This is what i was thinking. If we can get a group of traders, we can get really good commission rates. I currently pay WAY too much per share, however, I found out if I do over 1/2 mill a day in shares - my commission will be very low. (at another firm) There is no way in hell I can do that alone - however, if there were a group - they said they don't care, the sum total is all that matters. What do you guys think?
I am intersted to trade remote with them, and i am not licensed. I can trade over 200K shares/month. -How much minimum funds to deposit? -What leverage will be given? -Will the commision excluding SEC, will it be less than 0.40 penny per share? -which platefrom is used?
1) The minimum is $5,000. However, that is combined for the group 2) In terms of leverage, it starts 4:1 and goes up to 10:1, as I understand. 3) Definatelly!!!!!! 4) They're own - which you can test out. As they say - it is the fastest possible - I think I agree with them - I tried the demo - stuff was flying fast!!!! But that's for you to decide. If you want the demo, and see it, PM and I will let you know how to get it. Actually yea, I want ppl to try to see how fast it is. It is supposed to be faster than anything out there, as they claim.
I guess you meant to say what's is called "minimum per trade"? which with most firm vary from highest $3 down to minimum 1$.
Very low!!!! I dont want to post the price here - it will seem as I am advertising, WHICH I AM NOT - just trying to get a group together to get lower commissions. What I will say is this: The comm per 100 shares will be less than 20 cents!!!!!!
Hoodooman, PM me, I dont want to post too much here! News on the speed of the system. My friend benched it against Hammer - seems to be much faster. Waiting for more confirmations.
what are the ecn rates? are they marked up? Are the rebates passed through? WIll they hang the 7? CAn i get prop leverage of 30:1?
I will answer what I know, the rest your should email their account representative. ECN rates are actual. ie INET (island) to add is 0.02, remove 0.03 I have a detailed listing of rates from them, but that you can also get from them as well. You can participate in their LLC too, to keep your 7. That's what I will have to do myself. Leverage of that kind, I do not know: but I understand that if you have a good track record, then its possible. I suggest you email my account rep. PM me for his info.