Prop Trading Firm

Hi everyone,
On behalf of my nephew who's asked for some advise on this issue, I've agreed to do some research on this subject matter.
With regard to the previously mentioned definition of a professional:
"A firm takes a trader's risk deposit, and the trader trades his method. The firm makes money from commissions and software fees. So a guy with $5K can trade various leverage levels like 10:1, 30:1, 100:1 in equities. These firms that offer higher leverage justify the risk because they will make more commission dollars."
Does this variation require one to be licensed?
How about an arcade relationship?
Thanks in advance.
 
Quote from phil_rj:

Thanks for the reply, monistat7. Any ideas, then, as to which firms would be a good place to start?

I've got an interview with Hold Brothers (they don't have a capital contribution). Any thoughts on them? I assume that since firm capital is involved, they could be stringent on the interview. Any tips on interview strategy will be much appreciated.
More...

Curious, does hold require a license ?


NK
 
anyone with trading experience at remotedaytrader.com it website says trade with $5000 deposit and guardian trading it website says trade with a$3000 deposit thank you for comment or info about
 
Would you therefore say a prop shop that doesnt make commissions of your trades would be a better one to go for as surly they have your trding success at their best interest?

Or do these not exist?
 
There are a few, but that doesn't mean that they will teach you how to trade.

Firms who make nada on commish will usually look for established traders. Or there's Swift.
 
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