Hello, I am looking for the cheapest broker for trading the DAX and the DJ EURO STOXX 50. The best deal I have found so far is with PROACTIVEFUTURES. I plan to trade only 3-5 contracts per day. 0-350 contracts per month, including all exchange, clearing and NFA fees DAX: $3.6 round turn DJ EURO STOXX 50: $3.2 round turn Does anyone know a broker who beats these prices?
Assuming you're not holding overnight positions, then with IB for the first 300 contracts in a month you'll pay: DAX: Eur 3.02 r/t ESTX50: Eur 2.62 r/t
I plan to trade around 80 contracts per month and I will never hold overnight, only daytrade. I found the following information on the Interactive brokers website: DAX round turn: 4 EUR EUROSTOXX 50 round turn: 4 EUR Do I misunderstand something?
Yes. That's our bundled commission. If you are daytrading then you should check out the unbundled rates. http://www.interactivebrokers.com/en/accounts/fees/futuresPricing2.php?ib_entity=llc
Thanks very much! IB has about the same commissions than PROACTIVEFUTURES. Just a final question! I looked at the bundled and unbundled commission comparison table and it seemed that the unbundled was always cheaper. Why would a daytrader choose the bundled commission?
@Steve_IB this is no answer to the question! I am requesting, because i had the same question like herringtrader: ...Why would a daytrader choose the bundled commission? Please can you give a case, where the bundled commission is the better choice?
It looks like there are no reasons for a DAY TRADER to chose the bundled rate if ONLY EUREX futures are involved.
I just started trading the Bund, my volume is low, but I have a pretty good rate, I am using Strategy Runner, my rate is below 3⬠round turn, no quotas NQS