Depositing your funds in the arcade's account - guarantee

Sheen

Member
67 0
When a trader places his trades through an arcade, he must deposit his own capital first in the arcade's account. How is that usually solved? Do you just have to deposit your funds into a normal bank account owned by the company which organises the arcade? Is it an escrow account? What guarantee is there that your funds will not be misappropriated?
 

wackypete2

Legendary member
10,229 2,055
When a trader places his trades through an arcade, he must deposit his own capital first in the arcade's account. How is that usually solved? Do you just have to deposit your funds into a normal bank account owned by the company which organises the arcade? Is it an escrow account? What guarantee is there that your funds will not be misappropriated?

You have been asking questions about prop trading/arcades for 4 years and you STILL don't know this??

Peter
 
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Sheen

Member
67 0
There's no guarantee and several brokers have misappropriated funds in the past couple of years.

Could you give some examples, please? Also, CME rules do not allow arcades to have member rates commission so how can they offer such low ratrs to traders?
 

pboyles

Legendary member
8,072 1,303
Could you give some examples, please? Also, CME rules do not allow arcades to have member rates commission so how can they offer such low ratrs to traders?

MF Global.
 

pitarcheo

Newbie
7 0
Can someone give me an example of such a place, anywhere will do. I have £15,000. A few monitors and access Trading technologies software is what i need.
 
 
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