When you're ready to start, simply sign up by entering your details and paying the one-time fee. This fee covers the steps described above.
There are no time constraints.
We strictly follow U.S. SEC and FINRA regulations for day trading. Essentially, this means operating under the Pattern Day Trader (PDT) rule, similar to having a margin account. Your equity must remain above $25,000, and you have 4:1 leverage during market hours and 2:1 outside of them. We also maintain a Special Memorandum Account (SMA), so it's important to monitor your available buying power. For more information, visit the FINRA page on day trading.
Note: Since we are unable to issue margin calls, if your equity falls below $25,000, your account will be voided, and you will need to restart from stage 2.
At Stage 3, at the end of each month, if you've made a profit, you can request to receive 80% of it as real money. In this case, the total profit will be deducted from your balance, and 80% of the amount will be wired to your bank account within three business days.
No, prop firms are registered brokers. Traders working at prop firms must pass FINRA exams like the SIE, Series 7, etc. Companies claiming to be prop firms that give you money to trade are operating illegally. So how do we do it? By strictly following SEC/FINRA regulations. One key rule is the net capital requirement (Rule 15c3), which we adhere to by maintaining capital reserves as proof of compliance.
Our mission is to help people achieve financial independence. Day trading is a great fit for this goal, so we guide beginner traders to learn, practice, and, with dedication, earn enough to eventually trade independently with a registered broker-dealer.
Day trading stocks and ETFs in the U.S. requires a margin account and adherence to Pattern Day Trader (PDT) rules, which, among other things, means you must maintain at least $25,000 in equity in your account. You have 1:4 leverage during market hours and 1:2 outside of them, and you need to understand how purchasing power is calculated (SMA account), etc. Additionally, 97% of day traders lose money over time. So, even if you have $25,000 to start day trading, it's wiser to first learn and practice RISK-FREE with simulated money until you've developed the necessary knowledge, discipline, and consistent profitability.
Day trading with us ensures you'll learn the basics of day trading, SEC/FINRA rules, technical analysis, risk management, and how to create and fine-tune your own strategy. The icing on the cake? If you perform well, we'll convert 80% of your virtual profits into real money, so once you're ready, you can open a margin account with a registered broker/dealer.