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Dhoh, You're right..... I'm the one that's insecure yet you are the one trying to flex your mighty internet muscles and criticize a post in which I was trying to help people. You must be a very busy and successful man. I'm so honored that you could find the time in your busy schedule to try...

Redi Plus, Ninja and Bberg

It believe it is 2 dollars per thousand but I also believe that they retain 50% of your profits while trading your own money. And at 2 tenths they are still making money on commissions fyi.

Like I said before..... look at the jackass above me who has nothing to contribute aside from trying to correct my spelling on an anonymous posting. People just love to hate on others I guess.

I GUESS THIS WASN'T CLEAR ENOUGH FOR YOU MORON....... Any prop firm that has more than five trades pays anywhere between 50 cents per thousand to 1 dollar per thousand.... Not a cent more. Whatever your commission cost is per thousand subtract a dollar per thousand (just to high ball it) and...

Moron..... try and learn to read..... It would be 60k a year in tickets if you were paying .006 a share assuming that the prop firm themselves was charged .001 a share by the clearing house. So retard, If you trade 1 million shares a month or 50k a day and multiply that by .005 (the amount of...

I don't think that's nearly enough time to learn this job. From what I've heard from various keystone traders who've PMed me, they are all trading 100 - 200 shares at a time. I think it would be very difficult for a new trader to be net positive trading that small share size in the first month.

Why would it be okay for someone to give up a large portion of their gains when they are trading their own money??? How is it trading firm cap when you're using your own money? It's not fraudulent practice, it's just very deceptive as it is when a firm tells you that you're getting a 50/50...

I have never traded at this firm however to get around licensing traders most if not all of these firms use the training fee as a risk deposit. Say the training fee is 5k, if this number is reached in the loss column then most firms have the trader put up more money to take another "Training...

You two morons above are missing the point..... I'm saying that it's ridiculous that these firms are taking a piece of your profits while you're trading your OWN money. Think about it in this sense.... If you used Morgan Stanley as your broker and you were placing your own trades, would you...

Wrong, it's not fair..... B/c it's not advertised as such..... A deal that's 80/20 should be just that... not turn out 50/50 after fees. Also no one should be taking both a cut and commissions when you're trading your own money. It would be one thing if the firm was absorbing the loses, but...

I'm not bashing anyone..... I have named no firms, I am simply providing information that will be useful for any new or old trader who is looking join up with one of these firms. Most people don't know or understand the way that these firms make money and how they are just another number and...

They promote and market traders for other people to invest in..... They require a retainer of a few grand while they are doing this. One of the principles of the company was banned by the nasdaq from ever trading again for defrauding customers and had to pay a six figure fine..... Elie Mellul...

It's common practice for these firms to tell you how they don't usually just let ANYONE join and that you just happen to meet the requirements. Just for common knowledge, any sucker with a check for 5,000 dollars will be accepted b/c the firm has no money at risk...... Worst comes to worst...

It's common practice for these firms to tell you how they don't usually just let ANYONE join and that you just happen to meet the requirements. Just for common knowledge, any sucker with a check for 5,000 dollars will be accepted b/c the firm has no money at risk...... Worst comes to worst...

That's precisely correct...... If you make money they win and if you lose money they still win, just not as much. Oh yeah, and you win too if you make. No matter what they're making commission money on you and if you are making money, by trading your own capital/deposit, then they get a cut of...

Limit Down, Not sure if you think you got rejected from a position b/c of your race or religion, but in the trading world the only thing that matters anywhere you go is if a firm can generate money off of you being there. It's the most cut and dry example of business there is. I've traded...

You have to think of it like a business transaction. Forget about what they are making off you and just concentrate on what you're making without the leverage and what you'd be making with it. Don't get caught up wtih that.... If you think that keeping 85% of what you make with leverage is far...

There are a small handful of shops that are not reliant on deposits and such.... but it is only a very small few and the barrier to entry is extremely high, relatively speaking. First New York, Schoenfeld and Carlin are the only real prop trading firms I'm currently aware of that actually...

I just wanted to write a little blurb here about Prop Trading/ Intraday Trading Firms and how to select one that is both good for you short and long term. I have received many PM's over the last month from lots of new traders that had read previous postings of mine about this subject so I...