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TOS does as well. So if she was seeing "$45" and if was based on the "ask" then it implies she risked $225 on the trade on 45 contracts, since she paid a nickel, and the ask at the time was a penny. Depending on how much she paid in commission, it's still not that bad of a lesson (in dollar...

Regarding the guy who pulled out 10k, it said he traded for a month before he pulled that money. With TST's 20% cut, that implies he actually made $12.5k, since his cut was 10k. I think regardless of the "average time-period" it took, most traders looking at trading a combine would be quite...

You bring up an interesting point. The firm's owner simply cannot live a "high life style" on your money, since that would constitute fraud. Losing money to the market through "making bad investments" is quite different than embezzlement. Class A members (owners) need reserves to run the...

It's a monetary decision that is made by the networks. If his show brings in enough viewers, then the ad revenues will support keeping the show open. In time, however, people will figure out that "he is the charlatan" and that is probably why there's a rapid decline in his Action Alerts...

"or will I lose the whole cost value." Yes, you lost the value. You bought the weekly options that expired worthless as the stock didn't close below the strike price of $13.50 (it closed at $13.88). So nobody was going to buy them, not even for a penny, since the chances of the options going...

1245, Yes, that's true, conducting proper due diligence regarding the entity is more important than commissions and fees. However the OP was with them for "more than 9 years" and never had issues. His best approach now is to contact the securities regulators in Montreal. Upon further...

lol, no worries, I'll buy you few brews at a local Barcelona pub if I'm fortunate enough to ever get back to Europe. :D

My guess is the traders cashing checks aren't full time traders, especially the ones with the $1,600 withdrawals. They probably have other streams of income keeping them afloat, or trade their own retail accounts as well. Pekelo estimated that the majority of the live accounts have sub $3k in...

VRX is a stock that many hedge funds own and will watch to see if Ackman joining the board will help them trade out of a jam. Ackman's Pershing Square was reportedly down over one billion dollars on the position. Check out Ackman's letter to shareholders dated January 2016. Some interesting...

A key paragraph from the article: "The business had 71,900 total paid subscribers as of March 31, which, a source close to the matter said, primarily comprises Action Alerts Plus subscribers. That is a decrease of 11,700, or 14%, from the year-earlier period. Nearly 5,000 of those dropouts...

Yes, they are REGISTERED in Cayman, but they are still EXEMPT from Securities Laws regulation in Cayman. WTS is listed as "Excluded Persons" and to get that exclusion, they had to sign a declaration and pay an annual fee. I was curious as to how they were able to obtain the exclusion, and the...

Ok that's a start. You're better off dealing with a Canadian court than a Grand Cayman one, just my opinion.

Srkisle, Sure, no problem. And yes, it's "mind boggling" as you say, when a firm can operate as usually while owing money to people. Since you've been around awhile, perhaps you may recall quite recently that Nevis Trading was a sponsor here on ET. Nobody really made any negative posts...

WTS is listed as a Grand Cayman firm. Upon a quick review of the Cayman Islands Monetary Authority site, it lists the following disclaimer when you type the name "World Trade Securities" in the search entity field: "Disclaimer: Please note that entities registered as Excluded Persons are...

Well, this isn't very good. When you type in the name "World Trade Securities" in the search entity field on the Cayman Monetary Authority site, it will list the firm and reference code, BUT with the following disclaimer (emphasis in bold): Disclaimer: "Please note that entities registered as...

WTS is a Grand Cayman firm, so I highly doubt the Canadian regulators will be of any help. However, if they had offices there, then it's worth a shot. Here's the link for the Grand Cayman Monetary Authority, perhaps they can provide some guidance. My guess is the firm could be facing issues...

You may want to contact the Cayman Islands Monetary Authority, perhaps they can provide some guidance. http://www.cimoney.com.ky/enforcement/notices.aspx?id=164

TD Ameritrade and Etrade are HUGE firms that offer retail accounts with SIPC protection in the case of financial insolvency. http://www.sipc.org/for-investors/what-sipc-protects Kang traded with an offshore, Grand Cayman prop firm with a few Canadian offices. I'm surprised despite these...

The faq's on their site require more clarification. Since you're not putting up a deposit or paying for training fees, the only out of pocket is the access to the Sterling platform. You don't really need Level II data when you're on the simulator, since you have to use limit orders. My...

AAPL just invested $1 billion in a ride sharing company in China. I'm not sure if it will pan out as a strategic investment, however I do like the name, it sounds like money, "Didi Chuxhing" as in "cha-ching" lol...