I disagree with you after speaking to a Representative with the SEC. You CANNOT receive more then 2 to 1 leverage on a capital deposit of $5000 UNLESS you are registered...it is that simple! These firms like Lake Street take small capital deposits and give you 10 to 1 leverage and then tell...
Had a call yesterday from a trader at Lake Street; yes they have been shut down by the SEC. I believe Broad Street Trading has been as well. YOU MUST be registered to receive professional leverage; doesn't matter that these firms open bank accounts overseas...it is 100% illegal.
Charging a 'NEW' trader 0.01/share with a 70% payout is not bad if he receives quality training. From what I know of T3; their hands-on training is second to none in the industry. As a new trader, it's not the rate...it's the quality hands-on training so you have a chance of being successful...
Guy's, can't believe you don't know this....IT IS LEGAL for a registered prop trading firm like Dimension to take capital deposits from it's registered traders. It is ILLEGAL to take capital deposits from unregistered traders.
THIS IS THE ONLY LEGAL WAY and THE SAFEST WAY!
Call FINRA...
Remotedaytrader is a website used to promote Hold Brothers. They use the Graybox software and is located in White Plains. They have no connection to Blackwood. They offer 80 to 1 leverage and rates at 0.002/share.
http://www.remotedaytrader.com/
For what it's worth, I just recently spoke to a trader who left Avatar after having numerous bad experiences with them. This trader however, traded remotely from California with the NY office. He stated that management was uncaring and unresponsive the majority of the time to his questions and...
I trade with Hold Brothers in their Westchester, NY office. Graybox is best platform I have used in my 13 years of trading, love the support and enviroment. Don't know much about the Chicago location, but do recommend the platform.