Rates aren't very competitive. A lot of wool over your eyes.
TM Global... brought to you by the people that run Capital Traders. The main reason people go to TM? To avoid the 56. This isn't a hate post, i'm just offering my advice to new (and experienced) traders (take with a grain of salt). TM isn't bad by any means but, you aren't getting competitive anything. They use a "proprietary" platform (aka a branded DAS package). I've asked a few of their traders for rates... generally I've gotten 150 for platform per month and 5.95 per trade (on both sides) for up to 5k shares.
This isn't very competitive at all. I'd rather spend a month to study for the 56, and go somewhere way cheaper (see: Bright Trading, T3, or Quasar). This is also a sub-group of WTS (not confirmed but, Capital Traders was so chances are high). Subs usually charge $$$ as a middle-man because they claim to offer better support and education.
I will applaud their education and support though but, still, it's pretty industry standard. If Doron and Adam are still there, they are always very nice. But, again, you're paying them....they probably should be nice. T3 has a renowned training program as well. 10:1 is also not great.... Don't get me wrong, if you're a beginner, play small and grow but, this isn't for experienced traders at all.
There are a few firms that trade around the 56 (all legal) but, i'm not going to shrill and promote them. Bottom line, do your research and get the best bang for your buck. I personally don't believe TM is it.
A Fellow Prop-Trader
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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