I don't understand prop firms. The only benefits I can see are: 1 a structured office environment 2 a group of like minded people sharing ideas (synergy) Do they really 'teach' you to trade? And, if you can already trade, why would you want to give a cut (with some firms it looks like a large cut) of your hard earned trading profits to someone else? Aren't there plenty of platforms that would allow you to trade much more cheaply with identical speed? Is this an attempt to get around the 25000 day trader rule? Do these firms cover your losses (I can't imagine in my right mind how or why they would), or is that covered by your 5000 deposit? Once the 5000 is gone is it 'game over'? Are these firms really interviewing you to become part of a team, or sizing up the amount of $$ you'll bring in for their company. Maybe I don't get it, but it seems like a bit of a sham to me. My personal opinion is that under capitalization is a big reason for failure amongst traders, and prop firms just seem to be feeding into the psychology of why so many lose. Does anyone offer an environment where you can rent office space, trade using the broker of your choice, and collaborate with like minded people?