Prop firm w/ no capital contributions

With no capital contribution or clearing any exams, in India there are pretty many firms coming with the following deal:
1. Basic Salary: no matter wether u make or loose. In any case if u are fired, shall be payed salary till that day.
2. Profit Sharing: 30-70%, depending on the comissions charged and monthly P/L of trader
3. Comissions charged are between 2$ to 10$ per ticket, depending on the profit-sharing deal.

they've been able to attract gud talent here :)
 
Quote from .00019orbust:

i dunno.

theres 75 % splits with .008 2k draw

theres 30 % splits with .004 2k salary

does that mean you shouldn't take the deal you got? If you have no experience, doesn't matter then. But if u do, then I don't think its such a hot deal...of course if you did have experience i don't think u'd be asking this on ET, fair enough eh.
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Dont forget 35% with .01 and 0 salary and $50 loss limit per day. All for the special "no capital contribution" deal.
 
Quote from trader#21:

With no capital contribution or clearing any exams, in India there are pretty many firms coming with the following deal:
1. Basic Salary: no matter wether u make or loose. In any case if u are fired, shall be payed salary till that day.
2. Profit Sharing: 30-70%, depending on the comissions charged and monthly P/L of trader
3. Comissions charged are between 2$ to 10$ per ticket, depending on the profit-sharing deal.

they've been able to attract gud talent here :)
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A daily wage in India is a cup of rice so I don’t think salary matters. You will never make money off that deal day trading either. Now if you tell me its swing trading I think you can do well if you’re a good trader.
 
Quote from brokerboy:

A daily wage in India is a cup of rice so I don’t think salary matters. You will never make money off that deal day trading either. Now if you tell me its swing trading I think you can do well if you’re a good trader.
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Kinda lot different from that.

The profit sharing comes with the salary. So now if I make 40k pm like my buddy in US, I get a payout of around 25k USD. Since living costs here are 1/10 of US, that means a fucking killing. I am talking about making money daytrading NASDAQ.

Alrite, if u wanna say there's no money in daytrading, wud like to inform u there are many making 50k pm. Now I am not interested in posting my ledger, so u may take it any way u like. Peace.
 
Quote from stockcharts:

Recent graduate here wondering if prop firms with no capital contributions and 70% profit payouts is a good way to start a trading career?
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Damn.....never heard of something like that.
 
It sounds to me he's not telling the whole story. Typically the new scam is to offer no deposit and a good payout. But then you have to take their "proprietary course" which amounts to old school tape reading that applied before NYSE went electronic. The tuition is typically 5 grand. Which is the typical deposit these old firms used to require.
 
0 contribution seems too good to be true. they would risk themselves especially when they're not monitoring you every second. i trade with a pretty good prop firm for a couple years right now. pm if you have questions.
 
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