Is this deal any good?

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

  1. londonkid



    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?


  2. londonkid


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


    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