Well you seem to love them, trade metal. You probably have a small account? I don't mean that to offend, but I think you mentioned you liked the low minimum to open. If you only have a few thousand bucks, then it wouldn't be such a big deal if you had all your money stolen anyway. All of the futures brokers, such as AMP, Infinity, etc.... trade against your account. They're just higher class bucket shops. This guy too. I'm not sure how he exactly does it, but he cannot make his living off of those commissions. He benefits from your money, and he benefits from your account heading to zero.
For any one with a large account, I would stick with a big brokerage like IB. I have 25 million dollars insured through Lloyd of London. All the big brokers have that extra insurance on the cash. So you would be insane to park a million bucks with this deepdiscounttrading guy. But for the newbie with a few hundred bucks who wants to play around a bit, it might be all right to check out.
For any one with a large account, I would stick with a big brokerage like IB. I have 25 million dollars insured through Lloyd of London. All the big brokers have that extra insurance on the cash. So you would be insane to park a million bucks with this deepdiscounttrading guy. But for the newbie with a few hundred bucks who wants to play around a bit, it might be all right to check out.
