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  • #2,821
  • Aug 6, 2021 8:01pm Aug 6, 2021 8:01pm
Quoting Takisd
{quote} The thing that bothers me about FT is the threats. Clearly they threatened him, I know they threatened me. So who else did they threaten? How many people gave in to the threats? Other than bullshit market conditions, a slow ass feed and lying to court what else did they do? To how many people? I wonder how many people have taken it as far as contacting the regulator and I wonder what impact this will have on prop firms, I suspect that regulation is coming and this model will shift offshore or something. Buckle up folks, its going to be quite...
Exactly why I've been trying to encourage everyone to stay away from the shady firms. If nobody uses them, there are no complaints, there is, of course, also no business and they just go away. I'm pretty confident the companies I use either a) already have this scenario covered or b) have a plan in place to react quickly. As a US trader, regulation is pretty much what steered me towards looking the prop firm route in the first place. Man will it piss me off it something else gets pulled from under me by regulation, especially, if it's simply due to a few bad firms that should've been stayed away from in the first place. MFF pays, FTMO pays, the 5%ers pay, there is no need to be looking for the holy grail, with 1% more DD or $100 less fee or 2% higher split. As Mastermind stated, the fee is refunded anyway, shouldn't be a huge factor in choosing a firm. If you can trade, simply choose the proven firms with the proven payouts. There are enough of us here to confirm who to use and who not to. As far as the new ones coming up, simply ask Takisd to run a feed test, he will let you know if they are legit.

As far as FT, if your using them , just STOP. Take the L. I think they have given enough indicators now to confirm they are a scam....

1. Only paying a certain % and deferring to the next pay period
2. Takisd EA experiment on their fake feed, where he made millions in just hours
3. Their "LPs" pulling indices, metals, etc
4. Their numerous payout denials

If nobody feeds the machine, the machine will simply stop working.
  • #2,822
  • Aug 6, 2021 8:29pm Aug 6, 2021 8:29pm
Quoting pipmaster77
{quote} Exactly why I've been trying to encourage everyone to stay away from the shady firms. If nobody uses them, there are no complaints, there is, of course, also no business and they just go away. I'm pretty confident the companies I use either a) already have this scenario covered or b) have a plan in place to react quickly. As a US trader, regulation is pretty much what steered me towards looking the prop firm route in the first place. Man will it piss me off it something else gets pulled from under me by regulation, especially, if it's simply...

I follow a podcast which is pretty much above board considering the vast majority are scammers.
For a while they were also emphasising FT.
I noticed recently that FT had been removed as a recommendation so can only assume they have been informed that FT is a potential scam outfit.
FTMO do pay out, I’ve been paid.
  • #2,823
  • Aug 6, 2021 9:30pm Aug 6, 2021 9:30pm
Quoting Takisd
{quote} Mine was about 38 hours for all of them. Phase 2 was faster apart from the disputed one, which I am still waiting for and will never get because of the fine print. Thefundedtrader took 4 days xD
US 30 probably high reached for a pull back in hourly/30 min chart.

Watchout on Monday
Intraday only.
  • #2,824
  • Aug 6, 2021 9:47pm Aug 6, 2021 9:47pm
Quoting navk
{quote} US 30 probably high reached for a pull back in hourly/30 min chart. Watchout on Monday
Maybe, I think its northbound for the month but not sure when/how until I watch the market
  • #2,825
  • Aug 6, 2021 11:36pm Aug 6, 2021 11:36pm
Quoting Takisd
https://www.forexpeacearmy.com/commu...rm-scam.70762/ xD
This is gold. If I were that guy I'd report them to the regulator in Nova Scotia to see what happens, albeit Canadian regulatory agencies can be awfully slow to act. Given that FT have stated to authorities that it's all just simulation then they don't really have a line of defence when it comes to not paying this guy out because if that's the case then he hasn't done anything wrong. In theory, if you're not breaking any drawdown rules then there's no reason to deny you your share of the profits, unless the operation is a scam.
  • #2,826
  • Aug 7, 2021 1:13am Aug 7, 2021 1:13am
Just signed up for the MFF 20K Challenge. Time for a test drive.

PS. Jessica, I still love you. Brutalizing innocent victims and not paying your debts is super sexy.
Pride always comes before destruction.... -Proverbs 16:18
  • #2,827
  • Aug 7, 2021 1:44am Aug 7, 2021 1:44am
Quoting navk
{quote} US 30 probably high reached for a pull back in hourly/30 min chart. Watchout on Monday
Dow Potential BO northside at Asian session, NYO held strongly thorought the session yesterday. Let's see.
Gold offered some nice short setups yesterday. Bagged few %%s on MFF evoluation account.
on a postive roll...
  • #2,828
  • Aug 7, 2021 5:29am Aug 7, 2021 5:29am
Quoting pipmaster77
{quote} Exactly why I've been trying to encourage everyone to stay away from the shady firms. If nobody uses them, there are no complaints, there is, of course, also no business and they just go away. I'm pretty confident the companies I use either a) already have this scenario covered or b) have a plan in place to react quickly. As a US trader, regulation is pretty much what steered me towards looking the prop firm route in the first place. Man will it piss me off it something else gets pulled from under me by regulation, especially, if it's simply...
Great post.

Enough information now to keep clear of this FT 'firm'.

Traders be careful.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,829
  • Aug 7, 2021 11:14am Aug 7, 2021 11:14am
Quoting EnoFX
{quote} This is gold. If I were that guy I'd report them to the regulator in Nova Scotia to see what happens, albeit Canadian regulatory agencies can be awfully slow to act. Given that FT have stated to authorities that it's all just simulation then they don't really have a line of defence when it comes to not paying this guy out because if that's the case then he hasn't done anything wrong. In theory, if you're not breaking any drawdown rules then there's no reason to deny you your share of the profits, unless the operation is a scam.

A few people have spoken to the lead investigator person who took them to court before. I think that the regulator wants their head too based on the conversations I've been having. I wouldn't be surprise if action is taken very soon. Its one thing to have a regulator work against you, its another to piss them off. My instinct tells me that during the previous case the sociopath managed to piss off the regulator and they are actively looking to take them out.

I sit on the side lines with the popcorn.
  • #2,830
  • Aug 7, 2021 11:14am Aug 7, 2021 11:14am
Quoting Expo33
Just signed up for the MFF 20K Challenge. Time for a test drive. PS. Jessica, I still love you. Brutalizing innocent victims and not paying your debts is super sexy.
ahahahaha
  • #2,831
  • Aug 7, 2021 11:26am Aug 7, 2021 11:26am
Quoting Expo33
Just signed up for the MFF 20K Challenge. Time for a test drive. PS. Jessica, I still love you. Brutalizing innocent victims and not paying your debts is super sexy.
Lmao That's the spirit!
  • #2,832
  • Aug 7, 2021 11:51am Aug 7, 2021 11:51am
Anyone who imagines that Funding Talent might be a legitimate company, but is open to the possibility that that belief may be a mistaken one, might find this "testimonial" interesting reading - especially if they research it a little further to verify that it checks out.
  • #2,833
  • Aug 7, 2021 12:05pm Aug 7, 2021 12:05pm
Quoting Takisd
{quote} A few people have spoken to the lead investigator person who took them to court before. I think that the regulator wants their head too based on the conversations I've been having. I wouldn't be surprise if action is taken very soon. Its one thing to have a regulator work against you, its another to piss them off. My instinct tells me that during the previous case the sociopath managed to piss off the regulator and they are actively looking to take them out. I sit on the side lines with the popcorn.
IMO some regulation will be introduced sooner or later on this kind of business across EU/US.
Luckily enough, regulators are often lazy, so who knows how long it takes. Enjoy your profit splits until then.
  • #2,834
  • Aug 7, 2021 1:51pm Aug 7, 2021 1:51pm
Quoting KarlKraus
Anyone who imagines that Funding Talent might be a legitimate company, but is open to the possibility that that belief may be a mistaken one, might find this "testimonial" interesting reading - especially if they research it a little further to verify that it checks out.
for myself, I have til Sept 27 to dispute my PayPal transaction with FT, and will wait and see how it plays out, with bots on autopilot, mostly . They have shown both glimpses of promise and serious cause for concern to date, especially after reading the FPA complaint. The PayPal dispute should be a no-brainer if I pursue it, due to the ever-changing less and less favourable trading conditions. If they can straighten up and fly right, which looks very doubtful now, I'll stick with em.

Meanwhile, Lux ticks along. I am down near the 4% max loss, so only most reliable bot on US30, on small size, at present, plus manual trades on US30, til account turns around. They have dropped BTC as an instrument with the move to Global Prime, and don't plan on reviving it. So that sucks.

I suppose FTMO and MFF are next...
  • #2,835
  • Aug 7, 2021 2:04pm Aug 7, 2021 2:04pm
Quoting KarlKraus
Anyone who imagines that Funding Talent might be a legitimate company, but is open to the possibility that that belief may be a mistaken one, might find this "testimonial" interesting reading - especially if they research it a little further to verify that it checks out.
You're late to the party. Post # 2818 already has the link posted for this review.

PS. Jessica honey you can always take advantage of our new open border policy here in what used to be known as the USA. I won't let them extradite you back to Canada. I take my assistant director of happiness position very seriously.
Pride always comes before destruction.... -Proverbs 16:18
  • #2,836
  • Aug 8, 2021 10:40am Aug 8, 2021 10:40am
On a sunday, this time i tried BTC/USD to trade.

I took exactly 32 minutes to meet the target.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 34 KB
Click to Enlarge Name: FTMO MetaTrader 4.png Size: 207 KB
Intraday only.
  • #2,837
  • Aug 8, 2021 11:19am Aug 8, 2021 11:19am
damn, you are trading 5m TF on Bitcoin, on FTMO, with those huge spreads...
well...free trial is king..
  • #2,838
  • Aug 8, 2021 11:21am Aug 8, 2021 11:21am
Quoting bradu
damn, you are trading 5m TF on Bitcoin, on FTMO, with those huge spreads... well...free trial is king..
whatever is the TF.... for me unimportant.

For me, the risk level..I identify very correctly.

Now, another set of long trades I took with stop loss and TP set.

Let us see.
Intraday only.
  • #2,839
  • Aug 8, 2021 5:13pm Aug 8, 2021 5:13pm
Quoting navk
{quote} whatever is the TF.... for me unimportant. For me, the risk level..I identify very correctly. Now, another set of long trades I took with stop loss and TP set. Let us see.
Well, consuming nearly 25% of your allowed total DD in just a few minutes seems anything but a correct risk level to me
Money is made by sitting, not trading
  • #2,840
  • Aug 8, 2021 5:47pm Aug 8, 2021 5:47pm
Still trading on my Funding Talent "elite" (sounds impressive) account. I forgot that you can't trade Bitcoin for now and opened a trade for Bitcoin and the fake platform feed opened a trade for USD/CHF instead. Seems realistic
Pride always comes before destruction.... -Proverbs 16:18
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