prop trading feedback

Discussion in 'Prop Firms' started by ggreen17, Jul 15, 2010.

  1. ggreen17


    I know there are similar threads, but most are brutally out of date. I want to know who has, or is considering joining a prop firm (inhouse or remote) and what one in the decision making process should be looking for. I will post details here, and seek feedback..
    Payout structure (monthly basis)

    0-9999$ : 70%

    10k+ : 75%

    Fees and commissions

    Commissions are 0.20 per 1000 shares (0.0002 / share)

    Monthly fees for Sterling platform and all quotes and data : 200$

    ECNs are 100% passed through.

    Markets available : NYSE - NASDAQ - AMEX

    Deposit / Buying power / Stop limit

    The minimum deposit is 2000$ USD.

    Buying power is allocated according to a trader's experience and needs (minimum is usually 200k).

    Daily stop limit is set at 10-20% of deposit amount (can be adjusted going forward).

    So what do we think.. what do I need to be aware of (devil is in the details) and any pros/cons people? I currently trade and profitable on average, but capital is tiny tiny tiny.
  2. Sterling is a POS platform, but other than that it's a fair deal IMO.
  3. CQNC


    So where do you trade, CLubber, you seem to know more about this than most of the posters here? How long have you been at this?