SMB Capital $5k Training?

Discussion in 'Prop Firms' started by sobepehopeful, Dec 25, 2008.

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  1. do they list there CRD number? so it appears they are set up in the SUB-LLC porp shop not an SEC broker/dealer? Please correct me if Im wrong
     
    #81     Dec 18, 2009
  2. Few props register as broker-dealers nowadays because that would require their traders to obtain Series 7s.

    There's no need to have the SEC creeping in your business with the broker-dealer model.
     
    #82     Dec 18, 2009
  3. well....


    actually several prop firms are under the CBOE/CBSX and they do not require traders to take the S7, just a clean u4/fingerprint card.
     
    #83     Dec 19, 2009
  4. Remote trading is the best imo. Got a great deal at a diff place.

    I never understood the advantage of trading from a prop? Anyone care to enlighten me.

    Sorry to bring this back from the dead
     
    #84     Dec 29, 2009
  5. mark2mark

    mark2mark

    most prop firms allow remote trading,

    -leverage
    -cheap commissions
    -top platforms (laser is great for API)
    -trade with other traders
     
    #85     Dec 30, 2009
  6. The deal would be the generally same offsite (remote) or on-site. Sometimes remote has an extra charge for connectivity.

    In general, the reason you would want to trade on-site is for the environment of being with other traders. The right group of traders can make a big difference in your P&L and your learning process.
     
    #86     Dec 30, 2009
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