DONT GO TO BULLMOOSE DERIVATIVES (FORMERLY KNOWN AS SOUTHEGG!!)
It's not a scam, but its extremely well set up in a way that its virtually impossible for you to make money unless your there for months on end. It can be done if your an excellent trader and can get 8/10 trades right but personally I wouldnt do it. Take the 3k and put it in your own account.
They give you crazy targets of 30 contracts a day (15 in 15 out) because they charge ridiculous commissions and its how they make their money. they offer 70% commission because they will make their profits from your trading. regardless of you being profitable or not. all they need you to do is click into a trade and theyre banking profits.
For a new trader 30 contracts a day is extrememly stupid, someone who have never traded, doesnt understand the markets and psychology involved is pressured to work and reach crazy targets.
I wouldnt recommend it. they do train you, but its basic, things you can find on baby pips, and they offer some support. but the MD doesnt seem to have a clue, there are two decent guys there but theyre now under pressure from the MD to make people reach targets so theyre attitudes are turning left. The MD is a salesman and sells dreams. Offering you a "Great Oppotunity" that might not be around for long. theyre forever taking on new people. its a numbers game. i left a month ago and went back to collect my things, within 24hours my acct was closed and had someone in my seat :/
dont be fooled guys. honestly, take your money and put it in your own account, trade the style that suits you. they want you to scalp with low stop losses and high volume. if your a long term swing trader dont do it. I know people there that are scalpers and are also stuggling.
No-one is profitable at the company. it is a marathon not a sprint, and its good for the mindset, getting discipline etc. but unless you have thousands of pounds saved and can afford to go for the big account with no requirements. I'd trade at home. Its you money you loose not theres. any losses you incur come out of your bond. dont be fooled. i was led to believe its your money after your daily draw down, its not its, you money from the word go. once your money is gone, your gone (or you can put another 3k in)
Its a numbers game for them. minimal support, theyre covered, they will never loose. dont do it.