Proprietary Firm Accounts | Trading Lingo
Proprietary Firm Accounts | Trading Lingo
Proprietary trading firms originally were regulated trading firms. These firms will hire traders, require them to get licensed to trade (Series 6,7,63,65,66, etc), and allow them to trade with the firms own money. These firms may require traders to deposit up to $10k of their own money, but once they have passed their license, they can get 10x leverage or more. Some of the best traders could have 10mil or more in cash available to trade.