1) The link doesn't say that at all, it simply tells you what a performance bond is. Below that it says what do I need to join and it doesn't say a performance bond. You've failed to interpret a basic fact.
2) You talk again about the consumer but have failed yet again to grasp the difference...
Your working knowledge is staggering, considering how opinionated you are TraderJo.
Prop firms from my experience are normally hedge funds or asset management firms. Brokerages have customers, take deposits and the customer trades their own money. Prop firms have employees or contractors...
Proprietary firms don’t accept deposits, that's a broker your thinking of.
Smart money doesn’t like to take risks. If the Cayman Islands is the worlds no 1 location for Hedge Funds and the 5th largest financial centre in the world. It's a highly regulated, highly safe and a very stable...
Quite the cerebral response, clearly, you don't have a clue or you may just not like facts, I'm undecided.
Topics to brush up on:
Series 57
https://www.finra.org/industry/series57#permitted-activities
Series 63, Series 65, Series 67
Caymans...
...because US-based traders are required to take a series 57 exam before trading someone else capital. There is also another exam required to solicit US-based traders as far as I know. This is clearly why they don’t accept US domiciled traders. Yes, they’re also based in the Cayman Islands which...
It's not a warning, its simply because if your a trader trading someone else's money in the US you need to sit an exam to trade someone else’s money that's clearly why they don't accept US applicants. You also need to sit a US based exam to solict US based traders as far as I know . There is...
I'm with these guys and they are pretty good. Licensed makes no difference imo as you're only covered up to a certain amount if they are. With these guys, you have far less in the account than you would at a broker's so far smaller risk. They offered me $1m fixed buying power for 30k down...