Have an offer with these guys. They have offices in downtown Manhattan, and a few other places around the country (Boca Raton, Florida) etc.
They have a structured training program and the guy said about 50% of the incoming hires remain after about a year.
The kicker: NO SALARY so you must put up your OWN capital but you keep the profits.
I don't mind the risk, but just wondering if its a chop-shop where I won't learn much or if it might be a good place to start a career in trading.
Really sketch from just their website: http://www.echotradeonline.com/risk-disclosures.php
"ECHOtrade has absolute authority: (i) to sell any and all securities and other property in any member's trading sub-account, (ii) to buy any or all securities and other property which may be short in such accounts, (iii) to adjust the positions in such accounts, (iv) to implement hedging or offsetting transactions to reduce risk in such accounts, in all such cases without demand for margin or capital or additional margin or capital, notice of sale or purchase, or other notice of any kind to the affected member or members, and (v) to transfer funds from the capital account of a Backer to the trading sub-account of a Backed Trader to cover losses incurred by the Backed Trader, without prior notice to the Backer."
I call chop shop
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