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Best Broker for Oil

This is a discussion on Best Broker for Oil within the Energy forums, part of the Commodities category; Hey guys, which broker do you think is best for oil trading? I have been offered 8$/contract commission by my ...

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Old May 15, 2009, 6:59am   #1
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Best Broker for Oil
Hey guys, which broker do you think is best for oil trading? I have been offered 8$/contract commission by my bank but i think that is way too much. How much is a reasonable amount to pay for commisions?
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Old May 30, 2009, 6:04pm   #2
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Try Open E Cry, fast and reliable.
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Old Aug 6, 2009, 11:25am   #3
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iaroslav,

We offer Oil for 1.53 - 3.21 per contract (range is due to platform selection and volume).

Best regards,
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Old Aug 6, 2009, 6:18pm   #4
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Surely the commission is only part of the story? What about the spread? If the commission is $10 a contract with a spread of 1 cent (often the case with FXPro) that's better than free with a 3 pip spread. Standard spread is around 5 cents so the spread is a far bigger issue than commision.
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Old Aug 6, 2009, 8:16pm   #5
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Quote:
Originally Posted by £10kLoser View Post
Surely the commission is only part of the story? What about the spread? If the commission is $10 a contract with a spread of 1 cent (often the case with FXPro) that's better than free with a 3 pip spread. Standard spread is around 5 cents so the spread is a far bigger issue than commision.


10k,

Their talking direct access futures where you can bid/offer inside the spread
and therefore sometimes avoid paying a spread and just paying a round
turn commission eg $5.


Ged
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Old Aug 7, 2009, 1:14am   #6
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Old Aug 7, 2009, 5:23am   #7
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Do you have a clearing account at an FCM and just looking for execution? or do you need clearing services too?
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