Prop Firm Elite | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

Similar Threads

Anyone trading with a Prop firm 31 replies

ERP Prop Firm Journey 4 replies

prop firm new model - my trading journey 871 replies

Simplicity is the ultimate form of sophistication ( Elite ) 866 replies

elite's personal journal 28 replies

Attachments: Prop Firm Elite
Exit Attachments

Prop Firm Elite

  • #141
  • Nov 23, 2021 11:08pm Nov 23, 2021 11:08pm
Quoting NymzRod
BGC only has 1 employee on the books. Uhm, hello? This isn't rocket-science here. Why would a legitimate firm be hiding the number of employees it has? Unless it really only has 1. My lawyer has already drafted a document for Mr. Sean Finbar Bainton and he'll be getting it via registered mail. I hope $13 in assets is enough to cover basic lawyer fees. If BGC can prove they are legit, then it will be an easy dismissal. However, I highly doubt they will be able to rebut the claims made in the legal document. Remember Funding Talent? How legit did...
also take a look at these aswell pls. Funded Trader Program | Corp Equity Capital The owners also 18
  • #142
  • Nov 24, 2021 12:35am Nov 24, 2021 12:35am
Quoting mlseenie
{quote} also take a look at these aswell pls. Funded Trader Program | Corp Equity Capital The owners also 18
CORP EQUITY CAPITAL LTD

Mr Mouryo Kundu
Role Director
Country Of Residence India
Nationality Indian
Date of Birth July 2003
Occupation Entrepreneur

Facebook, 2019

Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 29 KB

An entrepreneur and gamer born and living in India with a company in the UK.
Nothing weird and he offers very attractive funding conditions, time to jump in!
Follow your guts, if you want to lose your money...
  • #143
  • Nov 24, 2021 1:44am Nov 24, 2021 1:44am
they have created a good website though
Allergic to bullshitters, never argue with fools
  • #144
  • Nov 24, 2021 8:40am Nov 24, 2021 8:40am
Quoting Muhammedfx
they have created a good website though
Yes. Beautiful website.

They do not allow hidden stops:

Attached Image (click to enlarge)
Click to Enlarge Name: corp equity hidden stops.JPG Size: 21 KB
Always ready to help
  • #145
  • Nov 24, 2021 9:52am Nov 24, 2021 9:52am
Amazing THA's story. The trader started with a few dollars and a few months later, THA got funded with more than $5 million.

- THA trades on news releases, no one prohibits THA to do it. News releases are THA's target.
- THA drawdown has reached 13%, no one has closed THA's account. No 10% limit restriction there.

Real trading, real traders, real funding.
Always ready to help
  • #146
  • Nov 24, 2021 11:11am Nov 24, 2021 11:11am
Quoting PaulMF
Amazing THA's story. The trader started with a few dollars and a few months later, THA got funded with more than $5 million. - THA trades on news releases, no one prohibits THA to do it. News releases are THA's target. - THA drawdown has reached 13%, no one has closed THA's account. No 10% limit restriction there. Real trading, real traders, real funding.
Is the link correct?
Follow your guts, if you want to lose your money...
  • #147
  • Nov 24, 2021 11:18am Nov 24, 2021 11:18am
Quoting JotaP
{quote} Is the link correct?
Yes. Can't you reach it? Is it broken?
Always ready to help
  • #148
  • Nov 24, 2021 11:32am Nov 24, 2021 11:32am
Quoting PaulMF
{quote} Yes. Can't you reach it? Is it broken?
Sure, I see it now. I was looking for the story.
Follow your guts, if you want to lose your money...
  • #149
  • Nov 24, 2021 12:31pm Nov 24, 2021 12:31pm
Quoting JotaP
{quote} Sure, I see it now. I was looking for the story.
Go to the Darwinia section: Darwinia

There, in All Darwins, look for THA. You can see things like:
- The number of investors by month since the first day.
- Funded capital by month.

Also, you can read this interview.
Always ready to help
  • #150
  • Nov 24, 2021 2:46pm Nov 24, 2021 2:46pm
Quoting mlseenie
{quote} Forex Prop Trading Firms in UK | Prop Trading Companies in USA - DT4X Trader take a look at these. They only have 1 employee as well and getting a lot of reviews saying they aren't getting payouts
Thanks for this. No doubt there are a handful of companies that are worth going after. I'm already in the process of going after Blue Guardian Capital and once that is done then my team and myself can consider going after the others if they fit the bill.

The truth is this industry will end up being regulated once these claims and lawsuits start happening. Funding Talent was a rude awakening and it's shown what happens when you correctly go after a prop firm and/or get the government involved. Running Ponzi schemes is no joke. There is potentially big money to be made in going after fraudulent firms too.
  • #151
  • Nov 24, 2021 5:31pm Nov 24, 2021 5:31pm
Quoting NymzRod
{quote} Thanks for this. No doubt there are a handful of companies that are worth going after. I'm already in the process of going after Blue Guardian Capital and once that is done then my team and myself can consider going after the others if they fit the bill. The truth is this industry will end up being regulated once these claims and lawsuits start happening. Funding Talent was a rude awakening and it's shown what happens when you correctly go after a prop firm and/or get the government involved. Running Ponzi schemes is no joke. There is potentially...
Why do you go after the new entrance? There are already more consolidated firms that have already many victims. Wouldn't it make more sense?

How can someone make money by going after these firms?
Always ready to help
  • #152
  • Nov 24, 2021 5:48pm Nov 24, 2021 5:48pm
Quoting PaulMF
{quote} Why do you go after the new entrance? There are already more consolidated firms that have already many victims. Wouldn't it make more sense? How can someone make money by going after these firms?
These firms don't need to prove anything legally to an individually. Didn't FTMO get asked to provide proof of funding and they didn't need to. They will just get a legal response saying they don't need to prove much the only way they would end up being taken down is if you contacted the government and shit and tried to get this industry regulated but even then it would be such a hassle and you have no guarantee. If you're willing to spent a fuck tone in legal fees and shit you might be able to go to court with one of these but dont see the effort.
  • #153
  • Nov 24, 2021 6:16pm Nov 24, 2021 6:16pm
Quoting mlseenie
{quote} These firms don't need to prove anything legally to an individually. Didn't FTMO get asked to provide proof of funding and they didn't need to. They will just get a legal response saying they don't need to prove much the only way they would end up being taken down is if you contacted the government and shit and tried to get this industry regulated but even then it would be such a hassle and you have no guarantee. If you're willing to spent a fuck tone in legal fees and shit you might be able to go to court with one of these but dont see...
I don't know about the legal options. NymzRod seems to know about it.

I have seen some regulators to interfere against unregulated prop-firms. The german regulator for example:
BaFin - Warnings & latest news - Trading platform tradergy.io: BaFin prohibits unauthorised proprietary …
BaFin - Warnings & latest news - Online trading platforms: BaFin warns against unlicensed providers
BaFin - Warnings & latest news - 24shares.io trading platform: BaFin prohibits unauthorised proprietary …
BaFin - Warnings & latest news - Trading platform fxtime.io: BaFin prohibits unauthorised proprietary …


I'm not sure about what makes them to act.
Always ready to help
  • #154
  • Nov 24, 2021 7:10pm Nov 24, 2021 7:10pm
Quoting mlseenie
{quote} These firms don't need to prove anything legally to an individually. Didn't FTMO get asked to provide proof of funding and they didn't need to. They will just get a legal response saying they don't need to prove much the only way they would end up being taken down is if you contacted the government and shit and tried to get this industry regulated but even then it would be such a hassle and you have no guarantee. If you're willing to spent a fuck tone in legal fees and shit you might be able to go to court with one of these but dont see...
To answer you and Paul, it's always easier going after the newer companies because they are not established and don't have the funds yet to prove that they have other sources of income. No other source of income = Ponzi scheme.

Its tougher going after more established firms because they have already diversified themselves.

I have a strong background in law and many of my social-circle are lawyers and attorneys. This doesn't cost me anything.

For me it's not just about the money, it's about the principle. Better to have these firms shut down and start setting the stage right than do nothing at all. If I make a buck, I make a buck. If I end up with a bunch of firms closing down after knowing we're serious and having the government audit them, that's a victory in and of itself.
  • #155
  • Nov 24, 2021 8:50pm Nov 24, 2021 8:50pm
Quoting PaulMF
{quote} Go to the Darwinia section: Darwinia There, in All Darwins, look for THA. You can see things like: - The number of investors by month since the first day. - Funded capital by month. Also, you can read this interview.
They are not compliant with the regulations of quite a few countries, therefore, they are not for everyone.
  • #156
  • Nov 25, 2021 1:06am Nov 25, 2021 1:06am
Quoting PaulMF
{quote} I don't know about the legal options. NymzRod seems to know about it. I have seen some regulators to interfere against unregulated prop-firms. The german regulator for example: BaFin - Warnings & latest news - Trading platform tradergy.io: BaFin prohibits unauthorised proprietary … BaFin...
We can also see that the firms that we are talking about do not fall under the definition of prop trading or proprietary trading firms .
https://www.investopedia.com/terms/p...arytrading.asp

I am calling them prop-gambling firms.

It is possible that some of them have some marginal proprietary trading, I am not sure of that, but still have never provided any evidence that they have. And, of course, they are not regulated anywhere. And apparently, there are not laws anywhere that cover this sort of activity. They live in a limbo, neither illegal nor legal.

And, as the BBC documentary has shown, their main income is indeed from subscribers fees.
Follow your guts, if you want to lose your money...
  • #157
  • Nov 25, 2021 5:15am Nov 25, 2021 5:15am
Quoting OutThere
{quote} They are not compliant with the regulations of quite a few countries, therefore, they are not for everyone.
They are regulated by FCA.
Always ready to help
  • #158
  • Nov 25, 2021 5:16am Nov 25, 2021 5:16am
Quoting JotaP
{quote} We can also see that the firms that we are talking about do not fall under the definition of prop trading or proprietary trading firms . https://www.investopedia.com/terms/p...arytrading.asp I am calling them prop-gambling firms. It is possible that some of them have some marginal proprietary trading, I am not sure of that, but still have never provided any evidence that they have. And, of course, they are not regulated anywhere. And apparently, there are not laws anywhere that cover this sort of activity. They live in a...
Prop-gambling! I like that term. Can I use it from now on with your consent?
Always ready to help
  • #159
  • Nov 25, 2021 6:00am Nov 25, 2021 6:00am
Quoting PaulMF
{quote} Prop-gambling! I like that term. Can I use it from now on with your consent?
Of course, but I must warn you that the Prop Hub Dungeon will not applaud the initiative.
Follow your guts, if you want to lose your money...
  • #160
  • Nov 26, 2021 6:29am Nov 26, 2021 6:29am
Any special black Friday discounts that deserve our attention?
Always ready to help
1 trader viewing now