Cost of a Roundturn?

[ceel 10]

Hallo, I´m am planning a new strategy with a orderbook. There is one thing in my mind, it is a irrefutable argument, the costs of a roundturn. Have anybody here a answer. How much paid a institutional Trader for a roundturn?

 

 

Many regards

ceel

 

p.s.

Soory for my bad english.

[trade4dough08 10]

$4.80 USD per round turn plus exchange fees

[ceel 10]

Hi, trade4doug,

 

you are kidding me. For $4.80 I bring the order on foot to exchange. Now I have self researched and at IB is it possible to get roundturn up to $0.30.

But I don´t think that is the last word.

[ZenMachine 10]

Ceel,

 

Would you mind sharing how?

I thought IB would charge around $4.30 for futures for ex.

[firewalker 10]

Ceel,

 

Would you mind sharing how?

I thought IB would charge around $4.30 for futures for ex.

 

You can check out commissions, fees and other costs at their website:

 

http://www.interactivebrokers.com/en/accounts/fees/commission.php?ib_entity=uk

 

Futures are around 4.80$/roundtrip, but stocks are lot less (which is probably what ceel is talking about).

[ceel 10]

Hallo ZenMaschine,

 

I work with Eurex-contracts and big players make a lot of trades. They have a discount on their charge by IB. If your tradevolume is bigger than 20000 halfturns than your charge is only $0,25. As a privat trader with a small stake I think you have no chance against the big player. Therefore my idea to develop a orderbook-system makes no sense.

 

Many regards

ceel

[mookie9920 10]

4.50 RT everything included

[ZenMachine 10]

Slightly changing the topic and now I'm asking about Forex -

IB charges minimum of $2.50 per order. They treat modified orders as cancel/new orders so each modified order costs the same.

 

Whereas in Japan, some brokers seem to charge NO commision. On top of it, their spread seem to be very small, maximum leverage is 200-500x, and minimum starting account is abou $50 - $100.

 

I haven't really looked into these brokers, but it seems that it's a lot easier in Japan to start forex trading and keep the cost low.

Does anyone have any experience with these brokers? I wonder if they allow overseas traders to have accounts with them?

[ZenMachine 10]

Does anyone have any experience with Japanese forex brokers?

 

Some of them seem to very low cost - low spread and NO commision (depending on the volume). On top of it, their minimum starting account is $50 to $100, with leverage of 200x to 500x.

[rigel 10]

does anyone have experience with mirusfutures.

[diablo272 10]

I've been with Mirus for almost six months now and I have no complaints. I've never had any problems so I can't comment on their customer service or trade desk, but so far I'm quite content with Mirus.