T3 Trading Group Reviews

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Rating: 3.4/5 (48 votes cast)

T3 Trading Group, LLC (T3) is a CBSX registered broker/dealer whose proprietary traders focus on intraday momentum, swing, and technical trading of US equity markets. T3, based in downtown New York City, specializes in the development of both new and experienced traders from around the United States.

WEB: http://www.t3live.com

Phone: 646-454-3597

1 State Street Plaza, 10th FL
New York, NY 10004

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Rating: 3.4/5 (48 votes cast)
T3 Trading Group Reviews, 3.4 out of 5 based on 48 ratings

8 Responses to “T3 Trading Group Reviews”

  1. anothony says:

    most of their $$ is spent on their marketing which works really well. I paid for their chat. They put up their good trades and leave the bad ones out. You don’t get anything here that you won’t get at another firm. Their rates were insane the last time I checked, which can be attributed to their recent CBSX broker-dealer registration. You’ll get the same out of pretty much any room in the market.

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  2. mark says:

    they offer a nice free 30 day online course. it got me interested in their training programs and for the quoted $2600, I might sign up. of course, you should do your due diligence and find a firm you are comfortable with. t3 seems like they’ve invested a lot of time and effort into their training courses.

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  3. Michael says:

    Read the T3 Trading Group Annual Report before you apply for a job as a proprietary trader. In 2012, 99.89 percent of T3 Trading Group’s revenues came from the trading fees T3 charges its proprietary traders. Only 0.106 percent of T3 Trading Group’s revenues came from their share of the profits its traders made. T3 charges its traders for every share they trade. Traders are discouraged from trading a low number of shares per trade even if their trades lose a lot of money and even if they are placing the same number of trades.

    The manager’s free training classes were vague. The manager’s free training materials were skimpy. T3 Trading Group sells a lot of training products. One year ago, the training products were a lot more expensive. I never paid for any of the company’s training products.

    The T3 Trading Group Annual Reports can be downloaded from Edgar on the SEC website. The Annual Report is Form X-17A-5. The “Statement of Operation” (Income Statement) is interesting. The website address is: (www.sec.gov/edgar/searchedgar/companysearch.html).

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    • jim says:

      Michael, not sure where you got your other info, but the revenue breakdown you cited is not supported by the SEC filing. It would be quite a feat to generate $15mm from trading fees and virtually $0 from gains and still be in business.

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      • Michael says:

        An annual report audited by an accounting firm that is filed with the Securities and Exchange Commission is more accurate than your lie. Everyone can go to the SEC website to download and read the T3 Annual Reports.

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        • jim says:

          Michael, I have nothing to do with T3. Says a lot about you that you respond to a pretty innocuous comment by calling a stranger a liar. What I saw on the SEC site had two line items for revenue. The first line was Gains from Trading and totaled $15mm+. The second line was Commissions and totaled $16k. I was simply pointing out that your interpretation is not supported by the documents you cited.

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      • Michael says:

        People should also read the other T3 Trading Group reviews on the other websites. Many reviews talk about the high turnover and about how almost no one makes any money trading. T3 makes a 50% gross profit on the trading fees T3 charges its proprietary traders. Where are T3 Trading Group’s revenues coming from if almost no one is a profitable trader?

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  4. mannyA says:

    ‘michael’, turnover rate is industry wide, it sounds like your short comings as a trader are your fault, and not commissions or fee’s which seem to be the basis of your complaint. I just wonder what would you say in 1999 when fees were in the dollars, not pennies. That being said, a broker-dealer’s income source does come from commission’s, but show me one broker that doesn’t charge commissions, can you? To say that nobody is profitable is laughable and further discredits your meager attempt to give this company a bad name. Seems like you just failed miserably and looking for others to blame for your own short comings. In my experience t3 is very competitive in regard to fees and commissions and are always on time when it comes to paying the traders that do make money.

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