Discussion in 'Prop Firms' started by Mschlau, Dec 19, 2007.
Anyone familiar with this Firm?
Any information would be appreciated.
Had an interview with the office in philly. Around 6 guys said he wanted to take it to 10 or so. Typical offer 5k upfront payout seemed low 80/20 why not 99 or 100..
Anything less than 100% is crazy unless they give you a great deal on commissions. Did you apply for a trader position in San Diego?
80/20 is horrible. If you had no capital down maybe it would be okay, and only then if you are given ABSURDLY low commissions.
I guess you got offer for a job to put 5k capital down and they will train you. In 3-6 months, you will be a real "trader". However, in 3-6 months, you will realize that the commissions it took for you to be profitable made a huge dent in your account. And the sh*tty payout isn't going to help. And you'll be looking for a better deal.
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