I was interested in hearing what kinds of deals people have heard Generic is offering -- capital down vs. no capital down and things like like payout(monthly and year-end), commission and bullets ?? thanks
Generic
- Thread starter traderjimbo
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Also, does anyone know anything about their scalping platform - lava ??
Don't know the Generic deals, but I know lava. Watcher and Hammer are both better. It's ok, but inferior to either of those two platforms, IMO.
Lava is installed on a lot of institutional desks, not their own technology.
hi nitro,
i'm sorry but can you be more specific? we open retail accounts for those who do not wish to be licensed and we also have licensed traders who put up their own equity and we also back novice traders. the deals accompanying the different accounts will be adjusted accordingly.
i'm sorry but can you be more specific? we open retail accounts for those who do not wish to be licensed and we also have licensed traders who put up their own equity and we also back novice traders. the deals accompanying the different accounts will be adjusted accordingly.
Professional Firms = Bright, Echo, etc, i.e., you put up your own money and payout is 100%
Proprietary Firms = Worldco, ETG, Shoenfeld, i.e., they put up the money, you get a percentage
Retail = Interactive Brokers, etc, e.g., SIPC protection, your own money, 100% payout.
Obviously, there are some that do 2 of the 3 above. AFAIK, there isn't a firm that can do all three.
nitro