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Definition of a prop firm

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I agree. For me it's all about the business model.

My point is, if an organization offers training as a parallel service to their trading arm, then it's acceptable to call them a prop firm, because their primary source of revenue is not (or not necessarily) coming from training.

I was browsing "prop firm" on Google earlier on today and I came across Savius LLC (I've seen they're also mentioned here on FIO). That to me looks like a prop firm which also offers training services. That's legit in my view.

In light of some recent conversations with some FIO members I want to clarify:

with the quote above I never meant to say that firms that offer purely training services are not legitimate.

My contention is, they simply should not call themselves prop firms.

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