Globex Fee

Discussion in 'Index Futures' started by moolah, Jul 18, 2018.

  1. moolah

    moolah

    I'm new to futures trading, what are Globex fee? Why is it soooo expensive?
     
  2. Robert Morse

    Robert Morse Sponsor

  3. $5/month expensive? Hey, everybody has to make something to provide service and stay in business. Compared to the rest, Globex is a bargain.

    (I pay $10/mo to have Globex from 2 sources. I used to pay >$2,000/year on a different platform.)
     
  4. moolah

    moolah

    Very expensive with TD ameritrade. Globex fee amounts to almost 50% of the contract sum
     
  5. Robert Morse

    Robert Morse Sponsor

    Please provide an example from one trade.
     
  6. manonfire

    manonfire

    Paying full on retail, non member rates with a decent broker you can execute a round turn for less then $4 on a contract with $140,000 notional value. Far from expensive and you can further reduce those costs with membership and tiered commissions based on volume from various brokers.
     
  7. cvds16

    cvds16

    In the early nineties I used to spend about 17.000 euro's a year just to get my data ... that's expensive ...