Prop firms around Los Angeles / OC / CA?

Discussion in 'Prop Firms' started by Newmoney24, Mar 22, 2012.

  1. Here is the post you are referring to and you are claiming that I am shilling for WTS in response to a trader asking about admin fees -

    "A lot of firms offer web platforms. Speedtrader does a few billion in volume a month and their platform is web-based. They charge $50 for the platform but $40 for each level-2 platform. A lot of firms will push level 1 data on n00bs because it's cheaper and they can pitch "our software fees are lower".

    In the trading business, a risk-admin fee is standard for firms that have a lot of remote traders and have their own customer service staff, not just traders or sales people answering all calls. $69 is a joke. If that little fee really is that much of an issue for you, you may want to try another business. Wait till you see the FINRA/SEC fees and the fees a lot of the ECNs and routing venues charge.


    You can't compare groups like SMB/T3 and WTS/CTG in terms of infrastructure, rates, and volume. You're also completely wrong about the algo side. I personally know the guys at T3 and the people at CTG. CTG runs their own servers and hosts the blackboxes themselves. I'm sure don or rmrose can confirm but the level of knowledge required to do the stuff Bright/JC/WTS/CTG does like developing their own trading platforms is not something you're going to find at T3. the WTS groups also have a FINRA B/D for SIPC insured accounts and a larger hedge fund working with private clients.

    Don't let something like $69 hinder your decision making. There are A LOT more important aspects to a joining a prop group than a $69 admin fee. It's very rare to find a group with the customer service of Capital Traders Group. Nobody on here who had dealt with the group has ever said anything except "they have the best customer service in the business."

    JC is not it's own broker-dealer. It's a sub-group of WTS as well. WTS is the largest prop firm in the country with Bright probably coming in second.

    For some people it's going to be worth it, for others, it won't. Weigh all aspects when choosing a group, it's silly to judge by one fee. In the grand scheme of things, it's negligible."
     
    #11     Mar 25, 2012
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    #12     Apr 25, 2012
  3. hitnrun

    hitnrun

    evo2

    you mention the same firms all the time & that sounds like free promotion.

    maybe you could talk about other prop firms other then the usual suspects

    you offer some helpful advice but wts always pops up

    would not hurt to talk about some new prop firms we don't know about

    hey just food for thought
     
    #13     Apr 27, 2012