Domestic Securities? Anyone here trade for them?

ok...if i remember correctly....
you have to put up $5,000 .....and you can only trade 200 shares of what they say you can trade....if you lose $2,500.you cannot trade until you put up another $2500.....now that is bad enough ...but there are other firms that have similar "deals". but here's what really got me...before you could even start you had to take and pay for their training course....a non-refundable fee of $1,500.
I almost broke out in laughter, but I held my professional attitude and told the guy , "I'll have to think about it"

great deal for them...they get your $1500 for "training"...and then have ZERO risk when you trade.
 
Ok...I am impressed with the responses...this is a very solid board in my opinion...

I am leaving Spear, Leeds & Kellogg...to join Domestic Securities...call me crazy, but I have the passion like everyone here to purely trade....I went through the SLK Trader Training Program and was placed on the AMEX, because NASDAQ Capital Markets was not hiring along with Prop, Options or ETFs...My inly other choice was the NYSE and to me that is not trading..I spent 8 weeks on the NASDAQ and was an assistant market Maker...it was the best JOB in the WORLD.....! However layoffs are the only thing going on there now... So I am giving up a very nuce salary & Bonus to really start my career and life long dream of trading on my own.....At spear i became fully licensed with my 7, 55 and 63....Not to mention Candle Sick charting classes with Steve Nison and TOns of Free Classses from New York Institute of Finance....

Domestic offers a 4 week training class which I sat in on twice and really thought it was indepth and well organized....Anyway, it is a 50/50 split $1executions and it you use attn...their ECN you get rebates he recruiter explained how alot of the traders sit on the bid and offer of stocks that dont move hat much but trade volume.....He gave me some numbers like....the average trader who has been there for a year and stayed makes beween 8k-15k take home per montn....He was total y honest and realizes that there is so much bullshit in the Prop Industry....Full benefits no desk fees and I am an actual employee!
 
Let me clarify since someone just sent me a PM asking why NYSE is not real trading....That was written poorly, I appologize...My specific job as a clerk was facilitating the trades and to me it was not difficult or challenging or required any knowledge of the market...it takes 8-12 years to become a specialist when you are actually trading, competiton is tough and even a specialist is no where close to a market guru...believe me, I uses to go into work and explain things to some specialists.......When there is order flow buyers/sellers, it is easy to match them up and profit from floor traders/broker orders when you know there size and how hey want to be a certain percent of the volume.....
 
Could you please clarify 'dollar executions'? For example, if your order is filled via a series of partial executions, are you charged $1 for each partial execution?
 
It is $1.00 each way no matter how many shares...I imagine its per execution not if it takes three orders to get filled....So, it must be a dollar each time..
 
good luck traderNYC....I just can't understand why anyone would want to give away half the profits that they work hard for.
what are they giving you for that? the use of their money? you can get that anywhere else and keep 95% or even 100% of your profits.
 
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