Registered: Nov 2011
09-01-12 01:06 AM
It also happened me, the issue is they never send accurate reports. You have to go by the information provided in the prop. reports website.
By the way, the info from the prop. reports doesn't include their commissions, only SEC, ECN, clearance fees, software fees, etc, etc. (which I never understood what some of them are anyway).
Then you have to calculate the real net profit based in the commission schedule they offered you, assuming you get 100% payout from the net. Otherwise you still have to deduct another extra % after your "net".
For example, my payout is 80% from the net after fees and commissions. So far, they have never sent me a timely accounting report with all the charges. Besides all of the above, they have never explained to me in detail what are all the fees from the prop. report.