Hello, I would like to know why the thread was deleted. This was something that I felt needed to be documented so traders can be aware. Cheers!
Because they just sent me an email saying that the basis of the thread is completely untrue. They specifically said that they do not charge anyone a monthly fee on top of commissions.
It was not untrue so it's their word against mine I guess, why would I make something like this up? I was searching for a reputable prop firm and I got some pm's recommending them, I read their reviews so I called and that is what the rep who answered the phone told me. If they'd like to trace it it was on 1/27 right around 9:00 a.m. eastern.
when in doubt, go to the source: from Jeff Goldman <removed_by_admin@jctradinggroup.com> reply-to removed_by_admin@jctradinggroup.com to mr smith <mr.smith.in.nyc@gmail.com> date Tue, Feb 2, 2010 at 9:25 AM subject Re: Fees mailed-by sent.com signed-by messagingengine.com hide details 9:25 AM (5 minutes ago) John, Thank you for your interest in JC Trading Group. We have never charged a trader a monthly fee on top of commissions. If you can tell me more about your trading, I can get you out a proposal. How long have you been trading? How many shares do you trade per month? What's your average ticket size? Where are you currently trading? What type of buying power do you require? If you have a couple months blotters that would really help. I look forward to hearing back from you. Thank You, Jeff Goldman Managing Partner - Hide quoted text - On Tue, 02 Feb 2010 09:13 -0500, "mr smith" <mr.smith.in.nyc@gmail.com> wrote: Good Day, I have an interest in your firm based on your reputation on a few message boards and the fact that you offer trading thru a few different platforms. But I have a question: someone recently raised an issue with your firm that less active traders (<250k a month) have an added fee charged of $500. I have never heard of such a thing from a prop. I understand a higher commission for a less active trader, but an added fee? Can you confirm this as fact or deny the allegation as bs? Thank You John