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which is very reasonable for the infrastructure bright has in place.

I know this is written by a prop firm, so spare my soul with the attacks but I think the article points out good points overall: http://capitaltradersgroup.com/website/proprietary-trading-and-retail-brokers-what-every-trader-should-know/ " Many newcomers to stock trading cannot tell the...

Nevis is a reputable int'l broker. They're affiliated with JC, the sponsor of this board. Jeff runs a great group out there.

Discretionary trading is not the same as trading for a company. Your job in the case of being an employee is to complete the task. prop-trading is for trading independent strategies. They are two very different type of businesses.

I agree with Maverick almost 100%. Just my 2 cents. Those that claim the prop firms don't take on risk by providing a trader 20:1 or more leverage is a ridiculous notion. The firm's capital is at risk. They offer a service to professional independent traders.

the 7 will allow you to enter any financial services field in the future. Say you want to accept someone's $$ and trade it for them. You will need a 7, a 56 will not cover you. There are a lot of other examples I can think of.

nope but they will teach you to be compliant...

agreed on that one. the 7 will allow you to do a lot more in the financial field with less additional costs. the 56 is just there to give some bonuses to regulators for the excellent job theyre doing lol

tim sykes = scam artist. I wouldn't take the risk. Just pay the $400 and get the license and register with a firm. You can put it on your resume and it will help your future as additional experience in case you decide to switch fields. I don't see what all the hype is about off-shore brokers...

guys, soliciting is not the same as accepting. As the laws stand, foreign broker-dealers may accept US customers who contact them but they may not solicit or advertise to those customers to initiate contact. The owners are not going to jail anytime soon lol. As long as the corporation is...

give us a little more info like how much capital you want to put up, what BP you need, overnight BP, what rates you looking for, payout, what type of securities you want to trade?

for 100k volume that's about what you can get anywhere, it's a good deal considering you get 20:1 leverage. Make sure to do your research on the firms operations and past traders' experiences

i can't possibly see this ending well for the broker lol

I don't you we have much to worry about, Don. http://blogs.wsj.com/marketbeat/2010/03/15/proprietary-trading-finally-a-definiton/ Here’s how prop trading is defined in the 1,300-plus page Dodd regulatory bill unveiled Monday: (2) the term ‘‘proprietary trading’’— 14 (A)...

nobody charges a fee for occupying space as far as I know. At least not in NYC; however, everyone charges for software & data. It's generally around 250-300 for a good platform and good exchange data like nyse, nasdaq, amex, arca, bats etc..

you can get your costs down below 150 with almost any firm if you get rid of the some of the data. AMEX, ARCA, NYSE, NASDAQ alone over $100. On top of that, the software manufacturer charges for the platform. web-based platforms are generally the least expensive because the data is shared...

look at it this way you can use a firm to reduce costs startup costs and your learning curve, but ultimately, your discretionary trading performance is going to rely on you and you alone.

Hey Don, PM me. I know a really good trader with a professional poker background. has a BS in statistics from UMich and a PhD in econ-math from Columbia. Very bright guy. Most of his market analysis he says goes right over my head to be honest. I'm sure he'd be willing to talk to you on the...

I doubt it'll affect leverage. The financial transaction tax was DOA in the states. the clearing rates will probably rise and so will the software & regulatory fees.

Yes. that dimension along with their software and all their sub groups