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Prop firms are more personalized compared to retail brokerage firms. You want to have a good relationship with your risk manager for when the market is chaotic. I can't even count all the times I got fucked over in my retail accounts because of system outages. Since I joined a prop firm my...

WTS merged with T3 back in 2014. I have no idea what you're talking about.

Prop firms and retail brokers, like Lightspeed, will offer lower rates for trading groups based on total monthly volume.

You can monitor your system with task manager during market hours or use benchmarking programs to stress test your computer. https://www.passmark.com

https://pcpartpicker.com/list/WWLZZR Here's a great computer, $240 less than the comparable XPS easy to upgrade when DRAM prices drop and give yourself 32gb RAM

That's a fine computer, you're just spending ~$300 more than you would if you built it yourself.

and from what I've seen on here shark traders as well? It's ridiculous that anyone would risk that much just to avoid licensing

I agree. To answer OP's question, no you cannot trade at a prop firm unless you are licensed. A few firms have been offering retail PM with SIPC coverage, but that requires a much larger deposit. I'm really interested in seeing how the FINRA exam restructuring will play out for the prop industry.

Don't get me wrong you really have to do your DD on firms. But I have seen many individuals on forums looking for offshore prop firms and mention avoiding licensing.

Why are people so afraid of the exam?