Earn2Trade Founder Charged With Fraud

Info about Helios is available to the general public you simply need to go to Wyoming Secretary of State website and look at the various filings under the history tab

https://wyobiz.wyo.gov/Business/Fil...161175226138093216184064128054183061068043204


traderjo said:
So ,$25,000.00 or $50,000.00 account. real money? or notional? so with a 25,000 a/c with your special relationship with FCM a trader should be able to Day trade say at least 25 ES contracts witha $1000 margin per ES and overnight perhaps 2 ( 12500 margin per ES?)
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traderjo said:
Yah sure to save their backside nto to look after the consumer!
Regulations are there so that if you take money from people under pretext of anything and then offer a financial product to trade then you need to be scrutinized teh tarders perhaps need to have passed SEC exams etc..

"provide service with understanding that 98% of your customers will fail." LOL if that is the motive then how is it good for general consumer..? I bet these companies don't say that their motive is to see 98% fail! OMG
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eternaldelight said:
yeah, nothing he asked about is in there but there is this gem...
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so while Earn2Trade while scrambling around trying to put the fire out by distancing themselves from Ryan, apparently Ryan was with Helios less than 2 weeks ago at minimum?

also Ryan's linkedin says he's no longer with Helios since July which was also mentioned by E2T here but seems like that was a lie?
 
canoe said:
this is absolute horseshit; how can you say that with a straight face when it's straight up a lie?

your "$25,000" account is literally just a $1,500 account. helios simply posts enough margin so that the $1,500 drawdown account has enough margin to trade 1-2 contracts. that's it.

i've always thought these funding companies advertising as if they're providing you with a $25k, $50k, $100k, or $150k account is straight up illegal. it's literally false advertising.
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It's literally not just a $1,500.00 account. It's not horseshit, it's not a straight up lie. If for whatever reason owing to technical errors or an errant spike in the market causes the limits to malfunction, then the trading firm must cover all of its losses. It's not a game. The trading firm is on the line for the losses, period.
 
clockwork71 said:
Yep, its all sub based profits. He may have well just said that himself. Occam's Razor dictates as such. These guys are in trouble, and they know it. It really doesn't matter if they are still owned by this parasite or not - this is a really, really bad look. This is the kind of thing that will come up in every search that a new piker looks at.

The Emperor has no clothes it seems. Can't wait for Top Step to be revealed as well.
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No, it's not great but we are confident that it will not affect the positive way we engage with our candidates, and provide an excellent opportunity for traders to become professional traders.
 
destriero said:
They are on the record massaging the truth here. Stating that Kojak hasn't been associated with the company "for a time" when it's been less than 60 days by the time the CFTC charged the guy. C'mon WTF is that? If that doesn't peak your interest then nothing will. What kind of BS is that? The dude's seat isn't cold. He was operating the Israeli binary option scam while running E2T/Helios which is not in dispute.

You spend a few hundred to pass their test. You're funded and constantly stressed about hitting their terminal risk. You have a bad day and you're defunded. You're paying 2.5 on full ES and micros as well!

OK, so $300 to get funded at a 80/20 profit split (or)

Open an AMP account with $2K and trade Micros at what, $0.5 per side and $50 per/intraday? I don't think they are going to let you trade a 40-lot micro order on $2K, but you'll have more leverage than E2T is offering and you'll eat 100% of what you kill and pay 1/5 of the comms.
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He was a shareholder in the company with a fractional shareholding for almost a year and a half, and his final shares were acquired a few months before this happened. The allegations at this point are allegations after all. We can do nothing to dispel them, refute them or support them. We do however reject the alleged activities. Earn2Trade has no connection with the allegations, and we stand by the statement we've already issued.

The concerns of the community are merited and we will do our best to restore any damaged trust. Earn2Trade is currently working with Helios, but will have other funding partners very shortly. We will do our utmost to maintain the confidence of those who believe in our model, and for those that don't we appreciate your opinions, but we believe we provide a great opportunity to aspiring traders and are proud of what we've accomplished.

Over the years we have taken many suggestions about how the funding process should change into consideration, and over time ineffective or unnecessary rules have been removed, the funding process has been streamlined, more platforms were integrated, and we've continued to offer first class multilingual live support throughout. We are proud of getting funding for over 500 candidates in the last six months alone. We are proud of the positive feedback about our support. We will continue in this positive direction to be the best sim to trading program in the market.
 
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I thought you had asked in another post who owned Helios

Nevertheless since Earn2Trade has said they refer people who passed the tryout to Helios then it makes sense that anyone considering taking the E2T gauntlet tryout or mini gauntlet tryout should research who the owners/managing members are of Helios as that is who you will end up dealing with in the end if you pass and get funded if E2T still refers you to them. If E2T starts referring traders who pass the tryout to other entities besides Helios in the future then the trader should research who owns and manages those new funding companies as well if it is a possibility that you will be funded by them upon passing.

Other companies in this business like Topstep and others -
SEE https://funded-trader.com/funders/
should step up and start disclosing more info as well to traders considering taking their challenges such as who are the funding companies they use if you pass with them. Or if they will not disclose that info then the trader can certainly take the non-disclosure into consideration before doing the tryout at all. Another good step would be the tryout companies or funding companies making available to traders (before taking the tryout) a copy of a sample funding agreement (not just a copy of a sample funding offer letter--but the actual funding agreement) that the funding company uses so traders can also see any fine print, disclaimers and other terms of the funding agreement.



traderjo said:
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traderjo said:
And how does answer my question StockTarder100K?
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traderjo - I think you will find that there is a downside argument to be made on all funding/tryout companies programs whether they are forex or futures based companies. There is no perfect solution currently being offered by anyone in my opinion. FTMO has many advantages over others but it is not a perfect funding solution either and FTMO would definitely be better if they offered futures trading/tryouts as well in addition to forex but they do not.

traderjo said:
Here is one concern about FTMO though they don;t seem to trade Exchange traded products but OTC products so with the "broker" is most likely market maker... so in long run if Most of FTMO funded traders keep winning the broker is not going to like it! have you considered that aspect
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