I got a job offer to trade for a living with Mavrick Trading. Mavrick Trading is a Proprietary or Prop trading firm. I had my interview last Thursday and they let me know tonight, Monday, that I could trade with them. I would work from home. There is a two month training period and Demo period where I have to demonstrate what I can do for them. Then I would start with $25K and start working my way up. I would have to sign the following Member Agreement.
What’s making me question them a bit, is that they make you pay $5K upfront for training and then a $199/month desk fee, then another $5K as risk capital. I would keep 70-75% of my profits and they would take the rest. Trading is thru Interactive Brokers and commissions look to be the lowest in the industry.
At the end. I decided to decline the offer. It is a job where you have to pay them to work and they take a 30% cut of your profits and you still have to pay income tax on that. So you would only net 50%. I have my own capital and better off just risking my only money and keeping 100% of the profits.