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nevistrading.com website down for 3 days.

Still nothing.....oh well. Guess the whole Nonko/Das debacle did it. Any update on Nonko or G6? Did Nonko/G6/Nevis Trading ever pay traders back or just disappear?

Stock trading is NOT zero-sum.

Is Nevis Trading still in business? Emails are unanswered and phone is out of service. On their Elitetrader profile page they are listed as a sponsor: https://www.elitetrader.com/et/members/nevis-trading.103722/ Was curious if they were shut down after the recent Government warning...

From my own research and reading these boards it looks like PTG is the only game in town. And (again based on other posts) you can get to .10/1000!

Recent issue with Nevis: The Financial Services Regulatory Commission, Nevis Branch has recently been made aware that an unlicenced broker dealer, the Nevis Trading Group, LLC may be involved in fraudulent activity (see http://www.dastrader.com/documents/April27-Notice-on-Nonko-g6-Nevis.pdf)...

They are the only ones fitting your criteria. That is why they are so big and can get away with crappy customer service & high and hidden fees.

Nice first post.

Did you bring the money over in cash?? If not, how can you be so naive to say there is no proof you submitted any capital??? Clearly a cashed check or wire transfer receipt would be sufficient proof. I am calling BS to this whole thread unless you name the firm. And even them I am suspicious.

Not really worth it anymore. After electricity it's probably a breakeven.

Dude, you have some serious issues.

I agree that a lot of people are going to be affected by this ....but I don't think people were trying to "beat the system". I just think that the US is cracking down big time on US citizens having offshore accounts and not reporting them. At first the IRS just asked people to self report...

WOW...had no idea Suretrader was an offshore brokerage firm. If they are forcing traders to complete a FATCA form it means that Suretrader is FATCA compliant. That is good for them and probably necessary if US citizens have accounts with them. What this means for you is that the IRS can at...

Bright Trading is a good firm. What is wrong with joining them?

IBW was really the old Broadstreet group. Lakestreet and CTG were also putting traders through them. You can put the pieces together from there. The $250m new SEC money is for investor advisor oversight and not really for prop trading...

Nope. That is all I know.

It isn't complicated what happened here. The managers of CTG took shortcuts with traders who did not want to be licensed. They got caught. WTS ended their relationship with them (by U5'ing them) and took over the trading floor. End of story. This has nothing to do where WTS clears. Why...

And also about FINRA not being an SRO, which you went back and deleted after I pointed that out as well. So basically all points you made were incorrect.

Evo, You are mostly correct. "Branches" are merely trading floors ran by WTS managers. The managers of JC, Boston, etc are all licensed with WTS and (I assume) have supervisory licenses as well. I don't think they are hiding anything especially if they put the WTS logo right on their...

You are now on my ignore list since I can't deal with idiots. Please read the first line!!!!: http://en.wikipedia.org/wiki/Financial_Industry_Regulatory_Authority I guess WTS files audited reports to the SEC just for fun...