Gerchik & Co, an international brokerage company managed by WallStreet trader Alexander Gerchik, 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 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.
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.
Gerchik & Co, an international brokerage company managed by WallStreet trader Alexander Gerchik, 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 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.
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.
This post is originally published on FINANCEMAGNATES.
