I would like to create a list of Retail brokers that give you the option to open an account in Euro's. I think a lot of European trader will be interested .... Due to the movements in the Euro versus the US Dollar, European traders have to deal with this risk as well. Please also add the products offered as well as an indication of the commission.
I will start with the first, Interactive Brokers (http://www.interactivebrokers.com) Stocks / Futures / Options stocks - per share pricing of $0.005 - $0.01 options - $1.00 per contract futures - $2.40 / side IB offers access to world wide markets.
You can open an account in euros with us. Check us out at www.velocityfutures.com Feel free to email me with any ?'s at: mark@velocityfutures.com
We offer all LIFFE and EUREX products as well as all electronic CME and CBOT products. This Schedule Good for CME E-Mini Equity Index Products Only Monthly Volume Breaks (including all exchange, clearing, and NFA fees) Contracts per Month Per Round Trip(USD) Per Side(USD) 0-4999 $3.90 $1.950 5000-9999 $3.75 $1.875 10,000-14,999 $3.32 $1.660 15,000-19,999 $3.00 * $1.500 * 20,000-50,000 $2.82 * $1.410 * 50,000+ $2.52 * $1.260 * This Schedule Good for EUREX DAX Index Futures Only Monthly Volume Breaks (including all exchange, clearing, and NFA fees) Contracts per Month Per Round Trip(Euro) Per Side(Euro) 0-4999 $2.80 $1.400 5000-9999 $2.50 $1.250 10,000-14,999 $2.20 $1.100 15,000-19,999 $1.95 * $0.975 * 20,000-50,000 $1.80 * $0.900 * 50,000+ $1.65 * $0.825 * This Schedule Good for EUREX Dow Jones Euro Stoxx Index Only Monthly Volume Breaks (including all exchange, clearing, and NFA fees) Contracts per Month Per Round Trip(Euro) Per Side(Euro) 0-4999 $2.50 $1.250 5000-9999 $2.25 $1.125 10,000-14,999 $1.95 $0.975 15,000-19,999 $1.80 * $0.900 * 20,000-50,000 $1.65 * $0.825 * 50,000+ $1.50 * $0.750 * This Schedule Good for EUREX Bund, Bobbl, Schatz Products Only Monthly Volume Breaks (including all exchange, clearing, and NFA fees) Contracts per Month Per Round Trip(Euro) Per Side(Euro) 0-4999 $1.90 $0.950 5000-9999 $1.70 $0.850 10,000-14,999 $1.50 $0.750 15,000-19,999 $1.20 * $0.600 * 20,000-50,000 $0.90 * $0.450 * 50,000+ $0.75 * $0.375 * * X-Trader monthly software fee included for FREE at these volume levels Here is a link to our full commission scheduel: [url]http://www.velocityfutures.com/commisions_schedule.html[/url] If you want to give us a try email me mark@velocityfutures.com and I will have an account rep. contact you and arrange to give month of trading discounted below our commssion scheduel so you can test us out. We are an FCM registered with the NFA and the CFTC.
I know most Futures brokers will let you open an Euro account. (I guess it's because there're lots of contracts trading in Euro's) I was wondering why most stock brokers don't offer this. I think it would be of great value for European traders.