been w/ them 3 yrs. no problems. only better firm is bright trading because they've been out longer but way too expensive for my needs.
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Cy Group, Los Angeles
- Thread starter vingbel
- Start date
Quote from daytrader4cash:
Not good for a beginner since they have virtually no training program. Commission starting rate is tooooooo high. Only good for people who are very traders already but even those people don't like Cy due to their horrible attitude and crappy business operation. Only heard bad things about them so far. Heard about 4 friends who blew their accounts there already this year! Beware
I traded with them last year. Both Steve and Sung are very professional and I never encountered a bad attitude. Their business operation also seems sound and very organized.
I recommend Cy Group. As for new traders blowing-up this is
certainily not their problem. Cy Group gives you the tools for success and they allow every trader to make their on trading decisions-within reasonable risk parameters. Lets face it. Trading is a very challangeing business. Anyone thinking of entering the lions den should papertrade for at least one year to get a winning system before funding an account. Most emminetly successful traders blew their accounts up before developing a winning approach. Its all part of the educational process.
As for Cy Group, they are one of the few honest prop firms out
there. Just my opinion.
Anyone have any recent experience trying to register with them? I've sent in the application and they said they didn't receive a few of the pages so I asked them to send me or tell me the pages specific. The guy claimed he was going to e-mail them to me for a few days now and nothing. I called today and they told me it would get e-mailed over and nothin. He did give me a demo instruction the other week so I don't know what's going on.
well i'm not sure when you last contacted the but .. we did just have the weekend. i doubt they're open on weekends.
i was in their chatroom today and had no probles talking to the admins..
i was in their chatroom today and had no probles talking to the admins..
Quote from allbutgreen:
well i'm not sure when you last contacted the but .. we did just have the weekend. i doubt they're open on weekends.
i was in their chatroom today and had no probles talking to the admins..
Well I been waiting since early last week for the "missing" paperwork to be e-mailed to me or at least told me what pages were missing. The person I spoke with last week and today was named Chuck.
If you're really serious... wouldn't you just email the entire completed application back instead of waiting a week for a few specific pages?
Quote from CrashProof:
If you're really serious... wouldn't you just email the entire completed application back instead of waiting a week for a few specific pages?
To answer your question, they told me I was missing page 14 15 and a page 7 of 7. I faxed that over last week and ask them the next day which was Thursday if they received it they said no which makes no sense cause I faxed it to the same number. So they tell me they will just e-mail me the pages(the whole paperwork is over 30 pages) to make sure I have the right ones. Well as stated before, I'm still waiting. I wouldn't waste my time posting this if I wasn't serious. I'm not gonna waste 30 dollars to fax the whole thing again if they just are playing games.
I just started with CY Group, this month, so far so good, am very very impressed with speed of platform, and their attitude, if u have a problem, just call them up.
I had no probs getting my account started, just call them, speak to Chuck or Sang or Steve, I won't goover the top saying how great they are, they're just a prop firm.
If you're still mulling over little details, then maybe this isn't for you, but if you're a dedicated trader then I say go for it.
Only thing I have to say ids Laser is completely different from what I was used to, has taken a while to fully figure out all the potential, and to be honest I still am!!
Their attitude is second to none, and if you have ever dealt with any lesser prop people, then this will really make that difference.
I had no probs getting my account started, just call them, speak to Chuck or Sang or Steve, I won't goover the top saying how great they are, they're just a prop firm.
If you're still mulling over little details, then maybe this isn't for you, but if you're a dedicated trader then I say go for it.
Only thing I have to say ids Laser is completely different from what I was used to, has taken a while to fully figure out all the potential, and to be honest I still am!!
Their attitude is second to none, and if you have ever dealt with any lesser prop people, then this will really make that difference.
i hate faxing. seriously, technology is outdated by 20 yrs. thank god for EFAX