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FTMO - For serious traders

  • #141
  • Nov 9, 2017 6:25am Nov 9, 2017 6:25am
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  • #142
  • Nov 9, 2017 6:29am Nov 9, 2017 6:29am
Quoting Tesmy
{quote} "You asked for any FF funded trader to come forward & show his/her experience" Where? Show me where I have done this? I have asked them to come forward to prove they have been funded by this firm or any other firm that has been mentioned. I notice you can provide NONE/ZERO of the legal evidence required to justify this company as being legitimate. Why is that? Is not part of ForexForex that we should help each other? To warn each other where something seems off and to warn others as to the legitimacy of certain people...
I repeat. How can any FF member show they have been funded when the company only appeared on FF a month ago.
As for their legitimacy. It only took me 5 mins to do a search on them. Do your homework before you bad mouth them, & do your homework before you question me too.
Money Makes Money
  • #143
  • Nov 9, 2017 6:40am Nov 9, 2017 6:40am
Quoting KiwiOz
{quote} I repeat. How can any FF member show they have been funded when the company only appeared on FF a month ago. As for their legitimacy. It only took me 5 mins to do a search on them. Do your homework before you bad mouth them, & do your homework before you question me too.
No need for FF members to do it, as my post 140 proves, they already have members.

So let's see these traders verified trading record on myfxbook (or the like) which shows them being funded and the 70% profits being paid.

Prove the (verifiable) legitimacy - why are you hiding it? Lets have it here for all to see.

And why are you getting excited? What's your angle? As you said, you have not commented for 6 months on this forum and now here you are trying to defend a firm that has no legal proof of its existence and certainly no legal proof that is is authorized to trade and offer financial/trading services/funds to anyone.
  • #144
  • Nov 9, 2017 6:43am Nov 9, 2017 6:43am
Quoting rajancr
{image}
This proves NOTHING.

It is a picture of three guys and a write-up. The article does not even mention their names so we can do a search for them on any sites to establish their legitimacy.


See below:
http://www.cnb.cz/en/supervision_fin...ers/index.html

They will have had to have been registered with the Czech authorities if they were offering financial/trading/intermediary services.

Let's have verifiable proof they are.

Thank you
  • #145
  • Nov 9, 2017 6:46am Nov 9, 2017 6:46am
Quoting Tesmy
{quote} No need for FF members to do it, as my post 140 proves, they already have members. So let's see these traders verified trading record on myfxbook (or the like) which shows them being funded and the 70% profits being paid. Prove the legitimacy - why are you hiding it? Lets have it here for all to see.
They are not hiding it. You obviously have no clue as to how these contracts work. It is not for the company to show their traders records. They do not have the right to do so. It is up to the traders if they so wish.
Money Makes Money
  • #146
  • Edited 7:47am Nov 9, 2017 6:52am | Edited 7:47am
Quoting KiwiOz
{quote} They are not hiding it. You obviously have no clue as to how these contracts work. It is not for the company to show their traders records. They do not have the right to do so. It is up to the traders if they so wish.
So they have traders who are being offered funds to trade. Yet these traders, choose to hide and not market a firm that is being SO SO generous to them? Really - talk about being ungrateful (that was British sarcasm)

Also, why as (I believe?) @profitmater suggested, do they not accept the live and verified account of someone who has already been trading? Surely a live/verified account that is more than 6 months old is better than a demo account which could just exhibit two months lucky trading?

So, in an earlier post, you claim to have found legal (and i assume, verifiable proof of the legitimacy of this firm). Will you be sharing that with everyone here?

-----

Here is a question which no one one else seems to have asked - so let me ask here:
If these founders are successful traders, where is their proof that they are? Where is their live myfxbook (or the like) which shows their success? How do we believe they are successful? Maybe their FTMO clients may not want to put up their accounts but surely these three founders should be made to put up their verified accounts for all to see if they are genuine and successful traders?
  • #147
  • Nov 9, 2017 7:25am Nov 9, 2017 7:25am
Quoting Tesmy
{quote} You seem to be defending the company despite not having any legal proof they are genuine. What is your agenda? Most "prop" shows (at least here in UK) have legal authority to trade and are registered with FCA or the like. So all legitimate "prop" shows (usually trading futures) can be found by looking them up on the FCA register and you will find that all their traders have to be registered to. Where is the equivalent legal registration for this company - where can I or anyone else look them up to make sure they are legitimate? And that...
Hello Tesmy,

I copied your statements and answered them below in bold.

As someone who has friends who work in the financial markets, I can guarantee you that not a single money manager looks for people to trade their money by advertising on places like Forex Factory.


And yet we are here. We are a new project, but we are serious about our business, we are transparent, and we work hard to provide the best possible services.

Ask yourself a question. If you had thousands of dollars you wanted other people to trade for you, would you come to a forum like ForexFactory (full of part-time or wannabe traders who do not even have a years worth of proven audited history or whose trading results could not pass even a simple Sharpe test) or would you place an advert on established professional sites where they would advertise for professional traders who have proven track records from previous trading banks/trading houses?


We believe that we can find profitable and serious traders also here. This is the largest forex forum.

Why would anyone offer you the ability to manage their money without actually meeting you face to face so that they could see who they were dealing with? After all, the personality of someone who will be managing their money is far more important than how much this person could make for them. Why do investment banks and hedge funds INTERVIEW their candidates rather than ask for amateur trading histories?


We are more interested in results than in a personality of a trader. We do meet local traders all the time, but as I said, their personality is not the most important. If you prove you can be profitable, it’s all we need.

If by some miracle, you do get handed some money to trade, how do you know the money they do give is legitimate money? Do you really want the police/authorities knocking on your door saying you are helping to launder dirty money? 20 year prison in some countries for money laundering crimes.


If you read previous posts or our website, you would have known that every account is in the ownership of our company. We do not send money anywhere. If you are concerned about money laundering, please contact us at [color=#0563C1][font=times new roman][email protected][/font][/color], our layer will answer all your concerns. As it is very common, our finances come from a private investor.

Stop dreaming people. Genuine firms that are looking for money managers DO NOT come to Forexfactory asking for traders. Tell me, how many people on here have you EVER heard of who were given such money to trade on a forum like Forex factory? ZERO!!!

And yet we are a genuine firm looking for successful traders. You have zero experience with us. If you haven’t heard about a firm funding traders, so you have now.


Anyone who falls for this and ends up paying a single cent to "qualify", I hope it's money you ca afford to lose as I can guarantee you that you will not be getting it back!!!!


You are very wrong, we are refunding fees to successful traders every month. We cannot ruin our reputation. If someone has a negative experience (real experience!!) our business would be ruined.

You have a zero experience with us and you publicly saying things, which are not true. This is defamation. Please consider this before writing another statements.

Your next post…….

Can you prove that any money you do give (I have zero faith you will ever give) is legal and above board?

The whole project is financially backed by our private investor.

Are you licensed in your jurisdiction? If yes, can we have details?

We are not licensed nor regulated. We are not a brokerage, we do not accept third party deposits. However, for the next year we will be applying for a license, because we will be opening our fund. If you have a legal question, do not hesitate to ask us.


How do we know that the money is clean and not dirty money and you are using naive wannabe traders on the web to launder your dirty money.

I have already answered that.

If you are really a legitimate money manger, why are you looking for amateur traders here? Why not advertise for ex-bank traders who are legally checked and licensed and who have proven track records?


We believe that we can find successful traders also here.

Banks and hedge funds call people in to be interviews, will you be doing same? Or are you willing to accept any stranger from the web? Banks and hedge funds do not charge people to show how good they are, why are you doing so?


Without the fee for the Challenge, the Challenge would be just a normal demo account. The fee is very important, because it simulates the live trading environment. We need to see how traders trade under pressure.

Will anyone who trades your money have to be registered with any authorities? If not, are you telling me you are prepared to accept anyone who passes your "tests" without undertaking a background check on this person? How is this even legal or proper?


Individual traders do not need to be licensed, because they are trading our money and are either employed in our company or signed a contract with our company. Some legal entities need to hold a licence to capital management activities issued by a proper authority. If you have more legal questions, contact [email protected].

I have read the interview by someone you claim has passed your test, it's a joke. It could have been written by you or anyone else. Absolutely no proof whatsoever that this is from someone genuine.

All our interviews are written by our traders. What proof would you like?

Your next post…….

If I have clear knowledge of something that is too good to be true, why should I not warn anyone?

We are too good to be true? I take it as a compliment . We work really hard to provide the best possible services.

With regards to topsteptrader.com, well how many have successfully passed their tests? How many are not trading successfully and taking home huge amounts? Do we have audited and verified trading accounts from those who have been given money to trade? I suspect not.

I know several guys who passed their test. They are a good and solid company.



Otakar
FTMO.com / Funding for serious trader
  • #148
  • Nov 9, 2017 8:21am Nov 9, 2017 8:21am
Quoting TraderOtakar
{quote} Hello Tesmy, I copied your statements and answered them / Funding for serious trader



Thank you for taking the time to reply.

Where do I even start:

We are not licensed nor regulated. We are not a brokerage, we do not accept third party deposits. However, for the next year we will be applying for a license, because we will be opening our fund. If you have a legal question, do not hesitate to ask us.
Ding ding ding ding ding.
And we have a winner!!!!
NO legal or regulatory backing that they are genuine and claim to say who they say they are or that they are legally obliged to honour any contracts.
In other words, no one has a legal recourse should the proverbial Sh*t hit the fan
THANK YOU!!!

We are more interested in results than in a personality of a trader. We do meet local traders all the time, but as I said, their personality is not the most important. If you prove you can be profitable, it’s all we need.

I cannot believe you said this. This alone is a BIG WARNING. Trading is ALL about personality and psychology. It's about how someone deals with profits/losses, success/failure. Many are brilliant when things are going well, it is how they do when things go badly that shows their true metal. Are you telling me two months demo is going to show you the metal of a trader?

The whole project is financially backed by our private investor.
Huge alarm bells. How do we know this private investor is legal and above board? Ahem, money laundering.
Zero proof that you have any backer.
Why would a private trader HOPE to hit the jackpot with amateur traders when they can invest with established traders at banks/hedge funds?

Without the fee for the Challenge, the Challenge would be just a normal demo account. The fee is very important, because it simulates the live trading environment. We need to see how traders trade under pressure.
So you are telling me a trader who trades a demo but pays you Euro345 is going to reveal how they perform under pressure with $40k? You are joking right?

Question: Why do you not accept already established traders who meet your requirement? Why do they have to PAY YOU to be accepted? Surely an established trader with proven abilities over 6-12 months shows you more than someone with two months demo?


If you read previous posts or our website, you would have known that every account is in the ownership of our company. We do not send money anywhere. If you are concerned about money laundering, please contact us at [color=#0563C1][email protected][/color], our layer will answer all your concerns. As it is very common, our finances come from a private investor.

EXACTLY. Thank you. The fact that it is your company does not mean anyone who is trading for you is exempt from being prosecuted under money laundering laws. Fact it is your funds, the person could be jailed for HELPING you to launder money.

Question: If it is your company and you are legal, what is the legal registration numbers that you would have had to have been registered with the Czech supervision and regulatory authorities. You cannot trade or offer others money to trade without being registered. What is the number that I can check the Czech authorities with.

Sorry, I forgot - you have no legal or regulatory approval.
So someone is trading private money for an unregulated/un-approved financial firm.

Friend – this alone should be ringing money laundering bells.


You are very wrong, we are refunding fees to successful traders every month. We cannot ruin our reputation. If someone has a negative experience (real experience!!) our business would be ruined.
You have offered zero proof of this.

And yet we are here. We are a new project, but we are serious about our business, we are transparent, and we work hard to provide the best possible services.
No you are not. You have not given proof that you are legally entitled to trade or can have others trade for you.
You have provided zero proof as to you own trading success.
You have provided zero proof as to the success of any traders you have funded - or even that you have funded any.

Individual traders do not need to be licensed, because they are trading our money and are either employed in our company or signed a contract with our company. Some legal entities need to hold a licence to capital management activities issued by a proper authority. If you have more legal questions, contact [email protected].

But you said you are not licensed nor regulated so why are you now discussing law and legal requirements?
In order for someone to be employed by you, you must be regulated else who is the contract with?
If they sign a contract, who is this contract with if you are not regulated?
You have confused yourself. You are getting in to a mess.


All our interviews are written by our traders. What proof would you like?
A verified myfxbook from them.
And whilst you are at it, as you are such successful traders, a verified myfxbook form you as well..

I know several guys who passed their test. They are a good and solid company.
Where is the verifiable proof?
  • #149
  • Nov 9, 2017 8:25am Nov 9, 2017 8:25am
Quoting KiwiOz
{quote} I repeat. How can any FF member show they have been funded when the company only appeared on FF a month ago. As for their legitimacy. It only took me 5 mins to do a search on them. Do your homework before you bad mouth them, & do your homework before you question me too.

They just admitted they are not licensed or regulatory in their post 147 (attached is a snippet from that post)

Can you tell how you managed to ascertain their legal legitimacy.

Thank you
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  • #150
  • Nov 9, 2017 8:42am Nov 9, 2017 8:42am
Quoting Tesmy
{quote}
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  • #151
  • Nov 9, 2017 8:48am Nov 9, 2017 8:48am
Quoting mw108
{quote} {image}
I agree, all those who didn't ask questions should hang their heads in shame.

I have proven by their own words they are a bucket shop who are Zero regulated and zero proof of anything.

They want good traders but they refusing to accept established traders who have proven track records. Preferring to rely upon anyone who passes a shoddy test (done on demo) PROVIDED the person PAYS them to register. Jokers!!!

Knock yourself out people - the proof is there for all to see.
  • #152
  • Nov 9, 2017 10:01am Nov 9, 2017 10:01am
Quoting TraderOtakar
{quote} Hello Profitfarmer, this is a very interesting idea and it might work. However, from the legal and regulatory point of view, it would be very difficult ( probably not doable at all, but I am not a lawyer) to create such a business model in the European union. The problem would be in setting our Trading Objectives / Risk Control applications to otherīs people live account, which we as a company do not own. Another problem is that many people do not have enough money even for the "reasonable" account size. Not to mention that trading with...
TraderOtakar:
Now that you have confirmed that you are neither licensed nor regulated, will you now change your decision regarding @Profitfarmers question?

You stated initially that it was not possible due to legal and regulatory issues but now that is has been established (from your own words) that you are neither, will you be be giving consideration to @Profitfarmers idea?

Thank you for your considerable time :-D
  • #153
  • Nov 9, 2017 11:00am Nov 9, 2017 11:00am
Quoting Tesmy
{quote} I agree, all those who didn't ask questions should hang their heads in shame. I have proven by their own words they are a bucket shop who are Zero regulated and zero proof of anything. They want good traders but they refusing to accept established traders who have proven track records. Preferring to rely upon anyone who passes a shoddy test (done on demo) PROVIDED the person PAYS them to register. Jokers!!! Knock yourself out people - the proof is there for all to see.
No. This picture was actually dedicated to you, because you seem to have no clue what you are talking about, just badmouth them and embarrass yourself.

I say it again: Look at https://www.topsteptrader.com/ - They are the most popular platform for funded traders. They exist since 2012 and they have exactly the same business model: Free Demo, but if you want to get funded, you have to pay fees and pass tests with strict rules. They have no "license" or "regulation" either, because they offer no Brokerage, don't send you money and don't accept your money.

Please stop barking around here like a watchdog. If you don't like what they do or don't trust them: Simply stop bothering.
If you think you are entitled to become funded, go and try their FREE demo.
  • #154
  • Edited 5:05pm Nov 9, 2017 11:29am | Edited 5:05pm
I MADE 15K demo .But dd above limit
Attached File(s)
File Type: zip ###TEST #1.zip   45 KB | 464 downloads
As with any system or strategy, it is not 100%
  • #155
  • Nov 9, 2017 11:37am Nov 9, 2017 11:37am
[quote=alicia19;10477967]
Quoting TraderOtakar
Hello Traders, my name is Otakar and I am a co-founder of the FTMO.com. you are a co-founder can you change the rules: #1 only 1 test instead of 2 demo test. #2 10,000 DD for a 40k account instead of just 4k #3 You take the fee after first withdraw. can you do any of this change at least 1? {image}


Nice statement , Man i have to go back to the demo account again and increase the net profit looool
  • #156
  • Edited Nov 10, 2017 12:03am Nov 9, 2017 12:41pm | Edited Nov 10, 2017 12:03am
this DD % cant seams to go low loool



and an update
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  • #157
  • Nov 10, 2017 1:53am Nov 10, 2017 1:53am
Good morning/afternoon everyone,

for traders interested in our Dax Pre-market analysis, just click here: https://ftmo.com/en/dax-10-11-2017/


Otakar
FTMO.com / Funding for serious trader
  • #158
  • Nov 10, 2017 2:56am Nov 10, 2017 2:56am
Quoting mw108
{quote} No. This picture was actually dedicated to you, because you seem to have no clue what you are talking about, just badmouth them and embarrass yourself. I say it again: Look at https://www.topsteptrader.com/ - They are the most popular platform for funded traders. They exist since 2012 and they have exactly the same business model: Free Demo, but if you want to get funded, you have to pay fees and pass tests with strict rules. They have no "license" or "regulation" either, because they offer no Brokerage, don't send you money and...
You obviously didn't understand the sarcasm (in the same way you don't understand logic and reasoning and concept of proof.)

Also, and here is some other logic to get your mind around:

If they are truly looking for good traders to trade their money, why will they not look at anyone who trades real accounts and have PROVEN trade history? Why do they insist upon a demo account ONLY where the person has payed them a fee first?

And if they are successful traders, Where is their proof they are? Any verifiable proof? No? Wow - I am truly shocked.

I can claim to have the same business model as Goldman Sachs, however without 100% verifiable proof, it be pointless for me to point at them and say I am doing the same as them. That is exactly what you are doing when you say they are comparable to topsteptrader. These guys have zero proof of a single statement they are making.

So, if you have verifiable proof, lets see you post it. Let's see them post some verifiable myfxbook accounts of their trading for us ot believe they truly are successful traders.

I await proofs (I shall not be holding my breath)
  • #159
  • Nov 10, 2017 3:15am Nov 10, 2017 3:15am
Quoting Tesmy
{quote} (I shall not be holding my breath)
Please, Please, hold your breath & never take another. TROLL.
Your lucky this is not my thread. I would ban you real quick.
I'm surprised the FF moderators allow such blatant disrespect & defamation.
Conventional trading is for losers
  • #160
  • Nov 10, 2017 3:19am Nov 10, 2017 3:19am
Quoting mw108
{quote} No. This picture was actually dedicated to you, because you seem to have no clue what you are talking about, just badmouth them and embarrass yourself. I say it again: Look at https://www.topsteptrader.com/ - They are the most popular platform for funded traders. They exist since 2012 and they have exactly the same business model: Free Demo, but if you want to get funded, you have to pay fees and pass tests with strict rules. They have no "license" or "regulation" either, because they offer no Brokerage, don't send you money and...
You have zero knowledge of the law do you?

Just because they are not a brokerage does not mean it excludes them from money laundering regulations.

If any individual is dealing with money where they do not know the origin of, which then turns out to be from illegal sources, they can get prosecuted under money laundering laws and can spend a maximum of 14 years in prison (in the UK anyway). Am sure the rest of the Western World is equally harsh now.

These guys have clearly stated the source of their capital is from a private individual whom they will not identify (hello - big warning signs).

Many on here have already worked these guys out ie. their only source of profit will be the fees they take.

I have a right to speak here as well as you. At least I am asking for proof and asking relevant legal questions. What are you doing that is productive? You are helping to promote something that has no verifiable proof of being legitimate. If you have proof , please post it - it's all I am asking.

I have no desire to pay any fee as I have no desire to mange funds - especially funds of someone who has no proof their funds are from legitimate sources and do not fall foul of Western money laundering laws.

They claim they are a company (but un-registered) - wow - warning signs.
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