Prop Firms

Discussion in 'Prop Firms' started by patel94shyam, Nov 18, 2014.

  1. Maverick74

    Maverick74

    Deutsche Bank. How does that resume look?
     
    #11     Nov 26, 2014
    newwurldmn likes this.
  2. sunface

    sunface

    Could you give a website link?
     
    #12     Nov 26, 2014
  3. I'm not sure why you felt the firm was "fishy" however there are some concerns are being voiced at the moment regarding Nonko. Those of us who have had the unfortunate encounter with shady firms know all to well when things are about to go sour, so here's a heads up: when you log into DAS Pro, if you see a "TR" in front of your account number, then it's a DEMO account, which means your trades are fake, and are not being sent to the exchange.
     
    #13     Dec 4, 2014
  4. DT3

    DT3

    I read a review of Nonko that was along those lines but cant confirm how reliable it is. Are you just referring to that review in your post or do you have some more insight?
     
    #14     Dec 7, 2014
  5. Ya, it's based on trader reviews and from a buddy of mine who is in a chat room where traders were discussing the firm. Usually this is how it starts, before traders figure out they are being duped and several threads begin to appear on ET regarding the same.

    http://www.ripoffreport.com/r/Nonko...mo-Trading-Accounts-instead-of-Live-A-1174787

    http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96874949

    http://www.uneducatedtrader.com/rev...alert-nonko-trading-g6-trading-nevis-trading/

    https://twitter.com/modern_rock/status/537329895236329472

    http://profit.ly/user/Kev2128

    The most damaging part is if DAS Inc (a LEGITIMATE firm and maker of the DAS Trader software) really put out a warning to traders regarding demo accounts, then that in itself is the "smoking gun" evidence.

    Apparently, Nonko has been given ample opportunity to provide rebuttals to the allegations, yet there is no such evidence presented from these reviews to show why the accounts in questions were NOT in demo.

    Again, as I posted above, this is very easy to determine. Having traded with a registered firm in the past that used DAS, I'm very familiar with the platform. If it says "TR" in front of your account number, then IT IS A DEMO ACCOUNT, period.
     
    #15     Dec 8, 2014
  6. Here is the full text of the most recent review from the 5th link posted above:

    Kev2128 - Dec 04, 9:27 PM
    Ok guys i'm issuing out an alert for those who don't know about a broker named Nonko Trading http://www.nonkotrading.com Complete scam and i'm happy i didn't open an account here! I have heard about them and the ridiculous 20-1 buying power to suck newbie traders in to open a account. I asked a couple of gurus only to find out Investorlive has already wrote a blog on them a week ago. I was NEVER a fan of offshore prop firm brokers for this reason. What is going on is that newbies are opening up accounts say $2,000 thinking they will get a buying power of $40,000 to play with only to find out that they are getting a practice account instead and nonko pocketing your $$$$ hoping you WILL LOSE your initial $2,000 anyways. Here is the blog Nate wrote as he has did a bit more digging about them. Stick to USA based brokers IMO. Good luck and be safe out there. Nate Blog on Nonko Trading Scam here. http://investorslive.com/2014/11/25/repost-about-nonko-trading-from-uneducated-trader/

    Personally, my opinion is there is nothing wrong with 20:1 bp, but there IS something wrong when that bp is for fake/demo trades without a trader's knowledge!

    If traders opened accounts with registered broker-dealers and got their Series 56 license, then these newbies would not have to go through this nonsense.
     
    #16     Dec 8, 2014
  7. DT3

    DT3

    Thanks for posting that, scary stuff.
     
    #17     Dec 8, 2014
  8. I have an account with them. I use them for day trading and IB for my long, futures and fx positions. Haven't had any problems with them. PM me if you have any questions or want to hear my experience with them.
     
    #18     Dec 9, 2014
  9. toeknee

    toeknee

    I trade with nonko and I see no problem with the trades, they show up on time and sales.

    Sounds like the original poster lost all his money and is now blaming other things.
     
    #19     Dec 9, 2014
  10. DT3

    DT3

    If you actually trade with them and are not a shill I suggest you ask them for a response regarding these accusations. These are serious and traders capital is clearly at risk with no recourse with these off shore firms.
     
    #20     Dec 9, 2014