can i trust lightspeed with my money?

Discussion in 'Retail Brokers' started by yamin2000, Jun 14, 2017.

  1. franT

    franT

    Lightspeed and Mr. Morse pass my tests. Do your own due diligence, if you can. It's not that hard.
     
    #101     Jun 15, 2017
    Robert Morse likes this.
  2. dumpdapump

    dumpdapump

    Sure if there are any assets left. Look, you can't prevent internal wrongdoing at clearing firms.it has happened before and will again.

     
    #102     Jun 15, 2017
  3. speedo

    speedo

    Speculation is not for the timid, it is an activity of calculated risks.
     
    #103     Jun 15, 2017
    lovethetrade likes this.
  4. sprstpd

    sprstpd

    You put up 200k and they gave you potential access to 100 million dollars? Wouldn't that be 500-1 leverage? I understand why that prop firm went out of business.
     
    #104     Jun 15, 2017
  5. JSOP

    JSOP

    Took the words right out of my mouth.
     
    #105     Jun 15, 2017
    Mtrader likes this.
  6. zdreg

    zdreg

    what are your tests?
     
    #106     Jun 15, 2017
  7. Robert Morse

    Robert Morse Sponsor

    Can't believe this got to 11 pages.
     
    #107     Jun 15, 2017
    Mtrader, comagnum and speedo like this.
  8. JSOP

    JSOP

    Well not if you really have a good system. The thing about high leverage is that if you are able to make profit, then high leverage will just magnify your profit by whatever is the leverage rate but if you are losing then high leverage also wipes out your account faster, that's the double-edge sword of high leverage. So with that 500-1 leverage, any $1000 profit is instantly a six-figure profit!! So if you can consistently make that much, how would you go out of business?
     
    #108     Jun 16, 2017
    Mtrader likes this.
  9. JSOP

    JSOP

    Glad to have learned more about what your business offers. So you are basically Interactive Brokers minus the custodian of funds and clearing firm function?
     
    #109     Jun 16, 2017
  10. Mtrader

    Mtrader

    On ET anything is possible.
    The sky isn't even the limit. The word "limit" does not exist on ET.
    Neither does "mediocre".
     
    #110     Jun 16, 2017