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So my backstory is that I did both the Futex full training course (remotely) and the futex price ladder course before Futex went bust.
I managed to stay in contact with the guy who ran the training course (Alex) who I already knew randomly via a friend of a friend and that's how I heard of Futex.
Looks like they've set up a new prop shop themselves https://axiafutures.com/ with similar training. So if anyone is looking to understand the price ladder in particular then I'd highly recommend them! Brannigan Barrett was a real trader at futex (I'm not sure that some of the people giving the course actually were!) and his advice is always clear, direct and to the point. A proper no BS trader.
Just to show that I'm not a total fan boy that is being paid to do this, I do have some criticisms of the courses that I took with Futex. The main course was something like 3 months long and was massively dragged out. I think it was that long to give the impression that you were really learning something when the reality was somewhat different. I remember asking the main trainer (older bloke who is not at Axia, am not surprised+ my g/f never liked him when she heard the classroom lectures-thought he was full of it) that after all the theoretical discussions after the fact in the classroom, I would very much like to see a trader using Marketdelta in real time to see how to use it and to see how they analysed charts. Guess what-it didn't happen. We were never really told how to try to utilise marketdelta and it's information in real time. I think trader dante does more of that in one free video than futex ever did! So that was when alarm bells started ringing.
And to be honest, a lot of this course was also "this volume profile-so now you've read a book about it go out and use it yourself in your trading, it's up to you to figure it out, we can't tell you how to use it as everyone is different." Absolute guff. Throughout this extended time of absolute guff there was a database of training videos, and by far the best ones were done by Brannigan who sadly did not feature that much in the classroom, and nor did Alex. This course had been running for years and I'm not sure how much input Alex or brannigan ever really had, especially in light of how well they communicate their trading ideas in other courses.
Following on from that, the futex price ladder course was excellent, and that was because I think my vague acquaintance Alex and other traders like Brannigan and Miltos constructed it and ran it themselves, without the guff from Futex management (who on my brief dealings with appeared to be rather unlikeable. Turned out my instincts were correct!).
It looks as if Axia Futures and their training has been constructed by Alex and Brannigan (no I haven't taken any of them them though), and if that's the case then I can definitely vouch for them as they will get to the point pretty quickly.
So to be clear-I have a vague connection with Alex, and have met Brannigan once (I think?), and both of them really know their stuff, and most importantly, are highly capable of communicating their knowledge.
So if you're looking for a training course then I can definitely recommend them, especially if they have managed to cut away a lot of the guff from any foundation courses!
As an aside, there's a lot of sharks in the trading world, and I very nearly handed over a good whack of money to trade via futex before they went bust. I would have lost it all to those absolute shysters. None of the traders there had a clue what was going on and they all got shafted too. The ('alleged') fraud was only discovered when a large trader tried to take a good whack of money out and futex couldn't do it.
Alex and Brannigan are good people and are very passionate about trading and I can vouch for them. I might trade via Axia myself to take advantage of any group rates, but after the futex debacle if traders funds are all co mingled (that's how they get great commission and leverage after all) then I'll need to see a lot more detailed reporting on the state of the broking account! So I might just stick with my clearer after all now that I think about it...
Especially if the trading included any real-edge, if any, because as soon as you get the knowledge 'out', the edge is fading and honestly, why would you as a prop shop train others for a few thousand (even 10 thousand) dollars with you precious knowledge ?
I've been following their youtube channel, and love what they've been posting. They post stuff literally every day. They look like a serious player with new ideas that I hope shakes things up a bit.
Looks like they are offering retail trading as well. Interested to see what the details are.
Does anybody know, if they are really trading live? Or are they good analsyts and SIM-trader selling courses? Aren´t there any official documents available, that they are funded at least for their own trading? Let me guess: you must trust to what they say...
Trading: Futures, spot FX, Energy Spreads Prop Firm
Posts: 61 since Jun 2011
Thanks Given: 16
Thanks Received: 61
Before opening your wallet I would conduct some due diligence. Not just for this, you should really do it with any company you are going to effectively go into business with.
(i) how long has the company been running
(ii) how much cash does the company have in the bank
(iii) registered address - sanity check, is it registered at a private home (if so why?)
(iv) directors - what other companies are they involved with or have been involved with in the past.
the above items can be researched easily using a website like duedil.com get a free trial there are lots of others. I would be very careful dealing with companies that seem to focus on training. It's much preferable to get an actual role in at a bank, institution, fund even if it's work experience only.
Looks like some of the Futex traders/trainer started a new prop shop/training courses only 6 months ago. The thing is, will it better than the Futex course for Dom drills as John Grady doesn't teach drills?
FWIW, I have a mate from Australia that trades professional and has all his working life. He trades out of London, Shanghai and Sydney routinely. He recently sent me a photo from Axia's desk in London where he knows two of the traders personally. This is a legitimate proprietary trading desk.
Waiting, Discipline and Patience Pays!