Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)
Can anyone confirm if Earn2Trade is legit? I passed their gauntlet mini and I have been waiting for a live account for about a month now. I stumbled upon this thread and it is getting me very concerned. I hope this wasn't all a scam.
I would add to the above that none of these firms are registered with the FCA (Financial Conduct Authority) in the UK. That means they're not brokerages and cannot trade.
Appius, however, can still take your subscription/reset money.
Thank you for the keen observations - I didn't really see a question here, but I assume that some of these are in fact intended as questions, so let me take the opportunity to dispel some misunderstanding.
Prop firms are not the same as brokerages, but this is a common misconception. You are correct in one thing though - none of the above companies are brokerages. But brokerages are not the only entities in the trading world who can trade. Think about it, if that was a requirement, that would mean that every retail trader needs to immediately become a licensed broker to trade for any prop firm.
Neither is the activity a financial service. If it was, it would need an FCA registration. As it stands, Appius needs no FCA registration.
Prop firms, just like retail traders do need a broker(age) to trade futures, but themselves are not brokers. In Appius' case, this brokerage (among others to be revealed later) is Advantage Futures.
Now that you mention it, I do see the coincidence on the dates. Nonetheless, you are inferring this is not a coincidence, if I understood you correctly. That would mean, that a prop firm in the United Kingdom was created, incorporated, reported to the Companys House (the government body responsible for registering companies) with relevant paperwork, due diligence from their compliance and stamped approvals handed out in the span of a single business day because of the CFTC release. That is a little bit too much credit given, even in a business friendly environment, for the processing speed of a government body.
Have a great weekend all of you!
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.
Interesting that you conveniently decided to avoid addressing phantomtrader's main point that it is Mr Csaba Ferenc Nahoczky of E2T who established a string of companies leading to Attius Trading all the way back since at least July of last year.
It's proof that E2T's claims of "searching" for a prop firm to partner after the CFTC's allegations were misleading. The truth is, Mr Nahoczky had already set up a string of companies culminating in the registration of Appius Trading as a corporation on 09/02/2020.
E2T's intent to create a replacement for Helios was well in the works a while ago. Why are you deliberately failing to disclose the fact that Appius Trading was formed by no other than Mr Csaba Nahoczky of E2T?
Traders, at least those who've managed to survive and profit of the markets for years, aren't stupid. We all have a heightened bs detector that's been honed time and again by the ruthless markets. Maybe it's time to stop beating around the bush and simply be more transparent.
I don't really care if E2T failed to find an 3rd-party prop firm and had to create their own prop firm as a Helios replacement. In fact, I 100% expected it b/c there's no way any serious prop firm would pay out of their own pocket to fund people who've passed a mere 15-day test.
But stop pretending like Appius Trading is a totally separate, 3rd-party prop firm not affiliated with E2T in any way. Legally, they're totally separate legal entities but Appius Trading was formed by Mr. Csaba Nahoczky of E2T, is that not the case?
I'm right here, Francis was not the new owner of Earn2Trade, he was the majority shareholder of Earn2Trade, and purchased the remaining 10% of shares on July 1st 2020.
The “string of companies” you are referring to are normal companies that serve different purposes within the group structure. The companies work with one another and there was a significant amount of time ensuring that the transfer pricing structure and vat taxation policies would be compliant. Different companies have different roles within the organizational structure. There is nothing unique about this and as you have already seen this information is publicly available on the internet as is the custom in the United Kingdom with their corporate registry - if there was an intention to hide any of this information, I'm sure other countries would provide more privacy.
Our intention was to build and partner with a new prop firm that was not connected to the old ownership structure. Through the new partner firm Appius Trading Limited, and its brokerage partner Advantage Futures (a respectable FCM with a long history in the market), traders will have access to the same excellent service they always enjoyed at Helios, with even lower commissions than in the past.
We look forward to growing our business and offering the best opportunity for prospective traders. Our new UK connection is one step forward in our international growth, and we have many plans to introduce new services and expand in new markets. We appreciate all constructive feedback and remain at your disposal for any clarifications.
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.
In today's world, it is perhaps all too easy to second guess intentions and when communicating via keyboard you likely behave significantly differently than if you were in-person.
Earn2Trade has been a sponsor of futures io for a few years, and during this time they've provided a valuable and in-demand product with very high service and positive reviews.
What has transpired in the last few months does of course cause some concern. It is a complex situation. I do not presume to know the true intentions and motives behind all the parties involved. I am paying attention and trying to figure it out, just like the rest of you.
For the time being, lets keep in mind that Earn2Trade's past behavior has been a positive one. I am not here to argue the merits of whether or not the product and service they offer is of value to you, that is up to each and every individual trader to decide for themselves. But I can tell you, I would not have allowed them to ever become a Site Sponsor should I have believed that their product/service would cause harm to traders, or if they had a bad reputation.
The tone of this thread has become more and more hostile. I find it quite useful to honestly try and put yourself in the other positions position and in their shoes. I can only imagine that a business that feeds many families via their employee payroll, that has existed for many years and earned a good reputation, that has presumably been caught blindsided by actions not entirely within the control of all parties... well, it's a tough place to be.
Customers are free to ask questions, naturally, before buying a product. But beyond that, please cut them some slack and rephrase your questions, toning down the hostility a few notches. Instead, it might be far more productive to try to offer them some advice and not just complaints. If you were the new President, if you were the one writing the checks, what would you do differently?
The good news is -- Earn2Trade is not the only player in this sector. So you can vote with your wallet if you don't like them. If you do like them, then try being more constructive with your posts please.
Beyond that, I think this simply needs time to play out.
Please give an update. I found E2T to be legit. I had some difficulties which I must accept some blame for, and E2T did the right thing by me. I got a funded account after putting in the paper work( livesim) and began trading. Unfortunatley I blew up quickly and have been struggling since, but as far as I went, they were legit. I did not withdraw any profits, but would liek to know how your situation worked out.
