What is the best commissions i could get with me providing my own capital. I am a nasdaq trader that averages about 120K shares a day. Is it possible to get $5 tickets with 100% payout? Thanks in advance. jc
I scalp about 300k shares listed and 50k naz, what kind of commission can i expect from a profirm? Thanks
I think if you're a fairly active trader ~25-75k /day you should be in the ballpark of .0045 per share and bullets .01 -.015. If you're doing around 100-200k/day rates are about .0025 and bullets less than .01. These are if you deal direct with a firm, self -clearing better. Obvioulsy if you trade under an LLC or trading group they'll rip you off and charge you upwards of .0065 and most of the times people are paying .01 and think they're getting an OK deal! The only way these LLCs and trading companies (MIDDLEMEN!) are staying in business (and Making a killing) are by keeping all the newbies in the dark, if traders got together they could negotiate directly for better rates. Hope that was helpful.
Sambatrade! I was hoping you could suggest a few firms that charge commissions of what you have posted in your previous posts of .0045 or so and bullet rates of .01-.015. I take it these are prop firms? Do you trade with one? Please let me know. Thank you