ECHOTrade

[runningman]

Does anyone trade at Echo? Is it a good place to start out? Do they offer training or is it pretty much self directed?

 

[Hooked2000]

self

 

[trade4life1234]

Echotrade requires a deposit and overcharges their young traders.

 

[Hooked2000]

Quote from trade4life1234:

Echotrade requires a deposit and overcharges their young traders.

What do you consider overcharged?

 

[chiguy]

been here for 3 1/2 years... been great so far...

by the way it is a pro firm... not... a prop firm

 

[uptik2000]

Started with Echo back in 2002.

Never found a reason to go elsewhere.

BTW, I have no other affiliation (manager etc) with them.
I trade remote from the woods of upstate NY.

 

[chiguy]

Quote from musiksphere:

lol, they're must be paying u for this

not at all...

 

[dafugginman]

their leverage isn't good. 10:1 and 2:1 overnight. higher if doing pairs. good leverage is kind of rare these days. rates were .004 +- ecn fees a while ago.

 

[PatrickQ]

obviously you have had a bad experience, yet your comments could be made for any bad office from any firm in this industry. i have been with ECHO since 2001, and have had to negotiate with them over the years for better rates as my volume has increased. yet, i am sure this is the normal process in the industry. IF you have had a bad experience then take your business elsewhere. it is that simple.
happy trading,
patrick

 

[ang_99]

Quote from dafugginman:

their leverage isn't good. 10:1 and 2:1 overnight. higher if doing pairs. good leverage is kind of rare these days. rates were .004 +- ecn fees a while ago.

I thought they offered 30:1 leverage... intraday