I am spot forex trader and I like to switch into futures trading due to transparency volume with centralize exchange.
However, I have no knowledge and idea to build futures trading account and cost.
May I know, to build an account and costing, the example as below?
One time payment:
- Broker deposit - $500
- Platform - Free or charge/month
- Data feed, (CQG/Rithmic/etc) - $60/month
- Exchange data, (CME) - $21/month
I want to trade futures currency and micro mini S&P with transparent volume.
For currency futrues, is it only major pair (6A,6B,6C,6E,6J,6N,6S)?
Does futures currency own mirror or cross pair instead major pair?
If so, CME exchange $21/month is it enough for me to trade Micro mini s&p and currency (major + cross currency)?
Please advise, the monthly cost only data-feed and exchange fee, is it?
This cost will deduct from my direct deposit trading account every month, is it?
Please teach me, if I am wrong.