Also with other brokers implicitely you pay for the platform but they call it brokerage (instead of unbundling the platform + brokerage fees)... Ok, I don't know about the CME instruments, but tells me who is offering an eCBOT ZB,ZN commission for much less than 3.55 rt 'all in' when you are retail trader with no minimum volume and you can use a well-known platform such as X_Trader.
If you do business where you have NO POSSIBILITY OF NEGOTIATION, regardless of volume or account size, then you're definately correct. Maybe noone PUBLISHES that deal, but that doesn't mean it isn't available. The truth is, if commissions and fees are of concern, you should check into brokerages where you can negotiate before settling. It's cut throat out there. As few as 8 contracts per day has negotiating power.
Ninja Demos available at: Mirus Futures -- good company, also uses Dorman I think: http://www.mirusfutures.com/ AMP Futures -- but they are essentially a one-man introducing broker for Dorman: http://www.ampfutures.com/ You could contact NinjaTrader to ask if there are any others.
Agree NinjaTrader is great and completely free in simulation. BracketTrader ($100 flat fee shareware) has essentially equivalent functionality, although it is strictly for IB and their feed has poorer performance. http://www.bracket-trader.com/features.html Uses very little screen real estate, but of course you need to get charting elsewhere, eg Sierra Charts for $17/mo. With Mirus acct/ZenFire feed/Ninja execution+charts you could have entire set-up for $50/mo., and with IB acct+feed/BracketTrader execution/Sierra charts you could have entire set-up for $100 flat + $17/mo. Either choice has $4.75-ish commissions and complete cutting-edge functions for trading futures. Either set-up good if not trading significant volume and can't negotiate. There are probably other possibilities out there too. I'd love to hear about them. If above set-ups are missing some component, I'd like to hear that, too.
Hi cm69 Are you sure for this? I'm in contact with GF in order to open an account using XT and they proposed to me $4.75 rt without additional costs.... Alternative proposal is $3.32 rt plus $700 per month..... Only for your info.... best,
Just for clarification: when I referred to BT earlier I meant ButtonTrader. It costs only a few 100's a year for a full license, lighter versions available. Please give that a try before deciding to pay $700 a month ! ! just to be allowed to trade. Can someone please explain what makes X-trader worth that incredible amount of money. I find it hard to take this serious. Djeez! Ursa..
There is no reason not to use BT with ib platform instead of spending 700 a month for some fancy platform that will not make you any extra money. This guy has no clue plus the ib rt on ym is on 4 bucks.
Hi Bernard, http://www.mirusfutures.com/ was already mentioned. I remember that vcapfutures were planning to offer it as well, not sure if it is enabled yet. redduke