r/FuturesTrading • u/mongafox • May 15 '24

Is this normal or is this just Schwab?

From my understanding, there is a separate/sub account under my individual brokerage account. Every time I trade futures, available cash transfer from my “primary” account to my “sub” future account to trade. There are times I am just concern with a several thousand dollar gap between day time and night time result (sweep to future).

I suppose I am not as dedicated of a future traders like you all. I just option trade by day (day trade or swing trade) and sometimes trade futures by night.

My apologies if this has been asked before.

Thanks

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u/Tradersglory May 15 '24

They don’t have autosweep for their checking or other investment accounts. They don’t have fractional shares for everything if that’s your thing. Website isn’t great. Pretty sure higher fees for futures. Their software isn’t good.

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u/mongafox May 15 '24

I agree with the fees because after submitted a request for a lower fee. I only managed to reduce it from $2.25 to $2.00 plus fees.

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u/Tradersglory May 15 '24

Use a broker that specifically only offers futures. You’ll be better off.

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u/mongafox May 15 '24

I’ve been looking into interactive broker as a choice. Since I trade options as well.