Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

shortbleu

Broker FDAX / FESX / ES

Recommended Posts

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?

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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?

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ELV Elevance Health stock, watch for an upside gap breakout at https://stockconsultant.com/?ELV
    • ORLY OReilly Automotive stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?ORLY
    • Date: 28th March 2025.   Market Selloff Deepens as Tariff Concerns Weigh on Investors     Global stock markets extended their losing streak for a third day as concerns over looming US tariffs and an escalating trade war dampened investor sentiment. The flight to safety saw gold prices surge to a record high, underscoring growing risk aversion. Stock Selloff Intensifies The MSCI World Index recorded its longest losing streak in a month, while Asian equities saw their sharpest decline since late February. US and European stock futures also signalled potential weakness, while cryptocurrency markets retreated and bond yields edged lower. Investors are scaling back their exposure ahead of President Donald Trump’s expected announcement of ‘reciprocal tariffs’ on April 2. His latest move to impose a 25% levy on all foreign-made automobiles has sparked fresh concerns over inflation and economic growth, prompting traders to reassess their strategies. Investor Strategies Shift Market experts are adjusting their portfolios in anticipation of heightened volatility. ‘It’s impossible to predict Trump’s next move,’ said Xin-Yao Ng of Aberdeen Investments. ‘Our focus is on companies that are less vulnerable to tariff policies while taking advantage of market dips to find value opportunities.’ Yield Curve Signals Economic Concerns In the bond market, the spread between 30-year and 5-year US Treasury yields widened to its highest level since early 2022. Investors are bracing for potential Federal Reserve rate cuts if economic growth slows further. Long-term Treasury yields hit a one-month peak as inflation risks tied to tariffs spurred demand for higher-yielding assets. Boston Fed President Susan Collins noted that while tariffs may contribute to short-term price increases, their long-term effects remain uncertain. Gold Hits Record High as Safe-Haven Demand Rises Amid market turbulence, gold prices soared 0.7% on Friday, reaching an all-time high of $3,077.60 per ounce. Major banks have raised their price targets for the precious metal, with Goldman Sachs now forecasting gold to hit $3,300 per ounce by year-end. Looking Ahead As investors digest economic data showing US growth acceleration in Q4, attention will turn to Friday’s release of the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation measure. This data will be critical in shaping expectations for future Fed policy moves. With markets on edge and trade tensions escalating, investors will closely monitor upcoming developments, particularly Trump’s tariff announcement next week, which could further dictate market direction.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.
    • The ewallets can be instant withdrawals like skrill etc or they can also pay through crypto but not tested their crypto withdrawals so far.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.