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I'm puzzled by TS commissions structure they don't seem to be very transparent about it at least to new traders or compared to Ninjatrader all-in rates table on pdf!
I thought I'm only one but turned out that even BENZINGA wrote about it 2 years ago!!
I had short chat with online support staff about their commissions and he wrote $1.5 per contract, per side.. when asked him what does per side mean he said per open per close then through me a link (running away sign) 😅 then he is gone.
I opened their link I read it reread it and still confused it has nothing related to my enquiry.
so please if anyone figure out their final all-in commission tell me and also does per side mean per bar open-close or per position open-close? are there hidden fees I need to be aware of? are their entire futures have same rate $1.5 per contract/per side?
looking forward to hear an answer to this mysterious hidden commissions 😂
Can you help answer these questions from other members on NexusFi?
Don't know why it is referred to per side (has been that way for decades) basically it means side is each half of a trade: long + long exit or short + buy to cover = 2 sides of a complete trade.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,081 since Dec 2013
Thanks Given: 4,427
Thanks Received: 10,266
The 'Broker / FCM / Software / Data Fees' allows brokers a lot of flexibility. Brokers like Tradestation (and Interactive Brokers) have different commissions structures depending upon on your needs. My primary broker Advantage Futures has a commission calculator on their website which gives an estimate of what they would charge based upon your volume. More volume = lower fees. So a lot of the non-exchange fee, non-NFA fee, part of trading costs is completely negotiable.
Because you don't have to 'trade' out of a position hence you don't always pay per side * 2.
Obvious examples I can think of quickly (there are probably more) include
If I buy 10 MES and sell 1 ES I can have them offset and pay no fees for the offset.#
If I buy ES I could let it go financial settlement and then I believe the exchange fee is 40c instead of $1.30
Exchange fees for some spreads are lower than outrights. So buy Jan, Sell Jan/Feb spread, Sell Feb does not equal 4*normal commissions.#
# Of course I'm not sure that brokers like Tradestation would let you do this.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,081 since Dec 2013
Thanks Given: 4,427
Thanks Received: 10,266
wow touchy. I never said you do not pay per side. Was just highlighting the ways in which the round turn cost isn't 2X the basic per side cost. Which is a reason its priced per side and not per round turn.