You know what, I can't even remember. It's been a long time... I can look back at my statements as far back as July on last year and see that it was already down to $0.01 per side at that time.
Ok, found it. The fee was lowered January of last year: "NFA assessment fee reduction will become effective on January 1, 2008 Effective January 1, 2008, NFA's assessment fee will be $.01 per side. The new rate is a 50% decrease from the current rate and the lowest level in NFA's history. It also marks the eighth reduction in the fee in the last nine years. "
Some brokers charge Overnight / "Carrying Fee" E.g. they dont: http://www.variancefutures.com/commissions/ but e.g. IB does in unbundled fee structure... So, what about Advantage Futures? They write: "Minimum annual revenue requirements may apply to traders leaving overnight margined positions."
Penny-wise, Pound foolish? Advantage is apparently DIRT cheap, but two questions remain: #1 - How much coin did YOU make last year futures trading? #2 - How much did you pay in commissions? I've met MANY unprofitable traders who are looking for either a holy grail (usually an amalgamation of indicators & oscillators) or a dirt cheap commission. Once I spoke with a dude who thought he was a big shot, looking for a few cents a spin...found out he's only trading with $50k. ::shakes head disapprovingly:: You know what they say about the retail guy, right? Have a nice weekend, all. --Harold
Why don't you worry about your OWN P&L, and not what others are trading, seriously counterproductive! el pollo
Thanks! But i do repeat my question (about Overnight / "Carrying Fee") on every page until I get an answer.