Typical Fees

Discussion in 'Prop Firms' started by offthe floor, Nov 30, 2006.

  1. Please teel me what the typical fees average including:

    Has anyone calculated your monthly averages.

    Prop Firms fees
    ECN Fees (Average for credits and sales for typical month)
    SEC : (I think are 30.73 per $1m on Sales)

    I come up with about .0066 : Is this about right
    100% payout with 10x limit

    Prop: .0047
    ECN: .0015 (average of credits and debits)
    SEC: .0015 (assuming $50 average stock )

    .0066 plus data feeds

    So it looks like it will cost almost 1.5 cents to trade in and out just to break even.
  2. You can't generalize like that. Some strategies take ecn liquidity, some add, some may route elsewhere and pay nothing. SEC fees, while everyone pays them, can vary a lot too by how you trade. If you trade stocks under $5, it's miniscule. If you trade SPY, it's a lot. Desk fees vary widely too anywhere from 0 to $400/mo or more. And then some or all of that may be rebated. Payout % and buying power varies widely too.