Hold used to require the series 7, 55, and 63 for prop trading. Are you SURE licenses aren't required?
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Hold Brothers - Kicking Ass
- Thread starter hawkeye222
- Start date
I heard a rumor that Hold Brothers is no longer allowed to short stocks; can someone confirm or deny this?
They still allow shorts. I can confirm this.
Quote from cstfx:
Can anyone confirm earlier question about whether Hold has relaxed their requirement on series 7 registration or is that still a requirement for their prop trading?
They have a partner company placing ads in Craiglist. I responded to an ad and was given this response..
We are an independent branch office of Hold Brothers, the only professional
day trading firm to ever be highly ranked by a major publication. We offer
you a professional stock trading platform with instant executions and direct
access to every market. Commissions are less then 0.005/share for remote
traders! Per your individual account deposit, we extend you pro-leverage to
trade with. For example: you deposit $5000, you have $100,000 of intraday
buying power. If you have your series 7, 63, 55, we can extend up to 80 to
1 intraday. You keep 90 to 100% of your trading profits depending on
account type you choose.
So from the email they do not require any licensing.
Quote from hidethereal:
They have a partner company placing ads in Craiglist. I responded to an ad and was given this response..
We are an independent branch office of Hold Brothers, the only professional
day trading firm to ever be highly ranked by a major publication. We offer
you a professional stock trading platform with instant executions and direct
access to every market. Commissions are less then 0.005/share for remote
traders! Per your individual account deposit, we extend you pro-leverage to
trade with. For example: you deposit $5000, you have $100,000 of intraday
buying power. If you have your series 7, 63, 55, we can extend up to 80 to
1 intraday. You keep 90 to 100% of your trading profits depending on
account type you choose.
So from the email they do not require any licensing.
then they will treat you like a retail account.