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Please help finding prop firms which which you can open a franchise/trading floor
- Thread starter Micheloum
- Start date
This question interests me too
T3 Trading has sub-groups. So you could create and become an owner of a sub-group and generate overrides on the traders in your group.
Of course, you'd require a license (the new Series 57) and perhaps other licenses for compliance purposes.
You'd have to ask them on the specifics.
Of course, you'd require a license (the new Series 57) and perhaps other licenses for compliance purposes.
You'd have to ask them on the specifics.
Hold has sub groups. Chimera has sub groups. I would shop around to see who gives you the best wholesale deal.
daytradetheworld (outside the US)
Ive worked at several prop firms and they are all open to traders opening up satellite offices. First firm had offices in London, Singapore, Ireland, Canada and US. Next firm had offices in Ireland, Croatia and India might be on the cards, the secondary offices were all setup by traders from within the group going alone under the firms umbrella, like a franchise.
You will, however be expected to assume a significant proportion of any downside and preferably have a track record trading being able to prove you know the industry and what you are doing. So a typical path would be to trade at the firm for a while, get to know each other and prove yourself to each and go from there.
Its a partnership.
Nobody will set everything up for you and give you free reign to do what you want with no financial comeback.
Taking on trainees is VERY VERY expensive. I would advise only setting up a firm on your own if you have at least 5 experienced guys clearing 200k+ a year.
10 trainees will be about 20k a month in overheads just to sit there. Let alone 6 months or so of losses whilst they learn.
So depends on your capitalization and experience.
You will, however be expected to assume a significant proportion of any downside and preferably have a track record trading being able to prove you know the industry and what you are doing. So a typical path would be to trade at the firm for a while, get to know each other and prove yourself to each and go from there.
Its a partnership.
Nobody will set everything up for you and give you free reign to do what you want with no financial comeback.
Taking on trainees is VERY VERY expensive. I would advise only setting up a firm on your own if you have at least 5 experienced guys clearing 200k+ a year.
10 trainees will be about 20k a month in overheads just to sit there. Let alone 6 months or so of losses whilst they learn.
So depends on your capitalization and experience.