I would like to ask for your advice. We are a mini branch ,we work since 6 years for a big Kanadian company and we decided to try somewhere else because we are not satisfied with the current conditions. We are 4 traders and this is our strategy simplified: we enter with slow-moving penny stocks shares with a big size and we get out as soon as it is possible with even half cent. D ark pools are an important part of our strategy ,so we are looking for a company who has acces to all the existing dark books. Our branch works with 15.000.000-30.000.000 shares per month but the profit is small compared to this, so we are looking for a company where the clearing fee is very low. The deposit is not a big problem, out letter of recommendation is all right, we would like to find a company for a long term. In summary: -reliable company, -lots of dark pool acces,- very low clearing fee, at least 85% payment. I am looking forward for your help thanks, Charlie
If your still looking in Canada..... Have a look at GMM - Golden Market Management. Robert is pretty flexible, aggressively expanding his business and may have what your looking for. I'm not currently with them, but will be shortly. http://www.proptrading.ca/ Billy Liquidus Holdings Inc.
Since penny stocks are not marginable, most firms won't want you to trade them with any leverage. All stocks under $5.00 are 100% margin. The Canadian firm, likely Swift or similar is a whole different type of trading, not so much trading as collecting rebates and sub-pennies. I think you're better off keeping with your original firm, IMO. All the best, Don