Broker/Clearing for Big Fund / Prop Firm

[sigitpambudi144]

Excuse me, i want ask about the member for the group ... Whats the broker that use by Prop Firm or Big Fund that manage hunder million dollars or maybe billio of billion dollars because i dont think they are using normal broker like ourselves as retail trader

 

[jim67]

Sorry i am not sure what you mean? do you mean what broker do the bigger firms use? normaly they run for trading bank accounts

 

[Pharaoh]

I think what you are talking about is an Institutional Account (or, an account at an "Institutional Broker"). Usually, those start at a minimum of $100,000 or more.

If you are friendly with anyone in your local bank, that might be a good place to start inquiring. If you want to put that much money on the table, it's usually not the worst idea in the world to keep it in your own country.

 

[sigitpambudi144]

Sorry i am not sure what you mean? do you mean what broker do the bigger firms use? normaly they run for trading bank accounts

what do you mean about trading bank account ??

 

[FmrBrokerExecutive]

Pharaoh is exactly right.
You'd be lucky to get in at $100k, most of them are going to charge minimums 100x more than a retail broker with a $250 min.