I use to work for them, i will say if you are a student you are much better off staying in school and getting your education and getting a real job. The number of traders in general that end up making money is very low and you go do a lot more elsewhere in the industry. Now if you do become a...
2000 a month is very high!!!!! unless then are giving access to a co-located server to run a algo through, 2k a month seems like they are not in touch with some of the other firms
it really runs based on how many traders yoy have, Cheapest I heard is $500 and most expensive is $800 if trading just equities. Runs higer if trading optons futures equities and forex
could not agree more. Rebate trading is not dead just a lot different then it was before reg NMS. But those lucky few that know how to do it will not share what they are doing because we do not need to have everybody jump on board like what happened in the mid 2000's and kill the game
The issue with the prop model to be 100% honest is profit margins are getting tighter and tighter. Where you use to be able to pay a trade 50-50 (or even less in some parts of the world) traders are now get upwards of 80% and what you can charge for comm has be dropping at a unbelievable rate...
from my understanding MGB is WTS sub branch, does anybody know if this is true. Deal at MGB is great but if with WTS I want to have nothing to do with it. Any input would be a big help
I heard from another trader that MGB is just a sub of WTS, does anybody know if that is right?
The deal is great but don't want to go with WTS so any info would be great
they are a good firm, to my best knowledge everything I ahave heard about them is on th eup and up. Evereybody I known to trade with them was able to get their deposit back just some took more time then others.