is my commission fair?

Discussion in 'Prop Firms' started by Fernandinho, Jul 20, 2012.

  1. been trading a year now....i trade appx 15-25k shs per $5.5 per 1k standard or can i do better?
  2. sorry .... i need to amend.... it's actually .04/1000........... the other fees are ecn and all in was ..055
  3. Ah its okay
  4. You'd be closer to .003 or less at IB if you mostly add liquidity.
  5. 1245


    Yes, it's a good rate for DMA.
  6. anything over $4 per 1000 is a ripoff. Aim for $3 though
  7. 1245


    His volume is very low for volume discounts.
  8. About the same as IB's blended rates. High if you always add liquidity.
  9. 1245


    Since any DMA route would include rebates and fees for adding and taking liquidity, the base rate is all that's important.
  10. Rocco11


    You can definitely do better on that commission. Just shop around, but have trading sheets available. Must be able to prove volume. 25k a day should help you get some price changes, but anything under that and you are just average so no reason for a firm to give you a killer deal imo. I just switched firms because I do 50-100k a day and got a great deal. Very happy. If interested, pm me and I will give you my the info for the broker who gave me my deal. Cheers
    #10     Jul 23, 2012