Hello Sir. Here is what my Broker in RJO Futures told me: Electronic contracts are $7/side. Pit traded contracts and options are $9.50/side, options charged when initiating the position and no commission when closing them. Until now i have traded only Electronic Futures. The Charge is, as mention above, $7/Side. That is valid for all the Number of Electronic Futures Contracts that open someone. If open for example 5 Electronic Futures Contracts the Charge is $35/Side. Kind Regards, George Kanellopoulos.
Believe it or not, it is not uncommon for a "full service" brokerage (ie one that provides guidance) to charge more for electronic markets. One broker I looked at: "Globex orders are $5 per side in addition to regular commission rates"
I've been with MF Global directly (www.mfglobalfutures.com or www.directfills.com) and I'm very pleased. Great customer service, and very competitive rates. Please note that I do self-directed online trading, so I can't speak to any full service brokerage experience if that is what you were inquiring about. E
kanellop, I agree with you about Jeff at RJO. I just opened my first live account with them last week and he's been extremely helpful.
Hello! Thank you for your Message! I am glad that you Post your Experience! I wish you Luck into the Markets! Kind Regards, George Kanellopoulos.
rj is good. on a side note whats the longest anyone has consecutively been on margin call with RJ? I was for 4 days I think
have you traded with pit contracts with them? wonder what the attitude is like towards a retail customer. or the time to report fills?
i remember paying 35 a fucking side to a broker back in the day man that shit hurt lol. fills were good man the only pit traded contracts now are the livestock and grain spreads i trade. dont use RJO anymore but thought it was fine when I did