Can these Commissions be true

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

  1. 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.
     
  2. They're true, but you will give up a percentage of your profits to get those rates.
     
  3. 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
     
  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