Any one know what the highest split that a trader can get legally from it's clearing firm. And what is the difference between Class A,B,C and D when pertaining to the amount allowable by the IRS. Thanks for any help
A true prop firm will pay a base and you trade their money. like First New York Securities. If you wondering about a professional trading organization like Bright trading for example (S7 needed, clean u4, use of leverage) which I assume you are; several "professional firms" offer 100% payout. Check out the prop firm board for more information about what firms have for payouts. Class B members are what most traders are in the LLC model. So chances are your paperwork will have under a "class b" member. Typically the Class A member is the principle, head of the firm, largest investor etc