I'm looking for a Prop trading firm, but I only trade various option spreads. I do hold positions overnight, b/c this kind of options trading strategy needs to be held for at least a few days. I had 10:1 margin on options for a 10K account back in 2006. The profit split was 70/30. Can anyone reccommend a firm that meets my needs and doesn't require licenses? (Perhaps off-shore) I want to trade remotely.
EchoTrade - 25,000 minimum, no leverage Capital Traders Group - 1.00 per contract, no tickets - 5k minimum, 3:1 leverage T3 - 10,000 minimum, no leverage, 90/10 split coastal trading - 1.5x leverage, 10,000 minimum, 1.5 per contract, no tickets. dimension - 15,000 deposit, no leverage, $2.00 per contract
no leverage means your buying power is restricted to your capital deposit. 2:1 = 50% margin 5:1 = 20% margin etc etc
sounds like a great ET deal to me! lol typical options firms rarely take in deposit - only so in the beginning - and you trade firm capital. the splits are not too aggressive - but this is a different ball game. the guys that run these need to SPECIALIZE in options. from what it seems in previous posts these firms just "accommodate" for options trading - not really for option traders. and an option prop firm is not for someone to just try out and gamble best of luck oh and Eric - sent you a PM
http://www.mbtrading.com/commissions.aspx?page=Options Mbtrading offer 0.95$/contract, 1000$ minimum to open cash account. Why you need a prop firm?