Support Board
Date/Time: Sat, 30 Nov 2024 01:36:34 +0000
Post From: Trying to migrate to Teton - specifically IronBeam and why I will stay on AMP / CQG
| [2023-01-03 14:38:37] |
| Ironbeam - Posts: 9 |
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As this thread has moved away from its original purpose I'd like to clarify Ironbeam's stance on commissions and fees. The OP was quoted a commission rate by one of our broker-assisted account reps. Once the rep realized that this was a self directed account the fees were corrected. We apologize for the confusion and would like to make it clear that the rates mentioned at the top of this thread are not representative of what a self-directed trader on Sierra Charts would receive from us. Ironbeam is one of the only CME Group Clearing firms that offers Teton as well as extremely competitive commissions. As an FCM, our rates can depend on trading volume however we offer rates as low as 10 cents per side on micros and 25 cents per side on regular futures (plus exchange/nfa). We will be considering standardizing our rates offered to Teton users to compete with discount firms that do not offer Teton. This will give Sierra users an opportunity to work directly with CME Clearing FCM as well as keep their costs the same or better than a CQG or Rithmic connection. We wish everyone a happy new year. Mike Murphy - Director of Trading 312-765-7228 mike.murphy@ironbeam.com ** RISK DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options. Past performance is not necessarily indicative of future results. Only risk capital should be used. Losses from commodity investments may be greater than the initial investment(s). Commodity trading is not appropriate for all investors, and a commodity investment must be evaluated in light of the potential for risk of loss as well as the possibility of profit. Date Time Of Last Edit: 2023-01-03 14:51:03
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