We offer two types of accounts to accommodate the varying needs and preferences of our traders. As a new member of our trading desk, you will be automatically placed into the Developing Trader Account.
This account type is designed with burgeoning traders in mind, offering a no desk fee structure to reduce initial overhead. Despite the elimination of this fee, you'll receive the same commission rates as those in our Standard Trading Account.
We actively subsidize these commission costs on our end, ensuring you're not at a financial disadvantage as you embark on your trading journey.
Should you wish to upgrade to the Standard Trading Account as your trading activities increase, the option remains open. This transition is designed to be smooth and straightforward, allowing you to scale up at your own pace without worrying about administrative hassles.
Standard Trading Account:
Desk Fee: $500/month
What's Included: This fee covers order routing and a TT connection fee.
Payment Method: The fee is deducted directly from the trading account. Importantly, this deduction doesn't affect your daily loss limit on the day it's taken out.
Developing Account:
Desk Fee: None
Commissions: Same as the Standard account (we subsidize these fees).
Who It's For: This is ideal for traders who are starting out with smaller trade sizes and less volume.
We provide this flexibility to ensure that traders at all levels can engage in trading with terms that best suit their individual needs and trading strategies.
As a professional trader, you'll also be responsible for data fees ($105 monthly per market).
We do not make any money on these fees and they are taken directly from the trading account. You do NOT pay these fees out of pocket.