What do i need to found a trading company ?

Quote from luckybastard:

Most probably Penson will offer a way of insuring your money against bankruptcy. That way you'll still have your money when Penson blows up. Penson is known to offer great rates and good Easy to Borrow lists. If I were you I'd contact a few brokerages and compare their rates, ETB lists, software and see if they offer a way to insure against bankruptcy.

Once you have a deal, you can be up and running in no-time, since you're in Canada and don't need licensing.

Good luck !

you dont work for penson, do you ??? hehehe, u re making good advertisment. :D :D :D

yes, thank you, thats what i have to do, compare their rates and softwares.

The problem of insuring my assets against bankcruptcy, is on of the most important things to think about. Thats why i would prefer a big bank in the first line, big banks dont go bacrupt (expect Lehman Brothers, but HSBC will not for sure, not before aliens attack earth, and economics collaps.:p )

I also could use two business brokers, that must be enough, just to be more flexible and independent, to compare the their dealing.

I will put Penson on my comparing list, thank you.
What is with "R.J.O. Brien" they are also very big and look good.
Any opinion. or "ADM Investor Services" - i do already business with them as individual. well i will ask them too, what they COULD offer me.

I dont know, its so much to think about.

thanks

Best Regards
 
Quote from HATEtheRisk:

you dont work for penson, do you ??? hehehe, u re making good advertisment. :D :D :D
I run a firm via Title Trading. They use Penson as well, hence I know what they can offer. I also investigated other options and saw other people taking different paths and all I can say is that I'm happy with my choice for Title. But again, it all boils down to what you exactly want and prefer.
 
Quote from member:

Best Regards [/B][/QUO

...something is not right here my friend. 1) since you are allegedly in Spain .. I could not figure out your sleeping habits... 2) serious traders don't post so much on elitetrader... ( i signed up to help and educate misguided traders and not to take advice) 4) you are not new to the site....you have an other username and you are playing dumb and being disingenuous 5) you dont have money, your father has who tolerates your infantile shit" [/B]

Oh come on, thats why i dont like this forum less and less.
1) im a fx trader, i only sleep 6h a day and thats most of the time in the evening, ok, only when my positions allow me to sleep.
i am still young, and can my body allow to sleep when i want, hahaha
2) I am not everybody, ok, i stand for myself alone in this world.
I asked for help, if you dont like my question, its your problem.
3) you missed number 3, my friend. :-)
4) i am new, just signed up 2 weeks ago or so, but it really stressing me, bcuz of people like you (sorry i dont want to insult you, ok, its just stressing). I am not a TROLL, i am sorry i have no time for such an nonsense,
5) I have money, ok. i dont need to send you my account copie to proof that. what a joke.
By the way, i have no contact to my so called father, ok, and that is good so.

Whats the problem with peole like you ??? You re always pissing on me. Isnt this a trader forum for proffessionell trader, No, than i should leave. This sucks.

To "luckybastard" thank you.

Good bye
 
Quote from luckybastard:

A friend of mine followed the same reasoning. Instead of following my suggestion to go with a prop firm, he went to Goldman Sachs. They gave him a shitty deal with high costs. He couldn't compete or be profitable with that deal and went out of business within a year.

My advice: don't pay too much attention to 'big names'. The deal you're getting is your lifeline.

Yes, that could be right. I dont want to do mistake and regret it after that.
i have to compare all possible banks and broker companies.
Broker companies would be.
- penson
- ADM
- R.J.O. Brien
- gain capital
- rosenthal collins
- fc stone
- mf global

thats all big ones i know.

thanks
 
Quote from HATEtheRisk:

Hey snakey,

i knew you would come back.

Cant you read the toppic. Whats up ???

Cant you read or what ???

holly molly:confused: :confused: :confused:

put money in the bank,i`m telling ya!!!!

or i`ll have to slap your little lucky bastard!!!

:D :D :D
 
Quote from SnakeEYE:

put money in the bank,i`m telling ya!!!!

or i`ll have to slap your little lucky bastard!!!

:D :D :D

Now i see, you are the troll here. Good work boy. respect.

i have money in tha bank, i m telling ya !!!
And now ???
Take a vacation rest of my life ???

And never trade again, nooooooooo.
not for me.

take it easy buddy, there could exist people who have different views of life than you do.

regards:p
 
Quote from HATEtheRisk:

Yes, that could be right. I dont want to do mistake and regret it after that.
i have to compare all possible banks and broker companies.
Broker companies would be.
- penson
- ADM
- R.J.O. Brien
- gain capital
- rosenthal collins
- fc stone
- mf global

thats all big ones i know.

thanks

A few of other brokers to check out that might allow you to trade forex somewhat "directly" (e.g. with ECN's) with a $5M plus account include:
- ABN Amro
- Newedge
- Credit Suisse
 
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