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PFGBest Accounts Frozen (PFG scandal big thread)
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PFGBest Accounts Frozen (PFG scandal big thread)

  #181 (permalink)
Elite Member
desert CA
 
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Hey TMFT, right. TOS platform is separate from NT.

However, TDAmeritrade's feed works with NT currently. So in this case one could get both. I haven't been able to do it personally. Because my old TOS account (pre- TDA merger) doesn't work with NT. I called TOS tech support and they told me I had to start a new TDAmeritrade account in order to have it work with NT

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Last edited by Cloudy; July 10th, 2012 at 03:49 PM.
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  #182 (permalink)
Elite Member
Arvada, Colorado
 
Futures Experience: Advanced
Platform: Amibroker / Ninja Trader / TOS
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I just spoke to one of Woodies moderators about an hour ago. Woodies chatroom is burning up with comments. Woodie hasn't come up with anything as far as recommending another broker. Woodies broker, PFG Neil (Neal?) used the ID of "PFG Neal" but today I was told it is just "Neal." When Woodie went to the paid version of his chatroom many of his followers dropped off...at $300 a pop ($200 to lease the Woodie Bars and $100 for the chatroom) that's when PFG stopped sponsoring the room but they were still the "favored" brokerage. I also heard that today Woodie was introducing a new "Woodie" bar called NADAX bars. ?? Wonder what that's all about. Maybe hybrid or JAM renkos. I haven't seen them.




aligator View Post
A victim of this whole PFG mess is certainly Woodie's CCI Room, the proud inventor and leaser of Woodie Bars, better known as Median Renko bars. The room was sponsored by PFG and the majority of the members that ever crossed path with Woodie's room had accounts with PFG, including all the cheer leading moderators that praised PFG non-stop. I can only guess that this room was responsible for signing up many hundreds of members with PFG (although maybe for a short time before they blew their accounts).

Will see if the room is attended by members tomorrow. The sad thing is many of the members donated to MAWF, which was a charity of choice for PFG, now I wonder about that too.

Poor guy, how many times can you go broke trading for 37 years and still survive. Got to give it to him.


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  #183 (permalink)
Elite Member
Arvada, Colorado
 
Futures Experience: Advanced
Platform: Amibroker / Ninja Trader / TOS
Broker/Data: Mirus Zenfire
Favorite Futures: TF 6E NQ
 
Posts: 194 since May 2010
Thanks: 259 given, 187 received


TDAmeritrade/TOS offers futures and forex but the problem is that their margin requirements are much higher than most other brokerages and that means you have to carry a higher account balance.....more at risk if they have a problem.


ThatManFromTexas View Post
@Cloudy

I know... but I was looking at commonly mentioned firms on futures.io (formerly BMT) that included Ninja Trader or Sierra Charts in their platforms... since a large number of futures.io (formerly BMT) members use those platforms...


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  #184 (permalink)
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Austin, TX
 
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brevco View Post
TDAmeritrade/TOS offers futures and forex but the problem is that their margin requirements are much higher than most other brokerages and that means you have to carry a higher account balance.....more at risk if they have a problem.

Plus their feed is not fast or robust enough to day trade futures. If taking long term positions works fine but not for intra day stuff.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #185 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
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brevco View Post
TDAmeritrade/TOS offers futures and forex but the problem is that their margin requirements are much higher than most other brokerages and that means you have to carry a higher account balance.....more at risk if they have a problem.

Yes, that's why I started with NT and Mirus since back then futures&forex on TOS pre-merger was lagging and their requirements and fees has always been higher. However, heard that it can be negotiated down for futures. Since the TDA merger and upgrades, currently TOS speed has been greatly improved on their DOM trading. I compared NT/Zenfire and TOS DOM and didn't find any difference in slippage now. Time and sales look exactly the same. Plus for forex, there is the option to use commission based trading instead of by spread. Don't know if it means anything anymore but possibly the higher requirements and fees could mean greater security and oversight at TDAmeritrade.

Maybe someone who's using TDAmeritrade with NT7 daytrading futures could comment..


Last edited by Cloudy; July 10th, 2012 at 04:12 PM.
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  #186 (permalink)
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First MFG(lobal), Now PFG: Who Is Next? | ZeroHedge

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  #187 (permalink)
Site Administrator
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kevinkdog View Post
I know I am new here, and many of you do not know me, but I will be on Fox Business Channel's Closing Bell with Liz Claman" at 3 PM EDT today, to give perspective from a PFG account holder.

I figure if it helps people, even a little bit, get their money back, it is worth my time.

Kevin

How did it go? I don't watch TV.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #188 (permalink)
Elite Member
Houston, Texas USA
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts, TradeStation, NeuroShell, AmiBroker
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harvester's Avatar
 
Posts: 30 since Mar 2011
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PFG Account

I'm coming a little late to this thread, but wanted to share what I know about the situation. The first thing I should mention is that I closed my PFG account last February and opened an IB account to trade futures on MultiCharts. It's looking like that was a timely move.

I had originally setup my account up with PFGBest as part of their relationship with NeuroShell. They had a free autotrading interface on an API that PFG provided. I ended up doing a whole lot of work to get this setup, and actually re-wrote their entire help file and documentation on using this setup. The API was very clunky, and over time I more or less gave up on it. NeuroShell can also autotrade on IB, but you have to pay $70 a month to some guy who wrote an interface to them. The only difference was it worked, and the PFG thing didn't.

So I had funds sitting there in PFG for quite a while doing nothing, until I pulled the trigger and moved it. The sales person at PFG was a little disappointed, and left the door open for my return (i.e. I have an open account, but $0 deposited). I just spoke with my sales person at PFG, and he is in shock. He knew the CEO almost on a personal level and said his world is now turned upside-down. He was officially laid off as of yesterday, and said the entire company is now in receivership. I asked him what he was going to now - his response: "I think I'm finished with the futures business". This is coming from someone who I think is a genuine person with a great character. He went on to say: "After this, who can you trust?"

-harvester

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  #189 (permalink)
Elite Member
Des Moines, Iowa
 
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Big Mike View Post
How did it go? I don't watch TV.

Mike

i watched! kevdog the man!

sorry to make light of the situation you guys are in.. i mean you did well on tv..

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
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  #190 (permalink)
Site Administrator
Manta, Ecuador
 
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madLyfe View Post
i watched! kevdog the man!

If there is a video, I'd like to check it out.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote

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