Trading, training, technology – these 3 T’s make up this T3 Trading Review. I guess that you’re considering prop trading today. Or are you a prop trader looking for a new home?
T3 Trading offers proprietary trading when a firm provides funds to profit from trades via traders sharing the said profit. Prop trading isn’t for the faint at heart. It can be a great way to make a living. However, only if you’ve acquired the elusive skill of risk management and probabilities assessment. Wait a T3 minute! Are you wondering what the Fibonaccicucarichi is prop trading?
Prop trading is when a firm provides funds to profit from trades via traders sharing in the said profit. That’s my way of putting it, but you can also read the intelligent, intellectual definition here on Investopedia.
To understand this T3 Trading review, let’s first cover the difference between proprietary and retail trading. Most self-directed traders engage in retail trading.
They open an account at a brokerage and trade with their own money. On the other hand, proprietary traders are normally licensed and trade using the capital of a hedge fund or brokerage. Also, fees tend to be lower and the leverage higher for proprietary traders.
Another benefit of proprietary trading is taking advantage of ECN (electronic communication network) rebates. Brokers receive rebates for adding liquidity to the market and usually don’t share the rebates with retail traders.
However, propriety traders receive the rebates. Also, some proprietary traders even make most of their money solely from rebates.
T3 Trading Securities
In this T3 trading review, we learn that T3 Securities, Inc., is separate but affiliated with T3 Trading. They cater to active, high-volume traders. Also, the brokerage is a FINRA, NFA, and the SIPC member.
They accept both retail and proprietary traders. To see their commission rates plus routing and regulatory fees, go here.
Series 57 Training
In this T3 Trading review, we learn they help aspiring proprietary traders receive the necessary license(s) to trade professionally. First, you need a Series 57 license (or a Series 7 and Series 55) to begin. Therefore, T3 Trading works with STC (Securities Training Corporation) to sponsor traders taking the SIE (Securities Industry Essentials) exam.
Also, the company provides an STC Premier Plus Package that includes the following:
- Study manuals
- Study calendar
- Flashcards
- Online final exams
- Live, online classes led by STC instructors
T3 Live
What is T3 Live? Our T3 Trading review gives you more information. The company T3 Live, LLC is separate yet affiliated with T3 Trading. It provides training for proprietary traders via various media, including interactive T3 trading rooms, newsletters, and programs.
COMPANY |  |  |  |
|---|---|---|---|
| DESCRIPTION | Trade Ideas provides powerful tools like real-time market scanning, AI-driven trade signals, customizable alerts, advanced charting capabilities, and time-saving data visualization | TrendSpider is the most robust all-in-one trading platform on the market today. Uncover strategies, pinpoint opportunities, analyze assets, and time trades like never before | Benzinga allows traders to profit with actionable stock news, trading signals and alerts, A streaming platform with all the information you need to invest smarter today |
| HIGHLIGHTS | Trade smarter • Faster trades • Ease of use • AI • Real-time scanning • Customizable Trade Ideas > | Real-time data • Consolidate tools • One platform • Analysis tools • Automated charting platform TrendSpider > | Breaking stock news • Options alerts • Stock market quotes • Financial news • Trade ideas Benzinga > |
T3 Trading Fees and Pricing Review
- T3 Trading Live also keeps an active blog. Their Virtual Trading Floor also offers four interactive courses, like Strategic Day Trader. Currently, each costs $295/mo or $2,495/yr.
- T3 Live also offers five newsletters for swing traders and options trading. Currently, newsletters range from $95/mo to $129/mo, with discounts for annual subscriptions.
- Additionally, T3 Live offers seven live education programs featuring subjects like Algorithmic Rules of Trend Lines. Prices range from $195 to $7,495.
- While some courses are webinars, others are multi-day seminars held at convention centers. Also, T3 Live offers six home study courses, including a T3 Forex swing trading course. Prices for home study courses range from $95 to $795.
Technology
T3 Trading offers a broad selection of sophisticated platforms to meet the varied needs of active professional traders. Hence, our T3 Trading review.
The company offers the following platforms:
- Fusion DMA
- GAIN GTX
- Lightspeed Trader
- Lightspeed Trader API
- RealTick
- REDI+
- Sterling Trader
- Sterling API
- Rithmic
- eSignal
- WEX
Each highly customizable platform is state of the art with all the bells and whistles. Therefore, they include all the features for proprietary traders, including advanced charting, hotkeys, backtesting, and analytics.
Matador Mobile App
We look at the Matador mobile app in our T3 Trading review. Matador works on the iPhone, iPad, and iPod touch. However, it’s strictly used to trade stocks. The app combines trading and social media, connecting you with a community of traders.
Matador links directly to your bank account using AES 128-bit encryption and TLS 1.2 security. Additionally, there are no account minimums, and Matador collects no commission fees.
Routing and Clearing
The T3 Trading Group has served proprietary traders since 2003. The company is headquartered in New York City, with offices in New Jersey, Florida, and Georgia. It’s also a registered SEC (Securities and Exchange Commission) broker-dealer and member of PHLX and NASDAQ exchanges. As you would expect, T3 offers fast execution of orders via customizable smart routing. Routing options include LIT markets (ECN stock exchanges with public order books) and dark pools (private forums or exchanges). Also, smart routing is available for market makers and floor brokers.
For low-latency execution of trades, T3 offers a dozen routing options, including Clearpool, Credit Suisse, J.P. Morgan, and Meridian. This way, you receive direct access for fast fulfillment of orders.
Additionally, T3 Trading offers clearing arrangements with firms like ED&F Man, ETC, GAIN Capital, and ICBC. Reading our T3 Trading review gives you the best information on this trading style.
Final Thoughts: T3 Trading Review
Trading your own money is psychologically challenging. For some, trading with someone else’s money is even more difficult. I’m sure you know why. It adds levels of stress and responsibility of not losing someone else’s money. Firms like T3 know that. In fact, they’d probably be the first to tell you that if you need certainty, you shouldn’t be a trader. Hence why we did a T3 Trading review.
If you ask great prop traders if the secret is to become a robot, you’d be surprised to hear many say “on the contrary, it is all about the emotion of passion”. The money they make is often just perks on top of what they really get out of it. Here’s how a prop trader described it:
Does a great trade feel great because you did your homework and executed and nailed it? Or do you feel joy when building a trading system (if you are the systematic/mechanic type)? Did you get a rush last time you were trading momentum? Do you go through 100s of charts a day and truly feel the market speaking to you?
“It shouldn’t matter whether you’re risking $25 to make $100 or $25k to make $100k. That’s what I mean by passion.”
While some say you must be unemotional about trading, as humans, this isn’t truly possible.
Frequently Asked Questions
Investors cannot purchase shares of T3 Trading because the company is privately held.
T3 Trading is an online broker that allows investors to trade options, futures, and equities.
Sean Hendelman is the founder and owner of T3 Trading.
As of this writing T3 Trading has 324 employees, and an annual revenue of $165 million.
Prop traders also known as (prop trading) partner with a financial firm who funds the trader, and makes money off of their trading profits.
