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Atlas Ratings on FCMs
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Atlas Ratings on FCMs

  #21 (permalink)
Elite Member
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vvhg's Avatar
 
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Big Mike View Post
...
You can't buy the report right now. With all this new press, you would think they would be wanting to sell the reports. But it seems they instead made a decision to take the reports down...

Mike

I wonder why...
Honi soit qui mal y pense.

vvhg

Hic Rhodos, hic salta.
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  #22 (permalink)
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ondafringe View Post
Just found the Top 50 ranked by Futures Magazine in late 2010:

MF Global: #8
RCG: #17
IB: #20
PFGBest: #26
Vision Financial: #29

I realize that rankings/ratings aren't definitive, given MF Global being in Top 10 less than two years ago, and anything can happen. Just thought it was interesting.

I'd post the link, but....

@ondafringe

Top 50 ranked by Futures Magazine 2011 List

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Atlas Ratings on FCMs-top50_2011.pdf  
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  #23 (permalink)
Site Administrator
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Atlas Ratings is a brand new company, only days old.

Whois query for atlasratings.com...

Results returned from whois.internic.net:


Whois Server Version 2.0

Domain names in the .com and .net domains can now be registered
with many different competing registrars. Go to InterNIC | The Internet's Network Information Center
for detailed information.

Domain Name: ATLASRATINGS.COM
Registrar: FASTDOMAIN, INC.
Whois Server: whois.fastdomain.com
Referral URL: http://www.fastdomain.com
Name Server: NS1.BLUEHOST.COM
Name Server: NS2.BLUEHOST.COM
Status: clientTransferProhibited
Updated Date: 28-may-2012
Creation Date: 28-may-2012
Expiration Date: 28-may-2013

>>> Last update of whois database: Sat, 14 Jul 2012 19:28:58 UTC <<<

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  #24 (permalink)
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They also do not list a physical address or a phone number anywhere on their website.

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.

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  #25 (permalink)
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Albuquerque, NM, USA
 
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I think I can find more info on Atlas Ratings, but need to get this fifth post out of the way first so I can post links!!!!!!

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  #26 (permalink)
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More info on Atlas Ratings Ownership

=-=-=-=

Registrar: FastDomain Inc.
Provider Name....: BlueHost.Com
Provider Whois...: whois.bluehost.com
Provider Homepage: Web Hosting, Domain Names, eCommerce - Bluehost.com

Domain Name: ATLASRATINGS.COM

Created on..............: 2012-05-28 19:05:06 GMT
Expires on..............: 2013-05-28 19:05:06 GMT
Last modified on........: 2012-07-13 17:19:38 GMT

Registrant Info: (FAST-18625937)

Andrew McCormick
P.O. Box 30714
Seattle, Washington 98113
United States
Phone: +1.2069204788
Fax..:
Email: info@Atlasratings.com
Last modified: 2012-07-13 15:11:48 GMT

Administrative Info: (FAST-18625938)
MKC Global Investments
Andrew McCormick
P.O. Box 30714
Seattle, Washington 98113
United States
Phone: +1.2069204788
Fax..:
Email: info@mkcglobal.com
Last modified: 2012-07-13 15:08:15 GMT

Technical Info: (FAST-12785240)
Bluehost.com
Bluehost Inc
1958 South 950 East
Provo, Utah 84606
United States
Phone: +1.8017659400
Fax..: +1.8017651992
Email: whois@bluehost.com
Last modified: 2012-06-11 18:50:50 GMT

Status: Locked

Domain servers in listed order:

NS1.BLUEHOST.COM
NS2.BLUEHOST.COM
=-=-=-=



Here is MKC Global
MKC Global Investments - An Absolute Return CPO


Here is Andrew McCormick on LinkedIn:
Andrew McCormick | LinkedIn

Andrew Mccormick - Greater Seattle Area profiles | LinkedIn



I'll let you folks take it from here.

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  #27 (permalink)
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MKC Global registered with the NFA Oct-2011

From the MKC Global website....


MKC Global Investments, LLC is a Commodity Trading Advisor (CTA) and a Commodity Pool Operator (CPO). We operate with the primary purpose of generating absolute returns for our investors and limited partners. We serve the alternative investment needs of institutions as well as high-net-worth individuals. The company is based in Seattle, Washington.

Andrew McCormick, the principal of MKC Global Investments is the single largest investor in the MKC Global
Fund. He holds over 90% of his personal assets in the fund, ensuring the interests of all investors are directly in
line with those of management and MKC Global Investments, LLC.

But there is no information about their track record.... none.

Appears to be a one man band. Perhaps he started Atlas to raise money.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #28 (permalink)
Market Wizard
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ondafringe View Post
Looking for a futures broker and wonder whether the ratings from Atlas are valid?

I really like what I read about Matt and his team at Optimus, but Vision Financial is rated #50 by Atlas. That seems to be only marginally better than PFGBest/Peregrine Financial, which was rated #41, now busted for fraud.

Plus, did a BASIC search at NFA on Vision Financial and found ten regulatory actions and fines against them for general conduct, record keeping, trade practice, and sales practice. Not being too savvy about the regulatory stuff, it may well be that these types of actions are typical within the industry.

Seems reasonable to be concerned about Vision, but don't want to rely too heavily on the Atlas Ratings without knowing more about them... and don't want to give undue weight to the NFA info without knowing more about that process.

Would appreciate opinions from others who are more knowledgeable in this area.

I'd post the link to the BASIC search results on Vision, as well as the Atlas Ratings, but haven't made the requisite five posts yet, so not allowed to post links.



I know this is a sensitive time, but we canít go to the extreme where we have lost faith in every single FCM and judge it by some unknown outfit.

This Atlas report came out of nowhere, I never heard of them before and all of a sudden they became the authority as to what FCMs rank in many blogs and forums.
They rank Xpresstrade at the 66th place while it was bought out by OptionsXpress years ago. Goldman is below some retail firms...this is outdated and inaccurate in my honest opinion.

As for my clearer:

Vision is a clearing member of the CME CBOT ICE and CBOE, PFG was not a clearing member so it was a non clearing FCM.

Vision holds its funds at Harris Trust (Not a bank with prop desks to the best of my knowledge. This is a Canadian affiliate of BMO (Bank of Montreal)

I worked for Vision. I was in the same office with the owners and I did not see them flying around in jets, buying buildings for 18 million dollars, have restaurants and use an accounting firm in someone's basement.

Most FCMs that have been around for the long time has some sort of a disciplinary record. They pay they price for irresponsible individuals, introducing brokers, CTAs, CPOs, etc with fines, disciplinary actions, etc. FCMs in the foreseeable futures will reduce the number of their IBs because of this.

Any FCM can go out of business. Itís always net profit minus expenses, so if you spend more you go out. But, the question is how many FCMs owners would decide to tap into customer funds, cheat, mislead regulators and keep doing that for 20 years? Like he said in his own confession, he made a decision to cheat instead of just staring over.

I know that most retail guys donít get to know who is in control of the FCMs, but maybe I can have some credibility because I avoided Refco, MF Global, and PFG ONLY because of the people who ran it.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #29 (permalink)
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elitetrader thread on AMP and atlas ratings:
Forums - "AMP's response to recent news concerning alleged improprieties at PFG"

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  #30 (permalink)
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Italy
 
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Atlas ratings has released its report before the bankruptcy of PFG. This is a factor to consider. It is unfair to undermine the credibility of the Atlas. What they have posted seems to be correct. The most famous discount brokers are in the bottom of the list. Can IB and FCM have still a good profit from 0.95$ (or less) per side before tax ? Can other FCM act as PFG ? I mean fraud customers simply using photoshop and without any serious government control ? I don't trust anymore. From my point of view, starting tomorrow I will ask periodically the financial statements on paper and original signature. A stupid pdf is no longer enough. If my FCM reject I will close the account. I can trade by my individual swiss bank account, most expensive but safe.

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