I have created a new YT video about broker backed prop trading firms and also created a blog post to go with this video.

This new phenomenon of broker owned and backed retail prop trading firms is a game changer for me. I go into the various reasons why I believe this during the video.

The video is over one hour in length and features various clips of some well known prop traders including Nick Leeson who was the man who broker Barings bank - just that clip is well worth watching.

To emphasize how I see things, it is very unlikely that if you pass a trading challenge, you will not get funded nor get paid out by a broker backed firm, so long as you do not break any of the trading rules. This changes everything.

Please leave me your comments about how you see the prop trading space and also what you think of the Nick Leeson and Stephen, Cohen.