I am in search of a CBSX firm since I'm currently at Cy Group and it seems like the SEC is shutting down these types of firms (like Epiphany) I called WTS's main NY number and there are just voice prompts to reach different people...nothing for sales, trade support, etc. After pressing 0 and getting another recording I called back and randomly picked a person to talk to. Very frustrating! I told the guy I wanted more information on opening an account with WTS. He asked me where I lived and told him Ohio. He told me to call Jeff who runs their Midwest branches. I asked why he just couldn't give me more info and he said that you cannot open an account directly with their main office, and that all accounts need to be opened under a branch. So I called Jeff, who happens to run JC Trading Group. As a coincidence I talked to him about 4 years ago when I first got into trading. I was going to go with JC at the time but their deposit requirements at the time were too high. He explained that they have a Michigan WTS trading floor, a large WTS remote group, and are in the process of opening another branch next month. He also clarified his relationship to WTS: he is licensed with them and the traders trade on the CBSX with WTS as the Broker Dealer. I only sign WTS paperwork and my money is held at WTS and all payouts come directly from WTS. At the end of the year I get a K1 from WTS. Since I don't have a Series 7 I have to pass the Series 56 which WTS will sponsor me. Also, he offered me a rate much lower that I have at CY and still using Laser. I spent two full days reading numerous posts on elitetrader about prop firms. My conclusion was to get away from unregulated firms and either trade at a BD that requires either a 56 or 7. There seems to be a lot of misinformation on elitetrader about WTS but after talking with Jeff I feel very comfortable trading with them.