Jigger11,
Next Level is in Flushing,Queens, whereas other prop firms are located in Manhattan which is more convenient for most people. The location is one reason why Next Level might not be able to get a lot of traders. They might be having a hard time getting traders to go to Flushing.
I decided not to consider Next Level because their location was inconvenient for me. I didn't meet with Gill so I don't know what their facilities are like.
If I were you, I would ask him:
1. Why do you want to limit the number of traders?
2. Are you constrained by the size of your trading floor, i.e., how many on-site traders can your location accomodate?
3. Are you limiting the number of traders because you are constrained by the number managers, senior traders, and mentors?
3. How many offsite traders do you want to add?
4. What are the overall growth plans of the company?
Some of the prop firms in Manhattan want to scale to 200-300 traders because they get a cut of what each trader makes. They have a trading methodology that can be effectively applied to a large number of people and they want to take full advantage of that methodology. I don't know why a firm would want to limit the size of his company to a small number of traders unless they were constrained by resources, i.e. management, trading floor, or capital.