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TerminatorXit
 

Registered: Jul 2009
Posts: 92

 

07-17-12 02:43 AM


Quote from rompit11:

@TraDaToR

I truly don't understand why you are so quick to discredit Atlas?

Perhaps, we are all in denial.. All world is upside down. What seemed to be a strong foundation forever falls apart like a house of cards.

Atlas ratings has released its report before the bankruptcy of PFG. This is a fact.

The other factors to consider for me personally:

1. Atlas is a 3rd party.
2. I don't see any sponsors or banners on Atlas site which is good
3. The guy is a trader who lost money to MF Global
4. He is a fund manager, knows finance


Anyhow, i think its just great that Atlas Ranking exists. Don't we traders need more of those ranking, more 3rd party, unbiased , professional research into the health of FCMs?

Me, for example. I have an account with a big FCM that is on bottom according to Atlas. It makes sense to me to diversify and open a 2nd account with another firm that has higher ranking.


If you choose not to believe in Atlas that's fine. I personally choose to consider it and it should be fine as well.




1. Atlas is a 3rd party. -

My grandmother is a 3rd party - doesn't make her an expert and neither is this guy

2. I don't see any sponsors or banners on Atlas site which is good

- does anyone even go to this site? If they did he could sell advertising.

3. The guy is a trader who lost money to MF Global

Uh, when is losing money at MF Global a good thing - how on earth does this make him an expert

4. He is a fund manager, knows finance

My personal acccount is larger than what he manages - fund manager is a relative term.

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jpounder93
 

Registered: Jul 2012
Posts: 1

 

07-17-12 04:59 PM

If you are looking for financial security, Advantage Futures is the right futures broker to look at. They are extremely transparent and their financials can be seen on their website: http://advantagefutures.com/

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TraDaToR
 

Registered: Dec 2006
Posts: 3775

 

07-18-12 01:47 PM


Quote from rompit11:

@TraDaToR

I truly don't understand why you are so quick to discredit Atlas?




I am not quick at all. I am a customer of a FCM at the bottom too. I withdrew half my money the day I read the Atlas Ratings. I wanted to act first...

Then I started to look at their ratings and different criterias and compared it to the CFTC numbers and the usual ratios people are using to judge the security of your funds at one FCM. I realized I had overreacted.

And moreover, even according to Atlas Ratings, the list now is totally different than last week as the new datas from CFTC have been released...

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TickSlicer
 

Registered: Aug 2010
Posts: 34

 

07-18-12 08:35 PM

Atlas Ratings created their own formula unapproved by the Regulators. There is no formula to determine "Fraud" in advance. It is also possible that the President of the #1 Ranked Clearing Firm on the Atlas list is hiding out in Bora Bora right now with 50% of the Customer Segregated Funds & who is to know ?? The Regulators have to create new policies & procedures to help prevent this from happening again...

http://www.google.com/search?q=bora...iw=1680&bih=959

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TheBlackHand
 

Registered: Jun 2012
Posts: 221

 

07-18-12 09:32 PM

The futures business is built on integrity, relationships and trust.

Velocity futures could be next in my opinion. Senior managers have been less than honest with me about certain aspects of their business.

If a firm cant be trusted to be honest with the small things, they will not be trusted with the big things.

    Edit/Delete Quote Complain
rompit11
 

Registered: Jul 2012
Posts: 28

 

07-18-12 09:32 PM

Atlas did open my eyes, Zchartist. Atlas was pretty damn accurate on PFG. I think its a good place to start. We need more rankings like Atlas.

Nice bora bora images though.

    Edit/Delete Quote Complain
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