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Star Alliance Capital One

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www.staralliancecapi..
Category: Prop-Firms
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you can do better
the blackwood software is pretty inexpensive, but that's marginal considering the $7/1000 commission cost. They have nice space and blackwood is pretty simple to use, but if you shop around, you'd probably find a better deal :-)

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Spyder Tenafly, NJ

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rates are high
$7 per 1k shares is a bit steep. given the blackwood software is fairly unknown, I was expecting a better rate when I called to get details.

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Fast Executions, Remote Trader
I have been a trader at Star Alliance now for almost 2 month 3/12/2011. I have never worked for another proprietary trading desk before so I can not compare my experience with them with any other prop firms, but I can tell you about my experience with them.

It is a smaller and newer firm. I trade remote from my home. I was very exited that I could do that. The fees are very low and the executions are very fast. They do not re-sell out any of their orders and they use their own Market Maker. So you can be guaranteed low rates and very fast executions. The Market maker is very good and the software clear. The tools that they have are also good. They allow you to do pre-market scans that you just can not get in retail. So far I am happy with them.

If you apply and if they think you are qualified they will take you on. You keep 100 % of the money you make. They make their money in commissions and various monthly fees. I have a $40 a month remote desk fee but that it all. You put up $5,000 of your own money which is yours. They give you $95,000 leveraged to use.

When I starting out I had the ability to buy 500 shares with a max loss of $300 a day, if your Loss gets to $300 you are shut down and can not trade any more that day. I like the risk controls as a new trader. As you develop and get better and your skills grow and you make more $ your account leverage will grow and you will be allowed to buy or sell more shares at a time with the ability to adjust your max day loss accordingly.

They charge an extra monthly fee for the charting package so many of the traders that already use think of swim for its indicators and charts do not need it and do not need to be charged the extra $40 a month. Like me I use think or swim charts and indicators and place all of my trades through their Market Maker and take advantage of their institutional low rates and order flow technology.

Over all I would say that the firm is great if you want money to trade with and have fast executions. You get institutional rates on commissions and keep all of the money you make. If you are a new and learning to trade their is not much support for you. If you need education or have lots of trading questions. It is more for already developed traders.

If you want to work with Star Alliance Capital I recommend that you already know how to trade. If you already know how to trade then the leverage and speed that they will provide, makes them a very good choice.

So far I am very happy with them; they are helpful if you have any questions. If you want to work remote it is also very good. I have not been in their Wall Street office but next time I make it out to New York I will have to stop in and say hi.

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Stay away, these guys are very unprofessional and fakester
Their trump building office is just a set up to make you think they are professional. There is not one guy in there that makes money. The three guys that own the firm barely ever trade and don't even have a clue of what the market will do or did. These guys are a prime example of a prop shop casino firm. Everyone gets two screens and their software for trading is complete garbage. Everyone in the firm uses THINKorSWIM for charting software and there is not a single person in their that makes money to survive on. Most of them are just taking off of work for a year from their saving and trying to test out the trading arena. If you want to surely lose your money then sign up with them. They also make you put up a minimum of $10,000 and won't let you withdraw the money for a year. So even if you decide that after a couple of months that you don't want to trade anymore they won't allow you to withdraw your funds. Honestly this is a garbage prop shop casino

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Great Prop Firm on the Come Up!
I spoke to one of their senior traders and they do sound like a great prop firm. I have a friend that was with them for a few months using their services as remote trading but they do have a option for you to trade at their office located in the Trump Building downtown NYC. They are partners with Dimension Trading which people probably heard more of. From what I heard their trading platform is pretty good with low commissions. Capital is required.

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M1llz28 Queens Village, NY

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Displaying 1-5 of 5 Total Reviews
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