Re - any US prop firms allow you to trade futures remotely

Discussion in 'Prop Firms' started by londonkid, Aug 31, 2012.

  1. londonkid

    londonkid

    Hi

    Excuse my ignorance on the matter but are there any US prop firms that allow you to trade futures on the CME, i.e. the 6E or ES.

    The reason being is that for my strategies the total round turn cost is too high.

    eg. if I trade 100 times per day (yeah I know I am crazy)

    average win 3 ticks - 50%
    average loss 2 ticks - 50%

    then I am net +50 ticks at the end of the day.

    If I start off trading 1 contract then my volume is only 2000 per month which means I can only get like $3 total round turn costs. so my +50 tick profit of $625 will cost me $300 in round turn costs so I only net $325.

    now consider if my

    average win = 3 ticks 45% strike
    average loss = 2 ticks 55% strike

    then I am net +25 ticks for the day but after fees I only make $12.50!!!!!

    I know guys if I was trading a 5 lot then my monthly volume would 10,000 and I could get my costs down a lot BUT I am not ready to trade a 5 lot and would much prefer to work with a prop firm that only pays the member clearing fee and pay a profit split.

    so I am looking for a firm where I am executing at just the clearing rate like 19c round turn on the ES but pay them say 25% of my profits, it works out a lot more for me and opens up a lot more strategies.

    all help appreciated.

    london kid.
     
  2. Don't think so.
     
  3. mb_es

    mb_es

    I believe T3 and Geneva Trading offer Futures
     
  4. mb_es

    mb_es

    Curious if anyone has any experience with Geneva Trading?
     
  5. $325 daily is good money if it's consistent. Just keep trading and re-investing to your account.