Advantage Futures - best commissions i have ever seen

Discussion in 'Retail Brokers' started by moarla, Sep 9, 2008.


  1. www.globalfutures.com starts at $0.35


    Trading Volume
    (R/T per Month) CME/GLOBEX/CBOT/ICE
    (Per Side/Per Contract) EUREX
    (Per Side/Per Contract)

    0 - 4,999
    $0.35 0,35 €

    5,000 - 9,999
    $0.35 0,35 €

    10,000 - 14,999
    $0.35 0,35 €

    15,000 - 19,999
    $0.30 0,30 €

    20,000 - 49,999
    $0.20 0,20 €

    50,000 - 99,999
    $0.10 0,10 €

    100,000 +
    $0.05 0,05 €
     
    #21     May 15, 2009
  2. #22     May 15, 2009
  3. moarla

    moarla

    you cant compare global or other IBs with Advantage futures...

    no no
     
    #23     May 15, 2009

  4. How is that ?
     
    #24     May 15, 2009
  5. And Global also says "Exchange, clearing, regulatory fees and NFA fees are not included."

    I know how much the exchange and NFA fees are, but how much are the unspecified clearing and regulatory fees going to cost me?

    Eagle Market Makers only charges the $0.40 commission, plus exchange and NFA fees. No extra unspecified clearing and regulatory fees charged. And Eagle Market Makers is a clearing firm, not a lowly IB.
     
    #25     May 15, 2009
  6. twinx

    twinx

    What about overnight fees?
     
    #26     May 15, 2009

  7. You made a good point , I overlooked that
    How much are those regulatory and clearing fees ?
     
    #27     May 15, 2009
  8. dmcw

    dmcw Global Futures

    Specifically for CME GLOBEX emini SP/NQ/YM "Exchange, clearing, reg. fees and NFA fees" add up to $1.15 per side/$2.30 round turn currently. (These are non-exchange member fees. Members have reduced fees. If anyone wants to explore the possibility of having an exchange memnership I may be able to help answer some questions about that.)

    Our X_Trader tier starts out at $0.35 per side, so the total commission for those markets would be $1.50 per side, or $3.00 round turn. Feel free to contact me for more information, or if you'd like to check the fees for other markets.
     
    #28     May 15, 2009
  9. twinx

    twinx

    ...and overnight fees?
     
    #29     May 15, 2009
  10. dmcw

    dmcw Global Futures

    I'm not sure what you mean by overnight 'fees'. We don't charge any extra fees to clients to hold positions overnight as long as they meet the Exchange-set Overnight Margin.

    Are you asking about our Overnight Margin requirement? We use whatever the Exchange sets as their minimum. In the case of the Emini SP, it's currently $5625 for non-members.

    Not sure I've answered your question. Let me know if not.
     
    #30     May 15, 2009