Anyone knows this firm?

mariosyi

Newbie
1 0
I just had a job interview a this firm called yesfx and they are interested in hiring me as a junior trader. The only pitfall i see so far is the 4k euros i have to give for the 2 months training courses (half infront half when they are over). This leads to learning their inhouse software for use.
Since i am new to this particular area i would appreciate any feedback on the company and whether its a sound investment to actually pay for the training course.

50,000euros live account.
Minimum trade per day: 1
Maximum trade per day: 3
Minimum or Maximum position size per trade: 100.000 (1 lot)
Intraday positions: All positions must be closed before the end of the trading session.
Maximum daily loss: €900
 
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redtag12

Active member
153 3
I just had a job interview a this firm called yesfx and they are interested in hiring me as a junior trader. The only pitfall i see so far is the 4k euros i have to give for the 2 months training courses (half infront half when they are over). This leads to learning their inhouse software for use.
Since i am new to this particular area i would appreciate any feedback on the company and whether its a sound investment to actually pay for the training course.

50,000euros live account.
Minimum trade per day: 1
Maximum trade per day: 3
Minimum or Maximum position size per trade: 100.000 (1 lot)
Intraday positions: All positions must be closed before the end of the trading session.
Maximum daily loss: €900
Hi,it,s a prop traders business model whereby they have to bring in new blood all of the time as very few people make it as a trader.Your chances are about zero,but you may make it as well.Do you have a degree in Economics or maths do you have a sharp mind, very sharp where prehaps you could trade millions on a daily basis,or weekly, or yearly, i suspect not, however i may be wrong it would be nice if i was as i could then say yes you have a good chance.However i doubt if you will make it as a trader with a prop house but please try if you want and please would you keep us up to date as you travel your road.There are other ways of spending your money.A part managed fund whereby you are involved look it up.Forex trading, Futures trading.Find a real Trader and beg him to train you,conversly look on the internet, ebay and take a signal service there are a few good ones there.But most of all do your research.Good Luck , look forward to hearing from you again.Regards Mike...P.S. $10,£10,10 Euro,s per point in the world of real trading is small beer and think most traders Retail would aspire to that level not many get there compared to how many set out on that jouney.Mike..
 
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A Dashing Blade

Experienced member
1,373 170
You're seriously considering giving a Cyprus based Fx operation EUR4000 in the hope that they'll turn you into a "successful trader"?

If it were that easy, don't you think everyone would be doing it?
 
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counter_violent

Legendary member
11,266 3,005
You're seriously considering giving a Cyprus based Fx operation EUR4000 in the hope that they'll turn you into a "successful trader"?

If it were that easy, don't you think everyone would be doing it?

OP
4k would open a nice little acct, where you could learn the ropes small stakes. Plenty of resources online and all of it free, including here.
 
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MajorMagnuM

Legendary member
9,284 888
I just had a job interview a this firm called yesfx and they are interested in hiring me as a junior trader. The only pitfall i see so far is the 4k euros i have to give for the 2 months training courses (half infront half when they are over). This leads to learning their inhouse software for use.
Since i am new to this particular area i would appreciate any feedback on the company and whether its a sound investment to actually pay for the training course.

50,000euros live account.
Minimum trade per day: 1
Maximum trade per day: 3
Minimum or Maximum position size per trade: 100.000 (1 lot)
Intraday positions: All positions must be closed before the end of the trading session.
Maximum daily loss: €900

oh ****
 

forex343

Newbie
3 0
Watch out

I had a similar offer some months ago and I turned it down. Watch out dude, because it smells like a Ponzi scheme :devilish:
 

traderjoey

Newbie
1 0
It sounds like they are after collecting money from various aspiring candidates. They are collecting about 1500 euros ( so I heard ) for turning a fresh face into prop trader. Just imagine if they get 1000 such guys glued to the dream of becoming prop trader - they will have nice lil kitty of 1.5 mn euros,which they can manage on their own. I heard success rate in the industry is less than 2%. So you can imagine. Take care.
 

Vwittgenstein

Junior member
11 0
Ponzi Scheme

I had a similar offer some months ago and I turned it down. Watch out dude, because it smells like a Ponzi scheme :devilish:

I have first hand experience with this firm. Bunch of idiots running the operations. Do your self a favour. STAY AWAY from them...
 

NVP

Legendary member
37,754 2,099
I just had a job interview a this firm called yesfx and they are interested in hiring me as a junior trader. The only pitfall i see so far is the 4k euros i have to give for the 2 months training courses (half infront half when they are over). This leads to learning their inhouse software for use.
Since i am new to this particular area i would appreciate any feedback on the company and whether its a sound investment to actually pay for the training course.

50,000euros live account.
Minimum trade per day: 1
Maximum trade per day: 3
Minimum or Maximum position size per trade: 100.000 (1 lot)
Intraday positions: All positions must be closed before the end of the trading session.
Maximum daily loss: €900



BEWARE BEWARE - ALERT ALERT ALERT :clap::clap::!::!:

HINT - DONT DO IT
 

Vwittgenstein

Junior member
11 0
It sounds like they are after collecting money from various aspiring candidates. They are collecting about 1500 euros ( so I heard ) for turning a fresh face into prop trader. Just imagine if they get 1000 such guys glued to the dream of becoming prop trader - they will have nice lil kitty of 1.5 mn euros,which they can manage on their own. I heard success rate in the industry is less than 2%. So you can imagine. Take care.

You got it bang on!!! This is exactly what these guys are up to.
 

drtro

Active member
216 21
Take that 4k and open an account of your own. Any firm that charges for anything is not gonna stay around long. They target noobs for their money. They have no intention of making you successful. Prop Firms that require a person to have a track record are likely the one's who stick around. Every one I know of has been around for 10-20+ years. All of these "education" firms barely make it 5 years.
 

Samira Bhagvat

Active member
148 2
I just had a job interview a this firm called yesfx and they are interested in hiring me as a junior trader. The only pitfall i see so far is the 4k euros i have to give for the 2 months training courses (half infront half when they are over). This leads to learning their inhouse software for use.
Since i am new to this particular area i would appreciate any feedback on the company and whether its a sound investment to actually pay for the training course.

50,000euros live account.
Minimum trade per day: 1
Maximum trade per day: 3
Minimum or Maximum position size per trade: 100.000 (1 lot)
Intraday positions: All positions must be closed before the end of the trading session.
Maximum daily loss: €900

Whenever you got such offer, just think once how and why ?
 

bullmenbinary

Newbie
1 0
Away from this company

They don't open live account 50,000 euros but 5,000 euros but is not this the problem. I have heard from one friend that they take people to trade just to loose so the tax office to can not take from them money.
The 5000 euro you give to show you the 'system' they put this money to open for you account so to loose money and these money belogs to the company, because the traders loose they cover their profits.

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I just had a job interview a this firm called yesfx and they are interested in hiring me as a junior trader. The only pitfall i see so far is the 4k euros i have to give for the 2 months training courses (half infront half when they are over). This leads to learning their inhouse software for use.
Since i am new to this particular area i would appreciate any feedback on the company and whether its a sound investment to actually pay for the training course.

50,000euros live account.
Minimum trade per day: 1
Maximum trade per day: 3
Minimum or Maximum position size per trade: 100.000 (1 lot)
Intraday positions: All positions must be closed before the end of the trading session.
Maximum daily loss: €900
 

ph_trader

Well-known member
426 6
havent heard from them, but a 4k euro is some what big for training dont your think, its not about the base of the broker, hf markets are based in cyprus but they are doing really well. but for a forex like yesfx i have not heard of before its some what scary, try to dig in deeper or find a way to by pass that 4k euro LOL but if it pays good hey its still a good job haha
 
 
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