Commission of futures

[CityTrader]

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

 

[TBS]

Is that per side or per round trip?

 

[CityTrader]

per side

 

[JonnyT]

Rather expensive!

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

JonnyT

 

[CityTrader]

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]

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]

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]

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]

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

 

[CityTrader]

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

 

[TBS]

25 years in the city and no clue of dealing costs? ?

 

[JonnyT]

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

 

[ZigZag]

Jonny T. Grateful for the reply .

 

[jordan1215]

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.