https://gerchik.co/en/prop-trading
Thursday, 12/09/2024 | 11:12 GMT+2 by Tareq Sikder
- Traders can access capital ranging from $5,000 to $100,000 and keep 80% of their profits.
- Prop trading is gaining traction, with brokers such as OANDA, Axi, and Hantec Markets expanding into this area.
Gerchik & Co, an international brokerage company, has introduced a new prop trading program for traders. This program allows participants to manage up to $100,000 in company funds, providing a means to trade without using personal capital.
Under the program, traders can access capital ranging from $5,000 to $100,000. In exchange, they retain 80% of the profits they generate. To qualify, candidates must first complete a demo account challenge, which assesses their ability to manage risk and grow funds before being given real capital.
The Prop Trader Challenge
To become a prop trader, candidates must pass a two-stage challenge. The challenge evaluates their trading skills, specifically their ability to grow demo capital to a target amount without significant losses.
Participants have up to one year to complete both stages of the challenge, although they can finish in one week. Entry costs $69, and candidates can take up to three challenges simultaneously. Success in the challenge can lead to managing up to $100,000.
Source: Gerchik & Co
No Limits on Attempts
Gerchik & Co offers unlimited attempts for the prop trader challenge. If candidates do not succeed on their first attempt, they may re-enter as many times as needed to join the program.
This initiative provides a chance for traders to advance their experience and earnings without risking their own funds while retaining a substantial portion of their profits.
Brokers Embrace Prop Trading
OANDA has launched its Prop Trader program in South Africa, allowing traders to become signal providers and earn up to 90% of their profits on a profit-sharing basis, as reported by Finance Magnates. Prop trading is gaining traction, with other brokers like Axi and Hantec Markets also entering the field, typically through offshore regulated entities.
Proprietary trading is rising in popularity but remains challenging. A recent PipFarm poll of 459 respondents shows that while interest is high, only 40% achieve significant financial success in the competitive prop trading landscape.
https://www.financemagnates.com/fore...company-funds/
milk while you can. I remember funding talent days. They paid a lot of traders but those who caught got nothing.
