What is a Remote Forex Prop Firm?
Remote forex proprietary firm use their capital to make profits. Instead of using the client’s money as the traditional way, they use theirs to make profits.
On the other hand, a prop trader works as a contractor for the company. When profit is made, it is shared between the pro trader and the firm.
So, how do remote forex prop firms work? Prop firms usually invest in commodities, bonds, derivatives, forex, stocks, among many other things in the market.
They usually make money via two methods: profit splits with profitable traders and selling the funded accounts challenges.
This is what normally happens. The remote proprietary trading firms provide you with a large-sized account after you have paid them for a challenge. You will then use the account to trade for a month, but you must follow the trading rules.
Once profit is made, you get a cut of 70% for your efforts. It has been shown that these firms provide value to the traders and are real, you can really trade from home!