You can do whatever you like with your website. I have no interest in furthering the goals of worldco whatsoever since I have no affiliation with the firm except that I know a few guys who worked there for a few years and who have since landed trading positions with Bear Stearns and JP Morgan. It would be exceedingly simple to create a program which automatically creates EliteTrader.Com accounts and posts advertisement links in an automated fashion, also autoupdating my IP address. Of course, one would have to write a script which automatically creates email accounts at one of the many free online email providers (less yahoo and msn). In short, it is not my goal to advertise on here; if that was my goal such would be very clear with no two guesses about it. One would think that, out of fairness, all questions relating to brokerage houses, commissions, and trading in general would be heard on here.
I just realized that you only deleted the link I posted to the WorldCo website. That seems fair (at least you didn't delete the entire thread or my question!). Thanks
I have no affiliation with WorldCo. Why would I advertise for a a company without getting paid for it? lol
Can anyone confirm or refute this concept? Is it legally/regulatorily ok to pay a Prop trader 100% or is he then a customer?
Don is mistaken. Worlco does offer full 100% payout if you have cap (just like your company, Don). And the ones who are fully capped, get 100% payout, have commission rates that blow Bright's out of the water due to their self clearing business. Most people who complain about the lower percentage payouts are the ones Worldco let in with little or no cap at all....Which to me, sounds like someone's giving people chances and not closing the door on them... Also, Worldco doesn't charge hidden desk fees or charge their own traders extra for training (ridiculous!)....characteristic of a retail firm, not a professional prop firm. Just clearing some things up. Seems like some people don't know much but talk as if they do.
I was as taken aback as anyone, all I was responding to is that I don't know of anyone paying more than 100% payout....simply a response, not a debate. And was hoping that WorldCo is offering some good training. Any professional, in any field, can choose where to pursue their profession, and they must evaluate for themselves whether or not the overall cost/benefits make sense to them. (I do take exception, if you were referring to BT, about the comment "hidden" fees, every trader is fully aware of all of our fees, and we have always conducted ourselves in an open and upfront business manner. We are proud of our business model, and our training.....and, as I said, I am hoping that other firms will help with making traders successful....it is simply good for the industry. And I miss my friend "hitman" - so I guess we need another voice from WorldCo for discussion purposes..... All the best, and good luck... Don