NexusFi: Find Your Edge

Home Menu


Commissions for e-minis are eating my profits

Discussion in Brokers

      Top Posters
    1. looks_one hdrobi with 4 posts (0 thanks)
    2. looks_two matthew28 with 2 posts (1 thanks)
    3. looks_3 chipwitch with 2 posts (2 thanks)
    4. looks_4 Markus with 1 posts (2 thanks)
      Best Posters
    1. looks_one erwinbeckers with 4 thanks per post
    2. looks_two Markus with 2 thanks per post
    3. looks_3 chipwitch with 1 thanks per post
    4. looks_4 Keab with 1 thanks per post
    1. trending_up 4,999 views
    2. thumb_up 11 thanks given
    3. group 8 followers
    1. forum 11 posts
    2. attach_file 0 attachments

Search this Thread

Commissions for e-minis are eating my profits

  #11 (permalink)
Mannheim Germany
Experience: Intermediate
Platform: IB/Prorealtime
Broker: Interactive Brokers
Trading: Micro NASDAQ
Posts: 5 since Oct 2019
Thanks Given: 0
Thanks Received: 0

Now I got the surprise that 80% from the original amount was eaten not only from commissions but also from Taxes.

What an idiot! I couldn't believe that for every transaction, FxFlat is taking a part from "Kapitalertragsteuer" (Tax) directly.

I was thinking that ~25% of the traded amount has to be reserved for taxes.

But it seems more than that!

I have an other account with IB and I am afraid to get a similar tax requirement after a year of activity.

I think, I will concentrate on my IT-company. Living from trading is onla an utopy, at least in Germany...

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
MC PL editor upgrade
Legends Trading: Ask Me Anything (AMA) w/Greg Khojikian CEO
Trading Reviews and Vendors
Zombie Indicator Help
Quantum physics & Trading dynamics
The Elite Circle
MC Advanced Simulated Trading.
Best Threads (Most Thanked)
in the last 7 days on NexusFi experience and review
28 thanks
System Performance Stats Comparison
13 thanks
GFIs1 1 DAX trade per day journal
10 thanks
Spoo-nalysis ES e-mini futures S&P 500
8 thanks
Trading with Intuition
6 thanks
  #12 (permalink)
London UK
Experience: Intermediate
Platform: SierraChart/Prorealtime
Broker: Sierra Chart/prorealtime
Trading: SandP futures
Posts: 511 since Jul 2013
Thanks Given: 123
Thanks Received: 316

It all comes down to one thing really-how many ticks are you targeting?
And if it's just a couple then the next question is "can I scale up to a full contract?"
If you're trading micros then yes you're going to get nailed.
This drops away with a full contract, same with Es-$5 a full point jumps up to 50. Not sure the difference on Nasdaq but if you work out the percentages then I'm sure you'll get a happy surprise
Micros are only really for practise IMO
Edit-sorry I meant that Micros are only really for practise if scalping for just a few ticks. If you're averaging 20-30 ticks profit then they're certainly more than handy.

Reply With Quote
Thanked by:

Last Updated on September 11, 2022

© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts