Hello everyone,

I have been researching Micro Bitcoin futures and it seems intriguing. It runs at 1/10th the size of normal bitcoin and has considerable volume.

I want to begin trading but the quotes for commission from various brokers is outrageous. One roundtrip per lot is $5, which means one needs to make a minimum of 10 ticks just to breakeven on a trade.

Can anyone recommend a broker that offers Micro Bitcoin futures for a reasonable price?

Thanks,

The exchanges fees for the Micro are half the full size at $2.50 which is $5 round turn alone! The brokers I have talked to are also charging a clearing fee half or higher that of the full size. Hence all-in commissions for the Micro are half (or higher) the full-size despite being 1/50th the size, making it at least 25x more expensive to trade. Hence round turn commissions for the Micro are $75+/per coin or 15 ticks! How people actively trade that I do not know. Rolling positions month to month will kill you.