The C2 AutoTrade page versus Open E Cry’s commission rate page do not appear to match. Why does Open E Cry state a $0.15 per side fee for the OEC API, and the C2 website states $1.99?
So, can anyone tell me the typical commission they pay for a round-trip with an Open E Cry account and C2 AutoTrade enabled?
The C2 AutoTrade page states:
"Live account: commission + $1.99 per contract side AutoTrade fee charged by broker"
Openecry’s website https://www.openecry.com/rates/rates.cfm states:
Futures 0-300 trades = $1.29
and
"The table above does not include customary NFA and exchange fees."
and
"Positions held overnight generating a full exchange margin will be charged an additional $0.20 per contract."
and
"OEC API Rates
A direct connection fee of $0.15 per side will be applied to all commission rates (listed above) for trades sent directly through the OEC API not utilizing the OEC Trader Software."
Thank you,
–Mike
I can answer that question, but my posts seem to disappear every time I do.
OEC charges the $0.15, a company called Trade Integration charges OEC $1.99 per contract per side. OEC passes the $1.99 on to you.
You can talk OEC down to a $2.40 base per side. I have not had any luck talking the $1.99 down with Trade Integration.
So, for less then 500 contracts. I am paying.
$2.40+$0.15+$1.99= $4.54 per side, or $9.08 per trade per contract. There is also a hold over night fee, if you are not day trading.
Jim
