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Date/Time: Sat, 27 Apr 2024 02:18:36 +0000

Post From: Question: AMP Transaction Fees, TT versus CQG.

[2020-01-19 00:05:54] Link To Thread - Link To Post [Go To First Post]
seandunaway - Posts: 213
It's very common for a broker to charge an additional "clearing fee" or "brokerage fee" in addition to their commission fee. This is additional profit for the broker and a result of brokers in a race to advertise the lowest commission. The reality is they just split their true commission into two fees. This additional fee can almost always be negotiated out, depending on your trading and risk activity. Yes, their FCM will charge them literally a couple pennies for clearing, but that can be covered out of their commission. CQG does not inherently have this additional clearing or brokerage fee. Any exchange non-member, with a new account, with the minimum deposit requirement, should near effortlessly be able to achieve an /ES trade for: $1.18 exchange (increases by $0.05 in 2/2020, by the way) $0.02 NFA $0.49 - $0.50 commission (volume discounts typically available, negotiable) $0.10 CQG routing fee (only $0.05 CQG routing fee if using FIX) for $1.79 per side or $3.58 per round turn expense all in. Alas, perhaps TT is more expensive to the FCM and that is being passed on to the broker and ultimately, the customer. Date Time Of Last Edit: 2020-01-19 00:39:29