We have have so many different funding models cross our desk here at WCF...but had little success in having anyone actually prove that they perform or give references. Really, we want to believe!
When we ask for references or referrals we get answers like, "The platform doesn't need your client's business, so they'll just pass if they have to prove success or credentials." What kind of business model is that? Or, "At this level of banking, it's just not done, the money will be safe and protected in escrow."
Honestly, if no one can touch it in escrow, then how can it be of any use to the trader or platform? I would really like to know the answers to these questions. Personally, I have not seen another broker fund ANYTHING involving platform trading or actually close on a Bank Guarantee or Standby Letter of Credit that goes into some sort of cash-generating program.As a company, we have resolved to only work with funders that have cash on their books, and the only situation where we have engaged clients in the past have been proofed up by third parties... we know they are real. BUT, finding new ones is like stalking big foot.
I am reaching out to every reader of this blog to see if someone can come forward and prove and document that these types of fundings, in the present market, are real and do actually happen. Really, I want to believe, but cannot put a client blindly into a transaction that is unwilling to show any sort of success. Please feel free to call me with your success stories at 281-964-8037 or email me at brian@walkercf.com
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ReplyDeleteLe-Meridian Funding Service.
(60 Piccadilly, Mayfair, London W1J 0BH, UK) Email Contact Info...lfdsloans@lemeridianfds.com