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Note, in the comments section of the tradingschools.org article, a comment from Earn2Trade was posted on September 10th.
I have no idea if it is really a statement from Earn2Trade or not, but the comment claims it is:
"Statement on Allegations of Personal Wrongdoing by Former Co-Founder
September 2nd, 2020
On September 2nd, 2020 the CFTC charged the former co-founder of Earn2Trade, Ryan Masten of violating CFTC regulations on several counts. None of the alleged incidents took place during Ryan’s ownership of Earn2Trade, nor had they any connection to Earn2Trade. By April, 2019, Ryan was already a fractional minority shareholder in Earn2Trade, and on July 1st, 2020 his final shares were purchased and he was no longer a shareholder in the company.
Earn2Trade is saddened to hear of the allegations against its former co-founder.
Earn2Trade strongly rejects the alleged activities and rejects unregulated Binary
Options trading in its entirety. Despite the current allegations, Ryan’s tenure at
Earn2Trade was a successful one. He helped build a great company and we are
proud today of what we have accomplished.
Earn2Trade prides itself on providing an objective examination and an equal
opportunity for retail traders around the world to test themselves and become
professional futures traders. We stand by the outstanding work our company
does every day, and we remain committed to providing a fair environment for
retail traders to test themselves and enter the world of trading."
I'm also not a fan of tradingschools.org and was referring to the CFTC complaint, which is 37 pages of evidence. Yes, the defendants are "innocent until proven guilty" but I'm biased toward the CFTC given my own negative personal past experience with SignalPush.com.
Admittedly I haven't looked at his site for quite a while as I haven't been looking to purchase or sign up for anything and therefore not after reviews.
Perhaps because the futures vendor industry has such a poor reputation (current company excepted of course), when I had looked at his site a long time back almost every review was slamming the vendor and with review after review it become somewhat relentless.
But then the quality of the vendor's services is hardly his fault and it always appeared that he had done a lot of research. So in retrospect probably more a problem with me reading lots of reviews en masse rather than just on the odd occasion.
Obviously I have no comment about the accuracy of his analysis of the CFTC case, not having read the original CFTC charges document, but as I inferred in my earlier post; I found this review of his much more balanced and less mocking than I remember his style used to be.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Good points! It does get depressing looking through that site. So many cons going on. I know Emmett has received death threats over some reviews, which may be why he is not as harsh these days.
I am currently in the Gauntlet Mini 150K and by the looks of things, I will succeed in getting a funded account.
My understanding from this thread is that Helios Trading Partners is essentially a related company to Earn2Trade, and while they may take on prop traders who can confirm their own success outside of E2T, its primary business is in funding the traders who are successful at E2T.
I hope that E2T can also confirm that Mr. Masten has no further connection to Helios as well. I am sure we can all understand the reasons why that would be a concern.
All in the complaint including Ryan innocent until proven guilty
These are just "allegations" in the complaint and should not be treated as facts
However---despite the above the allegations are no doubt very troubling since they are in the trading industry (options) and allege finance fraud, deceptive behavior including using aliases (Ryan is also accused/alleged in the complaint to have used an alias)
If I was Earn 2 Trade and Helios I would become very transparent now and disclose to everyone each individual who owns/controls any part or percentage in Helios and Earn 2 Trade
This is certainly a moment where the 2 companies (Earn2Trade and Helios) can actually GAIN market share against competitors if they handle it right. I believe being more transparent about the funding company and tryout company would help them. The 2 may be separate entities legally but in reality most people look at them as being tied together despite the fact that they are 2 different legal entities
Earn2Trade Funding Firm Founder Charged With Fraud
The links in your post do not point where you meant them to, because you have placed WIKI tags around them. (You may have used the editor's icon that looks like a link in a chain, but it's not ) This makes them point to blank pages in the futures.io wiki section.
You can just type the URL directly in the edit window, and it will work as intended.
FIO moderators do not edit members' posts, so I am leaving yours as-is. If you want to correct it, you can edit it within 24 hours of its posting time.