Although I'm not a huge fan of TST, (they have improved since I first posted here), the economics in comparing them to MES easily comes out in favor of TST, with one proviso; namely, you have a proven consistent trading edge and refrain from getting addicted to paying for combines if you don't. If you pay for and pass one combine, get funded you now receive a 100% payout on the first $5K of profits and then 80% thereafter. You don't need a PhD. in mathematics to understand that deal is better than a 50% payout from MES.
I don't know why TST made improvements to their business model, but having some competition must have played a role in their decision. All in all, it's good for the profitable trader who wants to have no risk with his capital.
Seems to be a lot of support for MES since Emmett re-reviewed them per Cloudy's post. While MES seems rough around the edges, it seems that anyone involved with them, from what I can tell, has had positive experiences. As Zxeses continued to point out, THEY HAVE NO FEEs so you are not risking anything! They have to spend the time with you, they pay your data fees etc, and you get to give it a go with nothing ($$) from you. Yes, their splits are lower, but you have NOTHING to lose. Hello?
I don't know about you guys, but if I am interested in trading with OPM, and they aren't asking me for ANY MONEY, I don't know why anyone that is interested in this sort of thing wouldn't give them a shot. What is there to lose?
No I am not a shill for them. I am not even interested in this sort of thing. I just like to hear that there are legit situations out there that in your worst case scenario, you lose NOTHING but your time. That is virtually unheard of. Right or wrong??
The guy did screw up in his attempts to market himself. I admit that. Emmett had a hard time in his first review with them also... I get that. They aren't the most polished or professional company around...
Emmett from tradingschools is an ex-con... I get it... If you really, really read how Emmett writes, I think he is doing a good thing over there with what he is trying to do. Perhaps it is a bit much for one guy and a small staff to handle, but you have to start somewhere. I don't think for a minute he is getting paid for reviews. He seems to let all the comments post and no one out there is saying he is not doing so. I truly believe, this is a rare instance where the guy is reformed and trying to help honest vendors benefit and struggling traders trying to find real help in the jungle of the scammers that proliferate this business.
Yes this is a negative business with very few shining stars... No question about that. But too many are so quick to jump on the negative bandwagon. If a long timer on this site, Futures.i.o, is putting a cogent comment together, it is not a bad thing to give him/her a little bit of the benefit of the doubt, especially if the opportunity does not cost you anything... Just my 2 cents
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There's a clearly far superior alternative available. Many members here have explained why they wouldn't. But ultimately, if you don't understand their explanations of "why they wouldn't give them a shot", then you don't.
That's one way of putting it.
Another way would be to say that he was repeatedly dishonest and deceptive.
There isn't any "doubt". The owner of MES was repeatedly dishonest and deceptive. What's difficult to understand, there?
So people "comparing" MES and TST (lol) have to compare someone who was repeatedly dishonest and pays 50% with a longstanding, successful business which pays 80%, has funded many members of this forum successfully, and is run by named, real, responsive, ethical people with real addresses, phone numbers, and not concealed identities.
So, let me see: do I want to do business with and depend for my income on someone who was repeatedly dishonest and deceptive?
How clear can it be? I imagine that for most people here that's a pretty easy decision.
Last edited by Tymbeline; April 2nd, 2016 at 11:19 AM.
For me, given all of the work done as far as due diligence on both Top Step and MES, neither of these groups are without issues. That is obvious. Depending on the person judging morality, if that is in fact a major determinant of making a decision, perhaps TopStep is "superior". It depends on the person making the judgement.
If the general rule of business holds true that everything in business is in fact negotiable, and there is no doubt that this does hold true in most cases, I would choose MES because they want NOTHING from me and most people in most cases, I would suspect, will not pass the tests to get funded initially. I can't imagine that I not the truth. Now, if I get in, and I do well, I feel confident I can negotiate my split I would suspect and if not, I can take my talents elsewhere.
I would suspect a great deal of people would feel the same as I and therefore the decision is far from clear cut.
Exactly why I asked. I agree with you. I personally don't see what is superior about the 'other' company. MES charges nothing at any step. You don't even have to pay your own feed or $85 for professional status once funded as far as I know. And no doubt if you are doing well the split can be negotiated. So one costs me money in addition to what I make, there are kind of restrictive rules such as an increasing max loss level, etc, and the other costs me nothing and no weird rules...hmmmm....which should I go with?
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