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Alaron
31%     69%
(16 Votes)
 
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  "reminds me of a chop house" - dirkdSeptember 17, 2009   1:14 PM  
 
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i went to alaron because i had believed i would be getting service from my broker. i didnt know enough about the market to trade it myself and i figured i needed someone experienced. however that someone was terrible i lost over 50% of my account in the first month. my broker had less knowledge than me. they try and get in people and then charge them and they dont care if you make money or lose everything you have.

  
  "CFTC Sanctions Alaron Trading Corporation for Failing to Supervise Diligently Employees" - Ronin08May 31, 2009   6:58 AM  
 
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Specifically, the CFTC order, entered on April 18, 2008, finds that from at least July 2004 until February of 2006, Alaron failed to supervise diligently its employees in their handling of certain accounts managed by an unregistered commodity trading advisor (CTA), as well as certain other accounts in which they allowed unauthorized trading of customer accounts by an introducing broker (IB).

During the relevant time period, due to deficiencies in Alaron’s supervisory system, Alaron did not detect the unregistered activity and unauthorized trading. According to Alaron’s trading records, it carried accounts for at least 25 clients in which an unregistered CTA managed an aggregate of $213,850.70. Despite numerous indications to Alaron employees that it was permitting an unregistered CTA to manage accounts, Alaron did not have adequate compliance procedures to discover, deter and/or terminate the wrongful conduct.

Personally had a Account with them from 2004 to 2006 and had numerous problems with their Trading Desk and the Broker assigned to my account: Mrs Jovancka, she was always talking to me about the Rice Market when she knew that I only traded the T-Bonds Futures ! Recently they merged with PFGBest. Alaron had less than 100 employees and Peregrine has more than 225.If I knew back then that they had so few employees I would have close my account sooner.

  
  "Still a Poor Organization" - DebiFortunatoApril 09, 2009   9:46 AM  
 
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Hello Naz Attack.

While it is quite true that the name Debi Fortunato is not listed as an Alaron account I also I didn't find anyone by the name Naz Attack that works for Alaron as well... Not that I really checked but, Im just making a grand assumption. I do think it is a rare occurance that people use their actual names when blogging unless you are looking for stalkers and weirdos.

I do give you credit for spending time looking me up though. Maybe, if you do indeed work for Alaron, and you spent as much time trying offering a positive experience you wouldn't have to spend as much time, trying to debunk opinions, here. "Me thinks she doth protest too much".

I stand by my original post

Love and kisses sweetie, Debi :)

  
  "No problems at all" - NazAttackApril 08, 2009   8:47 AM  
 
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I will admit that with every firm there are issues, but I am forced to post here b/c I know that virtually all of what is written here to be false.

Since I know the firm quite well, I also know that 2 of the NEGATIVE posters are X employees. And Debi F does not even have an account with the firm.

Beyond all that, Alaron leverages TT & TTnet, and if you're a true professional futures trader you know it is the only ISV you want to be using. From a cost perspective, NO ONE can beat their rates for TT, and commissions for self-directed trading are in line with every other firm out there.

  
  "Poorly run organization" - DebiFortunatoMarch 30, 2009   2:44 PM  
 
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Its quite obvious that the owners of this company do not care about their clients.

Some of the brokers are ok but you can tell that they are a firm left back a few decades. Kind of like the kid you knew in school who was left back 2 grades. Sure he's bigger then you so you dont say anything back to them so your best bet is to move on. They will fight you tooth and nail on any valid point you have and never ever ever ever ever accept blame for a problem. Thats what poorly run organizations do.

I'm pretty fair and it would have been nice if someone would admit fault at least once... ah but alas, it will never happen. If you are an electronic trader I see no value at Alaron because they are so far behind the times . If you need some sort of broker assist and you know someone there, thats one thing but if not you would be well suited to try another firm, since the brokers, seem to have no say so, kind of like their hands are tied....

Now with this recent move to Penson... what does this tell you about them? Clearly a company that is scrambling to stay afloat and will probably be merged or bought or be out of business by the end of the year.

If you enjoy filling out account forms 50 times with every new blunder, or like having your fees raised without adequate notice, (that being more than a day) then by all means it will be a meaningful experience but if you just want to focus on your business which is trading, there are many other places to try that can do it better

  
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