if you deposit money into a prop firm you cant get that "deposit" back for a year if i remember correctly. Tell him to buy some bond or div paying stock in his account and get quotes switched off
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Help! Longshot Alert: Newbie Needs a Remote Prop home with no deposit.
- Thread starter drjmpc
- Start date
They don't lock up any money. You pay 4k to get trained and enter the program. There is a refund the first 10 days and after that the money is gone. It isn't a deposit, it is a payment.
Quote from ksonsinc:
Why is it that people are having a lock up period for a year with your deposit
I dont understand
Already this business is tuff enoughjt and if a person wants to leave he has to wait for 1 year till the contract get,s over to get his deposit back
its a sec rule. or at least what i was told by 2 diffrent prop firms
Any firm that lets you trade remote without a deposit of any kind is foolish. If you can find one go for it. And let the rest of us know the name. The firm has everything to lose and nothing to gain except 50% of your profits for a couple months until you build up a few dollars and go to a firm that pays 100% It's a losing business model.
There is a lot of discussion about "training fees" lately. Apparently this is where the prop industry model is going. Simply find a reputable firm that will return your training fee, minus any losses, if you decide to leave.
There is a lot of discussion about "training fees" lately. Apparently this is where the prop industry model is going. Simply find a reputable firm that will return your training fee, minus any losses, if you decide to leave.