not sure, but i think for scalpers, prop vs retail rates shouldnt matter much, it's all decided on volume because in secured prop you take 100% of the losses, it's not a real prop deal. if they're taking a cut AND jacking your rates up, that's pretty bad.
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Comission and Bullet Rates
- Thread starter Hitnruntrader
- Start date
open an account at Etrade Professional. 1.5c bullets
Quote from axehawk:
Anyone know what Echo or Bright charges for bullets?
What about Lynx?
all hearsay
for ~50-100k
nobody charges ticket charges or mins:
ech dont know
lynx ~09
brght ~08
andv ~06, ~1.5
etrd pro ~04, 1.5
etg ~09, 1.5
schon dont know
carlin ~08, 2
all middlemen (LLCs) take a vig out of commissions, probably .03-.05
anyone else have any comprehensive research?, there should be a consumer reports of rates etc.
Quote from dgmodel:
my rates that i posted are regarding prop...
thing is i think that prop vs. retail should not matter regarding your rates, it should all be based on volume. if you do 100k/day retail of *secured*prop you should be at the same rate. TRUE PROP where you dont put up any money and take 0% of the losses might have higher rates, but there doesnt seem to be many shops doing that nowadays. If you get a secured prop deal, you should have a 100% payout if you're taking 100% of the losses or you should not have to pay higher ticket rates for the same volume, not BOTH as most places try to rip you off on both ends. also, remember, if someone blows up in your group, you could lose all of your 'contributed capital' because your funds are commingled with everyone else in a group. you're taking a risk there and they definately aren't compensating you for that!
Quote from Predictor:
Sambatrade! I was hoping you could suggest a few firms that charge commissions of what you have posted in your previous posts of .0045 or so and bullet rates of .01-.015. I take it these are prop firms? Do you trade with one? Please let me know.
Thank you
do your research on who's self-clearing, then deal direct. there are a few, egrp pro you can just call up and i think they'll tell you around .04/5, do a little talking and you might get better if you shop all the firms