which prop firms

J

john33

I'm looking for a prop firm with the following requirements: $5,000 initial deposit, 10xintraday, 3xovernight leverage, no license needed, and 70% plus payout. Please pm or reply if you know of any.
 
the one i am using is pretty standard:

deposit: $3k +
payout: 70%+
leverage: intraday: 20, not sure about overnight
commission: 0.2/1000share
software: 200/mth
 
Quote from econometrics:

the one i am using is pretty standard:

deposit: $3k +
payout: 70%+
leverage: intraday: 20, not sure about overnight
commission: 0.2/1000share
software: 200/mth
More...

20 cents a share? You're getting ripped off!
 
Quote from exaltedangel09:

If your putting up your own capital I agree. Twenty cents is a rip.
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Just curious, how is .0002/share a ripoff?

(20 cents/1000 => .2/1000 = .0002)
 
Quote from cstfx:

Just curious, how is .0002/share a ripoff?

(20 cents/1000 => .2/1000 = .0002)
More...

i'm with cstfx on this one, .02 cents/share is hard to beat.
 
Quote from exaltedangel09:

For a scalper 0.20$ is a rip..

If your position trading (holding longer than 5 min.. then this deal is not bad)
More...

Nobody ever said it was TWENTY CENTS/Share, read the OP's post please, if that is not asking too much!
 
Quote from el pollo:

Nobody ever said it was TWENTY CENTS/Share, read the OP's post please, if that is not asking too much!
More...

I know that.

It's twenty cents per thousand.

When you factor in NYSE fees, clearance fees, exchange fees,routing fees etc.. etc.. the dude will be paying 1$ per thousand shares traded.

All I'm saying is this is not a good strategy if you are a scalper.!

It's a rip because let's say your down 50$ for the day, and you traded 100k shares.
You will end up losing over $150 when you include the fees!! The company collets money when you lose ! Remeberthat! This guy is unlikely profitable everyday. yet the company does not care!
 
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