Has anyone ever heard of BrokersXpress as a BD? They are 100% web based, that's about all I know.
One of their main selling points is placing large block orders among multiple accounts in an efficient manner. I had an interest in them incidentally due to their futures platform. Not sure on payout. You pretty much have to go through their interest form online.
They did. The catch phrase in the ad was "drowning in compliance?" I believe from speaking to an individual who spoke to them briefly is cutting down administrative beaurocracy, although every firm says that until you come on and discover a mountain of paperwork for any issue.
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