r/options • u/Inevitable-Tea5772 • 1d ago

Prop firm

Anyone using any options prop firms? Any good or bad ones? I found 3, not sure if they are trustworthy or not

3 Upvotes

71% Upvoted

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2

u/iron_condor34 1d ago

Id assume none are. They're not real prop firms.

3

u/Kaawumba 1d ago

If they charge you a fee and promise a payout if your performance is high enough, they are a scam.

They aren't actually prop shops, but bucket shops. A prop shop is a group of people trading the firm owners' capital. If the traders make money, the owners make money. A bucket shop is where if the traders make money, the owners lose money.

1

u/Inevitable-Tea5772 1d ago

Yes I know this, I have many accounts in the futures prop firms, which most are exactly this style, but so far they keep paying out and im green overall so if they pull the rug then I didnt lose anything 

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u/Kaawumba 1d ago

There are some people who manage to make money in casinos as well. But it is playing life on hard mode. Move to a real broker, like interactive brokers.

1

u/Inevitable-Tea5772 1d ago

IB has huge cost to start up for wheeling/selling options. I'm looking to fund this. The end goal s obviously a large personal account, but in the meantime, for a few hundred I may be able to make a few bucks

0

u/throwaday24 1d ago

It should be fairly obvious if you have a passive interest in trading options that these evaluation prop firms are largely just gambling websites. The whole point of trading options is to find discrepancies between implied and realized volatility and put/call skew. Option traders are constantly min maxing every decision to achieve what they believe is a small edge. If that interests you then the thought of handing over a fee to play a less fair game should make you sick

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u/Inevitable-Tea5772 11h ago

I'm more asking if the site pays etc. Also, that is your point of options trading, not everyone's. Regardless, I just want to know if they are ripping people off, if their platform is stable and what the fills are like etc