Are there any honest, reliable prop firms out there?

Quote from bonds:

I'm trading with my 4th prop firm right now... all of whom have been mentioned extensively (both good and bad) on this board. I have had at least minor problems with every single one of them from being overcharged commissions, hidden fees, late payments, lying to me about my check be sent out when it hasnt been, poor customer service... im making very good money for these firms based on my volume and pl but i still continue to get bad experience over and over....

Now would i would like to know is this the norm in this business or does an honest, reliable prop firm exist out there? One that charges you what they say and pays you when they say they will. If there truly is one out there please post or pm me....

I'm getting VERY frustrated.
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yes,

Bright Brothers.....

hands down,

there are few others too....
 
Quote from WannabeTrader27:

Say's a lot about the "traders" at swift lol.
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Almost free trading....but you "give up" half your profits!!!
No way.

I can't imagine why profitable traders would give away half of their money. Just my .02.
 
There are many profitable traders that risk their own money in "prop" that would love the opportunity to have 0 risk on firm capital and give up some in way of payout for a chance to trade real size with no risk.

(possibly me for one)
 
Quote from USAtrader:

There are many profitable traders that risk their own money in "prop" that would love the opportunity to have 0 risk on firm capital and give up some in way of payout for a chance to trade real size with no risk.
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50% of your profits is not "giving up some", that's just ridiculous. :)
 
You're right. 50% is not "some". COming from someone with 95-99% payout.

Let me clairfy what I mean. The chance though to trade on an entirely different scale with 0 risk with a 50% split can be a very good deal. I don't know squat about swift, and I don't refer to them specifically, but to the idea we're discussing. Of course if you're not given the ability to trade on a mucho larger scale, than I'm totally with you.

What do you think?
 
Quote from USAtrader:

Let me clairfy what I mean. The chance though to trade on an entirely different scale with 0 risk with a 50% split can be a very good deal....Of course if you're not given the ability to trade on a mucho larger scale, than I'm totally with you.

What do you think?
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OK, I understand your reasoning now.

I agree with you. Zero risk with a 50% split and MASSIVE buying power would be worth it. However, unless you have access to a MINIMUM of 10 million buying power, I would say that a successful professional trader would be better off on a commission scale with a 100% payout and solid amount of prop leverage (1-2 million plus).
 
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