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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: [email protected]
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
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!"
I know this is a sensitive time, but we can’t 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 Goldman is below some retail firms...this is outdated and inaccurate in my honest opinion.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. It’s 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 don’t 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.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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.