Is this deal any good?

Discussion in 'Prop Firms' started by londonkid, Mar 2, 2012.

  1. londonkid

    londonkid

    Hi

    I have been offered $0.005 per trade 20 to 1 buying power and 95% profit pay out. My volume is around 100,000 per month so small.

    My trades typically last between 1 minute and 1 hour.

    I have seen lower commission deals being discussed on ET, question to those experienced. Is this deal ok or am I being quoted to much commission per trade?

    Thanks

    Londonkid
     
  2. londonkid

    londonkid

    :mad: 43 views and no replies. come on peeps give us a steer is this deal ok?
     
  3. promagma

    promagma

    It is a good deal for that volume.
     
  4. rmorse

    rmorse ET Sponsor

    Be more concerned with the character of the firm your getting into business with.
     
  5. londonkid

    londonkid

    Thanks for the replies. I figured the deal is good for the volume.
     
  6. for 100k volume that's about what you can get anywhere, it's a good deal considering you get 20:1 leverage. Make sure to do your research on the firms operations and past traders' experiences
     
  7. is that right? $.005 per TRADE? or is it per SHARE? if it's per trade then yes, it's a good deal if there are no other fees involved.
     
  8. Since you're based in the U.K., it seems you are looking into the offshore model firms.

    I agree with rmorse and EvO, choose a firm primarily on the character of the people you are dealing with, not just the commission.

    Several items to consider besides the commission:

    * History of firm and its owners
    * Clearing firm's location (where your funds are being held)
    * Access to tech support if/when required
    * Stability of platform and ease of use
    * Access to your risk capital/payouts

    Best of luck.
     
  9. victor securities is a solid firm to do business with
     
  10. Victor securities doesn't offer more than port margin leverage 1:6.7.

    Your deal is good. Wouldn't waste your time looking elsewhere
     
    #10     Mar 5, 2012