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05-12-2015, 06:23 PM
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Junior Member
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Join Date: Dec 2015
Posts: 7
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brokerage/trading houses commission scheme
hi everyone,
i am looking to join a brokerage/trading house trading commodity, am trying to figure out what is the commission like.
i've heard the standard is to cover your own cost/expenditure and after that get a certain % as "bonus". while the company keeps 50% of the income that you have generated, is it true?
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05-12-2015, 07:12 PM
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Quote:
Originally Posted by dann
hi everyone,
i am looking to join a brokerage/trading house trading commodity, am trying to figure out what is the commission like.
i've heard the standard is to cover your own cost/expenditure and after that get a certain % as "bonus". while the company keeps 50% of the income that you have generated, is it true?
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which trading house is offering you now?
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06-12-2015, 03:08 PM
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my friend worked at trading house and she say is 10%...
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07-12-2015, 12:02 AM
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It would be more useful if those who want to know at least are close to or already get an offer with a specific trading house in mind. Reality is 99.9% of those who are asking won't get a trader's job so its pointless to ask for details on trading book bonuses.
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07-12-2015, 02:42 PM
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Quote:
Originally Posted by dann
got an offer, it says 50%.
so trying to see if it is the same with others...
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har? trader where got 50% sharing one? like that u gonna make few million a year.
r u offered a trading job or a broker/dealer job? very different one.
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07-12-2015, 05:13 PM
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Quote:
Originally Posted by Unregistered
har? trader where got 50% sharing one? like that u gonna make few million a year.
r u offered a trading job or a broker/dealer job? very different one.
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Could be a very small trading firm where you are only given small amounts to play with. Most layman think of being a trader as making big bucks easily, but reality is that unless you are from a big trading house or hedge fund firm, many of these boutique traders don't really earn a lot.
I worked in a small firm on top of a shop house in Tiong Bahru many years ago trading index derivatives. Many friends and relatives did not believe it when I told them honestly I couldn't even make a 6 figure income yearly. The firm subsequently went bust after 2008 GFC and the boss returned to Indonesia after creditors came looking for him.
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07-12-2015, 05:18 PM
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Junior Member
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Join Date: Dec 2015
Posts: 7
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Quote:
Originally Posted by Unregistered
har? trader where got 50% sharing one? like that u gonna make few million a year.
r u offered a trading job or a broker/dealer job? very different one.
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it is broker between deals get few % comm, sorry for being noob, first job.
but if trading so much different? I thought is same same...
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07-12-2015, 06:26 PM
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Quote:
Originally Posted by dann
it is broker between deals get few % comm, sorry for being noob, first job.
but if trading so much different? I thought is same same...
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Heaven & earth actually. Traders are formulating trade strategies & algorithms to generate profits whereas in your case brokers are just administering the trades & earn some basic commission along the way. No point to compare a broker pay with a trader, one is a highly specialized finance job the other is more administration / sales & account management - different universe lah.
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