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Newsstrike is good for a free service.

Are you kidding? I guess that is a little better than 100%

I met some guys who use to trade there and said the place is a total scam. Supposedly they make you stay in your seat all day and write tickets. They make their money off tickets since they pay under .50/1000. As far as training, I've been told they sit you next to another trader and consider...

"i am based out of india.....trading for a subsidiary of gpt....we are paid $200 per month ....it has to be recovered.....payout at 70%....45%after 2 months( have to close positive both months).....25% after 18 months after we accumulate $25000....so most traders can forget this amount...

Why would they?

The benefit of the ECN Rebates is to lower costs. How do they get away with charging such high tickets and screwing their traders of the rebates? If they keep the rebates I am sure their cost has to be next to zero. Has anyone asked them what their cost is? Most places will tell their...

If they are charging 6 per ticket and their cost has to be one or less, this is their main source of income. Do they pass through ECN rebates to the traders?

" I scratched along for over 9 months, which cost them over 20 grand, and I didn't owe a cent when I left. " You didn't cost them a cent. From talking to other traders that trade there, this place has such outrageous ticket prices that if you scratch by they still make money off your...

I agree with you about Steven Schonfeld. He does have a clean reputation in the industry. Does anyone know the owners of tower hill and what type of reputation they have?

"Unfortunately the contract has been revised for tower hill. 18 month holding period now." Any place that tries to hold your money for an 18 month period has a capitalization problem. A place can make up any reason they want to hold your money for any period. But there is no legit...

"Here is what i have learned from speaking to current traders. The business is rough starting out, very intense and can wear someone out. You will be poor for an extended period of time. If you make it with the company for more than a year, you will do very well for yourself." You...

I did a search and was reading previous posts. Didn't seem all that positive. How long have you been there?

"They are the only direct link NASDAQ hub in the midwest if that's worth anything." That is not a true statement and it really doesn't matter if a trader can't get his money when he decides to leave.

I did a search on the forums here and have also found many complaints about the place and the owners. Most of them under the Greatpoint Capital and Maverick name. It seems like they are all the same place and that they just keep changing names. Most of the complaints are about how they try to...

Why is it a scam? I am looking to find any info I can on this place. I saw they had an ad trying to recruit traders.

Thanks GOOG1492. Is this the same office as Greatpoint Trading? How many different prop groups are at this location? I have heard about Greatpoint but not much about Tower Hill. I am interested hearing more about them. Do you work there?

Why would a place keep changing their name? This seems kind of sketchy. Anyone know any reasons a so called legitimate trading firm would want to keep changing their name?