Earn2Trade Founder Charged With Fraud

Discussion in 'Prop Firms' started by LCK2000, Sep 10, 2020.

  1. traderjo

    traderjo

    Hi Destrieo I am assuming you are asking Orianna of Et2.. if so... I doubt they will disclose that kind of INFORMATION.. they can't even disclose what makes up their main revenue? what is A) tests fees collection and B) true profits from trader's trading... any way since they are a private business so they don't have too! but any transparency helps rather than attacking person who asks such "Loaded" question :sneaky:
     
    Last edited: Mar 23, 2021
    #371     Mar 23, 2021
  2. destriero

    destriero


    I'd bet they have less than $50K at Advantage.
     
    #372     Mar 23, 2021
  3. traderjo

    traderjo

    oh 50K that must be one of the biggest "partner" of Advantage :sneaky: any way jokes aside ...whatever they may have I guess you get my point about "Association with Advantage" one more "Loaded question" by silly people like me :cool:
     
    #373     Mar 23, 2021
    destriero likes this.
  4. Thank you for your feedback Traderjo, we've heard your opinion dozens of times, and there is a long record of it through the forum for anyone who wants to see who is insulting who. We honestly have nothing more to repeat on the matter.
     
    #374     Mar 25, 2021
  5. Hello Destriero,

    Earn2Trade does not have an account at Advantage, Appius does. Each account requires the total potential loss and a significant percentage on top of that to make up for any slippage on the account. Needless to say it far exceeds $50,000.00, but we hope you will respect the fact that it is not something that will be disclosed on a public forum to an avatar.
     
    #375     Mar 25, 2021
  6. destriero

    destriero


    How do you define the potential loss when short say, index futures?
     
    #376     Mar 25, 2021
  7. traderjo

    traderjo

    It is amazing how much time a company spends on a such weird defense

    Time and again diff people have exposed this business model ( not just on e2T)
    - Not disclosing real account size ( that a trader gets)
    - Disclosing real ownership structure ONLY when somebody dug deep
    - Associating with a very Large FCM as if they endorse the business and i'ts model which is absolute BS
    - Claiming that same people post negative comments under diff names on different forums
    All i am doing is putting the alternative view point when those who have not done enough due diligence post and start thinking they have found nirvana through this.
    As I said before all these mushrooming Pay for test business may have a noble motive behind it but all these questions do creep in and hope any newbee reading these on the net ( not just on ET) dismisses them ,, they do that on at their own risk!
     
    Last edited: Mar 28, 2021
    #377     Mar 28, 2021
  8. Hello Destriero,

    Whatever the auto liquidate threshold level allows people to lose, that is what we consider the potential loss.
     
    #378     Mar 29, 2021
  9. Thank you for the insight, Traderjo. I think there is a point of agreement hiding there.

    We definitely don't want to suggest anyone has found nirvana. I think we make it really clear that trading is hard and requires a ton of discipline.

    I would point out that I think we also make it clear what the offer will contain once you pass.

    We can keep it rolling on the other points as well, if you insist, but I'd just say this: if we clearly disclose the name of the FCM (which we think is important because traders should be aware of where they are heading) it is called "associating" and "bs". If we don't disclose the name of the owners on the website (no relevance to your trading) you call it "hiding". I'm not sure how to win at this game.

    Out of curiosity, have you done any of the funding programs out there?
     
    #379     Mar 29, 2021
  10. traderjo

    traderjo