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So you want to be an execution trader.. You won't be getting any 70 80 or 90 % splits for that. But it exists and with very big capital just not in the fx space.

well, maybe it should exist. Where there is a gap, there is an opportunity.

Lots of firms have come to mind in the past, Amplify Trading, EDUCATE2TRADE, Samuel & Co., and Blueprint Capital, just to name a few, but nothing seems the correct fit as you generally have to participate in an educational course, or partially fund the account yourself and pay high desk fees. It's my fault for never keeping a track record that was consistent in one space for a prolonged period of time. My use of time with these current prop firms is to build the track record, with the help of an EA(s), and to then approach places to see if I can jump from the 10's of thousands to the millions under management. Or to build something that would help retail traders get out of the boom-bust cycle of chasing alpha with high risk and breaks in their discipline. With max DDs around 5%, getting a track record with these retail firms will be attractive to bigger money, as their motive is to generally not lose a lot. That's my current theory anyway.

Basically, I am here to find the best firms to trade within this space, and so I am grateful for this thread.

I applaud your ambitions. I think you should use a solid broker (IBKR like) for building a track record.

So you are planning to attract other peoples' money with potential track record (which does not exist yet), but assuming you will have that, then you are rewarded with around 20% performance fees.
Assuming 2 mln AUM x 0.15 (annual return) x 0.2 = 60K.

Why not to target 2 mln FUNDED account, which gives at least 70-80% performance fees? Then, 2 mln FUNDED ACCOUNT * 0.15 x 0.7 = 210K.

Perhaps, but the infrastructure expense makes it very complicated.

As an execution trader on treasuries the good traders got 50/50 the best got 60% and to be the best you had to be making millions for the entity already.

The thing about retail FX is random walk theory, all large market players make markets in fx purely because they know at some point in time the trader is going to lose the store, so you won't really find much alpha from retail flow if any at all unless you can play with orders for execution or, the smart way, b book them.

Except for those 0.1% from retailers who can make it consistently or ? Because I do not see much difference to instutional FX traders. All the data and software you get almost for free and the news are not expensive. One can afford a Metastock Xenith FX news terminal from Reuters badged for only $99 monthly. So there should not be any real advantages from institutionals in comparison to retailers. Of course they have more deep pockets, but this is only a question of leverage and risk management.

Random walk suggests that all trades, regardless of status will fail at some point. Some tomorrow, some 5 yrs from now, but eventually dead. Its knowing that fact that helps you be profitable. As you are more likely to pay yourself when you know you are going to fail at some point. From a brokerage perspective, the reason that retailers fail so much and brokers can just b-book away, is they compound too much on high gains.

I think the MFF VIP program is a game changer with the "withdrawing at any time".
That means I can get my profit split daily if I wanted. The whole reason to have other accounts with other firms is to hit my target on one account and onto the next in rotation.
So now the only reason to use other props is to have a backup account if you blow the MFF one or MFF goes bust.
But this feature better become an industry standard from now on.

I am of the belief that consistently profitable traders are happy with a win/loss ratio of ~45% as they have asymmetric trades. For all of the DD and risk rules in the retail space, no one seemingly actively promotes a RRR =>1:2
A lot of the focus plays up to withdrawals and leverage, showing most retail traders actively trade their pnl rather than the markets

do those traders also have the luxury of a 6 figure salary and social benefits?

if the accounts I have can scale up to reach 2mln, I will get there eventually. Most seem to cap at a lower level

Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know
PUBLISHED THU, SEP 29 20225:27 AM EDTUPDATED 4 HOURS AGO, Elliot Smith

KEY POINTS
To prevent an “unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy,” the FPC said it would buy gilts on “whatever scale is necessary” for a limited time.
Central to the bank’s extraordinary announcement was panic among pension funds, with some of the bonds held within them losing around half their value in a matter of days.
Analysts are hoping that a further intervention from either Westminster or the City will help assuage the market’s concerns, but until then, choppy waters are expected to persist.
The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up financial stability, with markets in disarray following the new government's fiscal policy announcements.

The move came after a massive sell-off in U.K. government bonds — known as “gilts” — following the new government’s fiscal policy announcements Friday. The policies included large swathes of unfunded tax cuts that have drawn global criticism, and also saw the pound fall to an all-time low against the dollar on Monday.
The decision was taken by the bank’s Financial Policy Committee, which is chiefly responsible for ensuring financial stability, rather than its Monetary Policy Committee.
To prevent an “unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy,” the FPC said it would purchase gilts on “whatever scale is necessary” for a limited time.
Central to the bank’s extraordinary announcement was panic among pension funds, with some of the bonds held within them losing around half their value in a matter of days.
UK at the center of inflation and the energy crisis: Investment management firm
The plunge in some cases was so sharp that pension funds began receiving margin calls — a demand from brokers to increase equity in an account when its value falls below the broker’s required amount.
Long-dated bonds represent around two-thirds of Britain’s roughly £1.5 trillion ($1.6 trillion) in so-called liability driven investment funds, which are largely leveraged and often use gilts as collateral to raise cash.
These LDIs are owned by final salary pension plans, which risked falling into insolvency as the LDIs were forced to sell more gilts, in turn driving down prices and sending the value of their assets below that of their liabilities. Final salary, or defined benefit, pension plans are workplace pensions popular in the U.K. that provide a guaranteed annual income for life upon retirement based on the worker’s final or average salary.
In its emergency purchase of long-dated gilts, the Bank of England is setting out to support gilt prices and allow LDIs to manage the sale of these assets and the repricing of gilts in a more orderly fashion, so as to avoid a market capitulation.
The bank said it would commence buying up to £5 billion of long-dated gilts (those with a maturity of more than 20 years) on the secondary market from Wednesday until Oct. 14.
The market has clearly lost confidence in the incoming UK government, says Roger Ferguson
The expected losses, which could eventually take gilt prices back to where they were before the intervention, but in a less chaotic manner, will be “fully indemnified” by the U.K. Treasury.
The bank retained its target of £80 billion in gilt sales per year, and delayed Monday’s commencement of gilt selling — or quantitative tightening — until the end of October. However, some economists believe this is unlikely.
“There is clearly a financial stability aspect to the BoE’s decision, but also a funding one. The BoE likely won’t say it explicitly but the mini-budget has added £62 billion of gilt issuance this fiscal year, and the BoE increasing its stock of gilts goes a long way towards easing the gilt markets’ funding angst,” explained ING economists Antoine Bouvet, James Smith and Chris Turner in a note Wednesday.
“Once QT restarts, these fears will resurface. It would arguably be much better if the BoE committed to purchasing bonds for a longer period than the two weeks announced, and to suspend QT for even longer.”
A central narrative emerging from the U.K.’s precarious economic position is the apparent tension between a government loosening fiscal policy while the central bank tightens to try to contain sky-high inflation.
Confidence in the current UK government is at an all-time low, journalist says
“Bringing back bond purchases in the name of market functioning is potentially justified; however, this policy action also raises the specter of monetary financing which may add to market sensitivity and force a change of approach,” said Robert Gilhooly, senior economist at Abrdn.
“The Bank of England remains in a very tough spot. The motivation for ‘twisting’ the yield curve may have some merit, but this reinforces the importance of near-term tightening to guard against accusations of fiscal dominance.”
Monetary financing refers to a central bank directly funding government spending, while fiscal dominance occurs when a central bank uses its monetary policy powers to support government assets, keeping interest rates low in order to reduce the cost of servicing sovereign debt.
Further intervention?
The Treasury said Wednesday that it fully supports the Bank of England’s course of action, and reaffirmed Finance Minister Kwasi Kwarteng’s commitment to the central bank’s independence.
Analysts are hoping that a further intervention from either Westminster or the City of London will help assuage the market’s concerns, but until then, choppy waters are expected to persist.
Dean Turner, chief euro zone and U.K. economist at UBS Global Wealth Management, said investors should watch the Bank of England’s stance on interest rates in the coming days.
The Monetary Policy Committee has so far not seen fit to intervene on interest rates before its next scheduled meeting on Nov. 3, but Bank of England Chief Economist Huw Pill has suggested that a fiscal event and plunge in sterling of this magnitude will necessitate a “significant” interest rate move.
UBS does not expect the bank to budge on this, but is now forecasting an interest rate hike of 75 basis points at the November meeting, but Turner said the risks are now skewed more toward 100 basis points. The market is now pricing a larger hike of between 125 and 150 basis points.
The UK government has made the Bank of England's position almost impossible, strategist says
UK government has made Bank of England’s position almost impossible: Strategist
“The second thing to watch will be changes to the government’s position. We should be in no doubt that the current market moves are the result of a fiscal event, not a monetary one. Monetary policy is trying to mop up after the milk was spilt,” Turner said.
The Treasury has promised a further update on the government’s growth plan, including costing, on Nov. 23, but Turner said there is now “every chance” that this is moved forward or at least prefaced with further announcements.
“If the chancellor can convince investors, especially overseas ones, that his plans are credible, then the current volatility should subside. Anything less, and there will likely be more turbulence for the gilt market, and the pound, in the coming weeks,” he added.
What now for sterling and gilts?
Following the bank’s bond market intervention, ING’s economists expect a little more sterling stability, but noted that market conditions remain “febrile.”
“Both the strong dollar and doubts about UK debt sustainability will mean that GBP/USD will struggle to hold rallies to the 1.08/1.09 area,” they said in Wednesday’s note.
This proved the case on Thursday morning as the pound fell 1% against the greenback to trade at around $1.078.
Bethany Payne, global bonds portfolio manager at Janus Henderson, said the intervention was “only a sticking plaster on a much wider problem.” She suggested the market would have benefited from the government “blinking first” in the face of the market backlash to its policy agenda, rather than the central bank.
Strategist says it’s questionable whether UK stocks will offer returns compared to the U.S.
“With the Bank of England buying long-dated bonds, and therefore showing willingness to restart quantitative easing when markets become jittery, this should provide some comfort to investors that there is a gilt yield backstop,” Payne said.
Coupled with a “relatively successful” 30-year gilt syndication on Wednesday morning, in which total interest was £30 billion versus £4.5 billion issued, Payne suggested there was “some comfort to be had.”
“However, raising [the] bank rate while also engaging in quantitative easing in the short run is an extraordinary policy quagmire to navigate, and potentially speaks to a continuation of currency weakness and continued volatility.”

When I did it I Was a contractor. The risk desk was salaried as well as admin etc. They probably had high 5 low 6 fig salaries and benefits.

You said:
I'm going to start my own prop shop and offer traders what I would want in a firm.

I think starting a prop shop requires way more than what you wrote. I don't think you are serious. You are a dreamer as per your general comments.

Opinions are like A-holes, everyone has one. You're entitled to have yours, but you have no idea about how serious I am or anything else about me.

This was written in TFF Discord. Don't know if it's true but they announced new payment system starting this week

"new payout system got paid within 2 hours after requesting it"

(and in the meanwhile TFTP announces 3 to 2 days for payouts, like if that's something fantastic )

Ok, Here's the inflation reduction plan... let's slash income to the gov & at the same time increase spending, so our bonds will fall off a cliff increasing our gov borrowing costs, while also tanking our currency increasing our companies US denominated debt payments & our country's oil costs priced in US dollars... genius move!

dose anyone know which reliable propfirm takes payment through skrill other than FTMO, I'm from banfladesh cant use my card due to restriction and cant convert my skrills to BTC as well

Can you have Paypal ?
Is so a solution would be to link Paypal to Skrill virtual card. Anytime you pay with Paypal your Skrill balance is charged.
The question would be what brokers accept paypal. Of the main ones I think only E8 and The Prop Trading.

thnx for info , unfortunately we don't have this also. bcz of our govt rules skirll also restricted our country to provide regular + virtual card. very tough to trade from here

Maybe you can setup an offshore company with a bank account and credit card somewhere else out of your country. For setup cost you must look, many competitors.