Questions about Prop firms

Discussion in 'Prop Firms' started by MYDemaray, Apr 26, 2002.

  1. Hi, I'm new to this site. I have a basic knowledge of prop firms, but need a few basic questions answered. Thanks!

    1. How much money is one typically expected to put down to trade? I've heard $25K, but also $10K from Echo. Is this correct?

    2. What happens to losses? Does the trader cover them, what happens if you are in a draw down, are you required to contribute more capital? How long will a firm allow you to continue to trade if you immediately get into a drawdown that exceeds your initial capital?

    3. Do most prop firms allow "swing trading" where positions are held for 5-7 days or no?

    4. Will prop firms accept another LLC as a member...if I wanted to sign up in the name of an LLC that I have structured?