The Funded Trader is GONE - What I think happened
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- Опубликовано: 16 май 2024
- The Funded Trader is gone and this is the reason why. I think SFT is gone too
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Развлечения
angelo belongs to jail. You could see this coming a mile away
Why ?
Could you elaborate on "see this coming a mile away"? What where the red flags?
@@DeepRacer-zr4ypyou got 20year old running company with all the sword type n shitt
@@DeepRacer-zr4yp ma guy , i dont think u hv ever hv an account with them cuz the spreads was HELL
I agree i never got a good vibe from that duschbag
Give me a break, man. You interviewed the man, you said he was trustworthy in some videos, now you say that they were just frat boys with a business, be responsible! You recommended TFT in many videos, so don't be that guy now.
Do let me know in what videos I said he was trustworthy. And please give me the number of viodes I recommended them. You'll be shocked with your conclusion
@@KimmelTradingyou were using their ref link in many videos so you basically recommend them. Be a man not a snake ….
@@Sebastian-zx1ek Even if he did, kimmel had no partnership or equity with them so he had no more information than we did about the company. Like he said, 4 or 3 months ago no one would've imagined a big one like tft shutting down. You talk as if he knew the future, give yourself a break and don't blame for no reason
@@basila420 i need no break. Bought my challenges from serious firms. Ask yourself why these guys are not activly promoting a firm like ftmo which never had any problems regarding payouts or anything. If u ask yourself that you know whats up in the industry with all these super „traders“ on youtube. 90% are not make their living from trading for sure…. ( all the juicy red links…)
@@KimmelTradingPictures are everywhere with you partying with him in Miami Beach and Dubai. Now, you trash him?
Angelo is partying with our money that's why he went bankrupt. he deserve jail for sure.
It's wild.
With a titanic violin 😂😂😂🦦
do you have a video cuz i wanna see the video
Man, I wish I had taken up his invite to the going away party!
He’s not going bankrupt, he just doesn’t wanna give any more money away and wants to keep it😂
Just stunning how they paused/rejected all payouts, then used discounts + promotions to get more payments in with that dragon challenge bs & other stuff before shutting down.
Absolutely no sympathy at all.
Ridiculous.
What else can you expect from an industry who can only pay out to someone who can trade, if enough suckers are lured in who pay for an "evaluation"? The business model is to pay influencers large commissions to lure the "traders" in, generate massive income from the fails and (hopefully) be able to pay a few successful traders. If money becomes tight, they might very well try such promotional attempts as you mentioned.
Riz keeps telling everyone he has the No. 1 Podcast in the industry,he needs to come out and make a statement about the position of SFT,his silence is DEAFENING!!!
You're right definitely waiting for him to come out and back all that transparency talk.
Man Just don't believe on anyone either Riz or any other person they all are making money , by fooling us all , in one of his video he said he don't like trading , and his main focus is on making podcast , so content, content, content . Just don't believe his fucking words.
Riz started promoting funded peaks recently in early March.
SFT FOLLOWED TFT IN EVERY WAY AND IS ALSO HAVING ISSUES WITH PAYOUT. THEY WILL RUN SAME AS TFT
@@William.-. Next Scam is on the way 🤣
I dead ass passed my phase 2, 3 hours before they shut down 😭😭😭
crazyy bro
That's so wrong brother. Condolences. It's a big deal.
Same here. I got my funded account 2 days ago and i was already 0.5% in profit
I was half way thru phase 2 bro… this is such ass
Lmaooi
The marketing for the company was a joke anyway. All kiddy swords and shields. Its the financial markets, its not a game.
Real shit 💯
Looks a bit like Minecraft! The crafters😂😂
There is nothing wrong with the idea. They just f*cked up with the payouts
maybe you influencer guys should do more research and only support serious firms like FTMO. But i remeber how you said FTMO hast nothing special and all this crap firms throwing discounts around are better. In the end guys like you are promoting the firms that gives you nice ref links....
. All those influencers are failed trader reconverted to affiliate marketers
5%er and FTMO are the last to stand in this prop firm storm
what research. there is only so much information you can have. you could argue traders should also be making their research
@@drken9093 its a difference between trading there and sctually promoting a prop firm. Kimmel milked the ref links blindly to the end, open your eyes. They were throwing around these discounts from the beginning and now he says this cant be substantial? LoL.
I give you facts. They have no own broker, no metaquote license, still accepting us clients where most serious firms don’t, denying payouts for some time, migrating people to a different platform without giving them a choice etc. Thats something he wasnt aware off? Not sure when he stopped promoting them.
They tried that, they didn't make enough to promote them
This industry needs heavy regulations, too many millions have been earned in an unethical way from these prop firms. I am still positive, changes are coming, and we are all going to benefit from this. It will just take time.
100%!
How shall a positive shift come in an industry who can only pay out to someone who can trade, if enough suckers are lured in who pay for an "evaluation"? The business model is to pay influencers large commissions to lure the traders in, generate massive income from the fails and (hopefully) be able to pay a few successful traders AND interview them about their success and the trusy firm who pays. The prop firm can only pay of there are more fails (in numbers and $$$), than winners.
@@yxcvmk I agree, but the nature of trading is that the 95% of traders lose, the business model is profitable and itself non unethical, because they give everyone the same opportunity. Business decisions and the greed are the things that ruin these company and the reputation of the other firms. In insights I miss the old "30 days challenge" era.
@@yxcvmkbruh they should do what they are making people believe that they do. Fund traders with real fucking accounts and then they would never have this problem.
@@nxclyons Nobody would risk real assets for a "trader" who was evalueated for the shortest period of time, just to give this trader a 80+% profit split, while at the same time risking serious funds from the investor side. If one has a track record of generating 5%/month, the investors would knock on the door. No Prop firms needed. I am surprised that this shady model made it that long. Granted: A few did make serious $$$, but at the cost of the lured in suckers 🙂
I think the prop firm industry has gone through a bonanza just like online poker did years ago. Eventually the losing players run out of money or just get sick of losing and leave. Prop firms need losing players to provide cash flow and ultimately profits.
I think this is another factor that can cripple the long term sustainability of a lot of prop firms
Time is the enemy of bad businesses
TRUE
Time and price
When FTMO shuts down its game over
Nothing can happen
Never ever!!!
Nahhh
FTMO CEOs are completely different individuals, don't compare them. Also they been nearly 10 years in this industry as well.
First forex prop firm still holding high standards, they literally pay out within few hours when payday is there.
They also got good team + legal team and hundreds of millions in reserve, unlike many other props that's built on basements, B book all and barely have any reserve.
Also notice they barely do any marketing, few 10% off deals from time to time in anniversary dates and that's about it, and then look what the other firms do that go down quickly.
@@CRS_FX bro we know that already but as of now there nothing impossible
I'm done with prop firm. Lost everything. Lesson learnt.
Use the 5ers and ftmo it's been running since 2015 and 2016
Go for those which provide real funding instead of simulated funding... Ex. - 5ers , ftuk
@@abhaysoni7109 and ftmo.
You can't lose everything.
@@abhaysoni7109 what do you mean "real funding instead of simulated funding"?
The CEO of Funding Traders mentioned TFT a few times. That they were not serious in their business and untrustworthy.
Yess
Whatever prop Kimmel promotes, you know whats up.
Will it be good one or the bad?😂
SCAM
Its funny how kimmel heavily promoted this scam of a company
Tell me now, why is Alpha a scam?
What do you mean?
The issue with this is that prop firms are soo scared of influencers the prefer ti allow unsustainable trading methods and practices i.e news trading, hft scalping etc just to look good. The real prop firms don't care about social media or reputation no matter what an influencer says about ftmo or 5%ers the will never bend or change the way the operate
FTMO and 5%ers allow news trading too
5%ers probably the most unethical of them all
How is news trading unsustainable trading?
@@maxnator sir its unsustainable for the prop firm not the trader that's why even ftmo doesn't allow it except on swing accounts cause it can easily be gambled imagine a funded trader trading only news even with hedged buy/sell limits a prop can't replicate that cause the know its dangerous if it pays off yes the trader makes money but not the prop. Secondly hft robots can make extremely high profits in less than no time with seconds scalping and arbitrage techniques the prop can never benefit from those that why I talk of sustainability. The environment has to be sustainable for both prop and trader and not one-sided
@@primetradixnevafomo5412 lol if it was unsustainable then brokers would not allow it too. By the way FTMO allows it on swing accounts. Go check. You are loud and wrong lmao
The business model is not sustainable if their real interest is not about their profitable traders' success. Imagine a real prop firm saying "we're looking for profitable traders" and the real traders are the reason the prop firm goes bankrupt. Lol, It's so ridiculous...
If they were prop firms, you'd be right, but they're actually "bucket shops" or off "track" exchanges, actually a simulation video game. Their model works for that, it's just a bit of a Ponzi scheme and it's getting to be competitive. The bucket shops will consolidate and shrink but probably remain.
Thats why there are very few real prop firms out there. You actually have to show up to their office and stay there for years before they handle you capital. Paper trading companies nowadays are just a video game
Exactly. But man, everything is just a game..from RUclipsrs pretending to be traders turning trading into an "illusion" so brokers and prop firms can receive a lot of people believing trading is their solution and they can do backtesting and become traders
There's a reason why trading is not taught at any college and here we are like clowns thinking we "know how the markets move" or "it all comes down to psychology". We have to be blind not to understand we're the business, we're the sheep and the few ones actually making money ARE ALLOWED to make money
I literally just got funded didn’t even get a payout
Never trusted tft from the beginning all because their ceo. Their ceo looks lore like a thug to me than a businessman, i would never give my money to a company run by someone like him. He looks like a scammer 100 miles away
Omg. Do a deep analysis on the next firm you choose to pass. The real value is in you. Good luck
Same got funded yesterday lol😂
bro
I feel for you
my forex fund killed me last year
Same. I have 100k funded at sft, 100k in phase 2 and a few 50k accounts in phase 1 at SFT... All about to be gone lol!
@kimmel trading what about SFT......
I stopped buying challenges and switched to futures props once metaquotes stopped serving props. The writing was on the wall at that point
Good decision
@@KimmelTrading you re like moneys.jumping from tree to another firm
They stopped it for us clients. Serious props still offer Metatrader…
After seeing angelo in ONE interview i knew what type time he was on
bro, i bought three 50K accounts with TFT & three TFF 50K's, they paused operations to switch to C trader and DXtrade, i can relax a little, and now TFT shutsdown... also was in phase 2 with MFF and then it shut down. I literally cant catch a break with these firms smh
Go with other/better firms. All these new shiny ones are risky
Go for FTMO, Atleast you know they're genuine
Do chargeback bruh wtf nobody teach you.?
Whays that? @@aby9x
😂😂😂😂😂
RIP...TFT
I was supposed to get a 7k figure payout from them... Fkn bullshit
7k figure? You mean just 7,000. I relate though
😢
Because of you they shut down I think😂
There are not enough zeros for that 😂
Oh yea i meant 7000 my badd😂
Personally i believe there should be a cap to the payout's example 6% a month this would help prop firms properly strategies their prices to cover cost of payout's and other overhead making the industry grow i would also suggest that peop firms a book traders that have been consistent for over 6months and proven track records of over 2yrs this would enable them payout even when businesses is slow also creating reserves is a necessity this is just my opinion on how i believe propfirms can remain profitable 😅
True. I think 6% is too little maybe. Who knows
@@KimmelTrading It's not the answer. That model is broken. If firms cannot create revenue from consistent profitable traders then it's a ponzi scheme. Why should profitable traders be 'capped'?
What i was thinking is that consistent traders get the opportunity to scale up and remove the payout cap.for example if a consistent trader which is abooked has the ability to unlock uncapped payout percentage if he gains 10% on a hundred k account 6% can be paid out through failed challenges and the remaining 4 from the profits of abooking the traders 😅
@@geepremier4708 There's lots they can do. Angelo always was open they never A booked anyone... Of course it means tougher rules for traders, but it can be done.
I think the cap should be in money max 2-4k per month , doesnt matter of account size.
Please do a review about 5ers, they have been in the industry since 2016
why cant i access my client area & download all my payments & transactions for tax season?
The props that I think are safe are 2 Auda City Capital and 5ers because these 2 prop firms have been around for a long time and have lasted more than 5 years. What is important is that their vision and mission focuses on traders, there is no element of flexing like other prop firms.
You weren't thinkong about all of this when you went on their podcast?
The Funded Titanic ......it hurts
I was in phase 1 and I saw some questionable practices that I took pics of and sent to the customer service. For example, if I wanted to set a SL, it was forcing me to put the SL 55 pips away. Then let's say, you're 20 pips in drawdown and you want to add a SL to minimize your losses, it was forcing me again, to do 55 pips from the current drawdown price... So now you're forcing a 75 pip SL from Entry. Also, let's say price is currently 23.75, and you want to set a limit to Buy at 23.70, the system would force you to enter some ridiculous price like 23.50. It was numerous things like this that I was having to work around. I was still in profit, but the system wasn't matching what they were telling me the rules were.
Thought I was the only one. I never experienced it with any other time using CTrader except for when I used TFT. I thought maybe it was something on my end but I dunno 🤷🏾♂️
Thankyou so much Kimmel for keeping us updated about all the chaos happening around!
I think too many prop firms popped up and they're spread too thin to make any profit. It can only get worse from here.
seems like you knew a lot about what was going on since a long time.
This is false.
@@KimmelTradingi just watched your other video about tft.
i apologise for my harsh comments and i fully understand your point of view and that you have to take care of your interests first.
the propfirm industry as it is/was is just completely toxic.
you can not share trading ideas with your friends, because thats copytrading.
you can not stand up for someone, because you get banned for that.
i hope current events bring change to the better.
maybe you can reevaluate your decision of making your own propfirm and create a safe place for profitable traders.
keep grinding Kimmel!
The only prop firms to consider have always been FUTURES props like Topstep or Apex, everything else cfd related firms are bound to cease activities sooner or later, there's no such thing as too big to fail in CFD unregulated/gray area prop firms.
bro what about funding pips??
Any recommendations on my next prop firm.
Real transparency video i had seen in space of prop firms
Please make a video on authentic prop firm
I sure sould have used this information last week.
Is ftmo still the prop firm to fo for?
All it takes is a good look at Angelo and especially at the other guy that does the interviews to realize they are scammers :)))
Had just passed phase challenge,, after two months of hard wrk and now its all wasted
same here
Have you looked into city traders imperium? They still have MT5 and based from England accepting us clients too.
Kimmel, what are your thoughts on fundingtraders propfirm?
Whats your view about funding pips plz reply sir
Idk anymore
I’ve been funded and paid out with TFT so today was a sad day. I had a lot of hope they’d pull through and weren’t just playing us but there’s been signs it was going down. Communication was horrible, vague and inconsistent from Angelo. Then live support was removed and ticket system was put in place. Then a lot of payouts were being denied and contracts terminated. All while he and the company were still posting online. Tons of red flags! Would recommend moving to futures (prop firms) for the regulation protection because we’re all out of luck now. Sucks. If you go with a different prop form you need confirmation they aren’t b booking and are actually copying trades. Not just paying out from challenge fees.
Kimmel!!! can you do a video of prop firms that is under Easton ? or under Angelo's care other than TFT and SFT
Am i the only one noticing that the prop firm journal yt channel disappeared
@Kimmel why did you remove your tweet that said TFT is going bankrupt?
So what propfirms should we go for. I passed MFF right before they went under, lost money. I joined TFT, I was 6% up, and now they are gone too, lost money again..
Is any propfirm to be trusted now:/
FTMO
FTMO
So who owns SFT? Omar, Paladin and Rizz? So now this has proven not a soul can be trusted in this space
SFT is under TFT..they might be next
wtf did not know this - yes they just got delisted from propfirmmatch. woooow, they get on my list of "ball-kickable-invdividuals-once-they-cross-my-way"-list as well!
Marketing is what this business is all about. it's where the money is made.
sft is the biggest scam
i run away when i hear those names.
whats your opinion on Fundednext and Fundedpips?
what about fundedNext?? will it also have the same scenario too
I seriously don’t get any of you.
Why don’t you just go with a propfirm that has been here since the beginning, has legitimate contracts, etc..
I have been funded with FTMO without any real problems. I get it if people like to expand their capital. But as a first choice you should just go for FTMO😂
US citizens can’t use FTMO!!!
@@porcha8308 Oh yeah, I forgot that your government blocked y’all.
US really doesn’t want people wealthy with all their rules🤡
But literally anyone knows not to go for US propfirms since they’re all bad and fishy.
Sucks to be a US citizen nowadays, I remember back in the day that I hated to be European because I couldn’t trade options.
Now I am glad it isn’t all that strict anymore.
But if FTMO isn’t a choice for Forex I would just switch to Futures completely and gain capital to just trade your own FX accounts.
Great insight I always Love watching these over the industry.
One day he saying shit about futures props, the second he is pissed off with forex prop. Classic
I've said it before and I'll say it again; If you're trading with a company that isn't offering you real capital when you pass their evaluation....you're not trading with a prop firm.
I think the move away from MT4 and MT5 really did not appeal to new/existing customers (opting for other firms instead) and killed business and caused the firm to go belly up.... i think this might be a relatively early warning for other firms that have been shafted by Metaquotes (TFF, etc.)
You are a smart guy bro! Seen it coming beforehand!
What about the 5ers?
Mehn, where's CFTC when you need them!!!!!
Investigate the shit out of this company;
TFT and Angelo deserves thorough scrutiny
They probably will
Come on man, it seems like a profitable gig to me.
What are the backend expenses; staff, brokers fee for client accounts which is only paid on live Accounts, website management, marketing, inventory which could be managed in different ways to guarantee efficiency.
Why should a company as big as TFT go under if not for silly management decisions and unreasonable promotions...
This is completely unacceptable. I mean FTMO is 9 years for crying out loud, why are these new prop firms just disappointing themselves and their clients...
😮💨
Cftc definitely needs to step in asap
Bro, what about 5ers? they are also an old prop firm.
Not good. The owners come from very questionable backgrounds
Make one on SFT.
Man ngl I've been hating on you a bit for the silence in recent weeks but I respect some of the transparency here, you are right that part of this whole race to the bottom was infact led by traders seeking out easier conditions that obviously weren't sustainable (lower targets, unlimited days etc.) I think it's important that there is a switch where if anything it must get harder, that way those who can earn funding will atleast be properly paid out.
I knew they would be in trouble eventually due to the number of promotions they were running, simply unsustainable. Still took a challenge hoping to pass quick and get a payout but then my trading wasn't the best, went in and out of drawdown for months. They said they'll be back, so many props have been going down and coming back of late, but those were different circumstances, if they went down because of money like you said, then I can't see them coming back, unless they get a big bailout from elsewhere
Bro please make a video about sft,, its gone aswell
Wow, I was totally unaware of all the issues going on with TFT. Thanks spreading the information and giving us your take. This definitely changes my opinions on prop firms. It seems better to be taking out small incremental payouts and if you start having issues, take it as an early warning sign. Thanks again Kimmel
🙏🙏🙏🙏
What do you think about funding pips?
Pls make a video of funding pips
What about Funding pips. It.s the cheapest now with good repute.
What about SFT bro
I don’t understand how these people find a money printing machine and manage to fu#k it up.
I feel like Blue Guardian will be next. Payouts&affiliates payouts denied. I haven't been able to get money for 3 weeks…
What's the relationship between TFT and SFT ?
Owned by the same company
@@KimmelTrading Same with Rocket 21 I believe no?
what do u think of 5ers?
It's a temporary shut down
Hope FundedNext holds on😢
Don't trust them they wantedly failed my 300k challenge
Is it mean we can't trust prop firm anymore @@sasikumarsunkesula8391
People had years to take their payouts and fund a personal live account. Instead they went and bought super cars and jewelry.
These firms are an opportunity to jumpstart your trading career but can’t be relied on in the long run
Maybe talk more about trading and less about bs
Love your videos kimmel.Please drop a list of good firms.
A lot of people are hurting right now, all my TFT challenges gone but that's nothing compared to ppl waiting on payouts after all their hard work, for majority of those traders TFT was probably first choice and invested everything to get funded. All roads go back to FTMO, the only sustainable company out there. Kimmel doesn't have a crystal ball, give him a break, TFT was industry leading at one point in terms of value and innovation. Stay away from new firms, don't get sucked in by marketing. FTMO only and Futures for now, peace of mind is better then discounts. Keep you're heads up people, you too Kimmel 🙏
I appreciate you, and I appreciate this comment 🙏
FTMO are great. But there remain some other reputable prop firms that have been in business a long time (such as the 5ers & Topstep). You'll be hard pushed to get a better prop firm than either of them. And, absolutely no one offers a better scaling plan than 5ers. I use both of them and the #1 Futures prop firm. No gimmicks - just payouts! 🙂
Alpha capital group is a good one too , but jus do ur research
"Kimmel doesn't have a crystal ball, give him a break" LOL dude if you cant work it out there is no hope. #Donut
its sad that FTMO stopped accepting US customers, they are not even a choice either. And futures firms with trailing drawdowns, its time for patience if you a in USA. Literally no options.
what about Apex prop firm ?
I made a video about futures firms
thanks for the honesty and transparecy Kimmel ;) that´s why I follow you :) keep updating us
🙏🙏🙏
I repeat, Angelo better got some ball-protection if he crosses some of the affected individuals ! xD
I tried one challenge on TFT and the slippage was so bad, I failed and never tried again. I'm currently in an Alpha Capital Group Challenge and their execution is good. Haven't passed yet and may not but at least it won't be because of shady slippage if I don't. I've been happy with ACG so far, but worried about this industry as a whole.
Who is the other firm?
Brother what you think about funded next
I noticed they were marketing challenges a lot more than usual in the last few weeks. Its almost like they knew they were shutting down and were collecting as much money as possible from their clients.
Hello, so can we get a refund ? If yes, how ? thanks you all
i like that kimmel gives us all this hindsight advice like he's a boss. especially after he took lame losses recently through revenge trading and dumb technical decisions
I wonder if they will just open new firms under new business names and begin this whole thing again
they won't be able to have the same ceo at the face of the company. but they can just have some new "trustorthy" ceo be the new face
What do you think about funded trading plus?
So SFT too will be going down😢
Yes, I believe so
And yet the so called founders are still present in the space ? Fxked
@@KimmelTrading but SFT has any partnership with TFT? I didn´t know
Owned by the same company@@luisbarbosa8136
The costumer service with SFT is gone. No replies at all (zero). Compared to before the switch from MT5.
kimmel always update
🙏🙏
I appreciate your efforts on our behalf bro
🙏🙏🙏
SFT just ceased all operations and closed all account as well
i just saw this too!!
TFT offered too high max allocation that was their downfall
I purchased TFT challenge two days ago. It’s so frustrating, now I don’t know what prop firm to use. I wanted to use FTMO but since I live in the U.S my options are limited.
Call your bank and ask for the money back. They can claim it back
@kimmeltrading can you provide any specifics on how this would work? I’m in the same boat…
I don’t think anyone can compare to the L I toke, 600k funding with TFT and a 22k payout coming 😭
Hey Kimmel Please Explain About Trusted Firms Like FTMO
Can We Trust FundedNext ?
I'm not shocked. TFT was the first prop for my ever tried so it was my first experience with prop firms. I experienced an extreme amount of slippage problems and weird shit like trades magically closing. Eventually I tried another solid prop firm and the experience was night and day. Made me realize how sketchy TFT is/was. These prop firms have a good thing going but greed always gets in the way. The tarnished their name and fell apart. Their bad.
Which one would you recommend?
Bro make a video about the swift funding also 😅...
WHY?? WHATS GOING ON
@@calliefalls3325 nothing bro I just buy the challenge of swift funding...