50% of what I'll be trading up every day is plenty of cash. I've heard some negative things about LLC's, like getting your money back from them, LLc's going under, etc. Dont know if I want to deposit any money with them. I'll trade their money with no deposit down for 50%. If I'm wrong about LLc's, please let me know. I currently use an online broker and have 4-1 leverage.
If you are successful, then it's a no-brainer to put up money and get a 100% payout. Five or ten thousand dollars of "funding money" is peanuts compared to the money you will be losing by giving away half your profits. Just go with a reputable firm, and keep all your profits.
The usual cast of characters (in no particular order)....Genesis, Assent, Bright, Echo. I've been with one of them for a long time. They are all solid firms.
I was quoted $100mth by one of them for software, and another $12 for something else, which I do not recall. Some of them have a holding period of more than a year. I'll see what I come up with. Thanks.
maunptrader, now I understand why you started this thread noone likes a sneaky spammer. After starting it heres a sample of PM's ive gotten from this troll manuptrader Registered: Sep 2005 Posts: 45 hello hey you do more volume then i you could definitely get the same rate i have .002 manuptrader Registered: Sep 2005 Posts: 45 Re: hello yes and i do use laser a firm that does clear threw genesis i just was not going to promote the LLC in the thread but they give great deals were do you trade? manuptrader Registered: Sep 2005 Posts: 46 Re: hello you get ecn rebates yea i used hammer before if you want to speak to the firms manager you can call the firm just say you spoke to a trader from the firm or just say you spoke to richard ask for Scott if you want the number let me know good luck trading tomorrow good night
thanks for the free advertisment this manuptrader didnt expose the firm you did it for him...all he stated is that there are better rates out there... thats all i think it is very rude to post private messages.
hey manuptrader thank you for your post these post really help newbie who want to start out like me so when i go to a firm i know how to deal with them and what rate i am looking at desk fees ( lock up money for a year etc ) thank you ET members peace