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Direct MessagesDate/Time: Mon, 06 May 2024 04:01:14 +0000
Post From: Recommend a broker for futures trading
| [2022-06-21 12:22:12] |
| Stage 5 Trading - Posts: 152 |
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Hi Traders, Sorry for the delay. We had a holiday yesterday and I was out of the office. That is correct, as long as the name and tax ID match from the IB account to the Stage 5 Trading account, you will be able to send funds directly from IB to Stage 5. I believe this is one of the easiest ways to fund your account. I have been thinking to open an account with Stage 5 since last year. I actually have exchanged some emails with Michael Henderson about it and maybe the time is coming soon. - GREAT! We would love to have you! If you don't mind, I would take the opportunity to ask you some questions: Of course, ask as many questions as you have so we can help you with your next steps as much as possible! and $0.45 commissions on non micros plus exchange and regulatory fees. 1- Could you please inform exactly how much the total amount a NQ Futures contract would cost, including the current exchange and regulatory fees? $0.45 Clearing/Commission + $1.30 Exchange & NFA Fee = $1.75 per side & $3.50 per round turn ALL IN. 2- I remember when I asked Michael 1 year ago there was also a 0.10 cents fee per side for the order routing, charged by Sierra. Does this still apply with Teton? This charge no longer applies with Sierra Teton Order Routing! 3- I understand the margin can change each day but could you please give me an idea how much money will I need to have in an account with Stage 5 to be able to trade 10 NQ Futures contracts, considering the current margin these days? I would recommend funding with an amount you feel comfortable as risk capital. With that being said, you can trade 10 NQ with as little as $10,000 or $1,000 per contract. Personally, I would fund with 15 - 20k to trade 10 NQ, but it is certainly based on your individual risk tolerance. 4- I am an European citizen and live in Portugal. I currently have a trading account with IBIE (IB Ireland). Do you know if I can wire transfer funds directly from my IB account to Stage 5 (FCM)? Yes, you can! Or will I have to transfer to my bank account first and then from my bank account to Stage 5 (FCM)? Transfer directly from IB would be my recommendation I hope this helps. Please let me know if you have any questions or we can assist with anything further. Thank you and have a great day! Anthony Giacomin Stage 5 Trading Trading derivatives carries a high degree of risk, and may not be suitable for all investors. Past performance is not necessarily indicative of future results. |