Last I heard was that the old geesers are dead and all desciples now work at either car dealerships or at funeral parlors...they earned big bonus bucks during covid dumping bodies at the Jersey shore.
That's a shame. I guess we're all doomed to get 'capital' from these bullshit forex & futures prop firms.
Give them a call, let us know what you find out. I don't need prop capital anymore but I'm curious if they ever reduced their crazy high fees.
I'm going to do that and some other investigation today. I'll report back later. Did you ever get prop capital?
No, I ended up just growing my account organically. I was close to signing up with a few of them back in 2014, including some that I later heard went bust. I did go as far as opening an account with Global Prime Trader but never ended up funding it because their software was not up to my expectations. Just checked and I can't even find their website anymore... so might have dodged a bullet with that one too.
Just talked to them. It's about 6k/year in fees, 'recommended' 1 yr deposit of 50k, and 2k to compliance department to start the process of sponsoring the SIE exam. 80/20 profit split on each withdrawal and 30x leverage.
Sounds pretty different than when I inquired in ~2014. IIRC it was 99% payout, but high commissions and margin interest. For 80/20 and 6k desk, what kind of fees and interest did they quote you?