Hey Scalper Joe You missed a few licensed pro firms , good list to start hold brothers has some issues to resolve , extra caution with them
Ya, the op asked if there were "10 firms left", I listed 9 firms, probably missed a few, although there are other sub-LLC firms that are just a part of the above firms. One must review FINRA.org broker check and SEC filings before joining a firm to see their financials and if there are any issues. This is simply part of the due diligence process, and doesn't take that long. It's a MUST for newbie traders or even experienced traders looking to either switch firms or join a firm.
We post our office results on the P/L page often. Today was a good day. We dont make $100,000 days, but we have only been down 5 time sin the last 4 months as an office, we work on consistency, not flashy days. http://www.elitetrader.com/vb/showthread.php?s=&postid=3642765#post3642765
Scalper a few other actual b/d you missed , not talking subs let people do there homework to find the right firm
Why isnt the answer to more regulation, licensing, high commissions and low margins FOREX? Doesnt FOREX offer everything equities do not? Or is it human nature to want to be "right" and pick a winning stock?
Yeah, it's Bush's fault. Fine. But now I have a question for you. Once you open this highly leveraged prop trading account and put together a "track record", why would you want to subject your highly talented career to the legal, accounting, customer service, advertizing, and compliance nightmares which you would most certainly experience? In other words, why would you want to start a fund once you know how to trade prop? They are two different worlds. Or are those issues Bush's fault also?