anyone trade with them? how are they? legit or no? + i'm looking for a prop firm that wont require me to get a trading license. looking for at least 10:1 leverage on a 5k deposit. anyone know of any decent non scammy ones?
Check our suretrader.com - they are overseas but they are a b/d. Nonko has no oversight at all so your $$ isn't as safe there. just my 2 cents. Is there a reason you can't join a US-based firm?
I am in the process of working on that, but in the mean time gotta make a living. Out of curiosity, how long does it take an average person to study for it, considering they do not have a financial background?
EvO, I am with SureTrader and your info is correct in that they do not need a S56 to trade with them. Their leverage sucks though, but beggars can't be choosers, I suppose. Btw, what does b/d mean? Thanks again for the info EvO!
b.d means a broker-dealer. That means they are registered with their local authorities as a company that provides brokerage services. It means they have some level of oversight. Nonko, on the other hand, is just a remote prop firm so they don't have as much oversight.
FYI: Some of the downside with SureTrader: - $4.95 per trade - 6:1 leverage (only) - $100 to wire back to the US These do not work for me and so the search goes on.