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Sun Light, I agree with your post. My understanding from looking at their model is if you're doing lower voume (less than 200k/shares), which is 10,000 shares per day on average, your FIXED COST is around $6,000/annually ($250/month professional fees plus $245/month desk fees). If...

Not "stupid people" or "fools", just good hard working people who didn't conduct enough due diligence before sending their wire transfers to a firm that seemed legit. Boards like these help others to read some info and investigate firms before making an informed decision. Even if they have to...

What is the "opportunity cost" for a day trader who has to put up their own capital and take ALL losses against their contributions while also having to give up 20% of the profits? Unless this 80/20 payout becomes the standard model for the prop industry, there are other options, such as...

You can ask a CBSX firm if they are willing to show you their latest balance sheet as a "creative idea" to help you make a decision before giving them your capital contribution. CBSX firms maintain a one-year lock up as per SEC rules, and from my understanding this is the norm and no way...

Hi, I've found that Sterling works quite well. I'm also considering Lightspeed now that they bought TerraNova (broker) and Anvil (platform). You can download a free demo of both and check them out.

carleton, Is it a Canadian based firm? Have you considered filing a complaint with any regulatory agency? We got burned by Team Trading, same situation: no return of deposit, and no return emails when requesting funds from the owners, only sales pitches for new deals. What are you...

Although I do not know Robert Green personally, one of his bulletins was read by a collegue of mine in November of 2009. He became skeptical of the prop industry, and was fortunate enough to pull out $10,000 of his trader deposit...with Team Trading! A firm that closed its doors in March 2010...

SWAS: Have you checked out the Sterling Trader Platform? Terra Nova is one broker that carries it. You can download a demo and see how it compares to RealTick.

Of the 25, most of them have thin volume and perhaps not very suitable for day trading. However, these are the top three according to intraday volume: EEM (Emerging Market) IWM (Russell) IVV (S&P) If you day trade, then it's cost efficient, as you can't beat FREE!

Check out TerraNova. They offer Realtick and Sterling which are both great for scalping.

bstay, good point. many became aware at different stages. ONCE someone becomes aware of the various reincarnations of the LLC's, they are unlikely to be duped again.

TheBishop: WRONG! Most had never heard of HLV before they signed up, and are now much more aware of scams. Read the Team Trading thread, the warnings of these new scams are all over the boards, and those who are paying attention are unlikely to get scammed again.

bstay: They don't need to prowl the ET threads, as they've been spamming all the former VCM/Team Trading clients. "Meet the new boss...same as the old boss", lol!

WARNING! Read the Team Trading thread, at least the first and last 30 or so pages, and you will become very aware.

http://www.tradersnarrative.com/list-of-proprietary-trading-firms-735.html The above link is posted on many threads on ET, and it will give you a start. From my understanding, CBSX registered firms currently only allow capital contributions from US citizens. Not sure which firms you tried...

lol, that about sums it up! when any firm asks for a capital contribution, YOU are the one taking all the risk of the drawdowns, while the firm immediately takes in "firm capital." they will make the overrides on your commissions and most will take at least a 5% cut of net profits, if it's a...

Epiphany sure seems above board, yet won't answer a simple question as to why their business model is exempt from the registration requirements of an exchange. Just try asking, perhaps you'll have better luck than I did.

Longs are getting stopped out, and then the shorts will get squeezed if BP can survive the bashing from the media and US government. This company earns BILLIONS per quarter!

Yes, in the classic line from the movie "Robocop"... "I'll buy THAT for a dollar!" :D

take a look what happened to Warrior Fund, LLC. and this is not the only action, you can see all the administrative proceedings on the SEC.gov site. do your research, and you'll avoid a lot of hassle down the road. http://www.sec.gov/litigation/admin/2010/34-61625.pdf