Trying to sell market info
I have a small account of 6000 which I trade options with small gains each month to compliment my income.
So I applied for a job at Maverick Trading, hoping to be able to have access to a little bigger fund. Here's what I think:
1) They asked me for $6000 fee (elsewhere on the internet, i read that others only pay $5000). I immediately think of my $6000 trading account I've revealed to them. Alert 1
2) They asked for $199 monthly fee. No trading firm charging employees that. Alert 2
3) Put up $5000 as risk money to have access to $25000 account. Basically, this is my money with margin. Alert 3.
In all, I think the whole point is MT selling some info for $6000, and collect a monthly fee, anything else is bonus for them. How many new traders are gonna be successful trading with 25K margin account? Not a whole lot. And if you're a good trader, you can make money with $11,000. The only reason you come to MT is because you don't have the fund. As in my case, I can't accumulate my fund, so I couldn't have bigger account. Once you are down, if you don't have more risk money, you're done. Losing $11000 just like that isn't worth it. The point is you're still trading on your own, your plan, and this can get Maverick Trading out of a lot of trouble if litigations ever come up.
If you have $11000 laying around, open 11 one-thousand dollar accounts and play with them, if you lose them all, you're still a happier person.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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