Independent firm profile
First New York Securities
Multi-strategy proprietary trading firm running discretionary equities, macro, options and event-driven books with a partner-capital model.
- Headquarters
- New York, NY
- Founded
- 1986
- Funding model
- Leveraged Trader Capital
- Region served
- North America
Community rating
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Overview
What this firm is and who it serves
First New York Securities is a trader deposit / first-loss model trading firm headquartered in New York, NY, founded in 1986. The firm provides traders with funded accounts to trade futures, stocks, options, forex.
At a glance
Structured facts about this firm
- Firm Type
- Leveraged Trader Capital prop firm
- Market Focus
- Futures, Stocks, Options, Forex
- Trading Style
- Trader Deposit / First-Loss Model
- Institutional Level
- Retail-accessible proprietary firm
- Retail Accessibility
- Open to retail traders
- Geography
- New York, NY · North America
- Known For
- Multi-strategy proprietary trading firm running discretionary equities, macro, options and event-driven books with a partner-capital model.
Funding programs
Account types and the path to capital
Evaluation
—Not required by this firm.
Instant funding
—Not offered by this firm.
Scaling plan
—No formal scaling plan documented.
Trading rules
What's allowed, what isn't
Asset classes supported
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Frequently asked questions
Common questions about First New York Securities
Is First New York Securities a legitimate prop firm?+
First New York Securities was founded in 1986 and is headquartered in New York, NY. Multi-strategy proprietary trading firm running discretionary equities, macro, options and event-driven books with a partner-capital model.
Does First New York Securities require an evaluation?+
No. First New York Securities offers funded accounts without a traditional evaluation phase.
What is the profit split at First New York Securities?+
First New York Securities's published profit split is: Negotiated.
How often does First New York Securities pay out?+
First New York Securities processes payouts on a monthly basis, with first payout eligibility: Negotiated.
What platforms does First New York Securities support?+
First New York Securities supports the following trading platforms: Bloomberg, Sterling.
What trading restrictions does First New York Securities enforce?+
At First New York Securities, news trading is allowed, overnight holding is allowed, weekend holding is allowed. Always confirm current rules directly with the firm before trading.