Am i getting the best deal out there

Quote from manuptrader:

joeyata1 i am no genesis recruiter i trade for an LLc not a clearing house and for the other comment if you have the opportunity to learn without putting up capital even if its 22 or 50 percent pay out then its worth it but if your a profitable trader your a fool for taking any of those deals your better off putting up 5 k and get a good commission deal and 100 percent payout
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50% of what I'll be trading up every day is plenty of cash. I've heard some negative things about LLC's, like getting your money back from them, LLc's going under, etc. Dont know if I want to deposit any money with them. I'll trade their money with no deposit down for 50%.
If I'm wrong about LLc's, please let me know. I currently use an online broker and have 4-1 leverage.
 
If you are successful, then it's a no-brainer to put up money and get a 100% payout.

Five or ten thousand dollars of "funding money" is peanuts compared to the money you will be losing by giving away half your profits.

Just go with a reputable firm, and keep all your profits.
 
Quote from Longhorns:

If you are successful, then it's a no-brainer to put up money and get a 100% payout.

Five or ten thousand dollars of "funding money" is peanuts compared to the money you will be losing by giving away half your profits.

Just go with a reputable firm, and keep all your profits.
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What's a couple of reputable LLc's? Genesis gets talked about a lot.
 
Quote from reid5525:

What's a couple of reputable LLc's? Genesis gets talked about a lot.
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The usual cast of characters (in no particular order)....Genesis, Assent, Bright, Echo.
I've been with one of them for a long time. They are all solid firms.
 
Quote from Longhorns:

The usual cast of characters (in no particular order)....Genesis, Assent, Bright, Echo.
I've been with one of them for a long time. They are all solid firms.
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Thanks for the info, I'll take a look.
 
Quote from manuptrader:

yea there right if your making money your better off putting up 5k and get 100 percent payout and the great thing is i theres no holding period for my 5 k i can get it back anytime and no desk fee or software fee
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I was quoted $100mth by one of them for software, and another $12 for something else, which I do not recall. Some of them have a holding period of more than a year.
I'll see what I come up with.
Thanks.
 
maunptrader, now I understand why you started this thread
noone likes a sneaky spammer. After starting it heres a sample of PM's ive gotten from this troll

manuptrader
Registered: Sep 2005
Posts: 45
hello
hey you do more volume then i you could definitely get the same rate i have .002

manuptrader
Registered: Sep 2005
Posts: 45
Re: hello
yes and i do use laser a firm that does clear threw genesis i just was not going to promote the LLC in the thread but they give great deals were do you trade?

manuptrader
Registered: Sep 2005
Posts: 46
Re: hello
you get ecn rebates yea i used hammer before if you want to speak to the firms manager you can call the firm just say you spoke to a trader from the firm or just say you spoke to richard ask for Scott if you want the number let me know good luck trading tomorrow good night
 
Quote from RNRBAND:

maunptrader, now I understand why you started this thread
noone likes a sneaky spammer. After starting it heres a sample of PM's ive gotten from this troll

manuptrader
Registered: Sep 2005
Posts: 45
hello
hey you do more volume then i you could definitely get the same rate i have .002

manuptrader
Registered: Sep 2005
Posts: 45
Re: hello
yes and i do use laser a firm that does clear threw genesis i just was not going to promote the LLC in the thread but they give great deals were do you trade?

manuptrader
Registered: Sep 2005
Posts: 46
Re: hello
you get ecn rebates yea i used hammer before if you want to speak to the firms manager you can call the firm just say you spoke to a trader from the firm or just say you spoke to richard ask for Scott if you want the number let me know good luck trading tomorrow good night
More...

thanks for the free advertisment :) this manuptrader didnt expose the firm you did it for him...all he stated is that there are better rates out there... thats all :confused: i think it is very rude to post private messages.
 
hey manuptrader
thank you for your post
these post really help newbie who want to start out like me
so when i go to a firm i know how to deal with them and what rate i am looking at desk fees ( lock up money for a year etc )
thank you ET members
peace
 
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