Kershner Trading Group Review: All About Andy Kershner and His Prop Firm
Behind every firm, there is a person who is operating it. In this Kershner Trading Group review, we talk about Andy Kershner and his prop firm. A while back, the firm was regulated by the SEC, now they serve as a member of SIPC and FINRA.
Today the firm has two offices and serves traders all around the world. But is there more than meets the eye and is this prop company a reliable choice for traders? Keep reading our review to find out and make sure to check out Margex before you go.
About Kershner Trading Group
Kershner Trading Group LLC is a technology and trading private company that offers infrastructure, trading software, and capital to both algorithmic and manual traders. They offer Gr8trade, a unique platform for trading execution and analysis that gives traders access to market data, execution tools, and the ability to automate trading processes.
In addition, the business provides trade assistance, compliance, risk management, quantitative services, training, and education. In 2005, following the sale of Protrader to Instinet, the present company was established. Austin, Texas is the location of the Kershner Trading Group office. The company established a Shanghai, China, branch in 2012.
The website is badly designed, lacks information, and most of the sections are not clickable. It seems like minimal effort was given into the website and scammers are usually known not to spend time on things like a good-looking page. Keep reading our Kershner Trading Group review to learn more about this prop company.
Company Type | Prop Firm |
Legal name | Kershner Trading Group, LLC |
Regulation | Member of SIPC and FINRA |
Registered in | 1825 B Kramer Lane #200, Austin, Texas 78758, US |
Established | 2005 |
Website | www.kershnertrading.com |
Financial Authorities Warnings |
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Contacts |
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If a withdrawal is possible | Potential issues; |
Fees |
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If Active on Social Media: | No |
Investor Protection: | No |
Activity areas | United States, United Kingdom, India, Canada, Singapore; |
Main threats | No reviews; Poorly-designed website; Lack of transparency; |
Main perks | None; |
Legal Information
Prop firms are not required to be regulated, which is why most of them aren’t. However, choosing a regulated firm will ensure a level of security you won’t have with unregulated companies. Either way, whether or not regulation is required, it’s much appreciated, and it’s always better to trade with a regulated entity. ‘
Some time ago, Kershner Trading Group was a regulated business, unlike MilleniumOne. They had regulatory oversight from a reputable authority the SEC. Today, they present themselves as a member of FINRA, a self-regulatory organization, and SIPC.
Kershner Trading Group Features
The website of the company is not at all operational and it seems like wherever you click, the page is not accessible. That could indicate a potential scam and it’s vital to think in situations like this. From what we’ve gathered, Kershner Trading works like any other prop firm.
They are looking for experienced traders to offer them funding and a chance to start making profits. After you pass the evaluation phases, you get funded and start trading. There are no limits after that. The company doesn’t provide an instant funding account, so it’s vital to pass all evaluation challenges.
Prop firms are not brokers and instead of depositing your funds with a broker of your choice, you can trade with someone else’s funds and broker. That still carries a risk, especially if you choose an unreliable firm.
If you plan on investing in the Kershner Trading Group commodity trading, think again. The information about fees, challenges, leverage, spreads, or anything beneficial is hidden, indicating a huge lack of transparency.
Kershner Trading Group Reviews
For a company established in 2005, we expected to see at least a couple of hundred reviews, however, there are none. The only comments we could find were on Glassdoor and Google. There are a total of 33 comments about the firm on Glassdoor and the majority is positive. We were surprised to see that there are no Kershner Trading Group Reddit discussions either.
On Google, there are only 4 comments, giving the firm an overall score of 3.3 stars. One of the unfavorable comments complains about the firm and how he lost everything once he started using them. Instead of profits, you will increase your chances of losing money, according to one trader. Overall, the reviews don’t seem great at all and this prop firm is on thin ice.
Deposits and Withdrawal Methods
Depositing and withdrawing your funds is only possible through credit/debit cards. No other methods are accepted, which could appear inconvenient to some traders. However, if you look at the bright side, disputing a charge through your card is possible, so if you get scammed, you can report it to your bank and get your money back.
There are no fees mentioned regarding deposits and withdrawals and the entire process including the wait time is not presented. So, you as a trader, are expected to enter blindly into this firm’s operations, without knowing anything. Even the evaluation fee is not disclosed, so it’s better to choose a reliable prop firm such as Instant Funded Account.
Can I Make Money While Trading Online?
It may appear as if prop trading is not risky, however, some would say it’s even riskier than using a broker of your choice and your funds. With some prop firms, you can still use a broker of your choice, as long as you get funded and start. Either way, prop trading is risky and should be handled with caution.
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Instead of relying on shady brokers, it’s your time to shine and make decisions. And that’s not everything that our analysis bot offers. To find out more, reach out and book a consultation with one of our experts to see the true magic behind AI.F. After the 14-day trial we offer, your vision will change and we promise you won’t be able to get enough of it.
FAQ Section
What is Kershner Trading Group?
Kershner Trading Group LLC is a private technology and trading firm that provides cash, trading tools, and infrastructure to algorithmic and manual traders.
Is Kershner Trading Regulated?
Kershner is a member of SPIC and FINRA, however, they are not regulated by any financial authority. Sometime before, they were regulated by the SEC in the US.
What is Proprietary Trading?
When a financial firm or institution engages in proprietary trading, it means that it is using its capital to purchase and sell financial products, including stocks, bonds, commodities, or derivatives, to make money for the firm instead of for its clients.