new prop firm????

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dlrcatcher

has anyone ever heard of andover trading?? i hear they are opening a new office in san francisco?? i heard there rates are low with good payout but do they hire inexperienced traders??
 
Originally posted by dlrcatcher
has anyone ever heard of andover trading?? i hear they are opening a new office in san francisco?? i heard there rates are low with good payout but do they hire inexperienced traders??
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Search this site for "Andover". There are lots of posts on them.
 
Andover is as any other trading company if you have experience and put your money you get a much better deal then somebody without experience.
 
thanks for the website info--spoke with them today and will meet next week to discuss details--sounds like office is opening with 10-15 experienced traders
 
I heard of a firm called spectrum trading in SF that is a licensee of Andover. They have some good experienced traders, mostly from ETG and Generic in SF, but I heard some very negative things about the Branch Manager. They are so negative that I will not repeat them here at the risk they are incorrect, but I would check the OM, a guy named Jeff, out carefully.

I don't know if this is the same office you are referring to or if Andover is opening another office in SF or taking over this one. I also heard that Andover is getting out of backing traders. They will only give a deal like Bright where the trader takes all the risk (and gets all the reward or close to it) and pays less than a penny a share. The trader must put up around 50k to get started.
 
it is definitely not spectrum--it is horizon capital out of new york--did not hear anythng about spectrum or ther operation--talked to them today--operation looks professional--systems are brand new and customizable--deal and rates attractive
 
Thanks for the info regarding Horizon. I guess Andover is willing to open more than one office in a city under multiple names.

Happy New Year and profitable trading!
 
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