is this commision structure fair?

Discussion in 'Prop Firms' started by Daal, Feb 24, 2008.

  1. Daal


    $0.55c firm commision plus ecn, sec, other fees for 100 shares
    its averages about $0.90c for market orders and way less for adding liquidity, on 100 shares
    100% payout
    fair or too much?
  2. It's either a great deal or a horrible deal.

    You wrote $.55c. So, you either mean 55/100 of a penny ($.55C), or 55/100th of a dollar (55 cents, or $.55).

    55 cents per 100 shares is just a horrible deal.

    You can get 50 cents per 100 shares with SEC, ECN, and other fees INCLUDED just from IB. There are much better deals out there.
  3. did you mean .055 per 100?
  4. Daal


    55 cents per 100 shares
  5. 5.50 for 1,000 is'nt bad unless you are high volume.
  6. dinoman


    All depends in the ECN and other fees. I pay .60 for 100 shares straight up, with no if ands or buts.
  7. Daal


    as I said it averages about 0.85-0.90 for market orders on 100 shares with all the fees, there is no software fees or any other fee so they provide lightspeed platform for free. I believe they can reduce their take to 0.40c/100 or so if I increase volume
  8. it seems ok to me,not good but certainly acceptable.