Tradovate with their monthly commission free membership ($349/month) seems to be the cheapest futures broker. Any other futures brokers out there that offer this?
Getting greedy. I can recall when they were $199/mo. More difficult to justify their fee now.. with the volume in the indices having fallen off substantially.
Hard to imagine. Sure, a broker can discount/waive commissions... but what about exchange fees?... the larger of the costs. With Tradeovate, and their $349/mo fee... you don't save a dime until you exceed 700 contracts in a month. IOW... you pay for 700 round turns whether you do that many or not.
I dunno, haven't taken a survey... but I doubt many ET'ers average 35 round trips per day... and that's just the break-even cost at Tradeovate.
hi gentlemen … just honest opinion ..veteran trader, trying to comeback .. which is the best broker so far intern futures and stock … without any headache … thinking about trade station ..any opinion I will really applicate it … thx in advance