Emini Commission cost - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Emini Commission cost
Updated: Views / Replies:1,192 / 8
Created: by davidyfl Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Emini Commission cost

  #1 (permalink)
Elite Member
new city, NY/US
 
Futures Experience: Intermediate
Platform: Ninjatradee
Favorite Futures: futures
 
Posts: 4 since Aug 2014
Thanks: 2 given, 1 received

Emini Commission cost

I trade Emini everyday for about 5 months now. But i realized the cost of commission is more than my profit... Now I'm with AMP futures. Can anyone tell me which brokerage firm has the best price? Thanks,

Sent from my SM-G928V using Tapatalk

Reply With Quote
 
  #2 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,371 received

You are there already.

Your problem is your strategy/money management.

You must be scalping and you are suffering from a combination of a win rate that is not high enough and your winning trade $ are too low relative to the $ of your losing trades.

Search 'expectancy' on this site.


Sent from my iPhone using Tapatalk

Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
Reply With Quote
The following user says Thank You to steve2222 for this post:
 
  #3 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,103 since Feb 2012
Thanks: 3,773 given, 7,592 received
Forum Reputation: Legendary


I think that around 4$ per round trip and contract is not much money.
If you trade via a bank (by phone order or so) you can have easily
50$ and more per order.

For your net profit you need to calculate your own total costs that are not only
the brokering costs but ALL your other costs for your trading like chart program,
computer costs, location etc. Only then you see your net gain after a certain period.

So your trading will need an accurate money management to stay in the game.
Perfect, that you have seen it at the beginning.

Good trades
GFIs1

Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
  #4 (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


davidyfl View Post
I trade Emini everyday for about 5 months now. But i realized the cost of commission is more than my profit... Now I'm with AMP futures. Can anyone tell me which brokerage firm has the best price? Thanks,

Sent from my SM-G928V using Tapatalk

Keep in mind that on the ES, $2.30 Cents goes to the CME, which is at times more than 50% of the cost.
Consider doing a CME Membership, or exploring a platform that does not charge routing fees, where you just pay straight commissions+exchnage. Thet tend to be more expensive on a per month basis, but can save you in the long run. For example TT X Trader, or CQG IC, and recently we even explored such possibility with RIthmic.

Matt Z
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
The following user says Thank You to mattz for this post:
 
  #5 (permalink)
Elite Member
Bangkok thailand
 
Futures Experience: Advanced
Platform: Multicharts, ninjatrader, tradestation, fxcm
Favorite Futures: Es forex
 
Posts: 116 since Jan 2015
Thanks: 128 given, 59 received


mattz View Post
Keep in mind that on the ES, $2.30 Cents goes to the CME, which is at times more than 50% of the cost.
Consider doing a CME Membership, or exploring a platform that does not charge routing fees, where you just pay straight commissions+exchnage. Thet tend to be more expensive on a per month basis, but can save you in the long run. For example TT X Trader, or CQG IC, and recently we even explored such possibility with RIthmic.

Matt Z
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

ok exactly how much would it work out at. i trade 60 to 100 contracts a day.
would it be worth going with tt at that?
i would like to see a side by side comparison with tradestation and interactivebrokers - my current brokers- with tt via optimus. including the monthly charge

Reply With Quote
The following user says Thank You to Forexoil for this post:
 
  #6 (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


Forexoil View Post
ok exactly how much would it work out at. i trade 60 to 100 contracts a day.
would it be worth going with tt at that?
i would like to see a side by side comparison with tradestation and interactivebrokers - my current brokers- with tt via optimus. including the monthly charge

I believe that with this quantity you can save. However, I prefer to take it off line.
Please PM me and I will share my email with you.

Thanks,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
 
  #7 (permalink)
Elite Member
San Diego, California
 
Futures Experience: Advanced
Platform: MultiCharts
Favorite Futures: ES, NQ
 
Posts: 26 since Mar 2016
Thanks: 0 given, 22 received

Double check these numbers, but last I checked, ES was $0.77 to Globex and $0.40 for clearing. On top of that you have your brokerage fee, which at Interactive Brokers I believe is $0.85 for your first thousand of the month and less after that.

Your current commissions look like they might be around $2500–$4000/mo, and leasing a CME IOM membership for $300/mo might reduce those commissions to $1300–$1900/mo.

I think being an exchange member defines you as a professional at Interactive Brokers, so you'll probably be asked to pay a little more for data feeds, if you use theirs.

Alternatively you might consider incurring fewer commissions.

Reply With Quote
 
  #8 (permalink)
Elite Member
new city, NY/US
 
Futures Experience: Intermediate
Platform: Ninjatradee
Favorite Futures: futures
 
Posts: 4 since Aug 2014
Thanks: 2 given, 1 received


mattz View Post
Keep in mind that on the ES, $2.30 Cents goes to the CME, which is at times more than 50% of the cost.
Consider doing a CME Membership, or exploring a platform that does not charge routing fees, where you just pay straight commissions+exchnage. Thet tend to be more expensive on a per month basis, but can save you in the long run. For example TT X Trader, or CQG IC, and recently we even explored such possibility with RIthmic.

Matt Z
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

Great! Thanks Matt!


Sent from my SM-G928V using Tapatalk

Reply With Quote
The following user says Thank You to davidyfl for this post:
 
  #9 (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


chik View Post
Double check these numbers, but last I checked, ES was $0.77 to Globex and $0.40 for clearing. .......

Agreed. Except that I quoted clearing and Globex as one figure RT (Buy and Sell), should have been more accurate 2.34 cents 1.17 per side
Total commissions could be lowered on X Trader and CQG IC way below 85 cents.

Thanks,
Matt Z

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

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

Reply



futures io > > > > Emini Commission cost

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Commission Commission Commission Only German Traders 7 January 11th, 2015 12:42 PM
Cost of corruption across EU equals its annual budget - EU Commission kbit News and Current Events 0 February 3rd, 2014 09:56 PM
Commission Commission Commission calhawk01 Reviews of Brokers and Data Feeds 23 October 16th, 2013 10:27 AM
Commission question.... tammyd549 Traders Hideout 7 June 13th, 2012 02:32 AM
Getting the Commission for an Instrument NJAMC NinjaTrader Programming 6 January 27th, 2012 10:52 PM


All times are GMT -4. The time now is 02:50 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-19 in 0.12 seconds with 19 queries on phoenix via your IP 54.80.33.183