Looking for a Prop. Firm, What Kind of Deal Can I Expect?

Discussion in 'Prop Firms' started by Arjun1, Jun 30, 2010.

  1. Arjun1


    Right now I trade futures retail (5 years experience). I avoid trading equities retail do to limited leverage, the wash sale rule, higher commissions, and tax reasons (avoiding a 500 page 1040 schedule D with 10 million+ in reported sales to the IRS).

    I want to get back into equities trading at a prop. firm again. The 3 prop firms I joined in the past all shut down. So now I want to try a CBSX registered firm.

    What are the typical deals that most firms offer right now?

    Capital Contribution?
    Payout %?
    Commission rate?
    K-1 (partner) or 1099 (contractor)?

    I'm in the NYC area.

  2. fbirdien


    Arjun - Just curious , why would someone switch from futures to equity when they are doing good with futures?

    sorry about off topic post