Can you imagine a broker just quoted me $11 round turn for futures trading PLUS monthly costs for the traidng platform. Even when I was trading one lots in a $2000 account, I never paid $11 rt, even for pit markets. These brokers sure do have some gall. They tell me because the rates are high becuase my volume is low and this is for their "instiutional-caliber" service. It's annoying and musing. Have you guys seen similar rates or have similar experiences to share?
yea i hav seen somebroke quote me some rate like that tehy are fucked up other broker are offering like ( i pay $6.50 rt no software fees but if i do volume i can pay $5 rt and $50 month fesss which i thik is decent
I've seen a few websites have prices around there, some even up around $15 round turn. Just tell them you want lower or NO DEAL! When i first started trading futures, I was scalping at $5 round turn, and every day, all my losses were 50% in commissions. Also, overall, when I blew my 2k account when i first started trading, about 45% of the money lost was due to commissions. I did around 20 - 40 contracts a day though. If I was going back, I'd want at most $3 round turn or lower, but that is me.
Exactly what I told them. I forgot they also tried to sell me on the fact that they could help me raise money for my Fund! I'm looking for a platform with broad connectivty to Asia, Europe & US exchanges (CME, CBOT, EUREX, LIFFE, MONTREAL, EURONEXT, PARIS, EURONEXT NETHERLANDS, MEFF, IDEM, SFE, SGX, TSE, KRX, HKFE) with decent rates. IB has this access but I don't like IB for reasons I won't go into here. Any ideas on platforms and FCMs!!!
I agree with you. I think our rates are more in line with other posters, although one of the rates was extremely low. For example, take a look at these rates: http://www.globalfutures.com/webforms/matrix.asp You can contact me for other rates for some of our other platforms as well. Ask me about 50 commission free contracts!