Find a suitable Sterling Pro broker

Discussion in 'Retail Brokers' started by Astrot, Aug 29, 2024.

  1. Astrot

    Astrot

    I come from Asia and I am the owner of a trading studio
    I am looking for a suitable Sterling Pro broker to work with, excluding well-known brokers such as LightSpeed, centerpoint.guardian.Cbra.IBKR. Are there any more brokers to choose from?
    It's better to be Sterling Pro, or Das. I really appreciate everyone's answer!
     
  2. Robert Morse

    Robert Morse Sponsor

    Can I assume your "trading studio" is a company account looking for a Master/Sub account structure to hire traders? If yes, where is the company located?

     
  3. Astrot

    Astrot

    We train or recruit professional traders for trading, as well as individual traders who are responsible for their own profits and losses. Our office addresses are mainly in Hong Kong and Shanghai
     
  4. Robert Morse

    Robert Morse Sponsor

    I know you were looking to exclude us. Just a little more information than I'll let others respond. We would consider a company account based in China, but wire transfers are limited from Mainland China and foreign master/sub accounts might be a challenge to get approved from China. We can't consider a company based in Hong Kong. We can offer both individual and joint accounts from either. We do need the owner of the account to fund. We offer Lightspeed Trader and Sterling Trader Pro, but Lightspeed always has a promotion and lower monthly costs. Good luck.

     
    Astrot likes this.
  5. Astrot

    Astrot

    Thank you for your reply. I am looking forward to LS opening branches in China or Hong Kong. We have many traders with different trading styles, so we need different accounts, such as short selling, leverage overnight, etc
     
  6. Robert Morse

    Robert Morse Sponsor

    We can do all that now for your traders. The Master/Sub account is the challenge. We have a fair number of accounts from both China and Hong Kong.

     
  7. bouale93

    bouale93

    I would suggest taking a look at Black Eagle Financial Group, they are a prop firm I trade with and they use Sterling Trader Pro, they might be able to onboard you
     
    mtserovtrading likes this.
  8. Robert Morse

    Robert Morse Sponsor

    I took a quick look at their website and did a FINRA Broker Check. They do not appear to be a Licensed with FINRA or the SEC. Did you have to put up first loss money? How can they offer "tiered pricing" if they are not a BD?

     
  9. Robert Morse

    Robert Morse Sponsor

    Ok, I see now they are located in Cayman Islands as an unregistered broker.
     
  10. Yes is true, Black Eagle is offshore BD but also have US fund, but is not US BD so very different relationship for traders in US since not BD, can't charge different commissions, etc.

    I have traded with Black Eagle for many years and am very happy, have known owner for many years (even before Black Eagle exist), have referred others too who are very happy with them but of course I understand concerns with offshore prop firms.
     
    #10     Sep 10, 2024