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Updated March 22, 2023
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March 22nd, 2018, 02:09 AM
Budapest, Hungary
Experience: Advanced
Platform: Windows 95
Trading: YM
Posts: 286 since Feb 2013
Thanks Given: 72
Thanks Received: 108
Scalpguy
I have not tried $300 margins so I cannot say is that an error or what BUT with "normal" $500 margins you pay what the given link tells to you.
For example with the FlatRate/
CQG /SierraChart combiantion it is $3.56 per RT.
PLUS exchange, clearing, NFA and CQG fees which is another 3.56 USD (by chance).
So you are paying over 7 USD / RT in total.
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
March 22nd, 2018, 02:09 AM
Helsinki, Finland
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES, CL
Posts: 206 since Jul 2010
Thanks Given: 17
Thanks Received: 166
Yuri57
PLUS exchange, clearing,
NFA and
CQG fees which is another
3.56 USD (by chance).
So you are paying
over 7 USD / RT in total.
That is not correct.
It takes nothing to be a Pig
March 22nd, 2018, 02:11 AM
Budapest, Hungary
Experience: Advanced
Platform: Windows 95
Trading: YM
Posts: 286 since Feb 2013
Thanks Given: 72
Thanks Received: 108
Scalpguy
Prove me wrong, I have attached my statement!
March 22nd, 2018, 02:16 AM
Helsinki, Finland
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES, CL
Posts: 206 since Jul 2010
Thanks Given: 17
Thanks Received: 166
Yuri57
Prove me wrong, I have attached my statement!
I have tons of reports which are exactly the same as that link is telling for me.
If your report is not cooked then you have an error in it which should be reported and they will fix it.
Until the $300 margin is the reason... I have no experience with that. Which I doubt.
It takes nothing to be a Pig
March 22nd, 2018, 02:23 AM
Budapest, Hungary
Experience: Advanced
Platform: Windows 95
Trading: YM
Posts: 286 since Feb 2013
Thanks Given: 72
Thanks Received: 108
Scalpguy
I have tons of reports which are exactly the same as that link is telling for me.
If your report is not cooked then you have an error in it which should be reported and they will fix it.
Until the $300 margin is the reason... I have no experience with that. Which I doubt.
So you are positive that what is in the tables (AMP website) are the fees which include EVERY volume related fee?
Why on Earth would they charge you 3-times as much with 300 margins??
March 22nd, 2018, 02:26 AM
Helsinki, Finland
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES, CL
Posts: 206 since Jul 2010
Thanks Given: 17
Thanks Received: 166
Yuri57
So you are positive that what is in the tables (AMP website) are the fees which include EVERY volume related fee?
100% sure. I have 7 years of proof. Hundreds (thousands?) of reports. All checked. All matching with the price lists they show me in their web service.
Yuri57
Why on Earth would they charge you 3-times as much with 300 margins??
This is why I said "I doubt".
As said it is an error or the report is cooked.
btw. So you did not ask them ?
---
During my 7 years of AMP career I have had 2 errors in my reports. Reported and corrected soon after in the next report. So whats the problem ?!
btw2. That Windows95 is hilarious
It takes nothing to be a Pig
March 22nd, 2018, 04:09 AM
Budapest, Hungary
Experience: Advanced
Platform: Windows 95
Trading: YM
Posts: 286 since Feb 2013
Thanks Given: 72
Thanks Received: 108
Scalpguy
100% sure. I have 7 years of proof. Hundreds (thousands?) of reports. All checked. All matching with the price lists they show me in their web service.
This is why I said "I doubt".
As said it is an error or the report is cooked.
btw. So you did not ask them ?
---
During my 7 years of AMP career I have had 2 errors in my reports. Reported and corrected soon after in the next report. So whats the problem ?!
btw2. That Windows95 is hilarious
It's not an error, this is what their site states:
"TERMS AND CONDITIONS FOR $300 MARGINS: In order to day trade the E-Mini S&P, E-Mini NASDAQ and Mini Dow Jones contracts with the $300 margins, the customer must agree to commissions for all contracts on electronic markets to be set at $3.00 per side. Client is still responsible for all clearing, exchange, regulatory, subscription, platform and/or data fees."
I just never thought there would be a 3x difference in overall commission with the smaller margin, never would have asked for it.
Anyway, lesson learned, thanks for the info! :-)
March 22nd, 2018, 04:27 AM
Helsinki, Finland
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES, CL
Posts: 206 since Jul 2010
Thanks Given: 17
Thanks Received: 166
Yuri57
It's not an error, this is what their site states:
"TERMS AND CONDITIONS FOR $300 MARGINS: In order to day trade the E-Mini S&P, E-Mini
NASDAQ and Mini Dow Jones
contracts with the $300 margins, the customer must agree to commissions for all contracts on electronic markets to be set at $3.00 per side. Client is still responsible for all clearing, exchange, regulatory, subscription, platform and/or data fees."
I just never thought there would be a 3x difference in overall commission with the smaller margin, never would have asked for it.
Anyway, lesson learned, thanks for the info! :-)
I see. So you have to pay something for the 40% discount in margin
It takes nothing to be a Pig
March 22nd, 2018, 04:39 AM
Budapest, Hungary
Experience: Advanced
Platform: Windows 95
Trading: YM
Posts: 286 since Feb 2013
Thanks Given: 72
Thanks Received: 108
Scalpguy
I see. So you have to pay something for the 40% discount in margin
I don't see who benefits from these conditions other than AMP. :-)
March 22nd, 2018, 07:32 AM
Helsinki, Finland
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES, CL
Posts: 206 since Jul 2010
Thanks Given: 17
Thanks Received: 166
Yuri57
I don't see who benefits from these conditions other than AMP. :-)
Intraday swing Trader. He/she can do 40% more by the same equity.
Anyway in terms of efficiency (= daily movement, depth, tick size and commissions) YM is allmost the worst vehicle to do intra
It takes nothing to be a Pig
Last Updated on March 22, 2023