Anyone here trade with them good experiences? Thinking about opening an account with them.
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Cy trading Group
- Thread starter Jeremy2581
- Start date
Do a search. They are operating an unregulated and unregistered broker dealer. These firms are actively being shut down by the SEC and traders are losing their money and having it tied up in receivership for months. STAY AWAY.
If you're a US trader, stick with a firm that requires a series 56 and SEC registration. There is more oversight and these firms are generally better capitalizedQuote from textrader4:
Do a search. They are operating an unregulated and unregistered broker dealer. These firms are actively being shut down by the SEC and traders are losing their money and having it tied up in receivership for months. STAY AWAY.
I would actually stick with a firm that requires a 7 like Bright or Echo as they would have much greater capital than any CBSX firm requiring the 56 and the 7 actually has value beyond the prop world.Quote from EvOTraderV2:
If you're a US trader, stick with a firm that requires a series 56 and SEC registration. There is more oversight and these firms are generally better capitalized