How to Select a Proprietary Trading Firm?

Here are some important criteria which help you to select the right Proprietary Trading firm:

• The term and size of the deposit: The deposit term and size increased by a portion of the firm’s capital should provide an increase in the volume of transactions. It should not increase the risk of current drawdowns and also not forcing yourself to limit the volume.
• Conditions for Participation in Traders Contests: Legitimate proprietors hold such events using demo accounts and not the real ones. In contests on real trading accounts, there is a risk of not getting back the funds deposited by anyone Trading without a prize. However, there is no certainty that they will get the money from the prop trading firm for the winners. You should remember that market conditions of real Trading cardinally differ from contest ones.
• The reputation of the organization: Bad rep proprietary trading firms are marred with a lot of inconveniences, slippage, non-market price jumps, or interrupted communication. So, there is a greater possibility that scammers may not allow withdrawing the profit and trade to the profit. So, you need to avoid such a company.
• Paid training: A trader in a prop firm is an employee, and the employer must educate him free of charge. However, Russian pro-trading companies train for money, and they do not even guarantee employment. So read the terms of your selected proprietary trading firm.