How to Save on your Futures Trading?

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Besides finding a good and winning methodology, there cost of commissions, platforms and quotes could be quite a burden on account as far as cost.So here are the best ways to save on execution, platform and other trading costs:

1) If you are using an analytic charting and trading tool and pay subscription for it, you might not need a platform that requires charting.  Why get futures and commodities charting twice and get charged for it?

There are many platforms that are free that don’t require fees at all.

Try Vision Express that had a great interface and easy execution order entry. Also, try Rithmic R-Trader if you are an Emini SP trader and require fast execution. This is a great platform also for those require spread trading.

Keep in mind that the exchange charges trading technology companies for the use of quotes if it’s implemented on charts.

2)      Ask “how much is a phone execution?”  There are a number of things that can happen when you trade online, you might not be by the computer, your internet might be down or the platform might be down.  Some brokers take advantage of situation like this when you have to call in. This is how they make up for the “discount” rates they offer. Ask what the call in fee is.

3) Commissions – Ask a broker specifically which platform has the cheapest commissions. Ask for a selection and decide which one is the best on considering your trading preferences.

4) Feed – Ask what is the feed and the speed of the platform. If the platform is slow, your cost would be the slippage that you pay on each transaction or unfilled orders.  Obviously, you also want to be sure you have good connectivity on your end.