Ok, though May, I made 379 futures and futures options trades, earning $31,028 in profits -- but I also paid $1477 in commissions and then there are the yet-to-calculated NFA fees. Were talking like 5%, very approximately, scalped off my winnings. Is this a normal range? 1.50 a contract? I've come from equity options, and cant believe how much more commissions add up in futures and futures option. Am I missing something? Reasons? Tks.
It's true, you're not only fighting the market, but your broker as well. Negotiate the commissions down.
I wonder what an appropriate range is commissionsrofit? Or is that a false metric? I also wonder if a retail guy like me with a bit of cash can ask for in-kind, in some manner, subscriptions, office space (there is an branch office two blocks away from me.
Futures commissions vary greatly. IB charges 85 cents a side. Tradovate charges 79 cents a side and has much lower rates if you pay a monthly fee.. The IB Deep Discount Trading charges 50 cents a side, but you have to pay for a trading platform. If you do a large volume Advantage Futures starts at 99 cents a side, drops to 29 cents at 2,001 sides, 19 cents at 5,001 sides and 7 cents at 10,001 sides.
I'm leery of IB because they might add margin to SPAN; Tradeovate, I've never heard of and I'm leery to try small untested firms. But thanks.
You are looking a gift horse in the mouth. Would your equity option broker allow to trade as much NAV as you did with futures? There is always a trade-off.