Commission of futures

CityTrader

Established member
665 26
I've been swayed by all the eurostox talk on here and I'm setting up a futures account. The broker has quoted me Euro6 per lot for Eurostox - does this sound about right? ( this is for direct electronic access )

W
 

JonnyT

Senior member
2,560 22
Rather expensive!

www.interactivebrokers.com offer 2 euros per side and a good trading platform.

JonnyT
 

CityTrader

Established member
665 26
I must admit, at euro's 6 I was beginign to think spreadbettign would be cheaper. Euro's 2 sounds good. what do they charge for FTSE? and do they provide live prices?

Wayno
 

TBS

Well-known member
385 0
For direct electronic access you should be able to get a better deal than 12 round trip - as JT mentions IB would probably be ideal for this.
 

CityTrader

Established member
665 26
25 years in the City - I've never heard of Interactive Brokers - obviously cheap - are they reliable? efficient? clearing members members of all the relevant exchanges?
Just looked at their demo - they offer direct access to SETS? but I don't think they are a member firm of LSE? This implies they are rebadging soemone else paltform- along with inherent delays and complictations

Wayno
 

JonnyT

Senior member
2,560 22
Hi wayno,

Interactive Brokers just happen to be the biggest broker in the States...

The US financial authority recently stated they were also the most finacially stable.

FTSE futures are £1.70 per side.

JonnyT
 

ZigZag

Active member
123 0
Jonny T. Can you tell me what the spread is on I.B. for the FtSE100, DAX & Royal Bank Of Scotland (RBS) Thanks.
 

CityTrader

Established member
665 26
ZigZag- sure I'll be corrected- but just being brokers, it'll be the market touch?
 

JonnyT

Senior member
2,560 22
Hi Zig-Zag,

The spread is straight from the relevent exchange. For FTSE futures this varies between 0.5 and 2, for the S&P emini 0.25, for the Nasdaq emini 0.5 for the Dow mini generally 1.

JonnyT
 

jordan1215

Newbie
4 0
Commissions for EuroStoxx and Dax

Commissions for EuroStoxx and Dax I can make for only 4.76 all in Round-Turn. 6 per side seems a little high.
 
 
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