90% of traders who left wanted to come back at some point is pure bullcrap. i know 10 to 15 guys who left personally including myself. they are very one sided and most traders there do not make a living. i worked there and it was a dump, penny a share is pretty much true and you get 90% payout. they also charged your account a few 100 a month in fee's. the head traders in some groups don't make money alot of months but they get a salary so they stay. they also wait for you to resign til they finally want to make a better deal. they try to scare you from leaving with lies. i enjoyed my time at madison but they robbed you blind and its only a good deal for new or bad traders. i made money there but most did not. the problem is other firms offer you less then half there commission. they also don't charge you a few 100 in fee's a month plus they payout better.
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Madison Trading
- Thread starter wercurna
- Start date
90% of traders who left wanted to come back at some point is pure bullcrap. i know 10 to 15 guys who left personally including myself. they are very one sided and most traders there do not make a living. i worked there and it was a dump, penny a share is pretty much true and you get 90% payout. they also charged your account a few 100 a month in fee's. the head traders in some groups don't make money alot of months but they get a salary so they stay. they also wait for you to resign til they finally want to make a better deal. they try to scare you from leaving with lies. i enjoyed my time at madison but they robbed you blind and its only a good deal for new or bad traders. i made money there but most did not. the problem is other firms offer you less then half there commission. they also don't charge you a few 100 in fee's a month plus they payout better.
Quote from wercurna:
Are there any Madison Trading Traders around ?
I wanted to get more information about the company.
thank you in advance,
wercurna
http://www.legalcasedocs.com/120/250/101.html#item1
http://www.legalcasedocs.com/120/250/101.html#item2
Quote from zdreg:
maybe. with someone elses money why should you make the call
you serious because this is my job hello. i am net positive every month and don't want to hear boo from anyone. i am a true prop trader and i pay less then half Madison rates and my firm never bugs me about my risk. my account does not go negative so thats why i can say that zdreg.