|+ What is a Proprietary Trading Firm?
A Proprietary Trading Firm (“Prop Firm”) is a company that enables you to trade the company's money and use its professional infrastructure along with giving you access to vastly cheaper trade fees to give you a major competitive advantage over using a Broker.
We do no extend leverage or margin, all traders are trading the firms capital.
To offset any losses traders place a Performance Bond with us. There is no relationship between the Performance Bond and the amount of capital we can extend.
There is also no conflicts of Interest with a Prop Firm, the more money you make the more money the Prop Firm will make.
|+ Why is a Prop Firm Better than a Broker?
A broker’s main source of income is from commissions, they want you trading and don't care if you lose or make money. They normally have very high commission costs, which can kill a small account very quickly.
A lot of Brokers will offer CFD or Principle Execution; this is where the broker takes the other side of your trades. Therefore it's in the Brokers interest for you to fail.
Your interest and theirs are not aligned there is a clear conflict of interest.
A Prop firm will have your interest aligned with theirs, so when you make money they make money. You will be given access to professional tools and services to enable you to succeed, like ECN rebates, Dark Pools, Mentoring, Large Funding & Low Fees.
|+ What is a Performance bond?
A Performance Bond is there to offset any losses or data/software costs when trading the companies capital. We do not offer or extend leverage nor margin. You are trading our capital and can have more extended based on your performance.
The Performance Bond is only refundable if the traders account is NET positive at the time of closing the account.
|+ What do I need to join?
For a Live Account you need a ID and Proof of Address dated within the last 3 months.
For the Fully Funded Path we only require your name and address.
|+ What are Auto Daily Risk Limits?
When you join, we ask you to set a Daily Risk Limit, this is a $ amount loss that if you hit, we will cut your buying power till the next trading day.
This will try to prevent you from either overtrading if you’re new or to try to prevent you from blowing up an account if you have a bad day.
|+ Do I need any Qualifications, Previous Trading Experience or are there minimums?
To trade a Live Account with us we only accept traders who are doing 100,000+ in Share Volume or are profitable.
If you aren't profitable
or are doing less than 100,000 in share volume per month. We can only accept you via our Fully Funded Path.