Should I Join a Prop Firm?

Discussion in 'Prop Firms' started by JesseJamesFinn, Nov 28, 2013.

  1. I have a very high ratio, I heard you can trade above 10x margin with these new Prop Firms. Will they give me a low commission rate of .002 plus full ECN rebates without their cut? I see firms paying back ARCA liquid rates of .0019 when ARCA actually pay's .0023 and EDGX pays $.0027, will a Prop Shop drop their commission below $.002 or is this wishful thinking?



    Which Prop Shops will pay the true ECN rebates on EDGX up to $.0029 after 3,000,000 shares a month. I am not getting the full ECN rebates, are Brokers cheating me out of this or is this common practice to keep part of the liquidity rebate? I read ARCA's latest schedule and rebates are higher the more shares you trade, so is Nasdaq INET, why am I getting shorted?


    What's the minimum I can get away with putting up as collateral? Will $250,000 be enough to get their attention or do I need to put up $500,000 with all my trading records over the last ten years to get approved? I want 80% of the cut, if I am putting up $250k to $750k, why should I share the reward?



    Can I ask you if it's possible to get a Clearing House account and bypass a firm if they will not drop their commission? I trade only ECNs and provide liquidity, so I think it's fair to get my commission below $.002 per share, is this outrageous?