Earn2Trade Founder Charged With Fraud

destriero said:
Orlando, whatever, what's the net liq on E2T's account at Advantage?
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Hi Destrieo I am assuming you are asking Orianna of Et2.. if so... I doubt they will disclose that kind of INFORMATION.. they can't even disclose what makes up their main revenue? what is A) tests fees collection and B) true profits from trader's trading... any way since they are a private business so they don't have too! but any transparency helps rather than attacking person who asks such "Loaded" question :sneaky:
 
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traderjo said:
Hi Destrieo I am assuming you are asking Orianna of Et2.. if so... I doubt they will disclose that kind of thing they can't even disclose what makes up their main revenue tests fees collection and true profits from trader's trading... any way since they are a private business so they don;t have too! but any transparency helps rather than attacking person who asks such "Loaded" question :sneaky:
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I'd bet they have less than $50K at Advantage.
 
destriero said:
I'd bet they have less than $50K at Advantage.
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oh 50K that must be one of the biggest "partner" of Advantage :sneaky: any way jokes aside ...whatever they may have I guess you get my point about "Association with Advantage" one more "Loaded question" by silly people like me :cool:
 
traderjo said:
Regarding the corporate structure
It is only after somebody (DevBru) asked you had to disclose! and the point was "Do same people own the test fee taking entity and the "Prop funding" entity and has nothing to do with previous owner .. that is the past .
I guess Devbru must also be madly on a war path against you as I am ( according to your perception) or do you want to accuse me of being Dev Bru avtar!

Regarding Regulations, :
In my country any Prop which take even a penny under the name of test fees etc will require Financial services license.. which is not easy to get , and if you carry such business without that ...sure they will come down upon you as ton of bricks
Regarding forum posts: NO I did not post under a diff name on futures IO regarding this subject

Fact is that people see similar things ..but you just don;t want to accept that and claim that "We think it is clear that the posts are made by the same people,"
At the end of the day
Just like you have right to do business in your fashion me as consumer have a right to question the business model!
and it is not just your business model the entire "Pay for test Prop business model.. which many have said is perhaps based on collect in hundreds of test fees and fund very few...
You seems to be interested in personally attacking anybody question you? pathetic for a company
I never called you scam or a fraud ..you may have a genuine interest in funding people or searching good traders but all me and others are saying is this business model is heavily loaded against the average aspirant and could turn in to a hamster wheel...
Regarding Advantage:

I stand by my comment that partnership with Advantage a “marketing gimmick”,
Anybody who knows Futures knows that by allowing your "prop" firm to have an account with them DOES NOT MEAN THEY ENDORSE YOUR business model.. so it is silly to say Oh look we are in "Partnership" with Advantage..

any way I hope one day SEC will regulate this "Industry" as it is so close to being a equity Prop which is regulated

Disclaimer: I do not work in Financial industry or True Props or pretend props
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Thank you for your feedback Traderjo, we've heard your opinion dozens of times, and there is a long record of it through the forum for anyone who wants to see who is insulting who. We honestly have nothing more to repeat on the matter.
 
destriero said:
Orlando, whatever, what's the net liq on E2T's account at Advantage?
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Hello Destriero,

Earn2Trade does not have an account at Advantage, Appius does. Each account requires the total potential loss and a significant percentage on top of that to make up for any slippage on the account. Needless to say it far exceeds $50,000.00, but we hope you will respect the fact that it is not something that will be disclosed on a public forum to an avatar.
 
Earn2Trade said:
Hello Destriero,

Earn2Trade does not have an account at Advantage, Appius does. Each account requires the total potential loss and a significant percentage on top of that to make up for any slippage on the account. Needless to say it far exceeds $50,000.00, but we hope you will respect the fact that it is not something that will be disclosed on a public forum to an avatar.
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How do you define the potential loss when short say, index futures?
 
Earn2Trade said:
Thank you for your feedback Traderjo, we've heard your opinion dozens of times, and there is a long record of it through the forum for anyone who wants to see who is insulting who. We honestly have nothing more to repeat on the matter.
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It is amazing how much time a company spends on a such weird defense

Time and again diff people have exposed this business model ( not just on e2T)
- Not disclosing real account size ( that a trader gets)
- Disclosing real ownership structure ONLY when somebody dug deep
- Associating with a very Large FCM as if they endorse the business and i'ts model which is absolute BS
- Claiming that same people post negative comments under diff names on different forums
All i am doing is putting the alternative view point when those who have not done enough due diligence post and start thinking they have found nirvana through this.
As I said before all these mushrooming Pay for test business may have a noble motive behind it but all these questions do creep in and hope any newbee reading these on the net ( not just on ET) dismisses them ,, they do that on at their own risk!
 
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destriero said:
How do you define the potential loss when short say, index futures?
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Hello Destriero,

Whatever the auto liquidate threshold level allows people to lose, that is what we consider the potential loss.
 
traderjo said:
It is amazing how much time a company spends on a such weird defense

Time and again diff people have exposed this business model ( not just on e2T)
- Not disclosing real account size ( that a trader gets)
- Disclosing real ownership structure ONLY when somebody dug deep
- Associating with a very Large FCM as if they endorse the business and i'ts model which is absolute BS
- Claiming that same people post negative comments under diff names on different forums
All i am doing is putting the alternative view point when those who have not done enough due diligence post and start thinking they have found nirvana through this.
As I said before all these mushrooming Pay for test business may have a noble motive behind it but all these questions do creep in and hope any newbee reading these on the net ( not just on ET) dismisses them ,, they do that on at their own risk!
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Thank you for the insight, Traderjo. I think there is a point of agreement hiding there.

We definitely don't want to suggest anyone has found nirvana. I think we make it really clear that trading is hard and requires a ton of discipline.

I would point out that I think we also make it clear what the offer will contain once you pass.

We can keep it rolling on the other points as well, if you insist, but I'd just say this: if we clearly disclose the name of the FCM (which we think is important because traders should be aware of where they are heading) it is called "associating" and "bs". If we don't disclose the name of the owners on the website (no relevance to your trading) you call it "hiding". I'm not sure how to win at this game.

Out of curiosity, have you done any of the funding programs out there?
 
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