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There is no "standard" rate with prop firms, it depends on what you negotiate. Like others have posted, definitely go with a registered firm, whether it's WTS/JC or any other legit firm mentioned on these boards.

Check out the thread below and you'll find the list of Series 56 firms. http://elitetrader.com/vb/showthread.php?t=280327

There are a few others such as Avatar Securities and Quasar Trader which are still around, and both are CBSX firms. As you stated, industry regs and changes in the markets are not making it as viable for the equity prop model as before.

Hold's FINRA broker-dealer (now defunct) agreed to pay the fine upon settlement. The financial statements will not "reflect the SEC fine" since Hold had a separate legal entity via the CBSX broker-dealer. The updated financials for prop firms are generally filed at the end of March (for the...

Yeah, Echo had over 20 million in member's equity according to the latest SEC filing, so they were one of the bigger firms out there. I'm not sure if their traders would prefer Redi over Sterling though. Although the industry is still consolidating, at least the series 56 is now being...

a) not sure about the Passperfect materials, as I didn't use their manual however there are many who have posted here that passed with their material. b) the CBOE material is not free. It's available via the CBOE site, here's the link... http://www.cboe.com/LearnCenter/Series56.aspx By...

A trader buddy of mine was researching them awhile back as they were offering the Takion platform. However in the link below it seems they now only use Sterling. http://quasartrader.com/index.html They're a registered prop with CBSX. You can check their financials via the SEC.gov site...

According to the site, a 50k combine for 10 or 20 days still requires a profit objective of $3,500, unless you opt for a custom combine. http://www.topsteptrader.com/Combine

Yes, as I did not meet the profit objective the first time. I started out with solid and steady gains, then had a series of bad days and ended up taking a draw. However I did meet the other parameters. I still believe the TST program is a viable opportunity and look forward to trading the...

That's a cheapshot against Pekelo, he admitted he was not an expert on nat gas. The question he posed is valid, as these type of trades appeared on the last three funded reports. I also was surprised by this particular report and thought perhaps it was some type of software glitch. It...

I rely primarily on TA. Unfortunately, it doesn't look good regarding the target or qualifying for a refund/redo, as I had a few rough days after a solid start and took several draws. I still have a few more days, so I will post a follow up once it's over.

Hi, I've been playing it conservative, trading part-time with mostly 1 lots, total net up just over $650 sim bucks after 11 trading days. So far meeting the scouting parameters (greater than 50% profitable days, avg win greater than avg loss, and avg win duration greater than avg loss...

From the link it claims the site was from 2007 so I don't think it's a new firm. Your best bet is to contact them. If they don't respond, then you can probably conclude they are the same people. And yes, if more traders file complaints then your claims definitely become more credible.

It's good you're starting to get some traction on your complaint. Remember the OSC, just like the SEC, doesn't provide any status updates, even if they decide to take action. The OSC has the following disclaimer on their site: "Regulators can investigate complaints about misconduct and...

Gene Munster was back on CNBC reiterating his lofty price target for AAPL, although he did suggest it "could go back to the $500 level." Analysts get paid to make price targets, which are very subjective. However, the charts indicate the move down from 705 to 505 was followed by a near 50%...

I recall looking into opening an account with offshore firms before going the CBSX route. If you were a U.S. citizen, then you had to form an IBC (international business corporation). Perhaps they've changed the rules and have not updated the website, or he's formed an IBC. Not sure either...

Although Suretrader is in the Bahamas, it's an option you may want to investigate: https://suretrader.com/Why_About.aspx The owner also started SpeedTrader back in 1999 (US broker dealer).

Ok thanks for the clarification regarding the "curve in" feature.

Actually, this is what you and I have discussed endlessly on these threads. The only thing I really had changed was the number of days, allowing for "catch up" days in case of a drawdown, while still meeting the profit objective and other required parameters.

Maverick, Mine starts on Dec 5th, so that's the first day I can trade the combine. I'll post the results as well, win or lose.