looks pretty good.

S

snoop101

Hello all.

Im from Calgary and will have a meeting with a prop company. below is what they have to offer.

Our Current pricing for approved trader is:

Minimum Deposit: $5000

Transaction Fees: $2.00 per trade (unlimited shares) plus all ECN & exchange pass thru fees. minus rebates

Data & Software Fees: $250.00 per month

Trader Payout: 70% of net trading profits

Leverage: 15:1



From what it looks like, it looks very good.
 
I would suggest that the most important thing to check is that they will give you your deposit back when you ask for it. Not every prop trading firm is reputable. Commissions and leverage is, to my mind, secondary concerns.
 
Quote from snoop101:

Hello all.

Im from Calgary and will have a meeting with a prop company. below is what they have to offer.

Our Current pricing for approved trader is:

Minimum Deposit: $5000

Transaction Fees: $2.00 per trade (unlimited shares) plus all ECN & exchange pass thru fees. minus rebates

Data & Software Fees: $250.00 per month

Trader Payout: 70% of net trading profits

Leverage: 15:1



From what it looks like, it looks very good.
More...



What firms offers this, what is their info?

Thanks,

Chris
 
Quote from snoop101:

Hello all.

Im from Calgary and will have a meeting with a prop company. below is what they have to offer.

Our Current pricing for approved trader is:

Minimum Deposit: $5000

Transaction Fees: $2.00 per trade (unlimited shares) plus all ECN & exchange pass thru fees. minus rebates

Data & Software Fees: $250.00 per month

Trader Payout: 70% of net trading profits

Leverage: 15:1



From what it looks like, it looks very good.
More...

Snoop,

Just so you are aware, this is not 'prop' trading as defined by regulatory standards. This has been discussed on other threads as well. If they are taking your money as a deposit and there is any discussion of leverage, then it is not prop, just what is politely referred to as 'prop/retail' hybrid.

Out of curiosity, is there any reason why this deal would be appealing to you versus other options out there?
 
Dam i had gotton a better deal
100% payput
0.005 cause i was doing less then 200K a month
20 : 1 margin which was too much for me had to reduce it cause i was not using it at all.
No software fees
HAd to leave the prop firm due to some family problem
Got my 10 K - 1.7( losses ) on the day they pay every 2 time a month
A happy customer
And yes rates is a second thing make sure u can get your deposit back that is very important
 
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