Can these Commissions be true

Discussion in 'Prop Firms' started by Green_Ring, Mar 10, 2010.

  1. Green_Ring

    Green_Ring

    I've heard of this figure $.20 / 1000 shares several times. Are there really firms that offer this or is this a scam. Don Bright I read once says he pays over $2.00 /1000.
     
    #1     Mar 10, 2010
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  2. lescor

    lescor

    They're true, but you will give up a percentage of your profits to get those rates.
     
    #2     Mar 10, 2010
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  3. Don Bright

    Don Bright

    They're "ture" - sort of...more of a Canadian/Penson "ticket charge" plan, based on rebate trading, profit splits etc. (ala Swift etc.)...the numbers you quoted for me are abosulutely true.

    Don
     
    #3     Mar 10, 2010
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  4. ScottSam

    ScottSam

    That rate has been at one time or another available at the following firms (and certainly many more):

    Now keep in mind that this doesn't mean every trader gets that rate. I'm simply pointing out some places I've read/heard/known.

    Swift Trade (actually less than 0.20/1000)

    Title Trading

    Golden Market Management

    Global Market Trading

    JC Trading

    World Trade Securities

    First Nat
     
    #4     Mar 11, 2010
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