This is what he said in the other thread:
To answer the first part about commissions. We are not a discounted brokerage house. We can not compete with those commissions. This is what Patak Trading Partner has worked out with our clearing. It is fair. If we have high volume traders(which we do not) then we can go back to the clearing firm and work something out as we will work to retain any talent that we find. That is not in the cards at this time. To add to this, there are no platform fees cost for squawk, or any other tools as a funded trader (excluding the advanced charting option that the platform provider debits the trading account of the funded trader if they request that they want it).
hopefully we can lay commissions to rest.
Now to the next part:
You mentioned: Yes, Combines are refundable. But, a very small fraction of people doing combines will get refunds.
We have a large amount each day become eligible for a refund, I am confused on your speculation by saying a small number do this? If it was something I said earlier please let me know.
Those that become eligible for a refund roll this over to start a new Combine after discussing what to work on with the scout who reviews them. We rarely get recruits asking for a refund, most rollover and continue to work on their trading.
He does not say the commission rate is rock bottom, and it isn't but it isn't out of the realm of what gets charged. I never said that the rates are the best either, but no one here can know the agreement between them and the clearing firm. I do wish it was worth their time to sue you, as you seem to throw the word liar and ponzi scheme pretty cavalierly.
To answer the first part about commissions. We are not a discounted brokerage house. We can not compete with those commissions. This is what Patak Trading Partner has worked out with our clearing. It is fair. If we have high volume traders(which we do not) then we can go back to the clearing firm and work something out as we will work to retain any talent that we find. That is not in the cards at this time. To add to this, there are no platform fees cost for squawk, or any other tools as a funded trader (excluding the advanced charting option that the platform provider debits the trading account of the funded trader if they request that they want it).
hopefully we can lay commissions to rest.
Now to the next part:
You mentioned: Yes, Combines are refundable. But, a very small fraction of people doing combines will get refunds.
We have a large amount each day become eligible for a refund, I am confused on your speculation by saying a small number do this? If it was something I said earlier please let me know.
Those that become eligible for a refund roll this over to start a new Combine after discussing what to work on with the scout who reviews them. We rarely get recruits asking for a refund, most rollover and continue to work on their trading.
He does not say the commission rate is rock bottom, and it isn't but it isn't out of the realm of what gets charged. I never said that the rates are the best either, but no one here can know the agreement between them and the clearing firm. I do wish it was worth their time to sue you, as you seem to throw the word liar and ponzi scheme pretty cavalierly.
