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Firm doesnt take 100% of the risks. That's 100% crap remark. they limit the size of what the trader can trade so that they don't risk much. And in most cases, junior traders stay close to flat gross but obviously down net after the gigantic commissions.

the deal you got is pretty much a scam but you might have no other choices but to accept it at first, if you have no capital and no experience. Once you've got a business set up, which might take up to 2/3 years if you ever get successful, you'll have to renegotiate and probably leave this...