If that is true, then they are robbing peeps on the micros way beyond the inverse of the Robin Hood character.
Yes I saw that ... highway robbery. I think they probably just don't really want that business? I don't think they want any futures day traders. There is no intraday margin relief. And margins are now 125% of exchange initial margins on ES, NQ etc. I trade stocks and options at Think or Swim. I use ninjatrader brokerage for futures.
I swing trade SPY. Biggest reasons not to day trade it instead of futures is capital requirements and wash sale rule.That is my reasons. Maybe I am wrong?
Commissions on micros are generally terrible everywhere. The best I can see advertised from a discount broker is ~$1/side. I think IBKR gives about $1.10/side. The primary reason for this is they know it's mostly poor people trading micros and you must fuck the poor people as much as you can.
I think elitetrader sponsor AMP futures has round turn micros for $0.84/contract. Not per side. Round turn. That is with CQG data. I am with Ninjatrader. But more expensive. Over $1.00 roundturn I think. And Ninjatrader platform is $225/quarter if you want auto stop loss and profit target. I didn't know this when doing demo. I will probably open an account with AMP. Free Multicharts. With free bracket orders. Why not enable braket orders with platform? Very disappointed in Ninjatrader on this.
It various brokers/trading platforms have various restrictions. some don't allow you to create bracket orders. some don't allow you to place a stop order. etc