Deutsche Bank. How does that resume look?
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Prop Firms
- Thread starter patel94shyam
- Start date
Deutsche Bank. How does that resume look?
Could you give a website link?Deutsche Bank. How does that resume look?
Alright guys, so here is the deal. Right now I am trading with Nonko Trading and looking for a prop firm that is based out of the US. Idk why but prop firms located out of states seems fishy to me.
I'm not sure why you felt the firm was "fishy" however there are some concerns are being voiced at the moment regarding Nonko. Those of us who have had the unfortunate encounter with shady firms know all to well when things are about to go sour, so here's a heads up: when you log into DAS Pro, if you see a "TR" in front of your account number, then it's a DEMO account, which means your trades are fake, and are not being sent to the exchange.
Ya, it's based on trader reviews and from a buddy of mine who is in a chat room where traders were discussing the firm. Usually this is how it starts, before traders figure out they are being duped and several threads begin to appear on ET regarding the same.
http://www.ripoffreport.com/r/Nonko...mo-Trading-Accounts-instead-of-Live-A-1174787
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96874949
http://www.uneducatedtrader.com/rev...alert-nonko-trading-g6-trading-nevis-trading/
https://twitter.com/modern_rock/status/537329895236329472
http://profit.ly/user/Kev2128
The most damaging part is if DAS Inc (a LEGITIMATE firm and maker of the DAS Trader software) really put out a warning to traders regarding demo accounts, then that in itself is the "smoking gun" evidence.
Apparently, Nonko has been given ample opportunity to provide rebuttals to the allegations, yet there is no such evidence presented from these reviews to show why the accounts in questions were NOT in demo.
Again, as I posted above, this is very easy to determine. Having traded with a registered firm in the past that used DAS, I'm very familiar with the platform. If it says "TR" in front of your account number, then IT IS A DEMO ACCOUNT, period.
http://www.ripoffreport.com/r/Nonko...mo-Trading-Accounts-instead-of-Live-A-1174787
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96874949
http://www.uneducatedtrader.com/rev...alert-nonko-trading-g6-trading-nevis-trading/
https://twitter.com/modern_rock/status/537329895236329472
http://profit.ly/user/Kev2128
The most damaging part is if DAS Inc (a LEGITIMATE firm and maker of the DAS Trader software) really put out a warning to traders regarding demo accounts, then that in itself is the "smoking gun" evidence.
Apparently, Nonko has been given ample opportunity to provide rebuttals to the allegations, yet there is no such evidence presented from these reviews to show why the accounts in questions were NOT in demo.
Again, as I posted above, this is very easy to determine. Having traded with a registered firm in the past that used DAS, I'm very familiar with the platform. If it says "TR" in front of your account number, then IT IS A DEMO ACCOUNT, period.
Here is the full text of the most recent review from the 5th link posted above:
Kev2128 - Dec 04, 9:27 PM
Ok guys i'm issuing out an alert for those who don't know about a broker named Nonko Trading http://www.nonkotrading.com Complete scam and i'm happy i didn't open an account here! I have heard about them and the ridiculous 20-1 buying power to suck newbie traders in to open a account. I asked a couple of gurus only to find out Investorlive has already wrote a blog on them a week ago. I was NEVER a fan of offshore prop firm brokers for this reason. What is going on is that newbies are opening up accounts say $2,000 thinking they will get a buying power of $40,000 to play with only to find out that they are getting a practice account instead and nonko pocketing your $$$$ hoping you WILL LOSE your initial $2,000 anyways. Here is the blog Nate wrote as he has did a bit more digging about them. Stick to USA based brokers IMO. Good luck and be safe out there. Nate Blog on Nonko Trading Scam here. http://investorslive.com/2014/11/25/repost-about-nonko-trading-from-uneducated-trader/
Personally, my opinion is there is nothing wrong with 20:1 bp, but there IS something wrong when that bp is for fake/demo trades without a trader's knowledge!
If traders opened accounts with registered broker-dealers and got their Series 56 license, then these newbies would not have to go through this nonsense.
Kev2128 - Dec 04, 9:27 PM
Ok guys i'm issuing out an alert for those who don't know about a broker named Nonko Trading http://www.nonkotrading.com Complete scam and i'm happy i didn't open an account here! I have heard about them and the ridiculous 20-1 buying power to suck newbie traders in to open a account. I asked a couple of gurus only to find out Investorlive has already wrote a blog on them a week ago. I was NEVER a fan of offshore prop firm brokers for this reason. What is going on is that newbies are opening up accounts say $2,000 thinking they will get a buying power of $40,000 to play with only to find out that they are getting a practice account instead and nonko pocketing your $$$$ hoping you WILL LOSE your initial $2,000 anyways. Here is the blog Nate wrote as he has did a bit more digging about them. Stick to USA based brokers IMO. Good luck and be safe out there. Nate Blog on Nonko Trading Scam here. http://investorslive.com/2014/11/25/repost-about-nonko-trading-from-uneducated-trader/
Personally, my opinion is there is nothing wrong with 20:1 bp, but there IS something wrong when that bp is for fake/demo trades without a trader's knowledge!
If traders opened accounts with registered broker-dealers and got their Series 56 license, then these newbies would not have to go through this nonsense.
Alright guys, so here is the deal. Right now I am trading with Nonko Trading and looking for a prop firm that is based out of the US. Idk why but prop firms located out of states seems fishy to me.
Looking for a firm that takes 5k or less. I am 20 years old and in college still so I don't have much capital to spend on trading. Prop firm is my best option. I know the risks, so please just don't type anything if you have nothing to offer to the thread.
Right now I am only looking at Benchmarq Trading Technologies.
I have an account with them. I use them for day trading and IB for my long, futures and fx positions. Haven't had any problems with them. PM me if you have any questions or want to hear my experience with them.