Which broker for Fixed Fractional Trades?

Discussion in 'Retail Brokers' started by Splat, Apr 7, 2011.

  1. Splat


    I want to trade a position trading system using fixed fractional sizing - that is to devote a fixed amount of equity say $5K for each trade. At any one time I may have 7-8 trades active and each trade may last from one to a few days.
    My question is, which broker would be best for commissions to trade in this way where a share lot size might potentially be less than 100 shares. I want to avoid having to fork out min of a $1 if possible.
    Thanks for any help,