So this is based on having gone through the firm mentioned here? Or are you just doing what so many others in this topic are doing "painting with a broad brush"? BTW when have GE or Meta funded their engineers?
Which city is that if I may ask? In the US or UK I suppose? Proprietary trading is virtually non-existent in Norway. I saw your other list. Will take a look. I wasn't aware Helios did that. I did talk with T3 a while back, but like you say, they require that you initially put up risk capital. I did the math on their offer and I was no better off than trading my own capital through a discount broker. The only advantage was that I would be allowed to hold positions overnight and maybe they'd give me more backing at some point.
Most firms would work on deposit base now. They can offer you increased buying power + memebrs commissions + some cooperation on the floor (but that would come with desk fee, which depend on ones situation can be good thing or can be too big cost + it usually requires relocation. There are also virtual/remote desks, that can come without any desk fee but that won't work same way). The truth is the best way to improve fast is to be next to ppl who already can do stuff AND (very important point that many ppl don't even think about) who for some reason will like you and be willing to push you a bit in right direction or share a bit of right looking at the markets. Long ago another plus was just be around hard working ppl (even fresh) as in incrased probability someone will find something useful, now as markets are much more effective that part doesn't work that well anymore. And that all will be in exchange for split, usually from 80/20 to 90/10. But joining from home, especially if you not trading equities but futures, usually no sense - as long as your trading style is not very commission sensitive or you don't need access to some weird markets etc. Of course you have some small plus in terms of risk manager, maybe some trading support etc., maybe some additional proprieraty soft. So the question how one value those. One more thing to consider, 90/10 can be not bad deal, if that could change the tax structure. In example - trading my private account I need to pay 19%, doing it on B2B basis with prop I'm paying 15%. So one more little interesting point to consider.
maybe that is one of the reasons Ryan started Raentrading to not to have work with Merritt anymore … Ryan talk’s with great expertise ,check out his post’s on X https://x.com/baynkr https://ryanswright.substack.com/p/...ost?utm_campaign=post&showWelcomeOnShare=true
To understand the fallacy in business model from Consumer point of view one does not have to be a customer all the time..the criticism is crystal clear to understand unless you area converted cult member
you did not understand my example of GE or Meta...a reputable business like those HUNT TALENT AT OWN COST by going to Uni campuses etc and they FUND by giving a real salaried, same way the big and proper TRUE prop firms hunt trading talent at own cost job and don't do this "education selling or Test fee, and with technology improvements it will not be that costly to offer real test free..
To spin that analogy around - real car dealerships sell AND lease automobiles. Just because there are either or scenarios does not automatically make one better or more legit than the other. Are some prop shops scams? Sure, obviously. Not all, also obviously, or they would not exist. The market in the end always decides.
First of all when you say prop.. lets be very clear are you talking about somebody like https://www.janestreet.com/ or say https://www.citadelsecurities.com/ or even bright trading ...OR the hundreds of New businesses touting themselves as "Prop firms" when in reality they are just Test fee grabbing hamster wheels, Lets leave the Citadales of this world they are GE and MEta of trading industry Lets give you benefit of doubt, lets only consider those Test fee prop who are around for a while and do pay a small % of their " Funded traders" sure they are not scam per traditional definition...but the business model has following characteristics 1) Highly unregulated ( in some jurisdictions they had to be regulated as as soon as they take a penny from a trader be it in the form of test fee or whatever they are perceived as providing financial services ( so that regulator at least has some interest of consumers in mind ASIC) Most are based in places like tiny islands.. Why? why not get fully regulate din major jurisdictions? another red flag 2) Most of claim to be " Talent testing / education firms" and then they will PASS you on to a Prop firm,, why this divide? Citadel or Jane st does not need to do this 3) Most claim notional value as "Real funded amount" deceptive marketing 50K account does not mean it is 50 K in account. 4) Why is the "funded account " not a real account but still a demo? 5) For 1000 time , where do the successful traders get paid? since the Funded account does not put trades in real market! it is very clear that money comes from failed test fees or they take the counter party risk and all is demo .. 6) Why are they mushrooming? because it a low barrier of entry ..again it begs the question why hundreds of real props like Jane street are not propping up May be you area good trader and got paid because you are that tiny % but does that make these firms respectable business.. 7) Some are outright frauds At the end of the day this is the next worst thing since bucket shop OTC Fx ( FXCM USA REFCO USA ), , scam Binary options from Israel Lets just hope "market " as you claim will cull them or regulators will shut them down fast and only those who have genuine interest of funding will survive ....
When you can't counter the argument with a logical good point, you drop down to personal attack ! great get scammed by these PROP FIRMS,, bets thing since sliced bread invention