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fpga

Registered: Nov 2008
Posts: 24

05-30-10 03:06 AM

Thanks Guys for the great suggestion!
Let me do more DD and move one step further on this!

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frostydc4

Registered: Apr 2007
Posts: 35

04-14-12 10:03 PM

Back from the grave

Are there any decent remote prop trading firms still left (considering that its 2012)?

I am looking for:
1) 20:1 leverage.
2) Low initial deposit (2-3k for 40-60k intraday BP).
3) The ability to trade part-time. I can do this since I live in AZ.
4) The ability to trade without getting licensed and without taking the BS training courses

With my retail account I have been able to bring in @ $5-$7 moving a 100 lot consistently intraday. I would like to be able to get my feet wet & take myself to the next level. I have the same results moving a 1000 lot (which is the most I use intraday anyway). Ideally, I would like to increase my size intraday to 10k & have the potential to make a nice living doing this.

If you have any good suggestions you can send them my way. Thanks

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EvOTraderV2

Registered: Jan 2012
Posts: 316

04-15-12 07:40 PM

to be honest, at 20:1 for 2-3k, you're better off sticking in the retail account. You'll blow out of that 2-3k in a day or two with that type of leverage. It takes time to learn how to use ECNs properly or the market makers will eat you alive. That's really very little capital to come into a firm with. I doubt there are any that will give that type of deal. Maybe an unregistered group like CY may take you on.

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Traveler

Registered: Apr 2003
Posts: 774

04-16-12 12:15 AM

The fixed costs and hassles of registration don't make sense if the OP is only part-time. You're going to have to pay platform and pro data fees if you go the prop route.

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