T3 Trading Group Reviews

Company forces you to trade from day one, they don't let you buy less than 100 shares, you can't adjust your risk by changing your position size that's why you should choose cheaper stocks to reduce your risk, even if there is no set up to trade. Let say, you saw a great technical set up with good risk/reward ratio but it's a $150 stock. You can not buy 50 shares so that your risk is tolerable, instead you give up that stock and watch $20 stock and wait for good set up. When you start trading, it's obvious that you can not make money right away because every trader needs a learning and practicing period. Mean while your account is shrinking until you learn, because you are charged with different kind of fees every month. After few months, you already pay significant amount of fees and if you lost some money at trading, then you're either out or replenish your contribution. They don't care about your trading, if you check career websites they're always hiring, because after you get in, you're cash cow for them, after few people leave, they need new cash resources. Their business works in that way. My only advice is KEEP AWAY from this firm. You don't learn anything and you can't make any money if you're inexperienced. If you're experienced already, check out other serious trading firms, they're already providing base salary plus bonus or commission based structure. Trading is not a simple task but it doesn't mean that you have to be ripped off while you're learning.

T3 uses an outdated version of Lightspeed trading platform. It lacks technical tools. And they charge over $200 a month for it. Administration fees cost $100 a month. Total monthly fees cost over $300.00. This only gives BATS, EDGE, NASDAQ quotes. Options, forex, and ADR trading require additional fees. And you have to pay for your series 56 license. They also charge the most expense commission rate. The rate is $1.50 per 100 shares (applies to buying and selling). Management forces you to trade. After a month of risky day trading, you rake up over $1,000 in fees for management. They take a portion of that home for their salary. This is a internal profit generating company. Meaning, they make money off of their traders. Minimum deposit is $7,500. If you last three months, the fees will cost you over $900. That's over 12% of your capital. A good trader can make 6-10% return for the year. A good trader is 1 out of every 10. Most traders end up losing money. Profitability is close to impossible with market risk and management cannibalizing their traders. This is not a good place to start if you have no market experience. You'll practically receive no training. They have absolutely zero technical edge. They're still trading with charts - equivalent to cavemen tools at this age.