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I wasn't aware of any "secrecy" clause. If you want to trade elsewhere and reveal your stats privately to another firm, then I can't see how that wouldn't be allowed. Let's say you trade for a year and receive a 1099, that is YOUR private information, and not the property of the firm. I'm...

99% payout is very good, but $3 per 1,000 isn't the best if you end up taking liquidity on lots of trades, since that can add up fast on 1M shares/month. Riskparity: although T3 may have "high rates and fees" it's different if you go through a sub, as DT3 mentioned, subs are "Class B" members...

I think it works in BOTH the trader's interest and the partner's interest to give some feedback regarding the stats of the funded traders. When I asked about it, the answer (which makes sense) is the partner firm is private, and their stats are proprietary information, thus has no obligation to...

With the rules of the combine, if you are negative on just one product and positive on the other 5, and met all of the other parameters, you would still "fail" the combine. So my guess is it's no different in the live account, which means you'd be sent back to the combine. Besides, why would...

Since you're in Canada, you may already know about WTS: http://www.wtstrading.com (Note: this is not the U.S. based prop division, which was acquired by T3 Trading). As always, do your own due diligence with any firm.

I believe Bright Trading has an office in Vancouver, B.C. http://www.stocktrading.com Also, check out Suretrader (Bahamas). http://www.suretrader.com

If this is the same firm you're mentioning, then it seems they operate as a hedge fund: http://www.sec.gov/Archives/edgar/data/1582725/000101905613000890/xslFormDX01/primary_doc.xml

The 150k combine has a no weekly loss limit, only a daily max loss limit and total draw. The 150k live account adds a weekly loss limit in addition to a daily and a max draw. So even if you had a "record" for the "highest earning combine" the factors to measure are within the LIVE 150k...

Yes, and he also posted THIS statement: "The reason for sharing this trade is to show you what a thin razor's edge you are walking trading a TST combine or LTP." As we've both stated, the combine number is "irrelevant" as it's only the first step. Sure, it's a good way to get a funded...

"...afraid leaving too much cash in a brokerage account." Why? Firms such as IB, Schwab, Fidelity, TDAmeitrade have clients with seven figure accounts. Cash is protected by SIPC up to $250,000 (it's not FDIC insured like a bank, however there are restrictions for large brokerage accounts to...

"I've been working at the office..." What have others who are working at the office done? Did they wire money offshore? Are they all trading demo accounts? "I've done research with this firm and they seem reputable. But one never really knows." What research? What convinced you they "seem...

Interesting that they DID pay the first installment of over $500k, and they DID pay their Class B members (see item 31 in the complaint, link below). However, I'm not sure you're aware that Hold Brothers has TWO companies, Hold Brothers Online Investment Services ("Hold Brothers") and Hold...

My understanding and recollection from my own trading account, unless you have claimed the MTM status (Mark To Market) with the IRS for your trading business, then you are capped at $3,000 carry forward losses. Otherwise, you can carry forward the entire loss until it's offset by gains. (I...

Your capital is subject to a lock up period by the firm for one year from the date your capital was submitted. As the op said, you are not a customer, but rather a "Class B" member of the LLC, since a registered prop firm does not maintain customer accounts. This has been discussed extensively...

When you submit a capital contribution, your firm has LOTS of compliance issues to deal with, and holding capital for a dormant account is frowned upon when they have their audits. In your post you mention you made the capital contribution "a few months ago after passing my Series 7." The...

Avatar Securities Quasar Trading Hold Brothers All require the Series 56. The remaining were already mentioned: T3/WTS, Bright, and Chimera.

Make sure you are aware of earnings, and if you're up nicely before a company reports, then scale out before the number. You can always hold some if you're well versed in the company's financials. But even with that, sometimes the stock still gaps lower if the number was positive but wasn't...

http://www.elitetrader.com/et/index.php?threads/wts-alliance-with-t3-trading.287437/

Interesting. Their address on the site is listed in the Virgin Islands, albeit a P.O. box as Chuck Krug mentioned.

Offering "too much leverage" is subjective. If they have proper risk controls in place for each of their accounts, then it's not a big deal. The standard at props is 20x. Find out if you are responsible for any capital losses in excess of your deposit. Ya, the PO Box is a bit of a concern...