Echo Trading

Discussion in 'Prop Firms' started by prop_99, Apr 16, 2008.

  1. What's their initail leverage range. ir 10;1 20:1 etc
     
    #11     Aug 4, 2008
  2. Any ideas on this guys?
     
    #12     Jan 18, 2010
  3. silk

    silk

    ECHO is by far the most professional firm i've traded at. Its like a real company. LOL.
     
    #13     Jan 18, 2010
  4. You are presuming that they accept all US residents. Nothing could be further from the truth. As a Nevada resident, I found out a year ago that they don't cater to my ilk. Likewise for Massachusetts and some other states. The reason I was told was that it was not cost-beneficial.

    But according to their website, they allow traders "full access from virtually anywhere in the world", so you should be right.
     
    #14     Jan 18, 2010
  5. How does that work though?

    If they pay 0.001/share and they charge you 0.003/share and you trade, say, 2million shares a month, wouldn't they make $4000/month from you in commissions regardless of where you trade geographically?:confused: :confused:
     
    #15     Jan 18, 2010
  6. It has nothing to do with individual trading volume, but rather the combination of low demand and high state government regulatory fees. Supposedly.
     
    #16     Jan 18, 2010
  7. like what commissions?
     
    #17     Jan 18, 2010
  8. Echo is middle of the road in terms of commissions
     
    #18     Jan 21, 2010
  9. then which firm offers the lowest commision?
     
    #19     Jan 21, 2010
  10. can you be series 7 licensed without being a us resident/citizen?
     
    #20     Jan 31, 2010