NexusFi: Find Your Edge


Home Menu

 





Interactive Broker - Cryptos with low transaction fees


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one nothingbutprofits with 7 posts (5 thanks)
    2. looks_two Antares66 with 2 posts (0 thanks)
    3. looks_3 fernlicht with 1 posts (0 thanks)
    4. looks_4 SMCJB with 1 posts (1 thanks)
    1. trending_up 2,852 views
    2. thumb_up 6 thanks given
    3. group 8 followers
    1. forum 11 posts
    2. attach_file 1 attachments




 
Search this Thread

Interactive Broker - Cryptos with low transaction fees

  #11 (permalink)
 
nothingbutprofits's Avatar
 nothingbutprofits 
rochester new york/USA
 
Experience: Advanced
Platform: ThinkOrSwim & NT
Broker: NT, TOS
Trading: ES NQ RTY CL NG
Posts: 78 since Feb 2021
Thanks Given: 245
Thanks Received: 48


vstolyarov View Post
note that its like paypal third party broker there... u wont be able to short cryptos... i recently enabled that crypto trading feature in ibkr and still got to test things

Im waiting for my IBKR account to be approved first - will post details here (pictures) soon once after I have my IBKR account running first.

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Trade idea based off three indicators.
Traders Hideout
Better Renko Gaps
The Elite Circle
About a successful futures trader who didnt know anythin …
Psychology and Money Management
Cheap historycal L1 data for stocks
Stocks and ETFs
Quantum physics & Trading dynamics
The Elite Circle
 
  #12 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207


nothingbutprofits View Post
I have MBT and BTCUSD on my charts for a while. they are different.

- MBT has much smaller future contract volume than BTCUSD.
- BTCUSD - 24 hours trading
- MBT - Trading hours is based on CME trading schedule https://www.cmegroup.com/markets/cryptocurrencies/bitcoin/micro-bitcoin.contractSpecs.html
- MBT has the leverage due to future/margin compared to BTCUSD (straight "cash" coin) - unless you use other crypto exchanges that have 3x-100x leverage.

Hope it helps.

For added clarity on the futures
MBT is the CME "MIcro" Future. Contract size is 0.1 coin (so about 4.8k) and I believe the current margin requirement is 42% of notional (so about 2k), meaning you get 138% leverage.
The CME full size contract is BTC. Contract size is 5 coins (so about 240k) and I believe the current margin requirement is 42% of notional (so about 100k !!!), meaning you get 138% leverage.
ICE also have a futures contract BTM. Contract size is 1 coin (so about 48k) and I believe the current margin requirement is 37% of notional (so about 18k), meaning you get 170% leverage.

Reply With Quote
Thanked by:




Last Updated on October 2, 2021


© 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