Unfortunately our prop firm partners do not offer any commission free or fee free platforms at this time.
There are free broker platforms you can use Unless you trade a lot tradovate will cost you more money also you should be able to get lower commissions than that by just asking. I’m still amazed people pay $3.45/RT at TD ameritrade. Smh
So give me your cheapest ES combo...I do not care. I do not need a DOM. I trade off of a chart. Assume I trade 525-675 ES contracts per month and make 10% a month. Can you give me something that makes sense? I understand the favorable tax treatment over here...that's why I am here, but I am not buying your money at loan shark rates ok? ElectricVinnySavant
Everyone starts at $0.50/side commission at the prop firm. On top of this you have exchange+nfa fees and then if you use a data feed like CQG/Rithmic/TT, you likely have a $0.10-$0.25/side transaction cost for the platform. Once volume is demonstrated in the live account, you can request a view for lower than $0.50/side.
For Rithmic feed: $0.50 broker commission + $0.02 NFA + $0.25 Rithmic + $1.18 exchange = $1.95/side = $3.90RT
With a 2K deposit at Tradovate I could trade 3 contracts ($500/per) which I would never do. I would pay $199.00/MO for $2.56 RT. (AMP trading less deposit at $400.00 per) So I would trade 25K (your money) for $3.90RT + $175.00/mo. to save $24.00/month and increase my commish with $1.34RT..what am I missing here? ES
ok sorry... With a 2K deposit at Tradovate I could trade 3 contracts ($500/per) which I would never do. I would pay $199.00/MO for $2.56 RT. (AMP trading less deposit at $400.00 per) So I would trade 25K (your money) for $3.90RT and give you 20% of the profits $250.00 (5% a month) to save $199.00/month and increase my commish with $1.34RT at the same tax advantage that I have now? What am I missing here? Don't you think that that is an expensive 25K that prolly has a 3 contract limit? ES
First question would be, if you have $25k of your own money you can safely risk, and you're a profitable trader, why would you want to work with a prop firm? Key take aways are; 1) It's not your money at personal money at risk. 2) You're with a bigger FCM which some people feel better about. Other than that, it's a question you would need to answer yourself.