WorldCo vs Generic Trading

[axehawk]

Originally posted by Dawg Pound
worldco offer - no capital, 65% payout, $5 ticket, 1.5 cents, they cover all other costs including 7,55

generic offer - no capital for 50% payout, 10k for 95% payout, $11 ticket, they cover costs for 7

Are either of these reasonable for a new trader and how difficult is it to change the terms once your in the door?

An $11 ticket? You don't have a chance at that rate. You're better off putting up $25K and getting 100% at Echo or Bright.

 

[dotslashfuture]

with an $11 ticket you are paying more than retail traders. I wouldn't worry about payout in that situation, because there won't be any.

 

[traderjimbo]

Is this true for Generic if you put down 10k -- 95% payout -- ????

and I heard they had better rates for high volume traders ??? anyone know ?????

 

[st0ckman]

the major difference between wldc and generic is this: wldc is at least a nyse & nasd member firm. generic is a Philadelphia firm. this means that your licenses expire in two years when with generic. wldc's systems are a joke, they go down all the time(see my post on wldc). wldc's execution system is terrible. again check my rating on wldc. generic runs most of their trades through redi which is good but it doesn't compare to the speed and ease of executions at my firm. i can provide you with very fair rates and superb training - day trading nyse stocks. just check my profile and click my homepage for more information.