A friend of mine interviewed with T3 in NY for their junior trader training and said everything sounded good until they told him the structure is 10.00 a 1000 shares with a 70% payout. (this is with capital up). They told him after six months possible he can be at 7.00 a 1000 shares. I thought Oliver Velez was bad what the hell is going on over there?
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T3 charging $10 a 1000 shares is this for real
- Thread starter buzzie77
- Start date
Nope not even close. Call them up see what they say. I have a buddy who put up 20k and got 95% at.00275
Quote from buzzie77:
A friend of mine interviewed with T3 in NY for their junior trader training and said everything sounded good until they told him the structure is 10.00 a 1000 shares with a 70% payout. (this is with capital up). They told him after six months possible he can be at 7.00 a 1000 shares. I thought Oliver Velez was bad what the hell is going on over there?
Quote from buzzie77:
That's pretty funny, I interviewed with T3, although a reputable staff and nice office, I found them to be the most expensive firm on the street. Most of the traders there are paying 3-5 per 1000. Like really what is this 1995, I will stick with the shady firm I am with and pay 1.50 / 99%.
^ found this interesting
Hi guys,
Do you know if T3 are accepting non-US traders.
Thanks
Do you know if T3 are accepting non-US traders.
Thanks
Does anyone else have any feedback on T3? I've called them three times this month. Three times they have taken down my information, told me I would receive a call back, and I have never heard from them.
I take that to be a very bad sign if that is what their customer service is like.
I take that to be a very bad sign if that is what their customer service is like.
T-3 may just be the worst firm out there, most of the traders lose their money and after this happen not too long ago i would stay as far away from them as possible
http://www.cboe.com/framed/PDFframe....pdf§ion=SEC_ABOUT_CBOE&title=CBOE - CBOE
http://www.cboe.com/framed/PDFframe....pdf§ion=SEC_ABOUT_CBOE&title=CBOE - CBOE
The prices are going to go up eventually, it's only a matter of time. Accessing that type of leverage with such low clearing rates and so little capital is not going to be around for long. The new regulations have hit wall street hard and since prop-firms are among the smaller firms on the street, they will be suffering the most collateral damage. You can also expect regulators to go after them because they are small. It's more difficult to pursue larger firms and elite white-collar crime because of the legal resources they have. I'm working with the assumption that $10 for 1k shares is a rip off but rates will climb that way as regulations become more burdensome and expensive and competition becomes few and far in between. We've already been seeing that the last few years.
Quote from buzzie77:
A friend of mine interviewed with T3 in NY for their junior trader training and said everything sounded good until they told him the structure is 10.00 a 1000 shares with a 70% payout. (this is with capital up). They told him after six months possible he can be at 7.00 a 1000 shares. I thought Oliver Velez was bad what the hell is going on over there?
Why would you go with a firm that has one of its managing partners disciplined by CBOE. There are many prop firms out there.
http://www.cboe.com/framed/PDFframe...CBOE - CBOE
The regulators are the ones who are causing the prices to go up. Burdensome regulations have real consequences on firms, especially smaller firms. The new regulatory climate is tough. It costs 600-1000 dollars just to register to open an account these days. Things aren't looking too bright in the future for prop-trading.
Quote from bulllives:
$10 per 1000 is not a rip off it is absolutely CRIMINAL!
where are the Regulators?