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  1. M

    EchoTrade - what's up with them?

    The financial statements are not up to date to reflect the SEC fine and compliance is not offering any new information to confirm the liquidity status of the firm as an ongoing concern. Also, they claimed in August to be moving into new offices Midtown, as of January, still crammed in their...
  2. M

    EchoTrade - what's up with them?

    Bravo. I think every wannabe prop trader should read this. RANT over. [/B]
  3. M

    EchoTrade - what's up with them?

    Nailed it is what. [B]This is a rant that has some relevance to this thread, maybe not much, but it is a rant no less:
  4. M

    EchoTrade - what's up with them?

    Hold Brothers is pitching 99% @ 0.00125 $1.25/1000 on a volume sliding scale over 1M shares a month down to 1.00 or less with rebates. Problem is, their platform is an absolute POS.
  5. M

    EchoTrade - what's up with them?

    Anyone with any brains will stay away from Hold. They're cramped into a 12x12 box in NJ now, desperate to raise capital to pay off the $5M fine they took from the HFT SEC penalty. Compliance is an absolute bitch to deal with, and their accounting manager is some Russian jammed in a corner...
  6. M

    EchoTrade - what's up with them?

    T3 is stacking their "education" side of the floor with students thinking it's a job, and pushing them to live trade whatever Redler is doing that day. It's purely a churn and burn model. The first sight of correction will blow out more than half of T3 in a week. Easily.
  7. M

    EchoTrade - what's up with them?

    Last communication I had with their sales lead in June: "Most firms have implemented an 80/20 split due to regulations, we are evaluating how this may be implemented within our business structure going forward. i.e. possible rebates back to trader. No switch to CBSX is planned."
  8. M

    www.tmglobalcapital.com any feedback please

    It is disappointing having to do one's due diligence from the misinformation of a forum message board. All of these relationships should be disclosed on company web sites and in contract documents, and they aren't. This is a problem for the SEC and FINRA to address.
  9. M

    www.tmglobalcapital.com any feedback please

    Swiss America Securities in the Bahamas. FYI to anyone who's interested.
  10. M

    www.tmglobalcapital.com any feedback please

    They're a SureTrade sub clearing mostly through ETC.
  11. M

    www.tmglobalcapital.com any feedback please

    Not sure what that's supposed to mean. Of course not.
  12. M

    www.tmglobalcapital.com any feedback please

    I spoke with them as well. No connections to WTS or Belize. Ridiculous. Not sure who or why they're connecting them to IBW either.
  13. M

    Reliable International Firms?

    Agree. And I do.
  14. M

    Reliable International Firms?

    If you're wiring money to a broker and signing a 20 page trading agreement absolving said broker of all liability for any potential loss, then it stands to logic and reasoning, and the rule of law, that this information be disclosed in said agreements. That it isn't only points to one word...
  15. M

    Reliable International Firms?

    Quid pro quo.
  16. M

    Reliable International Firms?

    Yep. Only a matter of time before the SEC shuts WTS down. They're funnelling US based traders through all these subs. That won't last through this year.
  17. M

    Reliable International Firms?

    EXACTLY my point. Any reputable prop does. Not some rogue redirect from WTS through JC Trading like Nonko appears to be. Just found out G6 is doing the same thing.
  18. M

    Reliable International Firms?

    They don't use DAS. They told me they were switching me to Laser when the wiring instructions appeared. There's only one prop I know of still using that POS and that's WTS.
  19. M

    Reliable International Firms?

    I asked them if they were with WTS and they refused to answer. Red flag or what.
  20. M

    Reliable International Firms?

    Stay away from Nonko. I had a lengthy discussion to open an account asking for references with Wedbush and Lek, they refused, there are no names or addresses to confirm they exist in any physical way, or who the registered managing directors, or where any of the alleged account managers are...
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