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Avatar Securities Review
Avatar Securities is a New York broker dealer where experienced traders use the firm's own capital to trade equities, not a retail brokerage or funded challenge program.
Account Sizes
Various
Profit Split
Up to 90%
Max Drawdown
10%
Payout
Bi-weekly
Pros
- FINRA and Nasdaq PHLX member since 2008, with a real SEC registration
- Founded by veterans of Tradescape, a known electronic trading pioneer
- Gives direct market access through Takion, Lightspeed, and Sterling Trader Pro
- Offices in both New York City and Chicago for in person support
Cons
- Traders are not brokerage customers, so SIPC insurance does not apply
- Requires a capital contribution under an operating agreement to join
- Not designed for casual retail forex traders or complete beginners
- Public pricing and profit split terms are not posted on the main site
Avatar Securities was founded around 2004 by former staff of Tradescape Corp, an electronic trading technology firm bought by E*Trade in 2002. The founders used that background to build a proprietary trading firm for experienced equity traders in New York, with a second office in Chicago.
The firm is a FINRA and Nasdaq PHLX member, and it has been registered with the SEC since 2008. Traders get direct market access through platforms like Takion, Lightspeed, and Sterling Trader Pro. Avatar itself states that traders are not brokerage customers, so standard SIPC insurance does not apply to their trading capital.
This is not a beginner friendly forex broker. Avatar targets professional and experienced traders who bring a capital contribution under an operating agreement, and payout terms depend on that agreement. Anyone considering it should read the firm's own disclaimer and risk terms closely before joining.
Max Leverage
Not publicly disclosed, terms are set in each trader's operating agreement
Spreads From
Not applicable, Avatar is a proprietary equities trading firm, not a spread based forex broker
Platforms
Challenge Types
Regulators
- FINRA
- SEC (USA)
