Prop firm contracts?

Discussion in 'Prop Firms' started by ozarka, Jul 27, 2006.

  1. ozarka


    Do they exist? I am hearing that some prop firms will have you sign a contract stating that after you leave you cannot trade for 3 years at another firm.

    Which kind of negates the whole point of going to one prop firm for training and experience before going somewhere else for a higher payout.

    I would think that prop firms that have training programs would typically put a contract on you. Similar to a non-compete contract that states you cannot utilize their trading strategies for a period of time or take what you learned and publish it or give it to another firm.

    Anyone have any experience with any of this?