Futex (UK futures broker) halts trading - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Futex (UK futures broker) halts trading
Updated: Views / Replies:8,241 / 48
Created: by Keab Attachments:3

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 3  
 
Thread Tools Search this Thread
 

Futex (UK futures broker) halts trading

  #1 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/Dow/US 10 yr futures
 
Posts: 266 since Jul 2013
Thanks: 40 given, 93 received

Futex (UK futures broker) halts trading

Profit & Loss | News: Buy Side: Injunction Halts Trading at Futex

The UK is a bit weird, it's very hard to trade futures here as there aren't too many brokers. Looks like there's one less now.
Have been trying to find out more info, it appears that a trader there tried to take money out and was unable to, hence the injunction. This is not verified however.

Makes me despair to be honest. How the f**k are you supposed to trade, do your due diligence, find a decent broker (which Futex are supposed to be), and then they have problems that you have no idea about.
And yes, accts are supposed to be segregated. But are they really? Who knows? How are you supposed to tell this other than asking them and then they say "yes."

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 1,993 since Sep 2010
Thanks: 1,887 given, 2,682 received
Forum Reputation: Legendary



bootsyjam View Post

Makes me despair to be honest. How the f**k are you supposed to trade, do your due diligence, find a decent broker (which Futex are supposed to be), and then they have problems that you have no idea about.
And yes, accts are supposed to be segregated. But are they really? Who knows? How are you supposed to tell this other than asking them and then they say "yes."

Are they a broker or a prop firm? To me it seems that Futex is a prop firm.

Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
The following 2 users say Thank You to mattz for this post:
 
  #4 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/Dow/US 10 yr futures
 
Posts: 266 since Jul 2013
Thanks: 40 given, 93 received

Apologies, I got over excited.
Yes they're a prop firm and clear through Marex here in the UK. You can also open a self funded acct with them and trade through them using their clearing services and leverage. I was very close to doing that myself. I know someone who works there and have done some trading courses with them and am very surprised. They have real traders, trading real money and size and they know what they're doing.

Problem is you don't know what the managers are up to do you?

Reply With Quote
The following user says Thank You to Keab for this post:
 
  #5 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 1,993 since Sep 2010
Thanks: 1,887 given, 2,682 received
Forum Reputation: Legendary


bootsyjam View Post
Apologies, I got over excited.
Yes they're a prop firm and clear through Marex here in the UK. You can also open a self funded acct with them and trade through them using their clearing services and leverage. I was very close to doing that myself. I know someone who works there and have done some trading courses with them and am very surprised. They have real traders, trading real money and size and they know what they're doing.

Problem is you don't know what the managers are up to do you?

No worries. I don't like to jump to any conclusions, until there is concrete evidence there was foul play.
Further, I am not sure how managers tie in when it comes to all this. We do not have a relationship with Murex so I dont know much about them, but you can explore going to them directly(?)

I have a number of relationships with clearers in Europe and if you PM me, I can give you introduce you to a few of my contacts we do business with.

Thank you,
Matt Z
Optimus Futures
Optimus FX
There is a substantial risk of loss in futures and Forex trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
The following 2 users say Thank You to mattz for this post:
 
  #6 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/Dow/US 10 yr futures
 
Posts: 266 since Jul 2013
Thanks: 40 given, 93 received


mattz View Post
No worries. I don't like to jump to any conclusions, until there is concrete evidence there was foul play.
Further, I am not sure how managers tie in when it comes to all this. We do not have a relationship with Murex so I dont know much about them, but you can explore going to them directly(?)

I have a number of relationships with clearers in Europe and if you PM me, I can give you introduce you to a few of my contacts we do business with.

Thank you,
Matt Z
Optimus Futures
Optimus FX
There is a substantial risk of loss in futures and Forex trading. Past performance is not indicative of future results.

Indeed, who knows what has happened, but a trader who works there taking out an injunction does look rather worrying doesn't it. Will wait and see.
Thanks very much for your offer, will PM you now

Reply With Quote
 
  #7 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/Dow/US 10 yr futures
 
Posts: 266 since Jul 2013
Thanks: 40 given, 93 received

More details in the SUnday Times Firm where ?Flash Crash trader? first worked fails | | The Times & The Sunday Times
Can't say I know the name of the trader. Wow. Just....wow. So who was losing the money, or was it being skimmed off the top?

Reply With Quote
The following user says Thank You to Keab for this post:
 
  #8 (permalink)
Elite Member
Vancouver, Canada
 
Futures Experience: Intermediate
Platform: Ninjatrader, Sierra Chart
Broker/Data: Ninjatrader Continuum
Favorite Futures: ES, ZB
 
Posts: 142 since Apr 2014
Thanks: 410 given, 108 received

Wishful thinking, business as usual here. I can still sign in (see
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #9 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/Dow/US 10 yr futures
 
Posts: 266 since Jul 2013
Thanks: 40 given, 93 received

Yeah the training business is separate from the trading business.
Makes you wonder about the training, clearly works well...

Reply With Quote
 
  #10 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 2,925 since Sep 2015
Thanks: 6,291 given, 4,517 received
Forum Reputation: Legendary



bootsyjam View Post
Yeah the training business is separate from the trading business.
Makes you wonder about the training, clearly works well...

One of Futex's directors defined FutexLive as a a subsidiary arm of Futex. If that's the case I don't think they're separate.

Relevant post: https://futures.io/vendors-product-reviews/38861-futex-price-ladder-training.html#post576958

Reply With Quote

Reply



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

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Introducing daytradr by Jigsaw, new stand-alone platform

Oct 19
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Recommendation for broker/platform for scalp trading Futures bickolas Reviews of Brokers and Data Feeds 12 April 10th, 2016 12:22 AM
Looking for a new platform/broker for my futures spread trading.... SpreadOption Platforms and Indicators 19 January 6th, 2016 11:57 AM
Best broker for trading DAX futures from UK DAX trader Reviews of Brokers and Data Feeds 23 January 20th, 2014 04:46 PM
Your broker allow equities as margin for futures trading? silver99 Reviews of Brokers and Data Feeds 6 January 2nd, 2013 09:23 AM
Futures Broker v CFD Provider for trading futures rcampbell Reviews of Brokers and Data Feeds 3 January 5th, 2012 12:53 PM


All times are GMT -4. The time now is 06:57 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-10-19 in 0.11 seconds with 21 queries on phoenix via your IP 54.224.50.28