It seems like much of the appeal of trading with a prop firm as opposed to independently is the chance to "trade the firm's capital." At least that's one thing several firms seem to use to market their opportunity. However, in actuality, one thing I've noticed is that with at least some of these firms (the one's I've spoken to so far), is that if/when you lose your initial contribution, you have to replenish it or you can no longer trade with them. I may be missing something, but how is that trading the firm's capital? It seems like I'm just opening an account as I would with any broker when trading independently, and once the money is gone, the only way to keep trading is to put more in. In other words, trading my own money -- just with a prop firm. Does anyone know of any prop firms in which you are TRULY trading the firm's capital (or at least after going through your own contribution)? Furthermore, if there are firms in which you are trading the firm's capital, why would anyone go to a firm in which you are not? Honestly, sometimes I feel like understanding trading is easier than understanding the prop industry! Thanks.