friend said assent now requiring llc consent form

[5Pillars]

It will be 10 to 1, 20 to 1, etc, whatever Assent has as their limits.

 

[jd1028]

because i'm hearing this whole leverage game is ending even with licenses

 

[listedguru]

Quote from jd1028:

because i'm hearing this whole leverage game is ending even with licenses

Where are you hearing this? If true this would make the 7 a huge waste of time and money.... Say it ain't so man...

-Guru

 

[Longhorns]

Quote from jd1028:

because i'm hearing this whole leverage game is ending even with licenses

Not true.

 

[vjr]

Quote from Longhorns:

Not true.

Can you say that for sure... I think at this point anything can happen.

 

[Warrior4g]

if you belong to an llc and get 20-1 leverage with 5k you can still enjoy the same benefits. only difference,you need to get licensed.
another benefit of being licensed is bigger prop firms may employ you with no deposit.

 

[Longhorns]

Quote from vjr:

Can you say that for sure... I think at this point anything can happen.

Of course anything can happen, but as of now there is no truth to what he said.

 

[nyxtrader]

Do you know which LLC shut down?

 

[Longhorns]

Why go through an LLC when you can open an account directly with Assent?

 

[5Pillars]

The llc would extend leverage greater than 10 to 1 in the old model as the llc owner would be responsible for losses of traders within his group (so the llc owner can set higher risk parameters if they wanted - at their own risk).

This is my understanding of what USED to be the situation - who knows now.