The Funded Trader SHUT DOWN.. (I was funded with them)
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- Опубликовано: 27 мар 2024
- In this video I talk about The Funded Trader (TFT), the mail I received this morning from them. Some depressing times ahead with these firms. If you are affected by this, keep your head up. You have the skill it takes, no firm is going to change that for you.
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Few months ago, I made a wise decision to completely transfer my skills to futures(us) and options(India). Best decision of my life. Now I'm watching the world burn from a safe space.
Wise man
@@JORFX Blessing from God
Yeah, doesn't surprise me. They were still selling discounted challenges despite operating on a totally disfunctional platform. I lost a couple of accounts. Hope the Texas state attorney will pusue charges against him.
That’s how you find out. Gotta go through it
looking this fx prop firm bubble from the sidelines, this was seen like 6 months ago.. never had a problem with futures props
Thanks buddy. Sorry for your trouble. I will stay with FTMO.
The US being blocked and MT pulling out of non-regulated businesses killed the flow of capital to the prop firms, they relied and based their business model on printing money with thousands of people taking and failing challanges, as much as 80% of their capital cames from this.
For fuck sake bro - I've taken two L's MFF and now TFT this is ridiculous
Same bro
Bro we just gotta charge it to the game and keep it moving. As always I appreciate your time and effort you put into all your content. It's a shit situation but I know you will come out on top.
Will always continue to support you brother@@JORFX
Exactly brother, new opportunities ahead
Come to futures you won’t be sorry
Bro who are you telling I literally just got funded never got a payout
I have one at a firm that used Eightcap. It was suspicious how particularly the new firms would all use Eightcap. Now it had to switch to another broker and in less than a week to another one. Not sure about this FTUK.
Im with you brother. I have spent the past year with MFF, TFT and Bespoke - all gone.... Back to square one.
Let's stand up and try again.. The skill doesn't vanish only the firms do. Let's learn from the experience and get back to it!
so glad I switched to Futures months ago! The writing was on the wall
If they come back I wonder if it will be as a Futures Prop Firm
another shot after mff , if we have the skills we will never be afraid , keep going bro Jor
Exactly bro.
I highly recommend everyone to also look in to futures. We don’t have these problems with our prop firms cuz of regulations.
Yup! Futures and futures props are way better, its not even close.
What legal options do we have?
So now I have lost my money to TFT, and have no money left, TFT is the first prop firm challenge I brought and in next few days this all happened couldn't even place one trade, I have a request can someone buy me the the5ers bootcamp, I do have the skill and mindset to pass this challenge but not enough money to buy the challenge. Plus I also have a discount code which will reduce the price by $30. Please help.
Can somebody explain what the difference is Future?
The MetaQuotes issue was that US citizens was able to trade CFDs which is not allowed in the US and the connection was that prop firms was using MetaQuotes' software to offer CFD trading to US citizens, so what is the easiest way for a regulator to control that with MetaQuotes being a US company..... put pressure on them to pul the plug on all prop firms using their software.
The issue with your statement is that prop firms don't allow you to trade CFDs, because it's simulated trading. You're never trading real funds or real instruments. It's all demo accounts, so nothing is passed to a real live market.
Yes this happened to me also, This drove me to look at alternatives. The answer is futures and futures prop firms. IMO futures is a better prospect than FX, not even close. With futures, specifically NQ and ES minis and micros and full for that matter all brokers have the same data feed it is all from the CME. Its not like how Oanda, FXCM etc all have different price action as they are a decentralized exchange, weather you have RAW or not in FX. With futures price, bid/ask spread being set at a centralized exchange (CME) everyone gets the same price action, there different fees like commissions for different brokers you need to be aware of. You can also see the depth of the market with level 2 and 3 data if your broker provides that. I will never go back to FX. Actually if one is hooked on FX you can trade the actual FX futures contracts through the CME also. FX and FX props are S*!t IMO.
There is also Alpfa Capital group in UK, which has it's broker
Been looking in to that one actually, thanks!
And as of what I know, one of the owners of company is licensed trader with FCA
@@andriilobach4734 that's very good to hear.
You need to be careful with that firm - they do not refund assessment fees. Therefore, you will only receive 80% of the profits made should you get that far. However, if you purchase a challenge with prop firm match you can potentially receive a 0.25% refund, which is obviously less than you paid but better than nothing at all.
@@IsraelWilliams-ui9nn Are you sure about that? I thought every prop firm refunds the challenge fee after 1-4 payouts?
Man. I had literally just signed up for a challenge account and ended up blowing it because of i kept getting logged out during trades and all kinds of stuff. I just wanted a reduns but no response after several emails. Can we all do a class action lawsuit??
hi any futures prop firms that you recommend? Or prop firms that allow 0 dte option trading? Thank you!!
Apex Trader Funding
Apex/ATF, topstep, take profit trader, my funded futures, Purdia capital, blue sky, There are a ton of futures prop firms. 😃
Tradeday , elite trader
Precision Funding and Apec
Skilled Funded Trader is gone too. Just received the mail😢
I've seen..
Oanda, big Broker with big reputation just got into the Prop Firm industry, I can not believe that its over for Funded programs, maybe one must choose a more trustworthy option even if it costs more. I was looking for cheaper alternatives with MFF and TFT but should have chosen FTMO probably all along. If FTMO goes down then we can say its over. 🤔
I requested a refund for all the active Live and Challenge accounts I had, not from the company but from my bank, providing all the details of what happened. They refunded the money to me as it was deemed fraudulent, and typically banks cover you in such situations.
I hope this information is helpful to someone. At least to recover what you invested.
skilled funded trader is next to go down! 💀
It just did. My accounts are not responding
They are down already
Build your kingdom and go down with it 🗿
Funny that just two months ago one of the owners of TFT was bragging about buying a private jet for the huge tax writeoff.....
Anyone successful in doing a chargeback with them?
The whole migration from mt4/mt5 to dxtrade and cTrader has been ridiculous. Firstly all non-US traders were to be automatically migrated to c trader , then those people had to submit a ticket for the same thing , only for all communication to be ignored. Promo codes and random % added to challenge accounts to cover the Shit Show. Finally , the sheer audacity to send a poll ‘how can we regain your trust’
It was like you said, a complete shit show.
I know right. Why they chose to migrate non-US as well as US traders to a completely unproven platform. The whole company seems to be managed by a 15 year old kid, who btw came into the discord joking during all of the downtimes and people getting unavoidably rekt the first couple days. I only joined them a month ago and have just been dragged through shit despite performing very well. Never ever again
I exactly got tossed around by BlueGuardian in this. CTrader is a shitshow. FinesseXS, and PupleTrading isnt good either. Im out of forex for 2wks now because of this. Sterkte Jordy! Verder zoeken 😢
Time is everything in a bad business
If futures prop firms allowed swing trading i would use them
Where is everyone getting the information that TFT is bankrupt? The only information i'm getting is that they’re pausing all operations and re-launching with a diffrent platform.
If you would re-launch, why terminate all funded traders?
@@JORFX I don't know, but i haven’t found any credible information that they're actually going bankrupt.
Don’t be a stupid. They rugpulled
It's pretty obvious because they fired a bunch of employees weren't able to pay their profitable traders anymore.
@@JORFX I don't know, but I haven't found any credible information that TFT is officially bankrupt.
Hey mate may I ask, what is your goal money wise to start trading your own capital?
Is it even a goal?
I think about this from time to time - if I could earn enough through props and abandon them once I’ve reached a good target capital but then I ask myself, what is enough…
Would u care to share ur thoughts?
Sorry to hear how u’ve been affected by this btw.
Cheers 🤙🏻
Yeah for sure going to build my own account after this. I always did, but never took it as serious as I should. So from now on I will be depositing monthly and growing the personal account as well.
two firms in one day
Trading futures sucks, that's the problem with them. Most futures move in the New York session so London is out of question. They rely on us-related data so it is like trading the news. Either your stop loss gets hit or the move is gone and you cannot get on the fast train.
That sucks man, to be honest the minute FTmo stopped letting Americans participate I thought it is time to check out futures
I get that, especially if you're american.
Bhai funded next payment detihe ke nahi Bhai batvo paka batavo
I got a better idea : How about just forget about these prop firms and focus solely on your PERSONAL trading account ? At the end of the day, it is all about the skillset one builds .. If you have the skills to make money consistently on a prop firm account , then that skillset will translate into trading your own personal account.. It doesn't even matter how small the personal account is, because if one could develop the skills then the personal account will double in a short period of time..Also, with the personal account, the money is REAL, there is no wait for withdrawing profits, and there is no stupid challenges .. 😊😊
It could be a fantasy but I think there are traders that have such a high return they don't need a prop firm or attract capital through a fund (or have a youtube channel as a side hustle). If that was me, I wouldn't tell anybody and I'd be pushing money to passive investments. In the end trading is another job from which you will retire from (or just do for fun and live off the passive income)
Time to just trade without prop firms.
or just trade futures using futures props
Futures are safer!! Glad I made the switch after FTMO left USA
Looks like it's back to brokers.
I think the same if ftmo shut down it's over
Nahh ftmo too legit they been around since 2017 and give actual payouts but if FTMO gives out then I’m probably done trading
@@TheForceIsame
@@TheForceI💯 agreed
Just trade real money with real regulated brokers.
Shesh i recently bought a 5k standard challenge
wow a prop firm owned by a guy who recently graduated high school failed. i am completely surprised..
I'm doing a challenge with TopTier i hope and pray that they don't disappear
how do we know they shut down? why do I feel like they're about to make a different name and screw people again?
They need to refund everybody's passed of fails elevations
prop firm business is ponzi yet we fall for it bcz low cost big payout(imaginary)😅
Haha yes we always knew it was a ponzi. But business is business and you were able to get incredible leverage by using prop firms. ( you still are) if with the right one of course.
the5ers bro? est 2016..
They denied my $3.4k payout
Sheeesh. That’s messed up. Hopefully you started a live account with some of your funds
@@gbpjpy415 no I have failed 16 account's in last 1 year. And my first payout before this is $200 and after withdrawal successful now this is my 2nd and this happened
Devastating. Keep your head up bro.
over $7k denied here...and over max allocation
@@SacredCASHcow so sad but it's my 1st payout after struggling for 1year
Alpha capital!! check the background of the team that runs it not even ftmo has guys like this behind them.. ive used both they have the most professional dashboard as well
Report to email SEC usa
maven next
How abount FundedNext???
Also still save I believe
I’m with them. Only prop to still use my4/mt5. I don’t know how they payout 15% challenge fees if you make 5% on funded account. Sounds good though if you can get it lol. Stick to ftmo only. If they shut down it’s safe to say you better trade your own capital.
Because most traders cannot make to 5% payout they will get greedy and blow their account
thats very BAD
to say at least
FTMO is my last shot in joining prop firm@@JORFX
Blue guardian for prop firm 👍🏽
They’ll be gone sooner or later
Like they always said if you dont know where is liqudiity, youre probably it....
Time to switch to futures
Can’t they Shut down 😂😂😂?
FTMO, 5ers, and Alpha Capital are the way to go
brother you were not well informed but this company was going down since November last year
Might as well go to futures
Enjoy trailing draw down
we're cooked
Apex is next
Stay away from anything Angelo has to do with. This has happened before with another company he was with. Dude went out of business so he does not half to pay people. People should start a lawsuit against him and get there money.
Funny how he denied all the accusations a while ago and said TFT is different. Well where is TFT now😅
Frat boys running firms SMH
Forget forex propfirms. Futures Propfirms are far better for many reasons.
What about everyone’s money wtf
Gone with the wind i'm afraid.
How were they even advertising and letting people buy new challanges and then shutting down at night what a fking shit show
I know, Crazy right
@@JORFX Yh like you were saying BlueG and FTMO is the ones to go for i had 50k on TFT i know its not as much as u but for me thats a lot it just sucks :(
lets face it the funded trader was a ponzi scheme and a company that had a childish dragon and stuff like that was never going to be serious
FTMO 🔛🔝
Check out the 5ers prop firm. They are different and in it for the long term
Just stop trading prop firms. Haven’t you learnt your lesson from mff?
You all went with cheaper prop firms with easier pass criteria and you wonder why they go bust lol stick to ftmo
Also me bro 😓😓😓
Keep your head up bro. Let’s support each other
Also me 😢
@@JORFX 💯💯 bro
@@sandipdas6519 stay strong bro last year MFF today with TFT 😓 all the wave I'm in 😓😓😓
hmmmmmmmmmmmmmmmmmmm
why are you complaining like a kid bro seriously now the are referring to their page that they will return it is not permanent. they also say 20 days till they return. you pay 1500$ and you make 15-30k per month for only paying 1500$ and complain because they shut down for a while. Relax Bro
This Angelo? 😂😂😂
lmaooo
R u slow? 😭😭😭
Shesh i recently bought a 5k standard challenge
Damn