CAP vs. NO CAP · position matters
Does Your Split Ever Stop?
Your CAP is the most your brokerage can take from you in a year. Here's a single $8,000 commission check at a 50% split:
Your commission check
$0
The brokerage takes
$0
You keep
$0
minus transaction fees
NO CAP — “never capping” — means the brokerage takes a split from every commission check for as long as you're with the company. Forever.
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