I was at E*Trade Professional so I am now looking for a new place to trade. Before I get spammed with offers I have friends at every prop firm out there and already have been offered the best deals from most firms, SO DONT'T BOTHER SENDING ME OFFERS!! A friend just introduced me to a hedgefund, and they offered me a deal to trade prop thru a hedgefund, they will give me more than 20:1 leverage intraday start witch can increase later and lesser leverage on my overnights, and I can trade equities, options, and futures, and I can trade remotely or in an office. I believe he said that my money deposit would be put in a customer account so it wil be SIPC insured, I have to double check that. I have my licenses, but because it is hedgefund traders don't need to be licensed. I did this a several years ago thru Blackwood Trading, if anyone remembers them. I didn't have a problem with the setup or the ways things worked there. I am wonder why more traders aren't taking this route, especially retail traders who aren't licensed, they can get so much more leverage and probably cheaper rates and I believe the payout is 95%. So you give of 5% of you winnings to get 20+ leverage rather than 4:1 intraday, and more than retail's 2:1 leverage overnight. I have a couple of friends who have been trading with the head guy for a year are two and they say they trust him and never have problems. I checked him out and he has a very solid background. They say because of the less regulation and smaller amount of traders than large prop firms there are less problems and things are taken care of alot faster. Because of the amount of business they do with their clearing firm they have alot of pull and can get things fixed and done they want it very quickly. Is anyone else currently trading in this kind of situation, and why not?