One of the most common questions we get is: “What is the exact exchange fee for [X] contract?” While we keep our commission rates transparent, Exchange Fees are set by the CME Group and are standard across the industry. To help you calculate your total “all-in” cost per trade, the CME provides an official Fee Finder Tool.
Community Tip: Finding the cost for Micros (MES) If you are new to the platform and want to see the breakdown for the Micro E-mini S&P 500 (MES), here is the fastest way to use the tool:
- Enter the Symbol: Type MES in the search box.
- Select Contract: Click on “Micro E-mini S&P 500 Index.”
- Check the “Non-Member” Column: This will show you the precise execution and clearing fees mandated by the exchange (usually around $0.35 per side).
In futures trading, a ‘Non-Member’ is any individual or entity that does not own or lease a seat on the exchange. Most retail and professional traders fall into this category and are subject to the standard non-member exchange fee rates.
Beyond the Micro E-minis, the CME Fee Finder allows you to verify costs for MGC, MCL, ES, NQ, and more. To get the most accurate results, always ensure you select the ‘Futures’ listing for your symbol, as the CME’s vast inventory includes multiple product types for each asset class.
Community FAQ: Verifying Costs & Margins
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Q: Do these fees apply to every “Micro” contract?
- A: Yes, every contract has a specific fee. While the MES (Micro S&P) is the most common, other symbols like MGC (Micro Gold) or MCL (Micro Crude) have their own unique exchange rates. You can search any symbol in the Fee Finder to see the exact clearing cost.
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Q: How do I know if I am a “Member” or “Non-Member”?
- A: If you haven’t purchased or leased a formal seat on the exchange (which typically costs thousands of dollars), you are a Non-Member.
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Q: Are exchange fees charged per contract or per trade?
- A: Exchange and clearing fees are charged per contract, per side. If you execute one “trade” for 5 Micro S&P (MES) contracts, you will be billed for 5 exchange fees. When you close that position, you will be billed for another 5. Unlike some equity platforms that have flat “per trade” tickets, futures fees scale directly with your contract volume.
If you have any questions, please reach out and check our site www.optimusfutures.com
Best,
Matt Z
Optimus Futures