Is this deal any good?

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

 

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

 

It is a good deal for that volume.

 

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

 

Thanks for the replies. I figured the deal is good for the volume.

 

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

 

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.

 

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.

 

victor securities is a solid firm to do business with

 

Victor securities doesn't offer more than port margin leverage 1:6.7.

Your deal is good. Wouldn't waste your time looking elsewhere