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materazzi5, Part of your H1b requirement is to work only for one employer, joining a prop firm would be considered as second employment and violate your H1b criteria. But i think you are confusing OPT and H1b, you can work on OPT for any number of companies and in any field, INS has no tabs on...

ksonsinc, The problem with being in the US as a non permanent resident is a murky one, your status is not permanent and at the same time you cannot claim the same tax benefits a foreigner can claim due to tax treaties. If you were outside the country you can file a 8 WBEN form for Tax and its...

I have done quite a bit of research on this issue, it is considered as a job and you need to be sponsored by an employer who files taxes. Moreover the job that you undertake should be related to your coursework. There is no way out of this, if you decide to proceed to work for a prop firm ...

"and have paid your mentoring firm many times over, I think every successful trader then owes it to themselves to look for the best deal they can and at some point stop paying that 30%. Paying it forever doesn't seem fair to me unless they are teaching you forever." -- Yeah Sure :eek: :eek:

Does anyone have website links for these firms ?

Their account opening process is a bit long and slow, but i think they have a good name in these forums. I have just opened an account and yet to fund it. So my experience ends there.

Cygroup

Surdo, you are correct. I did not think about that. Me being a foreigner , didnt bother me much.

Yes,I have heard about them in this link.Check it out : http://www.elitetrader.com/vb/showthread.php?s=&threadid=159712

In my search for one i found Nevis trading based out of W.Indies , they have some sort of tie up JC trading..

Shouldnt you want some form of capital to provide leverage for all the traders you plan to recruit ?

Did you get my PM ? Are you looking for a similar setup ?

makes sense, Thanks for the information.

I am on a work visa sponsored by an employer, How would day-trading using a prop firm be classified as ? I have been looking at prop firms that allow you to daytrade by using a small risk deposit. 5K - 20X leverage. I would be givien a K1 to file my taxes with. Is this considered self...

Forgive my ignorance, i am a newbie here, isnt this very similar to a Ponzi scheme ? As long as the market holds, your deposit would be safe,in am ideal market .. someone has to loose money. Image you trading with 25K and you blow , you suffer the consecuence by taking the loss yourself. Now...

What is the name of the firm ? I am looking for such a firm too and it seems to be the norm everywhere.

How good is this Prop firm, I am new and looking for a online prop firm that offers leverage. Only this firm offers all the information on their website, unlike others who do not advertise the leverage part. But their fees are much higher than others. Other firms i researched : cy group and...