Question to WTS traders.

Hi there,

is it true, that WTS freezes any capital contribution that new traders make for atleast 12 month? If that is true I would consider not to go with them.

Thanks
Saico

 

Yes it is true, initial capital is locked up for 12 months just like any other broker-dealer. I have joined them and am very happy so far with the tech support and assistance they have provided me with, very professional staff and the rates are the best I have found.

 

Thanks Altec55,

your answer is much appreciated!

 

Is WTS a BD now? If so what is the name?

Unless they are a BD and require their traders to be licensed there is no reason for them to hold your deposit for 12 months? A retail prop firm that holds deposits for 12 months makes me think they are having money problems?

 

I believe their international traders are with World Trade Securities and their U.S. traders are with WTS Proprietary Trading Group in New York which is a member of the CBOE/CBX.

 

I think the other way around Altec55, but not sure.

Yes, they are a BD now.

 

what is BD?

 

Broker-Dealer

 

so what software do their traders use? Is anyone trading with WTS at the moment? and if you could please explain how their commissions and your profits work?

 

They use Sterling Trader Pro and Lightspeed is planned to be available soon. Profit splits and commission are pretty much a subject of negotiations.