Consumer reviews and reports on scam companies, bad products and services
world trade securities, miami, wts prop trading shop looking to scam new traders miami, Florida
14th of Oct, 2011 by User876904
You go in there and meet a man named Joe Amar. He tells you that he'll make you a trader for a 1500 dollar capital contribution. But what he does'nt tell you is that the company depends on these constantly coming in, its how they make their money He'll talk a good one at first constantly sprinkling his conversation with risk disclaimers and will just all around put together an elaborate lie to make you think you can make it when all along the companys raking in hidden fees from your 1500 and planning on you failing.
3123 days ago by 89764
You dont know what your talking about. They make maybe a few dollars off your $1500 if you lose it. That $1500 is for you to practice with. Why should they let a person with no experience lose their money. They only make about 20 cents per 1000 shares when you lose money and the office dose not get to keep all of that. Their New York office works the same way and their rent there is $18, 000 a month. do you think your few dollars pays the rent and the salary of the support staff. They are hoping to find some traders that make it and make allot money. That is the only way they make real money is if your making real money. The New York guys are a good group. If you want to be a prop trader I say check them out. I enjoyed my time there and no one was looking to screw me. I lost my $1500 and they still kept me allowing me to trade their money with no additional capital. Fees yes there are fees your using someones money. Who is going to let you leverage with their money and not get paid on it? I would be in a position of over $200, 000 sometimes. Money I did not have that came form their money so of course they should be making money on fees. If you dont want to pay fees then put up your own 200 grand.
3123 days ago by Markyboys
original poster is a total idiot. What do you expect from Miami? I traded at WTS for a bit, and they were very fair and honest. The $1500 is by no means a fee. Thats like going to open a bank account with a $1500 deposit and saying "the bank charged me $1500" My advice to you is stay away form trading, the market eats idiots like you up for breakfast.
3108 days ago by TimL885
I totally agree with the guy that wrote this post, that guy Joe is a scam artist! H'es probably the one that wrote the positive comments above me. I know this because I joined with him a month a ago and lost all my money with out any control over what I was doing. He seemed nice at first and sold me on a bunch of nonsense but then pressured me to do things a certain way and even promised to pay me back if it didnt work out (HE LIED AND DIDNT) he must make his money off all these fees he charged me. He shows you fee listes and trades when you join but there different when you trade. He introduced me to people in there who also told me a bunch of lies, they must be in on it with him. STAY FAR AWAY FROM JOSEPH AMAR THIS MAN IS A SCAM ARTIST!!!
2891 days ago by Jtrader
TimL885 I am joseph amar and was just made aware of this post i have never employed anyone named tim or ever had any employees lose all their money in the first month so please avoid posting lies thank you
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