What do you think about Shark Traders

Discussion in 'Prop Firms' started by nic.cheus, Sep 24, 2013.

  1. kerido

    kerido

    interested to get some info as well
     
    #111     Jan 31, 2018
  2. Younes

    Younes

    Any info about their short list/hard to Borrow fees?
     
    Last edited: Feb 10, 2018
    #112     Feb 10, 2018
  3. you are fine with them, until you are not.
     
    #113     Feb 11, 2018
  4. kerido

    kerido

    Short list is good. I'm not sure about the HTB overnights; several times I located stocks for intraday and as far as I remember the fee was around 10-15 cents per 100 shares
     
    #114     Feb 12, 2018
  5. kerido

    kerido

    C'mon, stop waffling
     
    #115     Feb 12, 2018
  6. how is that not true?
    they are not regulated and you don't know how the firm is managed. they pay you if they are fine and make money, if they are not, they can run away and there is simply not much you can do.
     
    #116     Feb 12, 2018
  7. kerido

    kerido

    I didn't mean and I don't mean to be rude, but it has been discussed hundreds of times. There are particular risks when you decide to trade with any retail/prop firm (call it as you wish), but there are traders who choose low entry requirements and low fees (and for some countries even just being able to trade US stocks) over trading with one of USA based brokers with all those required series and $10k minimum deposit. So for traders like me it's just a question of what firm to choose; my choice was based on trading conditions I was offered, now this choice is proved by personal long lasting expirience. I think it would be useful for other traders if this thread is commented by those who have personal experience with Shark Traders or those who are interested. That's why I called your post waffling.
    No offence, peace and postitive Pnls
     
    #117     Feb 12, 2018
    KellZho likes this.
  8. i just wonder how you can not have 10k...
     
    #118     Feb 14, 2018
  9. kerido

    kerido

    It's not about the money, it's about bying power. And I made a mistake mentioning 10k, US brokers require 25k, which will give me only 100k bp for intraday trades. While with Shark Traders the same amount will give me 600-700k bp. That's the most important reason to choose prop firm for me

    not
     
    #119     Feb 19, 2018
  10. 10k or 25k, that isn't much. why not just save a bit and use a proper broker instead of burning a few k trading sizes you can't afford
     
    #120     Feb 19, 2018