Best Prop Firm At This Point In Time

prop to me is the best way to go.WHY because i have a small amount of money up,pay low commissions and have access to over 1 million bucks daily.i pay no min or desk fee so that why PROP is right for me.'
momo
 
assent...

been there since the beginning...still around
new anvil software is TOP notch

offices all over the country

thats for equities.....the rest i have no idea bout

d
 
Quote from jungleland78:

dont know the best..but echo is the worst. i was trading there 2 years ago and while the platform was very good, the managment was less than good.
More...

Don't know what your problem was with ECHO, but I realize individuals can have widely different experiences. I have traded with ECHO for 2 years. I think the firm kicks ass in a number of different ways. The management has changed from 2 years ago, back to Jeff DeWitt returning as CEO. He and Rob Keller were the founders of the firm who initially built it into a great, stable, company to trade with. I love ECHO, and their recent affiliation with Merrill Lynch only makes them stronger and more secure.

I'm just a remote trader with them, not a recruiter, principal, or office manager, but they have been forthright and honest with me in every way. I couldn't imagine changing to another firm for any reason right now.
 
Quote from I Missed Boat:

This is basically the right attitude. I see so many people talking trash about props that require putting down (or building up) some capital, and so many people here who get angry over it. I think retail is best for many people, and it certainly has certain advantages (such as not risking your capital going down with the firm-ie having capital insured), but prop works well for many others. But for those who don't get it, who the hell cares. Why bother arguing about it with people who have no bearing on the deal one gets or one's trading. Sometimes I even get a kick out of it, just as I get some small enjoyment out of people who ask me what I do, and then they figure I'm one of the relics losing my lunch money in my parent's garage. I don't bother proving otherwise, I just smile and walk on. But that's just me! :)
More...

Once again, I find myself agreeing with you...especially with the "what's the use arguing about it" mentioned above.

In my opinion:

It takes $1-$3 Million to exploit the working strategies these days (Opening Only, pairs, automation, M&A, etc.).
Most people don't have that much to trade with.
Most traders are willing to take the initial amount of risk if they can get involved for $20K-$50K or so.

We provide the use of capital, our traders take a small amount of risk.

There is an unlimited upside, and a (very) limited downside to our business model for traders.

I thought it' was great, back in the 1970s, when I could put up $25K and use SLK/GS money to trade with, Without giving away any of my profits. We simply do the same thing.

As I said, this is how I see it...hardly any reason for argument.

All the best...

Don
 
Quote from tdoc:

Don't know what your problem was with ECHO, but I realize individuals can have widely different experiences. I have traded with ECHO for 2 years. I think the firm kicks ass in a number of different ways. The management has changed from 2 years ago, back to Jeff DeWitt returning as CEO. He and Rob Keller were the founders of the firm who initially built it into a great, stable, company to trade with. I love ECHO, and their recent affiliation with Merrill Lynch only makes them stronger and more secure.

I'm just a remote trader with them, not a recruiter, principal, or office manager, but they have been forthright and honest with me in every way. I couldn't imagine changing to another firm for any reason right now.
More...

I agree totally. The firm is first rate. I am remote too and have never had a problem with them. If anything they have bent over backwards to help me fix issues with commissions or tech stuff.
 
echo is a pretty solid firm although their commissions arent the best (but not the worst either) and their execution seems a bit slow and shakey (systems crashing or lagging) the past few months. other than that, they are fairly professional and dont seem shady at all.

genesis has some crazy low rates and supposedly they have the fastest execution anywhere but i have never traded there so i cannot verify their trading environment.
 
Anybody with specific questions about echotrade you may PM me. I am the comanger of the LA branch. There are alot of exciting things going on with our firm including the recent merger with Merrill. Our software has gone many changes that incorporate lot of options and features that make "switching" from other platforms quite easy. Also there are new changes coming soon with our automation etc. Rates shouldn't be the most important thing when deciding a firm but the rates offered here are quite low. If you are interested in training we offer that as well at our office. Good luck with your trading.

Sung Cho
Echotrade LA
310-455-6051
 
You must log in or register to reply here.
Back
Top