This profile is currently being reviewed by the BestForex.io editorial team. Some information may be incomplete or subject to change.
Chimera Securities Review
Chimera Securities is a New York proprietary trading broker dealer for active equity traders. It is FINRA and SEC registered, but its record includes several exchange fines.
Account Sizes
Various
Profit Split
Up to 90%
Max Drawdown
10%
Payout
Bi-weekly
Pros
- Currently registered with both the SEC and FINRA, confirmed on BrokerCheck
- Offers real direct market access and trading technology, not just a demo
- Multiple US offices in New York, Chicago, Austin, and San Francisco
- Over a decade of operating history since its 2008 formation in Delaware
Cons
- FINRA BrokerCheck lists seven final regulatory disclosures from 2011 to 2017
- Fined a combined 45,000 dollars in 2017 for mismarking millions of orders
- Past CBOE cases cite supervisory gaps around compliance and recordkeeping
- Traders are not brokerage customers, so this is not a retail forex broker
Chimera Securities was formed in Delaware in 2008 and is based in New York City, with more offices in Chicago, Austin, and San Francisco. It is owned mainly through ChimCap Holdings LLC, led by managing partners Jared Gerstenblatt and Christopher Grimaldi.
The firm trades securities for its own account and is currently registered with the SEC and FINRA. It recruits and trains proprietary traders, giving them direct market access, trading technology, and capital allocations rather than running a simple funded challenge program.
FINRA BrokerCheck lists seven final regulatory disclosures against Chimera between 2011 and 2017. The largest came in 2017, when EDGX, Nasdaq, and NYSE Arca fined the firm a combined 45,000 dollars for mismarking millions of orders as agency instead of principal. Earlier CBOE cases covered a Regulation SHO close out failure, a missed compliance officer filing, and gaps in reviewing employee brokerage statements.
Max Leverage
Not publicly disclosed for individual trader arrangements
Spreads From
Not applicable, Chimera is a proprietary equities trading firm, not a spread based broker
Platforms
Challenge Types
Regulators
- FINRA
- SEC (USA)
- SIPC
