50% payout

Discussion in 'Trading' started by facultus, Nov 12, 2003.

  1. I ask this in curiousity:

    I saw a help wanted ad for a stockbroker and the firm said it had a 50% commission payout. How exactly do commissions work if one was a stockbroker and a client placed a $10,000 order to buy stock and the firm you worked for had a 50% commission payout?
  2. shneed


    Whatever commission schedule the firm used to charge clients for the trades, you would receive 50% of that.


  3. don't do it!
    if you are an established broker and/or have the wherewithall to obtain high net worth clients you are better off going independant. if you go with a piker firm you will get robbed!

    there are back office firms that specifically market to the "independant" broker with payouts as high as 100%.

    try "on wallstreet" magazine.

    good luck & best wishes.