Remote prop firm recommendations?

Discussion in 'Prop Firms' started by WillM, Jan 8, 2015.

  1. WillM

    WillM

    Hey! I've been looking at getting into prop trading recently, specifically remote trading as I'm not aware of any trade floors in Ontario where I live. If you could give your recommendations for a prop firm that allows you to trade remotely and can trade on the TSX that would be awesome, thanks!

    By the way, I've contacted MGB trading through email. Does anyone have experience with them? Thanks!
     
  2. Where do you live within Ont.?
     
    DTTcapital likes this.
  3. WillM

    WillM

    I live in Barrie, close to Toronto.
     
    DTTcapital likes this.
  4. topsteptrader is probably the most well known one. Pass one of their combines (you pay a fee) and they will fund you. Dont think you can trade the TSX with them.
     
  5. VPhantom

    VPhantom

    There are many prop floors of various flavours around Toronto. For example http://www.bbssecurities.com/proprietary-trading (I think they're related to Virtual Traders). More about Forex on a smaller scale, Blue Point: https://www.blue-point-trading.com/offices/ontario-canada takes the slow-and-steady approach. I'm sure SMB Capital has a subsidiary in Toronto but I can't remember the name. There's http://jitneytrade.com/ who are well-respected but I'm not sure if they have a floor or just an office in Toronto, and their site doesn't mention prop explicitly anymore so maybe they stopped offering that.

    If you want to execute someone else's system, there's Manifold, Vortex, Frontline...

    From home, TopStepTrader trades only CME Group futures (and not all of them) so that's not an option for the TSX. I'm not aware of any non-futures/forex opportunity for remote trading that isn't simply a high-leverage offshore brokerage. WTS might be an option if you want to trade someone else's system. (Bright too, but I'm not sure they're still in operation, parts of their web site are several years outdated.)