Is Funding Talent a SCAM ?!
- Thread starter Saxio
- Start date
funding talent IS a SCAM on many levels in my opinion
just one quick scan and review of how they do their pricing tell you = SCAM
https://fundingtalent.com/pricing/#1619409473716-4e9c0a12-4ed9
Now look at the Flex Agressive $300k acct which supposedly doesn’t put any limitations on your Trading style unlike the account the other person had in this thread that got screwed on their paycheck from them due to violating the trading style rules on the other acct type they do
for example look at the $300,000 flex aggressive acct
you pay $1,950 upfront plus $750 a month
You ONLY get credit for 20% of your profits to go towards making the 8% profit ($24,000) to pass the 1st phase of the evaluation - that means you must actually make $120,000 in profits to have 20% of the profits actually credited towards the $24,000 in credited profits to pass phase 1 (ok so now we know why they charge $750 a month—because it’s going to take quite a while for most people to generate $120,000 in profits to pass phase 1 . Then remember you also have to pass phase 2 after phase 1. With phase 2 you have to make 4% so in this case 4% of $300k = $12,000 but remember that’s $12,000 but you only get credit of 20% of the profits you generate towards that $12,000 so actually you have to make $60,000 in profits to have 20% of that = $12,000 necessary to pass phase 2
then after you’ve paid all those monthly fees and if u were lucky enough to pass both phase 1 and phase 2 now you finally get your funded account—-but guess what??? They only fund you
With the amount of credited 20% profits. so after all that you get screwed in the end and only get a very small funded account
FundingTalent $300,000 Flex Agressive
$1,950 upfront plus $750 a month til you pass phase 1 & phase 2 (or you fail and have to pay to start all over again
https://fundingtalent.com/pricing/#1619409473716-4e9c0a12-4ed9
- Access Elite account faster
- No rules on trading style
- 20% of profits are added to Elite account bi-weekly (no cash Talent Bonus)
- 90% profit split on Elite account
- Monthly Fee: $750
Last edited:
It’s a SCAM
In the Ghaney Affidavit, Ghaney represented that:
a. the Company is an online pay-to-play learning platform for Members who want to play and learn about retail investing;
b. none of the Accounts contain real dollars and no funds are ever deposited or withdrawn from the Accounts;
c. Members who play within the Rules set by the Company and generate fictitious profits are paid a “Talent Bonus” which is paid from revenue generated through subscription fees;
d. the real accounts do not contain real dollars. They are also simulated accounts and there is no real trading conducted in these accounts;
e. Membersusinganytypeofaccountareneverintherealmarket;
f. Members are never provided with real money in which to trade and all trades are conducted on demo accounts offered by brokerages that the Company has chosen;
g. for a subscription fee, a Member has access to what is akin to “monopoly money” to trade with on a simulated market; and
h. there is no “profit sharing” of any proceeds from any real world trades. A member can earn credits and take a portion of those credits out as cash which is funded through subscription fees collected from other Members.”
You are ALWAYS on demo account
The more profitable traders make, the less FundingTalent makes
So why would they like profitable traders ?
In the Ghaney Affidavit, Ghaney represented that:
a. the Company is an online pay-to-play learning platform for Members who want to play and learn about retail investing;
b. none of the Accounts contain real dollars and no funds are ever deposited or withdrawn from the Accounts;
c. Members who play within the Rules set by the Company and generate fictitious profits are paid a “Talent Bonus” which is paid from revenue generated through subscription fees;
d. the real accounts do not contain real dollars. They are also simulated accounts and there is no real trading conducted in these accounts;
e. Membersusinganytypeofaccountareneverintherealmarket;
f. Members are never provided with real money in which to trade and all trades are conducted on demo accounts offered by brokerages that the Company has chosen;
g. for a subscription fee, a Member has access to what is akin to “monopoly money” to trade with on a simulated market; and
h. there is no “profit sharing” of any proceeds from any real world trades. A member can earn credits and take a portion of those credits out as cash which is funded through subscription fees collected from other Members.”
You are ALWAYS on demo account
The more profitable traders make, the less FundingTalent makes
So why would they like profitable traders ?
Looks like scam companies to me when all they seem to want to do is collect fees under the pretense of "learning how to trade" and then set the bar so much higher when paying out profit is entailed during live trading. If they are really keen on funding really talented traders and just want to be compensated by sharing profits later on during live trading, why do they insist on collecting fees during demo trading?? These are demo trading that does not involve any outlay of cost, what do they need to collect fees for? It's not like they are doing any mentoring or teaching? And it's even more ridiculous with some prop-trading firms if they really want you to succeed, why continue to collect fees from you when you have started trading for real? Wouldn't you be able to put in more of your own money if you didn't have to pay them fees? And if they are so confident in you being able to make money for them to share profits for you, WHY do they still need to collect fees from you? You don't see those investors who invest their money with hedge funds collect fees from the hedge fund companies? LOL
No this is just a more "innovative" way to make money off aka scam traders. They don't want to go through the market-making brokers' route anymore to trade against the clients because that's too overdone now especially in currency trading (is it any coincidence that this Funding Talent is for currency trading?) that not many people are giving them money anymore so they come up with this new scheme of basically scamming money from traders by preying on people's desire of rapidly accumulating trading capital in order to achieve higher profitability.
Like I always say, accumulate your own funds. If you've got a working trading system, you should have no fear of not being able to accumulate trading capital. To give yourself a bit of start-up funds, get a day job; everybody is hiring right now so it should be easy for you to find jobs now. Trade while you work so to test your trading systems and also to take some psychological pressure off with your stable income from your day jobs. Once you've accumulated enough trading funds and your trading system is more established and is consistently profitable, then you can gradually ease into full-time trading. If you don't have a working trading system, then you won't be successful with these funding companies either. You will just end up paying fees to them without any payouts. Instead of paying them to trade, why not work a day job and earn money while trading if trading is what you want to do?
No this is just a more "innovative" way to make money off aka scam traders. They don't want to go through the market-making brokers' route anymore to trade against the clients because that's too overdone now especially in currency trading (is it any coincidence that this Funding Talent is for currency trading?) that not many people are giving them money anymore so they come up with this new scheme of basically scamming money from traders by preying on people's desire of rapidly accumulating trading capital in order to achieve higher profitability.
Like I always say, accumulate your own funds. If you've got a working trading system, you should have no fear of not being able to accumulate trading capital. To give yourself a bit of start-up funds, get a day job; everybody is hiring right now so it should be easy for you to find jobs now. Trade while you work so to test your trading systems and also to take some psychological pressure off with your stable income from your day jobs. Once you've accumulated enough trading funds and your trading system is more established and is consistently profitable, then you can gradually ease into full-time trading. If you don't have a working trading system, then you won't be successful with these funding companies either. You will just end up paying fees to them without any payouts. Instead of paying them to trade, why not work a day job and earn money while trading if trading is what you want to do?
Last edited: