Coastal Trade Securities

one of the best prop desks ive dealt with so far

they use the lightspeed platform.. which is awesome.. competitive rates, great leverage, and support.. also, THEY ARE A REGISTERED BROKER-DEALER which is a HUGE PLUS on selecting a prop desk... only con is they have your deposit locked up for a year (you have to by law) but its by law so thats not even a real con.. their site looks very basic so dont get thrown off by that..

PayTheOffer

Tools
Execution
Support
Value

I was contacted by one of their new accounts staff

I have been contacted by their new accounts staff on several occasions. They seem very professional, they use the LightSpeed platform (only, don't ask for another), and they were willing to negotiate with me on commissions. They are SEC-registered (unlike Cy Group, etc.), which means that your money will be held as a deposit, not a membership fee, which is a critical detail. It's not like your money will be FDIC-insured, but at least the firm won't be able to claim that you voluntarily donated money to the firm without expectation to receive it back. Coastal Trade Securities was definitely one of the top firms I was considering when I was opening up a prop account. I would definitely give them a call again if I opened up another account. Talk them down on their fees, though... a little pricey in my opinion.

Demersal

Tools
Execution
Support
Value