Comission and Bullet Rates

Lower rates are like paper trading, everyone makes money. But when it's live, it never turns out that way.

Higher rates are better, real, not paper, live ? Logical ?

 

I got a response. it seems like I can get it

 

Help Please!

In order to get more margin(10 times of my equity), i took my series 7 and passed out, but now i find most prop trading firms commissions in range:

NYSE/AMEX - $0.01 per share, or less - No ticket charge!
NASDAQ - $0.01 per share, or less - No ticket charge

However i find ameritrade offering with $10.99 unlimited shares and no hidden ECN fees at all. BUT BIG problem is they offer only 4 times of equity. So please suggest a firm which charges only $10-11 on 10,000 shares by giving 10 times margin of my equity.

Reddy

 

With steady volume for that long, every rate cut for you will make the difference, especially on 50K a day. We do lower the rates on our traders within the first month, and as they increase volume from then on. We definately understand the concept of lower rates, higher volume. I think we're prob one of the fairest commission shops as far as lowering our traders w/o having to be begged or asked. But as far as some of these crazy numbers, financially to be viable and phsychologically sane, it doesn't make sense for low volume traders, unless you have minimums built in for them.

 

Not happening. If you're seriously going to be trading in 10,000 share blocks, or scaling in and out of 10,000 share positions, you can definately get under $5/1000 (.005) if your volume approaches over 150K a day. But then you still have to include ECN & SEC fee's.

 

The question is, can we all get it, if we're doing 10K a day average? At this point, this group has been hyped up so much, they better give it to someone or Ticker will lose his credibility (no offense Ticker, just busting your chops).

Keeps us posted though trader963.

 

Please suggest me If i can get $10-11 on 10k shares,with 50k Average Day volume WITHOUT ECN FEES and NO HIDDEN CHARGES. As of now only (Ameritrade does with 4 times of margin equity). I need Only Prop firms who does that

Reddy.

 

Hmm...where have I heard this one before?

 

LowCom

Why don't you use datek or something? Have a backer and split the profits for the extra leverage. I'm not familiar with any BD the will do that with direct access.

 

I need Only Prop firms to avail 10 times margin of my equity.
not day tradingfirms. So by chance if u come across Prop firms, please let me know, Your kind help will be appreaciated always.

Reddy