Quote from Brighton:
That's quite a list. I thought I was skeptical and frugal, but now I realize I'm just a Pollyanna.
A final point about the TST offering: It's not for me, but hypothetically if I signed up, passed the combine and was presented with a funding contract, I'd be all over the NFA BASIC site, PACER (for court filings and case histories), and I'd get all my legal and tax questions answered before signing on the bottom line. Some of the discussion here is about those important things, but it gets buried by "Is brand X trading platform, the in-house squawk radio and the training/coaching/education really worth $190 for one month?"
As someone with more than a little experience in various sides of this topic, that's all sensible advice. Here's what I see from the outside looking in...
An entity has set up some form of nil-risk screening process to discover individual traders suitable for working with OPM in whatever fashion.
A modest deposit is charged in part as some sort of prequalify filter. Can you imagine the pandemonium created if the entrance offer was free? A jillion people would sign up daily to try their unqualified shot at the roulette wheel.
The list of minimum qualifications seems well thought-out to identify who can successfully trade thru various market scenarios. An emphasis is placed on upwards progressive equity curve and risk control. That is industry standard... nobody wants gunslingers who wrack equity curves all over the place like ocean swells in a hurricane.
For those who meet criteria and pass acceptance, the opportunity to profit-share from 5 to 15 futures contracts at onset with greater size negotiable once proven successful is plenty of leverage for individuals.
The potential to increase profit share from a minimum of 60% upwards to 80% once proven is likewise generous enough. Trade turn costs are reasonable for the style of traders sought.
All this with ability to work from home.
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On the user side, what's the risk? Initial entry fee / deposit of $175 to $400 depending on how much capital is sought? Most guys here piss more than that away on lost trades in a single day or morning. Difference is, they think they have a gambler's chance to make money thru their losing-trades process. The entry fee - deposit does not give potential for instant lotto returns.
Worst-case scenario is a trader jumps thru all the necessary hoops, gets funded, earns a bundle and the company folds wiithout paying one dime. How bad a deal is that? Literally thousands of MFGlobal and PFG victims can only wish their loss experience was merely that.
I don't happen to see any better offers out there, myself. If this one seems to have warts or flaws, maybe it ain't perfect in everyone's eyes. But what else out there is better?
Hey... I'll gladly accept the chance for $50,000 or more to work with as additional free capital and progress upwards from there. $150,000 in the futures world = $1mil buying power (or more) in the stock world. With no risk to the trader. How many MFG and PFG victims out there wish they had this same deal instead?
Worst-case, my style doesn't translate to the risk parameters and no harm done. Best case? More than enough capital over time when proven successful to work with.
