Prop Firms In The US

Discussion in 'Prop Firms' started by RichLyons, Apr 18, 2017.

  1. I read of them all the time in the UK and Australia. Guys making one to many hundreds of percent a year trading futures at prop firms. Stuff that you can only learn there, with them, not online or in books. Are there any of these places in the US? If so, what are they and where are they? Are they making as big of returns as the AUS and UK guys? What's it take for a noob to join? (It's a bit of a catch-22 since you can't learn how to do that well without being a part of the prop firm in the first place - and thus, you won't get hired.)
     
  2. just21

    just21

    Last edited: Apr 18, 2017
  3. Baron

    Baron ET Founder

    I moved your thread into the Prop Firms forum here at ET since it's more appropriate in that location. With regard to your question, you may want to check out the sponsor of this forum, TopstepTrader. Their ads appear at the top of every page of discussion within this forum.
     
    Last edited: Apr 22, 2017
  4. Zzzz1

    Zzzz1

    You meant "-100% to many hundred percent" right?

     
  5. Hooter

    Hooter

    Load_the_boat and Zzzz1 like this.
  6. Zzzz1

    Zzzz1

    Sound advice whether you are related to the companies you linked to or not.

     
    Hooter likes this.
  7. sle

    sle

    made my day
     
  8. Has anyone heard of seven points capital and what have you heard
     
  9. tradethetrade

    tradethetrade Vendor

    It is not hard to make 100% return on your capital when you are given a leveraged account. That's why these guys boast % returns. Say you deposited 5k into a prop account and you are given $200k to trade. If you place a $200k trade and make 3%, that's $6k or 120% return on your initial deposit. People that posts big returns almost always have something to sell so be very careful. Your best bet is to try to find traders of a local prop and ask for feedback. Most people lose money so chances are feedback won't be good, but at least you get a sense of what it takes to be successful and learn about the reputation of the firm.
     
    Baron likes this.
  10. Overnight

    Overnight

    Are they given a leveraged account, or a margin account? There is a difference. Yes?
     
    #10     Jun 4, 2017