If you`re not getting a deal, but just leverage you are pretty much retail dude. They clear GSEC(goldman sachs execution and clearing).
no dude your wrong retail is strictly 4-1 if your a licensed trader then your NOT retail Your a prop trader call them if you can't understand the facts no wonder so many traders fail. there clueless
Ever heard of portfolio margining? 6-1 Thats what I get. And I am not a "pro". True, you hold the 7 technically you are not retail. But again...without a deal you`re just a glorified retail trader getting enhanced leverage. Dont be ashamed...its ok if thats the only type of firm you could get into. I understand why you want to be known as a "pro". Hell, we all need something to make us feel good.
nothing wrong with retail or prop actually personal preference you get 99 % payout of profits is all that matters you assume too much & you don't know squat i made the post for your fyi since you think bright is retail you have a lot to learn
prop is the way to go 20-50 to 1 with all the tools & best commissions prop is good for those that can be licensed prop is all about leverage aka use other people's money retail does not measure up whatever floats your boat
"The source of account funding and profit and loss split should be documented. A split which provides all or virtually all of the P & L to the trader is likely a red flag that the account is a customer account." https://www.cboe.org/publish/RegCir/RG10-101.pdf --------------------------------------------------------------- Sounds like retail to me.
typo. my bad. actually 99 % payout for prop all the same to me would not want to pay those high gsec commissions