I did. No excuses for that.

My main issue is that they chose to terminate the account on their own discretion after I had just hit equity highs. It would have been easier to accept if it was a hard coded rule and an auto-liquidate at the electronic close. Since it's been said that they will issue a few warnings on a rule break I figured I would be safe, so I was disappointed that they didn't give me that considering that my trading was going well.

Another example would be LeeLoo's trailing drawdown on unrealized profits. They are very clear about how an account is automatically liquidated and no questions asked upon hitting this. When it's that clearly spelled out it's hard to complain.

I actually blew my LeeLoo account. I thought I could juggle it with my OneUp account, but I had to trade through two platforms at once and it became a bit too much. I didn't take it as seriously as my main account and one reckless trade got me to hit the trailing drawdown. Instant liquidation.

As for OneUp / MES I'm in communication with them. They will look into it one more time. It's possible they will pay out the profits I had made prior to that last trade.

After reading your posts, I thought I'd try one of these companies. I selected OneUp as they seemed more transparent. TopStep doesn't want scalpers - and that's what I do exclusively. LeeLoo has curious rules about withdrawing your money which is suspicious. I have 5 days left with OneUp to get funded. Current stats below. Of all these companies, OneUp seems more straight forward, to me anyway.

Are you going to give it another shot? Looks like you did very well. You know the old saying: "Crap happens when you're not looking". Been there done that a number times too! Best of luck to you

Great job! Just have to take it nice and easy now.

I do not know these companies in detail, but it's been my impression that OneUp / MES offers the best deal both in terms of cost and actual rules.



Thank you.

I haven't quite decided as I'm still thinking they probably don't have that much interest in seeing me or other traders succeed? Liquidating a winning account with a rising equity curve without a warning proves that. Even prior to this incident I was paranoid that they suddenly might decide to just liquidate my account for some reason or by me doing some minor slip up.

I'm relocating and have holiday coming up so doing a simulated program was a nice opportunity in case it turned out to something good. When I'm settled again this fall I might just focus on my smaller private account.

It would be great to actually trade for a firm and be backed, but I'm somewhat in conflict about the entire situation.

Good to take a break. BTW, I read somewhere that after September the break at 3:15 pm in the futures will go away - so straight 24 hour market, no breaks. I wonder if that will affect the rules or margins?

Had a visitor this morning as we're chatting. Young guy, already tagged. What a life!

Good luck and have a nice holiday.




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the 3:15-3:30 Exchange time break for stock indices already went away, so it is in line with most other futures markets. The break from 4 PM to 5 PM is still there, and as far as I know, is not going away.

Cool visitor!

Good to take a break. BTW, I read somewhere that after September the break at 3:15 pm in the futures will go away - so straight 24 hour market, no breaks. I wonder if that will affect the rules or margins?

Had a visitor this morning as we're chatting. Young guy, already tagged. What a life!

Good luck and have a nice holiday.

You appear to be living in a nice place! Speaking of relocating - I'm tiring of the city life, so might have to move closer to nature myself.

Likewise and feel free to keep us posted on your progress in this thread if you want to. It would be great to see you succeed with this.

Best regards.

Update:

I had an ongoing correspondance with OneUp customer support yesterday and wanted to see how it ended before giving any details. I was hoping my account would be re-opened, but it ended with me getting paid 20 % of the $3.8K I had generated prior to the rulebreak.

I do think OneUp / MES is probably the best get-funded company, but I’m not convinced that they actually want traders to succeed? And my recent experience kind of proves that. I was $7K in profit – yet they chose to liquidate my account without giving me a warning. In customer support they later on accused me of having broken the rules FIVE times prior to that and holding overnight on the 29th (I was not funded then), too. It turns out they were mixing my account up with someone elses. Not very assuring. I wonder why that guy wasn’t liquidated when he held overnight then?

It seems to me that as a funded trader you’re initially trading on a simulator. So, if you progress so far as to getting paid, your profits are paid directly from the company. As such, they might not really want you to get that far. Their main income is probably collecting subscription fees. I may very well be wrong, but this does seem suspicious to me if I can be perfectly honest.

Now, let's just all root for phantomtrader to continue his great trading and stay funded!