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Futex (UK futures broker) halts trading


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Futex (UK futures broker) halts trading

  #41 (permalink)
 NGtrader 
Burnaby, BC Canada
 
Experience: Advanced
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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)
 
xplorer's Avatar
 xplorer 
London UK
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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)
 NGtrader 
Burnaby, BC Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ironbeam, Kinetick
Trading: ES, CL, RTY
Posts: 233 since Apr 2014
Thanks Given: 758
Thanks Received: 201


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

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  #44 (permalink)
 NGtrader 
Burnaby, BC Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ironbeam, Kinetick
Trading: ES, CL, RTY
Posts: 233 since Apr 2014
Thanks Given: 758
Thanks Received: 201


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)
 
xplorer's Avatar
 xplorer 
London UK
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Experience: Beginner
Platform: CQG
Broker: S5
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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)
 DaxyMcDaxFace 
London
 
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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)
 NGtrader 
Burnaby, BC Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ironbeam, Kinetick
Trading: ES, CL, RTY
Posts: 233 since Apr 2014
Thanks Given: 758
Thanks Received: 201


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)
 Japhro 
Canada
 
Experience: Advanced
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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)
 NGtrader 
Burnaby, BC Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ironbeam, Kinetick
Trading: ES, CL, RTY
Posts: 233 since Apr 2014
Thanks Given: 758
Thanks Received: 201

They are back with their Price Ladder training program:

Price Ladder Trading - FUTEXLIVE

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