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Cy Group

TOP 10
www.cygrouponline.co..
Category: Prop-Firms
Cy Group offers trading software and educational tools to its subscribers. From seminars to scanners, we work hard to develop cutting edge trading strategies and program filters. Subscribers to our chatroom receive real time news and trade signals delivered via IRC format.
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Great prop firm
Is anybody still with this prop firm?

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Seems to be exactly what they say they are
Tried them remotely twice. Second time was pretty recent. They have different structure and i know they actively try to operate legitly. They were like that that years ago when i first tried them and they are still like that now. No refund but can keep trading until a fair level. I liked the program they offer to be honest. Automation tool this second time around helped me learn alot. Even though i am not good trader , experience is positive, feel the guys in the chatroom really know their stuff and actively trades daily. They seem to run business very straight forward with no b.s. Ok platform, service is nothing to complain about. Do I feel safe trading there? Yes. I just need to step up my own game.

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No recent reviews
The last review I found was few years old and couldn't find a recent review elsewhere.

Sent them an email and the respond was a generic email but what concerned me the most was that they ask for 5K and say it "Non refundable" :-(

Any other input will help.

Thanks

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Jacobemsi BUFFALO, NY

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No problems
Used them before opening my accuont at IB and had no problems. WOuld still recommend if you are trying to get around PDT rule.

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Freedom from PDT. Lots of leverage.
Plenty of leverage, 5k buy-in and no pdt rule. Worth it! The people who run this are traders first so they are very busy during market hours. Don't expect a lot of fluff, just value.

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Scottyflintstone Chico, Ca

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good leverage. standard tools
standard tools & education you can find just about at any prop firm. Where they stand out is leverage 20:1 is a lot. 100k account for 5k. If you're only looking for leverage, this firm gives the most i've across. the rates are what you would find elsewhere. The same goes for software. The rep I spoke to was also a bit hard to understand with the accent. They've been around for a few years now so you know they aren't going anywhere. Overall, if leverage is what you're looking firm this is the probably the right firm. If you want other services like education or great customer service, you may want to weigh all options. Not that CY's customer service isn't good. I've never been a customer so I can not speak for that. I'm sure other reviewers will post their opinions on that.

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Great Prop Firm
This is the first broker I've used. 20-1 leverage is very powerful but potentially dangerous so BE CAREFUL and don't go overboard! It's great to use if you want to get around the PDT rule. I love the laser platform. Sung and Steve are helpful and professional, I enjoy doing business with them.

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2 of 2 people have found this review helpful.
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has any one joined in 2012?
hello i'm thinking of joining but seem very shady the way they email you back and so on i did the paper work i just need to wire the funds and be fore i do that i want to make sure there this running well ? .

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0 of 1 people have found this review helpful.
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Mkey1213 wolcott, CONNECTICUT

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Straight up guys
I didn't join Cy but I wanted to share my experience. I was looking for another prop firm to just daytrade equities as I am already trading options/futures through another firm. I contacted them on the phone and they were very open and personable and made sure to explain all costs and options. They also took the time to discuss the setup and what would happen if I wanted to leave. As I said, I ultimately didn't decide to go with them but I was very impressed and have heard other good things about CY

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1 of 2 people have found this review helpful.
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MachTrader Denver, Co

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good broker
what the others said regarding the phones and email is true. they do seem shady in that way, but they have good rates and know a ton about ecn schedule.

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1 of 1 people have found this review helpful.
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MiamiMarcos Miami, Fl

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Displaying 1-10 of 21 Total Reviews
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