Broker FDAX / FESX / ES

[shortbleu 10]

I 've looked around for a low commission broker for FDAX / FESX / ES. Mirus Futures seeem to have the lower commissions I found for a RT volume between 0-500:

 

FDAX: eur 2.63 RT

FESX: eur 2.25 RT

ES: usd 4.40 RT

 

Looks a lot better than IB who charges eur 4 RT for FDAX / FESX.

 

Has anyone found lower commission for a small volume?

[diablo272 10]

I'm not sure about FDAX and FESX, but I know for ES and the other US e-mini contracts, that is about as low as you are going to get starting out. You may be able to get 10 or 20 cents cheaper on the e-minis with another broker like Amp or OEC, but I don't know if they offer FDAX and FESX.

[shortbleu 10]

I had checked OEC, they are more expensive for all 3 contracts FDAX / FESX / ES

[ctrlbrk 10]

Amp and Mirus with Zen Fire both offer FESX, FDAX, ES and all major futures contracts. I think it is important you choose Zen Fire, not Trading Technologies, if you are using tick based data (tick, range, volume -- non-minute charts).

 

I've been with IQfeed, eSignal, IB, and I found the best combination so far is Amp+Zen Fire. I am using NinjaTrader so that did weigh into the decision, there might be better data providers for other platforms. There was a huge difference for me. The second best was IQfeed+IB.

 

Just keep in mind Amp/Zen is futures only, no stocks.

 

Mike

[momentom 10]

Issue I had with AMP was there is no one in the office until just before the US markets open. Is that still the case? DAX position and no one in the office was scary. Otherwise great service.

[ctrlbrk 10]

Issue I had with AMP was there is no one in the office until just before the US markets open. Is that still the case? DAX position and no one in the office was scary. Otherwise great service.

 

I never had a reason to call them so don't know. I've always dealt with Dan, he always did whatever I asked. The only issues I had were during my account creation phase, just working out some settings and logins and etc.

 

Mike

[bathrobe 10]

I have to recommend Mirus/Zen-Fire/Ninja Trader. I rarely have a problem, but if one arises my broker gets back to me in less than 5 minutes by email and always picks up phone.

[suarinver 10]

Hi:

 

I think that the best way to look for a broker, is spend some minutes here:

 

Eurex - Brokers

 

You will be surprised....

[uexkuell 10]

Eurex - Brokers

 

You will be surprised....

 

 

Could you please specify what interesting data you found / might be worth looking for (service, commissions..)?

[suarinver 10]

The interesting information are, for example, that AMP and Mirus are not a Eurex Broker....

 

Thank you.

[uexkuell 10]

The interesting information are, for example, that AMP and Mirus are not a Eurex Broker....

 

That is indeed quite interesting.

 

So what do you think this means?

 

Are they just simulating the trades somewhat like a CFD-shop?

[trader273 10]

That is indeed quite interesting.

 

So what do you think this means?

 

Are they just simulating the trades somewhat like a CFD-shop?

 

Mirus and AMP are IBs (introducing brokers) they clear through another company called an FCMs (Futures Commission Merchant). They are not "bucketing" your trades. They are actually executed on the exchange.

[SIMPLETRADES 10]

Mirus and AMP are IBs (introducing brokers) they clear through another company called an FCMs (Futures Commission Merchant). They are not "bucketing" your trades. They are actually executed on the exchange.

 

I prefer Infinity Futures. $4 round trip plus exchange fees comes to $6.30 per contract. On the FESX its actually 6.30 Euros too.

 

Ask for Pat. Better margin than Mirus too

[bathrobe 10]

I prefer Infinity Futures. $4 round trip plus exchange fees comes to $6.30 per contract. On the FESX its actually 6.30 Euros too.

 

Ask for Pat. Better margin than Mirus too

 

Margin and commission at Mirus and Infinity are based on account size and number of trades executed in a month.

[SIMPLETRADES 10]

Margin and commission at Mirus and Infinity are based on account size and number of trades executed in a month.

 

Cant speak for Mirus--I only had a short phone call looking to find feed to replace transact with multicharts but I know Infinity doesnt discriminate against small accts. I 've always been a very small acct and pay 6.30 incl exchange fees. If you're right then it would be cheaper if my acct gets larger and they'd be beating other brokers by more.

[BlowFish 10]

Mind you 6.30 is kinda expensive (if that is one of your main criteria)

[SIMPLETRADES 10]

Mind you 6.30 is kinda expensive (if that is one of your main criteria)

 

its $4 plus 2.30 exchange fees. Mirus I thought was 4.40 plus fees but the ES margin was 843 and the FESX was either 1575 or 2100 vs 500 each with Infinity.

[bathrobe 10]

its $4 plus 2.30 exchange fees. Mirus I thought was 4.40 plus fees but the ES margin was 843 and the FESX was either 1575 or 2100 vs 500 each with Infinity.

 

Mirus ES margin is $500

[SIMPLETRADES 10]

Mirus ES margin is $500

 

youre right. atcbrokers was 843. and mirus fesx might be 1100 if i got them confused--but whether its 1100 or 1575 or 2100 for fesx, infinity at 500 blows them away.

[Tams 20]

I use 10x overnight margin for daytrade. LOL

[SIMPLETRADES 10]

I use 10x overnight margin for daytrade. LOL

 

that doesnt make sense--if the overnite cme requirement is 5000 or whatever thats going in the wrong direction.

that sounds more like a securities trade than the futures.