Need Guidance Regarding Prop Firms!

T

thechanchanman

Hello all,

I am looking for a legitimate prop firm to trade with professionally in the US, I am willing to put a portion of capital and take/pass series test.

I've traded on and off since 2012, I passed the Velez challenge on my friends account back in the day and I guess they had some issues which caused me to never peruse trading professionally. Was laid off in March and started trading again up around 130% YTD. I only trade equities and use options sparingly, primarily swing trading with some day scalps.

Any recommendation would be greatly appreciate, thank you in advance!
 
If you’re willing to put up capital you should have no problem at all. Begs the question though, why not just get portfolio margin? Or a futures account? To me if you’re putting a risk deposit you’re just paying for mentorship (which there’s nothing wrong with doing )
 
deltaf0rce said:
If you’re willing to put up capital you should have no problem at all. Begs the question though, why not just get portfolio margin? Or a futures account? To me if you’re putting a risk deposit you’re just paying for mentorship (which there’s nothing wrong with doing )
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I trade with 50k account, need 125k for portfolio margin at least with TD not sure about others. Any prop firms you recommend?
 
thechanchanman said:
passed the Velez challenge on my friends account back in the day and I guess they had some issues which caused me to never peruse trading professionally.
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What does this mean? You couldn’t trade professionally at that time, but you can now? In other words, you will be able to get the licenses and pass background checks as US citizen, right?
 
thechanchanman said:
I trade with 50k account, need 125k for portfolio margin at least with TD not sure about others. Any prop firms you recommend?
More...
If you want to trade equities I would look into T3 or Maverick. Maverick emphasizes options though but honestly you should learn options from a pro it will make you a better trader.
 
qlai said:
What does this mean? You couldn’t trade professionally at that time, but you can now? In other words, you will be able to get the licenses and pass background checks as US citizen, right?
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I wasnt interested then essentially but yes I am able to get licenses and pass any checks, I am also a citizen
 
deltaf0rce said:
If you want to trade equities I would look into T3 or Maverick. Maverick emphasizes options though but honestly you should learn options from a pro it will make you a better trader.
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Considering Maverick wants 5k for their options school which is a requisite before handing you over to get funded from T3 anyways.
 
I don’t have first hand experience, but below on my short list:
T3
Kershner/SMB
Seven Points Capital
Great Point Capital
Chimera Securities
Hold Brothers
 
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