Pros
Day trade from home using firms capital. 5k buy in gets you 70k intraday buying power. You can make money here and withdraw 2 times a week. No non-sense, no training, basically on your own from day one.
Cons
Your 5k buy in is non refundable. Ever. It's gone. "As a membership fee" These guys are traders 1st, not customer service reps. The sterling trader platform is Windows only and feels like 1999 AOL interface. Awful. The commission fees are actually .90 cents per hundred shares not the .10 cents per 100 as advertised. If at Anytime you dip below -3800 you are cutoff and disabled, and they keep your remaining 1200. They barely show you how to properly use the platform let alone any strategies or order entry tips. Must pay extra monthly fee for trailing stops! Several times I wasn't able to close certain positions because The firm is so closely monitored by FINRA they were constantly rejecting my sell to close orders as sell to open. The losses that I incurred because of that were permanent and no consideration was given. Completely unfair practice, In that one instance.
