That’s the trouble with LeeLoo. Your funds are virtually locked up for 6 months or so. I’m sure it’s by design to increase the chances of the trader failing before he can withdraw it all.
what about the Earn2trade?
- Thread starter palaki06
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That’s the trouble with LeeLoo. Your funds are virtually locked up for 6 months or so. I’m sure it’s by design to increase the chances of the trader failing before he can withdraw it all.
Yep, 100%.
I am curious for how they are going to handle my case. You need to request payouts on the last monday of the month but aren't allowed to trade that day until they payment amount has been removed out of the account.
My 30th trading day will be the 28th, so i will have to do a trade that day and then request my payout of $1500, since that's the max i can request for the 4 first payouts.
If they deny my request and force me to wait for another month it would be absolutely ridiculous and i will make sure everyone knows about it so they can avoid LeeLoo
.Yep, 100%.
I am curious for how they are going to handle my case. You need to request payouts on the last monday of the month but aren't allowed to trade that day until they payment amount has been removed out of the account.
My 30th trading day will be the 28th, so i will have to do a trade that day and then request my payout of $1500, since that's the max i can request for the 4 first payouts.
If they deny my request and force me to wait for another month it would be absolutely ridiculous and i will make sure everyone knows about it so they can avoid LeeLoo
I know a trader who claims to have pulled some money out of the firms, but I know he ditched LeeLoo for this very reason. I think he mostly did business with E2T. They have no such restrictions.
Good luck and feel free to keep us posted.
That's what I've come to understand too, I've been told nonsense, you just never know if the company is like that, you just know you're being ripped off
I know a trader who claims to have pulled some money out of the firms, but I know he ditched LeeLoo for this very reason. I think he mostly did business with E2T. They have no such restrictions.
Good luck and feel free to keep us posted.
If i would be seriously interested in going with a funded trader program i would probably pick UProfit for the end of day drawdown and payouts whenever you want. Only downside there is they never get rid of the daily loss limit, which doesn't make sense either, but that's the same with E2T. As a non US resident the structure E2T uses isn't as interesting since it complicates things a lot and most accountants here don't even have experience with anything like that.
Being an independent contractor is much better for me, that's why i would probably pick UProfit over E2T.
Anyway, i will post in 4 weeks time to give an update on my withdrawal, if i still have the account at that point.
*Spits beverage at screen...*
You are saying that they muffed your trade because the clock changed in your own country?!? Man, the markets you are trading are based in the US. The US has not shifted. If THAT is the excuse they are giving to close your account, then they should be drawn-and-quartered, because that is asstastic. That just dropped Topstep down 50 rungs on the ladder of honesty and professionalism and whatever. That is a snaky, sneaky, snarky BS move to try to get your money out of your wallet, for a rule you did not break.
Holy SHIT that makes me LIVID!
Glad to see they rescinded it though, after they went to their legal team and the lawyers slapped them in the head with a large trout.
LMAO
That screen didn't deserve it.
I kept the same habits of cutting all my positions at 10 pm,
But the clock actually rolled back from 1 hour in my country.
Therefore I should have closed at 9 pm instead.
I emailed them and I've been able to continue without penalties.
They've been kind !
I thought the name looked familiar. I thought I've seen it somewhere. The company is a scam. It was charged with fraud by the CFTC 2 years ago. https://www.tradingschools.org/ryan-masten-of-earn2trade-has-been-charged-with-fraud/
The OP is from Stockholm. I expect they lost track of the 1 hour drift this week between Europe and the US and in fact traded at 3:10pm CT rather than 2:10pm CT just as in @Sekiyo's post.
Of course, they can demonstrate that this assumption is wrong by providing a screen grab from their Rithmic R-Trader showing the timestamps of the relevant trades.
@TheDawn - what you're posting is old old news. Ryan Masten has not been involved with Earn2Trade for a long time and tradingschools.org is well known to be very questionable.
Of course, they can demonstrate that this assumption is wrong by providing a screen grab from their Rithmic R-Trader showing the timestamps of the relevant trades.
@TheDawn - what you're posting is old old news. Ryan Masten has not been involved with Earn2Trade for a long time and tradingschools.org is well known to be very questionable.