Obviously a B/D is NOT Retail. A B/D can offer leverage to anyone they choose--those rules have never changed. Typically B/Ds only hire licensed traders b/c of compliance issues. The particular B/D I am referring to will be accepting both licensed and NON-licensed traders through legitimate avenues--unlike Tuco and many other similiar firms out there--which only have a matter of time before shutting down.
keystone trading group
- Thread starter bonds
- Start date
A couple things:
1. B/Ds CAN offer higher leverage but almost all do not w/o licenses due to compliance and lack of funding
2. This B/D is very, very well funded and the additional leverage is provide directly by the B/D...not the traders' equity (as in the Tuco case)
1. B/Ds CAN offer higher leverage but almost all do not w/o licenses due to compliance and lack of funding
2. This B/D is very, very well funded and the additional leverage is provide directly by the B/D...not the traders' equity (as in the Tuco case)
So you are saying that the SEC's Reg-T margin rules are all a scam!!
And BD's can offer whatever leverage they want to!!!
But all the BD's in the USA have colluded to only offer margin consistent with the fake SEC 1933 and 1934 act rules!!!
Can a moderateor please kick this asshole off and erase all his posts and ban his IP?
Trader Jones head must be about to explode with all this free advertising going on on Elitetrader!
tomu...pay more attention to detail. B/D leverage has not changed. However, the amount of leverage provided by the B/D can be to licensed OR UNLICENSED traders. This is at the B/Ds discretion. If the B/D has 100M in cap, for example, they can pretty much give most of the traders on this site whatever BP they deem appropriate.
I'm an asshole for providing this?? It's more like explaining knowledge to children that are clearly uninformed about how the rules actually work.
I'm an asshole for providing this?? It's more like explaining knowledge to children that are clearly uninformed about how the rules actually work.
Wow. Another screaming match. It is amazing how many people have no clue about their business. That is why there are people who trade for a living and those who make a living so they can trade. There is a difference.
Most traders on Elite Trader probably do not make money, consistently.
No tomu no no....you have to put up Risk Cap, you are giving BP based on your trading record/style, and the losses are taken from your Risk Cap monitored by a Risk Manager.
If you give one more stupid response I'm just going to have to ignore you.
If you give one more stupid response I'm just going to have to ignore you.
