Is it correct they charge $175 screen fees in ADDITION to round trip fees whereas Interactive brokers do not have these type of additional charges? Fastrade not so cheap then ?
Yes, there is a platform fee. So FFastTrade is only cheaper if you do enough volume such that your commission savings is greater than the platform fee. Use FFastTrade's calculator utility to compute whether you would have a savings at your volume. Also, although small, keep in mind Interactive Broker's data fees when you do your calculation.
2 versions of ffasttrade, one is 600 or around there, the other "lite" version is 150 or around there. Just pm riskless and ask for prices and a demo.
Did a quick calculation - For ES, at least 19 RT's per day or 380 RT's per month to be cheaper than IB. For ESTX50, at least 16 RT's per day or 320 RT's per month to be cheaper than IB. I'll keep you in mind when I trade 500 RT's per month. pretzel
<Also, although small, keep in mind Interactive Broker's data fees when you do your calculation.> ha ha ... thats funny ...
For BUND (FGBL) trading the fee structure looks interesting (because of low exchange fees). And for BUND you will need to do a few RTs per day anyway to generate a decent income.