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First they say: "As a funded trader, use of a trading platform fees are the sole responsibility of the trader. It is the duty of the trader to make sure and cover all costs relating to use of trading platforms."
And then later: "Commissions
Total commission include: commission, regulatory fee, platform fee, and exchange fee"
What is that second platform fee?
Can you help answer these questions from other members on NexusFi?
I first contacted FuturesProfile around 2015. The reply came came with information about MES Capital even though the address was FuturesProfile. The owner behind all operations appears to be the same gentleman. I suspect that they are trying to structure things like Topsteptrader. MES is probably the capital arm, like Patak Trading, while Oneuptrader is the scout/technology company. I do not know if they will continue to use MES Capital or if they will be known as Oneuptrader going forward. MES Capital is still an active domain while FuturesProfile appears to be defunct. But, to be fair, the first reply did come back with MES Capital Group. So, I think FuturesProfile was jut a domain to drum up interest. This Oneuptrader looks more serious and different in nature. I have no affiliation with them and no official knowledge. According to the owner, he did state he had found some good traders: so presumably there are still some traders trading for MES Capital even though Oneuptrader is just launching.
Their previous broker was Vankar trading but it looks like the website is now gone and they were banned on Oct 4, 2016 as an introducing broker. They did verify to me that MES Capital had sufficient funds to fund traders: unfortunately not a positive sign that they were banned themselves for not keeping accurate funds. It would be good to know from Ninjatrader or whoever their broker is today they have the funds: based on my previous conversations with the owner, I did believe that they were more then well capitalized for funding traders. I've no reason to believe differently. It seems Ninjatrader or whoever holds the sub-accounts today should be able to verify.
a think his modele was good a have talk some time suppory he say was founds many good found some good traders with mescapital have made this oneup To evolve and make change He says He says that the business model and very profitable much more than he plan I will monitor this closely
Isn't that amazing!? Everyone wants to give the poor struggling and undercapitalized trader money to trade. Isn't that great? Just prove yourself with a paper traded account and get funded...MEAN TIME on the other side of town called Reality City, where successful traders who became licensed Commodity Trading Advisors have to prove themselves for YEARS before anyone would throw them a serious dime.
Matt Z
Optimus Futures
There is s substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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MattZ, I do not think this is a fair comparison. Most CTA's are not hitting anywhere near this level of performance and they are trading much larger accounts. Beyond that, it is not possible to replicate a very active, floor trader style, day trading strategy through subscription service because of the fees and fill issues. It is true that the odds are stacked against the trader taking these services: but the odds are, also, stacked heavily against the futures trader who tries to open a 2k-5k account and trade it. Also, in the past traders could have traded on the floor or at a real prop firm. I have signed up for Oneuptrader and will be trying out. I am concurrently taking the combine. I do suggest every trader to have an "exit strategy" and loss limits to avoid combine/oneup treadmill.
I would suggest if a futures broker wants to be really innovative: offer a free or low cost monitored combine-style service with opportunity for funding! I think it could be natural evolution or next step but many will prefer to the traditional route which is more sensible if one has the capital and the service you, brokers, offer is valued.
Quick question, I'm assuming both at TST and Oneup that if you break the rules on any given month that the next month your charged you will be "reset" essentially or else there would be no reason to continue to pay versus starting another one? Is my understanding correct and that the $100 is just to reset early? I guess what I'm asking is what happens if you exceeded a loss limit and the rebill comes up?