No. We do not support investing, swing trading, or positional trading. DTTW™ supports day trading only.
When a trader is just starting out, he can receive buying power for trading on all markets. In the Training Platform, he is automatically approved for the maximum buying power available for all currencies. In Live, he can be automatically approved for buying power up to set limits, after which point an explanation is required stating the reason for the higher request, which is then reviewed and either approved or denied by the Risk Team.
In most cases, yes. Gateway and ECN fees are charged to the trader on top of every transaction. Occasionally, the fees are waived by the gateway as part of an exclusive promotion for DTTW™ Trading Offices.
During the last week of every month, the settlements statement is published in Metro for the previous month’s trading. The Finance Rep of your office then has a few days to review and confirm settlement amounts, cover losses and exchange currencies, and allocate and send funds to registered bank accounts. When that is done, the Finance Team sends bank wire transfers to your office for the total settlement amount.
There is no limit to how much money you can make. Some of our most successful Trading Office managers earn tens and hundreds of thousands of dollars a month, sometimes even more.