I know there are similar threads, but most are brutally out of date. I want to know who has, or is considering joining a prop firm (inhouse or remote) and what one in the decision making process should be looking for. I will post details here, and seek feedback..
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Payout structure (monthly basis)
0-9999$ : 70%
10k+ : 75%
Fees and commissions
Commissions are 0.20 per 1000 shares (0.0002 / share)
Monthly fees for Sterling platform and all quotes and data : 200$
ECNs are 100% passed through.
Markets available : NYSE - NASDAQ - AMEX
Deposit / Buying power / Stop limit
The minimum deposit is 2000$ USD.
Buying power is allocated according to a trader's experience and needs (minimum is usually 200k).
Daily stop limit is set at 10-20% of deposit amount (can be adjusted going forward).
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So what do we think.. what do I need to be aware of (devil is in the details) and any pros/cons people? I currently trade and profitable on average, but capital is tiny tiny tiny.
Cheers
-------------------------------------------------------------------------------------
Payout structure (monthly basis)
0-9999$ : 70%
10k+ : 75%
Fees and commissions
Commissions are 0.20 per 1000 shares (0.0002 / share)
Monthly fees for Sterling platform and all quotes and data : 200$
ECNs are 100% passed through.
Markets available : NYSE - NASDAQ - AMEX
Deposit / Buying power / Stop limit
The minimum deposit is 2000$ USD.
Buying power is allocated according to a trader's experience and needs (minimum is usually 200k).
Daily stop limit is set at 10-20% of deposit amount (can be adjusted going forward).
---------------------------------------------------------------------------------------
So what do we think.. what do I need to be aware of (devil is in the details) and any pros/cons people? I currently trade and profitable on average, but capital is tiny tiny tiny.
Cheers