Am i getting the best deal out there

Discussion in 'Prop Firms' started by manuptrader, Oct 1, 2005.

  1. 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.
     
    #31     Oct 4, 2005
  2. 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.
     
    #32     Oct 4, 2005
  3. What's a couple of reputable LLc's? Genesis gets talked about a lot.
     
    #33     Oct 4, 2005
  4. 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.
     
    #34     Oct 4, 2005
  5. Thanks for the info, I'll take a look.
     
    #35     Oct 4, 2005
  6. 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.
     
    #36     Oct 4, 2005
  7. good luck
     
    #37     Oct 4, 2005
  8. RNRBAND

    RNRBAND

    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
     
    #38     Oct 4, 2005
  9. Moreagr

    Moreagr

    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 :confused: i think it is very rude to post private messages.
     
    #39     Oct 4, 2005
  10. 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
     
    #40     Oct 4, 2005