someone told me to stay away from genesis securities

Discussion in 'Retail Brokers' started by Sky123987, Nov 6, 2007.

  1. Hi,

    I called genesis securities and realize they have VERY LOW rates. I asked them how they are about to give basically the lowest rates, the guy said because they self clear. On elite trader the peanut galary seems to rate them as a good brokerage, however I've heard from others to stay away... why is that? is joining a firm that self clears dangerous?