prop firm fees
- Thread starter itrader63
- Start date
Of course the cost of doing business is very important. However, doing business with people you trust has value too. I'd rather pay a little more and feel the money will be available when I want it. I would also not want to register with a firm that will have violations that might effect me and my business in the future.
So wait, why do some firms in NYC like FNY get to charge $6 per 1000 shares with a 50/50 profit split or Quad get away with charging fees of $8 per 1000 shares and get a 50/50 profit share. How do firms like that even get traders to join? The support, training, trading team can't be worth that much can it? How can fees/split be so big in firms like that and so low in others? What firms out there allow a $3 fees all inclusive deal with no profit split? I am currently at a firm that charges $4 per 1000 and I keep 75% of profits with no cap contribution. I was under the impression that that was decent... is it not?
What firm charges $2 fees in NYC with 90% profit share? I thought the max profit share was like 90%?
What firm charges $2 fees in NYC with 90% profit share? I thought the max profit share was like 90%?
$2 per 1000 might be stretching it a bit with OPs numbers, but $3 per 1000 is the norm. I know traders paying $2/1000 with less volume but that might be a special deal.
For $3/1000 you should be getting 99-100% payout with no formal training - although support should be quick to answer trading related questions i.e platform or routing.
Right. $3/1000 is about the norm for a newer trader. I trade with JC Trading Group and started at $3/1000 when I began as a trader. I do more volume now so they lowered my rate a little. One thing to consider as well is the money spent on ECNs. JC Trading has a route that is only $1/1000 to TAKE liquidity (Yes, I said TAKE!), and the fills are phenomenal. Since I take liquidity most of the time, I am saving $2/1000 over ARCA or NSDQ!