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Can someone please tell me the general commission rules when you have a order that is not filled all at the same time? For example say you place an order to buy 10 contracts and get 5 filled, then 2 then 3. Do you pay commission for 1 or 3 trades? (I hope this makes sense) Does it vary broker to broker?
Can you help answer these questions from other members on NexusFi?
You don't pay commission per order, you pay per filled contract, as someone pointed out. And no, this rule doesn't vary with broker, but the price per roundtrip certainly does.
Some exchanges charge order fees on top of execution fees. You will also pay for cancelled or modified orders, if you do not execute. Paid, executed trades usually will give you a credit, which will be deducted from the order fees. This system is applied by some of the options exchanges, ECNs for trading stocks.
For futures you mostly only pay for executions. But here is an example (Interactive Brokers, EUREX) that shows that there are exceptions and that you may have to pay cancellation or modification fees:
It says on your bio that you are still on Ninja 6.5..if/when you go live make sure it's 7...soon to be 8.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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