Comissions

Hi all,

I could / should probably ask a broker but would rather get your experienced / unbiased / knowledgeable comments.

Currently I am paper trading ES emini sp500 on a sim account using ninjatrader with zen-fire data feed. (I may/may not go for that combo if I go live - sim is pretty good!).

I have looked at zen-fires web page and put into my sim what they charge for a turnaround contract which they quote as around $4.40 for ES e-mini sp500.

So each buy order that gets processed appears in sim as $2.20 and each sell $2.20.

But while I am trading I am puting on a whole load of other orders and then cancelling them as the trade developes eg. target orders in the form of limit orders/stoplimit orders/stoploss orders.

If I go live, will there be a charge for these, or do brokers only charge for executed orders?

Some exchanges charge you for changing your order 2 often.
You also get credits for orders executed.
Read on the exchange websites also ask your broker.

Baldur

ofurbaldur said:

Some exchanges charge you for changing your order 2 often.
You also get credits for orders executed.
Read on the exchange websites also ask your broker.

Baldur

Click to expand...

I'm pretty sure these fill ratios mainly apply to auto spreaders/black box systems etc... which do put a bit of strain on networks/servers if they're constantly entering & pulling new bids/offers rapidly.