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serioustrader
Registered: Oct 2010
Posts: 2 |
10-04-10 07:13 PM
I am a profitable trader who currently lives in the states and am moving to Montreal, Canada by the end of the month.
I was wondering what the best prop firms in Montreal are (i.e. high payout, low fees, offers remote trading etc.)
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montrealrob
Registered: Sep 2010
Posts: 17 |
10-04-10 08:06 PM
Hey I work now at lynx trading and have been there for 2 months. So far everything has been great. It is a smaller firm which is only a few years old and is only now starting to attract more traders. So far they are a lot better then the only other place I ever worked in Montreal, Golden Market Management. At lynx I get 80% profit compared to 65% at Golden, I get 30 times my deposit (vs 20 at Golden), my daily stop limit is 5 times as high (1000$ vs 200$ at Golden), and best of all there is no pressure. At Golden I swear by God I would make 500$ in a day and I would get 2 emails from the managers telling me I am not trading enough volume I have to change. They push you around because they are full of themselves I think. The managers do not even make any trades and they would constantly be telling me I was not trading properly even when I made money. I would increase my volume and get bumped out of my positions because of the low daily stop loss they have. It was frustrating to say the least. Also I was promised overnights at Golden and only found out when I did not close a position that what they meant was only after a long time with them would I be allowed overnights. This was not how they presented it in the job interview and it caused me to lose about 400$ the day I had to close a position overnight on a low volume stock I thought I could hold. Anyways I suggest Lynxtrading to anyone, like someone said they are really easy they have a minimum deposit of 1000 dollars and they should give you 30 x on whatever you leave them. I am no expert but I do know that Lynxtrading rips Golden Market Management.
Also if you are experienced you are prob better served not going to swift trade.
pm me if you have other questions or if you want contact info for the recruiter at lynx.
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trader1523
Registered: Apr 2009
Posts: 61 |
10-04-10 08:10 PM
I am not going to tell you where to go because there are a fee good firms in Montreal
look at the following
WTS
Golden
Title
Lynx
and if you don't mind a very small firm Discreet
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econometrics
Registered: Sep 2008
Posts: 370 |
10-05-10 01:09 AM
golden, global, lynx, globus, title are all decent firms.
firms that i will avoid are lion pride, everest capital, and some asian shops.
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serioustrader
Registered: Oct 2010
Posts: 2 |
10-05-10 05:52 PM
@stockwrangler.... I don't think so ;)
From what I have been told from a friends friend.... Lynx is not quite the best place to be and neither are Golden and swift.
In any case I received an amazing offer from Everest Capital and it seems like the right thing for me to do.
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