Looking for the cheapest DAX, EUROSTOXX 50 broker?

Discussion in 'Index Futures' started by herringtrader, Mar 30, 2006.

  1. 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?
     
  2. Steve_IB

    Steve_IB Interactive Brokers

    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
     
  3. 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?
     
  4. Steve_IB

    Steve_IB Interactive Brokers

    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
     
  5. 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?
     
  6. Steve_IB

    Steve_IB Interactive Brokers

    Yes, in most cases an active daytrader would be better off with the unbundled rate.
     
  7. twinx

    twinx

    @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?
     
  8. ids

    ids Interactive Brokers

    It looks like there are no reasons for a DAY TRADER to chose the bundled rate if ONLY EUREX futures are involved.
     
  9. katesdp

    katesdp

    Bundled vs Unbundled = Volume requirements
     
  10. 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 :cool:
     
    #10     Apr 9, 2006