Are funding talent prop firms legitimate | Forex Factory

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Are funding talent prop firms legitimate

  • #1
  • First Post: Edited Mar 29, 2021 8:23am Mar 13, 2021 2:04am | Edited Mar 29, 2021 8:23am
My experience with funding talent is very bad. they have send me Invoice to pay them with PayPal. I have did the same. I have paid with my friends PayPal. They first told me they not receive my payment. After that they asked me which broker I would like to trade. I email them to confirmed my payment. They have email me yes they receive my payment. They provide me demo account for the challenge. I started trading. I can't see my account matrix I email them they ask for many things no coordination's at all who ever is receive the email they don't bother to read previous email they ask same questions.
Now they deactivate my account saying that I have to give them order number. I have already provide my personal area pass word They can see my order number their but they ask many things.

I understand one thing they are trying to hold my 155$ with out giving any service.
Be very very careful with funding talent or forextips101. both are same company.
I ask for company registrations document they couldn't provide it too.

They have already confirm that they have receive my payment, Now they are saying different things. I have give review in Trustpilot, they have force me to remove my review with several email they are threatening me, that they will inactive my trading account. It seems like whenever I am in profit they arise a issue. whenever I am in little dd they don't' answer to my email.
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I give this review in Trust pilot


My experience with funding talent
1. I have paid for 25k challenge with PayPal. Funding talent confirm that they receive my payment. I have asked in email, with email back they also confirm it.
2. I have got an account with them I started trading, suddenly I got an email from them they inactivate my account. Reason is they don't receive my payment. (I have all the prove that I have paid them, PayPal also said I have paid them, Funding talent also said I have paid them now they are saying I don't pay them)
3. I have given review here in Trustpilot, their support team couldn’t solve few problems, because I couldn’t access in my account matrix.
4. After my review, they said they are very sorry. they give me new account, I started trading again, I was in profit, I have got another email form them they will inactivate this account within 24 hours, If I don’t remove my trust pilot review and also, I have to give full prove to them that I paid for the payment. I ask them what information’s you need I can share PayPal confirmations with you and I have also an email from your team that I have paid.
After 48 hours when they see my account is in DD, they email me they will not inactivate this account but if I pass the challenge, I have to give them full prove that I paid them. Payment prove is need in their system proceeding to next stage.
I have to say they give me gentle threat to remove my previous review from trust pilot.
I have few point –
1. If I don’t pay them why they allow me for challenge?
2. When I am in profit why they told me that they will inactivate my account with in 24 hours.
3. Why they force me to remove my honest review?
4. Which one is more reliable funding talent or PayPal? Pay pal said I have paid them, they have email me that they receive my payment, When I started trading, they give me intentional pressure, so that I fail and they keep my 155$ with out any service.
They have some legal problem too, if you visit Nova scotia securities commission Canada, website you will know about it.
Now they will blame me that I fail the challenge that is why I give this review. For The clarifications I have to say I don’t fail yet Because of their pressure I am in DD.
Other service review-
They have worse personal area, you can’t journal your trade in personal area.
Their account matrix is not good at all. Other company personal area and account matrix is much better than them. Their website is not updated, you will find conflicting information.
Funding talent say they have 8% profit target but Their broker has large ECN commission in every currency pair and gold as well as BTC. For example, in FTMO I pay around 3.5 commission in per lot but I have to pay 8$ per lot with funding talent. In BTC I have to pay 100$ commission per lot with funding talent. If you calculate commission and trade executions delay you will see to pass funding talent challenge you have to make 12% return. Trust me passing FTMO Challenge is much easier.

I know My 155$ gone they will never give it back or they will never give me any fund even I pass their challenge. I write this review to help other traders please go with reliable prop firm otherwise you will lose your money like me.

Their CEO is lying. Their CEO is telling the review answer that they have refund me but They never refund me.
After the review answer I add this note -

Added Note- Funding talent never refund me. I don't get any $ from them. Infect it is the first time I see they are saying they refund me. Before that they never email me about refund. Complete Fraud company. Also they never explained me anything they inactivate my account without any notice and now they are saying they refund me which is a great lie.
I don't know what risk they are talking about, I pay with PayPal and I also pay with their provided invoice.
MA provides the market's current direction and strength.
  • #2
  • Mar 13, 2021 3:57am Mar 13, 2021 3:57am
It seems like people don't have any idea. How can they give opinion. Ft is new, people don't trust it yet
MA provides the market's current direction and strength.
  • #3
  • Edited 12:32pm Mar 13, 2021 4:18am | Edited 12:32pm
Quoting hasib
It seems like funding talent offering is so far the best. But their website is not updated. They don't provide company registration number in their website. If we pay them for their offering are they going to scam us. Post your opinion why and why not.
All of them are legitimate. They collect verification fees and in return help you become a disciplined trader. Dummy funds are provided by them , knowing well all will ultimately lose. Their platform is demo account.

At least you save a lot money by working with them . Had you traded on your own with your money, you would stand to lose a lot more.

The possibility of them closing down is as strong as of any other business that is not able to attract more money in and ensure less money out.
Practice makes a person perfect
  • #4
  • Mar 13, 2021 4:19am Mar 13, 2021 4:19am
They won't be making any money, because it's not possible to make money in forex.
What is made today, will be given back tomorrow.

People are chasing the dream, using the tools given to them by the same organization, who's trying to relieve them of their money.
Indicators do not work and anyone who says they do are kidding themselves on.
  • #5
  • Mar 13, 2021 8:15am Mar 13, 2021 8:15am
Quoting Asw
Indicators do not work and anyone who says they do are kidding themselves on.
Lucky for me I read your post, then, otherwise I'd never have known how many long-term successful hedge funds were deluding themselves.

I hope your belief about that works out well for you.
  • #6
  • Mar 13, 2021 8:25am Mar 13, 2021 8:25am
Quoting Quickly
{quote} Lucky for me I read your post, then, otherwise I'd never have known how many long-term successful hedge funds were deluding themselves. I hope your belief about that works out well for you.
Your deluded if you think they use indicators.
  • #7
  • Mar 13, 2021 8:34am Mar 13, 2021 8:34am
Quoting Asw
{quote} Your deluded if you think they use indicators.

Thanks, but I've worked on 3 different hedge-fund trading-floors, over a couple of decades, so I happen to know they do.
  • #8
  • Mar 13, 2021 8:44am Mar 13, 2021 8:44am
Quoting Quickly
{quote} Thanks, but I've worked on 3 different hedge-fund trading-floors, over a couple of decades, so I happen to know they do.
You are defiantly deluded.
  • #9
  • Mar 13, 2021 8:54am Mar 13, 2021 8:54am
Quoting Asw
They won't be making any money, because it's not possible to make money in forex. What is made today, will be given back tomorrow. People are chasing the dream, using the tools given to them by the same organization, who's trying to relieve them of their money. Indicators do not work and anyone who says they do are kidding themselves on.
It's not possible to make money consistently on forex- what are you basing this on? Your own experience?

It doesn't necessarily follow from 'indicators don't work' to 'it's not possible to make money in forex'. I think you'd have a hard time building a consistently profitable strategy off of indicators alone (don't know, haven't tried) but to say it's not possible to consistently make money is plainly false. Very difficult? yes. Impossible? no.

The vast majority are either losing consistently or in a boom and bust cycle (know how to make money but their psychology lets them down eventually and they give it back).
  • #10
  • Mar 13, 2021 9:00am Mar 13, 2021 9:00am
Quoting mysterio
{quote} It's not possible to make money consistently on forex- what are you basing this on? Your own experience? It doesn't necessarily follow from 'indicators don't work' to 'it's not possible to make money in forex'. I think you'd have a hard time building a consistently profitable strategy off of indicators alone (don't know, haven't tried) but to say it's not possible to consistently make money is plainly false. Very difficult? yes. Impossible? no. The vast majority are either losing consistently or in a boom and bust cycle (know how to make...
Very difficult? yes. Impossible? no. <== I Agree.
  • #11
  • Mar 13, 2021 1:44pm Mar 13, 2021 1:44pm
Quoting mysterio
{quote} It's not possible to make money consistently on forex- what are you basing this on? Your own experience? It doesn't necessarily follow from 'indicators don't work' to 'it's not possible to make money in forex'. I think you'd have a hard time building a consistently profitable strategy off of indicators alone (don't know, haven't tried) but to say it's not possible to consistently make money is plainly false. Very difficult? yes. Impossible? no. The vast majority are either losing consistently or in a boom and bust cycle (know how to make...
I have tested and installed at least 10000 indicates in last 9 years. I think indicates are good helping tools. Indicators will help us if we know how and when to use. If anyone say professional trader don't use indicators it will be misleading information, there are many ways to trade. Best of luck.
MA provides the market's current direction and strength.
  • #12
  • Mar 14, 2021 10:35am Mar 14, 2021 10:35am
I have paid for 25k Challenge account in www.fundingtalent.com. their Support teem yesterday confirm my payment but unfortunately they don't give me any account yet. Today I have email them Lets see how they response, I am waiting for their response.

Here is their payment confirmations email. They send it 20 hours ago. I don't know what is in their mind. I still don't know am I scam by them or not.
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MA provides the market's current direction and strength.
  • #13
  • Mar 14, 2021 12:57pm Mar 14, 2021 12:57pm
10 hours ago they send me this email. That is also making me worried.
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MA provides the market's current direction and strength.
  • #14
  • Mar 14, 2021 1:23pm Mar 14, 2021 1:23pm
funding talent prop firms dashboard is not updated the payment. seems like they are still long way to go. They are very new.
If I found the account successfully and pass the challenge and withdraw money I am happy. Lets see how they response. It is weekend so I can't blame them. I have to wait. some of ff members also suggest me to have patient.
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MA provides the market's current direction and strength.
  • #15
  • Mar 15, 2021 12:56am Mar 15, 2021 12:56am
Finally I have got my 25k account. Lets see how I perform in up coming days.
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MA provides the market's current direction and strength.
  • #16
  • Mar 15, 2021 1:04am Mar 15, 2021 1:04am
nice
  • #17
  • Mar 15, 2021 2:23am Mar 15, 2021 2:23am
I just checked the site. The rules are not really clear.

What is the max positions? What is the leverage?
  • #18
  • Mar 15, 2021 2:34am Mar 15, 2021 2:34am
They have too many unreasonable rules:

Quote
● Here are some examples of trading behaviour that we would deem inconsistent:

  1. Doubling risk one day to the next
  2. Using sporadic risk all throughout the trading month
  3. Using excessive risk one particular day
  4. Swing trading all throughout the month and then aggressively scalping one day near the end
  5. Changing your number of positions excessively day to day
  6. The above are just examples for your reference. These are not the only situations that could result in this rule being violated. You can always ask our team if you need

...


I can understand if they have rules about max trading size and positions. But these rules about inconsistency are kinda ridiculous IMO. What if I see a very highly profitable chance and want to double the risk? These obscure rules above will hinder many traders to trade profitable and the firm will use these rules to refuse payout to traders.
  • #19
  • Mar 15, 2021 2:50am Mar 15, 2021 2:50am
Quoting Asw
They won't be making any money, because it's not possible to make money in forex. What is made today, will be given back tomorrow.
Hmmm, this calls for thought. Indeed, I give a lot of my profit back. Now, I withdraw and spend the profits on goods and things I usually could not buy if I did not have the profit from forex. The only way I "keep" my profits from forex for now.
  • #20
  • Mar 15, 2021 3:15am Mar 15, 2021 3:15am
IMO, people who seek funding are generally new, naïve traders with no track records who generally have this delusion that having excessive capital will somehow make them profitable lol

I've had those thoughts on my journey before, never went down the path; but felt the urge. Its a really intelligent money maker when you break down, a simple Quora search on how they profit will give you a concise breakdown and the general statistics for the % of traders that actually turn a profit after jumping through all the hoops.

Anyway.


IF you are making consistently profitable decisions in the FX arena I can assure you, you are not seeking funding.

Anyone how has mastered the art understands that capital is not an issue.

I'm not saying that the psychological conception of being undercapitalised won't make you over risk, what I'm saying it capital itself is not the issue.

Your perception is the issue.


Learn the game for real, you'll realise you only need 1 - 2k to get your ball rolling, if you can't turn 1k into 10k - you have no business trying to turn 10k into 100k etc etc etc
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