I knew you will attack me personally... there are others here who have called your operations scam! I wounder if you will attack them personally like this also? or take them to court! -I never called you or other business like yours SCAM or Illegal - I even agreed that for those who can pass these tests with minimum outlay it might be worth it All are free to support an opinion expressed by others.. some support you some post same logic as I have .. There are certainly questions about this business model when you look at how the true Props firms behave, you dont see By attacking like this you are not achieving anything positive that for sure.. You could not even answer the notional value of account question asked by me and others.. This question is not about "expose our revenue structure or other intimate details" any way carry on there are enough suckers in the world for the hamster wheel dont bother replying Your business model is not only great for you but the best things that ever happened since invention of sliced bread!
I agree... trying to do that in Prague! also there could be class action! if enough people are involved
The way I see these "Pay2Play" funding companies is this...regardless of what you think about them, they are legit in the sense that if you are a good risk management trader who gets through the evaluation --- then you have a really good chance to make some serious trading profit with no risk yourself. They "will" pay you your 80% cut. That has never been in dispute.
The point is --in either case - USA or Prague or other countries that you are not getting your money back if any of these firms abscond with profits you are owed from your funded account Prague, UK and other countries outside US: logistically impossible/unrealistic to sue in Prague or UK if you are US US based companies: pretty much a circle jerk. You are not getting your money back in this case either, sure you have a signed contract and "could" sue but in the end you will spend more in attorneys fees than you are owed so you have accomplished nothing except to spend the same amount of money (or more) that you are owed by the US firm that absconded with your money. Not to mention the years of time trying to litigate and the countless hours of stress constantly paying out money to lawyers who are all to happy to keep the billable hours machine rolling ahead on your tab for as long as they can possibly stretch it out
Agreed. The lawyers fees alone wouldn't be worth the few thousand they may owe you if you are successful.
Yep - time to just give it up traderjo Its very obvious to objective clear thinking individuals what these firms do and why they do it and that they are not changing their model.... no matter what you say to them on this board even if hundreds of other traders agree with you on this board. The only way they will ever possibly change their model is if the are under monetary pressure to do so because another company introduces a new tryout and funding program for aspiring traders that is directly eating into a substantial enough chunk of their market share and they see their cash flow seriously eroding as people flock to something that is clearly better. Right now that better deal doesn't really exist---the reason why it doesn't exist might be because the only way to make decent money in the tryout and funding traders business is to unfortunately just do what the existing firms do now and the same math that they do as well----- so in that sense if you want to start a new tryout company and funding company for traders - if you want to make a profit you may just have to pretty much replicate what everyone else is doing if you want to make any money at it and then try to gain an edge with better marketing, promoting and service and perhaps giving away at no additional charge things that some of the other firms charge for like educational materials, training and other stuff You have to do enough research to see if there is a substantially better way to offer tryouts and funding to Traders that offers a better value to Traders in the tryout phase and also provide a mathematically superior funding program for the Trader to make a better living on if they pass and are funded --- all while: a) creating a tryout that is still pretty hard to pass so you are getting people that appear to have some trade ability b) running a scaleable, sustainable profitable business model As far as technology and data Most of these firms use Rithmic, some use Tradestation and some use Tradovate. Traderjo - perhaps your time would be better spent coming up with a much better solution that offers the trader more value than what Topstep, Earn2Trade, FTMO or any of the other companies in this business currently offer. contact Rithmic Data contact TradovateTechnologies https://www.tradovatetechnologies.com/api contact Tradestation All the technology to run this type of company is out there already - it really comes down to coming out with a better solution that customers (traders) like much better than what FTMO, Topstep and E2T and others offer, having decent funding and a good business plan to grow the company to consistent profitability, and doing some very good marketing and PR So traderjo (or any other people out there that believe these companies could and should offer something better) spend some time doing some meaningful research to put your own deal together that is better than what the existing companies offer and grab your own share of the market