Cheapest futures brokers?

June 9th, 2019, 09:38 PM

Imagine a site where the brokers come to bid on our business. . . . a clearing house for traders and brokers.

Since volume is the biggest factor and brokers have some leeway on their commissions, this might work! But unfortunately, since each new broker used would require a new setup and a new tax statement would be sent for each broker, the minimum purchase should probably cover about 6 month's worth of trades.

It would be anonymous in the auction stage, and the the trader would commit to paying $X for Y # of trades. The broker would then agree to execute Y trades.

The trader would post something like, "I trade an average of 20 RT E-minis per day. I would like to buy 2400 trades (covering about 20 trading days for 6 months). Who wants my business?"

June 15th, 2019, 08:22 PM

Hello traders,

I'm new to futures trading and a new member on futures.io. Here's my first contribution. Hopefully it saves someone some money.

I've been using TradeStation to trade equities, and recently started trading futures with them as well. This may be common knowledge (sorry if it is), but I just discovered that they have a program called "TradeStation Salutes". If you're active military, a veteran, or a first responder, they offer a futures commission of 45� per contract per side (it's usually $1.50 per contract), and if you trade stocks, ETFs, or options, there is no commission at all. Wish I had known about this earlier, but grateful to have it now. Also, their software and data is free (not just for TS Salutes members). They used to charge about $100/month.

https://www.tradestation.com:443/promo/tradestationsalutes/

Cheapest futures brokers?

Discussion in Brokers

Cheapest futures brokers?