Advantage Futures - best commissions i have ever seen

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


  1. 1.14 + 0.02 = $1.16 no ?
     
    #31     May 15, 2009
  2. dmcw

    dmcw Global Futures

    NFA fees used to be $0.02 per side; now only $0.01 per side. $1.15 total per side.
     
    #32     May 15, 2009

  3. When did that change ?
     
    #33     May 15, 2009
  4. dmcw

    dmcw Global Futures

    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.
     
    #34     May 15, 2009
  5. dmcw

    dmcw Global Futures

    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. "
     
    #35     May 15, 2009
  6. twinx

    twinx

    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."
     
    #36     May 15, 2009




  7. 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 :D
     
    #37     May 15, 2009
  8. Why don't you worry about your OWN P&L, and not what others are trading, seriously counterproductive!

    el pollo
     
    #38     May 15, 2009
  9. I clear through Advantage.

    I can recommend them without hesitation.
    Good firm with great people.
     
    #39     May 15, 2009
  10. twinx

    twinx

    Thanks!

    But i do repeat my question (about Overnight / "Carrying Fee") on every page until I get an answer. :mad:
    :confused:
     
    #40     May 15, 2009