The owner of the site was caught posting positive comments about himself under an assumed name, obviously to drum up business by fooling people with a story about good experiences that had never happened -- yet he, and his site, continue to receive supporting comments by forum members.
I have to see this as a willful desire to believe in the face of the simplest evidence.
I'm not knocking anyone here who does believe -- I am saying that it is amazing that anyone will still do so. Now, for all I know, the whole thing might be legit, except for the little detail of flagrant dishonesty in his self-promotion. If that's not a big enough red flag that something is up, I don't see what would be.
Be careful, folks.
The following 5 users say Thank You to bobwest for this post:
I said now that Ive talked to him, I understand why he broke the rules, I dont imply that understanding is agreeing, nor that by understanding, it was a good reason, it was absolutly not.
My basic estimate of him is that he is a simple guy, not technically inclined, and english is not his native language. He just happens to have a ton of money, wants to get it working in the market, and probably didnt read the forum rules. My opinion of him is that he is not some super evil mastermind.
And again, none of that is justification, he is not justified breaking forum rules.
Fyi, I am not capitalized by him, I roll my own bank. I have no business relationship. I got involved in this because someone read this thread, and then used it to try to shame (MESs owner) into leaving the private skype room we were in. A place where he (MES) treated eveyone with respect and he was hounded down by some crusader. It was shameful, and his attack was breaking the rules of that skype room in order for him to do this shaming.
Lots of people in the skype room saw this, and that is why this thread came back to life, go to the souce of the attack and make sure eveyone knows the details, good or bad.
Do you really need to understand rules or English in order to understand that purposely lying about your identity and falsifying information is wrong?
Sent from my phone
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following 2 users say Thank You to Big Mike for this post:
This vendor trolls several trading rooms and boasts of his services. He steers members of the rooms to his brokers (which rebate him a handsome sum) There is NOTHING for FREE !
These brokers he steers you to are NFA registered (most of them).
IF you get approached to do business with one of these "bait and switch" approaches from this guy, then just keep a record of the info and send it to the NFA under a formal complaint. While many of these educational scammers are not regulated by the industry, there can be some recourse with the brokers that benefit from their scamming techniques if we follow the trail and send it to the NFA. Im not saying I think the NFA can really regulate this, but we might squash a few flies and save some of our friend some capital.
Remember anything NOT disclosed to you that costs you money is just not right, and also remember( NFA or not) there is ALWAYS a recourse if you are the victim of a fraud !
Here's an in depth review with a lot of research. Summary below, but go to link for the in-depth analysis.
A trading firm that purports to fund traders if they pass a "free" trading test. However, the trading "test" has nearly zero disclosure as to what is required to become a funded trader. Company promises to fund trader up to one million dollars, however company refuses to verify if these trading funds actually exist. Company refuses to disclose whether any traders have been funded. Company has zero transparency and no person is willing to claim ownership of company. The company claims tight affiliations with highly dubious trading educators which leads one to assume that the company is nothing more than a lead generating scheme for trading educators and futures brokers. The logical conclusion is this appears to be a "one man band" with a moderately sized trading account that is maybe willing to take a chance on funding a few retail traders. Not a serious prop trading firm with verifiable credentials
Its sad that the worst review site, run by an admitted criminal fraudster, who doles out good reviews to companies who pay him kickbacks, is your source of info.
What you should do, or have done (with anything) is if a site/claim/ad brings up questions, you contact the company directly. I know this is the digital age, but a simple phone call is not really that hard to make.
I made contact with MES, mostly as a result of a chatroom discussion as well as this thread, here is what I found out, freely given, and later verified by real traders who did real trials and/or got funded:
-You pick your own platform, free or paid, it just must be compatable with Rhythmic.
-You take your trial (it can be Sim or Live)
-You send in your results. Unlike other props, you pay nothing for your trial, unless you choose a non free data source. Your trial doesnt have any special requirements, not even Rhythmic, and you can even use any Demo account from a broker.
-After your claimed trades are reviewed, assuming you are accepted, you are then asked to apply for an account with one of the MES brokers. You dont fund the account, you just open it with specific instructions so your account can be tied to MES
-Once its oen, you give the account number to MES and they fund it.
-Then you setup your trade platform and start trading.
-You do not pay any commisions, you do not pay for data feed-- All fees come from the trading account which you paid nothing into.
-You then prove that your trial results are matched by winning trades on the live account.
-The better you do, the higher you get funded. I was not told what the criteria is, but my best guess is that it depends largely on their gut feelings on how you are doing and if you are worth greater risk or not.
-You can request 50% of the increases be sent to you as your pay for your work, I cant remember if he said once a week or once a month, but I think its once a week.
So that is what I learned with just simple basic communication, and verified by me also talking to people who got funded.
The things I learned from talking to others (not verified by asking MES), is that the owner/funder is from Kuwait, made his money from working in the oil industry or got the money from his families company, wanted to break out on his own, wants to make the big bucks from the futures markets but doesnt know how to trade all that well himself.
Considering that we traders can get 50% of the profits and all we need to do is trade, ie work the job, and we dont hold any risk nor pay any fees, I'd say this prop firm is a pretty good deal.
Compare that with other prop firms in the US who might promise you 80%, but you have to pay for "combine" fees, which are not refunded if you fail.
In an industry where there is over a 90% failure rate among traders (some say its 96%), and where some props are collecting a heck of a lot of money from failing traders, the MES deal is the best one I have seen yet.
The following 2 users say Thank You to Zxeses for this post:
If I compare them on that basis, MES seems to me to emerge dreadfully badly from the comparison: you can take a TST Combine for fees starting at $95, and that $95 includes the $85 you'd otherwise have to pay to CME for the data-feed - that seems a tiny price to pay in exchange for the huge difference in payout, once funded: the comparison there is between 50% (MES) and 100% of the first $5,000 and 80% of all future profits (TST).
That's without even including in the comparison all the additional services and facilities available through TST, their long track-record, responsive service, and perhaps most importantly their apparently very different behavioural standards.
It seems to me that many people who have done any due dilgence worth talking about will find such a decision something of a "no-brainer".
The following user says Thank You to Tymbeline for this post:
And Emmett openly confessed to his fraud past and writes on it in detail, and writes in detail how he makes his money from the site. So a convicted fraudster going after the frauds. That makes him even more qualified. And he definitely isn't easy on anyone, unless he can prove they aren't a fraud.
I'll be waiting on your 'kickback' proof. As a matter of fact, you post it, I'll go to his site and ask him directly, and I will get a reply. He's hiding from no one. MES is. Read the whole review. Why does MES shroud themselves in secrecy?
The following 3 users say Thank You to emini2000 for this post: