Prop trading Comparison

M

mcelitetrader

ET Sponsor
Ive been on this board and find it useful....One thing I have been unable to find is a comparison of the current rates of the trading firms. I want people to message me about trading opportunities and to send the rates and deals they are currently receiving. I have been trading for 1.5 years and have been with three firms.

I am currently in a situation with 3k down with 75% payout with an 0.80 ticket charge. There is a brut passthrough that is free and this is worth a great amount...makes every trade free except for the ticket charge.

There is a monthly charge of 125 for the software.....currently no problems and i have to say it is one of the most solid systems i have traded on. There is a 50 monthly charge for the NYOB.

I get ecn rebates....i can trade NYSE, AMEX and NASDAQ although i stick with NYSE

My trading numbers are roughly 50k-100k shares per day with approximately 50 trades. I pull about 5k per month with this system and am still setting up the software and tweaking it to my specs. Have been here for one month.

I want numbers..... I want percentage payouts i have shopped around. If you want to name companies excellent...if not we can message later to learn what the deals are.

I have spoken with many recruiters,,,,,prop firms.....leeches.....and they all want to make deals......I am sick of it... Together we have the power
I want a straight answer and I dont want to have someone tell me what I should be accepting. It is my money and I will make money wherever I am. The relationship between trader and broker should be of a symbiotic nature, not the cancerous version in which I currently find myself.

All thoughts and considerations considered.....

Eg. Swifttrade --> 35% payout with no money down.
0.20 ticket charge
 
yep..... 1.60 plus sec

......80 cents a side regardless of number of shares..


So....80 cents in....80 cents out....sec fees...+/- whatever rebates charges the ecns offer. This is the list

NASDAQ Add Liquidity Remove Liquidity
BRUT -0.002 0.003
ARCA -0.002 0.004
INET -0.002 0.003
TRAC -0.0027 0.003
SIZE -0.002 0.003
ATTN -0.003 0.004

NYSE Add Liquidity Remove Liquidity
OES 0.0005 .0005
BRUT 0 0
ARCA 0 0.001
INET 0.001 -0.0009
Brutdot 0 0

AMEX Add Liquidity Remove Liquidity
OES 0.000525 0.000525
INET -0.002 0.003
BRUT -0.0023 0.0027
ARCA -0.002 0.003

Thats all folks
 
are u by any chance trading with questtrade? that $125/mon sounds like fee for cyberpro..if u are how is questtrad for Pro trading..thx?
 
Quote from mcelitetrader:

The relationship between trader and broker should be of a symbiotic nature, not the cancerous version in which I currently find myself.

All thoughts and considerations considered.....

Eg. Swifttrade --> 35% payout with no money down.
0.20 ticket charge [/B]
More...

if you can twist words into a sentence like that, then you're too intelligent for most places....

you can start with the Shoneys, Generics, Andovers/Assents, Holds, and on and on and on!

A unique sybiosis has occurred with the usage of the SEC PDT Rule and the modified Reg T basis. Another hybrid has emerged where no affiliation or licensing requirements comes into play.

Its called loosely: "sophisticated retail investor". It doesn't really mean anything, nor are there really any professional license affiliations.

One thing is you're money is more protected in that manner than being licensed. When you call the NASD or SEC or your State Attorney General's office, then they will take that call and act. When you're licensed, then they give you the back side of their hand and close the phone and put you off as disgruntled. Many firms that are leeches, as you described actually count upon that rarely known, rarely discussed Wall Street reality to the detriment of the customer / broker / trader. So the solution then becomes gut instinct under who will protect your money best.

Protection of your money and account quickly becomes the most important designator that you must consider. In this, trust your gut. There are two firms, right off the bat that stand out! The others, you have to weed your way through. These boards and thread discussions really help big time on that matter. PM me for names.
 
Thanks for the intelligent response limitdown.......

to this other guy....

The reason i am on this trading forum is to improve my lot.... And it not being my money....it is my money....when i lose my deposit I am finished.

The upfront money to trade without the strings attached to my lack of capital is what I lack. I am not and currently do not have to be licensed although I am working towards certifying myself for self interest and also because a trader without papers is only as good as his/her last trade.

Keep the number,,,,percents...payouts...fees...coming....more than appreciated.
 
if risk management should fail your 3k will not cover your losses. any trader worth his salt would not be a member of such a group because he would have to absorb the loss of the other traders.
 
zdreg,

I hate directing letters in this manner but you need to stop hanging out and firing off useless information about things you dont understand.

Prop firms hire individual and they take only allow losses up the amount of money down. When that money is gone you have no buying power. I am an independent contractor with all of the inherent benefits/risks of the arrangement. Limited liability is what makes this industry run. (laughs)
 
You must log in or register to reply here.
Back
Top