Firms with 80-85% payout, $0.15-0.20/1,000 shares

[1245]

Quote from londonkid:

errr quick maths check 20c per 1000. 10M shares is $200 per month

Sorry...you are correct. Even better. NO one would offer that. Can't make money.

 

[zbojnik]

Quote from londonkid:

errr quick maths check 20c per 1000. 10M shares is $200 per month

Actually he was right. $2000.

 

[1245]

Uncle....the point here is the deal, not my poor math skills. A typical prop firm that does good volume, might pay between $0.0002 and $0.0008 per share from their clearing firm. Then they need to pay for the DMA routes. The rate your asking for is below their cost. Only a self clearing BD can offer those rates. And, what is their incentive?

1245

 

[londonkid]

Quote from zbojnik:

Actually he was right. $2000.

sorry yes maths failed my end.

20c per 1000. 1m = $200, 10m = $2000

 

[londonkid]

Quote from 1245:

Uncle....the point here is the deal, not my poor math skills. A typical prop firm that does good volume, might pay between $0.0002 and $0.0008 per share from their clearing firm. Then they need to pay for the DMA routes. The rate your asking for is below their cost. Only a self clearing BD can offer those rates. And, what is their incentive?

1245

actually a clearing firm direct can do $0.0001 per share on 100M volume per month. I know because I just got of the phone to one lol. that is 10c per 1000

 

[zbojnik]

You think I am making these numbers up? My friends get this rate and said this is the standard. Its not an american firm thou. I am looking for an american firm.

 

[mastertrader456]

Depends on your volume. .002 - .005 is standard for traditional prop accounts. If you are set up to do high volume algo scalping you can get .00015- .0003. Most firms will require you to trade very high volume liquid stocks for this plan. 20million+ volume minimum for the month. I currently trade with a firm that offers these rates.

 

[zbojnik]

Quote from mastertrader456:

Depends on your volume. .002 - .005 is standard for traditional prop accounts. If you are set up to do high volume algo scalping you can get .00015- .0003. Most firms will require you to trade very high volume liquid stocks for this plan. 20million+ volume minimum for the month. I currently trade with a firm that offers these rates.

How much for 1M a month? 5M a month?