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CQG FCM commissions and fees
Updated December 19, 2019
CQG FCM commissions and fees
September 7th, 2014, 12:58 PM
London UK
Experience: Master
Platform: Sierra, NinjaTrader, Interactive Brokers, TradeStation
Trading: several
Posts: 18 since Sep 2014
Thanks Given: 5
Thanks Received: 6
Thanks Mike. I'm new here so did not know that there is a Tradestation sub forum.
Will be up to speed soon.
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
September 7th, 2014, 05:00 PM
Web: NinjaTrader AMA: Ask Me Anything Webinars: NinjaTrader Webinars Elite offer: Click here
Posts: 1,714 since May 2010
Thanks Given: 203
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oceanbreeze
Anyway, with the three moving parts of IB NT and IQFeed, has anyone had any problems, such a freeze ups, trades not going through to IB, etc?
Interactive Brokers was the first broker NinjaTrader was integrated to over ten years ago. It's battle tested with thousands of users who have come before you. If you only intend to use IQFeed to drive data into NinjaTrader, I would recommend using Kinetick - Streaming real time quotes and historical market data , it's 1/2 the price.
September 8th, 2014, 02:23 AM
London UK
Experience: Master
Platform: Sierra, NinjaTrader, Interactive Brokers, TradeStation
Trading: several
Posts: 18 since Sep 2014
Thanks Given: 5
Thanks Received: 6
IB/NT/IQFeed is my preferred set up because of the ATM chart trading.
September 19th, 2014, 04:11 AM
New York, NY
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
Trading: CL, GC, NQ
Posts: 601 since Nov 2010
Thanks Given: 2,039
Thanks Received: 258
oceanbreeze, curious if you don't mind updating us, who did you go with?
Also, anyone know if commissions at IB are negotiable to lower than their posted volume/fixed tiers?
August 26th, 2015, 12:54 PM
new york, new york
Experience: Advanced
Platform: thinkorswim(options PM) OEC, NT7, Jigsaw Tools (futures, Stocks, Options)
Broker: NT -CQG
Trading: Stocks, Options, Futures
Posts: 14 since Jan 2014
Thanks Given: 63
Thanks Received: 12
NT Brokerage
Unless you are using Rithmic, that would be another 25 cents here, 10 cents there.. you know how it goes.
December 18th, 2019, 08:20 PM
Anchor Alaska
Posts: 27 since Jun 2019
Thanks Given: 8
Thanks Received: 11
artemiso
@
oceanbreeze
From the tone of your post, you're probably already aware, but just sharing so others know because there are other numbers being advertised and I want to be fair to the users and other FCMs/IBs. The marginal cost for your
FCM to execute a retail order is zero above some very small threshold. After all, how many hours do you actually spend talking to your reps at the FCM/IB and how much counterparty risk are they taking up especially if you're executing via a tried-and-tested software provider, e.g.
CQG , TT etc.? This threshold is very small. So you have every right to shop around and not get fleeced.
As a non-member, I'd say you should expect no more than $2.82 per ES round trip all-in (including exchange, FCM commission and
NFA fee) i.e. $0.25 FCM commission up to 10,000
contracts per month. Let me know if you need specific names.
It's only when you shift from a retail account to a bulge-bracket bank's FCM group within that ($0, $0.25] interval when it gets expensive and the fees take longer to go down, because the multiple reps (credit/risk, onboarding, sales) assigned to you and the 2-4 people monitoring your positions actually each earn $250k to $1.2m all-in compensation per year, and you're actually, truly, not worth their business if you're not paying certain fees at minimum.
I know this is an old thread but curious myself, sent pm.
Last Updated on December 18, 2019