I'm looking for a prop firm with the following requirements: $5,000 initial deposit, 10xintraday, 3xovernight leverage, no license needed, and 70% plus payout. Please pm or reply if you know of any.
the one i am using is pretty standard: deposit: $3k + payout: 70%+ leverage: intraday: 20, not sure about overnight commission: 0.2/1000share software: 200/mth
For a scalper 0.20$ is a rip.. If your position trading (holding longer than 5 min.. then this deal is not bad)
Nobody ever said it was TWENTY CENTS/Share, read the OP's post please, if that is not asking too much!
I know that. It's twenty cents per thousand. When you factor in NYSE fees, clearance fees, exchange fees,routing fees etc.. etc.. the dude will be paying 1$ per thousand shares traded. All I'm saying is this is not a good strategy if you are a scalper.! It's a rip because let's say your down 50$ for the day, and you traded 100k shares. You will end up losing over $150 when you include the fees!! The company collets money when you lose ! Remeberthat! This guy is unlikely profitable everyday. yet the company does not care!