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You have to go to clearing and open an account (price generally based off volume), then go to software manufacturer, then accounting software manufacturer, then to the right regulatory body and obtain the proper license - if you are in the US. I would say a rough figure on the estimate is...

Maybe you're some trader who lost their $$ and is mad at the advice you received. I literally receive dozens of PMs a month from traders thanking me for my advice and opinion. So, to be honest, one dude's opinion doesn't matter to me.

if you're willing to get a 7 and put up 25k, I believe Mr. Bright's firm is still teaching pairs trading. Some firms like WTS have strategies that teach you to execute really well. You can take advantage of some of those routes until you're either kicked off them or they find a way to counteract...

I have no idea who you are and depending on the context that was made in, it most likely doesn't apply here. There are lots of good trading firms around the globe trading many different markets. No matter how long you've been trading, there are always going to be others you are unfamiliar with...

unregistered prop-firms don't generally clear directly through clearing, they go through larger prop-firms. Such is the case in the US where most firms now clear through WTS. Belize is in the Caribbean but their financial industry is regulated by IFSC and other international regulatory bodies...

Thanks Guys. I've looked at some. Nonko & Nevis seem a bit too discrete for me since they are located in such remote areas. I like IB & TM Global. TM Global seems to have better rates & customer service. IB is in Belize and TMGC is in Israel. I feel a bit more comfortable doing business with...

Stick with firms that have good reviews and have been around for at least a few years. the whole online training thing doesn't involve the type of action and interaction you need to become successful trading. Is this office near you or is it a remote program? You have a better shot learning...

how does someone with the username "free thinker" copy & paste from a source with obvious special-interests like business insider. Despite what some want to believe, the economy is going down the toilet. Unless you really haven't been paying attention - both the democrats and republicans are...

Hey Guys, Just a quick question. I'm looking for a reputable broker that is located overseas. According to what I've read, the regulatory climate for prop traders is going to wreak havoc on trading firms. I'm not really sure if going overseas is the only viable option left, but it does seem...

Like I said, Government doesn't really care about your small deposit or that firm. Whether someone wants to accept it or not, all they care about is appeasing the huge banks and firms that donate tons of money to make sure gov't protects them. Small Claims and other lawsuits are going to...

Generally speaking, those firms take advantage of order-flow (bids and offers) & arbitrage opportunities. There aren't many who sit and look for new opportunities to enter positions. Most have setup their trading to take advantage of one small opportunity. A lot of their profits comes from...

How much was the deposit? You may be better off just hiring a private investigator to find this guy and get your $$ back. The courts consistently throw cases like this out over a matter of semantics or some other bullshit. I have a case against a trader who owes me 8k for about 3 years now and...

everybody should be up monday. the issue was transportation. some firms had staff in place but it was minimal since it was limited to employees living in manhattan. There still isn't a way in for people in many parts of brooklyn and the jersey people are dealing with worse situations than we are...

LOL the secret service is not worried about someone's 15k trading deposit. the FBI deals with some shady business as well. I would go to a lawyer to locate and threaten personal lawsuit against the alleged owner/owners. The CBOE carries info on the subgroups of the b/d firms as well. If they...

Is it at all possible for you to show-up at their offices? I've done some research on them. from their website: "Globus Trading LLC is not a registered broker-dealer and not registered with the Securities and Exchange Commission nor with National Association of Securities Dealers nor with any...

The prop business is rough. The only guys left around are the highly-capitalized and very organized firms and some are even growing into retail and designing their own software and expanding into the retail world. The truth is the industry might not last another 4 years of Obama/Romney. There...

I say it's a toss up. The laws aren't meant to protect the traders but to protect the secrecy of the largest government-related financial institutions. It's a load of BS. The CBSX registration was good up until they decided traders are not customers add need to be treated like criminals being...

I haven't received mine either. A lot of extensions being filed this year. I'm still going through all my documents trying to figure out what's going on. I can't really blame the firm though. These tax codes change like a girl changes clothes. I am experiencing the same issues in my non-trading...

you are required to get a series 56 if you trade with a CBSX firm. The exchange that oversees the firm is regulated and has these requirements. It is different for companies outside the US but there is less oversight. The big US exchanges usually require a license like 7 or 56 in the case of the...

95% of all small businesses fail. You're up against very well capitalized firms that can lose infinite amounts of money and be "bailed-out". for 10% to be profitable under these circumstances actually makes day-trading a good choice.