Remote trading prop firms

reid5525 · Sep 22, 2011

Know of any?

dealmaker · Sep 22, 2011

ECHOtrade, Bright Trading.

reid5525 · Sep 22, 2011

any others?

ScalperJoe · Sep 22, 2011

There are many, use the "search" feature or read the posts in the prop firms thread.

Here's a link which is a bit outdated, but has many props. Of course, do your own due diligence.

http://www.traderslog.com/proprietarytradingfirms.htm

blackstormcap · Sep 23, 2011

i dont like the platform fee at bright

reid5525 · Sep 23, 2011

Thanks for the info.

Don Bright · Sep 23, 2011

Quote from blackstormcap:

i dont like the platform fee at bright

(OK, but, just to be clear).

$200 per month (includes DDE links NYSE Level One date, and monthly exchange fees)... And, is fully rebated if you only trade 200k shares (a very small number relatively).

FWIW,

Don

peilthetraveler · Sep 23, 2011

Bright trading is good because you always have access to someone there whether on the instant messaging or if your internet goes down, someone always answers the phone right away. Customer service is above and beyond at Bright and always having access to a live person is worth paying higher fees.

Try getting someone on the phone at IB or another broker.

reid5525 · Sep 23, 2011

Do U.S. remote prop firms take overseas traders. Would those overseas traders need to have like a series 7 license when it's required by U.S. traders. Maybe Don Bright can say something about that.

THECOLONEL · Sep 23, 2011

Prop trading and retail are two different types of trading.The former takes the whole risk- the latter will require a deposit.Also retail will prob try and screw you on exchange fees- and charge you a " desk fee"-also known as " Bums on seats" etc.Steer clear of this sort of operation, used to be profitable- but not anymore- U may as well Spread bet- As thats tax free, with a 2 tick spread on Bunds etc...