I only need margin financing - frustration

I am looking for a firm which would facilitate a structure in which I deposit the "risk money" with the firm to cover any initial drawdown/losses and technology costs, and the firm provides me with a set maximum position size in specified products in futures markets.

Is that not a fair deal? I believe it is. Virtually no risk to the firm, only profit opportunity with commissions I'd generate or desk fee I'd pay. If so - why the heck is there no one that offers such a deal? I've contacted dozens of potentially interested firms and none of them was ready to agree to these terms.

I have a track record, both real-money from my time in a prop firm a few years ago, and in a simulated X_Trader environment. I just need someone to give me a chance - anyone knows of the best place to look?

Please feel free to send me a private message if you can help. I appreciate your feedback.

 

Why not just open an account yourself? Do you not have enough capital to meet margin?

 

With my risk rules the intraday margin could use up to 70% (usually it is 50%) of the total amount of my funds which are small, leaving 30% for drawdown. Therefore, the money I have is not big enough for me to go this way.

 

You went from saying your positions have little risk to being concerned about a 30% DD. 70% of SPAN margin is not an issue but the rest does not jive.

 

I did not say "little" risk. For instance, intraday margin required for ES is $1,500. So, to trade a maximum of 5 contracts I would need to have $7,500 and that needs to constitute 70% of my funds. So, I need to deposit c. $10,715 to trade 5 contracts, which leaves only around $3,200 for a drawdown.

With a firm's backing nearly all $10,715 could be used for drawdowns.

 

Sorry, I read,"Virtually no risk to the firm." If you are Day-Trading ES contract, I don't see what a prop firm will offer you that you can't get on your own. I can't offer a Futures account with only $10,000, our minimums $25,000, but we can offer up to 25% of SPAN on either Real Tick or CQG. ES initial margins is $4840 or $1210/ES.

No prop firm will let you go into their capital so you get no advantage.

Bob

 

There are firms offering $300 ES margin.

 

Sorry, but that is just stupid. The lowest I'm seen is $500/ES and that is nuts too. At $300/ES, I wonder what their system does when you lose any money, do they liquidate?

 

Robert> I am not affiliated with any futures brokers and I have no knowledge of their operations.

 

Yeah, I think AMP offers 300$ margins on the emini contracts. But if you chose these low margins instead of the regular 500$, the clearing fee per contract goes up from 0.50 $ to 1.00 $. At least thats the info that I have.