Hello, I have been trading for 5 years on the NYSE. I am looking to day trade as a primary source of income. I am unable to due to having less than $25K in my portfolio. What are the best remote prop firms that will help me get around the T-3 rule?
I am looking for a prop firm which allow traders to trade futures. I wanted to join Bright Trading but like most firms they only allow equity or ETF trading.
This is all you need to know. Good luck! Advantage Futures Alaron Trading Allston Trading Angle Group Archelon Group Assent Avatar Securities Barkley Trading Bear Capital Belvedere Trading Benchmarq Trading Blue Capital Group Boss Trading Boston Cabot Breakwater Trading Bright Trading Buttonwood Group Trading Cago Trading Caliber Financial Management Capital Traders Group Carlin Group Capstone Cheiron Trading Chicago Trading Chimera Capital Coastal Trade Securities Consolidated Trading Cornerstone Trading Group Curvalue Financial Services Group Cy Group Darwin Capital Trading Dayson Capital Davis Securities Dimension Trading Group Dimension Capital Partners DRW Trading Group DV Trading E-Brokerage Echo Trade Eldorado Trading Group Epiphany Trading Equitrade Financial Equity Trading Capital Evolution Capital Excel Trading First North American Trading First New York Securities FCT Group of Companies Flat Iron Trading Fusionary Trading Futex Group Gator Trading Partners Getco, LLC Gelber Group Gemini Capital Genesis Securities Geneva Trading Golden Beneficial Goldenberg, Hehmeyer & Co. (GHCO) Golden Market Group One Trading Guardian Trading Harrison Trading Group Hanley Group Harrison Trading Group HLV Capital Hold Brothers Infinium Capital Management Integra Capital International Trading Group/ DE Trading Corp IMC Financial Markets Jane Street Capital JC Trading Group Jump Trading KC-CO II Kershner Trading Keystone Trading Kingstree Trading Last Atlantis Capital League Trading Lion Pride Trading Liquid Trading Lynx Capital Madison Proprietary Trading Group Mako Global MBH Trading MJL Partners M&N Trading MAREX Trading Marquette Partners Mazel Trading Motive Capital Nexis Capital Nico Trading Next Level Trading Optiver Opus Atlanta Paramount Equity Partners Peak6 Platinum Plus Trading Prestige Capital Prism Trading Group Questrade Refco Trading Services Remata Trading Remote Day Trader Rho Trading Securities RML Trading Riverbank Capital Ronin Capital Rosenthal Collins Group S&B Capital Saxon Financials Schonfeld SDV LLC Semper Fi Trading Sharmac Capital Simplex Investments SMB Capital SMW Trading Company Soldier Capital Sperling Enterprises Spot Trading Star Alliance Capital One Swift Trade T3 Capital Tibra Capital Titan Securities Title Trading Tower Hill Trading Trade Vision Group Traders Capital Trading RM Transact Futures Transmarket Group Triton Trading Trillium Trading Trinity Capital Tuco Trading Yourika Capital Xerxes Trading Van der Moolen Vankar Trading VTrader Group Velez Capital Wasserman Capital Wescott Group Wolverine Trading World Trade Securities Zinc Trading Z-Marc II
Thanks for a great list. I too am looking for a Prop Firm whereby I don't have to train (been paper day trading for almost a year - and learned from a guy who has done VERY well!). I want to find a firm that allows me to trade only 2 - 3 stocks (at most) but have grown to know them very well. I don't have 25K to do it (for now) but if they will give me a chance, I will make them (and myself) money. I am willing to split my earnings equitably (open to discussion), but am needing to get started soon. I appreciate any and all help / info. OG
Hi Old Guard, I have that prop. firms can be divided into 2 categories. Category1. Broker- Dealer prop firms like T3 capital, T3 live, Integra Capital ( whose broker delaer is T3) Avatar securities etc. NY alone has around 30 or so firms like these. They basically provide you 1 to 10 to 1 to30 leverage and you are allowed to knock yourself out as per your method. Majority of traders with little or no money get excited by the leverage and are out in matter of weeks to months. These firms have nothing to loose. They charge you feees for data, platform plus get rebate from exchanges. category 2. SMB capital, First NY securities ( one of the best). Peak 6 and many others do not take capital from traders. If a trader does not have proven trading record, you apply as a Trader Assistant/ Trainee and start trading after couple of months of training. You want this training regardless of what a trader think how good his/her method /system is. These firms primarily take traders with strong math, stats back ground. Make sure you check out examples of test at www.glassdoor.com For experinced traders with record- sky is the limit. They roll out RED CARPET. Ideally category 2 firms are the one one should strive to get in. Good Luck
I know that Bella and his team at SMB do a pretty good job at developing traders. @mfbreakout I don't have much of an idea about First NY. How would you compare them to SMB? Pros and cons.
First NY Securities is in a totally different league. It's tough to explain. Check out their website . Bascially First NY is much more global firm trading across multiple products . They are competing for talent with GS, JPM etc.