Looking to open a futures account as TDA futures transx costs are ridiculous. Looking for suggestions given the following requirements/preferences, thanks. Instruments: just ES/MES/NQ/MNQ, don't need anything else Transaction frequency: 5-10 round trip trades per week Maintenance fees: preferably zero or very low cost Transaction fees: low cost, but doesn't need to be ultra low cost API access: strongly preferred as I eventually want to run this on a VPS on AWS or similar Platform: not required if I can connect to broker via Quantower Mobile app: would be helpful, but not an absolute requirement LTA availability: eventually want to open accounts for family members, so I'd need limited trading authorization, which I assume every broker is set up for Not sure what else I should be looking for. Thanks for any suggestions.
Advantage Futures with as low as 7 cent per contract for commission. They have also very good infrastructure and can help you with your setup.
I don't think anyone can beat AMP futures when it comes to overall fees. Just don't expect any hand holding from them. https://portal.ampclearing.com/account/commissionquote.aspx
But one of his requirements is API access, and I don't believe AMP offers that directly. But I guess you could hook into a CQG API as they offer them asa data feed choice.
Amp supports CQG, Rithmic, and Trading Technologies APIs. https://www.ampfutures.com/trading-platform/cqg-api https://www.ampfutures.com/trading-platform/rithmic-r-api https://www.ampfutures.com/trading-platform/trading-technologies-tt-api
Your're right. Here's the correct fee for CQG/Quantower for those with less than $10k initial deposit. (I've also attached NinjaTrader and Interactive Brokers for comparison). In passing, I should mention that real thieves aren't necessarily the brokers but CME (the exchange), who keeps raising the damn fee just about every year.
And I would add that, if you happen to use Sierra Chart and SC's Denali data feed, all-in cost would be the same as Volume Tiered/TT-Trading Technologies.
Well, the OP specifically mentioned that he plans on running Quantower on a VPS. Anyway, that's good to know. How much are you currently paying monthly for the entire SC/Denali package?