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xtoronto
 

Registered: Jun 2004
Posts: 60

 

07-15-12 03:30 AM

Cancel my previous post, just noticed it was a different firm with a similar name also located in Toronto.

Every firm will ask for a risk deposit especially if you are a new trader or trading remote. 2500 is ok depending on your stop loss. Ive been noticing alot of these new firms talk alot about leverage. IMO bp and leverage should not be the factor in determining deposit, it just shows that the firm/group is under capitalized. The deposit is for risk and should be based on how much the firm is willing to let you lose in a day.

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wyborowa
 

Registered: Nov 2008
Posts: 4

 

07-15-12 03:57 AM

clearing fee is USD 0.20/1000 shares

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jmelton
 

Registered: Jul 2012
Posts: 2

 

07-16-12 01:41 PM

I think $0.20/1000 is as low as it can get for someone just starting (from my own DD).. I called Vortex Capital Group and they informed me that I would need to go through some testing before anything despite having 3 years of trading experience.. So I asked someone who I know who has gone through it and he informed he didn't pass even though he was up like $45 for the day... he said they look at other ratios as well....

how did you manage to do on yours (I'm assuming you have done well and you got accepted)??.. any idea what it entails??

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