LOL. 20:1 in these lean times. Only a matter of time before Trump sneezes and you get caught holding the bag. There is just not enough liquidity in US stocks at the moment to get out in a hurry with minimal slippage. Good luck with that.
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Firm for US equities that accepts EU-based traders
- Thread starter robert_cc
- Start date
Is the strategy fully automated and coded? If so there are a couple of online platforms that will fund it if it meets their criteria. Do you have sharpe ratio over a long period of backtest?
The execution yes. Metrics are looking good over a sufficiently long period of time. The problem with the platforms like this that I have seen is that they are rather limited in what they allow you to do, and I am doing a number of things they do not support, including rotating my symbol list daily. Or are you aware of any such platform that would allow you to do something like that?
Futures are your best bet.
Not really. There are far too few contracts, and most or rather dead most of the time. Same issue with FX. What I am currently doing in stocks does not readily translate to these other asset classes. The better bet there would be to trade mean reversion rather than momo.
I am looking for a prop firm/arcade that supports trading US equities remotely. I am running automated strategies, and my current issue is the restriction on leverage as per Reg T that is forcing me to run well below optimal risk.
This matter becomes a bit more complicated in that I am not a US citizen, and it would appear that legitimate US-based firms like T3 require one to either be a citizen or at least have a working permission.
So, I was wondering if anyone had any suggestions for either a US-based firm that would have me (if those even exists) or a EU/UK-based one. So far, the latter category seems to be a bit of a wasteland compared to the ecosystem in the US. The only thing that I have found is RDT Group out of Poland, but I have been unable to find any independent reviews, which makes me a bit wary.
I'm from Poland, we do not have much props here, so anybody who is "in topic" knows about other ppl. I know that prop, never heard anything bad about the company or the owner. On the contrary, I rather heard positive reviews. In fact you can easily check the owner, find him on any social media or linkedin, write him and just talk to check by yourself.
You can find the name on the bottom of the page:
http://remotedaytradergroup.com/en/about-us-best-prop-trading-firm/
The issue with places like Top Step is that they exclusively support futures (and sometimes FX), but not equities. Presumably that is due to the more capital intensive nature of trading equities, which makes offering them less attractive to companies like TS.
I have been looking for local firms, but there are substantially fewer than in the US, and they mostly trade futures. The ecosystem also seems to be considerably less stable with even seemingly established firms disappearing with little warning.
Maybe with OTM options ? 20:1 is a lot of leverage. In a liquid stock option you might have a good chance to get the maximum amount of leverage.
CFD have a high interest rate priced into them. Could become costly if you are an active trader...