Looking for a Good Prop Firm

why is it so hard to find the right prop?

is it because majority of them are not real prop firms? or they that y don't trust them from stealing your money. only go with prop accounts directly with a broker/dealer..that have prop division and don't deposit too much more as most prop acconts have no insurance against fraud, embezzlement,chapter 11 or broker/dealer insolvency etc. or prop firm restricting withdrawals. unless you trade 100% of their capital...the trader should be taking 100% of any profit...why give them any profit...they are not giving you any capital and you are most likely paying markup in commissinos.

but just firms prop trading setups or prop trading operations that make money on commission markups rather than letting the trader trade firm capital.

unless the firm let you trade the firms capital without any capital contribution, it's not really prop firm by definition.

if the firm doesn't even have $10,000 for the new trader to trade and share the 60/40,,,,it really says a lot about the firms capital resources

the business model of most prop firms that require capital contribution is markup on comissions...

there is a market for daytraders that want 10:1 intra-day leverage.

but than again may 6,,any daytrader that had 10:1 margin and fully margined and no mechanical stops would have had their account blown out and owe their broker money. blue moon, or black swans...it could take a years of work just to break even

Quote from djmartin:

Ha guys been doing a lot of research. Finding the right prob firm is kinda hard. I'll let you guys know what I come up with in a couple of days.
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Quote from businessstaxes:

why is it so hard to find the right prop?

is it because majority of them are not real prop firms? or they that y don't trust them from stealing your money. only go with prop accounts directly with a broker/dealer..that have prop division and don't deposit too much more as most prop acconts have no insurance against fraud, embezzlement,chapter 11 or broker/dealer insolvency etc. or prop firm restricting withdrawals. unless you trade 100% of their capital...the trader should be taking 100% of any profit...why give them any profit...they are not giving you any capital and you are most likely paying markup in commissinos.

but just firms prop trading setups or prop trading operations that make money on commission markups rather than letting the trader trade firm capital.

unless the firm let you trade the firms capital without any capital contribution, it's not really prop firm by definition.

if the firm doesn't even have $10,000 for the new trader to trade and share the 60/40,,,,it really says a lot about the firms capital resources

the business model of most prop firms that require capital contribution is markup on comissions...

there is a market for daytraders that want 10:1 intra-day leverage.

but than again may 6,,any daytrader that had 10:1 margin and fully margined and no mechanical stops would have had their account blown out and owe their broker money. blue moon, or black swans...it could take a years of work just to break even
More...

I kinda agree with most of what you said but a prop firm has to make there money somewhere. I'm just talking in general, thats the problem with America we all want something for nothing, you have to give a little to get a little. We can't expect a firm to say I'll give you good leverage and the lowest possible commission. I do agree that most prop firm aren't real prop firm, there should be another name for them. We have to remember we can't have it both ways.
 
Quote from Dabek FX:

If you're shopping for a proprietary trading firm, I found this tool:
www.daytraderjobs.com
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I saw on the first site there is the broker/dealer Coastal Trade Securities. Is this a more reputable firm to open an account with? I am newer to trading, but I am not stupid and I want my money with a firm which I can trust.
 
Whatever you want to call these firms, if they give you good service, connectivity to different products and platforms in addition to leverage then its generally better than you would get on your own.

If anyone doesnt think thats fair they should open a retail account. Firms do need to make money. You can get 4-1 with 25k plus or if you are well capitalized enough open a portfolio margin account or multiple accounts if need be to facilitate your needs.
 
Just looking at getting into this. Is 35% what I should be expecting to start at, with zero capital in? Plus $500 for education? And also maybe 4 to 6 months before I start making any money?

For me, someone coming in after working 10 years in another industry completely, it sounds fair. But as I read more posts, it sounds like a rip off.
 
I want to trade for .00000000000000000001 per share and get paid by all the ECN's when I add OR remove liquidity.

I also want a 100% payout and a 10% bonus payout from the firm during my birthday month and 600-1 leverage.

Also, I need access to Bloomberg, Reuters, and Dow Jones, and guarantee that my software will never experience slowness or stuck quotes.

Oh yeah, I only want to risk $57 dollars of my own money.

All firms can start bidding for my account now.

You're welcome.
 
.00000000000000000001 per share seems a little high if your putting $57 of your own money at risk. Especially if you're trading 100 shares or more a month.

You have to pay for value you receive.
 
Quote from Trujillotrader:

I saw on the first site there is the broker/dealer Coastal Trade Securities. Is this a more reputable firm to open an account with? I am newer to trading, but I am not stupid and I want my money with a firm which I can trust.
More...

I don't know much about coastal but they are a Broker Dealer which is a step in the right direction.
 
Quote from djmartin:

I'm looking for a good Prop Firm or Staffing Agency. I'm a experiences trader who doesn't need any training, all I need is low commission and Good Leverage. Any Ideas? Looking for other firms beside the ones listed here.
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send me a pm, I think I can help you.

best
wreckingcrew
 
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