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that's a very big misconception. A lot of prop firm owners are very successful themselves. Many traders, myself included, choose to trade discretionary because the payouts are higher and the commissions are lower. if you knew you were profitable, would you rather keep nearly all of your...

with the CBSX firms, discretionary trading positions usually aren't paid. most deposit a require. You can still check these firms to see if anything is available in risk/administration/back-office. I know quite a few traders who ended up finding employment in back-office positions after being...

OP, I understand where you are coming from. My family moved to US from Syria for similar concerns. I think you should leave the US open as a choice. You can find a broker-dealer prop firm that can get you sponsorship (it might not be cheap considering the political climate nowadays for...

just take the test and put up your capital.

Don how well does the FIX stuff work with other popular platforms? I know some guys swear by it but I personally would rather just code straight to the API. I use sterling with 10.6 esignal and it does a pretty good job of managing the orders. The problem i have with using esignals api to put...

some props have a good relationship with esignal and get volume discount. the ones I know off the top of my head are t3 and ctg. i can't seem to find a link to esignal on t3's website but here is one on ctg's - http://capitaltradersgroup.com/website/about/tools-software/e-signal/ I'm not...

Not exactly. The firm has a lot more equity held up at clearing than any one trader. For this reason, most will not allow leverage on certain prices/stocks because they've been burned in the past. You can't ask the margin requirements for 250k in cash be passed on to 5k in cash. it's not salable...

Every firm sets this independently. Most do no margin on anything under $3 and no shorting anything under $1

whats your commission rate? you might need to add clearing + commission fee. Sometimes it's billed separately under what the clearing firm charges and the difference that goes to you brokerage.

Most firms charge fees like that. If I showed you my GS statement and the amount of fees that come for regulatory BS, you could possibly shit yourself and decide prop is a great deal. I've been trading with WTS but I've traded with the other big names before. I've never had one issue with an...

Not geared for prop shops. It's mostly to prevent proprietary trading, or the bank taking risky bets with customers deposits from checking, savings, money market and other types of account. What is possible is that rates will go up. Since some of this prop activity generates massive volume...

to be honest, it's going to be very hard to find leverage on penny stocks. The laws require no margin on penny stocks so it's gonna be tough.

You would need to find a firm that is located outside of the US. the registered US firms which are heavily regulated are exempt from accepting overseas residents. If you are looking for additional leverage & better rates and want to go prop internationally, you will be an independent contractor...

if you're trading symbols under $10-$15 you can find under $1 for 1k shares at the bigger CBSX firms. I'm not sure about the 95% payout, but you can definitely find 80-90%. if it's just BAC you are trading, you can find a firm that does massive volume on those symbols and find maybe even...

Even a branch has to stick to some pretty strict requirements. Most branches probably put up their own risk deposit in case their traders go negative. I'd say nowadays it's closer to 100k & higher if you are going to invest in physical space, computers, tvs, networking, etc.

google finance is free and real-time

I'd like to chime in since I do both commute and trade from home. The environment is very different and I much much prefer working out of an office with other eyes watching the market. Despite all the technology that allows for conferencing with other traders, I find the structure in these...

you can cry & name call all you want. I seriously doubt you are more experienced than me. You may be older but without knowing, it's difficult to just assume. If you had more experience than I do, you would probably recommending firms on ET and not asking for someone to give you a firm that will...

I can offer you: No Deposit 100% payout No commissions no background or credit check no college degree needed no licensing any platform you want free free transportation & housing your own private office with mahogany walls, bookcases and oil paintings and a view of the statue of...

2-3k for 150k is pretty unrealistic. You should be looking for 20-30k. You won't find any reputable place leveraging you 50-75x with 3,000 in your account lol. it's like asking to lose money. Your fees alone will wipe out your account. You won't be able to maintain the fees on a 150k with...