FTMO.com - Funding for serious traders

I was posting on the below thread and they have banned me for asking legitimate questions:

https://www.forexfactory.com/showthread.php?t=707034


I will continue to post here my findings and reservations, especially to those who address me there knowing full well I cannot respond there.

Anyone with legitimate concerns and/or proofs (no matter which way they may lead) are free to post.

I am happy to be proved wrong provided the proof is verifiable.

I have no issues with anyone wishing to provide details of genuine firms that offer potential traders money to trade PROVIDED the claim can be backed up by verifiable proof.

Thank you :-)

Addendum (my background):
I work in a trading house (but not a trader - yet). Have worked up from back/middle/compliance office to now sit on desk.

Please see attached screenshot - taken today at 14:11 London time.

Shows My Bloomberg terminal + Eikon (Reuters) terminal. Plus ForexFactory log-on where I can be seen logged in.

The FX prices and headlines on the terminals will show the real time FX rates/headlines so you know it's all real and taken a few minutes ago. I have minimized my spreadsheets etc for various reasons.

So when I talk about "prop shops", money laundering, institutional trading, you will all know why I am so strict on verifiable proof.

I was always interested in trading so know most retail trading sites, trying to get an understanding of trading (pointless as institutional trading is very different). You will not be surprised to learn that no one here has even heard of forexfactory - I view/log on out of habit more than anything else.

So for all those who say I do not know what I am talking about or am a loser, let's hear you all now.

I am happy to take a snapshot of my BBG/Eikon terminal at any time (provided I am on line here) to post here to prove it's all real.

There - my proof.

Now all those who called me names, let's see your proof :-)

Counter: 3

In response to post 178 below by Mw108:

Quoting mw108

Disliked

{quote} Which law exactly? UK law? US law? German law? Polish law? Cyprus law? Nigerian law? ... ? How exactly is it "money laundry" if they give you a funded account to trade? I mean seriously. Tell me how you launder money with that method. Is your money different if you put it on the Markets and make profits / losses? Do you get different money back if you close your position? There are better ways to launder money today (i.e. Crypto currencies), instead of putting it at risk in the Forex Markets. And if they want to launder money and don't care...

Ignored

UK, EU, US, (infact most of the Western World).

A stranger giving you money to invest on their behalf where you have zero idea of the background or legitimacy of said people, nor the source of the money being given, renders you liable to be prosecuted for aiding and abetting money laundering.

The OP has themselves said, " we are not regulated or licensed". They themselves have said, money is form "private investor" (something no one knows anything about)

I constantly have had to undertake money laundering courses and tests as part of my job every two years.

Why don't you seek out people who work in finance or law, or those who are involved in trading or being financial intermediaries, and see exactly what the law states.

It does not matter if it is private money. If you help them in any way, you are helping them either, "place, layering, and/or integrate", funds in to the real World. Any of this is illegal.

The fact that you are dealing with an unregulated and non-licensed entity (they themselves have stated this) that is having you trade their money on their behalf could potentially lead you to prison and/or a hefty fine.

I am not asking you to take my word for it. Please do go out and seek independent advise of anyone in the know.

I am not here to discouragement or put anything that is legitimate down. I have constantly asked for proof of their standing and their claims yet not a single person has provided any, neither have they.

We are all being asked to believe a stranger from the WWW who is asking you to give them a fee for the chance to get funds to trade. Yet when asked to prove they are successful or that they have given funds to anyone to trade, we are pointed to a website where there is not a single named trader we can find proof off. There is not a single viable myfxbook (or the like) from them or their traders that they can point to.

Proof! Proof! Proof! It's all I ask for.

So many are arguing with me yet no one has provided a single iota of evidence that they are legitimate.

In reply to post 179 (posted above) by Ralffe:

Once again, you have cannot prove any evidence.

Rather than post arguments, you post name calling and swear words. Very classy of you - you have lost the argument so this is all you have lost.

I consider this a victory for me :-)

What joke. You are now the laughing stock of FF.

@TradeOtakar

You have failed to answer every single one of my questions so you have decided to ban me form your thread instead.

I thank you for that as it proves you are a scammer only interested in fees rather than backing nay traders.

Please provide the proofs I asked for in post 148 of your thread.

Especially:

1 - A verified myfxbook from your backed traders.
2 - As you claim to be such successful traders, a verified myfxbook from yourselves
3 - Your legal standing and business registration numbers.
(you claim not to be regulated or licensed but you keep referring to yourself as a company)


Also, if you are genuinely looking for traders, why do you not accept traders with proven track records that show how they have traded over a substantial period of time?

Why are you insisting upon only considering those people who chose to pay you a fee to then trade demo to do a shoddy trading test.

Can you tell me (and everyone else) how someone trading a two months demo, shows you more than someone who has traded a live account for a year or more? After all, a two month demo trading could just be a freak of luck. It would not pass any statistical metric

In the absence of the above, anyone dealing with you must realize that any fees paid to you, they will have to consider lost as you will always find a way of negating backing them.

For speaking the truth and asking difficult questions? I hardly think so.

It is those who blindly accept the words of a stranger from the net, without any proof, that is more fool.

Happy to be laughed at if it helps a single person from being conned by a scammer who plays upon the dreams of wannabe traders :-)

In response to post 179:

@TradeOtakar
You have banned me as you have been unable to provide a single iota of proof about your legitimacy.
You have not answered a single question I have asked or indeed anyone else who have questioned your fee.


Please answer the questions I asked in your topic as well as in post 5 above.

Thank you.

Until you do, I have every right to call you a scammer.

Very good Tesmy , I like your determination and perseverance. Many wishes for your new thread and good hunting to scammers.

Please see addendum to post one in this topic, I will tell you a little about who I am.

So when I talk about "prop shops", money laundering, institutional trading, you will all know why I am so strict on verifiable proof and proof and I hope you do realize I do know what I am talking about

Enjoy :-)

In answer to below posts attached in screenshot:

Post 191 @mw108

With due respect, not a single question was answered by you or the OP of that thread, or indeed anyone else. And the "answers" were hardly satisfactory. They lead to even more questions.

Where is the verifiable proof? Please point to it?
+ They claim they are successful traders - where is the proof?
+ They claim they already have given funds to trade - where is the proof?
+ They claim they looking for good taders but will not consider those already trading a live account.
+ They claim a two month demo will show them all they need to know about the psychology of a trder that they are then willing to fund up to $40k for. Are they serious?

Keep calling me names, in the absence of proof, it's all you have, any reasonable person can see that :-)


Post 192 @MuhammedTaha:

Oh please - Nick himself called you a SCAM on forexsignals. Check out post 7 on below thread.

https://www.forexsignals.com/forum/f...start-provider

You cannot point out a single racist or untoward comment i have made anywhere, it is you that is full of lies and nasty comments. Again, this is a reflection of you. May your Lord reward you for your lies and (false) testimony :-)

So go on, point to me my nasty comments? You cannot as you alone have been making them.

More and more are recognizing you as the former EonFX on here who blew so many accounts. Were you not the one who set-up a fake profile as a female actress and tried to promote your own service? Were you not banned for this? I care not for your answer, all that matters is your reply will be monitored and recorded by your Lord - there is joy in that no? Especially as you are so honest right? (sarcasm)

Just for you MuhammedTaha:
As you are a Muslim (or claim to be), here is something just for you (point 3 below):

The Prophet (pbuh) said:
There are three to whom of Allah will not speak on the Day of Resurrection or look at them or purify them, and theirs will be a painful torment:

1. The one who reminds people of what he has given them.
2. The one who lets his garment hang beneath his ankles, and
3. A vendor who tries to sell his product by means of false oaths. ~ Nasai 2564

Enjoy :-)

Post 196 @MuhammedTaha

Yep, that was British sarcasm - beautiful isn't it? :-D Can you not see the laughing faces that even a blind person could see that I was making fun of the whole thread?

That thread starter was also trying to scam people - can you tell me what happened to that thread? How many people ended up believing him? They too were looking for expert traders.

I believe you wrote to them and applied to them as well? As did most of those who are now plying for approval on FTMO (including Ralffe, who also called me names).

So guys, how did ScaniaForex work out for you? Was I right regarding that scammer? YES!!!

Sometimes when logic fails, the best thing to do is play along with the scam and just ridicule them with humorous non-related musings - lolz

MuhammedTaha, You can't even understand frivolity and sarcasm when you see it. You are so easy to rile :-)

We hope that he will learn the lesson ( and the education ).

Post 196 @Husky77:

Thank you for this Husky.

You stated you found evidence of their registration. Can you show me where?

When I did a search, I found a similar company but they were registered as far back as 2001 (I believe) and when I looked at the details, the registered firm was in no way engaged in financial trading but rather in selling farm machinery and there were no accounts etc of any recent activity (in fact for great many a year)

Thank you.

https://or.justice.cz/ias/ui/rejstri...nPlatne=PLATNE
you need to add identification number as it is i think 03136752 for FF Trader sro. if this they are.if not... then no ideea

then click bellow and get this https://or.justice.cz/ias/ui/rejstri...800&typ=PLATNY
the phone numbers and adress is same https://ftmo.com/en/contact/
and i think youre right they have no license for trading services.also their VAT registration might be expired.but heck for me is a language barrier as i cant translate every little details.maybe you can figure more.

@Husky77:
Thank you for this , that is exactly what I found among my initial research. No accounts, no real history or proof they have successfully traded or even have funds to trade themselves or give to others.

If you look at the screen shot (image Capture12a) from below site, you will see the background of these so called "successful" traders.
https://www.startupvsem.cz/ziskejucet-cz.html

As everyone can see, at the absolute most, one of the founder claims to have, "...two years work experience at a brokers..."

Seems that between the three of the founders, their skills are more akin to working in client services and publishing than trading.

As we all know from our experiences on these baords, anyone who is successful at trading tends to highlight this prowess as loudly as they can. These guys cannot prove they were traders at all.

The above was my first suspicion.

Second suspicion: https://www.bossainfo.cz/obchodovani...-ziskejucet.cz

One of the founders, and what he was doing in May of this year (see image Capture12b). He was trying to sell a mediocre seminar. Is this the background and actions of a successful trader?

Third suspicion: http://www.podnikatel.cz/rejstrik/ff...-r-o-03136752/
Classification of Economic Activities
461 Wholesale trade services on a fee or contract basis
46900 Non-specialized wholesale trade
702 Management consulting


They can't trade and they expect us to believe they will vet out good traders from two months demo. Two months trading can be a freak result, a statistical anomaly. They also claim personality/psychology of a potential trader is not important.

I think I know exactly where this whole thing is going. Their prime income will be from fees and when the people who register fail, they will offer to sell them some learning material that may help them (stuff that people can get for free elsewhere on the web).

Let's see people defend these so called, self proclaimed, "successful traders" now.

Ok Tesmy , another arrogant scammer is out of ForexFactory :

More proof that FTMO.com are lying and posting un-truth testimonials on their web page.

Proof:
First two images taken from their web page which shows testimonial from various people (named Peter and Joseph).

Next two images shows results of Google Reverse Image search:
Shows "Peter" and ""Joseph" appearing on other sites as well, some advertising other products. And these guys are supposed to be "traders" whom FTMO claim they have backed with their money? What a joke.

Now - can all those who supported FTMO and called me names please come here and explain that? I keep presenting actual proofs and yet @mw108, @Ralffe, @KiwiOz, are still silent, I wonder why?

FTMO said the testimonials were real, wonder what excuses they will use now, perhaps change the images.

Google reverse image search - such a great tool :-D

hahaha , what a shit figure for FTMO ...

Tesmy,
with your permission i re-posted this that thread, for an answer
since you are 'ignored'

No permission needed.

Anything that helps expose potential scammers.

Perhaps they have a valid reason, but at least it forces them to confront the proofs and explain.

Thank you for posting on the original thread.

Edit: have actually found four more (and i haven't even bothered to through all of them)