Prop firm for remote day traders

This is a discussion on Prop firm for remote day traders within the Home Trader forums, part of the Trading Career category; Hi, I have recently begun working with a proprietary firm and would like to share it with you. Traders are ...

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Old Nov 15, 2016, 2:29am   #1
Joined Nov 2016
Prop firm for remote day traders

Hi, I have recently begun working with a proprietary firm and would like to share it with you. Traders are mainly from Europe, and most of them are pros, so a good education is guaranteed. I graduated their trainee program and have been promoted to Risk Manager, so you can enquire me by pm or here regarding anything you might want to know. The firm also accepts professional remote traders, with very attractive clearing fees and payouts.
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Old Nov 15, 2016, 6:27pm   #2
T44
Joined Oct 2012
Hi Alex, usual questions......
What fees, platforms, products, volume rebates, any restriction on style, ....
Thanks
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Old Nov 15, 2016, 9:40pm   #3
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AlexDax started this thread Hello T44, clearing fees range from 0.15-0.22 depending on volume, Reg fees 0.0000218 x total value of shorts/sells. Nasdaq fees 0.000119 per share, NYSE fee as advertised at official page. All fees are suitable for tick trading. Style is not a restriction supposedly, some groups do have solid strategies though, in case one might want to join a group. Platform available is Sterling.
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Old Nov 16, 2016, 1:05am   #4
T44
Joined Oct 2012
Sorry should have said my interest is mainly in index/commodity futs, not stocks or options. Sterling website shows only the US Futs exchanges I assume you must have some sort of access to European ones? Any Forex offering?
Thanks.
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Old Nov 16, 2016, 3:45pm   #5
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AlexDax started this thread Hello. Yes, index futures are only supported for US. Support for European markets only includes equities. Regards.
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Old Nov 16, 2016, 4:15pm   #6
T44
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Okay, thanks, not for me then.
Cheers
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Old Dec 2, 2016, 11:39am   #7
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And what about Non EU and Non US..? Is there any opportunity for us either!
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Old Dec 2, 2016, 7:57pm   #8
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AlexDax started this thread Hello, Yes there is. Non EU and non US is just fine. Pm me for more details if you wish.
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Old May 12, 2017, 1:55pm   #9
 
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hi alex can u provide the name of the prop shop?
thanks
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Old Jun 4, 2017, 4:03pm   #10
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AlexDax started this thread Hi, I sent you pm with details and conditions.

Last edited by AlexDax; Jun 5, 2017 at 1:01am.
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Old Aug 9, 2017, 9:22pm   #11
 
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Do you have an API for the trading platform, I always wonder if there are prop shops providing API to their trading platforms...
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Aug 16, 2017, 1:18pm   #12
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AlexDax started this thread
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Originally Posted by Quantt View Post
Do you have an API for the trading platform, I always wonder if there are prop shops providing API to their trading platforms...
Hello,
Prop firms have limitations and are not suitable for HFT, algorithmic trading. So any APIs you might find would not help you any better than regular simple scripting on the platform. Many traders tend to believe that they can do hft or anvanced algo trading through prop trading firms; with serious brokers that is just not possible. You would have to build your own system, and perhaps include a server on the NYSE.
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Old Aug 16, 2017, 2:07pm   #13
 
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Quote:
Originally Posted by AlexDax View Post
Hello,
Prop firms have limitations and are not suitable for HFT, algorithmic trading. So any APIs you might find would not help you any better than regular simple scripting on the platform. Many traders tend to believe that they can do hft or anvanced algo trading through prop trading firms; with serious brokers that is just not possible. You would have to build your own system, and perhaps include a server on the NYSE.
I agree with you on the HFT, but not on the algorithmic trading, because I have been doing it personally for years hosting on VPS servers far away from my actual discount broker and using his API... I just can't imagine staring into stock charts all day long...
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Aug 20, 2017, 5:05pm   #14
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AlexDax started this thread
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Originally Posted by Quantt View Post
I agree...
Hello, you are right about algo trading, it can be done with no problem as long as there is no manipulation. We have some algo traders, who don't use the API but Visual Basic. However, API is available for Sterling Trader Pro which is the platform used. If you are intrested in testing the API let me know by pm.
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Old Aug 20, 2017, 8:07pm   #15
 
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Quote:
Originally Posted by AlexDax View Post
Hello, you are right about algo trading, it can be done with no problem as long as there is no manipulation. We have some algo traders, who don't use the API but Visual Basic. However, API is available for Sterling Trader Pro which is the platform used. If you are intrested in testing the API let me know by pm.
Hi Alex, great idea! I have heard and looked into the Starling platform years ago, but didn't realized they have an API available, I'll check the documentation to see what is possible... Unfortunately I don't have time right now, but in a few months I'll have more spare a time and would love to test and will reach out... Cheers!
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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