I have written before on this topic. The typical broker commissions are are far too high. My system shows a loss of around 38% on C2 with typical and around 21% with interactive broker, which is very close to my TOS. This also reflects on the DD. Why won’t C2 default the system to the one that closely resembles our true system ie interactive broker commissions, it’s difficult trying to get a winning system without these exaggerated charges on top, making it impossible. The more trades I carry out, the more exaggerated the charges become ! If I wasn’t already committed to the listing fee (old fee ), I would have pulled out of C2 and not try another system on it, due to the unrealistic track record showing.
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Modifying the default commissions, notably for Trade Leaders that have TOS status, is on our roadmap and will likely be included in a release this quarter.
Of note, however, since you trade futures, you should not confuse competitive retail commissions with investor costs. Commissions, fees, and mark-ups of $10-15/turn, or even higher, is actually very ‘typical’ and ‘reflective’ of true costs for investors following strategies at many other managed futures programs.
So even the option to show IB commissions along with no additional mark-ups or transaction fees is a major advantage for C2 Trade Leaders and their subscribers.
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This is why futures strategies typically charge higher subscription fee.
Look at this strategy:
At default typical commission and AutoTrade fees, It shows the strategy has been down 18.6% so far .
Now turn to interactivebrokers commiss and AutoTrade fees, it actually has been up 26.9% so far.
What a great underestimation.
Now look at this strategy:
At default typical commission and AutoTrade fees, It shows the strategy has a 58.3% annual return.
Now turn to interactivebrokers commiss and AutoTrade fees, it shows a 58.4% annual return.
So the statistics underestimate futures strategies’ performance to a much greater extent than strategies with other instruments.
If there is a futures strategy and a strategy with other instrument, both have same performance statistics, the futures strategy is actually much better.
