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Assent, LLC
- Thread starter Motrader
- Start date
Quote from macomer:
well I have noseries 7 and they offer me not .5 but 1 and I have to put 5k. then i think I have available sth like 50,000 no more than that!! so is it worth it?rember I am new, I ll be trained and yes there is something about tape reading wich i dont have a clue what it is!!
5k with 10-1 leverage is about average for a new trader, especially one who, by your own admission, is not that experienced. If you prove yourself, they will give you more leverage - it takes time.
But 1 cent per share sounds awfully high for Assent. I thought it was usually in the .5 range, even for trainees.
Quote from macomer:
well I have noseries 7 and they offer me not .5 but 1 and I have to put 5k. then i think I have available sth like 50,000 no more than that!! so is it worth it?rember I am new, I ll be trained and yes there is something about tape reading wich i dont have a clue what it is!!
We do have awfully good risk control, and a trader would have to lose all their money, $10 million (much more actually) of our money before anything could even remotely affect a trader. We have only had a handful that even got into our money at all, and very small at that.
Don
some guys at prop firms will get what they can, their is no fair rate to some, your just a atm machine to them.. don't play the churn & burn game, get charged fairly, otherwise its like being raped from day one, it will not get better in that environment, does not matter what b/d they clear thru. that is why you must find a ethical co to work with. if their scamming from day one, just run.. save your losses for the market. their is no one do anyone any favors if your money is on the line, it must be a two-way street. don't let them put their hand in your pocket, without a kiss first.
Quote from macomer:
well I have noseries 7 and they offer me not .5 but 1 and I have to put 5k. then i think I have available sth like 50,000 no more than that!! so is it worth it?rember I am new, I ll be trained and yes there is something about tape reading wich i dont have a clue what it is!!
Got a question for you - is this Assent, or one of it's subLLC's that proliferate the landscape? I thought that Assent traders, those that work FOR/WITH assent directly had to be licensed.
quote from cstfx
5k with 10-1 leverage is about average for a new trader, especially one who, by your own admission, is not that experienced.
At 10 to 1 with $5,000 down gives trader VERY LITTLE room for error. With 50k total buying power this DEAL seems hardly worth it. Especially if trader is getting screw with:
1. Prop firm holding deposit for a year
2. Trader paying penny a share.
Think about it 500shs trade at Assent $5. any retail firm $7. (LOL Big savings at prop firm. LOL)
The main reason to go PROP firm is to get more buying power.
Quote from timcar:
At 10 to 1 with $5,000 down gives trader VERY LITTLE room for error. With 50k total buying power this DEAL seems hardly worth it. Especially if trader is getting screw with:
1. Prop firm holding deposit for a year
2. Trader paying penny a share.
Think about it 500shs trade at Assent $5. any retail firm $7. (LOL Big savings at prop firm. LOL)
The main reason to go PROP firm is to get more buying power.
1) Anyone who is worried about their measly 5k being locked up for a year has no business in the industry. If money is that tight, then you should wait to build up a bigger cushion before entering the biz.
2) Nobody in their right mind would ever pay a penny a share....and no way in hell was he quoted that price from an Assent office.
agree, doubt its assent.. other firms do. any deal someone accepts should not cry like a bitch as their being overcharged, know what your doing to begin with, the market will take the rest of your money in any event until you wise up & learn what its all about. too many posers, that can't even get a job at mcdonalds & dream about getting rich.. insanity... deposit that cash we will help you spend it.. pay your dues..like most of us & learn, no easy road to riches.. if you think the market owes you, think again.