[taotree]

Originally Posted by bathrobe »

Mirus intraday es commission is 500, AMP is 400

Interesting... On what volume? According to what I've seen:
Mirus = $4.40 and AMP = $4.70 for bottom volume tier for ES.

Originally Posted by Harlequin

No. 4 and 5 are usually mutually exclusive.

No. 3 would be discount brokers (Not Zenfire)

No. 1 & 2 normally exclude 3.

When you say "discount broker" what do you mean (example?)? And what is a highly competitive commission in your book? Does $4.40 (<500 RTs) down to $3.15 (>10k RTs) qualify?

Also, I'm not going to use a platform--I'm using the zen-fire API, so I don't think I need to expect a platform fee.

You're not being negative, and I value your experience.

Thanks!

[Harlequin]

taotree,

I'll leave bathrobe to clarify but I think he's quoting margin not commissions.

Unfortunately in this business margins are negotiated and brokers like to keep their lowest offer out of the public domain so they can get all the newbies to just accept their first offer. Interactive Brokers are what I refer to a a discount broker, no single individual to hold your hand, their standard published rate for ES is $4.70 RT, min account to open is $10k and margin requirements much higher.

In my experience brokers that will open an account for $2.5K or £5K and $500 margin will charge anywhere from $5.5 - $7 RT.
But if you do have a much larger account you can get much lower like the $4.40 you quote. Maybe I just don't have the negotiating skills to get that so hopefully bathrobe can shed some more light.

[bathrobe]

I am sorry about the mixup, I can not speak for AMP commission, but Mirus is $4.40 per RT, and it gets lower with increased vol. The 4.40$ commission applies to all account sizes.

[Harlequin]

Originally Posted by bathrobe »

I am sorry about the mixup, I can not speak for AMP commission, but Mirus is $4.40 per RT, and it gets lower with increased vol. The 4.40$ commission applies to all account sizes.

Cool thanks bathrobe!

[bathrobe]

Also, the 4.40 at Mirus is without negotiating at all, that was the rate they offered and it seemed fair to me.

Taotree,

The margin of 500 at mirus and 400 at amp is trading only 1 contract.

[taotree]

Thanks for the info, seems like Mirus and AMP is what I hear most. Considering that Mirus apparently has the "in" with zen-fire (someone said they're same company (or owned by same or something)?) and that the guy who answers the emails at zen-fire Pat Shaughnessy pjs@zen-fire.com has an email address pjs@mirusfutures.com listed on mirus futures site... (and it helps that the commission rate is a little better)

Sounds like that's the way I'll go.

Thanks all!

[ant]

You can also trade with Dorman directly without using an IB.

[XDTrader]

I use Mirus, and while I didn't find them all that personable, they have been spot on reliable. The Zen Fire data is excellent, executions also excellent. I am very pleased.