Benefits of Trading With Prop Firm

[Ronnie Bailey]

A Prop Firm's primary value is that your best interests are truly aligned with theirs, and your success is their success. This is because the Prop Firm makes money by taking a percentage of the profits of the profitable trader rather than charging commission.

At a Prop Firm, you are trading the money of the company, not your own. This implies that, unlike a leveraged broker, you will have unlimited trading capital and will be able to take all of your winnings at the end of each month. There's no need to reinvest your winnings to trade the same or larger account.

 

[Forextobe]

Prop firms do have their advantages but their main source of revenue is actually the tests but I know a lot of FTMO traders doing very well. I am definitely planning to go for one in a few months time. It can be a perfect way to build a large trading bank quickly

 

[reecerispoli1]

Well pros is large capital straight away to trade with

 

[HeavenLeighGill]

Personally, I don't trust prop firms.

 

[Fried_Rice]

Well pros is large capital straight away to trade with

Have you tried them? I have a mate who is into these prop firms. Always wanted to give it a go too for fun and experience mainly

 

[jimcarter]

Prop Firms enable traders to trade using a pool of capital rather than their own money in exchange for a percentage of the profit. Following are some advantages of Prop Firm:

• Surrounding yourself with traders can assist you in becoming lucrative.
• Access to greater trading capital than you would have on your own.
• Commissions are lower than those faced by retail day traders.
• Firm trading costs are frequently lower than costs for those trading independently.

 

[CastorM]

I have a coupon code "KEEP10" that works on fundedtradingplus (ten percent)

 

[TradersWithEdge]

Prop Firms enable traders to trade using a pool of capital rather than their own money in exchange for a percentage of the profit. Following are some advantages of Prop Firm:

• Surrounding yourself with traders can assist you in becoming lucrative.
• Access to greater trading capital than you would have on your own.
• Commissions are lower than those faced by retail day traders.
• Firm trading costs are frequently lower than costs for those trading independently.

What Jim said and if done properly the risk reward of using a prop firms capital vs your own can be greatly in the traders favour.