Does anyone trade at Echo? Is it a good place to start out? Do they offer training or is it pretty much self directed?
Started with Echo back in 2002. Never found a reason to go elsewhere. BTW, I have no other affiliation (manager etc) with them. I trade remote from the woods of upstate NY.
their leverage isn't good. 10:1 and 2:1 overnight. higher if doing pairs. good leverage is kind of rare these days. rates were .004 +- ecn fees a while ago.
obviously you have had a bad experience, yet your comments could be made for any bad office from any firm in this industry. i have been with ECHO since 2001, and have had to negotiate with them over the years for better rates as my volume has increased. yet, i am sure this is the normal process in the industry. IF you have had a bad experience then take your business elsewhere. it is that simple. happy trading, patrick