Best Prop OPTIONS Firm?

newwurldmn · Nov 9, 2011

Quote from lionline:

sounds like a great ET deal to me! lol

typical options firms rarely take in deposit - only so in the beginning - and you trade firm capital.

the splits are not too aggressive - but this is a different ball game.

the guys that run these need to SPECIALIZE in options.
from what it seems in previous posts these firms just "accommodate" for options trading - not really for option traders.

and an option prop firm is not for someone to just try out and gamble

best of luck

oh and Eric - sent you a PM

So those deposit requirements are only for say 6 months or until you can claw it back (make enough that you are positive equity to them?)
Why are they paying you 90% then? Why not pay 50% like a First New York (who by the way has a few vol traders).

bigvolume · Nov 9, 2011

Quote from EvOTrAdEr:

MB charges a ticket charge too, don't they? Also, PDT rule

I am not with them. According to their website, they have no ticket charge.
For cash account, no PDT rule. PDT only apply on margin account.

Quarry · Nov 29, 2011

Quote from EvOTrAdEr:

EchoTrade - 25,000 minimum, no leverage
Capital Traders Group - 1.00 per contract, no tickets - 5k minimum, 3:1 leverage
T3 - 10,000 minimum, no leverage, 90/10 split
coastal trading - 1.5x leverage, 10,000 minimum, 1.5 per contract, no tickets.
dimension - 15,000 deposit, no leverage, $2.00 per contract

Add to the list

VTrader - $100,000K minimum. Portfolio Margin. .30 per contract. No leverage Not sure about any splits
Maverick Trading - $5,000 deposit, $20K firm capital, Portfolio Margin, .50-.70 per contract 70/30 split
Dimension Trading - $10,000 Deposit, No leverage. $1.00 per contract 90/10 split

propslave · Nov 30, 2011

I would assume none of these firms allow naked equity with margin? Or maybe they do with a large enough deposit?

Quarry · Nov 30, 2011

Best thing to do is contact them and ask.

Peternam · Nov 30, 2011

Quote from Quarry:

Add to the list

VTrader - $100,000K minimum. Portfolio Margin. .30 per contract. No leverage Not sure about any splits
Maverick Trading - $5,000 deposit, $20K firm capital, Portfolio Margin, .50-.70 per contract 70/30 split
Dimension Trading - $10,000 Deposit, No leverage. $1.00 per contract 90/10 split

Vtrader looks really good..

Maverick74 · Nov 30, 2011

Quote from Peternam:

Vtrader looks really good..

VTrader is now backing traders.

Peternam · Nov 30, 2011

Quote from Maverick74:

VTrader is now backing traders.

Since when ?

Remote also ?

What are the requirements for backing traders ? A good track record ?

Maverick74 · Nov 30, 2011

Quote from Peternam:

Since when ?

Remote also ?

What are the requirements for backing traders ? A good track record ?

Yup. And yes to remote. And yeah, I think a good track record would be nice. LOL.

uptickk · Nov 30, 2011

VTrader might want to remove MF Global as a Clearing Firm choice...

http://vtraderpro.com/Partners.php