We are a group of day traders. Right now most of us are in various prop firms. And some of us have the idea of starting a new prop firm to save on commission, or increase our payout (or both). And I just want to know how difficult it is and how much the daily overhead operation cost is to run a prop firm. Suppose we will have more traders to join us. And we need to know what's the miminum number of traders (or the minimum trading profits generated) to make the effort worthwhile. From what I understand, we need to find a broker dealer and make a deposit (Can we get leverage of 40:1 or more?). And we need to find a trading software company. Are there any other things we need to do? Your reply is highly appreciated.