Typical Fees

[offthe floor]

Please teel me what the typical fees average including:

Has anyone calculated your monthly averages.

Prop Firms fees
ECN Fees (Average for credits and sales for typical month)
SEC : (I think are 30.73 per $1m on Sales)
Etc....


I come up with about .0066 : Is this about right
100% payout with 10x limit

Prop: .0047
ECN: .0015 (average of credits and debits)
SEC: .0015 (assuming $50 average stock )
________________

.0066 plus data feeds

So it looks like it will cost almost 1.5 cents to trade in and out just to break even.

 

[lescor]

You can't generalize like that. Some strategies take ecn liquidity, some add, some may route elsewhere and pay nothing. SEC fees, while everyone pays them, can vary a lot too by how you trade. If you trade stocks under $5, it's miniscule. If you trade SPY, it's a lot. Desk fees vary widely too anywhere from 0 to $400/mo or more. And then some or all of that may be rebated. Payout % and buying power varies widely too.