Well, since he is asking about a 25% tax, probably 1 point lol Edit: no, 1 tick it is. My bad Look Vegas, look for more points average per trade, okay? If not, and you have a high number of trades with low profit per trade, lease a seat. Here https://www.cmegroup.com/company/membership/membership-and-lease-pricing.html And then pay lower fees. Like $0.21 cent CME fee instead of $1.23 per side https://www.cmegroup.com/company/clearing-fees.html I too will like to pay no fees & trade for free. Ain't gonna happen
Yes, the option you are speaking about is called Top of Book only, and that is what I have used for years. Just the best bid and offer and the number of contracts at each. I found 10 deep DOM became a noisy distraction, and I don't miss it.
I was not aware that Stocks brokers now provide 4X without any added fees. I thought they charge for leverage and short selling. Futures are leveraged at higher notional (2500X50) for example on the ES. This is 10X (approx. nowadays) versus their margin, and if you get lower day trading margins, then your leverage is higher (not encouraging overleveraging, just comparing notional funds). As far as the cost of the CME on data, I am not a fan, and I am sorry traders who actually risk their capital daily (who trade REAL funds) need to encounter higher costs. I suggest to narrow it it it down to the exchnages you need only.
If you look at their volumes now, and the fact that professionals pay X10 for data, you are brave to short it. Just my opinion.