Could anyone recommend me some discount broker that really works? I'm going to trade non-electronic US futures like CME meats. I tried 5perside, but these guys were opening an account for me for a month and then just stopped replying. I can open an account with Man and pay $15 roundturn right now, but would prefer to find some IB to pay $10 - Man's MTrade is same at any IB.
http://proactivefutures.com/index.html http://www.dtfutures.com/ http://www.eminilocal.com/ I recently moved to eminilocal. Don't let the name deter you... from time to time I trade the softs with a very decent all-in RT commish, and fills as good as it gets. Good luck
I trade physical commodities at www.xpresstrade.com They are always very quick to respond to any questions. And they offer the largest global commodity product lineup of any online broker I have ever seen. Traderaaa
In fact I already contacted Xpresstrade. They said I would be charged around $24 if I trade 1-lot Feeder Cattle round-turn - the highest commission I ever heard of. So far I can trade at Man Financial for $15 flat all-in roundturn, but looking for $10.
www.5perside.com Best commissions, good fills, horrible customer service. You can't trade with them if you are new to pit traded futures.
Xpresstrade website states that the pit traded futures are $9.50 per side so they forget the fees etc etc but still I do not see $24 RT or maybe cattle fees are high? I like 5 dollar guys via Man...the software is Man's so you never really need to deal with them unless there is a crisis..... I trade spreads and hence one spread for me would be ~$20 rt (2 contracts) I can't pay $20-25 RT 2 x cause it will eat into my profits... the vig is a killer