remote prop firms

Always go directly to the source prop house once someone asks you to PM them.

They take a cut off your top acting as bounty hunters trying to troll in traders....

5-10% cuts off the top and some of your ticket charges go into their account.....

Use them for research then contact the prop houses on your own...you can set up a better deal on your own....

Yours in trading
 
Quote from chiguy:

you talking pro or prop?
More...

What is the difference between pro and prop?

(Aside: i would never have thought that people who suggest a firm to me would actually be getting a cut of my commissions if i decide to go with that firm!)
 
momo trader99,

you can try www.proptrading.ca

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momo you might want to be careful with this firm they don't have a very solid reputation and a few taders I know have had issues with money being returned to them I would go with a more reputable prop firm

Stay away from GMMI unless you like money disputes in your life.
 
pro...you use your own funds...you are liscensed...get 100% payout...better leverage


prop...you use the firms money...you get a percentage of your gains...sometimes a small salary...if you don't make money you are gone...
 
pro...you use your own funds...you are liscensed...get 100% payout...better leverage
More...
Why would you go "PRO" when you could just go on your own?

If i'm putting up all of my own money why not go "prop"
 
Quote from spreadem:

Why would you go "PRO" when you could just go on your own?

If i'm putting up all of my own money why not go "prop"
More...

when you are pro you are on your own...you still need someone to supply software and clearing...
 
That's not quite right:
http://finanzen.net/news/news_detail.asp?NewsNr=375002
E*Trade Professional was up-for-sale back in November and there were no offers for the division.
E*Trade Corporation decided to buy-out the separate entity and now they are renaming it (good move).
Why they are naming it after that rather ancient order entry platform that hasn't seen a significant upgrade in years is beyond me. I guess it sounds impressive...."Lightspeed Professional Trading".
Hmmmm.....this is just further confirmation of the horrible business conditions in the pro/prop trading arena.
 
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