If that deal is true, someone PM that firms name!! I already have the 5k check written out!! lol. Anyways, how is this deal possible. What firm in the world would offer 1:60 leverage? A 50 dollar stock tanks 80 cents and your completely wiped out! Seems like a lot of risk the firm is taking. xbrxx
my experience is that these deals are typically offered to experienced prop traders with track records, not to newbies.
Lights, Do you know any offer like this for non-licensed traders? I am ready to put up $5K capital and don't need more than 5- 10 times leverage with "NO-MINIMUM" per trade?
well as most of you probably know, i think if you are non-licensed, you are considered retail and subject to 4:1 daytrading margin. i know of no retail firms offering 10 times leverage. off topic here, but i always wondered what it was about the series 7 that allowed props to give their traders millions in leverage and 100% payouts with just $5000-$25000 capital.. and it's not like the 7 is like the mcats or anything, one can study and pass it in a few weeks.
The are Sub-LLC traders account that also pay up $5k and and get 5-20 times levearge. But the fees and other charges are not as good as what licensed trader gets.
The series 7 license has nothing to do with trading. I think the regulators wanted to give some kind of legitmacy to prop traders and basically said "here's a license that's kind of about the financial markets, get this one". Just a red tape thing, doesn't mean anything once you have it.
If i am living outside US and can't travel to US due to some Visa restriction, are the ways or places regulated by US for foreigners to apply for exame outside the US? Any website on this question?
right, so the only difference between a guy getting 10 million in leverage with 5,000 cap and a retail guy getting 20,000 buying power is that one decided to study a few weeks to obtain this silly license.
So here wo go again. Another "blow your mind" prop trading deal. When asked to have the firm PMed you will never get a reply. Another bunch of b.s. if you ask me. Par for the course around this site with most people here not liquid for any cash and unable to trade on their own money. All looking for the hand me outs from these fantasy deals that dont exist. I'm not interested in the name of the firm this guy claims is offering this deal, however, I am curious if anybody here was able to get the name of the firm privately from him. All you need to do is say yes. I'm sure the answer will be no.