interested to get some info as well
What do you think about Shark Traders
- Thread starter nic.cheus
- Start date
you are fine with them, until you are not.
Short list is good. I'm not sure about the HTB overnights; several times I located stocks for intraday and as far as I remember the fee was around 10-15 cents per 100 shares
C'mon, stop waffling
how is that not true?
they are not regulated and you don't know how the firm is managed. they pay you if they are fine and make money, if they are not, they can run away and there is simply not much you can do.
I didn't mean and I don't mean to be rude, but it has been discussed hundreds of times. There are particular risks when you decide to trade with any retail/prop firm (call it as you wish), but there are traders who choose low entry requirements and low fees (and for some countries even just being able to trade US stocks) over trading with one of USA based brokers with all those required series and $10k minimum deposit. So for traders like me it's just a question of what firm to choose; my choice was based on trading conditions I was offered, now this choice is proved by personal long lasting expirience. I think it would be useful for other traders if this thread is commented by those who have personal experience with Shark Traders or those who are interested. That's why I called your post waffling.
No offence, peace and postitive Pnls
i just wonder how you can not have 10k...
It's not about the money, it's about bying power. And I made a mistake mentioning 10k, US brokers require 25k, which will give me only 100k bp for intraday trades. While with Shark Traders the same amount will give me 600-700k bp. That's the most important reason to choose prop firm for me
not
10k or 25k, that isn't much. why not just save a bit and use a proper broker instead of burning a few k trading sizes you can't afford