To be a proprietary trader you need to have a Series 56, 57 or Series 7 + 55 license. If you don’t have one yet, T3 will sponsor you for the Series 57.
The primary benefits of being a proprietary trader vs. a customer retail trader include:
1. A highly advantageous commission structure
2. Professional trading platforms
3. No need to maintain $25,000 in your prop account to day-trade, like you would in a customer account.
4. Access to firm capital. Capital leverage is available to traders based on their trading experience and buying power needs.