MES Capital Group
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Verified Trading Capital
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Verified Traders
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Transparency
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Reputation and Affiliations
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Clearly Defined Funding Program
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Summary
A trading firm that purports to fund traders if they pass a “free” trading test. However, the trading “test” has nearly zero disclosure as to what is required to become a funded trader. Company promises to fund trader up to one million dollars, however company refuses to verify if these trading funds actually exist. Company refuses to disclose whether any traders have been funded. Company has zero transparency and no person is willing to claim ownership of company. The company claims tight affiliations with highly dubious trading educators which leads one to assume that the company is nothing more than a lead generating scheme for trading educators and futures brokers. The logical conclusion is this appears to be a “one man band” with a moderately sized trading account that is maybe willing to take a chance on funding a few retail traders. Not a serious prop trading firm with verifiable credentials.
User Review
( votes)Thanks for reading today’s review of MES Capital Group.
What is MES Capital Group? MES Capital Group is a boutique prop trading firm that specializes in funding small scale futures traders. Per the company website, they proclaim a very simple, three step process to become a funded trader and receive up to one million dollars.
Step 1: “Send us your personal trading statements (or demo account fills) for 5 days. As you know other companies charge $400 per month for this. With us it’s FREE!”
Step 2: “Trial for 4 weeks (20 days). Maximum 2 contracts in 2 markets at one given time. Starting $15,000. – Make sure your account doesn’t fall below $13,500 – Maximum daily loss -$1,000.”
Step 3: “Get funded between $15,000 to $50,000, with a profit split of 50%. If you have the talent we can increase your funding up to $1,000,000.”
If any of the readers are familiar with the TopStepTrader program, then you can see that this appears to be a direct competitor to the TopStepTrader business model. However, the obvious difference is that TopStepTrader charges several hundred dollars each month in combine or testing fee’s, and MES Capital does not charge a combine or testing fee. To anyone that has been through the TopStepTrader combine or is currently contemplating the TopStepTrader program, then this appears to be a trader’s panacea. In fact, when I first looked at this offer…it appeared too good to be true.
Early Search
The MES Capital Group website came online very recently. In fact, Archive.Org has not yet indexed either the MES Capital Group or the affiliated FuturesProfile websites. A deeper search revealed that both of these websites were registered in September, 2015. The FuturesProfile.com website now forwards to MESCapitalGroup.com. A search of the domain registration reveals that the
Sattam Alsabah
websites are registered to, and owned by a Kuwaiti named Sattam Alsabah. A search of the name Sattam Alsabah reveals a Kuwaiti national with close ties to the ruling family of Kuwait. I searched through the connecting profiles at LinkedIn which reveals over 200 connections, most to people with the same last name, Al Sabah. Who are these Al Sabah people? The Al Sabah family has ruled Kuwait since 1938, you can read all about the Al Sabah’s here. Sattam Alsabah appears to have graduated from Kogod School of Business in 2001.
Sattam Alsabah appears to be have a business partner named Serif Sisman that also graduated from Kogod University in the year 2000. Both men probably
Serif Sisman
schooled together as both proclaim to have studied finance and gotten an MBA from Kogod University in Kuwait.
The address for MES Capital Group is listed at 141 W. Jackson Blvd Suite 2026 Chicago, IL 60604. The phone number is listed as 312-578-0225. A google search of both the address and the phone number reveals that MES Capital is operating out of the same office as Vankar Trading, an introducing futures broker. A search of the NFA website reveals that Vankar Trading (NFA ID: 0312722) has three registered reps: John Karvelas, Mark Lenkowski, and Thierry Rabut. Ownership of the Vankar Trading is listed to both John and Thierry. When a person calls Vankar Trading, Mark Lenkowski usually picks up the phone.
A search of the CFTC website reveals that during 2012-2013, a registered representative of Vankar Trading offered a “magic” trading software program and educational courses on how to use the software. Howevever, the CFTC shut it down and ordered the Vankar Trading representative to pay a penalty of $140,000 on September 29, 2015. Apparently the Vankar Trading representative had made false claims regarding the software and had lied under oath to CFTC auditors.
A search of the NFA website reveals that Vankar Trading violated NFA rules regarding anti money laundering provisions. Vankar Trading was fined a total of $12,500.
Criminal background checks for Sattam Alsabah, Serif Sisman, John Karvelas, Mark Lenkowski, and Thierry Rabut all revealed no federal felonies, however a handful of minor infractions could be found. Nothing out of the ordinary, and nothing related to fraud.
Initially Suspicious
Over the last 90 days, I gave gotten several dozen requests to review MES Capital Group. My initial assessment was that this looks very suspicious. On the surface, the website screams “Free Money for Traders” and/or is a cynical poke at TopStepTrader. Of course, everyone knows that there is no such thing as a free lunch for traders, especially the retail traders, whom are statistically proven to be the worst traders. And so my alarm bells started ringing. Whom would be crazy enough to start handing out money to a someone with only 20 days of trading on a simulator? Sounds like a recipe for financial disaster. Sort of like attempting to find your next wife in a brothel.
The majority of requests to TradingSchools.Org simply wanted to know if the opportunity was real. And whom exactly is offering this opportunity? The MES Capital Group website lists no ownership or company history whatsoever. There are also no state or federal filings for a corporation, limited liability company, or sole proprietor. Of course, anyone can simply throw together a website in an afternoon and start making wonderful promises of funding traders. I have uncovered quite a few that have made bold claims of funding traders, unfortunately they turned out to be scams. Some of those include: NOFT Traders, BonTrade, Nonko, Templeton Trading, and Main Streets America.
The Funded Trader Scam
So exactly how does a funded trader scam work? Its quite simple. The trading educational company offers a “trading education” at an average cost of $5,000. The company then promises that if the person learns all of materials, then the trading educational company will then provide a funded account of up to $50,000 (example) for whomever learns the educational materials and then subsequently passes a trading test. The test is conducted on a simulator. Once the person passes the test on the simulator, then they are granted the $50,000 trading account. However, the fine print clearly states that the person cannot lose more than $1,500 of the funded trader account. So, as you can see, the funded trader account of $50,000 surely sounds impressive…the reality is that the company is only allowing a total risk of $1,500.
The bottom line is that the trading educational company is taking in $5,000 and simply giving back $1,500, if the person can pass the simulator portion of the program. The net is the company makes $3,500 per customer, risk free.
Over the past year, a plethora of websites have popped up proclaiming to offer funding to traders, but only after they complete the several thousand dollar educational program and pass through a “test” on a simulator. To date, I have not had much luck finding legitimate opportunities…only vague promises and outright scams.
Legitimate Funded Trader Program
What does a legitimate funded trader program look like? Over the past year, of all of the funded trader programs that I have reviewed, there are a few things that I needed to verify the legitimacy of the opportunity. The first would be to verify that a substantial fund actually exists, and that requires that a registered broker speaks with me directly and confirms the size of the fund and the amount of traders currently trading the fund. Of all of the retail level programs that I have reviewed, only TopStepTrader could confirm that such accounts exist, and provided me with interviews with actual traders that are actively trading within the fund. TopStepTrader certainly has its own warts, but at least I can see the warts. More on TopStepTrader in a few days, lets stay focused.
Some of you might be thinking, “why should these firms even speak with Emmett Moore at TradingSchools.Org? Its their money, and they can do with it however they please!”. However, look at a company like IFundTraders.Com, which is run by a complete and total fraud by the name of Oliver Velez. He charges $10,000 to “teach” a person to trade, all with the grand carrot of maybe getting a funded trader account. Go ahead and Google “Oliver Velez funded trader scam”, you will find a wave of people that fell for Oliver’s funded trader hustle. Oliver Velez is one of many currently pushing the funded trader scam.
MES Capital Group: How could this be a scam?
For the past two months, I have tried extremely hard to get to the very core of the truth. Most of you reading this are probably thinking, “How could this be a scam?”. Seriously, MES Capital Group are only asking for five days of simulated account statements, and then they ask that a person take a free, 20 day simulator “test”, and if the person passes the simulator test then they get up to one million dollars. Sounds great right? On the surface, a person spends nothing in order to be evaluated, it appears to be a risk free proposition. The company is selling nothing! They have no educational products for sale, they charge nothing for the simulator! This could truly be a free lunch. However, lets take a closer look at how a company like MES Capital Group could possibly pull a scam. Lets go over a scenario.
Suppose that you visit MES Capital Group and you want that one million dollar funded trading account. And so, as per the website you send in 5 days of your trading results from a simulator. Of course, you are not going to send in poor results, and MES Capital Group already knows this. And so, you receive a congratulations from MES Capital Group and you have now made it to Step 2. MES Capital Group now wants you to use their simulator for the next 20 days. The 20 day evaluation period makes absolutely no mention of how much profit will qualify a person for a funded trader account. They are only asking that the account balance of the simulator does not fall below $13,500.
What if a person makes $5,000 on the simulator? Does he receive a guaranteed funded account? And for how much? What if he only makes $1,000? A funded account? There is no benchmark. Nothing substantive. Only a vague promise that perhaps a person could be funded with a minimum of $15k up to $1 million and all profits are split 50/50. This is a massive difference between TopStepTrader and MES Capital Group. With TopStepTrader, if you pass the combine, you get the funded account. With MES Capital Group, you have no clue what they will do, or if they will do anything at all.
What if you fail the MES Capital Group simulated trading test? Does a person get another attempt? Or are they banned for life? And whom would they even appeal too? MES Capital Group has absolutely nobody willing to accept responsiblity for the company. Any ownership listed on the MES Capital Group website? NOPE. Why go through all the trouble of hiding whom actually owns this company? That is, if it even is a company.
Go ahead and call Vankar Trading trading and ask to speak with whomever is in charge of MES Capital Group. The phone number is 312-578-0225. They will answer, but you wont get any answers. After I called Vankar Trading and pestered them for several days, I was transferred to Thierry Rabut and to his credit, he did attempt to answer some of my questions. But in the end, he could tell me nothing. He could only say that the trading account belonged to a wealthy retail client that was willing to take a chance on a few traders. How many traders? How much is the account? Whom is the account holder? On one call he told me several traders received funding, on another he told me 10 traders recieved funding, on yet another he told me 17 had recieved funding. All of these conversation between Thierry and myself were recorded, inconsistent, and quite frankly filled with holes. The truth is that whomever is running MES Capital Group wants absolutely nothing to do with my inquiry and will do everything in their power to avoid me. Why? What could they be hiding?
My Personal Opinion
A lot of people have emailed me and called me asking for a deep scrub of this company. To date, I have received a request from TopStepTrader and several other major players within the industry. In addition to TopStepTrader asking for information, I have also received inquiries from 9 different registered commodity brokers asking for info, and a I have received even more inquiries from retail traders wondering if this company is for real. The TopStepTrader people are mildly curious but consider MES Capital Group nothing more than a minor nuisance from a fringe, shanty player unwilling to accept any scrutiny. The registered commodity brokers consider MES Capital Group to be nothing more than a cheap marketing gimmick that could possibly bring in more retail trading customers, and ultimately generate additional trading commissions for Vankar Trading. What is my own personal opinion?
In my opinion, since MES Capital Group refuses to come into the light and reveal themselves, then I am forced into drawing conclusions from those that they themselves have chosen to closely affiliate themselves with. In short, whom does MES Capital Group consider to be their friends? After running a deep web search, and meticulously following the incoming web links that lead directly to the MES Capital Group website, we have found some very troubling affiliations with companies that many of my readers are all too aware of.
In particular, many TradingSchools.Org readers are very familiar with Global Trade Room, as well as Trade Order Flow. Both of these companies have gotten terrible reviews, and both are prominently featuring MES Capital Group on their websites. What do Global Trade Room and Trade Order Flow have to gain by prominently featuring MES Capital Group? Lets take a moment and think about the possibilities…
In my opinion, what I believe is happening is that MES Capital Group is probably funneling leads out to different trading educators, in exchange for a reciprical fee. How would this actually work? Suppose that a person takes the 20 day “FREE” trading test at MES Capital Group, but does not meet the minimum performance requirements? What happens then? MES Capital Group does not publish what a person must accomplish in order to be granted a funded trading account, and so theoretically a person can try and try and never be approved. However, what if said person receives a message directly from MES Capital Group that states that they have funded the most trading accounts to traders that specifically graduated from the educational programs at Global Trade Room or Trade Order Flow?
Can you now see how this virtuous cycle persists? A person unwittingly stumbles into a situation with MES Capital Group that may or may not provide funding. However, after the person fails the trading test, or does not perform up to the unknowable and unpublished performance metrics…then this person is referred out to a trading educator the MES Capital Group has worked with in the past, and they are more apt to provide funding to the traders that came from these specific educators. One hand washes the other hand.
Are you now starting to realize the possibilities of how a company like MES Capital Group could use the structure of their organization, with its implicit, pseudo guarantees of funding to be nothing more than an elaborate scheme to funnel out leads to trading educators? Of course, all of this is speculation, and right now I can prove nothing. But the smoke is gathering and I am hot on the trail.
Also of interest to me are several random emails that I have received from individuals that supposedly submitted actual account statements covering several months of actual, real time trading. The results were highly impressive and they certainly did not need funding, however they were curious if MES Capital Group would be willing to help them scale out and partake in their undeniably proven successes….unfortunately MES Capital Group did not approve them. Why? These are the hard cold questions that people should be willing to ask. Yet, they are so lost in the mirage of a “free” opportunity, that they cannot see the obvious pitfalls that stand before them.
Wrapping Things Up
In all fairness, I cannot say for sure if MES Capital Group is running a scam or is offering a legitimate opportunity. Everything that I have written is purely my opinion. However, it would of been very easy for me to write a fantastic, 5 star review of MES Capital Group if they would of provided even the most minimal amount of guidance on my questions. The closest that I got to having any official company representative respond to my requests was a series of very curt email exchanges that I had with Julia Harrington of MES Capital Group. In my request for answers to my questions, Julia simply responded in the emails “we are a business that does not need a review”, and “we have no competitors”. To me, her statements seemed brash, naive, disconnected, and embarrassingly unfamiliar with the landscape of the trading industry. Does MES Capital Group have competitors? Sure they do! Let me please help Ms. Harrington. Let me name just a few companies that offer funding to traders… AMR Capital, DE Shaw, Coastal, T3, ProTrade, Quasar, Marquette, Avatar, Globus, the list is so long, wide and deep that I would have to spend another hour listing your competitors Ms Harrington.
To the staff of MES Capital, this is a message specifically for you…I would love to revisit this review with more accurate and updated information. Thus far, I have recieved dozens of email messages, all asking specific questions relating to your company. Refusing to engage with the trading community, coupled with your affiliations with some very shady trading educators only leaves the impression that you are nothing more than a lead source for various trading educators.
Thanks for reading today’s review. And I have a message for the trading community…please send me any and all information on this company. Do you know of any actual funded traders? Did you submit account statements and pass the combine, were you offered a trading account? What were your personal experiences in dealing with this company? Do you know whom actually owns this company?
Hey Emmett,
Were you aware that MESCapitalGroup.com is now letting folks know that they’ve merged/partnered or some such with “One Up Trader”. Wonder if that’s changed things in any way whatsoever? Anyway, was sure you’d want to know that if you didn’t already….
Also, had a quick question about THIS outfit that emails all the time, and heavily markets to anyone that’s ever had any affiliation with trading. They flood my Inbox on Gmail on a constant basis that to ME is usually a red flag for SCAM. If you have to market THAT hard, you’re not selling something that works, IMHO.
That’s this place: https://www.getstockpicks.com/lp/bnf-tech-reveal-march-2020/
Specifically you’re hearing from: Chris Hurt – Host, Tech Investors Network
just thought I’d share this, wondered if you’d heard about MES doing the new OneUpTrader merger and/or if you knew anything about “GetStockPicks.com” or “Tech Investors Network”.
Thanks in advance for your answer(s)!
Best,
Cathy
3Es un timo
O ne up trading , se desentiende , y mescapital es un timo , no hagáis caso , Las reglas no son iguales . Gracias
I just passed the evaluation period 20 days ago with OneUp Trader.
I had to start many times from zero since I was not familiarized with the way this company works (Not holding any position overnight, maximum daily loss, etc), but I definitely passed my evaluation period by reaching $9.200 profit into the $150.000 account in 15 days.
I’ve probably invested $2.500 in this whole period since, as I told you, I had to reset my account many times and it took to me 3 months to pass.
Now that I should be trading in a live account and making withdrawls is completely unfair that they are not even answering my e-mails. The only one thing I want from them is start trading live money, thats the product I paid for in OneUp Trader and that was the deal: if you pass my evaluation period paying for it, you will trade live money.
Almost one month after I passed successfully the evaluation period and I havent received any single e-mail, not from OneUp nor from MesCapital
I hope it will finally get solved, because if they are a scam I will fight for my money till the end
Wait a minute…so you are saying that you passed the evaluation period successfully, and you were refused the live account? And they are no longer answering your emails?
If you will, please forward all emails, correspondence, and purchase receipts to legal@tradingschools.org.
I will look into this immediately.
I traded their program and it´s all cristal clear. https://oneuptrader.com/how-it-works/ I passed the evaluation twice (first time failed to keep profit up). now funded again and cashing money. don´t see your point.
It’s “would have” not “would of”!!!!!!!!
I traded with MEs and Vankar, there is definitely something wrong with them. I even met Mr. Sattam and i’ve never had the sense that he was who he claimed to be, it makes no sense that a supposed multi billionaire from Kuwait spends its time monitoring small traders, among the other things… I strongly suggest good traders to stay away from them, most likely they are just trying to profile traders, steal strategies and track record. BTW they suspende my trading even if i was still profitable !!!
I am trader with them and so are my friends…. Stop the bullshit please. If you were a real MES trader they wouldn’t boot you out. They only boot people out if you lose their money or if you haven’t trader within 45 days without informing them. We “real traders” know the rules.
Martin,
Of-course Emmett won’t write a new review unless he gets paid. Unfortunately that’s how it is. My son first got funded last year and again in Jan. He is struggling at the moment. What I like about this company is that they risk their money and not ours.
Did you find this review helpful? Yes (1) No
Hi Martin,
Hopefully your son’s trading is doing better. I know what its like to be a dad. I am cheering for your boy.
Best,
Emmett
Finished the trial successfully. Will be funded soon. Free.
MES probably haven’t paid Emmett for a review and they got hammered. Took the demo twice and I haven’t seen any problems with them. I work in the hospitality industry so no time to trade.
I will be the first to admit that I got this review wrong. Absolutely. I got it wrong! Will correct it. Just have a few reviews in the pipe that need to be completed and I will correct.
I am human. Plenty of flaws. Thanks for sharing your opinion. Nope, no payments required for a positive review. Just trying to get the truth out there.
Why not delete the review then? Or make a statement that a new “correct” review i coming up?
If you read the comments then you’ll see that Emmett has said, at least two times in this thread, that he got it wrong. How about the members of the MES community share their stories rather than attacking Emmett. TraderOnTheGo shared his/her experience and more of those type of posts would be of benefit to people who need funding.
Its a two sided sword. Readers need to know that I sometimes get things wrong, and how I corrected it.
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Hello. My dad got funded for free.
Awesome! Thanks for sharing. Hope he does well.
This blog is full of shit. 2 of my buddies including myself applied for the trials. I didn’t take it seriously after reading this blog. They got funded and I didn’t because of this crap blog! Now I have to wait 12 months. Emmett you’re an asshole for real.
Wow, sorry you got denied. Actually, I since spoken to one of the founders of MES and I found him to be very nice person. I am working on an update for MES, but I doubt my review has much to do with your failure to be funded.
MES is just looking for good traders to fund. Maybe the reason you got dumped is because maybe you are not so good?
IH,
Its not Emmett’s fault that you didn’t get funded – Take some responsibility for your own actions.
IH,
Clearly your failure is Emmett’s fault. Now that you make me think about it. Darn you Emmett I would have been a rich, good looking hunk with a supermodel on my arms if it was not for you. How can you live with yourself.
IH, you must be a Millennial. Take some responsibility for your actions and for the consequences they bring.
@DA true. Why would a company like that give info to a convict.
I have traded for MES but the account I received was not $15k. I had a $50k back in 2014. What’s written here is really harsh and certainly not true. MES approached me via LinkedIn asking me to demo for a month. Since it was free I had nothing to lose. Demo finished and I got funded with $50k, Simple as that. The DD was -$10k. Now the funding is $15k with DD -$1,500. I had no problems with them. On occasions I got disconnected from the data feed Rithmic but everything else was fine.
I emailed MES with this blog and others, they replied with this, “… we continue to offer our free funding for the talented. Many of these blogs have associated MES with other vendors and as you know we are independent and will continue to be. We do not advertise nor do we recommend. Our reputation is by word of mouth and by doing the write thing…….”
If the blogger is looking to give a good review he should actually try them out and see for himself.
“If the blogger is looking to give a good review he should actually try them out and see for himself.” Or MES could have provided the information Emmett asked for. That would have been a simple fix.
who the fuck is Emmett? this is a multi million corporation! you think they care!!
And the class acts from the MES community continue.
So what is everyone’s experience been so far with MES? Please reply only if you tried them out.
Ah, I see Cali is on the MES warpath again. Hopefully, this time you will be less hormonal in the posts you make Cali and more substantive. But it’s not looking promising; “Why would someone give information if they are free? This is what you’re tiny brain fails to understand.”
I’m with Stray Dog here. Cali, if it’s going so well for you, instead of demeaning someone’s post and their so-called “tiny” brain, how about giving us some statistics about how you are doing. Are you profitable? What size account did they give you? How long have you been profitable? You say, “If you are a beginner don’t waste your time.” So what’s your background? How long have you been trading? Are you a professional? Do you make your living trading? And finally, if MES is in fact so good, why do you insist on putting everyone else down who are merely looking for some positive proof, as Stray Dog has said in several posts.
Stray Dog, are you a mutt or a purebred? I venture, a mutt, it would fit. I like mutts.
Just your average, garden variety mutt. Woof, woof.
Aussie Stock Forums has a discussion about MES. Hopefully the link shows up. If not search for MES Capital Group – Funding Traders on that site. http://www.aussiestockforums.com/forums/showthread.php?t=30572
I’m just trying to say that this blog got it wrong with MES that’s all. I am helping traders like myself get funded for free!!
Everyone kept mentioning other peoples names which have zero affiliation with MES. I am helping you guys know that it’s free without any so called gimmicks. Just helping nothing more. It seems that the author got it wrong about MES but still has MES correlated with other…
Everything written by the blogger is full of crap!
MES Capital Group was a pleasure working with. They are not seeking the retail investor as 99.9% of them fail. They are looking for talented traders with a track record to back it. Don’t waste your time if you are a new trader. You must have what it takes to be a full time profitable trader with experience. If you are a systematic trader then apply, if not then don’t waste your time and their time.
Admittedly, I got this one wrong. Will be correctly shortly.
Thanks for your input. Hope to read more of your thoughts in the future.
Algo, are you working with them now? Did you take the trial? Did you pass? When you say they are not seeking retail investors, who are they looking for? Why would the big time professionals want to share the 50% profits? And what do you mean by a “systematic” trader? Just curious. It would seem that if you have any kind of system and good money management, you might be able to handle their limits on how much you can lose in a day or overall. Thanks for you input.
I believe he means system without human intervention. Automated trading system.
Why do MES Capital Group members write posts with a tone that you’d expect from someone if you propositioned their wife? Given the information that Emmett had and the refusal of MES to provide any information to verify that they were legitimate Emmett’s review was fair. So far we have people posting comments saying that MES is legitimate and good to work with but no substantive proof of that. Perhaps Emmett has and as he’s indicated a new review is in the works. So, can the MES Capital community please calm down?
My wife??? Good luck! And let me know if you have any success. I’ve been trying for years.
Ha ha rtchoke 🙂 but I was referring to Algo’s post and before that Cali’s post about Emmett.
Yeah, I know. But I couldn’t resist. High lob over the net, had to take it.
Why would someone give information if they are free? This is what you’re tiny brain fails to understand.
I agree! If you are a beginner don’t waste your time. If you fail then it’s a long wait of 12 months.
@ari You’re just stupid.
MES is just a bullshit way for Simon Josef fraud to keep his members hooked on paying him more money !
Ari you are very stupid
I just sent my week simming in and just got accepted to do the trial. We’ll see how it goes.
Please update of your experience with MES.
Thx.
@kai, AMAZING.
I like them very much. i took the demo account and last week no good. but no problem.
Good day traders. I have nothing bad to report on MES. I did get funded with them last month, a very bad week closed me out. $1,500 out on a $15,000 account. I haven’t paid to take the trial nor have they asked me to pay for anything. I haven’t received any marketing gimmicks. Yes it’s just too good to be true and it is true. Free funding. I believe they fund traders all over. Good luck to the traders who are taking the trials and who are funded. This website called many things right but nothing it mentioned is correct about MES.
Nile, its not exactly ”free funding” is it. You have to give up 50% of the hard earned profits.
If anyone getting into trading cant afford to put $10k into a trading account and spend at least 5 years studying then find another profession.
If you do find some consistency then you can keep 100% of the profits.
It’s free! I didn’t pay anything! That’s what we care about! I made $500 in a week and it was free LOL.
There is nothing wrong with MES. Traded live with them a month ago. Nothing bad to report about. Was a pleasure working with them.
Check out bullseyetraders.com 260 % last year woopie
Gene (and anybody else),
How did you trade to get accepted? Could you give some idea of targets and stops on the 2 contracts? Some say they don’t like scalpers, so curious how you traded to qualify for the trial.
Hello BP,
Try to send a nice PnL to them. Remember they are free so they want to see specific things. If you’re a scalper them I don’t think they’ll reply back. Hope that helps.
So how do you trade? What kinds of stops and targets did you use to qualify?
BP,
I usually get in a trade with two lots with about 12-15 tick stop on both contracts. I take profit on the first contract when I’m up 12-20 ticks. The stop on the second lot is then automatically move to breakeven + one tick. This way I know I will make at least 13 ticks in each trade I am in. I trail the stop on the remaining lot as the price moves in my favor.
Others – let’s keep it cool and keep replies civil. we can accomplish a lot without getting personal. Imho, I think Emmett is putting in an honest work here. Thank you for your hard work and maintaining this website. Cheers~
Ah, I was wondering how long it would take for this site, like so many others on the internet, to dissolve into harsh name calling and vitriolic attacks. Please, Stray Dog and Cali, refrain from this sort of frontal assault. This is a great site for traders, both new and advanced, with a lot of pertinent and helpful information. I believe Emmett is providing a good service.
Cali, you have no basis or information to assume that Emmett is only giving good reviews if he is paid. On the contrary, he has simply asked for proof. Why wouldn’t he? If someone is asking you to pay for something, don’t you first check them out as to whether what they are offering is really legit? That’s not too much to ask in my opinion. It’s fine to promote MES if you truly believe in it and have succeeded with it. Great. But why bad mouth anyone who disagrees with you?
Folks, let’s just give our opinions or experience without the need to attack those who disagree. Let’s keep this site available and interesting to any who find the information valuable.
PS. I’m still interested in knowing about both MES and TopStep, although I don’t need their money to trade. The world of trading is fraught with scams and having been a trader for over 15 years, it would be great to help those who are just starting out to avoid some of these dark traps.
Emmett, keep up the good work.
@rtchoke,
You’re right. I have many comments all respectful except the last one b/c he deserved it. You say paying someone and checking to see if they are legit. I agree with that statement. But where have you been asked to pay something? From your comment I see you don’t know what you’re talking about. More than a hundred people have said they signed up/got funded/didn’t make it and none of them received one single email asking them to join/buy a product/ or spammed. NOW Emmett says he messed up the review on MES. Again he does not understand what MES is all about and he wants to compare it to TST. MES have clearly stated they are in no competition with anyone. What they offer is not out there. Please direct me to a company like them. I’ll take free money any day.
SIM vs Live
I sent them an email and they are still asking for SIM but of-course LIVE is better. So I apologize for the confusion.
Yes they do not like scalpers. I know that for a fact!
@Eddie – Don’t you know people have nothing else to do. The names you mentioned are all I suspect previous subscribers to different rooms which they paid money and never got what they were looking for or wanted. Same with Emmett, I suspect he approached MES asking for money and was given a slap. Like many have said, why review a free service? He perhaps still believes MES has something up their sleeves. I joined the club now with other members and believe that Emmett only gives good reviews if he gets paid.
This review has more than 220 comments. No one came up with one genuine bad comment. All the bad comments were unrelated to MES or wanted to know how MES makes money.
“I joined the club now with other members and believe that Emmett only gives good reviews if he gets paid.” Really! What sort of demented logic brought you to that conclusion Cali? Was it that the scumbags and scam artists suddenly developed a moral compass and refused to pay Emmett for a positive review, despite paying affiliate fees to anyone who will direct business their way? Clearly you have an enormous bug up your ass about Emmett’s review of MES, but he did ask them to provide information and in the absence of that what else was he supposed to do? Give them a glowing stamp of approval based on refusing to verify that they were legit?
@Stray Dog
The bug up my ass went all the way up and got spit at people like you. It’s clear you haven’t taken the trial. The bug is up your ass now!
I believe a lot of the negative comments were due to the fact that MES are heavily endorsed by the known Fraudster, Simon Yousef AP from the global fraud room.
Maybe it was unjust, but sometimes people and companies are tarnished with the same brush.
@Cali No, I have not taken the trial, I don’t need to. I have a trading account that I keep abput $100,000 in for trading and another account that I keep over $100,000 in to add to my trading account if I feel the trades warrant it. I don’t have to worry about trials because I don’t have a wee account like you. However, my comment was not about MES and their trial or whether they were genuine. My comment, which you didn’t bother to address was, in the absence of information provided to Emmett by MES to verify that they were legitimate, what type of review was he supposed to write? If you could stop being emotional for a minute and be rational so that you can answer that question, that would be helpful.
@Stray Dog. Good job!!
I don’t know why they didn’t reply to Emmett but it makes sense not to. If you were a company seeking to fund traders for free why would you provide information since you’re not taking anything in return (money). If you do a google search “Get funded to trade” the top result will be Global Trade Room>MES
https://www.google.nl/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=get%20funded%20to%20trade
I believe it is free marketing for MES. Who wouldn’t want free stuff? I do and that’s why I am a trader for MES. I hope it’s clear. It makes sense to me since I have been a on/off trader for them since the beginning.
Cali,
Thanks for the clarification about SIM vs Live. You mentioned they don’t like scalpers. Have they been known to reject scalpers, even with good results? Normally I like to trade 2 lots….all in/all out at 3-5 ticks, depending on the market. Just curious if that would get me rejected.
Any advice or tips is greatly appreciated.
Hello Pug,
Again I am not sure to exactly what they are looking for but I know they do not like scalpers. Try to email them and explain that your methodology works. A live account will always help backing your methodology. Yes just try to email them. I’m interested to know if anyone got scaled up. A couple of years back I was trading 10 contracts with them. Now it’s 2. Anyone knows how long it took them to reach 10?
Pug, with all due respect. Scalping 3-5 ticks will not get you very far in this game. your win percentage would have to be extremely high to go for such small targets as the stop loss needs to be at least 15/25 ticks on most instruments. Most can move 100’s of ticks a day, why would you want to go for such small targets. its sounds similar to the method Simon Yousef uses from the GTR and I promise you know you are wasting your time.
Gene (and whoever),
One more question. What markets did you trade to qualify for the trial?
BP,
I submitted a sim pnl, trading 2 lots in CL.
Gene (and anyone else that qualified for the trial),
A few questions. First of all, did you submit a real statement or sim information?
Also, did you just trade 2 contracts or did you trade more with what you submitted to them?
@Rob B,
I couldn’t agree more! Absolutely the model is a losing one. I think they are changing that since i began a year back. I started with the $50k 30% profit share to me. Now it’s $15k 50% to me. Stop loss is at $1,500 from the $5k last year. They want to see live statements now from what I’ve heard. Like I said I know this company more than many traders as I have been with them for sometime. I proposed some changes as I want to help them out. They cannot take the retail traders absolutely!! That’s where they lost money. I agree with you in 2 years they’ll be gone if they continue this way.
There was a comment earlier that TST profits from the commissions too with Dorman. I wouldn’t be surprised. Great comment!
Cali,
From what I have heard from fellow traders taking the trial MES does seem legit. But I for one do not get it. If I was starting an online hedge fund I would be looking for a seasoned proven investor or trader with a long track record. I sure would not start some competition that promotes scalping. And IMO the way they trial is set up if basically forces you to be a scalper. Of course IMO Scalping is a fools game. If this company keeps the same business model, I would be in shook if it ever makes a dime. Yes I am aware of all the people that think they will make a fortune from scalping. Even most prop trading firms make their money off the commissions not from trader’s profits. Only time will tell. But my prediction is this company goes out of business within 2 years. Lets start the clock. The only thing that would change my mind is if Emmett does a complete breakdown of TS and how their money is made and it shows their money is not made from the fees.
@Michael- AGREED!
@Emmett- You clearly do not see what MES is all about! It’s an online hedge fund seeking to fund talented traders for free. Knowing how they operate I don’t think they care about a wee blog.
@Ari- LOL
For those of you who got passed to trial, how long did it take from after submitting your statement to get a reply? I submitted a statement (sim with 2k win in 5 days) about a week ago but no word from them. Maybe they consider me as a scalper and don’t want me to trial, I am not, maybe a bit overtrading though. Just checking whether I should still wait for them or make one try with TST.
I got an email from MES within an hour after i submitted my statement.
Sakis,
They replied in less than 24 hours. I actually submitted a 5-day pnl recently. I got a reply in less than one hour. My pnl was around $2500 after commissions and averaged around 15-20 trades per day. Back in November, I submitted my pnl via email. This time around I was told to submit via website.
Good luck!
Thank you. Guess that since they didn’t reply to me for 5 days now I should move on.
Gene,
Were these SIM or live statements that you sent to MES? And was this recently? I was reading Cali’s comment below about MES now asking for live statements only. I hope that’s not true.
It was a sim statement. I have actually re-sent it through the form on their website with some more days added and they accepted me for the trial.
@ Emmet,
It would be fair for you to remove that article since information you originally wrote is now clearly (intentionally?) misleading and wrong
.
You should also be disclosing you are paid by TST to write those reviews.
I am sure the regulators would have the same opinion.
I did disclose my affiliation with TST, and I disclosed my income and earnings. No secret there.
The article regarding MES will be updated with new information shortly. And yes, I will be talking about how I got it wrong. This is the truth, and the audience needs to know this.
Its important to note that I have uncovered quite a few scam companies that promise funding to traders, but no funding exists. The MES article was written within this context and perspective. Regardless, MES reputation should be durable enough to withstand a bit of scrutiny.
hes stolen my money
@Emmett
Why review an entity that does not sell anything? I’ve seen 4 names (Rob, Bill, Karen, Nadine) other than Emmett who have given a negative comment on MES. It’s clear none of them have taken the trial. It’s been 3 months since I have taken the trial and I’m applying again. Haven’t seen one single marketing scam.
Hello guys,
I had some emails with MES, they send me this rules for the trial:
Trial Stage: $15,000
• Initial Max concurrent markets exposure = 2 futures markets with 2 contracts each. Example 2 ES & 2 CL at the same time.
• Account shut off at $13,500 therefore make sure the account does not fall below that.
• 20 trading days must make at least $2k for final evaluation.
• No EUREX or ICE in demo (only in live).
• No Overnight positions allowed. All positions should be exited before 15:45 Chicago time. Therefore, no positions to be held between 15:45-17:15.
MES Capital is offering free demos and a free chance to make big money. Please make sure all the information you send is correct. You only have one shot at this. If you fail, you can come again in three months.
We only accept future traders. No FX or stock trading.
You will be using Rithmic RT Trader. Make sure you know how to trade it.
I asked them if the 20 trading days must be consecutive and they said yes, so I replied what happens if you miss a day, and that perhaps it was better to give a limited period of time to trade the 20 days, they have not responded.
About the commissions they told me they told me they are calculated in the trial period, and that are under $ 5, but they not have been able to tell me how much exactly.
For me, the thing that can happen is that if you pass the trial and get funded, and make money maybe they give you nothing, perhaps by finding various excuses.
About TST , they are the packaged and legalized best scam. I will maybe comment in the right section explaining the long story short.
MES is great. Very easy to work with and answers any questions I had. I paid nothing for the trial. I paid nothing ever. They never tried to sell me anything at anytime. He, the owner of MES wants to build traders for the long term. Their isnt much of any parameters to meet other than dont lose 1,500 bucks. No jumping through hoops trying to make a billion check points before being funded. Just do what you do as a trader without losing the 1500. Peace.
@BarryK
Finally a hater turning into a lover 🙂 How long you got left and what’s your pnl?
You might have read my posts earlier. I was closed out and came back. This time i’m not taking my share of the profits quickly. I want to leave a $5k cushion. That’s like 2 months of trading for me. It’s worth it cause you can start trade 10s and 20s instead of 2s and 5s. If you make it just don’t take chips off the table quickly like I did. Perhaps you don’t need the advice and good luck.
THIS POST WILL NEVER MAKE IT BUT GIVING IT A SHOT!
Hi everyone. TST is the biggest scam like any other room. They charge you monthly fees for what? To evaluate you?! You must be joking. Get on SIM!
They make you pay all those CME fees and they are in bed with Dorman. They have CME rates and they charge you $.70 for their commissions. Their model was based on stats that every 100 dummies, 10 will pass and 8 will fail within the first week and all will fail within a month! Emmett is right they fail faster when they get funded! Rithmic/ Ninja and Dorman all have a special deal with TST. It’s great for them as TST scams dummies all day long and they don’t care as long as they have dummies coming in.
Therefore, TST makes money on commissions, fees and the profit sharing if any! I will be more than happy to offer what they offer with 90% going to the trader. I know someone who took the TST 10 freaking times! So what is it, funded with $30k and get 5 contract? You can easily get 5 contracts with a $5k account trading ES for instance.
Emmett cut the bull and say it how it is!
I took the MES trial for free and traded once only. Was focusing on my live account. I haven’t seen a single email from MES soliciting. Not sure what their parameters are after you make it but i’ll take an unsolicited free offer any day, I repeat what was said before, a no brainer. You cannot compare this with TST and anything out there. I’m just stating facts here.
It’s clear Emmett got this one wrong by a mile! I hope MES buries TST asap! Emmett dare to call TST a scam? NOOOOOO! You’re on their pay-roll! I am having second thoughts about every website you’ve rated a scam now! Used to love your work and followed it, not anymore convict. Sorry.
Me not post a comment? The only time I moderate a comment is when someone starts hating on Muslims or Jews.
And let me be clear on TopStep, the ONLY reason why I have been supportive is because its important that the industry grows. They got a positive review because they actually will fund traders, albeit its a ridiculous hamster wheel. But still, some are making it work.
The only reason MES got a poor review is because I couldnt verify anything. And I obviously got this one wrong and will be writing about it.
As far as being a paid shill for TopStep, its true and I deserve the scrutiny and ridicule. To date, I have been paid about $2k and two frozen pizzas. Its not like I have this massive financial interest, on the contrary this stupid blog is a net money loser and massive time sucker.
Wolf, I don’t understand what you are saying here. Did you take the combine and pass? If so, how much of an account did they give you? How did you do or are you still trading that account? You have a lot of negative things to say about TST. Is that from your actual real time experience with them or just comments on their particular model? Someone earlier said you keep the first $5,000 in profits and then 80%. Keeping 80% with ZERO risk is something a lot of traders might want to consider, especially if you really are a decent trader and not just fantasizing about becoming consistently profitable. I’ve been trading for 15 years and although I don’t need their money, if they in fact offer a $50,000 or $100,000 account if you pass and assuming you don’t blow that up, it’s not a bad deal, again with NO risk. All of this is assuming you can trade. So was your experience a live/real experience or can you explain your negative reviews of TST. Thanks.
rtchoke, I did not take TST because I do not want to pay for being on a demo!
I have a lot of negative things to say cause these guys are hitting the core and they are scamming people. Let me give you a $1m account if you pass their trial but you have to pay $1k per month! Same thing man! You will fail and fail and fail but you’ll keep chasing that $1m! You’ll be blinded by the chance to get a $1m account!!!! You take about ZERO risk well there is no ZERo risk! You have to pay to be a dummie! What is it now? $400/month? My negative reviews are based on a company finding the sweet spot for traders and banking on it. That is unethical!! They scam people with the $100k live funded account while you have to run a marathon, swim with a great white and chase a bear! Traders are so vulnerable to this and they’ll continue to pay pay pay! Anyone with money of $50k can replicate the same model. It pays for itself within a few months! A cash cow! 1,000 traders each paying between $200/$400 a month = $30k /month (average $300). The only thing excited me about MES is they were free. Not sure how genuine that is but from what i have seen and read it’s free unsolicited. Without mentioning names I worked for almost 3 years at a prop and no one of those traders could achieve the parameters TST are setting on the dummies. This industry is FILLED with scammers. Just make sure you know that with your 15 years of trading. With your 15 years of trading can you pass the TST challenge? I bet you not. BarryK said, “serious doubts about a future trader consistently beating the markets” He is right. No one can beat the markets on a consistent bases, not even W Buffet himself. I wouldn’t be surprised if MES was a spin-off of TST! Perhaps previous employees of TST created MES! Perhaps they felt the guilt and/or were afraid of litigation matters. I’m out!
Wolf, I agree with most of what you say here and indeed, many new traders will probably give away a lot of money trying to get that “pie in the sky” $1M account. And most of them have never worked very hard or long at trading. That’s the scam — that you can become rich with little time or effort — and I’ve said in a previous post, you gotta put in the time and effort and probably give away a lot of money in the process before you get good and consistent (I’m a good example, I gave away a lot of money in the early years — I was actually philanthropic to the markets:)
But I disagree with the idea that no one can beat the markets on a consistent basis. I know traders and market makers who have retired enormously wealthy from trading. And Warren Buffett has done that. Yes he’s taken some big hits but he’s made a large fortune over time so that to me is consistency. Maybe the problem with both TST and MES is their tight drawdown number (I think between $1500-$2000). If you trade a $50,000 account (and by the way, I would assume that most new traders don’t have even $10,000, let alone $50,000 of their own money to trade and that’s also the bait used by TST and MES) but with $50,000 and using say a 2% drawdown on any trade, you could easily lose that $1500-$2000 before resuming an uptick in profits. Maybe that’s what you are talking about. In any case, I understand your outrage.
@rtchoke Where exactly is the bait used by MES is they are free? Let me know cause I want to try them out again.
@Wolf
I wouldn’t called TST a scam but a death trap for traders. Traders Vampire lol.
Again my question why is everyone comparing MES to other prop firms. It’s clear there is no comparison! They are totally separate business models. I respect what Emmett had to say and allowed you to post it. Let’s not divert away from the subject please. If you have something to say about TST put it somewhere else please not here. Waiting for Emmetts new review on MES. It’s nice to see people finally not mentioning other peoples names for a long time! Freezing my ass off!
It’s clear to anyone who knows futures trading that TST makes it’s money fro selling Combines. TST knows, too, that over 90% of traders lose money and many of those will kid themselves they can become profitable and become serial Combine buyers until they do. Repeat Combine buyers are as diseased as any other compulsive gambler. I recall reading a traders TST diary on BM and he was in his sixth combine. He refused to smell the coffee and admit he couldn’t beat the market.
MES isn’t selling anything and that’s why they want a much larger piece of the traders profits while at the same time, having a very tight loss threshold to get booted. It will be interesting if this funding business will ultimately turn out to be one that has sustainability. I have serious doubts given the odds of a futures trader consistently beating the markets.
Rob B, yes you are out the fee cost with TST, BUT one shouldn’t pay that fee unless one is almost 100% confident to pass the Combine. It makes no economic sense to pay for a Combine just for fun or to gain discipline or any other reason–you can do that for free trading in SIM.
So, I would view the Combine fee as a small cost of getting funded with that generous 100% profit payout on the first $5K and 80% thereafter. MES isn’t competitive if you do the simple math.
I hope Emmett does an updated review on TS, which has a breakdown of their profit. Maybe he will show I am wrong, but I think the vast majority fail the test. I cannot give the reason why one would take the test without being 90% confident they will pass. But even on BM where they journal their test taking they fail the test the vast majority of the time.
Oh hell yes most fail at the combine! And those that get funded fail even faster. No doubt.
With that being said, I am supposedly getting breakdown of the top ten producers and will be writing about it. Have been waiting and waiting and waiting.
Do you trade or traded a live account?
Did you have 100% confidence that you would profit and not lose your money before trading it?
@Rob B
It’s takes only one trader like me to make you understand MES. Up 36% in Jan so far.
I just took the trial with MES and had a very similar experience to Barry, and ironically on the same day. I was up in my trial account but I forgot it was inventory day on crude (Stupid ME) and went down 600.00 right off the start of my trading day. I spent majority of the rest of the day trying to recoup my losses, and then got caught up in the chop fest of the FOMC report. I went below my allowable limit 13,500.00, and was stopped out by Vankar for doing so.
I was never solicited by MES to take a trial and was never steered to them by anyone.
My experience with MES and the trial was short but was a good learning experience.
My guidelines were to not fall below 13,500.00 in the account that was 15,000.00 to start with, and to only trade 2 contracts max, on no more than 2 instruments max at the same time. My profit target for the 20 day trial was 2,000.00 clear profit after commissions were deducted. I had to ask how much they calculated for the commissions during the trial and it was 2.00 per side.
I can’t tell you if I would have gotten funding with them, since I blew my account out for not paying attention and not following my own rules, but i have no reason to think or see anything that makes me feel like they are a scam or doing something underhanded,
I will try them again after my 3 month waiting period is over.
The only negatives I can speak of are these……….
They want you to use their RT Trader order book, or DOM, to place trades with, if you don’t have a multi broker license. I had problems with the order book from the start, because I had never used it before, I only use chart trader on Ninja, to enter and manage trades.
This was like going backwards in time 10 years, because I found it, not user friendly, even very hard to use.
They will not allow you to practice with the order book, so if you are planning to take a trial, I would recommend watching the youtube video on the R Trader order book beforehand, but it wasn’t very helpful to me, on explaining hoe to placing orders or moving stops and profit targets.
I would always place the order book on top of my Ninja charts, and more than a few times, I would get a pop up in the lower right of my screen, that said I just bought or sold 1 contract, of whatever chart I was looking at.
I’m sure it was operator error on my part, but I never could see how I was doing this. On two occasions, I was just trying to draw a horizontal line on the chart and when I hit F6 to draw the line, it would enter me in a trade or cancel the one I was in. I think it would be helpful if they, (MES), would do a video that covered everything from setting up the order book to taking trades, etc. to allow folks to understand what they are doing or a let you practice before starting the trial. Just my opinion of course.
Since MES didn’t ask me for any money upfront to take the trial, I couldn’t see any reason not to try it, since I needed the trading capital, and this seemed fair enough to try and achieve it.
TST wants you to pay money in advance to take a trial, and I was always told that the first sign of a scam, is when someone ask you to pay for something in advance, in order to get something in return.
MES didn’t do this, so it was a better choice for me, since my funds are very limited anyway.
I will try this again as I said before, and if I get I get funded I’ll come back with the results.
If anyone can recommend another place like MES, that doesn’t charge money to try and get funded, please share that with me, so I can keep trying while I’m waiting out my 3 month period.
Thanks for your time in reading my post, and if you need funding why not give MES a try…………………I can’t see that there is anything to lose, and possibly everything to gain.
Great comment! Thanks for taking the time to write this.
rtchoke, you are incorrect. TST will fund you with the same account size as the Combine you pass. Si if you pass a $100K combine, then that is the amount you gave funded. TST allows you to keep 100% of the first $5K in profits. You’d have to earn $10K with MES to keep $5K of it.
As far as the business model goes, it will succeed if you gather lots of profitable traders and you keep 50% of their profits AND you cut them off when they DD $1500. At any rate, why are you so concerned if the business model works or doesn’t? You aren’t at ANY risk as a trader with either firm.
With TS you are out fee cost. I am actually not concerned as I am not using MES. Your right MES so far from what I hear is a no brainier if you need funding. But to answer your question about why I mention it. If I think their business model does not make sense that makes me suspicious of a scam. I do not want to be the goat. But so far from what I hear MES is no scam, so I say from what I heard you are correct and say go for it while that free ride last.
rtchoke, I don’t recall the exact profit from my statements to get a trial but it wasn’t an unreasonable figure . My comment about scalpers came from SK (see above). You’re right about giving it back, but as long as you’re only giving back the same daily amount as you’re winning, you should do okay IF you have a statistical edge. The problem, then, with this arrangement, is the 20 day restriction. Any trader knows there can be both long winning and losing streaks.
If I were in this to trade OPM, however, I’d use TopStep. True, you have to pay for the Combine, but you keep 100% of the first $5K in profits and 80% thereafter. The Combine pays for itself quickly when you start making profits as a funded trader. MES’ 50% split is quite inferior, the nominal combine fee notwithstanding.
Barry, thanks for the reply. My other question between MES and TopStep is how much of an account do they actually fund for you if you pass the trial. Getting 100% of an account with $5,000 doesn’t compare with 50% of a $100,000 account. MES advertises giving up to $1M. I don’t need the money to trade, I’m just curious as to how these work. As someone pointed out, getting 50% with Zero risk isn’t a bad deal. Thanks for the info.
Another trader friend of mine is taking the trial. I think in an attempt to make me eat crow as I could not understand how this business model could work. From what I hear so far MES seem legit. But I stand by my statement I just can not see how this could be a profitable business model. It just seems like if his goal is to find some great trader to trade his family money or something then he should hire one after a lot of vetting. If someone can explain to me how this business model works please do. Again I view TS makes their money off of fees and not from profitable traders.
Yes, I am Emmett.
Barry, how much did you have to show them on the 5 days of trading you account? Do they have a minimum they are looking for? And why do you say they don’t care for scalpers? Also, taking $100-200 day and quitting doesn’t insure that tomorrow you won’t give all that back. If your’e talking about staying in 1 trade too long, then I understand unless you have violated your own profit targets. I have been trading for 15 years and am very curious about any firm that offers free money with no strings attached. Also, good luck with your 20 day trial. I’m rooting for ya.
The trial profit goal is now $2K which is morel reasonable and attainable, but by no means easy. Not sure if they shun scalpers. Sounds counterintuitive given you can’t trade more than 2 contracts. To my way of thinking (and trading) you have to have a very tight stop on your trades or you’ll quickly find yourself in a deep hole. unable to crawl out of. Today was my first losing one (-$500 before commissions) and I thank my lucky stars I had a nice profit cushion to absorb the hit, otherwise I’d be quite concerned.
I’m not in a position to tell anyone who tries to get funded how to trade, but given the restrictive nature and short trial term, I suggest taking daily profits of $100-200 a day and quitting. Staying to long at the table–as I did today–is a recipe to give back hard earned profits.
Barry, are you currently trading with MES or on the trial?
Didn’t make the trial. 2 very bad losing days and out! No marketing and professional service. What’s wrong with them Emmett? They all seemed cool.
Am writing a follow up. Please contact me directly, I need to ask you a couple of questions in private. My email is emmett@tradingschools.org
It will be very important to the comunity that you can clear this TopStep issue because they bring a new game and either its a great and refined scam or its a game changer for some of underfunded aspiring trades.
Either way they are creating something that need to be verified for sure.
Thanks for the great work.
I did a 20-day demo back in November. Before MES allowed me to start their 20 day demo, they asked to submit a 5 day pnl, live or demo. I submitted a 5 day pnl that exceeded $1k. Apparently that was good enough for them to have me start their 20-day demo. I then got contacted by a rep from Vankar who provided a free R-Trader demo account. I was told by MES that the 20-day profit target was $3k but I can stop trading before 20-day period is over if I’m up $5k. I was up close to $3k after 9 days but I hit max daily loss limit on the 10th day because I wanted to finish it in 10 days by hitting the $5k target. During this whole process, there was absolutely no solicitation from MES to join a fee-based chatroom or to pay for an education. When the trial ended, MES stated I can try again after 3 months as that’s their policy. Again, no hint or suggestion that I sign up for another vendor’s program. Everything was free. All it cost me was my time and effort.
I might try their 20-day demo again in February or March. If I do and pass and get funded, I’ll come back and provide another feedback.
One thing that changed since I did their demo in November is that you can now only trade 2 lots. Back then it was 3 lots. I asked why and MES stated that too many traders were busting out with 3 lots. I left it at that.
Good luck, everyone.
@Gene
We share the same experience! I emailed them too, they look at risk management more than the 3k. I took it again and blew it. You’re right, it’s now 2 contracts and max drawdown is 1500. I confirm I know someone who ended at around 16,500 and got funded. It’s money management why they took him on. I agree it was an easy process and no solicitation. One thing still puzzles me though about their selection of traders. They do not like scalpers even-though it’s a profitable account! The 3 months changed into 12 months 🙁 Well it’s their money so can’t argue with that. Still 12 months is a lot!!!!
I like how they are putting pressure on TST and a lot is changing at TST. I have to disagree with Emmett on competition. I visited the other websites he mentioned and none were like MES. We need an update on that please Emmett. Thanks for continuing the great job btw.
Thanks for the comment. I am plying with TopStep about getting a distribution of profits among the top funded traders. Its not going well. What I really need to know is how people are actually doing after getting funded. We know that most fail, but do any really achieve any measurable amount of success? Thats the question.
Looking forward to further “substantiated” updates and interviews regarding MES and TST.
Why I haven’t felt this engaged since I sat down that fateful Saturday morning to watch just one episode of “Making a Murderer” and didn’t leave my seat until all 8 episodes were finished 🙂
So is there an actual proof that ME’S is or is not fake after all? I can’t find any other information about the company. I just don’t want to take advantage of the no risk trade and wake up one day to realize that I’m trading a drug Cartel’s money.
Yep, there is a few out there.
Known this company for almost 2 years now. Emmett you totally got this one wrong buddy. This is a company with deep pockets looking for great traders! They do not charge a penny. If you’re one of the “Special” ones then good for you and all the best. Unfortunately I am not a “special” trader and I’ve actually given up on it. Best of luck to all traders and Gob Bless!!
Thanks for the comment Graham. Yep, I agree with you. They are funding traders. Updated review in the pipeline.
@Arch,
It’s that simple! That’s why I never tried TST. A friend of mine showed me the parameters and levels of trials. I can’t follow it. So it’s 3 levels with some education. A live interview…. I cannot get my head around it. But what’s most troubling is you have to be profitable in everything you trade. I have been trading for years and in 10-20 days you cannot do that. It’s just built to make you fail and they take the money from you which you have paid. That is just silly in my honest opinion.
Cali … “Free money!”
You said it all in the end … what a joke!
Emmet i´ve been here everyday waiting to see your update to TST that you promisse!
I´m a user in TST for about 6 months and feeling now that SCAM and fraud of the dreams of the poor written all over them since i read the coments here!
Please say something about that.
Thank you
@Bill,
You don’t have to join any affiliation to apply for a trial with MES. No exclusivity i believe. It’s a great funding source yes! We have all be cheated on when it comes to softwares. I got caught twice! That’s why they always mention education! Anyway, let me enjoy my beautiful Sunday and you should too. Have you tried them out yet? Free money!
Simon the AP Jousef promotes Ninjatrader! Ninjatrader is a scam too!!!!
Simon the AP Jousef promotes CQG! CQG is a scam too!!!!
Simon the AP Jousef promotes CL! CL is a scam too!!!!
Really?!
LOL….. MES is a stand alone business! HELLO! They do not need Simon the AP Jousef to run. You guys have been scammed by this guy then you’re losers LOL! All trading rooms are some sort of scam!
Leo, an endorsement from someone as arrogant as you really does MES no favors at all, so take you scummy little trolling else where .
The reason Simon Jousef Fraud A.P. name keeps coming up , is because the scumbag has pushed people to MES and represents a perfect setup for him to help heal a now failing trade room.
What better way to string poor saps along then to offer some funding since they will never make their membership money following his trades.
I’m tired of repeating it, but this guy was very active in Simon Jousef Fraud A.P. room and in his skype chat. He was actively soliciting the funding for a while until the reviews hit, then they stopped. This guy was also caught lying about his background on FuturesIO (Big Mikes).
Now, what MES is doing may very well be legit and everyone railing out here may be full of shit. All of the people who are funded might have hit the greatest source of funding ever created by man. MES is probably providing exactly what everyone has claimed and that’s wonderful.
But unless they drop the affiliation with Simon Jousef Fraud A.P. then they will forever be tied to him. Simple as that… And for the people who know SImon Jousef Fraud A.P., they know that prick will do anything for money. That prick does nothing for free, even put a link of his website.
Those are real facts that members of Global Trade Fraud know.
Take it or leave it, those are the facts…
Welcome more comments.
Emmett thanks for keeping the thread going and allowing such an open forum.
Again I hear this Simon name coming up all the time from the same individuals. I do not understand it and I do not see the link between MES and Simon. The only way possible I can understand how Simon makes money from MES is by providing MES with good traders and he gets a cut from performance or if the trader gets funded. Again there is nothing unethical about that.
The only way anyone can prove they are funded with MES is by sending Emmett some statements form their funded live account.
But lets not get away from the fact that they are endorsed by a known fraudster Simon Yousef’s GTR.
”IF” someone can prove they are funded by MES then you have to say that Simon Yousef has just bagged himself another weapon to entice more people into his scam. He’s using every method possible to sell his shitty trade methods that don’t work and hes even blagged MES that he is the real deal.
If MES is legitimate they need to distance themselves from the tarnished name of the GTR as soon as possible, then they may gain some credibility.
No proof from any funded people by MES simply means it could even be run by Simon Yousef himself??
Simon does not run/own MES. You guys are getting a bit carried away with your conspiracy theories. The GTR/MES connection was simply a way for GTR to direct traders to a potential source of funding. Just the same as many other vendors do with Topstep.
I agree. Enough people have come forward. Its time for an update.
How legal is it to link a personal account with a funded account?
As a funded trader, you are considered a professional, hence you should be subject to the CME professional exchange fee rates for data feeds.
Also, as a professional, your funds are to remain segregated from any personal funds.
These are not my rules, but the rules of the CME set forth by the SEC.
It was commingling of funds that got MF Global in trouble.
Remember John Corzine?
So , one can conclude the following:
A. They are linking accounts and are in violation of CME & SEC statutes
B. The person posting about linking accounts is full of shit.
Will wait for further comments…
Thanks…
I agree that MES is good for people that have not got the money to trade and it gives them a chance to get on the ladder with zero risk exposure.
Cali 20% is way off the mark. I can tell exactly how much they charge because I have used a few and I’m clearing with one now.
Was once with MF global through a prop firm I wont mention that went bust and i Lost £20k that took me 2 years to get back. That was 100% my profits as I put £20k into their pot and got very cheap rates $1.20 per round trip all in.
The standard in the city is 60/40 split in the traders favor if you can prove you have experience and can trade.. The more money you put in of your own gives you a bigger slice of profits but most are £20/25k then you keep all the profits.
The MES is a guy linked up with Simon Josef. Simon uses MES to lure people into paying his high room fees in hopes they will eventually be funded ! Its just a part of the larger SCAM with GTR !
FIND ONE PERSON WHO IS FUNDED WITH MES AND LETS SEE THE PROOF !
@Barry K- That would be 20% with the 2% mgmt fees. Not mentioning all the crap in dealing with superiors.
@jon, for some traders, laying off 50% of the profit is a good deal with ZERO risk. What do you think equity prop firms give their traders with no risk?
@Miro, if it works for you then its all good, i just couldn’t bear to give up half of my hard earned profits because its taken me nearly 7 years to get a consistent method.
Miro,
Do they charge you the professional CME data feed rate of $85/mo per exchange?
Thanks.
They charge the non-professional CME data fee rate.
@Jon
Excellent comment! Just one thing to consider. I am trading with them now. I trade my own account and they allowed me to link my personal account to their account. This is great as it is additional income. On the MES account I can get more contracts in but in my account I am limited. Just an easier way to get leverage and additional income. I like the fact they have multiple places where I can open an account. It must be under the same FCM. It’s one broker but that doesn’t affect anything. I moved from AMP to ADM. I agree with Jon, you do not need anyone’s money if you are a good trader. If not find another profession!
No new review without any proof Emmet ! These guys are just scamming us.
If so, I am not seeing it.
The MES is a guy linked up with Simon Josef. Simon uses MES to lure people into paying his high room fees in hopes they will eventually be funded ! Its just a part of the larger SCAM with GTR !
FIND ONE PERSON WHO IS FUNDED WITH MES AND LETS SEE THE PROOF !
I really don’t understand why anyone would who has done years of hard graft of learning the art of trading then to give away half of their potential profits.
If you have a consistent method you can build up a $10k account over time and keep 100% of the money.
If you haven’t got at least $10k to spare then forget trading and find another profession.
@jon, some traders may not want to take any risk with their own capital until at which time they are convinced they have an edge. My interest in MES is to determine whether traders will get as advertised and report my experience to the community. I don’t need their money to trade .
Agreed. I am getting a steady stream of folks having nothing but nice things to say about MES.
My review was a bit harsh, but there was no other way to flesh out the truth. An updated review is warranted. And they certainly deserve it.
Well, my curiosity is peaked and I’m in the process of taking the trial. Thus far, nothing is fishy or troubling. If I get funded, I’ll report back with any valuable information. I did notice the website is much more professional then a few months ago. At that time I was turned off by the whole thing. I’ll see how this goes.
Rob B,
I have been trading for them for a long time now. I believe I was one of the first group of traders. I agree the business model don’t work. BUT I have been profitable with them so far. Barely above break-even. I do not like how this blog is hitting MES with untruthful allegations. MES is helping us traders. It’s clear other companies like TST have changed the rules because of MES. The kid is a trader himself. The first and only time he contacts you is to explain what MES is all about and gives a brief history about himself. I got that conversation twice from him as I passed, failed and passed again. I also believe he has a long/short close-ended fund which he manages. I wrote to them last week about this blog and asked permission to mention specific things but they kindly asked me not to. They replied with a simple we don’t care. I see why because they do not charge us traders for anything. Your prick your mortgage fraud friends should be reviewed and if what you stay is true then they deserve what they get. I do not know these people so I cannot talk about them. Emmett said he received money from TST it’s normal to hit MES. If you are a trader like me you know to appreciate this service they are offering. Why don’t you see for yourself. Good morning from beautiful raining Norway!
RTChoke and everyone else……
You guys fail to understand that MES is not a room! MES will NEVER ask you to join a room! MES will never market anything for you! If Emmett wants money from MES let him kindly ask them for charity. I’m sure they’ll give it. Anyone of you if you want charity ask them. I’m sure they’ll try to give you something. Like what they are offering, you have nothing to lose in asking them.
HFT YOU ARE SO RIGHT!!! Thank you! People here are probably on TST payroll or other companies that want to charge for demos!
If you have not tried it please shut it and stick to the subject.
Cali,
How can you state, “MES will NEVER ask you to join a room! ” Never say never. This just does not seem to be a response some 3rd party user would give. Are you affiliated with MES?
If you used MES and had a good experience with them then post that, but what proof do you have Emmett is asking MES for money? Why would an MES user attack Emmett.
As I have posted previously as long as you are aware of everything posted here and go in with your eyes wide open, I say take that trial and get that free money.
One thing I really would like to know and maybe Emmett will shine some light on this in his updated review; is what is TS real numbers. I think they make their money from test taking and not from profitable traders. I would love to see some type of breakdown of their income. That would tell you a lot if what MES is doing can be done. I still say I do not see how this business model could work, but maybe this kid just has oil money to burn. Or maybe he think he will find that diamond in the rough.
Whatever! Review rooms and guys who take money! Not ones that are free and do not ask you for anything! Go undercover and see for yourself! Shame on you all!
Gary, you are just an asshole shill for the Arab MES shit. Why don’t you crawl back into your donkey kingdom !
I have heard that you give EVERYONE a bad wrap and try and extort. so you want to go writing bad stuff about every room then be prepared for some in return.
I have used MES and they are legit. ABSOLUTELY nothing wrong with them, but you, you are a real piece of work that likes to shit on EVERYONE and here is the funny thing, you are now becoming the laughing stock amongst traders
I certainly do write a lot of bad reviews. And some you might actually agree with. If I am trying to extort or “sell” a better review, then I must be a terrible business person, because hardly anyone gets a good review.
But those that get a good review, they genuinely deserve it. I put a tremendous amount of work and effort into vetting and investigation.
With that being said, the only reason why MES got lumped into the same group as NOFT-Traders, TradeStocksAmerica, BonTrade, is because they refused to verify anything. However, it is important that people like yourself come forward and tell your story. Once I can verify and confirm that a vendor is doing the right thing, then I always issue an updated review that gives proper credit.
Regardless, I respect your opinion. And I certainly hope to read more of your comments in the future.
Who have you heard that from? Simon yousef ,Bob Amico or maybe one of the 99.9% of dodgy trade rooms that refuse to disclose their trade records for bullshit trade calls while charging people $1000’s.
Actually Drew it is statements like yours that make traders like me suspicious about outfits like MES. You offer no proof that MES has funded you. You accuse Emmett of running an extortion racket for good reviews. This defies logic because the evidence is clear that he has written and continues to write accurate and honest reviews. An which traders is Emmett a laughing stock amongst traders? Would those be the voices in your head telling you that Drew?
Drew, here’s how I see it. Emmett always, always, always, asks for proof, either a DOM or off the charts or just a simple brokerage statement (redacted) that proves the entity or person can trade profitably or offer profitable education. So far, not once have I seen anyone send in that proof. There’s always some excuse, ie, it’s illegal (what BS that is). Emmett’s even offered to have the proof sent to him privately and he’ll then post a better review. How simple is that!!! So rail all you want, the proof is in the proof. Send it and everyone here can either shut up or sign up. Trading consistently and profitably is hard, harder than you can imagine. Yeah, send the proof.
Rob,
could not agree more..
Issue for me is simple.
If you want to stand on your own, have Simon Jousef Fraud A.P. remove the GET FUNDED link to MES and drop any affiliation.
In fact, one could argue , a Funding Organization should have no trade room, education or trading system affiliations whatsoever.
It’s well documented Simon Jousef Fraud A.P. is a scumbag.
If MES wants to truly improve their standing, drop the affiliation with this prick, and have him remove the GET FUNDED link.
It really would improve MES’s reputation.
Everyone remembers the fat dude from Subway Jared who turned out to be a pedafile.
You think Subway would like to redo having him be the face of that franchise?
Simon Jousef Fraud A.P. is the Jared of MES right now.
Drop this prick and you’ll get me in your corner as moving in the right direction.
Thanks.
Simon Jousef Fraud A.P.
Holly and others,
From my prospective, MES might be legit. But this industry is ripe with convicted criminals (sorry Emmett) and scam artist. And the fact that MES is associated with GTR just brings up the suspicion level.
But I view the comments here as just a “WARNING” Head Up!!! Go into this with your eyes open. Letting people know the possible scam angles. That is all. Remember the old saying if it sounds to good to be true. From my point of view, as I posted previously, I do not see how this business model could work, but then someone posted they lost $400K or so in 2014.
Bottom Line – If MES is giving away FREE money, I think you should go for it. I think every underfunded trader should take the test. Sounds like you have nothing to lose. From what I understand you have to make $2K in 20 days and not go below $13,500.
Absolutely with you Rob. And no offense taken on the convicted criminals comment, I am convicted criminal, its the truth.
Very clear Emmett got something from TST to write about MES! Also clear people hear are pissed off at others who are unrelated to MES. Stick to the subject please. I didn’t qualify for MES but I appreciated the unsolicited approach they have. No spamming no marketing. Thanks HFT for the wonderful insight! I did TST 4 times! I got the email you’re talking about! It’s lovely to see how MES has changed things around to better suit us traders! And YES bless em!
Steve@ traders revolution
Show us your results?
$30 per month, someone will undercut you at $15 per month….
yes, skype is free and has the same quality of noobs… so what are you selling again? a room with noobs???
Had you started with a free room.. there’s no shame in free.. and you can still pretend to be a guru trader.. look at big mike lol
I hate people bagging what sites look like.. it’s not about looks.. it’s about good people.. and you with no results are a nobody hustling.
Ben,
Ben, Funny stuff!
1. I dont educate.. I just trade
2. Its more of a community for experienced traders to hang out help and assist new traders. Trade..chat..share ideas..
3. I trashed some of my ideas. See my latest blog.http://www.tradersrevolution.com/public/new-post.cfm
4. FREE is what people want.. so a FREE site is what the people will get. It should be up
and running this coming week. You just sign on email pick your alias name and go.
5. Competition is healty it’s ok.
I read your article and you say that ‘experts’ told you that day trading only happens by retail traders, of course this is horsepucky, yes, day trading is a tough gig and so is any other trading/ investing, otherwise Ackman wouldn’t of lost his shirt this year ( yes big/smart money controls the market..lol). But, claiming that prop firms and institution don’t day trade is just naive, you may need to realize that the experts you spoke to are not experts at all.
Emmett – the grey font is tough to see when typing, why not change it to black? a suggestion.
LG..
Ready..
1.I do know the experts
2. You took info too literal …All traders do some day trading, but the smart money far and large swing trade. Even Steve Cohen scalps the market as it is an andrenaline rush to him… but his camp is in the long hall. If I may… the most successful traders….. drum roll in a study… are the ones that forgot they had an account.
3. Prop firms.. ready… losers they recoin themselves.. refund themselves and make $$ off the top from your $$ and seat/hardware tools….commissions
4. Institutions.. long haul. day trade.. when they need to reverse positions.. day trading comes alive for about 3 wks on avg.
My discussion forum will be LIVE this week coming up along with a trading room… you have comments and q’s you can bop in there
I have no questions, I’ve seen and heard all the answers I need to. So what you’re saying is that retails traders have no chance unless they join your trading room that has gone from $39 month to now FREE..is that what I’m hearing? will you have your ‘experts’ pop in and let us poor plebs know their secrets or will they just remain in the shadows?
LG, I dont know what else to do for you to make you happy.. I’m just wondering if all these same type anger questions are hidden and coming from the same guy.
1. Retail traders by far are the losers.
2. I never said they will be profitable if the came to my site, but like minds should stick together and learn from one another. Do you know of another place where traders can go and hang out during the markets?
live and help each other?
3. Going from 39 to zero is a big step. We will see if it works. I was going the $39 per mth route due to the fact that it costs $$ to vett trader/educators.. and it was coming out of my pocket…Plus I had deals lined up to give new subscribers software deals.. Some added up to $500 savings per year.. I had a Live feed from an audio desk lined up. all above was thousands per mth…. so I scrapped that for now since I had emails where people said they couldn’t afford it.. people asked for free trials…. etc.
4. Experts.. I can beg a couple i’m sure. Most of them laughed at me to be honest, because what is happening here is exactly what they predicted.
5. Secret.. there really is no secret.. Part of it is technical,fundamental.. mostly gut.. and money management.
peace
Steve, I thought you said you was done here?
Your contradicting yourself on every level and its laughable.
You keep saying in previous posts you already have expert advice but now you just stated most of them have laughed at you.
its very clear now that you are getting desperate, you just need to stop as no one is buying into that shit.
Its a desperate attempt to piggyback off someone who trades consistently and you will NOT get it. You need to spend more time studying the markets and learning to trade and less time trying to sell a service that is not even legitimate.
My experience with MES Capital Group (November 2014- August 2015)
Good morning!
MES contacted me in September 2014 via LinkedIn. They were looking to create a trading company specializing in Futures markets and they reached out to a lot of LinkedIn members. I believe they went through other sites including http://www.elitetrader.com I did not do a trial with them as I provided live accounts and they confirmed it with the company at the time. The amount was $50,000 and 30% profits was for the trader, I confirm the account was with Progressive and then moved to ADM (James correct) was the contact, now it’s Vankar. Yes MES changed that to 50% profits in August just as I got blocked. I shall begin my trial again on Monday.
Some people have asked for proof of statement. I believe this matter is a confidential one plus the statements show the name and address. The person behind MES wants to be anonymous and I can understand why. MES is not a public company, not a company that takes money and it’s purely funding traders that are good. Those reasons alone buried my curiosity. Other companies make you pay so you ask questions. I only paid for the new computer and high internet data service. Now If you think MES, DELL (computer company) & T-online (German ISP) are a scam then I feel sorry for you. Fees and commissions for my trades were $4.04 (ES) & $4.62 (CL).
It is very clear MES has become a big name and I have seen how TST have changed a lot of things around to better accommodate traders because they are scared of what MES is doing. This is a second thing what TST did:
REMOVED:
* Always implement stops with an open position
* Achieve at least 45% Profitable Days
* Achieve an Average Net P&L greater than $0 for each product traded
REMOVED:
* Trade a minimum of 10 days within 60 calendar days
* Always implement stops with an open position
* Achieve an Average Net P&L greater than $0 for each product traded (evaluated at the end of the 10th trading day)
* Achieve at least 45% Profitable Days (evaluated at the end of the 10th trading day)
*The Weekly Loss Limit (if applicable) and Trailing Max Drawdown are eliminated after 10 trading days
–GOD BLESS MES FOR CHANGING HOW THE INDUSTRY RIPS PEOPLE!–
May someone kindly direct me to a MES competitor (if they exist) as I went to the above companies and none of them offer the ease and freedom of MES.
Rip off companies feeling the heat and have probably asked Emmett to call MES a fraud. I am sure Emmett you know what MES is doing and you want $$$$. MES will not pay. You all will soon realize that MES is a blessing. Time will tell! Only email i received from MES after being blocked was a Merry Christmas and Happy New Year.
Hi HFT,
Thanks for the comment. I really appreciate it. Actually, I am more in your camp than you realize. The most important thing, to me, is the truth. And sometimes the truth takes time to realize. My favorite quote is from Winston Churchill, “A lie gets halfway around the world before the truth has a chance to get its pants on”.
Regarding MES, I am truly happy that traders are getting funded. And I am ecstatic that more competition is coming online. But the competition needs to be valid, hopefully you can understand when I have written reviews about several other companies promising funding, but are only selling education.
Next week, I am releasing a review of Saviusllc.com. Another prop firm catering to the retail prop trader.
And three weeks later, yet another. Things are moving quickly for this nascent industry. There is a lot of noise, but the signal is becoming much more clear.
Savius LLC is a sponsor for this event: http://www.livetradingchallenge.com/
Simon Jousef Fraud A.P. (arrogant prick)
Folks,
This is how it starts.
Review comes out, Emmett exposes lack of transparency, possible and most likely a money making scam, etc, etc, etc..
Then the shills come in to try and justify it with no proof or anything plausible to shut us up. All they have is “My brothers, husbands, mothers, fathers, niece got funded and is doing great”.
It’s like clock work.
Next Dr. Dean Handley or some other self proclaimed asshat for Prop firms will recommend this group as a “Funding Titan” …
That garbage will be plastered all over the internet that “MES is a Funding Titan”.
Then MES will hire some Mail & Mortgage Fraud Bob clone and start blasting out emails “Your Still Not Funded”, “Nobody does what we Do”, “We funded 300 people this week alone”, “We are on Asshats.com top 5 Funding Titans list”, etc, etc, you get the gist.
They are all the same. When you are not a fraud, scammer, or crook, you don’t need anything to prove you are not.
I never met an honest man who needed a lawyer on retainer …
Perhaps Emmett or someone affiliated here could attempt the funding process and put this one to bed once and for all … Just a thought ..
Simon Jousef Fraud A.P (arrogant prick)
Ve Ve
You “have a friend who makes very good money with MES”?
Would ” a friend ” care to give us some more specific info? Share some proof? Like we have for Top Step?
You guys need to understand: as long as you are cryptic and not straight forward in what you are saying and as long as the connection remains between MES and Simon A P, we will be critical and suspicious of the whole thing being planted.
Please come out with some evidence and verifiable info and shut us up. We would love that.
Please
Haters if you haven’t tried it then shut it please! Stop the assumptions!
Hello guys,
I have taken MESCAPITAL demo and unfortunately failed. I am about to take the demo a 2nd time and let me tell you that MES has not asked me for a dime. Demo is for FREE. I have a friend who got founded with them and is making very good money. So at the moment I can say that MESCAPITAL Group is the best for risk free trials. What more coud you ask for ?
Please don’t believe all the crap you hear about them, just go try it and then you’ll see who’s wrong and who’s right.
For anyone with information related to any registered NFA members or the general public soliciting for MES or Global Trade Room, please contact Breilly@nfa.futures.org
Thank you
Bill,
Not sure who these guys are. I’m also sure MES never mentioned them.
Simon Jousef Fraud A.P (arrogant prick)
As I would rather not post this pricks website, you can go to it and see the GET FUNDED link.
The link does not take you to a MES website, but instead presents the information as if it was part of this pricks offering.
Go look and judge for yourself.
J
Emmet, how much has Top Step been paying you so far?
Thus far, my total payments from TopStep are $2,150 and two frozen pizzas. I know I am going to catch a ton of criticism. Ok, so let me have it.
On the flip side, I am going to be posting a much more critical review of TopStep. Going to be addressing the main issues that people email me about. And, I am waiting for TopStep to get back to me on a few critical questions: how much are traders making with the program? Hopefully they give me what I need. We already know that the vast majority fail at the program. But hopefully there are a few rays of sunshine. TopStep is going to give me something to write about, but I cannot disclose exactly whats its going to be.
Simon Jousef Fraud A.P. (arrogant prick).
Anything linked to Simon Jousef Fraud A.P. should be questioned again and again.
MES hangs off Global Trade Fraud website.
What are members who were robbed by Simon Jousef Fraud A.P. suppose to think of MES that they are affiliating themselves with Global Trade Fraud?
I am not alone.
Why do you think members who were screwed by Simon Jousef Fraud A.P. are posting supporting many of the accusations presented in this forum?
Fact is Simon Jousef Fraud A.P. has been hurting for members since Mortgage Fraud Bob was exposed and left to start his own scam.
Simon Jousef Fraud A.P. will do anything to keep the wheels greased, and if offering funding through some shell company gives the prick more bait to lure in people, then I want people to know.
So this is not about bashing MES. I hope they are doing the right thing.
This is about insuring Simon Jousef Fraud A.P. never gets another sign up.
If MES helps Simon Jousef Fraud A.P. get new members or helps him retain members for his benefit, then MES needs to be held to the fire right next to Simon Jousef Fraud A.P.
Bill,
I have to disagree with you there. UNLESS MES has recommended this guy Simon then yes there would be a big question mark. But thinking out loud, even if MES recommended this guy you don’t have to pay him. You can take the trial again for free without any obligations. I hope you see my point. I was a victim of 2 softwares, i learned the hard way, we all do in this business.
Yes, MES is just another facet of the larger GTR / MES / Bob Amico fraud group. If only I could face you Arab bastards directly, I would show you the meaning of humility.
Cali,
I agree and dont believe bringing Simon Jousef A.P. (arrogant prick) may not be relevant.
However, the fact that Simon Jousef A.P. Global Trade Room publishes MES funding as a resource to his fraudulent trade room website, makes him connected , hence he deserves to be mentioned.
Unless proven otherwise, Simon Jousef A.P. will remain tied to MES, this of course, in my humble opinion.
If Simon Jousef A.P. wants to prove he is not directly connected to this group, then we will certainly stop any reference to him in this thread.
However, it will not stop us from calling him an arrogant prick or a fraud.
I didn’t not get a reply from James regarding his the contact details for MES London.
His Silence speaks volumes.
All these MES supporters just coming out of the woodwork seems very fishy to me and what a coincidence. It would not surprise me if they are all the same person using a different IP address . Maybe its Simon AP himself.
If Simon AP yousef is endorsing MES then we should keep him in the topic.
Would also like to thank Emmett for reviewing all these websites. I was there a long time ago and i know the frustration!
May comments about Simon Jousef and so little about MES. May we stick to MES please since this is about MES and nothing else.
Has the author contacted James @ ADM to verify MES dates? When you go live with MES there is a contract you sign of non-disclosure therefore it may not be posted. Most important, have the doubters taken the trial? Author mentioned MES competitors, I do not see how they are competitors. I visited some of there sites and it’s totally different from MES. MES you trial you pass you get funded. You can be any where in the world and trade with your PJs. All the best.
Let me know what you think :
I am not sure why people just keep listening to what Emmett Moore has to say. Actually let me take this back the comments are FAKE. So it just appear s there a lot of people that are engaged . It ‘s FAKE. He is the real scammer . Emmett if you are man enough publish this review. You are on ripoffreport.com for a reason. In case you do not know here is what they say about on there :
“Emmett Moore/t tradingschools.org. Guy is a fraud and illegally records trade rooms writes bad reviews of pretty good rooms, Threatens people with a bad review if they dont comply with allowing a trial. Enters rooms to evaluate for his blog under various names. I wonder if the Guy is a con artist California Internet” Then goes on to say : “This scammer writes reviews a blog on trading rooms he illegally records them, and gives his assessment. Unfair when denied a trial he threatens to write a bad review. CON all over it for sure he is a bully and breaks the laws of most US states.” So Emmett you are the REAL SCAM ARTIST.
MES is not the first the first company you are trying to scam . Get a life. OK? When companies do pay you off you write a bad review and you have those FAKE comments to pile on. 99 comments already? Do you think people are stupid? Again if you are man enough publish this REAL comment.
MES is a legit company. They actually fund you and they are NOT part of a scheme to sell you education like some others do . Company is new yes but that does not make it a scam. I personally worked with them and they are legit company. All that tearing down others will come back and bite you you know where.
That’s my 2 cents.
Hi Joe,
Thanks for your comment. All comments get published. And I certainly do deserve my fair share of criticism. I always try and gather as much as evidence as possible, and then form an opinion. Please understand, its just an opinion. You do not need to agree with me, and I respect that. However, nobody ever talks about the victims of some of these scammers. The victims, until now have not had a place to air out their grievances. This might be very hard for you to believe, but some trading room vendors are not offering honest products. Thats just my opinion, yours is different, and I respect that.
You will also find that I publish all comments, except racists, religious bigots, are sexists. So please feel free to add your critique to the wild soup on these threads.
Joseph you have not added a single piece of information that is not already known. The only thing you have done is try to distort what Emmett does into something sinister. “Illegally records” are freakin’ kidding me? What law is broken? Name it. “Threatens vendors with negative reviews unless they offer free trials.” Ah, no. Emmett tells them that he’s going to publish a review based on his experience and he’s giving them a chance to demonstrate that what he’s saying is inaccurate. Funny how they don’t just trot out their trading statements and shut him down or give him a list of funded traders to contact. Does this make comment 100? If it does then it indicates how fed up traders as with BS operators who seems to think that reasonable standards and proof of the value of the product they are selling shouldn’t apply to them.
MES is another Arab scam, just like Simon Joself “Jo- “self)
Good one, however …
You forgot to mention Simon Jousef is an arrogant prick.
What a pleasure to finish trading and then come to this site and read such interesting posts. Nice work by all. Emmett, keep it going. If nothing else, this site should instill a lot of caution for anyone getting ready to step into the black hole of trading educators or trading rooms.
Bill, I still think you have to change the “arrogant prick” thingy. Saying “Simon josef is an arrogant prick” is just your opinion. Wouldn’t it be better to give him a title, say, Simon Josef, Arrogant Prick (capital “A”, capital “P”). sort of like Jack Welch, CEO. That way, it wouldn’t be an opinion, but a status. It could even be his business card. Yep, I like that better. 🙂
I agree.
Like the Ring to that one.
My only concern, is people knowing the salutation .
May have to highlight that for a while.
Simon Jousef A.P(arrogant prick) …
Simon-Jousef-Arrogant-Prick.com is still an open domain also.
Thanks RT.
This forum really does bring grace to the world.
Bill,
Based on the comment so far I have a new theory to throw out (this theory is based on this not being a scam). From the post it is known this is a rich kid from Kuwait, maybe royalty. It is also know he spends time in Simon’s room and as someone posted he has already lost $500K in 2014. So here is my new theory.
This kid has more money than sense. Maybe he found Simon and really drunk the Kool-Aide and thinks Simon can really trade profitable. He see those emails saying how they got another 200 ticks each day and really believes it. This just goes to show you even the rich can be scammed. So this rich kid believes the crap Simon says and then thinks day trading is sooooooooo easy I will just open this funding company to find all these profitable day traders.
But if this is the case after more HUGH losses the Kool-Aide will wear off quickly and he will quickly find out day trading is extremely hard and very few can do it profitably over time.
That is my new theory (assuming not a scam)! Opinions welcome.
Fair enough and you could very well be right.
You also know I will take every opportunity to call Simon jousef arrogant prick out .
AS for a response to the GC trader above.
I trade for a living also and been doing so for a long-time (20 + years).
So even a seasoned person can get conned into something especially if they are looking for new ways to trade products they never traded before.
No excuse for me, I know I was a moron, fool, idiot.. I ADMIT IT OPENINGLY ….
We are not goofing off either.
I have made it crystal clear, that I am committed to insure that nobody gives Simon Jousef arrogant prick another cent.
In additonal to trading everyday, I will absolutely not stop continuing to call out Simon Jousef as an arrogant prick and a fraud until he shuts his room down or refunds everyone he screwed over. I dont want a dime of my money back.
Shutting this arrogant prick fraud down and keeping new people from getting scammed is enough for me.
We will wait for the confirmation from all these funded people.
If this is not a scam or affiliated with Simon Jousef arrogant prick, then it is probably the greatest opportunity I have seen ever in this business.
The fact that a link hangs off of Simon Jousef arrogant pricks site Global Trade Room, immediately puts every doubt in my mind.
And, with the appearances of the guy from MES in Simon Jousef arrogant pricks Skype room, adds further suspecian .
Confirmation is absolutely required now from these funded posters.
I’m finding it pretty hard to believe that they are all miraculously finding this review and posting their great experience.
Thanks Emmett.
Well done Cali, Dennis, James on getting funded by MES and shedding some TRUTH behind this company (no speculations or assumptions) . You have persevered in this endeavor for many years and now are reaping the rewards of your hard work.
I have also dealt with Sattam and he calls a spade a spade. He is a wealthy person and is endeavoring to find profitable traders to trade his money. He has some great disciplined traders working for him at the moment making themselves and Sattam wealthier.
I did my 20 day trial in early October and just failed to qualify. MES will let you do another trial 3 months later. The staff at Vankar Trading who are the brokers for MES Capitol were helpful and answered all my questions.
So all these ‘baggers ‘ of Sattam like Nadina and co, I suggest you spend more time learning to become a proficient trader instead of goofing off . MES was not launched in November. Get your facts right !
As I am typing GC hist its -23 % profit target at 1087.5 off the 1072s.
This a member of GTR.
I wont say his name, however, member would post Fib levels all day from a ToS Paper money account, and acts like he’s a great trader.
Whenever he was called out that he is posting levels off an account that is 20 minutes delayed, and noted by ToS that data is not real-time nor reliable as its a SIM account, he ignores you and goes silent the rest of the day.
He’s another shill in Simon Jousef arrogant pricks Skype room, and one of the known members who is there to protect the head prick.
Folks, Im not making stuff up here.
All these people are nothing but shills all generated from Global Trade Room.
The give away (GK are your initials) was the trade quoted at the of your statement …
He would post garbage in there all the time like that and you’d get the usual 3-4 asshats who followed him and nailed it …
I did not catch this until a member asked me if that was the guy who posted all the GC trades in the Skype room in GTR.
Any other GTR members want to post about their funding experiences with MES?
It seem like MES defender is keep popping up now.
The next thing i would like to see Emmett to interview those successful funded by MES like what was done on TST previously.
Definitely.
I don’t think MES is affiliated with anyone. Dennis I was at ADM too and James was my contact. Profit sharing was less than 50% back then. What I liked most was they never macro-managed me. My wife took the trial and didn’t make it just last month. They didn’t divert her to anyone. Wire transfers was a pain as the bank charged $50 for international transfers. It’s all good considering it’s 100% free. You only get to speak to the owner once for an introduction and welcoming. Other than that they let you do your business. For the European traders looking to trade the DAX I believe it’s not possible in the trial phase. I lost his money and I still feel horrible about it. I offered to pay him back but he refused. I find it difficult to grasp how a trader might dislike MES. I got paid in time and was never asked to pay for anything. To date they haven’t marketed anything to their traders (demo or live). Like I said my wife just finished the demo and she hasn’t received anything yet. I’ll be happy to answer any questions. I feel I owe them something for the money I lost. cala4nication@gmail.com
Thanks for the comment! Much appreciated.
Cali,
I do not think it is about traders disliking MES. It is whether they are truly legit and not a scam. I hope more people come forward to tell their story. I will just say this, if they are truly legit as you say, then I would say they are the nicest company every and jump on that money while you can, because I for one cannot see how this business model works. Maybe he just has money to give away. So far I think 4 people have posted and all but one lost money. Maybe they are trying to get a reputation and then they will start charging to take those test, then I could see a more realistic business model. But letting anyone take a trading test for free and if they luck out and pass fund them. I cannot see it. Maybe I am just short sighted. Maybe you can provide a theory how you think this works. Do you think the few and I mean very very few long term profitable traders would stay at a 50% split. I see 99% losing traders getting funded.
Can you provide more information on the program. For example when you lost money can you retake the test and they give you new money or are you banned for life.
Rob B,
I was taking 30% when I began with them. Now I am getting 50%. I know of someone who was funded, suspended and funded again. I am not here to defend anyone I am just saying what I have experienced. I believe he lost in excess of $500k with this since 2014. He hates hedge funds and banks. Would rather lose money with this then give it to the banks from what I heard in our first and only conversation. Honestly I don’t know what he does for a living but I like the relationship. Seriously I cannot complain. At first it wasn’t clear what the risks and etc. Kept changing them to better benefit the trader and not MES. Went from 30% to 50%. Also introduced weekly withdrawals. The head of Operations is a bit tough, she is there as the axe. Give them a go you have nothing to lose. Thanks.
$500k Lost in 2014. According to the intro Sattam Alsabah is from Kuwait. Maybe he has oil money to burn. But if he has that type of money to throw away wouldn’t he be better off buying an existing profitable business, maybe a HUGH Hotel.
All I can say is, “EVERYONE APPLY AND GET THAT MONEY WHILE IT LAST” After all even a moron is not going to continue to lose $500K a year. Maybe he can call in Marcus from The Profit. LOL!!!!
He appears to be technically ignorant when on display in his trade room.
Man has trouble drawing lines on charts and minor computer issues always cause him to be unable to trade. Could be another attempt at deception but really think he is a technical re-tard.
Most likely it’s a family member or close friend who is the marketing guru.
Truth is, all he is good at is being an arrogant prick and getting breakfast around 10 am each day in his trade room.
I would love for someone to post the exact trading contest he won to put him in the top 5 traders in the world?
Would also love to see the print outs of that contest and the company sponsoring it.
Problem is, it was 10 years ago, and could all be internet trolled generated garbage like everything else about this arrogant prick.
If there ever was a Doug Quaid (Total Recall 1999) of trading, its Simon Jousef arrogant prick.
Guys whole damn existence is nothing but a manufactured myth ..
The only thing Simon Yousef is good at is being a very clever marketer, salesman and con artist so its no surprise if he has got a huge involvement in MES.
He renamed and repackaged every known basic indicator or trade setup to make it sound like his own unique magical formulas, These are just some that have helped him earn millions.
he says ‘Power Lines’ we say (Trend lines ). Suction tube & Bobs Bang bang trades are simply (brakeouts). There are many more that sound as fucking ridiculous as he is, like ,The knife, poke poke, The throat. Ironically, you could put the last 3 in a sentence and come up with something many of his victims would like to give him back. ( Im kidding, by the way)
And not forgetting the ”Smart Stops”. Now…how the fuck has he been able to get away with changing decades old saying of the basic stop loss.
We can now all officially change it for him to the ”Dumb ass stop loss.’ as they always get hit.
Simon, you ARE an arrogant prick and your time is up.
As Woody Allen once said.. “Those who can’t do, teach. And those who can’t teach, teach stock trading.” or something like that
Nice to see MES getting all this attention! I started with them April 2015. My account was at ADM then moved to Vankar. A friend and I traded for them. Both passed and got funded. I am still with them.
Hi Dennis,
Thanks for the comment. Next month, I plan on doing a follow up on MES. Specifically will be looking to interview people that have been through, or are currently in the program. At the core, I am trying to number one figure out if its a real entity. Hopefully it is. And I can give them due credit. The people at MES probably feel unjustly accused of some nefarious act. However, I have been through quite a few companies making the same claims, and it turned out to be a fee scam.
Doing a really interesting piece on Larry Levine funding program. And a follow up on TopStep, which is going to examine the negatives.
I’ve actually started to mention Levine a few times. On the surface he seems like another ‘pay to take our training and we’ll fund you’ scams. Interested to read that one.
BTW Emmett, when are you posting the review of the guy that ‘pays his bills trading’? I know you’d said he wanted to wait until after the holidays.
No question this is an extension of Global Trade Room .
I just confirmed this with 2 members currently in the room.
MES skype username is SAS (to the best of my knowledge).
Both have seen postings in the room referring to funding and the like prior to November 2015.
The funding is being offered as a carrot to people after Simon Jousef arrogant prick has taken their money for membership.
So think about it , you just blew 10k on education , your trading account is probably 1/2 gone if you’re following this arrogant pricks trades, and he offers up this free funding opportunity as a way for you to still be able to trade.
Great way to string some poor bastard along for another few months past the point they can get a refund easily from the PayPal account in the arrogant pricks wifes maiden name (6 months usually).
The arrogant prick is even offering monthly payment plans for membership, so offering a chance to get funded strings it out for those folks as well..
Simon Jousef arrogant prick has his grubby little fingers in this scam too…
Its all one big international scam with a decent amount of players.
I don’t know who Vankar is. The broker MES had us dealing with was ARCHER FINANCIAL SERVICES (ADM). Guy there called James Connelly was our contact. Recruiting was via LinkedIn for me. Why are you guys so anti MES? They were fine with me and some traders I know.
Judging by the three testimonials ( Chris C, Robin, Andy), MES Capital is an altruistic company more than happy to lose $ 5000 per person. Not making a meal of it. Of course all this is in the past, accounts closed and no statements offered to verify.
Anyone else smells fish?
TopStep Trader that MES have replaced as a chief GTR associate, may not be perfect but I guess they have no appetite for investigations so they made a speedy exit.
Visited MES in their London office in Sept. Super great chap the owner! He is a very well known individual. He has many businesses, MES is the smallest of his operations. I wasn’t funded as they did not offer DAX when the broker was ADMIS, however I’m taking the demo now as he allows DAX. Not sure how he is affiliated with the other guys other than free marketing. From what I know he doesn’t need any capital! It’s his money his rules. I agree with Chris, you have nothing to lose.
Hi James, Could you give me the contact details for their London office, Im interested to get funded.
Im in London so I could pop into them, I thought they only had offices in Chicago as their websites states.
Thanks
Chris C “traded a few months and lost his account in November”
Robin gives no dates.
Andy “was funded in June”.
And MES Capital launched in November.
Strange.
If you guys care to provide some proof in stead of what any shill can do, we would be very happy to see it.
Was funded by MES back in June with $50k. Closed out at $45k same month. Not sure what you guys talking about as I haven’t received to date any solicitation. Hope this helps.
Considering that both MES Capital and Futures Profile websites came online in November 2015, how did they find you and fund you in May 2015, prior to the launch of the websites? From what I am being told by insiders at Global Trade Room, Sattam didnt start funding until November.
This information also concurs and corroborates with recorded information obtained with my telephone conversations with Thierry Rabut of Vankar Trading.
Perhaps your dates are confused? Regardless, I appreciate your comment.
I passed the trial and also got funded. Unfortunately I didn’t last long. They didn’t recommend any trading room….. I’ll take free money any day!
MES has failed to stand on its own also.
The only way anyone even stumbles on them is through Simon Jousefs arrogant prick Global Trade Room or Trade Order FLow .
MES is not a registered charity either, so there has to be motive someplace as the failure rate in trading is like 98%…….
I know its conjecture folks, but this one fits together all too easily.
I’ll take my crow with Tabasco if I need to eat it …
I am 99.9999% sure the only way this could work is part of an added trading room benefit to scam more people. GTR says, “Hey underfunded investors, take our $10K education and then you just pass a 4 week test and your are funded” Now from what most posters here have said they never even hear back from MES more less get funding. But lets say they did give funding and the person lost $1500 max. So instead of $10K they get $8500 and a bunch of new people to sucker in. But I think you are right, they use this just to spread more untruths and fund no one or very very few people.
I mean for anyone thinking some company is going to fund you based on a 4 week test and you risk nothing, I say take proof you day traded profitable for one month to you local GS office, walk into the VP office and say, “Hey I was able to day trade for 4 weeks profitably. I want funding” And my guess is the next word or two you hear is not, “Your Funded”, but “SECURITY”.
Actually sit down for a second and think about it. You would have every loser trader trying to pass this test (they have no risk remember) and some are going to luck out and be able to be profitable for a short test. No way a company could survive funding those people. NO WAY!!! If anyone proves me wrong will eat crow.
Exactly. This appears to be a lead funnel. “You failed the test, now buy education”.
Complete speculation, but appears MES is an extension of the rooms that advertise for them.
The criteria is completely subjective, from the sounds of it, and by that being the case, how can there be any credibility with anyone who does get funding.
At least TopStepTrader outlines pretty clear cut rules and structure to work in, although flawed, at least its pretty well documented.
So these MES folks fund a couple people. What are they risking 5-10K tops on day trading margin.
Then they get this guy Chris to say , “hey its legit, they funded me”.
They do that for a few people they know will not completely implode or lash out at them.
Then these funded people start circling the internet posting places like this how they got funded and it’s the greatest thing since losing their virginity, etc, etc.
They start getting asked questions like:
“Oh where did you learn? I learned at Global Trade Room under Simon Jousef arrogant prick”.
Now it becomes another marketing tool for places like GTR ; they not only educated you using Simon Jousefs arrogant prick methodology, you got FUNDED!!!!
The reason I believe this to be true, is because when I was in GTR as a member, this MES guy was in there all the time. Other members can confirm what I am saying to be true.
I know this is absolute speculation, but everything experienced in that room was shady, devious and deceptive.
Simon Jousef most likely wanted to mimic the TopStep model, and did so by hooking up with these guys because TopStep probably wanted no part of the arrogant prick fraud.
I see no other reason why the guy running MES would even be in Simons skype chats, unless Simon was getting juice from it.
Hell the guy kicked me out just for calling him an arrogant prick, you think he’d let someone do something in his skype room without getting paid for it ?
Anyway, I hope Im wrong about this and they are legit and Simon Jousef arrogant prick has nothing to do with them.
Serve up the crow, as I’ll be happy to eat it if I am ….
Just my 2 cents here. MES Capital is no scam, after some hesitation about contacting them, I assumed there is no such thing as a free lunch, but I disagree and took the plunge. I took the trial, which was free, they didn’t specify a profit target as that was part of their selection criteria, I guess they want to see how you handle profits. I was funded by them within the month and traded for a few months. First, I don’t understand how MES can be a scam since I never paid for anything. Isn’t a scam supposed to involve someone taking money from you? I never paid a dime and I got paid weekly when I was profitable, but then I lost MES money in Nov. I withdrew $1,200 and lost around $2,300 in Nov. due to FOMC. Second, I received my daily statements straight from the broker with my name on it. My account was suspended after the loss, which was a bummer but I will trial again in March. If you fail live or demo you can always trial again for free, Who else is doing that? You don’t have to take my word for it, judge for yourself.
Thank you very much for leaving a comment. Great to read that you went through the program and experienced some success.
I can understand how TopStep makes money with their combo fees and high failure rate. Those combo fees more than cover the risk they take with a trader.
I will say you got an amazing deal there. You did not have to pay 1 cent. I cannot realistically see how MES Capital could stay in business doing this. They are taking full risk on someone that only passed a 4 week trial. Chris they gave you funding just based on 4 week trail? You did not have to show you took any education material from a vendor or anything like that? It will be interesting to hear others that get funding, because I can not see how this business would be able to stay in business but we will see.
I totally concur Rob. It should be really interesting to see if these guys can pull this off, and to what degree.
Ok I am late to the discussion, landed here while seeking background on MES (Thanks for the article Emmett). I can see how MES might be set up only as a lead generator, but I don’t understand why people are howling about ‘free lunch’. The MES business model makes perfect sense. There is a clear risk limit, and they (at least in theory) select only traders that show some evidence of skill. They probably set up knowing it would take them a year to accumulate enough trader’s stats to assess their risk/reward, but that is typical of the risk in any startup. A month of steady trade records is thin data, but probably more than enough to separate the lucky gamblers from the capable traders in most cases. Bottom line, MES might be on the shady side, but they also may simply understand that scooping up talented traders and profiting from their skills is a pretty good way to make money. I intend to take my chances with them, and thanks to Emmett’s review I will go in with my eyes wide open.
@Barryk. If there is a scam involved then its definitely worth a discussion, or why are you even reading and commenting???
@Steve and @JonB. Please stop the longest run on off topic sentence in the Internet. Thank you.
Barry,
I agree with you, but if a self promoting vendor post a link to his site, I have to comment. As I stated in my post he should have had Emmett review his trading room and thereby create its own post. If there was a way to create separate thread or move that conversation to a separate thread that would be ideal. I guess those are suggestions I would have for Emmett to put in his to do list.
I have contacted MES group about 3 weeks ago and was asked to provided results of my trading. I have sent almost 2 month worth of results and offered statements from my life account as well, – never heard back from them. I don’t think this is a good way of doing business. :).
Great Job Emmet.
Simon Jousef the arrogant prick has been dealing with this company for a while now.
The guy running it appears in Simons Skype room and would constantly drop small breadcrumbs of what he was doing.
There were 2 people who claimed they were funded by MES, but they were also the same assclowns that would attack any nay-sayers.
There is no doubt in my mind Simon Jousef the arrogant prick is directly involved with these guys to generate membership as you have outlined.
Simon Jousef the arrogant prick will do anything to get a signup.
When Mortgage Fraud Bob was in GTR, TopStepTrader was in talks with GTR and provided some small discounts on combines. I think TopStep has since pulled their affiliation , and discounts, but not exactly sure, honestly.
Bill, in your repeated naming of “Simon jousef the arrogant prick”, is “the arrogant prick” his last name? 🙂
Simon Jousef is an arrogant prick.
I am treating it like Sesame Street.
If repeated enough times, it should roll together on any mention of his name.
One needs to understand, that Simon Jousef and arrogant prick are one in the same …
Plus I know he reads this blog all the time.
Reminding Simon Jousef that he is indeed an arrogant prick brings a smile to my face each time I write it ..
Steve, I can read perfectly. Sadly, I did waste my time reading your site. I see nothing there different than what Simon or Bob Amico or any other scam trading room could write. You yourself admit you will show no DOM as it is a scam. I guess making clear calls and showing your brokerage statement would also be a scam. Oh but your site says your trades setups will be verifiable. Verifiable by whom; you, your brother, your mother or maybe even Dean Handley? In a million years I do not trust your verified trades (unless done by a high recognized 3rd party accounting firm) or should anyone else here with any common sense. And of course your site says Expert Advisers and Trading Coaches. Expert Adviser evaluated by whom?
Instead of saying anything I would want to hear you are saying the same smoke and mirrors every dishonest trading room says. If you truly want to open up an honest trading room I will tell you exactly what you need to be say instead of the same trading room scam words that you are currently using:
1) I will clearly have my DOM up at all times,
2) I will make clear calls where every trade can clearly been seen before hand via my DOM or via my Charts, showing clear entries, adds and exits,
3) I will keep daily accurate records of my trades, which will only include trades I clearly showed as described above. No mysterious after hours trades will be included,
4) I will open my brokerage statement throughout the trading day showing the trades I have taken, both open and closed,
5) I offer a one month free trial with no obligation. And here is what I want you to do during that month. Take my trades in sim and if the results I post are not accurate, post on Emmett and let the world know I am a crook. But if I am telling the truth also post that on Emmett and let people know so they can also take the free trial and see for themselves.
But in addition to all that if you are truly honest then instead of self-promoting in a thread about companies promising funding, do what I have repeatedly said already. You say you have emailed Emmett, so do this: I will even give you the words to use below:
“Emmett, I have a new trading room. I know 99% of the trading rooms are nothing but an illusion to scam people out of their money. But mine is the real deal. I want to offer you few months free to evaluate my room. You can record and have your assistant mimic my trades and see that I am profitable and I am accurately recording my results. In addition, Emmett I will show you my brokerage statements for the last 3 months (absolute minimum) to show I am a profitable trader.
Now if you do all that (which I doubt you will do) I will take back everything I said. If you continue down the path of I will not show my DOM or any other real prove or do any of the things I have suggested, then I give you word zero weight (just another con artist) and stand by my opinion, you should be banned for vendor self-promotion. I dare you to take the actions I have outlined and prove me wrong!!!!
Rob thanks for looking
I am going to re-vamp some issues to make my point more clear.
1. On the website: I cant find it where it says that Im the head trader or even profitable? Can you provide the link please?
2. Though I think im a good trader.. I did say I dont trade off the DOM.. I can’t trade bid ask that bugger is too fast for me
3. I did say I will trade a house account.. I did say it will be audited by a Pro. Auditor
I did say you can see it through out the day.
4. I have talks with Trading coaches … yes the ones you have seen that write the books. ie coaches most part dont trade, but they can help get your edge on.
5. Trading Experts. Only ones that have been vetted by an accountant, auditor, advisor
I think you guys are missing the point I want to create a community so you guys cant get fooled nomore. the game is over for the scammers.. The site isnt about me its about the daytrader. To get you deals on platforms.. to get feeds into the room for a fraction of the cost of you going it alone. Its a hangout for new traders so they can decide and learn what is best for them….
I dont’ understand If I have a bonafide educator/trader in the room and it went through an actual audit.. thats not enough?
Where do you guys hangout during the trading day? give some feed back
Im going to nip it here…. I dont want anybody from tradingschools.org to sign up..
email me or skype me ..
I dont know if you guys are for real or are coming from one source to agitate.
Skype me and talk with me…
… Emmett thought it was a cool idea when I talked to him. It could be a shitty idea, but where are you going to go in the mean time? a forum? a paid room ? a paltalk room?
I just included for more info. Please be aware that finding people that can be vetted is a tough task indeed. Some I do have, but they are not willing to come on due to the community doesnt draw enough people yet.. Cold Hard Fact and I can understand that
1. FAQ
http://www.tradersrevolution.com/public/FAQ.cfm
2. Advisory Team http://www.tradersrevolution.com/public/department55.cfm
3. Pro educators: http://www.tradersrevolution.com/public/Professional_Traders__Educators.cfm
gluck
You asked for feedback. I gave you feedback. Personally I do not see the value, but others might.
You say, “I dont’ understand If I have a bonafide educator/trader in the room and it went through an actual audit.. thats not enough?” Well first you have not even done that and 2nd it depends who the auditor is. GTR was verified by Dean Handley and you can read that post to see how that went for those members who now complain about it being a complete scam. As I have repeatedly said and am saying it again, ask Emmett to evaluate your trading room for a few months and do a report. Whey do you keep refusing to do this? It seems like you want members to join a trading room that has no profitable traders, but sometime in the future it will, even though 99% of trading rooms can not make a dime. Hmmmmm!!!!! Yes why would I not believe. Can I sign up now. The bottom line is you did not want feedback, but wanted ass kissing praise. Man! you came to the wrong place. The posters here (including me) have all been (or at least most) have been ripped off by con artist trading rooms. I can smell a smoke and mirrors trading room now from a mile away. And as I said in my post you are not saying any of the things I want to hear.
I have nothing more to say, but I will answer your question, “Where do you guys hang out during the day” I hang out at my computer trading. Before the open I spend 1.5 hours analyzing charts to identify instruments I want to even possible trade and after the open I am concentrating on my trades and managing those trades. I have no time to “Hang Out” anywhere. After I am done trading then I Skype with other traders I have meet over the years, all for free and talk about how their and my day went.
And as you probably already guessed when I am done with that I read through various trading blogs including this one and comment when I think it is needed.
Rob, thanks I understand your position. No I dont care about praises… not until the website is perfect… and its has more to grow.. Your now profitable?. You only trade an hour or so per day.. thats good and you compare trades with Skype guys all good.
I did just add some new pages above. here are the links
FAQ and such above
1. If you think Emmett is above an NFA auditor then I dont mind giving him my papers Emmett and I have talked about this, but again my trading is only 5% of what the website is.
2. There are some educators that are willing to hang out and they have been vetted, but their objective is to make money from people and if my community is not up to Par then it makes no sense for them to come on…
3. I do have most of the people lined up. even a Squawker but they want too much cash. If the community was bigger then it can absorb such.
4. Rob, why dont I vett you and you can help the community Isn’t that far better than a post? surely you would be doing the small guy a big favor by showing us all setups and trades even your skype guys can sign on…
Hey this is your community you make it! so help out!
1. Contact me
2. Ill give you a free room cause your profitable and want to be vetted.
3. Your skype friends ill give 30 days to
What do you say?
I will only comment on one thing your brought up as I have already given my opinion on the other things and it just seems like you can get all the other things you talk about from Big Mike for free or for $100 lifetime membership. You asked about vetting me.
You clearly have not read my previous post. I have in previous post stated Emmett should create an Ask the Expert Tab at the top, which will allow posters, who can show Emmett at least 3 months of profitable day trading, to be given essentially a column where they can discuss their views on trading and where others can ask questions and those “Vetted” experts will be given some type of ICON to indicate they have been vetted so when people read various posts they know who is really a profitable day trader and who is not. I have openly volunteered to be the 1st vetted expert. And if Emmett is willing to do that I openly volunteer again to do a Skype one on one with him to bring up my brokerage statements live and show proof I can day trader profitable. This is something 99.999% of the other trading rooms, vendors and apparently you can not do.
As for your other part, in a million years I and I seriously doubt any “Truly” profitable day trader is going to run a trading room. If I had a room of members that took my same entries and exits there would be so much slippage I doubt I would be profitable (unless my goal is to do pump and dump). And when I am trading I have to concentrate on my trading not on moderating.
I would imagine someone that can “Truely” document years of profitable day trading would be able to charge a million dollars or more for his service and he would easily get it. There are very rich investors out there willing to back a know commodity.
But instead we just get a bunch of trading room operators and vendors suckering in underfunded traders into trading complete BS. I have repeatedly called it trading the Matrix. This is why 95% fail. No one can trade the fantasy matrix that most trading rooms and vendors teach. It is trading not based on the actual market structure, but on ones funding capacity. As I have said numerous times the market does not care if you are underfunded, it will take your stop loss and laugh all the way to the bank. Trading the real word is very very difficult; trading the Matrix is impossible.
Rob, to be honest anybody that Emmett Vetts and I have talked about this with Him. And I mention on my site. What ever is Vetted by Emmett has weight, but not enough for me.
1. Do you think in a court of law they would take Emmetts view over an Auditor/ Accountant and Lawyer all affiliated with the NFA CFTC SEC?
So in retrospect I would not personally accept your “Trading” unless its Done my way The legal way. Even all of the Vetted educators on here would have to go through MY WAY its the most honest verafiable way.
Again your missing 95% of what the website is. How can people fail starting out deciding what is a good system for them. While they dont invest a dime into a product… and while I have negotiated a product that they like… instead of paying $3000 they pay $2500…..Listening to snp500 pit.. Listening to You trade cuz your profitable as you say …. what harm… the only harm is not doing….
It’s like talking about who is best for president yet you dont vote.
I daytrade for a living. I’m not selling anything. I trade several markets. But I don’t “hang out”. To me, that sounds impossible if you daytrade. It takes all my concentration to be consistent. In fact, my losses usually occur when I haven’t done all the homework or paid attention to my discipline or my system. That takes ALL of my time. How could anybody who actually daytrades profitably “hang out’ any place other than right in front of their charts. Agree with Rob here.
Steve, you really are a true dimwit and you have highlighted the main point in your little pathetic rant number 4. The reason people go into full time education is because they are not very successful as full time traders and need the extra income, so why on earth would someone pay them to learn to trade.
I have no interest in anything that you have to offer, your desperate attempts to get people on board are pathetic and you’re full of shit.
they say never throw pearls before the swine.
I offered it all to you for Free for you to be the mouth of reason teach us O one of profits. Mr. I want it for free. If the room was free you would still bad mouth it.. why??? cause you cant trade you never could… but im still willing to take your diapers off and let you breathe. You dont need a spanking you need to be cuddled and loved…
1. When Experts have said the site is a great idea
2. When Emmett though it was good
3. When newbies said it was something of interest
I moved forward.
Again you have failed come come forward to help anbody. Again you try to discredit under vulgar chats. You have nothing positive. It shows that even for 1 dollar per day you can’t afford to help anybody. Heck I said FREE FREE the troll went behind his keybord.
You slither through free rooms being assited by bullcrap traders and the head honcho cant even prove he trades.. Get your freebies and you deserve all that you invested..
hugs and kisses
Traders Revolution
Hahaha there you go again on a pathetic rant.
Where did I say that I was interested in your shitty website.
You asked me for advice and I said ”If anyone is interested ” in a service then it should be given for a month free, like most do.
Rob B has given a very clear reason WHY profitable traders do NOT want to give out signals and I totally agree.
You don’t know fuck all about trading you are wet between the ears. Your pathetic idea is just you wanting to piggyback off experienced traders without doing the necessary hard graft and expect to get paid for it, Hahahahaha. I guarantee you will not find one person unless you are paying them a huge fee. Why the fuck do you think you are so special that you can get anyone to part up with their methods and calls for free.
You complete and utter deluded arrogant prick.
This one with “coaches don’t trade but can help you getting an edge” is funny for me.
If he can’t trade how he can prove he is a deal ?
Joe Ross is 78 years old and he’s still trading ..since he was 17.
If they don’t trade maybe they can share their experience as an ice truck driver as Ms. Roussos ?
Yes Christian, that is a classic.
Id be surprised if Steve the dimwit can try and justify saying that.
You guys are trolls
a trading coach like http://www.jodymichael.com they assist traders. She was featured on floored the docu-movie.
Ok I have expended my time here..
Emmett, this truely is the land of the lepers and misfit toys. The 2 buck chuck wine drinkers. This is Emmetts Meth Clinic. The crack smokers never make a buck sore losers… I can’t afford a dollar a day gimmie… Free trades type of puckys.. lint filled pocket nobodies collecting welfare checks… and bumming 5 lbs of cheese from the government…
Ciao
last call-out
Bye Bye Stevie Dimwit and good luck on your pathetic crusade to ”Revolutionize” the trading world. your gonna need it. hahahahahahahahaha!!!!!
Yep man, we are trolls but only for kind of you who are beggars.
I’m sure you are the new Van Tharp but still misunderstood.
Alright Steve I am going to try and help you out here and give you my honest opinion. It seems like this endeavor of yours is more at the brainstorming stage. It is unclear what anyone gets for $39 a month. Right now to me from your responses, it sounds like for $39 a month you will eventually get discounts to other add on services. I am not sure why I would pay $39 a month for that. So my 1st suggestion is you need to clearly state what I get for $39 because so far I see nothing that would interest me.
Next, you say you are going to vet trading room operators, but you have none so far. My suggestion is you need to thoroughly explain this vetting process. For example if you said Earnest & Young was going to examine the traders tax returns and brokerage statement for the last 5 years and provide a detailed statement of their earning over that time period I would be impressed. But I doubt that will be the case. So first what is the vetting process. I want to know in detail how these traders will be vetted and second who will be doing the vetting. Is it at least a CPA? I want to see that CPA’s resume and see things like past president of the NFA on it. I think most of the profitable traders that want to run a trading room already are doing it, but maybe I am wrong.
Finally, you state you will have access to Trading Coaches like Jody Michael, but one can hire her now if they want. I doubt this is part of the $39 a month, but again all this is unclear.
I guess my thought is that this is site is in its infancy and I cannot see paying a little over a $1 a day as you call it for something so undefined at this point.
IMO, if instead of pointing to some site asking for a $39 a month, you could have stated your plans and you wanted feedback on what traders are looking for. What would be of value to them. Right now I just see a site wanting $39 a month for nothing. And yes I read the value you mentioned and I do not see any value there. This is why I think you are getting such negative responses. Maybe once these vetted profitable traders are found and exactly what these Trading Coaches fee will be and what their qualifications are.
Everything just seems very murky to be right now. Anyway those are my thoughts.
Hello Rob,
Yes you are correct it is the infancy stage as I have mentioned I think here and numerous emails. I truely do want to help others. I do mention on the site that things arnet stable and a proper footing is bassically a distance away, but it’s getting there! In my opinion $1 dollar a day is a steal… Heres what I want to accomplish and you guys tell me what you would like.
1. Im working on a freebie trading room for anybody Also a Discussion board free
2. Im working on Vetted educator/Traders.. tough as you know here they are difficult
3. If they pass the vetting… Those guys can have a free room.. they can come on and hawk their stuff to newbies just another portal for them maybe once or twice per wk… what ever they want. They can have a full time room if they want free, but have to give some back…to the community. I have a potential (instituional trader) to give advise too…. crossing fingers
4. Auditor listed on my site… they have NFA CFTC SEC experience with audits
5. Accountant… signing on this week .. trader status type knows all regulations.
6. Educators themselves.. I do have a couple, but they dont want to come on until a larger audience.
7. Funding trading room coming
8. Trader coach.. just to have them on for pep talks if thats what people want.. they will introduce themselves interview format.. they will be directed to their site.. if they want a session.
When I have the free section up you just log on to recieve your name and password.
I have deals lined up with software companies and such to give discounts… mainly to transfers and newbies.
Tell me what this is worth when in full swing and what else you guys want…
As Simon Yousef from the GTR is endorsing them you can bet your life its as fraudulent as him.
Hey Guys,
I have no clue how honest this company is. Some say they have been funded, but great job Emmett. I tried contacting these people to help fund other traders, but I never have gotten an email back. For those that want to learn, earn, share and create a community. Drop me an email. give some feedback positive or negative. I dont want to make it look like an ad.. I did ask Emmett if it was Ok to post… and he gave his blessings. Go to http://www.tradersrevolution.com to learn more. Be a moderator, Trade Live. so much more..
For God’s Sake Emmett why are you allowing vendors to post links who are selling subscription to a trading room that says anyone can be a room operator. And I love the fact they have so much confidence their product there is a no money back guaranty. It makes it look like you are endorsing it. This should be taken down immediately as far as I am concerned. One thing BMT does right is not allow self promotion by vendors. They are Banned!!!
If you product is so damn good give a no condition 1 month trial so people can see those money making trades of yours.
Emmett, If his product is so good then he can ask you to evaluate it and then your can provide a 3rd party independent review. And once the review is up he can post in their about his product and people can post question and their experience.
Rob, I don’t know if you actually have read the whole site. I’m not so much into self promotion, but Emmett and I have chatted a few times and emailed.
The site is very new…. as for freebies the room is open 24 hours a day and that is less than a penny per hour which is actually one of the lowest priced VOIP softwares featured. If you just emailed me as I mentioned… I would have responded with something up your alley..and I did not ask anyone to purchase, but to give feed back….
1. It’s a trading community where new or experienced traders can trade. Some people like to call trades. We are here to help other traders not knock them down.
2. All of the rooms will come with a warning disclaimer ie non professional. It can be mudane as a paltalk room, but everybody will know it.
3. If a professional moderator wanted to come in and teach..its cool they can hawk their “stuff” and the room will be labeled Professional
4. We are lining up CTAs, and other professionals
5. There is no product that I am selling. There are no claims that I am a million dollar producer…It’s a service
6. Wouldn’t it be cool if 30 top gurus were at traders revolution? and you can bee bop into any of those rooms with a click!
7. Wouldn’t it be cool if I had a Live Squawk streamlined into the room? with breaking news?
8. Wouldnt it be cool When a top vendor says I’ll give 20% off for new subscibers?
9. Wouldnt it be cool if I had those gurus in house tweet their top trade of the day for free??
All above im working on and more
Im still working on the site.. membership still needs attention as you know new ideas take time
thanks 4 your time
Steve
Steve, You are selling a product… a monthly fucking membership!
Its a shitty looking website and you are completely insane and deluded if you think you can get any of what you claim to be ”Cool”
As I have stated before that any successful pro trader would NOT waste there time trying to educate people as they are to busy trading, unless they were getting bucket loads of cash.
Anyone participating in your site would just be trying to sell some shit, just as you are.
You cant seriously believe anyone would buy that shit do you??
lJon
ol funny stuff. Hopefully I can do better on the website to impress you. If there are no pro educators why do you hang out here Jon? I dont mind the harsh attacks as I invited them. Maybe my message isnt clear enough.
May I ask you some questions?
1. Where do you hang out during the trading day? Some 200 or so people pay that fous guy $200 mth cause they have nowhere to go.
2. Should I be offering for free?
3. Pro traders Help they actually do. Most pros work 2-3 times per week.
4. If anybody on the site is any good why should they not be able to promote?
5. You could be correct, the website could fall, but i wont cry.
So you think BIG M room offers you a free eduction. You think He can trade? You think he makes no money? You think nobody is trying to sell over there.
I’m here in my spare time to stop people making the same mistakes I have done in the past in buying into shitty trade rooms and services that don’t work.
I think Big mikes is full of shit and 99.9 people there cant trade but are looking for knowledge, that’s why they are there, and its free.
I trade futures fx for a living after many years of struggling and failing, 2-3 trades a week what you state laughable.
You need to be more realistic with the info you claim to have on your website and give a free trial to anyone that is interested.
Most people on this site have been burnt in the past or simply looking for a good review of something they are interested in, and its free, so good on Emmett.
Ding Ding
Jon, since you have claimed you trade Forex for a living and want to stop people from screwing up.
1. Your more than welcome to Moderate for FREE at Traders Revolution and become vetted. A successful account by any means should help others no?
2. Help me create the best platform to stop scammers.
3. If you dont want to be vetted. why not go into a live platform and assist traders LIVE where it really counts.
4. Sorry, Real traders only trade 2-3 times per week/ more so on positions. Day to day trading has over time proven a loss.. hence the retail trader trades everday and has a 95% losing avg.
This is not an attack on you Jon, If you can really trade. Lets show the trading world how its really done. And spread the message in a way that im not conveying right now.
THIS goes for anybody that claims they can trade and make money. If your so worried about others being scammed and you can prove you “profit” them help for real LIVE instead of hiding behind texts.
Best
Steve, if I were you I would talk less and listen more, some of the things you’re saying tells me you have very little time in this field and are trying to use another angle to make make money ( good guy version), the gig you’re proposing would be no different then any other room, everyone who gets into the industry is walking into a dark room hoping that someone will assist them with the exit. Unfortunately they just get walked over to a deep pit, what happens next is usually not good for most. Con man and swindlers have figured out that this is a good business to make a lot of money with no trading skills at all, just a little marking smarts and away they go. Your proposal is the same, I’m not saying you’re a con man but I am saying you’re quite naive and inexperienced.
Product vs. Service
Product = tangible.. ie you can put your hands on it ie a book
Service = intangible.. ie you can’t put your hands on it ie trading labor for cash ie raking leaves
So http://www.tradersrevolution.com is a service. I am at your service to provide much needed LIVE trading to a community with education that may include products from vendors
Ciao
Steve
I have no clue what the fuck you are on about???
Jon, I dont know how clear I can be…
You want to help traders… then help.. Im offering you a FREE room to moderate. You said your profitable. So I would like to Vett you if your up for it. I have an Auditor. I dont look at accounts he does. He charges a pretty penny. but its on me i’ll absorb the cost to get you to really help traders…. What do you say???
Am aware that BMT will not allow self promotion. I certainly understand why. However, the very moment that I start to censor or muffle free speech, then it opens up a broad range of problems.
I have a never banned anyone, but have deleted a few comments. In particular, a bunch of Jew haters posted negative comments about Tim Sykes. One person made a bunch of pornographic comments about the lady at The Stock Swoosh, and a few nasty comments about Muslims. This blog can be downright nasty, but bigotry and sexism is off limits.
Steve, you asked for feedback, positive or negative. Here it is from my point of view.
1. Yeah, it’s an ad.
2. Yeah, you’re selling something — $39.95/month membership to watch the “real” traders.
3. How do you or mostly, us, know these are really good successful, consistently profitable traders? Have you vetted them? I think not.
4. You say wouldn’t it be great if they posted their top trade of the day. How would they know what’s the “top” trade of the day until after the day is over, especially if it’s day trading? You’re telling us that before the trading day begins, they already know the best trade to take? And what would be their stop?
5. Opening a room to anyone with no proof — whoa, that makes me shudder and I feel greatly for any of those new to trading who would fall for this.
6. This is a black hole for anyone going into it. The only one who profits is you, collecting the $39.95 membership. You can’t justify it by saying it’s only 1 penny per hour (although that’s really terrific salesmanship, you oughta think about marketing — oh, you have).
rtchoke
Thanks for the feedback.
1. I guess anything is an Ad or a promotion, but I assure you it was not done with mallice.
2. Many people come here,because they have been slammed by scammers and I understand that. $39.95 is a cost and I would still say its one of the lowest priced vehicles out their.
3. I dont go through the long labor that Emmett does to vett. I just dont have the time. the Vetting process will be handed over to an actual Auditor that has affiliations to the CFTC-NFA and SEC. Hopefully that is enough for you. As for a CTA which also has to comply with records is enough.
4.. Post top trade?? before… the market opens ie.. what are they looking at what level and what # is their suspected entry at. Or even during the day as you may or may not know events change during trading. Rest assured it will be during trading.
5. I personally dont see any harm to open a room for would be traders. Everyone in the room will know its a non professional room. Wouldnt it be great 200 regular traders hanging out sharing their stuff and actually dont need an educator? You may already do that Via Skype. Or people may leave their eduction to Big Mike. At least you will have everything you need to decide if LIVE trading is your route.
6. Everybody is always worried about what goes into somebody elses pocket. The idea I have is to bring everybody in one place, because all traders are scattered…. not the good ones..but the bad ones. If I can get you guys away from the bullcrap sites the forum type trading and go live or even paper trade would be great. Yes I would like to have a paper trading room where I can send a Pro to assist and show where people are messing up… If you think thats bad.. so be it.
The website is nothing without a community. It’s funny that your worried if I might make money at this, While I was worried about helpng people. I wanted to keep the price at a cup of coffee per day per person is that really bad?
If your waiting for the glory type trader/educator you maybe hanging around here for the next 10 yrs, because 95% suck at this business. If every trader has a place to call home and actually have the chance to trade nobody can pull the wool over your eyes. because at traders revolution they have to do it live where we can all see via the webcast that is their 24 hrs a day. Its not any forum trading ..its live. For the first time ever has anybody ever provided a live platform to hang out, trade, vett, share files, screens etc.
Say the guy Simon Yousef wanted to show how he trades. We set up a date invite him in where he goes live! Wouldnt it be great if you dont have to subscribe to 200 of these trading rooms to see if these guys are any good, but they come here at traders revolution.
Peace
Steve
“Wouldnt it be great 200 regular traders hanging out sharing their stuff” Yes wouldn’t that be great for you. 200X$39.95 = $7,990/month or $95,880/year – room costs of $?. No Steve you’re not thinking about the money. You’re all about helping people.
Steve,
I got a shocker I do not blame you for self promoting an unproven product. I do not think we need vendors at this site suckering in desperate underfunded would be traders. You provide no proof what so ever you can trade profitably. From my prospective your site just seems like another trading room trying to sucker in traders with no proof what so ever anyone there can trade profitably.
If you really wanted to just create a group of traders helping each other you could create a free Skype group. But I have am pretty sure that is not your actual intent.
Here if my shocker, I disagree with Emmett’s no ban policy. I understand the Goggle ads. Emmet has been clear he wants to make money off this site and those Goggle ads are in no way an endorsement. But I do think he should ban self promoting vendors because he offer you an alternative process you can follow.
Here is what should be done IMO. If you trade profitably then request Emmett to review your trade room and evaluate it. He can then create a new review where your can post and others can ask questions.
Again your worried about what goes into my pocket.
1 Do you ask ninja trader that makes over 1million a mth on subscibers..
2 Gross is not net… for some feedback.. Do you know to go through SEO website promotions the cost is up to 10k per mth..
Did you really call this guy out for charging $35/month? Really? In this industry? LOL
Hahahahah Steve. ..you just mentioning Simon Yousef have sent your ”Traders revolution ” into an early grave.
Emmett
This has got to be the joke of jokes. These guys cant read. Maybe my since my site is 3 weeks old it needs fine tuning
1. Emmett and I talked about all of theses scammers. Do you guys think I would throw myself to the wolf not knowing?
2. NO-Where on the site does it say that im the greatest day trader there …or claim any $$$.
3. Im acting as a traders advocate like Emmett and offer Auditing with accountant and lawyers at my disposal, but im offering a little bit more since I do trade and love the business.
4. Me being Vetted? When I’m up and running on site you will see a house account being traded and audited. I dont trade with the DOM to me it’s a scam.
5. I was told by many to charge far more than I am now…. hmmm
6. Having so many perks to the room such as live feeds… Do you guys even know that a live feed would cost you alone $200 per month.
7. So many people gravitate to Big mikes and Elite T why? cause its free., but they never ask why each one makes upper 6 figures
8. Cold Hard Truth so many are afraid of Real trading that they have been paper trading 5 yrs or so and have been scammed… while waisting $199 per mth on a system(room) that doesnt work
It seems so many people here have been beaten down so bad that they can’t figure out who is trying to lift them up.
This place is like the Island of misfit toys or the land of the lepers.
ciao
Steve, You are the real Joke here, Its pointless having a discussion with someone as deluded as you who thinks they ”revolutionize” the trading world.
I’m not going to waist too much energy on you or take up too much space.
1. I offered you.. a free room.. you did not take
2. I offered you… free vetting you did not take
3. I offered you.. to contact me… you did not take
4. I offered you… to help other traders… you did not take.
All ideas can be delusional.. It’s something I would like to see. By most part it’s grand to take on an industry to shape it ..shake it…
You sir.. just feed an fomit negative insults
You sir.. Are the Joke, as you can’t come out and play or prove anything. At least I am trying. Your the child that eats the crayons in the back room and complains your milk is spoiled.
Your the one that cries FREE FREE, but slithers like a snake with a cursed tongue. A bottom feeder you are.
But my offers remain to reedeem yourself.
All that I claim on my sight are real… true.. and I back myself with the industry.. CFTC NFA Audits. Hardly anyone on anysite does this. Admittedly the site needs work.. and I had more content.. actually too much.. and was told to dumb it down. Again the site isnt a site until its a community.
Do you go to StockTwits and bitch them to vett all of their would be experts?
You asked for feedback:
I have no idea of what service you provide, but the website looks horrible and something from a 90’s ad – these are the kinds of sites that gets 5 seconds of attention from visitors before moving on. If you are offering something legit, you should consider having a more appealing website, otherwise I think you will have trouble attracting visitors/members/customers (i am not sure which you are looking for, as the front page scared me away after 5 seconds).
Kenneth well taken tks for imput… Programming is tough stuff..
Isnt it funny..
Most of the scam websites look good
while the non scam sites need help..
will address good job
You only really need a 5k account to day trade futures and have a buffer for drawdowns, intraday margin requirements are only $500/contract most places. So you actually can trade with 1k or less in your account. Why go through ridiculous combines like topstep or deal with shady prop firms like MES at all?
well, you ALL are forgetting the fact that +90% of traders fail….so opening a $5k account will result in you LOSING your money pretty fast (likely a few thousand dollars if not all of it)!!! However, if you have topstep account and do combines regularly you can only lose what you put in, which is small (average price of $150). Even here you will probably lose BUT you will lose LESS REAL CAPITAL. Doesn’t anybody seem to get it!?? You will Lose Less money in a much longer timeframe with a program like TST than if you trade with real money, in which case you will lose MORE MONEY FASTER. I think TST can help you to stay in the game longer and preserve your capital.
Yep, this was my first thought too.
The problem is I know trades that can not afford to have a real trading account but still spend money on Combines.
So, I would say the main target for these companies like TST are the broken traders.
As a TST “just funded trader” you have only first 10 days of trading to build your buffer account. This buffer is the only amount you will be permitted to lose before get a kick in the ass and put to take the combine again.
“Can you now see how this virtuous cycle persists?”
Emmett, I think you meant to say ‘vicious’, not virtuous. There’s certainly nothing virtuous about it. 😉
If I had to put my money on the line, I would guess this is more of the trading room illusion. Just another tool in the con artist’s good old toolbox to scam people. Take our course and even if you are underfunded you can get funded. It never ceases to amaze me at the elabornativeness (might not be a real word) that trading rooms setup to create the perfect scam. Literally they make the con artist from the movie The Sting look like amateurs.
But I would also like to discuss TopStep. First, I openly admit I know very little about them or have any interesting in their funding program, but I Skype with other traders and from what I gather if not a scam they are on the very edge. I am hoping some here can better inform me exactly how their process works. Here is what I gather. I am going to use some Wild Ass Guess (WAG) for numbers, because I do not know them. I am hoping others that know more will fill in the real numbers to paint a better picture so we can truly evaluate them accurately. I will put WAG for any Wild Ass Guess I am making. I got my numbers from:
https://www.topsteptrader.com/learnmore#learnmore-combine-signup
1) You have to pay them a $95 fee to take a $10K combo. I must add, the fact that this fee is monthly renewable speaks volumes to the number of traders that fail the test,
2) 90% (WAG) fail this combo and TopStep keeps that money. So if 10 people take the combo; Top Step makes $950 and one person has a chance to be funded,
3) If you are one of few ones to pass the 1st combo you then get the right to take another 10 day trader prep test in sim that you must also pass,
4) So now even more people are eliminated, so maybe 5% (WAG) make it to this point,
5) Now you get your funded $10K combo,
6) With this you can lose a maximum of $300 a day and a maximum of $1000 total,
7) If you lose that total you have to start all over and once again pay for a new combo,
8) And of course if you fail to pass the combo they have training and mentoring you can buy. So the taking of your money continues. Can you spell “C O N G A M E”.
And for all of this you get to keep 80% of your winnings. Assuming I got this right and please feel free to correct any errors, I can not see how this is a good deal. Everyone has draw downs. So if you get a draw down at the beginning you are kicked out? If you can truly trade profitable I would think you would be better off to just slowly build your account up. How is this a win for a trader? In fact the only advantage I can think of is if you pass you can put it on your resume maybe for opening a trading room.
@Rob, A good analysis of TST was written by a BigMike member, GMM. Search and ye shall find.
Big Mike- Tiger Trader Futures i.o or whatever it is called. If this is a source you are relying on for solid trading info then you don’t understand Big Mikes motive and I suspect have very limited success. Big Mike is a vendor of the sneakiest kind.
Specifically to Top Step- There are traders who have successfully passed the combines, are funded and make a decent living thanks to Top Step. I personally know a few of them. They live in 3rd world countries and are underfunded- But they are living the dream compared to their countrymen.
One of these guys made the mistake of volunteering to help on Big Mike’s
documenting how he passed ( and taught 3 others to pass the combines) and was chased away by Big Mike, Tiger Trader and a handful of others despite posting his active p&l.
The actions taken by Big Mike- Tiger trader etc were in direct violation to Big Mikes “Play nice or you will be booted” mission statement, In addition he has demonstrated this as a clear pattern to anyone who does not agree with their Reckless style of cult trading.
Big Mike charges membership ( elite) for data that the members provide of their own free will. Once you become popular by definition you are competition in Big Mikes eyes- so Big Mike will look for any reason to ban you- So your days will be numbered there.
His goal is to have members keep providing information to keep things interesting and keep readership up so he can make money on the front end ( with memberships) and on the back end with affiliate $$.
Specifically look at these guys – Tiger Trader – Big Mike are on the site 24X7- Weekends/ Holidays- Living the dream. Careful who you get your info from in this business!
Perhaps most awaited review of the year 2015. Alas, MES does not need review!
Thanks, Emmett. You are duh best.
Emmett you’re the best this is so accurate of the bigger picture. Two trading rooms they are affiliated with Simon jousef gtr and Maria Roussos order flow Are the biggest false results claimers who squawk the loudest if you ask them to prove their amazing results. Mes makes no sense they move the ball all the time. There’s all kinds of politics between Sattsam and his alliance with Simon jousef. Once again if he can prove what is doing fine if not doubletalk. So far inconsistent capricious decisions from mes
Well, of course it’s just BS, all that remains to be established is the flavor of it, ie does it have a plain scam aroma or is there also some ‘trading education’ sprinkled on it, TopStep style.
MES is attempting to portray themselves as, “We have nothing to sell, we offer only opportunity, therefor we are immune from any sort of scrutiny”. Its the ultimate free lunch argument. If the benefactor is gracious enough to offer a free lunch, then it would be uncustomary or rude to question the motives of the benefactor. Ridiculous! The subtle motivations of the pious scare me far worse than the petty thief stealing a loaf of bread.
Why do you (Vlad) say that TopStep is BS? You may not like the terms, but that doesn’t equate to being BS.
MES Capital Group, Real or Fake? My money is on fake.
I spoke with the guy running mes before he got the message website up, and he just had the dumpy blog style futuresprofile.com site. He told me he had very little capital, as at the time he only claimed the max account is 15,000 and he had enough to fund maybe 5 traders.
Take that for what you will.
The MES people should of just contacted me and said that they were looking to fund a few traders for 100, 200, 600, whatever the amount. The amount is really not that big a deal. But that they are actually willing to even to fund traders, that is all that matters. The attempts to be secretive, not clearly define what they are looking for, and associations with a few vendors with a challenged reputation really made the review very difficult to write. Also, the person that answers emails is clueless about the industry, which made them look terribly juvenile.