Almost free trading....but you "give up" half your profits!!! No way. I can't imagine why profitable traders would give away half of their money. Just my .02.
There are many profitable traders that risk their own money in "prop" that would love the opportunity to have 0 risk on firm capital and give up some in way of payout for a chance to trade real size with no risk. (possibly me for one)
You're right. 50% is not "some". COming from someone with 95-99% payout. Let me clairfy what I mean. The chance though to trade on an entirely different scale with 0 risk with a 50% split can be a very good deal. I don't know squat about swift, and I don't refer to them specifically, but to the idea we're discussing. Of course if you're not given the ability to trade on a mucho larger scale, than I'm totally with you. What do you think?
OK, I understand your reasoning now. I agree with you. Zero risk with a 50% split and MASSIVE buying power would be worth it. However, unless you have access to a MINIMUM of 10 million buying power, I would say that a successful professional trader would be better off on a commission scale with a 100% payout and solid amount of prop leverage (1-2 million plus).
www.benchmarqtrading.com I've only been with them 2 months now but no complaints so far. I have a question (since I so new to prop) is there any risk of these firms going belly up and if so what risk would you give a firm like benchmarq?