lowest commision on ES please

Talk to Howard at deepdiscounttrading.com. The way he explained it to me, it seemed like he uses a simple scale for all people that trade through him. The scale he emailed me was:

Level 1 : 0 - 999 RTs = .50¢ per side (on all your trades)
Level 2 : 0 - 1000+ RTs = .45¢ per side (on all your trades)
Level 3 : 0 - 2000+ RTs = .40¢ per side (on all your trades)
Level 4 : 0 - 3000+ RTs = .35¢ per side (on all your trades)
Level 5 : 0 - 4000+ RTs = .30¢ per side (on all your trades)
Level 6 : 0 - 5000+ RTs = .25¢ per side (on all your trades)
Level 7 : 0 - 6000+ RTs = .20¢ per side (on all your trades)
Level 8 : 0 - 7000+ RTs or more = Negotiable

I'm not sure how low you could negotiate with 10k round turns, but I assume 30 cents should be achievable. Again, that was an example he sent me, and I'm assuming it is still in effect. Email him and see what you can get.

 

Plus DeepDiscount is a top front end for a good FCM. They START where others need negotiation

 

thanks I will contact him. I wont bother contacting Mirus - looks retail to me.

 

looks like leasing a seat could be a good option, 10,000 volume per month

exchange fees 27.5c per side.
commission 10c per side
software 10c per side.
TOTAL = 47.5c per side
Round Trip = 95c

Cost of Seat Lease around $600 pm.

so it seems it is perfectly possible to get an all in RT of $1.

 

kid quit spazzing, if youre going to be rowdy do your own es homework

 

hokey cokey

Deep Discount just got back to me.

10,000 volume per month best option would be:

exchange fees 27.5c per side. (lease a seat qualify for 23.5c exchange discount on 10,000 pm volume)
commission 15c per side

TOTAL = 42.5c per side

ALL IN RT cost = 85c

Cost of Seat Lease around $600 pm.
Cost of CQG software $395 pm. (no round trip cost)

I had no idea it could be such a good deal.

I wont wait for an apology from Mr psycho poster as clearly looking for $1 RT was idiotic lolololol.

 

How do you figure your math on the exchange fees?
http://www.cmegroup.com/company/files/CME_Fee_Schedule.pdf

 

never mind per side...

 

row2 in 1st 2 tables lessees. 21c + 25c = 46c

note 9 on page 2 - 18.5c volume discount for 151-1500 average daily volume.

(10,000 per month is roughly 500 average daily volume)

46c - 18.5c = 27.5c

if you do more than 1500 average daily volume you qualify for 22.5c discount hence total RT would be 8c less = 78c TOTAL all in.

scalping for a tick here and there becomes very doable with sub $1 RT's.

 

Conrats for digging through to get a good comm. rate. However, unlike stocks, you won't be able to buy bid and sell offer on ES. Its took thick and works on FIFO, so you will get filled only when price crosses through. Hope it helps.