I am looking for a remote prop shop that will give me 4 to 1 on my money- dont really want to be part of LLC( dont need that risk)- would like to pay .01 per share comm., trading under 50k shares a month.
I directionally trade ETF's- I am watching futures of the underlying and for own reason dont want to trade futures- well aware of leverage w/ futures etc.
pro's con's appreciated....
Thanks for any info
Since you asked by PM, I'm glad to address this post.
A. You "must" be part of our LLC to use our capital, whether it's 4 to 1 or 100 to 1. Most of the working strategies require a $million or more anyway (pairs, M&A, market making, automation, etc.).
B. You need a S7 to trade with most reputable broker dealers no matter what, no big deal.
Now a comment you probably wont' like. Although I've touted ETF's for years on my radio show and in the magazine (for investors of course in lieu of mutual funds), they have never proven to be a money maker for any of our traders.
Another point is that being a "directional player" in this game has generally meant financial suicide.
So, for your initial plan, trading with a prop firm would likely not make any sense, since you can get 4:1 at a retail (PDT rule), I suggest you find a good cheap (free) broker like Bank of America.
Hope this helps,
(not being judgemental, just giving my honest opinion)