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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?


To: Lucky Charm who wrote (37843)6/11/1999 1:55:00 PM
From: ColleenB  Read Replies (1) | Respond to of 43774
 
All monies paid for the training class are refunded on a per trade basis.... hence the more you trade, the training class eventually becomes FREE..... I guess it's all in the way you want to look at it.

Yes, that's quite a lure the company uses, but that is not what was touted in the post I responded to. The difference is a reimbursement process, one reserved for paying customers. People the company can bank on for payments. The company charges a $300/month account maintenance fee from it's customers where as the seminars provide no income to the company. And wasn't that money refunded to the customers at a rate of $2/trade? At that rate, it will take some time to recoup from the fee they paid for the training course, even for active traders.

I don't recall anything refunding/rebating ever being mentioned by any other online trading company that is doing this

Have you looked into the fees for other trading rooms? All Tech's right up the street from IT's office.