prop vs. retail brokers

[stock777]

" If you hope to go to a prop firm, sit next to their #1 most profitable traders each day, and ask them direct questions on how they are trading and why => forgetaboutit."


That's why they all come here to et , hoping some great trader will forget it's the internet and actually reveal something that isn't total marketing bs .

fuggedaboutit

 

[EvOTraderV2]

Don't get me wrong, I agree. for 500k+, you have a lot of options; However, if you're working with 50k, those points are still valid. I'm not sure where the 500k came from. I may have skipped over that but I posted that with the assumption that I don't know how much capital the OP has to invest. The benefits for prop are on the smaller account side. this is true for both leverage, rates and market access / execution speed.

Quote from 1245:

Just to be clear, not all "retail" account are the same. There is retail and institutional customer. Most retail accounts are Reg-t with "smart" routes. Shorting stocks is not a typical order. Institutional accounts get access to the same locates at the same clearing broker as the prop firm, and what ever dark pools that are offered by their broker plus DMA, if they want it, most don't care.

The big advantage for the prop choice is that a small account has access to whatever buying power your firm has available and wishes to assign you and typically lower rates. For smaller accounts, it is your only choice. Most bigger account would never choose to join a prop firm unless they have some technology that would offer some edge only available in that way.

It's just not typical for an account over $500k to choose a prop firm.

1245