Suggestions for Prop Firms for non-US citizens to trade US Equities

Discussion in 'Prop Firms' started by DG767, Sep 18, 2019.

  1. traderjo

    traderjo

    if you trade IB CFDs won;t you get same leverage? 1:20!
     
    #11     Sep 21, 2019
  2. bbpp

    bbpp

    OP likes high risk high reward, and he wants 20:1 leverage on stocks with $5000, so it is no more riskier trading futures with $5000.
    I suggest he open an offshore forex account, with leverage up to 1000:1, and he can trade US equity, europe equity, oil, gold, currency.
     
    Last edited: Sep 21, 2019
    #12     Sep 21, 2019
  3. traderjo

    traderjo

    Keeping aside Extreme leverage issue, I think what OPs dilemma is US based equity Props don;t seems to take non US residents...( T3 for example) and those outside seems dodgy .
    Many say they are based in Canada but there is not enough clarity how those are regulated in Canada
     
    #13     Sep 21, 2019
  4. traderjo

    traderjo

    All these are Test fee models...
    Non fee = propex for example.. but not easy to get in
     
    #14     Oct 7, 2019
  5. bbpp

    bbpp

    What is propex? How it works?
    I don't worry about passing any test.
    I can demo as long as they need.
     
    #15     Oct 7, 2019
  6. traderjo

    traderjo

    https://propex.com.au/trainee-traders is a Singapore and Australia based Prop .. not based on Test fee model... and there are many others at the top end,, BUT TO GET IN YOU NEED to have either experience/ qualifications in finance + math= IT etc
    It is like getting a job with Ford, GE, Apple, Phillip etc they don't charge you a fee to take a entry test
    they hunt talent at their own cost

    https://www.stocktrading.com/
    https://www.janestreet.com/
    https://www.optiver.com/ap/en/
    https://sig.com/
    You also may need to be a resident of that country

    DO more search
     
    #16     Oct 7, 2019
  7. bbpp

    bbpp


    Thanks.
     
    #17     Oct 7, 2019
  8. traderjo

    traderjo

    by the way when you say "I can demo as long as they need" are you referring to the "Paid Test model"
    Because if you are then I hope you realize that unless you pass the test within very few attempts the "Test fees" can pile up and ultimately even if you pass the test the amount of funding you get may look like you could have funded yourselves , specially when the instruments they allow you to trade has built in leverage.
    I am not saying that these "Pay for test" business are illegal or anything but the hamster wheel possibility is something many people don;t think through !
     
    #18     Oct 7, 2019
  9. bbpp

    bbpp

    No,I don't want to take any fee based demo or test. I am trying to get funded because my trading result is good.
    I can offer 50% monthly profit and split 50:50 on anything above that with funder.
    I can do this at 20% drawdown.
    I can do free demo as long as funder needs.
     
    #19     Oct 8, 2019
  10. traderjo

    traderjo

    what? 50 % monthly returns.. or I am reading incorrectly . if that is what you claim why you need funding ?
     
    #20     Oct 8, 2019