is it a good deal?

5yrtrader · Feb 6, 2008

Still awaiting your reply, I got your PM but you should defend the company's reputation publicly. It would be hard to put money on deposit with a company that has NO reputation. How much does Cago trading have in working capital? Have you ever had problems withdrawing large amounts of money? How long has Cago trading been around... how long have you been with them? Why is there no reference of them anywhere?

There are way to many scams out there, just doing a public service.

5yr

Vixshorting · Mar 25, 2009

Quote from wuwei:

$3000 down, 80/20 payout 10:1 buying power, sterling platform $210/mon , $1/ 1000share commissions

Hi wuwei,

Could you tell which firm is offering the above deal?

ezbentley · Mar 25, 2009

It seems like every firm that uses Sterling charges about $200+ platform fee per month, which makes the deals less attractive.

pikertrader · Apr 16, 2009

I think I have a decent deal. I use the sterling platform too but I am not charged for it. I get 100% payout and my rate is 2.5 / 1000. I had to put 10K up but get good leverage. I think this is a very fair deal. I only trade about 2MM shares a month. Anyone have a better deal pleae PM me

Canuck709 · Apr 16, 2009

what about your ECN charges and rebate? Included in the price? I've lerned lately that some places mark up the ECN.

pikertrader · Apr 16, 2009

the ecn charges are pass thru's.

Canuck709 · Jul 21, 2009

Piker,

Can you tell me what firm this is?

Tks.

krazyanyway · Jul 21, 2009

Quote from wuwei:

$3000 down, 80/20 payout 10:1 buying power, sterling platform $210/mon , $1/ 1000share commissions

Depends heavily on your volume and needed buying power.

qwiktrade · Jul 21, 2009

Quote from wuwei:

$3000 down, 80/20 payout 10:1 buying power, sterling platform $210/mon , $1/ 1000share commissions

This is what I would be concerned about..

Suppose the first month you trade 20k shares, about 20 round turns on 100 shares each day. At the end of the month you are down 500$.

Software -210
Commissions -20
P/L -500 * 100% = -500%

Total Loss -730

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Next month. Same 20k Shares. This time you make 750$ or 50% more than previous months loss.

Software -210
Commissions -20
P/L +750 * 80% = +600$

Total Profit +370

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Net after 2 months = (-360)

And this would assume a very short learning curve.

I recommend trying to find lower fees and a better split or else save up some more cash.