T3 Trading Review and Is Proprietary Trading a Thing?

  • April 30, 2019

Trading, training, technology - these 3 T's make up this Bullish Bears' T3 Trading Review. My guess is that you're considering prop trading today. Or you're a prop trader looking for a new home?  

What Is T3 Trading and Is the Proprietary Trading Group Legitimate? (Review Breakdown)

  • T3 Trading offers proprietary trading which is when a firm provides funds to profit from trades via traders sharing in the said profit. Needless to say, 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 own way of putting it but you can also read the intelligent intellectual definition here on Investopedia.

T3 Trading Review

In order to understand this T3 Trading review, let's first cover the difference between proprietary trading 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 the ability to take 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 (check out our stock market basics page).

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1. T3 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 member of FINRA, NFA, and the SIPC.

They accepts both retail and proprietary traders. To see their commission rates plus routing and regulatory fees, go here.

T3 Trading Review

2. 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

3. 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 a variety of media, including interactive T3 trading rooms, newsletters, and programs.  

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What Are T3 Trading Fees in 2020? (Pricing Review Breakdown)

  1. T3 Trading Live also keeps an active blog. Additionally, their Virtual Trading Floor offers four interactive courses, like Strategic Day Trader. At the time of this writing, each costs $295/mo or $2,495/yr.
  2. T3 Live also offers five newsletters, including ones for swing traders and options trading. Currently, the prices of newsletters range from $95/mo to $129/mo with discounts for annual subscriptions.
  3. Additionally, T3 Live offers seven live education programs; featuring subjects like Algorithmic Rules of Trend Lines. Prices range from $195 to $7,495.  
  4. 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.

1. Technology: T3 Trading Review

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 necessary for proprietary traders, including advanced charting, hotkeys, backtesing, and analytics.

2. Matador Mobile App

​We take a 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 also 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.

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3. 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 choice of 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 style of trading. 

T3 Trading Review

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. If you want to channel your emotion into passion for learning and trading, you will be at home in the Bullish Bears Community - join here today

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