New York, USA
Joined November 2023
- Tweets435
- Following98
- Followers2.9K
- Likes709
PropFirmWatcher retweeted
Free $100,000 Signature account
Predict Bitcoin’s highest price for next week (May 4–10)
Whoever comes closest will win an account that could change your life.
PropFirmWatcher retweeted
😂😂😂😂 the only propfirm that takes 90% profit split themselves lmao finotive a big old scam
$11K PAYOUT DENIED 😞
A thread🧵 on how @FinotiveFunding denied my partner the above payout for no flimsy excuse.
If you guys are a scam, why don't you close your office and go sell some almonds
PropFirmWatcher retweeted
I admire the work that @PropFirmMatch has done for the community, but unfortunately it appears that it is still more of a company that is more interested in affiliate program money than traders.
Or how are we to understand that they are still promoting @FinotiveFunding on their site even though they have such a rich history of payout denials, bans and payout reductions behind them?
In the last week alone, dozens of traders have admitted that they too have had bad experiences with @FinotiveFunding , and that their payouts have been denied and accounts closed due to Finotive's shady practices.
It's no coincidence that Finotive Funding has the worst rating out of all 35 firms listed on PropFirmMatch.
@PropFirmMatch , please show your traders that you are genuinely concerned about their welfare and not just your profits.
People are counting on you and you are quietly promoting liars, thieves, fraudsters for a few dirty dollars.
Set an example and show that you are not just another paid affiliate site created for the success of a companies.
And in the comments, take a look at traders' experience with them 🤡
PropFirmWatcher retweeted
Here, I am sharing my experience with @FinotiveFunding.
And believe me, after reading this you will hold your head and think to what extent a firm that looks so professional can go to not give payout 🧵
PropFirmWatcher retweeted
There are only two certainties in the propfirm world - 👑@FTMO_com 👑 and the fact that 🤡@FinotiveFunding 🤡 will scam you sooner or later
And I'm not exaggerating. It's no coincidence that they're one of the lowest-rated propfirms on TrustPilot and the absolute lowest-rated firm on @PropFirmMatch
That can't be a coincidence.
A lot of you have reached out to me saying that @FinotiveFunding denied you a funded account, that they reduced your payout to 10%, or that they banned you.
I'm already full of evidence and frustrated traders who have experienced this unfair treatment by Finotive.
I will post everything in the coming days, but let's show them some 🔴"love"🔴 from the community and let's show them that all actions have consequences.
If you have direct experience with a funded account denial, ban, payout denial or payout reduction, leave a review about it on TrustPilot and on PropFirmMatch.
There is no way they are scamming so many traders and getting away with it for so long! We need to bring them to justice.
Trading is hard enough, let's not make it even harder for anyone because of scam companies like Finotive.
Let's warn all new traders to stay away from them!
@finotivecoo @finotiveceo @finotivecto @FinotivePay @FinotiveMarket @TheEuroTrader1 @StopLossMaster @lightofkingdoms @PropFirmWatch @drakvaar @AlmostTrader @eric_tan82 @stealthnfx @kskhirjan @franta_fx @PlatosTrades @ImTraderFX @TraderWixard @TraderBach @propfirmbrigade @propfundsquad @retailAle
PropFirmWatcher retweeted
With @FinotiveFunding 's scam history, it's hilarious that @PropFirmMatch warrants and associates their name with them.
At least it shows that @PropFirmMatch is more concerned about the affiliate money than the traders, which it will happily leave at the mercy of these predators and liars.
PropFirmWatcher retweeted
Interview 1:
@BaintzCEO - CEO of @BlueGuardiancom
Hi Sean, the entire prop trading industry knows you as the guy who started BlueGuardian right after turning 18 and you've been running it ever since. But tell us a bit about yourself. What do you do in your free time when you're not working? Where are you from, and what inspired you to start a prop firm?
Hi, I’m from Birmingham, in the West Midlands of England, although I moved to Dubai with the company late last year. Currently, I’m working about 8-10 hours every day, but when I get time off, I love to travel. As a child, my family could not afford to travel, so now I try my best to experience different cultures and countries. I started BlueGuardian in 2021 because there were only a handful of affordable and trader-friendly options in the market. It’s a pleasure being one of the longest-lasting firms in the industry.
How did you get into trading, and when did you realize it was something you wanted to pursue seriously?
I originally got into trading when I was 15 years old after coming across a fake guru online selling signals. After failing with his product, I became determined to find a way to become a profitable trader on my own. I then began following NoNonsenseForex on YouTube, which offered a free course. From there, I moved into quantitative analysis and purchased my first algo-generating software, StrategyQuant. I later managed to pass an FTMO challenge with my algos and went on to sell them commercially. With the money generated and a passion for the prop industry, I launched BlueGuardian.
You've been the CEO of BlueGuardian for three years now. Since then, many prop firms have been founded and many have also gone under. How would you evaluate the past three years? Has BlueGuardian ever faced a situation where things looked grim, and you thought you might have to shut it down?
Over the past three years, we have faced probably every single issue a prop firm could encounter and managed to overcome them. It shows that we are not just lucky; we have been tried and tested and have come through stronger than ever. There was a time towards the end of 2022 when not many people were interested in purchasing BlueGuardian challenges, and the community was dying out. We had to work on a new rebrand to revamp our image and take a larger market share. Since then, we have continued to grow strong and overcome many issues.
What's your role at BlueGuardian? Are you involved in the daily operations, or do you mostly oversee the important stuff and leave the day-to-day tasks to your team?
Recently, my role has focused more on the sustainability of the firm and company structure, while @EricGairns is in charge of day-to-day operations. I spend a lot of my time ensuring we have a profitable business and coming up with future business ideas.
Do you plan to stay in the CEO role, or are you thinking about stepping back a bit and focusing more on the overall direction of the company?
At the moment, the company needs me to run it, and I do enjoy it. Perhaps in the future, I might step back and relax, giving control to someone else, but not any time soon.
Recently, BlueGuardian has been criticized for banning people for gambling. Could you give us your take on this and specify what you personally consider gambling? Is your new BlueGuardian shield tool something that you hope will work against this?
We have banned a handful of gamblers recently, but we noticed no one likes a rule that is not properly defined and stated. Therefore, we introduced two new rules recently that are easy to follow and make the chances of gambling at BlueGuardian slim to none. This includes a minimum profitable days requirement on challenge phases (similar to 5%ers) and a 2% max risk rule on funded accounts. These simple rules ensure the company stays healthy with risk management and provides traders with clear and straightforward guidelines.
The prop trading industry changes every year. What trends do you think will shape the future of the industry? Will new firms keep popping up, or will we see a consolidation where big players take over?
The industry has completely changed. We saw a trend where influencers were starting prop firms with no experience, offering cheap challenges and easy rules. I believe the industry is much harder to enter now and even harder to become a top firm. I think the top 15-20 firms will continue to grow, and the rest will likely shut down.
Is there a prop firm you admire and would like to emulate?
Obviously, FTMO is very well respected by me. What they have achieved is amazing, even outside of the trading industry. They have moved into real estate in Prague, which is incredible. Besides FTMO, I admire the more professional firms such as ACG and FXIFY.
Tell us why you think traders should choose BlueGuardian and how you are better than the competition.
Blue Guardian has been around for 3 years now so has faced every single issue imaginable. We have proven our robustness when others haven't even been living for a quarter of our time. We are a safe reliable option with a rules that are still competitive to the market with great pricing.
Where do you see BlueGuardian in three years? What are you currently working on, and what are your plans for the coming months?
I have two big projects I am launching before the end of the year as part of the Guardian brand. We believe these will be innovative for the industry, although we have seen one other firm working on a similar project. Hopefully, we can get it launched first. In three years, I hope we will be 10x larger and offer multiple solutions for traders beyond just Forex funding.
Is there anything that irritates you about the propfirm industry that you would like to see changed?
At the moment theres a negative sentiment around prop firms meaning anything slightly negative said about a prop is instantly believed and jumped upon. It seems theres a lot of people on twitter especially who spreads a lot of nonsense without knowing the full stories or having the right knowledge. Due to this miss-infomation it further tarnishes the prop industry.
What advice would you give to aspiring traders looking to break into prop trading?
Take it slow. As a CEO, I see many traders taking challenges prematurely and failing. There’s no rush to get funded. First, prove you are profitable with backtesting and forward testing on a demo account or trial account before purchasing a challenge.
Thank you, Sean, for the interview. It means a lot to me that you were my first guest.
If you have any questions for Sean, please do so in the comments, I'm sure he'll try to give you answers.
PropFirmWatcher retweeted
@FundedPeaks is a propfirm that never ceases to amaze me.
In what world can a firm afford to share such sensitive information about its clients like IP address etc. on Twitter?
Sorry, but there is no excuse for this.
Would it be such a problem to hide the IP address, @umziefx ?
Since FundedPeaks is based in Germany, the client @Bhaskar86588334 can take legal action as this is forbidden and strictly monitored in the European Union.
Another day, another mistake, another scandal. Well played, FundedPeaks!
PropFirmWatcher retweeted
Three months ago, when I told you that @FundedPeaks ' model couldn't sustain long-term and that’s why they slip their traders and introduced strange rules like a max 2% risk on a single idea, I got a massive wave of criticism.
All their influencers and affiliates jumped on me, mocking and claiming I had no idea what I was talking about.
A lot has happened since then.
FundedPeaks slightly improved their trading conditions, denied several payouts because they didn't understand how IDs of devices and TradeZella work, and only saved face when experienced traders trained them on how it all actually works.
Two more things happened.
FundedPeaks introduced a rule requiring at least three profitable days in all phases.
AND THEY STOPPED PAYING OUT THEIR TRADERS.
While their influencers attacked me when I first wrote about possible problems, now they are silent and prefer not to talk about unpaid payouts. I wonder why?
Most traders have been waiting three weeks for their payout, and I've heard some have been waiting a month.
That's not the smooth operation your favorite influencers, who supposedly care so much about you, claimed, is it?
Today, @Pasquale_M_J posted on Discord that they are working on a solution.
You can read it yourself, but I'll save you the time and translate his message.
"We have the money for your payouts, but if we paid you now, we'd be out of money and bankrupt in a few days. So please wait – a week, two weeks, a month, I don't know."
Now, Pasquale and @umziefx are in talks with an investor to solve these liquidity issues at least temporarily. It might be resolved in a few days, but who knows.
Hopefully, it gets sorted quickly because the last thing we need is another firm going under. Even without FundedPeaks collapsing, the next few weeks in the prop firm world are going to be wild...
Once they deal with this problem, they should be safe, because three profitable days is something that gamblers and lucky traders can't handle.
And if I can advise you implement a rule that 70% of the profits on the funded stage cannot come from one day. Then your model will be truly sustainable.
PS: I'm not happy that I was right. I'm not here to hurt anyone. I'm here to show both companies and traders how things really work, and that they should be careful.
PropFirmWatcher retweeted
Trading is not just about developing the right strategy.
Trading is all about working with the mind, patience, the ability to react and the ability to adapt.
No strategy will work forever, but if you are strong in the head and you are able to adapt and react to new circumstances, you are well on your way to becoming a good trader.
PropFirmWatcher retweeted
The sad fact of the industry is that all you have to do is complain publicly on Twitter and your chances of getting the problem resolved are five times greater.
This has to stop.
Are you CEOs really so weak that every scammer and fraudster will put you in exactly the position you want?
Wake up, this is not how business works.
PropFirmWatcher retweeted
One of the biggest problems in the propfirm industry is the complete lack of innovation.
All companies just copy the models and accounts of others without showing the slightest effort to come up with something new, original and innovative.
And yet they all pretend to be different...
And the worst part of it all is that all firms are copying a model that is no longer working and whose time is slowly but surely coming to an end.
Come on, come up with something new. Don't stick to the standards. Be different.
Nothing will change if nothing changes.
PropFirmWatcher retweeted
Most traders cheer for all those influencers who suddenly collect payouts of $30K, $50K, $70K etc and think how great traders they are.
It's all lies. I have seen so many industry influencers during my career and I can say about 99% of them are absolutely terrible traders.
They do collect huge amounts of money, but it's only because they understand how the industry works, and that almost no company will dare to ban them because they would draw negative attention to themselves.
Ordinary traders should hate them rather than love them. They are the ones sucking the money out of prop firms, and they are the ones who often leave no money for ordinary traders.
Fortunately, most of the big influencers are incredibly greedy, so they will eventually lend their face to a scam and lose relevance among their fans.
PropFirmWatcher retweeted
Prop firms will be significantly tightening the rules of their challenges in the coming months.
That's almost certain, and I'm glad for it. I'd rather have clearly stated rules, even if they are hard, and then be sure you get your payout, than handle an easy challenge and then not get your payout because the company doesn't have enough money for it.
But still, there is one rule that I would like to see finally disappear from the propfirms world.
And that is the IP rule that only allows traders to use only one IP address, because otherwise they might not get their funded account or payout.
It's a clearly stated rule, but I still have one major problem with it. If a reputable firm finds out that you are using more than one IP address, they will usually give you a chance to defend yourself and explain it, but the problem lies elsewhere.
And that is that if the company doesn't like you, it's very easy for them to make up a story that you traded from another address - for example, from a completely different country, and you have no chance to defend it. And as a trader, you have no way of checking whether you actually used the IP address or not.
This rarely happens, but it can happen. I've seen it happen several times.
Therefore, if possible always use companies that have no IP rules. You'll sleep better, and you won't have to worry about the company scamming you and making up fake evidence that you have no way of defending yourself against.
PropFirmWatcher retweeted
As a risk manager, I have one piece of advice for the coming weeks.
Avoid trading news at least at the funded stage.
You can't win. Either you will get a slippage or the firm will then make excuses and not want to pay you out on the grounds that you are a gambler because no one else would trade the news.
The days of abundance and loose rules will soon be over. A lot of companies will soon be out of money, and if they stick with the current model, they won't last long.
Let's start choosing our companies responsibly, because what lies ahead will be a bloodbath.
PropFirmWatcher retweeted
When @MyForexFunds went under, a large part of their customers were taken over by @thefundedtrader , which grew incredibly in a few months and became a dominant player in the propfire world.
However, their growth was too fast and too rapid and ended up with a situation where TFT was unable to payout payouts.
TFT's defrauded traders are still in shock, but they can't be expected to quit trading, so it's only a matter of time before they return to the market and look for a new firm.
It is therefore to be expected that there will now be a big competitive battle between firms to see who can take a bite out of their market share.
If I had to guess, here are my favotites:
@FTMO_com : The biggest player, and a reliable one at that, but one that has been limping along a bit lately, and it's not exactly a firm for everyone, as it severely limits the possible strategies of its traders.
@E8Markets : My number one and my bet. A great system that runs like a well-oiled machine. Everything is a matter of a few hours, including receiving a funded account or getting paid. Plus they are reliable and pay out without the slightest problem. A very prudent and responsible company that I wouldn't worry about a potential bankruptcy with. Plus, they have come up with many innovations in the past that have improved the entire industry.
@fundingpips : Very well positioned and a big advantage in having a strong CEO that people follow. Good conditions. Some processes take a little longer than they should, but overall it is also a great choice for traders. An added problem is that copy trading is banned, which may put quite a few people off.
@FundedNext : A big player with a good community. But I'm a little worried about their shady practices. I've seen a lot of payouts rejected due to alleged copy trading and IP rule violations.
@the5erstrading : I'm rooting for them, but with their restrictions that each trader can have no more than one active account, they can't think of dominating the market. Plus, it's also not a company for everyone as they limit trading styles very much. Otherwise, I have nothing to criticize them.
@AlphaCapitalUK : Reliable company and good terms, but from what I've seen, all the processes take an awfully long time. In addition, some traders complained for example that they had to verify themselves at least three times, which again slows down the whole process. By all accounts, Alpha, its system and its dashboard is not ready for the increased onslaught of traders.
And what are your guesses for the next ruler of the propfirm market?
Share your opinion in the comments.
@DylanElchami @Khldfx @ImTraderFX @GeorgeKCEO
@retailAle @Prop_Guard @propfirmbrigade @PropFirmMatch @TheTrustedProp @TraderBach
PropFirmWatcher retweeted
Breaking news!📢 The next days will decide whether the prop companies will continue or everything will end.
Why is this happening? MetaQuotes is the one who decides.
PropFirmWatcher retweeted
6/n Hey, trading pros and FundedEngineer founders, what's the deal? Fair game or not?
🚩So how much can a trader risk to avoid getting a nasty surprise from you after passing Phase 2? 🚩
@FundedTraderH @tradertristian
@TraderBach
@Khldfx