What is the definition of a proprietary trading firm? Why does Bright Trading call itself a proprietary trading firm? They require 20-25k capital up front from each trader...of which your losses will be deducted from. The firm takes no hit whatsoever and "conveniently" asks for more capital or releases traders who deplete their initial capital. Furthermore, they charge monthly desk fees and ask you to PAY for your own training (lectures, seminars, etc)....skills once learned that will generate profit for them. This looks to be no better than your run of the mill retail brokerage. I understand that they are a sponsor for this board. However, I thought it was sort of oxymoronic in a way.