Comission and Bullet Rates

Discussion in 'Prop Firms' started by Hitnruntrader, Dec 6, 2002.

  1. not sure, but i think for scalpers, prop vs retail rates shouldnt matter much, it's all decided on volume because in secured prop you take 100% of the losses, it's not a real prop deal. if they're taking a cut AND jacking your rates up, that's pretty bad.
     
    #261     Mar 18, 2003
  2. open an account at Etrade Professional. 1.5c bullets
     
    #262     Mar 19, 2003
  3. all hearsay

    for ~50-100k

    nobody charges ticket charges or mins:

    ech dont know
    lynx ~09
    brght ~08
    andv ~06, ~1.5
    etrd pro ~04, 1.5
    etg ~09, 1.5
    schon dont know
    carlin ~08, 2

    all middlemen (LLCs) take a vig out of commissions, probably .03-.05

    anyone else have any comprehensive research?, there should be a consumer reports of rates etc.
     
    #263     Mar 19, 2003
  4. thing is i think that prop vs. retail should not matter regarding your rates, it should all be based on volume. if you do 100k/day retail of *secured*prop you should be at the same rate. TRUE PROP where you dont put up any money and take 0% of the losses might have higher rates, but there doesnt seem to be many shops doing that nowadays. If you get a secured prop deal, you should have a 100% payout if you're taking 100% of the losses or you should not have to pay higher ticket rates for the same volume, not BOTH as most places try to rip you off on both ends. also, remember, if someone blows up in your group, you could lose all of your 'contributed capital' because your funds are commingled with everyone else in a group. you're taking a risk there and they definately aren't compensating you for that!
     
    #264     Mar 19, 2003
  5. yes, SPIC and of course the rates are based roughly on volume but no minimums.
     
    #265     Mar 19, 2003
  6. pretty low, at *MOST*.04
     
    #266     Mar 19, 2003
  7. do your research on who's self-clearing, then deal direct. there are a few, egrp pro you can just call up and i think they'll tell you around .04/5, do a little talking and you might get better if you shop all the firms
     
    #267     Mar 19, 2003
  8. yes
     
    #268     Mar 19, 2003
  9. andover
    etrade
     
    #269     Mar 19, 2003

  10. Where?
     
    #270     Mar 19, 2003