T3 Trading Group Reviews

They WILL take your money! If you're an experienced trader and actually make money trading the best that will happen is you'll stay right at your contribution level and never actually cash out. So here is how this whole scam works: -You have to put up cash usually between $10k to $100k -This is your risk margin if you lose that amount you're out plus you owe them whatever amount bellow that you lost. -The fees are insane! You'll probably end up paying about $15k to $20k a year in transaction and "administration fees" depending on your buying power. -If you stop trading (AKA stop making money) the fees will eat your initial contribution right up because you cannot pull your money out! -I repeat: If you put money with them that money is GONE! Not because you lost the money trading, but simply because the fees will eventually eat it all up. -If you aren't at least a 10+ year experienced trader you shouldn't even be looking to join a prop firm but if you are an experienced trader; you'll make more money borrowing margin from a broker so don't come here. -Ignore the 3+ star reviews on here. They are fake (I have seen management write them up) -The managers will try to pressure you into making large day trades because they get paid on commission. You'll pay more in commission fees then rent in downtown Manhattan (simply because you're basically paying for your manager's rent and living expenses) -If you think you will learn how to trade or gain experience you are looking at the wrong place and shouldn't be looking at trading jobs at all. No benefits No salary All you'll end up doing is lose your contribution money

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.