i am trading ~2000 contracts per month

Discussion in 'Retail Brokers' started by logis, Jan 14, 2021.

  1. logis

    logis

    CME (es/nq)
    currently with IB
    any suggested broker with trading lower fees?
     
    timdug likes this.
  2. maxinger

    maxinger

    strange ....

    with such a big quantity, we should be asking you and
    not the other way round.
     
    pior, tomas262, VPhantom and 4 others like this.
  3. narafa

    narafa

    Are you on fixed or tiered plan with IB? If on fixed, switch to tiered.
     
  4. logis

    logis

    it will lower fees from 2.1 to 1.9.
    wondering is there is any better offer
     
  5. virtusa

    virtusa

    I don't agree.

    A trader who can trade 2000 contracts a month profitably, shows he knows how to trade.

    Has nothing to do with knowledge about how to get lower fees. I had the same problem long time ago. Had to find out about CME membership, lease or not lease a seat, find cheaper brokers....

    Chech this out, can safe you a lot of money (contact Optimus and ask them to explain you):
    https://www.cmegroup.com/company/membership/individual/cme.html#pricing

    https://optimusfutures.com/CME-Lease.php

    https://www.discounttrading.com/commission-rates.html
     
    Last edited: Jan 14, 2021
  6. How long do u hold per trade on average?
     
  7. logis

    logis

    intraday only
     
  8. virtusa

    virtusa

    I did not know that the average holding time has an impact on the commission. :D
     
  9. narafa

    narafa

    Check Tradestation, can go to $1.5 per contract per side (If you are eligible for their zero commission as a US customer/resident).
     
  10. logis

    logis

    thanks but i am not
     
    #10     Jan 14, 2021