Hi. I wanted to know if anyone is currently trading with questrade prop and post their experiences. I was considering opening an account with them. Any red flags? The package they offer is 0.00125 per share, 80% payout $3000 minimum account. $3 per symbol per day for data. $210 for software fees. Payout is available on demand Intraday losses of 5% of equity will make contact with the head trader to determine standing and a leverage decrease. Losses of 10% of equity will bring a lockout for the rest of trading for that day. Leverage at 1:10 Because this prop is associated with questrade, a reputable broker, I could assume they are not an outright scam. Anyone with any info please comment. Thanks.
I spoke to them about trading with them - about 8 yrs ago. They are still in business so they're certainly not fly by night - which is a big factor IMO. Please post any experiences if you sign up - I'm looking for a firm currently.