Hello, People here always rave about IB's cheap commisison and wide offering. Their wide product offering and universal acount is unrivaled. Sadly, it seems the SIPC protection for futures via the universal account no longer exists. I always took for granted that their commisions and fes were cheap. However, closely looking at their website: http://www.interactivebrokers.com/en/p.php?f=commission I find that their futures commissions are quite high compared to what other futures brokers charge. $0.50 and less is now almost the default average for electronic traders whereas IB is charging 0.85 per contract plus steep carrying fees of $0.10 per day. They also charge Eurex order cancel/modify fees of $2.50. The website seems clear or am I missing something? If not, I cant see the value proposition of IB looking strictly at commissions. Please share your thoughts. Thank you.