I trade at another JBO firm, I know my firm backs traders in various ways. Just because you have more BP doesn't mean you are inherently risking more of your capital per trade.
Is their anyone with T3 right now that likes it there and can explain a little about the fees and commissions they pay. I see some horror story's online, not sure if they are true or not?
Sorry to put you on the spot, @Patrick_AZ, but maybe you can provide some general idea of how things work? Or maybe ask Sean to become a sponsor here?
Question on T3, I'm assuming you get a 1099 as an independent contractor? Also, if you trade futures, does the tax benefits you get from trading futures flow through to when paying your income taxes? Anyone know how that works from a tax perspective?
I don't think SMB opens retail accounts with a deposit. They hire and back all their traders and take all the downside risk.
What's the max leverage they give you in a prop firm if I may ask? Wondering if retail traders could access those kinds of leverage. The most I've seen is with 6x with tradezero.
As mentioned in the post you quoted, I traded firm capital only. Risk management set my trading limits based on my trading style (and I assume on overall firm exposure). "Leverage" therefore didn't exist for me. I know other traders at that firm traded their own capital, but I don't know the details of their leverage constraints - although I understand meaningful leverage was provided depending on individual traders' risk.