Earn2Trade Founder Charged With Fraud

movingaverage said:
They say they have 40% off but they say will still charge you the 300$ something whatever that is not the point i am trying to make... hahaha their 100k account which is actually 3500$ lets you trade up to 12 contracts.... hahaha and its all demo account. I have lost 3500$ with just one contract on crude before. It's a rouse to let newbies fall for it. Even one contract is too much for a 3500$ account. Go open a demo account and trade for years. Dont pay some company money for what you can do for free. Demo trade for years, go to work, work hard. When you see your demo account consistently rising.. then just open an account with a futures broker or one of these combine companies.
More...
Agree with your overall comments but confused about this bit...!
then just open an account with a futures broker or one of these combine companies.????
"these combine companies" means who? TST and similar? that is contradictory!
specially with Micro futures one can graduate from demo to own account witah properly regulated Futures broker OR try and get in to genuine prop firms !
 
traderjo said:
Agree with your overall comments but confused about this bit...!
then just open an account with a futures broker or one of these combine companies.????
"these combine companies" means who? TST and similar? that is contradictory!
specially with Micro futures one can graduate from demo to own account witah properly regulated Futures broker OR try and get in to genuine prop firms !
More...
they will pay you if you actually make money. It will probably still be a demo account but they will pay you. It's just that most people lose. They basically charge you to demo trade. If you are a good trader and pass the combine they will pay you. They have to. But you are a rare breed so congrats. They put up to 12 contracts as advertisement because its the easiest way for a newbie to lose money. And all they do is open a demo account for you. Even one contract of crude or es is too much for a 3500$ account so you better be good. If you are good you dont need the higher accounts.
 
movingaverage... on one hand you say "Dont pay some company money for what you can do for free." like these test fees and in same post you say "open an account with ...or one of these combine companies.? confusing

Why bother with these pretend prop any way ! as you correctly said first practise and then open your own account... The only value in such a pretend prop is if you get in in first 1,2 tests most don't and the business model is based on majority failing and keep paying for more tests...but they wont admit it ... one day regulators are going to dome down on these like ton of bricks
 
DevBru said:
And yet again no announcements or updates were given by the end of the month.

Can't really say i am surprised anymore ...
More...
They announced in another thread they created for a deal on their plans that it will be this month now. ROFL, at this point.
 
DevBru said:
And yet again no announcements or updates were given by the end of the month.

Can't really say i am surprised anymore ...
More...

Hi DevBru!

Thank you very much for reminding me, actually. The week has been very hectic with the changes so far.

We are setting people up with live accounts (starting with the people who waited the longest) at our new UK partner, Appius Trading. Appius, clears with Advantage Futures, among others. This is not all - we have another funding partners and other FCMs in the pipeline, and we will make announcements as things develop with them.

We are offering this new relationship with lower commissions on full size contracts, on average, about 10-15% per asset. These commissions apply both on Live accounts and on LiveSim accounts.

We will continue to offer LiveSim accounts as well. The biggest change around LiveSim, besides the lowered commissions is the fact that traders no longer have to pay for the first exchange they select to trade (not deducted from the account balances). Instead, traders only have to pay for the second, third and fourth exchanges, $105/month/exchange, as usual, but this payments needs to be made from credit/debit cards or PayPal.

Besides the new funding partner(s), the lowered commissions and the first data fee waived, Earn2Trade also lowered the default commissions on the Gauntlets by about 10%.

The new funding partner is setting up people in order of how much they waited and we're hoping to catch up very soon.

The only thing waiting to be resolved is the NinjaTrader leader-follower system which is not yet ready with the new funding firm. For those traders, we still recommend LiveSim first, until that system is firmly in place and can take the live accounts.

I hope this answered the question.
 
Earn2Trade said:
Hi DevBru!

Thank you very much for reminding me, actually. The week has been very hectic with the changes so far.

We are setting people up with live accounts (starting with the people who waited the longest) at our new UK partner, Appius Trading. Appius, clears with Advantage Futures, among others. This is not all - we have another funding partners and other FCMs in the pipeline, and we will make announcements as things develop with them.

We are offering this new relationship with lower commissions on full size contracts, on average, about 10-15% per asset. These commissions apply both on Live accounts and on LiveSim accounts.

We will continue to offer LiveSim accounts as well. The biggest change around LiveSim, besides the lowered commissions is the fact that traders no longer have to pay for the first exchange they select to trade (not deducted from the account balances). Instead, traders only have to pay for the second, third and fourth exchanges, $105/month/exchange, as usual, but this payments needs to be made from credit/debit cards or PayPal.

Besides the new funding partner(s), the lowered commissions and the first data fee waived, Earn2Trade also lowered the default commissions on the Gauntlets by about 10%.

The new funding partner is setting up people in order of how much they waited and we're hoping to catch up very soon.

The only thing waiting to be resolved is the NinjaTrader leader-follower system which is not yet ready with the new funding firm. For those traders, we still recommend LiveSim first, until that system is firmly in place and can take the live accounts.

I hope this answered the question.
More...

And what about the partnership?

The new partner is in the UK so assume this has changed as well?
 
DevBru said:
And what about the partnership?

The new partner is in the UK so assume this has changed as well?
More...

Hello DevBru,

What do you mean partnership? Yes, the new partner is in the UK.
 
Everything is secret. Is it so difficult to answer questions, update data on the site, provide details of changes. Too bad.
 
You must log in or register to reply here.
Back
Top