This is what i was thinking. If we can get a group of traders, we can get really good commission rates. I currently pay WAY too much per share, however, I found out if I do over 1/2 mill a day in shares - my commission will be very low. (at another firm) There is no way in hell I can do that alone - however, if there were a group - they said they don't care, the sum total is all that matters. What do you guys think?
Creating a Group for lower fees
- Thread starter SitrusTrader
- Start date
I am intersted to trade remote with them, and i am not
licensed. I can trade over 200K shares/month.
-How much minimum funds to deposit?
-What leverage will be given?
-Will the commision excluding SEC, will it
be less than 0.40 penny per share?
-which platefrom is used?
licensed. I can trade over 200K shares/month.
-How much minimum funds to deposit?
-What leverage will be given?
-Will the commision excluding SEC, will it
be less than 0.40 penny per share?
-which platefrom is used?
1) The minimum is $5,000. However, that is combined for the group
2) In terms of leverage, it starts 4:1 and goes up to 10:1, as I understand.
3) Definatelly!!!!!!
4) They're own - which you can test out. As they say - it is the fastest possible - I think I agree with them - I tried the demo - stuff was flying fast!!!! But that's for you to decide.
If you want the demo, and see it, PM and I will let you know how to get it.
Actually yea, I want ppl to try to see how fast it is. It is supposed to be faster than anything out there, as they claim.
I guess you meant to say what's is called "minimum per trade"?
which with most firm vary from highest $3 down to minimum 1$.
Very low!!!! I dont want to post the price here - it will seem as I am advertising, WHICH I AM NOT - just trying to get a group together to get lower commissions.
What I will say is this: The comm per 100 shares will be less than 20 cents!!!!!!
Hoodooman, PM me, I dont want to post too much here!
News on the speed of the system. My friend benched it against Hammer - seems to be much faster. Waiting for more confirmations.
News on the speed of the system. My friend benched it against Hammer - seems to be much faster. Waiting for more confirmations.
what are the ecn rates? are they marked up? Are the rebates passed through? WIll they hang the 7? CAn i get prop leverage of 30:1?
I will answer what I know, the rest your should email their account representative.
ECN rates are actual. ie INET (island) to add is 0.02, remove 0.03
I have a detailed listing of rates from them, but that you can also get from them as well.
You can participate in their LLC too, to keep your 7. That's what I will have to do myself.
Leverage of that kind, I do not know: but I understand that if you have a good track record, then its possible. I suggest you email my account rep. PM me for his info.