestation $6.99 per contract per side for trading NYMEX CL

Is this a competitive price? or any better price available out there for trading CL?

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  #2 (permalink)
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  #3 (permalink)
Administrator: Retired Backtester
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Check this thread, $2.51 for Mirus, $2.75 for IB...

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  #4 (permalink)
Site Administrator
Manta, Ecuador
 
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thinkfuture View Post
I have been paying Tradestation $6.99 per contract per side for trading NYMEX CL

Is this a competitive price? or any better price available out there for trading CL?

Mirus is $5.02 rt all-inclusive for the first 500. You can find better than that if you want, I am thinking Infinity is about $4.25 rt but has higher margins. TradeStation is probably the most expensive

Mike

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  #5 (permalink)
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sam028 View Post
Check this thread, $2.51 for Mirus, $2.75 for IB...

Quick

Yes, good to point out --- OP says $6.99 per side... wow!!! that's $13.98 rt, and does it include fees? My example of Mirus is $5.02 round turn and includes all fees, like Sam says it's 2.51 per side.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #6 (permalink)
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Hey,

I pay 4$ rt with Sweet futures everything included .. !!!

Jinhar

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  #7 (permalink)
Elite Member
Chicago IL
 
Futures Experience: Intermediate
Platform: TradeStation
Broker/Data: RJO Brien
Favorite Futures: ES, CL
 
Posts: 25 since Mar 2010
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Big Mike View Post
Mirus is $5.02 rt all-inclusive for the first 500. You can find better than that if you want, I am thinking Infinity is about $4.25 rt but has higher margins. TradeStation is probably the most expensive

Mike

Actually Mike, I have an account (inactive) with Infinity & there margin requirement is $500 flat for all futures contracts. Sounds ridiculous but that was the requirement for ES.

I'm not sure on there margin requirement for CL, I suppose it should be $500, I'll follow up with them tomorrow.

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  #8 (permalink)
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thinkfuture View Post
Actually Mike, I have an account (inactive) with Infinity & there margin requirement is $500 flat for all futures contracts. Sounds ridiculous but that was the requirement for ES.

I'm not sure on there margin requirement for CL, I suppose it should be $500, I'll follow up with them tomorrow.

I would be surprised if it is $500 for CL. $400 and $500 is not unusual for ES, but CL is usually $1000 (Mirus) and sometimes $2000 (IB).

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #9 (permalink)
Elite Member
Riverdale, Idaho, USA
 
Futures Experience: Intermediate
Platform: Optimus Futures + MultiCharts + TradeStation
Broker/Data: Optimus Futures, Rithmic Data, TradeStation
Favorite Futures: CL, ES
 
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Posts: 106 since Aug 2010
Thanks: 211 given, 39 received


thinkfuture View Post
I have been paying Tradestation $6.99 per contract per side for trading NYMEX CL

Is this a competitive price? or any better price available out there for trading CL?


According to TradeStation's Commission page, I get the following:

For CL on NYMEX:
--------------------------TradeStation Fee----Reg. Fee----Exchange Fee----Total Commission
<=300 Contracts---------------1.20-------------.01------------1.45--------------2.66
301-1000 Contracts------------1.00-------------.01------------1.45--------------2.46
1001-10,000 Contracts---------0.65-------------.01------------1.45--------------2.11

These are for 1 side, 1 contract. Therefore, 1 R.T. would be:
5.32 (<=300 contracts/month),
4.92 (301 to 1000 contracts/mo.)
4.22 (1,001 to 10,000 contracts/mo.)


For the e-miNY (QM) on NYMEX:
--------------------------TradeStation----Fee Reg. Fee----Exchange Fee----Total Commission
<=300 Contracts---------------1.20-------------.01------------1.20--------------2.41
301-1000 Contracts------------1.00-------------.01------------1.20--------------2.21
1001-10,000 Contracts---------0.65-------------.01------------1.20--------------1.86

These are for 1 side, 1 contract. Therefore, a R.T. would be:
4.82 (<=300 contracts/month),
4.42 (301 to 1000 contracts/mo.)
3.72 (1,001 to 10,000 contracts/mo.)


What am I missing?

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