Remote Prop frim referal

Discussion in 'Prop Firms' started by easye1332, Aug 14, 2015.

  1. First NY securites training program is 18-24 months and is very through. Traders over their are not scalping for ticks etc.
     
    #11     Aug 18, 2015
  2. @mfbreakout Thanks you for the insight. I'm wondering what kind of compensation they give to pick the best of the best.
     
    #12     Aug 18, 2015
  3. dealmaker

    dealmaker

    and unlike the previously listed prop firms eg T3 they are not looking for capital contribution thus barriers to entry are higher.
     
    #13     Aug 18, 2015
  4. CJS

    CJS

    How do you know which category a prop firm falls under?
     
    #14     Aug 19, 2015
  5. dealmaker

    dealmaker

    3 categories, 1) they pick you based on your education, experience trading, potential, no capital contribution and very hard to get into 2) they require S7 or S56 and substantial capital contribution 3) low capital contribution and probably no S7 or 56 most of the time firm name will end capital.
     
    #15     Aug 19, 2015
  6. Check out TopStepTrader and their futures combine programs. Start with a free trial, then you can choose a simulator "combine" account for $35/month. When you're ready, then take one of their paid simulator combines. If you get a live account, then there is no maintenance margin requirement, only the equity that you build up over time.

    Keep in mind, however, that only the bigger combines have the higher odds of profitability, since you'll only have ten trading days to build up your equity in the live account, after which you are fully backed with maintenance margin as you "scale up" your equity.
     
    #16     Aug 31, 2015
  7. There are lots of good firms on that list, however many have consolidated or gone out of business, so check each one accordingly.

    If you're willing to put up a capital contribution (bare minimum is $5k) and get your Series 56 license, then stick with the U.S. firms that are registered broker/dealers.
     
    #17     Aug 31, 2015
  8. Sattam

    Sattam

    I looked at TopStepTrader and actually talked to a few guys who went through their combine. It seems they are more about selling the combine than making money through trading. I also recently came across this company. If anyone knows anything about them please let me know, looks really interesting and straightforward. http://www.futuresprofile.com/
     
    #19     Sep 2, 2015
  9. Some of the firms in New York City include Hold Brothers, T3, Avatar, Kershner. ScalperJoe is right that many firms have consolidated, it is a tough business.
     
    #20     Sep 23, 2015