Coastal Trade Securities, LLC

I think thats the problem with how some people trying to build their own groups through broker dealers can hurt the name of the overall broker dealer. I bet that you could probably for good or bad find 5 different deals through coastal or dimension, assent etc if you spoke to 5 different people at each of these firms (and others) because there are so many people through these firms that are out there trying to build their group through the bd.

but that being said...bidubandit, you seem to know the industry so well.. please tell us more.
 
Quote from BIDUbandit:

skfshort250


Registered: Nov 2009
Posts: 0

hey

I work with coastal trade securities we are a BD. We offer the lightspeed platform and very competitive rates and buying power. How much are you paying now and how many shares do you do a month. I am looking forward to hearing from you.


These coastal guys are a total scam. They are behind the ptgsecurites.com website. That's why the address says Houston, TX but the telephone number is New Jersey. They have a bunch of phony websites, taocapitalpartners.com was another one. All those phony postings say how legit they are, then they make fake websites?

I'd be afraid to put my money with these guys no matter how good their deal sounds. The economy is hurting and thieves are out there.

Watch how quickly they get this post taken down. That's how you will know I'm right
More...

Can't speak for Coastal, but the 201 number on PTG's page goes to an ATT cell phone.
 
Don't know who skfshort is but you can't be working with a BD and a BD. You are one or the other, right?

Coastal is a BD, not a Sub-LLC. No idea who PTG is or what(probably a sub llc).
I will give you that it's strange that that PTG has a NJ# if based in TX. But I am also pretty certain they have no relation to Coastal either. Ask Them.

If someone thinks Coastal is a scam then they should take it up with the SEC and CBSX. The SEC approved thier registration which means they need to be regulated and compliant.

As someone else said, do your own research. Don't take anything you hear on a message board as your main source.

Bidu--Where do you trade?
 
I just clarified everything with them, PTG Securities is an affiliate of a registered cboe/cbsx bd. They have a trading group in Houston, TX and looking for new office space in New Jersey right now. No connection to Coastal at all. They seem very knowledgeable and know the business very well, I already filled everything out and am giving them a shot.
 
Quote from bpcnabe:

And that kids is how you shill for a firm


*** this whole thread should be a leason on how to shill for a firm properly ***
More...

err....lesson

:D
 
um yea ok, I take it there are a lot of schills on here because when I put out a message regarding remote trading my inbox was filled from traders promising the world at the trading firm they are with and asking me to call the owner and speak with him directly... thanks but no thanks. I am fine with the deal I have, so if any experienced traders are up for putting a trader chat together PM me. Looking to stay in the loop trading remote would be cool to get a trader chat going. later.
 
I have asked this earlier and havent really received a good response: Why would anyone give money to a trading firm that just popped up like Coastal or PTG, when there are so many established, reputable firms.

Please learn from my mistake. I went with WTC and got burned.

I'm obviously new here but I spent a whole weekend reading these message boards trying to find a new firm. It's pretty easy to find a good one. I don't want to say who I signed up with and be accused as a "shill", but lets just say its one that is always mentioned positively here.
 
topdog

totally hear where you are coming from, it's a risk you take going with a firm that is not recognized. I personally was just was looking for the best per share rate I could find due to the amount of volume I average monthly, every nickel I can save on the per share rate adds up. Sure I could have went with an established prop house but would be paying a buck or two more a month which wouldn't cut it for me, this is the risk I take and I think any trader at this point knows the risks involved.
 
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