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MC,
I do not see how you can be having a problem with TS commissions??? This is what really throws another red flag up for me. How can their customer support be so out of step with their enormous marketshare?
Now, you are trading YM correct? Their TSW clearly states that if you are doing 300 or less contracts it is $2.13. They also publish what their commissions are if you trade higher volume.
I currently trade YM with IB and their bundled commission is also $2.13. This was one of the reasons that I had them in the + column in my punch list. I have no intention of closing my IB account but at least I figured that I would be getting the same commission when I do my 10 RT's each month so I can get the platform for free. I also checked with Infinity Futures last week (in fact went to their offices since I live in Chicago) and they will match the IB and TS commissions. The guys at Infinity are ex-prop traders so they have a different mindset then all the big boys. The other thing is their day margin is fantastic at $500 per contract. They push Sierra as the chart platform and so it is also one of the platforms on my list.
Chas |
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I know some of the unaccounted $ was prorated platform fees that they didn't tell me about up front. They aren't very good at communicating charges etc...
I just looked up my history. 43 trades with a total of $105.66 commish.
So $2.46 per turn, per contract. Not way off but still I don't like hidden fees and BS published prices.
Looking back at the execution list slippage seems to be not as bad as their charting indicated. I wonder what the issue with the charting speed has been. And my data error wasn't pleasant but it was the first time that happened. I was more upset at the persons reaction to me calling and telling me not to trade off charts. I'm going to have to call them and see what they can do for me again.
I'd love to see a basic statement with data fees and less jibberish so I can understand the charges.
