Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
NT brokerage which to use: Dorman Trading or Phillip Capital
based on the above link, here is a quick comparison table Dorman vs Phillip_Capital:
Date 6/30/2016
Adjusted Net Capital - Dorman:9,677,432 Phillip_Capital:33,730,018
Net Capital Requirement - Dorman:1,616,314 Phillip_Capital:14,629,827
Excess Net Capital - Dorman:8,061,118 Phillip_Capital:19,100,191
Customers Assets in Seg - Dorman:167,465,628 Phillip_Capital:234,982,638
Customers Seg Required 4d(a)(2) - Dorman:163,359,860 Phillip_Capital:213,044,391
Excess/Deficient Funds in Seg - Dorman:4,105,768 Phillip_Capital:21,938,247
Target Residual Interest in Seg - Dorman:2,000,000 Phillip_Capital:10,652,220
Funds in Separate Section 30.7 Accounts - Dorman:4,632,339 Phillip_Capital:11,657,323
Customer Amount Pt. 30 Required - Dorman:3,825,556 Phillip_Capital:6,302,048
Excess/Deficient Funds in Separate Section 30.7 Accounts - Dorman:806,783 Phillip_Capital:5,355,275
Target Residual Interest in Section 30.7 - Dorman:200,000 Phillip_Capital:315,102
I am in process of opening an NT account and am faced with the same choice. Earlier in the thread lax99 touched on fills, slippage and so forth. I have been unable to find anything here through a search for Phillip and wonder if anyone else using them and if so, how has the service been. Any other comments on Dorman would be welcome as well.