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Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)
Hi @kirkvan, thanks for the report. Several other members also made reports, and this post, and others he made, has been deleted and the user permanently banned.
Since you have quoted his full post in your post, we need to ask you to edit your post to remove the quotation. It contains the original spam post and the contact info, which we do not want to have visible anywhere on the forum, for obvious reasons.
Thanks for giving us a hand, and thanks for quickly reporting this spam.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Is there any update on the funding partner? It looks like you have taken the banner down thats been there for months explaining the delay. Are accounts now being fully funded once the they pass out of live sim?
We are setting people up with live accounts (starting with the people who waited the longest) at our new UK partner, Appius Trading. Appius, clears with Advantage Futures, among others. This is not all - we have other funding partners and other FCMs in the pipeline, and we will make announcements as things develop with them.
We are offering this new relationship with lower commissions on full-size contracts, on average, about 10-15% per asset. These commissions apply both on Live accounts and on LiveSim accounts.
We will continue to offer LiveSim accounts as well. The biggest change around LiveSim, besides the lowered commissions, is the fact that traders no longer have to pay for the first exchange they select to trade (not deducted from the account balances). Instead, traders only have to pay for the second, third, and fourth exchanges, $105/month/exchange, as usual, but this payment needs to be made from credit/debit cards or PayPal.
Besides the new funding partner(s), the lowered commissions, and the first data fee waived, Earn2Trade also lowered the default commissions on the Gauntlets by about 10%.
The new funding partner is setting up people in order of how much they waited and we're hoping to catch up very soon.
The only thing waiting to be resolved is the NinjaTrader leader-follower system which is not yet ready with the new funding firm. For those traders, we still recommend LiveSim first, until that system is firmly in place and can take the live accounts.
I hope this answered the question.
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.
earn2trade has founded their own prop firm ? Appius Trading is registered to Mr Csaba Ferenc Nahoczky (the director of education and client services of earn2trade), which has been the owner of the previous prop firm Helios from earn2trade.
Suspicious, right ? However if they pay out their traders in time, who cares, right ?
glad to see i wasn't the only one who noticed that.
even their website follows the exact same template as helios's. makes you wonder what's really going on behind the scenes.
my guess is after E2T founder's indictment by the CFTC, E2T was forced to distance themselves as much as possible from Ryan which meant they had to do something about Helios since Ryan founded Helios along with E2T.
BUT, of course no legit prop firm would be willing to fund someone who passed a mere 15-day evaluation when the industry standard is usually a 3 year track record. So E2T decided to simply setup a new entity that was a Helios clone outside of US and misleadingly advertise that they had "partnered" with a new prop firm willing to fund their traders.
He's established a string of companies that leads back to Hungary:
Appius has one shareholder (registered 2/09/2020): Danubia Holdings (registered in the UK)
Danubia has one shareholder (registered 2/07/2020): Denerite LTD (registered in the UK 9/16/2020)
Atreides Holdings Hungary is the lead holding company. See jpg attached.
All the companies have a single director, Mr. Nahoczky, issuing 1 share and no capital.
