Canadian Trading on Europeon markets.

Quote from risktaker:

So, how's a guy used to trading bigger size elsewhere supposed to get started at Swift? You lose $50 & you're canned for the rest of the day! Completely amateurish to me. It seemed like it was some written in stone rule at the time so I gave up on their 'business model'.

Swift Trade's risk control model is pretty intelligent (I had some exposure to it in the past, essentially current risk allowance is a function of recent performance), but I would agree that it can be a bit challenging to get started there and successfully build size to levels that one can generate a reasonable level of income. The size aspect is also heavily dependent on the comfort level of the franchise owner (i.e. you need to convince the owner to even consider your request to increase size).

The above said, I'm not sure which other approach one could recommend if you start-up a franchise and the traders are not putting up any amount of risk capital - some dollar loss limit is required, else bringing on a number of new traders could quickly bleed you dry. Similar to you, I have considered opening a franchise with them from time to time, but I think it could be quite challenging to build (and more importantly, maintain) a solid branch franchise, particularly given that your best performers are highly likely to depart for better profit splits.
 
Quote from mews:

How are CFD's not allowed to be traded in the US?

It's a US law and reputable foreign brokers will not open an account for US-based individuals as a result.
 
Quote from fastprofittaker:

Swift Trade has access to ALL European markets with low transaction fees and access to large pool of capital.


Fees start at how much and how low can they go ?
 
Quote from SarahNGuyen:

Not exactlly prop, but Gricham Jones does


Please post what you know about Gricham Jones because I think they're a fraud. Looks like some operation pretending to be in business a long time? Charging newbies to learn trading??

It also looks like you work there?
 
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