Contact them to find out. It varies firm to firm. And its irrelevant what "they" consider HF, all I meant was the fees per thousand shares are generally more expensive at MGB but the payout percentage can be better if you aren't banging out 50,000+ executions per day.
I went with MGB. The nature of the business is definitely not the most transparent. Most of these smaller companies are ran out of small offices or out of basements. Which doesn't mean they're bad it's just people trying to maximize their profits. If you are going to trade a lot of shares go...
I found out that both Global Market Trading and MGB are affiliated with WTS. I clicked on both there website's "trader reports" area and entered my email and password and......boom! There are my numbers from WTS!
So what?? I used to be with WTS and am now looking for somewhere else to go for a solo account but every shop that is out there seems to suck for one reason or another!? So where does someone go? If its too good of a payout, people say they're ....... you on sec fees and if there breaking you...