I have been referred to WTS by some trader I met at a party over the weekend and after looking at their paperwork, I see a $79 risk management fee. Isn't a prop firms main job to manage risk? Is this fee standard for all prop firms?
administration fee they call it. standard for wts $ 69.00 someone has to pay for the coffee & donuts every morning it's a bs fee every wts trader is charged / not standard in prop
most places have the fee, whether they tell you about it or make it on marking up the software. with the constant regulatory changes and full-time accounting work needed, they look to make a few bucks on it. I personally don't think a $79 monthly fee is something to bitch about if you're getting a good deal on commissions.
they been charging this fee for a long time . nothing new everyone has different fees for platforms & commissions so that is more important to zero in on you have to neg the best deal you can otherwise any prop firm will make you there bitch
I guess I would not mind that fee if I did not read more potentially insidious practices that WTS attempts to hang on their traders. Agressive ECN fee markups seems to be their specialty
I dont think I am going there: they have a bad rep. If anyone from the firm is on this board, convince me otherwise and PM me.
I never understood why people think Coffee and donuts are free. 69 dollars a month per person is a fair cost to have both items available when you walk into the office.