Hi guys has anyone used prospreads? I am just wondering how they make money offering direct market access. How big are the spreads and how does it work with a ladder? Do you see the real price ladder or their own spread ladder? Thanks
Hi Blackbison, They make their money by adding an additional spread to each side of the trade. For YM for instance it is 2 pts each side. The ladder is exactly the same as any other futures broker showing accurate prices and bid/offers as compared to Zenfire feed. So if you made 20 pts on YM, your profit/loss would show the equivalent of 16 pts (20 - 4 spread) This works out as $20 / trade "commision" on YM (and similar amounts on other markets). Hope this helps