Seems to be that US Trading Capital is trying to address the issue of traders who want BP, but who feel uncomfortable giving thier money to a random LLC (prop shop, arcade). In that regard, it's reasonable.
What is not reasonable is the 20k requirement. Bright Trading requires that kind of "buy-in", but they also give you at least 1 million in BP. Call Don, he'll tell you that.
If US Trading Capital wants to lower the buy-in and increase the leverage, then it seems to me the only pitch would be safety of funds, in which case, I don't see why every prop trader in America wouldn't switch to them.
I'm perplexed as to why they are requiring such a high contribution while offering so little leverage on a comp basis.
Again: It would be fairly easy to capture the entire prop trading industry by offering a low cap contribution and high leverage - just combine that with safety of funds. I suppose the only issue is logistics - how do you measure individual trader risk in real-time. Easy: cut them off when their balance goes negative.
US Trading Capital: Do you have any plans to improve your model to attract more prop traders? Expanding your base of traders would become self-fulfilling and would convince traders, like me, who want to be independent, but who prefer a lower upfront capital contribution with a REPUTABLE firm.
At the very least, you need to recognize the unattractiveness of low leverage and a .008/share commish. Completely uncompetitive.
What is not reasonable is the 20k requirement. Bright Trading requires that kind of "buy-in", but they also give you at least 1 million in BP. Call Don, he'll tell you that.
If US Trading Capital wants to lower the buy-in and increase the leverage, then it seems to me the only pitch would be safety of funds, in which case, I don't see why every prop trader in America wouldn't switch to them.
I'm perplexed as to why they are requiring such a high contribution while offering so little leverage on a comp basis.
Again: It would be fairly easy to capture the entire prop trading industry by offering a low cap contribution and high leverage - just combine that with safety of funds. I suppose the only issue is logistics - how do you measure individual trader risk in real-time. Easy: cut them off when their balance goes negative.
US Trading Capital: Do you have any plans to improve your model to attract more prop traders? Expanding your base of traders would become self-fulfilling and would convince traders, like me, who want to be independent, but who prefer a lower upfront capital contribution with a REPUTABLE firm.
At the very least, you need to recognize the unattractiveness of low leverage and a .008/share commish. Completely uncompetitive.