Uncle....the point here is the deal, not my poor math skills. A typical prop firm that does good volume, might pay between $0.0002 and $0.0008 per share from their clearing firm. Then they need to pay for the DMA routes. The rate your asking for is below their cost. Only a self clearing BD can offer those rates. And, what is their incentive? 1245
actually a clearing firm direct can do $0.0001 per share on 100M volume per month. I know because I just got of the phone to one lol. that is 10c per 1000
You think I am making these numbers up? My friends get this rate and said this is the standard. Its not an american firm thou. I am looking for an american firm.
Depends on your volume. .002 - .005 is standard for traditional prop accounts. If you are set up to do high volume algo scalping you can get .00015- .0003. Most firms will require you to trade very high volume liquid stocks for this plan. 20million+ volume minimum for the month. I currently trade with a firm that offers these rates.