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Futex (UK futures broker) halts trading
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Futex (UK futures broker) halts trading

  #41 (permalink)
Elite Member
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No I did not because I made the claim through the credit card company so it goes to their bank. If I actually sued them it would be different I think.

I am still getting emails from Futex as they are offering courses (not on price ladder) presumably in an attempt to pay off creditors.

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  #42 (permalink)
Market Wizard
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NGtrader View Post
No I did not because I made the claim through the credit card company so it goes to their bank. If I actually sued them it would be different I think.

I am still getting emails from Futex as they are offering courses (not on price ladder) presumably in an attempt to pay off creditors.

Thanks. Did you get your money back?

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  #43 (permalink)
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Not yet, it's been about 60 days, credit card company told me takes up to 90 days.

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  #44 (permalink)
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xplorer View Post
Thanks. Did you get your money back?

Finally got the money back (50%). Wow it took about 2.5 months but just happy to get it back.

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  #45 (permalink)
Market Wizard
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NGtrader View Post
Finally got the money back (50%). Wow it took about 2.5 months but just happy to get it back.

I'm glad you did

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  #46 (permalink)
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NGtrader View Post
No I did not because I made the claim through the credit card company so it goes to their bank. If I actually sued them it would be different I think.

I am still getting emails from Futex as they are offering courses (not on price ladder) presumably in an attempt to pay off creditors.

From my understanding Futex Live is different company to Futex, and thus are still offering their services.

Not sure why they dont change their name, being associated with Futex regardless the details seems counterproductive. Though as they have failed to fulfill their obligations to you I am not sure why theyre operating at all, or allowed to operate.

The previous owner, who is alleged to have large responsibility in the downfall, is now setting up trampoline parks in Wilmslow....

https://www.linkedin.com/in/paolo-rossi-7a1b377b

I am pleased you got some of your money back.

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  #47 (permalink)
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DaxyMcDaxFace View Post
From my understanding Futex Live is different company to Futex, and thus are still offering their services.

Not sure why they dont change their name, being associated with Futex regardless the details seems counterproductive. Though as they have failed to fulfill their obligations to you I am not sure why theyre operating at all, or allowed to operate.

The previous owner, who is alleged to have large responsibility in the downfall, is now setting up trampoline parks in Wilmslow....

https://www.linkedin.com/in/paolo-rossi-7a1b377b

I am pleased you got some of your money back.

Thanks!!

Maybe they need to continue operating under the administrator in order to pay off the debts.

Wow trampoline parks... I don't know what to say. It's probably for the better.

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  #48 (permalink)
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Let me get this straight

A Prop firm that is also a teaching firm had over 5m pounds on deposit from its own traders yet had lost it all save for 800k? And are still attempting to 'teach' people how to trade? LOL

Either they lost it trading in a pooled acct or they absconded with the funds, either way, best left alone. They did seem professional and I considered taking one of their courses last year but decided not to. Ultra short term scalping just isn't for me, I discovered. I do far better on a 30m chart watching levels like prior highs/lows, and pivots etc. simple is best for me

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  #49 (permalink)
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Posts: 141 since Apr 2014
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They are back with their Price Ladder training program:

Price Ladder Trading - FUTEXLIVE

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