On the surface, Axia Futures looks highly impressive. They have a fancy looking trading office, excellent promotional videos, and the veneer of legitimacy.
However, just below the surface lies an infection of shady past affiliations, and a lack of transparency.
They expect users to pay a $5k fee to learn their ‘trading secrets’, yet can provide absolutely no proof of prior trading success.
I believe the owners and trainers are well meaning folk…but this is simply not enough. In actuality, there is nothing that truly differentiates Axia Futures from the myriad of other trading companies offering “the dream of day trading glory.”
***Updated Review!*** Please Read UPDATED 2018 REVIEW.
Thanks for reading today’s review of Axia Futures
What is Axia Futures? The company specializes in teaching futures day trading.
Axia Futures is located in London, England and appears to have a very nice looking, yet cramped, retail office space. Contained within this small office space are a cluster of desks, chairs, and many computer monitors.
Axia Futures goes to great lengths to portray the business as a “trading floor.” There are many images of young people milling about, looking important, and supposedly doing what professional day traders are supposed to do.
It all looks so professional. As well as highly scripted and idealistically staged.
In addition to the highly scripted visuals of Axia Futures, there is also a multitude of promotional videos that convey a sense of excitement. That gives the impression that world markets are hyper connected into a laser like focus, and that Axia Futures has their finger plugged into this jet stream of trading excitement.
If I had to describe Axia Futures in the most succinct explanation, I would say that Axia Futures is an ‘arcade’ type environment. Where individuals pay a desk fee. And this desk fee (usually $500 per month) gives that person a place to sit and trade. Included are fast trading computers, multi monitor displays, and the opportunity to sit with fellow gamblers (oops, I mean fellow traders).
This ‘scene’ also provides an excellent backdrop in which to market trading products and services. In short, it has the veneer of legitimacy. And it looks quite fun.
Owners of Axia Futures
According to archive.org, the Axia Futures website appeared on the trading educational scene in early 2017.
According to their website, the company was founded by Demetris Mavrommatis and Alex Haywood.
Demetris Mavrommatis claims to be a “professional futures trader with 8 years experience, and one of the most consistently profitable traders in the world.”
However, according to a competitor and former business partner of Demetris, he is more hat than actual cowboy. Better at “selling the dream, than actually achieving the dream.”
Prior to starting Axia Futures, apparently, Demetrius and several other persons now working for Axia Futures worked at a very shady prop trading company named Futex.
Futex was a carbon copy of Axia Futures. It had a fancy office, lots of fresh face people milling about, plenty of trading screens and ‘important looking stuff’, promotional videos, and a heavy helping of selling the trading dream.
At Futex, all you needed to do was purchase thousands of dollars in trading courses, rent a desk, and make a deposit to begin trading. A typical trading arcade. Where the profits are made from selling the dream at $7,000 per person.
In spite of the fancy looking office, and fancy looking people….Futex turned out to be a massive scam. Long story short, $6 million dollars in trader deposits mysteriously disappeared. I have embedded the legal brief below…GlobalInvestorGroup - Futex administrator finds £4
After the Futex ‘fiasco’, it appears that Axia quickly appeared, in hopes of filling the vacuum.
Axia Futures, another Futex?
Are the owners of Axia Trading essentially running the same scam as Futex Trading? Truthfully, it’s hard to tell. On the surface, it appears that the hand is simply wearing a new glove.
In spite of this, TradingSchools.Org decided to review Axia Futures with a fresh perspective. Maybe these former Futex trading wannabes had something positive to offer?
Axia Futures Live Trading Experience
During the summer of 2017, we decided to immerse ourselves into the Axia Futures trading room. Which includes a 14-day trial period, and then a reoccurring $100 per month fee.
What did we witness? Truth be told, it is a very entertaining environment. The ‘lead trainer’ is a guy named Brannigan Barret, and in my opinion, he really wants people to succeed. You can tell that he is pouring everything into these live trading sessions. But is Brannigan Barret simply a midget trying to qualify for the Olympic high jump? As good natured and helpful as he seems, is he really a full-time professional trader, as he claims?
At no time did we ever witness any live trading from Brannigan or any of the other traders at Axia Futures. Instead, the trading recommendations are served as live commentary. With little flashing dots on the screen that declare that somebody within the organization went either long or short in random trading instruments. It reminded me a fast paced dice game, where you never really knew what anyone was really doing, but it sure had the feel that something exciting and fun was happening.
Of course, exciting and fun does not pay the bills. What TradingSchools.Org really wanted to know? Do any of these supposedly professional prop traders have a verifiable track record? Unfortunately, they do not.
We reached out to Axia Futures and requested some sort of proof that anyone was live trading? And what were the trading histories of these supposed trading professionals? The company responded that everyone is a professional day trader, that trades successfully, but was unwilling to show any proof.
We explained that we truly wanted to spend $5,000 for the ‘career training course’, but we had to see something, anything that proved that these guys were actually trading. Nothing could be provided.
Instead, the company responded, “Just look at our professional offices, read our online reviews, judge our materials from the professional YouTube videos, talk to people.”
Sadly, in my experience, simply trusting people has not been a very profitable experience.
Wrapping Things Up
In my opinion, Axia Futures is all about ‘surface and texture’, there is little depth. And certainly no legitimacy.
The trading office is simply a prop. A showpiece. It is meant to exude confidence and diversion from what really matters. And what really matters…do any of these guys actually trade? Since they refuse to verify anything, then this appears to be nothing more than a fancy looking trading school. A sort of Donald Trump University, where your eyes are focusing on the glittery objects, you just need to spend $5k to learn the supposed secrets.
Another thing that irked me, these guys are heavy promoters of scalping with ‘order flow’ tools. Ok, that sounds fine and dandy…but you are scalp trading from London? All of your trades must travel across the Atlantic ocean, and then eventually find its way to the CME exchange? Highly unlikely. Geographically, this is a highly dubious claim. Scalp trading from the other side of the planet seems highly unlikely.
Of course, TradingSchools.Org could be wrong. But that would require some sort of proof that any of these clowns are actually trading. And trading successfully at that.
As it currently stands, no proof exists. Thanks for reading. As always, your opinions are appreciated.
From the point of saying Futex was a shady company. Immediately discredited the author of the report.
Also the write seems not to have a clear idea about trading and proprietary trading companies or trading arcades.
I am glad that they corrected themselves with their update. There is a danger of Rushing to Judgement especially if one is on the outside looking in.
I could see clearly that Axia Futures is the real deal very much like Amplify Trading.
That said there are many dodgy one’s that do not trade but sell courses.
what actually irked me is this part
” Scalp trading from the other side of the planet seems highly unlikely. ”
wow!!!!!!!!!!!!!!! just WOW!!!!!!!!!!!!!
so all the people should be living in Chicago then?
what kind of rationalization is it?
Well, I did write an update.
Even the ‘trading review Jesus’ gets it wrong sometimes…
Axia Futures Update
Poor form for not updating this yet and posting new reviews despite Alex and Brannigan posting and inviting you.
I come from the future , the year is 2189 and people are still waiting for update
there will be no trading statement. I have all of the courses you can find much much cheaper they have very good info in them. They have youtube videos where you can see that the reviews they do are on demo.
pls give us the update already
Will the update be posted this century?
i blame the russians
still waiting for the update …Why is it taking so much time ?????
Wherebis new Axia review? It was briefly up, now gone.
Axis’s Kickback Check did not clear, as soon as it does the “GOOD” review will once again reappear.
Very cute. I had to clean up a few paragraphs. Then reposting. You should commence complaining at that time.
hi when will the updated review be posted have you cleaned up the paragraphs. thanks.
Working on it now.
I will judge something I have not seen, people I have not met based on facts that are not correct. Do you also write critics on films you have not seen?
I have nothing to do with Axia, they don’t know who I am and I don’t know them, but I have seen a lot of their material, You tube videos, and I have taken a trial of their online daily subscription, and as someone who trades my own money for a living, I can tell you that there are live trades on x-trader, and the fact that some people might not understand what they do, does not mean that what they do is not qualitative. The things I understand nothing about are not useless, they are just out of my knowledge circle and understanding. In short what they do make a great deal of sense from a proprietary trader standpoint. this is by no mean the unique way to operate but I have not come across anything which does not make sense, even if I do not operate exactly as they seem to, which again does not mean they are doing anything wrong.
I am not sure I would show my trading statement to someone I don’t know either. What difference does that make? Do you think if Bridgewater explains to you how they work you will replicate their publicly released performances?If somebody is doing well does that guarantee that you will? Inversely if you learn solid foundations from someone who does not make great performances does that mean that you will or will not? Don’t you think it has to do with experience, account size, leverage, margins, the broker, infrastructure, data, connection, the time you dedicate to it, your existing knowledge and how easily and quickly one is able to understand and apply things?
A prop desk has collapsed so all the other ones will? If you see a BMW crashing does that mean all BMWs will crash?
Very shortly, will be publishing an update on Axia. I think you will like it.
Hiii Emmett , how much more time will it take you to post the new review ??
This review is not very constructive. I’m all for exposing dodgy organisations, but the author has got his facts completely wrong throughout this article, perhaps to sensationalise and attract more readers.
I’ve tried a lot of training courses, maybe 100’s, and Futex was one of the best. OK it was expensive, they are all expensive. However Futex, was the only course I actually felt I learnt something that could make me successful.
The fact that Axia have some of the successful traders from Futex is a huge bonus. These are the kind of traders we should all be learning from, they have something valuable to teach ….. and this article is a disgrace, and targets the wrong people.
I have signed up for the monthly subscription with Axia, and get a lot of value from their videos. I have paid more for absolute rubbish (like $100/month for a few support levels each day). Axia offer good value and quality.
p.s. your comment about scalping from London shows your ignorance. Of course you can scalp from London. We’re not talking about High Frequency Trading, we’re talking about making small trades. It was this paragraph that proved to me that you are only out to slander a reputable organisation, you have no interest in the truth.
Any update ???
Here is a video from Youtube showing TT and one trader’s price ladder, TT has a yellow band across the top if in sim, I have TT so I know.
Price Ladder News Event Trading Trading US CPI Axia Futures
They are showing live trading, OK, so they are cherry picking, but nearly 70k in a session proved at least some of them know what they are doing.
Youtube search’ Price Ladder News Event Trading: Trading US CPI | Axia Futures’
I have nothing to do with them, I am not a subscriber, but I did the Price ladder course with Futex, and the Grad course.
Any update ????
For me just seeing they are selling that BS software from Jigsaw convince me they are worthless.
This is because I saw the trading room Jigsaw had on his own site a few years ago and the result were so poor he cancel it
My name is Alex Haywood. One of the Co-Founders of AXIA Futures.
Your review of our company has recently been brought to my attention.
Unfortunately, your review is inaccurate and I wish to clarify a few salient points.
TRADERS ON THE AXIA PREMISES
– All traders on the AXIA London Trading Floor trade through FCT Europe Ltd and clear through Macquarie Investment Bank.
– FCT is a partner of AXIA Futures.
– FCT is FCA regulated and Mifid 2 compliant.
– FCT has also been around since 1984 headed by the Chairman of the group and successful Trader and Investor Roger Carlsson.
– The majority of the traders that traded at Futex lost all their trading accounts. Traders such as Demetris Mavrommatis who had a 250K Sterling trading account lost all his money and Gabriele Gandini who lost more than a £1million trading account. All this information is on the liquidators records. I’m certain that you can find this if you go searching.
– As a result of the mismanagement of Futex Traders trading accounts and the liquidation of Futex, the traders were left stranded as their trading accounts disappeared overnight. So Demetris and I, together with a group of traders that lost all their money, needed to find a new place to trade and start from ground zero. We had 2 options. Either go to another similar style trading arcade or join a company that shared our vision, had a long established credible trading history and was well capitalised.
– After much deliberation we decided to go into partnership with FCT.
– Once the traders were up and running and settled, it allowed us to switch our attention to developing the education, and AXIA Futures was born. The primary objective was to leverage the success of the traders into dynamic trader training material. Our educational material and space is resource heavy, yet we try and make it as affordable as possible as we still want to bring new blood into the industry. If we see talent from the training courses, then we encourage senior traders to take a vested interest to further help their development. Our most expensive course is our intensive 8-week in-house Career Programme which costs approximately £4,000 and is significantly cheaper than those of the competitors, with some costing twice as much and lasting only two days. We are happy for you to interview our recent graduates who have done the training and are trading live with FCT.
Your description of Brannigan and Demetris is completely unjustified.
BRANNIGAN BARRETT AND LIVE TRADING
– Brannigan did a lot of live trading where you could see him execute. This is highly commendable as I am not aware of another trader happy to execute on the live markets in front of an audience.
– If you are familiar with the TT platform which is a global futures platform used by professional traders and hedge funds across the world, you will immediately know if someone is trading on a demo account or a live account as the platform tells you on the top of each price ladder.
– Here is a youtube sample video of Brannigan’s Live trading on TT which is streamed once a week. You can see him live executing 24 minutes into the video, in a few markets. https://www.youtube.com/watch?v=SdorG0XZQfM&index=1&list=PLXmsdXAkBS4p8gDPDEH2hzG-t5ii2A4G6
– Here is another trading youtube video of Demetris executing on the TT Price Ladder platform: https://www.youtube.com/watch?v=QC3raWFt_20&list=PLXmsdXAkBS4p8gDPDEH2hzG-t5ii2A4G6&index=2
DEMETRIS MAVROMMATIS SUCCESSFUL TRADER
– Your opinion of Demetris Mavrommatis is misplaced unfortunately.
– Firstly, on the website we make no reference to him being one of the most successful traders in the world.
– However, he is an incredibly successful trader with a couple of €100,000+ up days in 2017.
– He is a full time trader and leads many of our team meetings for strategies in which the trainees from the classroom next to the trading floor are welcome to participate.
TRADERS TRADING ACCOUNTS AND TRYING TO CONTACT US
– Emmett, we have no record of you trying to contact us to discuss your interest in reviewing our firm or how you went about gathering your information.
– Traders statements is a personal matter and not something firms give out publicly. People in whichever industry do not like to show their earnings, however Brannigan did tell me that he invited you to come visit our trading floor where he was happy to show you his performance statements.
– Furthermore, due to the accusations and false information you have directed towards AXIA, I have some of our traders happy to show some of their statements over the past year, if this is a burning desire of yours.
CONTACTING ME TO REPORT APPROPRIATE AND TRUTHFUL INFORMATION
– Emmet, I invite you this week to either a meeting on our floor or a one-on-one telephone conversation to discuss the contents of your review and to correct all the misinformation.
I look forward to meeting you
Axia Futures Co-Founder
Thanks for reaching out Alex. Will send you an email now. Lets talk via phone. And I would love to experience the trading floor.
I have to say that answer convinced me. Good job Alex.
axia i couldn’t tell if Brannigan was cumming in one webinar or not ..
Nothing wrong with Donald Trump’s university tho.
So Emmett writes a review and then when AXIA invite him to their offices to meet traders and traders willing to show statements and their live trading account he does not get back to them. Emmett obviously not wanting to get proven wrong
My lord, I am wrong a lot. Please, people. I am getting back to Axia, but I have an editorial calendar.
Now if someone wants to help me write reviews, please do.
What’s your story, morning glory?
What is amazing is the level of gullibility among traders.
You can be sure if there is no trading statements that it is a scam
Well the axia guy did promise to show trade statement , so now we all are waiting for an update
5.5 months later, should we be waiting for this guy?
I made a Review of the order flow Course and the volume Profile Course earlier.
i didnt understand the value of the volume Profile Course before i traded on my own with the volume/market Profile. now i can understand what Brannigan teaches in this Course and i have to admit it is the best Course i have ever taken.
based on his methology i develop now my own strategies.
so again sorry Brannigan and thanks for teaching how to fish !!!!
Are you joking?
“At no time did we ever witness any live trading from Brannigan or any of the other traders at Axia Futures”
There’s a LIVE TRADING stream with Brannigan every Tuesday morning at 9am GMT.
“Better at ‘selling the dream, than actually achieving the dream.’”
Versus this that comes from their website:
“During our training we are always seeking individuals that are high performers, that show aptitude, tenacity, constant work ethic and resilience.”
Work ethic. Resilience. Constant.
Sounds like slave labour. Which is what it takes to be successful in prop.
Not what I call, “selling the dream”.
any further updates?
Over six months……. still waiting? Doesn’t look good for the veracity of this web site, does it?
Okay Okay Okay
Doing it now. The squeaky wheel gets the grease.
I will contact them…tomorrow. Apparently a few readers feel that i got this review incorrect.
thanks a lot Emmett
Any update Emmett?
@Emmett Can you please update the current status regarding Axia Futures ???
So what’s going on, has Emmett had further contact with Brannigan/Axia? Has there been progress in finding out trading profits/background etc as it sounds like there was an open invitation…
Ya it would be nice if Emmett says abt the current events with Axia futures
Did Axia futures provide any proof ?????
Futex was not a shady prop firm originally. They were around for years. Management somehow screwed the traders. Like a lot of firms, management saw a pot of cash sitting there and did something with it – spent it or invested it badly, who knows? But this isn’t a smoking gun – you have to understand that the issue came to light When Futex Traders (now Axia Traders) tried to withdraw PROFITS they’d made. So the fact the management ran off with the traders profits should tell you these guys are legit.
As for the guy that claims a relationship with them and his assertion that the owners wanted to invest the money elsewhere – that would imply theft rather than incompetence because the money taken did not belong to the owners. They ‘disappeared’ money that wasn’t there. That is not ‘moving an investment’.
Axia as a trading arcade would not make the rent on the building they are in. The numbers wouldn’t work. It’s in the heart of the financial district. An arcade would be extremely expensive there. Do the math.
Axia is a boutique prop firm started by the guys that got ripped off my Futex Management. Simple. This is not the owners of Futex funning anything else.
In terms of it being a staged trading floor. You are saying that reason it looks like a trading floor so much is because it isn’t one. So if it didn’t look like one, that would prove what? I’ve been on their floor myself and I would suggest anyone that can make a trip to London to go and experience it too.
They also have 3 other locations, which Emmett doesn’t seem to know about. A trader I’ve been working with for a number of years was recently funded in their Eastern Europe office.
Axia is the first to do this in the futures market and other legit prop firms are following. The fact is that a prop firm invests a lot in the education side and it’s literally free money for them if they can capitalize on that asset as it’s already developed. This is a positive development in the industry.
I know most of the people who have worked at Futex and now have moved to Axia. Most of them have ever been successful traders(besides a couple we all know of), Brannigan was paid extra to talk on webcam because of his talent of speaking. Scalping the bund is what they teach traders because they don’t lose much money and normally end up even(flat) while futex was making money between the trades with the brokerage. Unfortunately, Axia doesn’t realize that and continues to teach this method. London is full of scams I don’t know of a single legit educator in London. Sad but very true.
I have close relations and do business with these slimeballs therefor I cannot release my name. The money was pulled from futex because the investor found a better return elsewhere then making 2 bucks every time one of these dimwits tried to scalp the bund.
Most of them have ever been successful traders , k sry for asking stupid questions but is it never been or ever been ???
As others have alluded to, it is totally possible do scalping in London, even though it’s “from the other side of the planet”! We do have first world infrastructure over here, you know! I’m sorry, but that part of the review made me cringe – it is so off the mark.
That said, it would be good if Axia could clarify where it stands relating to prop shop versus training company. A representative has stated in the comments that “Axia is not a prop shop” but the Career Programme on the Axia website talks about a route to be a “Financially Backed Trader” and “During our training we are always seeking individuals that are high performers, that show aptitude, tenacity, constant work ethic and resilience. Those qualifying will have the opportunity to be financially backed by us and join our global team of successful traders. They will also be asked to train with us further and to undergo additional performance reviews.” It would be good if Axia could confirm the business model so that people are clear what the opportunity is here (if there is one).
I recently read your review on Axia Futures. Firstly, I commend you on taking the time to write these things. Information distribution is a valuable community share and Im sure you will save many people both time and money. However, I was very disappointed to read your review on Axia Futures because it is not fact based. You have made a set of assumptions and attempted to form an opinion on thin air. I think opinions are vitally important and I always believe in being critiqued. One of the key pillars of Axia ethos from the onset was to ensure as traders and an educational provider we build a team that strives for consistent constant progression. To give you some facts in hope you can be better informed.
-Axia is not a prop shop. We dont offer desk space because our london office is full to capacity. We have no interest to expand because this does not follow our key strategy of being a unified effective team.
-Secondly, we do not have one trader on our floor in London that trades on a Sim. Everyone of our traders is self-backed and our broker is a very reputable bank.
-Third, whilst you are correct in saying many of our members were traders at Futex, you miss the point in that every single one of our traders at Axia lost their entire accounts at Futex. Not a single director/manager of Futex works at Axia. Axia was a group of old Futex traders that decided to try move forward after the bankruptcy of Futex.
-Lastly, Axia has got some of the city most successful traders, I know because I have known everyone of these guys personally since i started in 2011. I respect you think a statement of profits creates credibility, hence i would never have an issue to show you a statement.
I want to finish with the following. Offering information about trading firms can be extremely valuable but only if you are actually giving people the facts. For this reason, I will give you the opportunity to source the facts by contacting me directly.
Well, let’s write a positive review! Find me someone in that office for an interview.
I really want more positive content for readers. But finding it has been a real challenge.
You can contact me directly, you have my email, how about we setup a day for a few hours and we will show you what Axia is all about. Equally will happily share a trading statement on condition you re-write your article with the new found facts you shall discover upon our meeting.
Finally, someone who claims that he is willing to meet the low threshold that Emmett has set for a vendor to show proof of profitability of his methods.
He is talking the talk. Now let us see if he really also walks the walk.
Brannigan, Did Emmett contact you yet or is he just smoke and mirrors?
If you want to chase the real sharks then go after the previous directors of Futex who lost all their traders money. Dan Goldberg who has started Tradertrainghub.com and also Marco and Paolo Rossi who have possibly changed their names so not to be investigated on what they did.
I am just curious which part of the article did you find false? Let start with:
1) They expect users to pay a $5k fee to learn their ‘trading secrets’, yet can provide absolutely no proof of prior trading success.
Is this statement false?
2) Mavrommatis claims to be a “professional futures trader with 8 years experience, and one of the most consistently profitable traders in the world.” However, according to a competitor and former business partner of Demetris, he is more hat than actual cowboy. Better at “selling the dream, than actually achieving the dream.”
Is the former business partner lying? Are you prepared to show Mavrommatis brokerage statement to back up his claim of wildly profitable trading?
3) The ‘lead trainer’ is a guy named Brannigan Barret … At no time did we ever witness any live trading from Brannigan or any of the other traders at Axia Futures
Is this false? Are you prepared to show Brannigan is actually live trading his trade calls backed by brokerage statements?
4) The company responded that everyone is a professional day trader, that trades successfully, but was unwilling to show any proof.
Were you unwilling to show proof of profitable trading or are you claiming Emmett just made this up? Is so why do you now claim you are ready or is this just smoke and mirrors to leave doubt in reader’s minds?
Personally I cannot imagine someone that is consistently profitable would use or a service such as this. They are hidden away in their basement and not sharing any of their trading tricks as the minute they do they would no longer work.
I am looking forward to seeing Emmett’s update review after you shower him with evidence of your profitability.
Rob, I have invited Emmett to see the facts for himself at which point he will re-write the above article. Rather than me comment on what is fact based , I will let Emmett words do the talking. Axia is as transparent as can be and are happy to reveal the facts.
I know many of the traders in Axia as I used to trade with some of them in Futex. So let’s provide you with facts. If you were to do your research properly and collect facts which is what you have not done.
Fact 1: Some of the traders at AXIA who used to trade at FUTEX were some of the
Most successful traders at Futex until there entire accounts disappeared. If you dig down into your research deeper and obtained the liquidators records you will see that many of the traders lost substantial amounts of their personal trading accounts of anything between £100k to 1.2million. Two of the traders who lost over a million now trade at AXIA.
Fact2: When the traders capital was gone they needed a new place to start. Some went to different trading arcades and some decided to get together and start their own team of which where AXIA was created along with their main Investor and financial backer FCT group of companies.
Fact3: AXIA main investor is FCT Europe. FCT Group of Companies has been around since 1984. They are highly reputable whose origins are from Chicago. The Chairman was one of the largest shareholders of the Liffe exchange and incredibly successful trader. AXIA does not accept or hold any traders capital. All the traders capital on the AXIA premises are held in FCT with Macquarie Investment bank.
Fact4: AXIA is the educational arm of FCT who supports and educates their traders whilst also using their internal education training for educating people outside the group. This element is what is charged for for people outside the company. Internal graduates and trainees backed by FCT are not charged by AXIA.
Fact5: Three traders at FCT/AXIA namely Sven, Gabriele and Demetris were incredible traders at FUTEX till their money was taken are now trading with FCT/AXIA. If you look into the administrators record and the claimants count of the trading accounts
Fact6: Demetris was a client/trader of Futex and not a manager. Once he started AXIA along with his other colleagues. The entire team at AXIA were not mangers, owners or directors of Futex. The traders at Futex were the ones that got done and so all of us needed to restart our careers and people such as myself went to other prop firms whilst a group decided to start their own with the backing of FCT.
Fact7: I would never give my record to any person. Prop traders don’t give records to anyone as they don’t invest other people’s money. They trade their own capital. Thus to draw your conclusion on a false premise as they would submit you traders performances is nothing shady about that. Go to any prop firm in the city and ask them if they will give you their traders performance records. However if you really wanted to know the quality of the traders go look at the administrators records and see how large some of their accounts. Perhaps also look at the names of the traders and visit some prop forms and ask if people know these traders and you will discover what incredible traders they are. I know 8 of them and all are some of the best traders I have known in my 6 year career in the city
Fact8: If you understand XTrader and go onto AXIA YouTube channel or watch their videos you can clearly see the trading is on live markets. Get that verified from TT as it’s those software. This is perhaps as close as you will get to a trader showing you his performance.
Fact9: I know one of the owners at AXIA personally and he is very good guy and transparent and runs and open door policy. Why don’t you contact him and meet him in person and perhaps visit the floor before you draw all your conclusions and make critical error as a pure investigator needs all the facts and you certainly are using your imagination unfortunately.
I appreciate why you review but you should do it in the light of full disclosure of all the facts. You make many false assumptions.
Luke, WTF. It’s not customer’s job to search for teacher’s track record. Anyone who teaches anything (piano, basketball, trading) should provide some proof that they have adequate skills (can play the instrument well, can win a match, can earn money trading). Why don’t you give those 5k to a homeless person who tells you he will make you rich on the stock market? Should we really be that naive?
There is no problem for any successful person in any field to provide proof of their skill. It’s as easy as sending statements in pdf with their account numbers hidden. Or they can hire an auditor who will confirm their P&L month by month, what’s the problem??? Keep in mind we’re talking about teachers here, no one would ask them about their records if they were just regular traders.
The size of their accounts means nothing. A person with 1m could have started with 10k or 900k or 5m. And GBP 1m is NOT a big account in the trading world, this is by no means a big fish.
If you don’t require track record to buy trading education, please send me 5k for a trading course, I will make you rich and you will bathe in gold coins and fly your girlfriend with a jet to get her chiquaha’s nails done, please trust me…
are u going after Linda Bradford Raschke next ?! she must be con ……she has not opened up her financial details for you to approve of. LOL
Thanks for the comment. Jesus loves you.
Why would they offer proof to some random guy ? By your logic then there has never been a profitable prop shop ever….. as noone have ever opened their private results to some random dude. Look… the content speaks for itself….. light years ahead of the retailer…..lucky to get a peek into the way the real pros trade. P.S i guess u also think these guys are scammers because they don’t publish thr private results for all and sundry !
Actually, honest and forthright trading educators are more than willing to open their private results to “some random dude.”
Honest and forthright educators that have a vested interest in positive trading results will scream from the rooftops of their successes. Especially if it is an outlandish claim of success just like some of these con men try to slither away with. The site that claimed 2000% roi or something like that, but remember they never offered a shred of proof.
Just like these websites that offer to vet a prospective contractor for your home, such as Home Advisors.com. There is a whole business based around verifying your professional’s performance. That is a huge internet niche. So you would verify online that your dog walker is reputable and reliable, but someone that claims to be a trading wizard doesn’t need to verify anything. You have that backwards. The person that claims to be successful where more than 90% of the traders fail and more like 99% of educators are frauds needs to be go through extreme vetting. Expect to be extremely disappointed if one doesn’t verify results. It is really that simple.
“Why would they offer proof to some random guy ?”
Is that a serious comment? He is not a random guy, he is a potential client interested in their services. Or in Emmett’s case he can also be a blogger wanting to do an article on them. So by your logic a potential client is just suppose to trust these con artist without them ever showing any proof.
This is like say if you are hiring a roofer, why should the roofer you want to hire offer any proof what so ever they ever roofed a house.
This entire industry is corrupt and anyone investing their money and does not get proof of the vendors claims is a fool. There is no other word for it. This entire industry is corrupt.
But I tell you what you just keep handing your money over to these con artist and let us know how that is going. I think I know the answer as I have seen this movie before as folks lose their savings.
The real take away from this blog is not any single article, but informing people about how corrupt this industry is and if you just take these con artist word you will get scammed again and again. Before departing with 1 cent of your money, DEMAND PROOF!!!!!
hey emmet, thanks for the Review.
i purchased the order flow Course and the volume Profile Course and i can add a few Things:
the order flow course is good, i think i can give 4 of 5 stars. but the volume profile course is really crap, 2 of 5 stars from me.
he shows you how the profile develops and gives you advice how to play these scenarios, but he tells you BEFORE the volume profile develops and comments as it develops. i think you cant make any money with it bc how the hell do you know what type of day you will have before the day even begins???
Send an email to the firstname.lastname@example.org and lets see if we can get better understanding of why you didnt like the profiling course and what we can do to ensure you gain the value to purchased.
I have taken the Volume Profiling course & I consider it best available in industry. No course I have taken discuss strategies that Axia has discussed…that too in detail for all 11 in total with market replay.
Overall structure of the course is really awesome. especially Volume Context which I find very important.
Thanks Bran for course.
Shortly I plan to join Live streaming… the Youtube content I went through is awesome but just require more time with theory before I jump into next level.
To Bran, Richard & Alex… Keep it up!
Hi Brannigan, thank you very much for replying to this.
i watched the volume Profile Course again after spending some time
trading with the volume/market Profile myself.
your Course is very good indeed, sorry for my bad Review.
i didnt know how valuable the Course is.
i started developing my own strategies based on your methodology,
i see trading with different eyes now.
Well Emmett, not saying that you’ve got it wrong this time because yes, there is no written proof.
But you should have dug a little deeper to cover up the background of those guys.
Did you know that Futex was home of Sarao? He made 30M and I’m sure no statement is necessary to proof that since he’s under investigation 🙂
Also, it’s pretty easy to tell the difference between an X_Trader Demo and a real account…and those shown in the videos are definitely real accounts.
When it comes to their methods, I don’t know what they teach, but I’m a scalper myself and the assumtion that you cannot scalp on the CME from London is just BS. Besides that, they’re mostly trading EUREX stuff.
I have no connection to Futex or Axia, so I don’t know if they are making money or how much. Their courses just seem to provide a baseline as well as a cover for their monthly costs.
The only thing I know is when somebody trades 100 FGBL or 80 6E during news events via a plattform that is 1800$/month, there’s serious money on the line. Also, if your proshop owes you 1M, must have made that somehow.
So I’m not quite sure, what you expect from a chatroom. Trading is hard and you can’t just copy a system and cash in. And you definitely cannot watch a chatroom for 14 days and suddenly understand.
So again, I’m not saying they are legit. They are ex-prop shop guys and perhaps they are the upper 10% of Futex or guys who did not make it big, I don’t know.
What I definitely can say is scalping with the DOM works and always will. Don’t mix this with the “Orderflow BS” you read everywhere nowadays.
Second, those guys are not to be compared with your classic E-Mini Salesmen, dime and penny shitshows like Dekmar or the morons who trade low floaters via eTrade.
The amount of knowledge they have is real and I’m not quite sure if you are qualified enough to review them.
“The amount of knowledge they have is real and I’m not quite sure if you are qualified enough to review them.”
There is a lot you wrote I could comment on but tied up this morning so I will be brief. If the greatest mastermind of our time is not qualified then I guess you are suggesting you are. But here is the rub, you have not shown anything that shows you are qualified. You claim to be scalping successfully, so to show you are qualified as you stated, maybe you could start by showing Emmett those brokers statement of being a successful scalper. That would at least be something. But it still would not show these guys are legit.
Well, Rob. I’m not selling anything so I’m not quite sure why I would show my statements to anybody.
All I wanted to say is that those guys are not even close to the scum Emmett is usually reviewing. How would you know if a yield trade is viable if you don’t even know how to calculate DV01 for Bunds?
So this is not about Axia being legit or not. I’m just annoyed by the sloppy review
The point of you showing proof was because it seemed you were stating Emmett is not qualified to evaluate them but you are. If that is the case then the credentials of the expert evaluator are important.
I must say I do not follow your arguments. This is an evaluation on this particular company not on scalping per se.
So what part do you disagree with. Lets go through it. Do you disagree with this statement:
“Prior to starting Axia Futures, apparently, Demetrius and several other persons now working for Axia Futures worked at a very shady prop trading company named Futex. Futex was a carbon copy of Axia Futures”
Do you disagree with this statement and if not do you think you should recommend this company after they stole 6M?:
“In spite of the fancy looking office, and fancy looking people….Futex turned out to be a massive scam. Long story short, $6 million dollars in trader deposits mysteriously disappeared. ”
And it is always a red flag when the vendor refuses to show any proof. Maybe you can get them to show proof or do you think actual proof is relevant?
“We reached out to Axia Futures and requested some sort of proof that anyone was live trading? And what were the trading histories of these supposed trading professionals? The company responded that everyone is a professional day trader, that trades successfully, but was unwilling to show any proof.”
I think you are on the wrong track here. I’m not vouching for anybody and I don’t give a flying fuck about Axia.
But I have a prop background myself and trade on my own account now.
So your guys angle is: “They sell expensive courses with all that glam and glitz, they show no statements so they must be a scam.”
My angle is: Those guys are definitely another breed than those muppets who usually are reviewed here, so I’d put a little bit more effort into a review.
They have a prop background and Futex was successful. They were a big name back in my days and a lot of good traders worked there. Sitting next to a guy who pulled it off for 8 figures is doing something with you. Futex was a prop firm and as with all prop shops, 100 people join 80 leave after 3 months, 10 stay for a year and make an ok living and the other 10 are killing it.
What we don’t know is if those Axia guys were the ones who are killing it or those mediocre boys who took home 5 grand every month.
But Emmett probably has different expectations from an educator. He should be selling an “easy” to follow ruleset that his customers can replicate after a while to make money…fair enough, but trading doesn’t work like that.
I understand that a complete beginner or somebody who does not trade cannot understand much of what they are selling or decide if it’s valuable.
I would not ever buy education for 5000$ or recomment that to anybody, but I dare to make the bold statement that Axias youtube videos alone are more valuable and provide more insight into market structure and behaviour than any course promoted with 5 stars on tradingschools.
So again, I don’t vouch for anybody nor do I recommend their product. Get a simulator from TT. It’s free for an unlimited amount of time. Close the charts, watch the DOM, record every session and review every session. After 3 months doing that, take your 5G, open an account and trade one lot. Thats the best you can do.
In the end, I don’t care if one of you guys think I’m correct or not. My personal take on Axia is that those guys are starting out new after getting fleeced by Futex and use their names to cover startup costs. At 5k, there wont be many customers but 20 of them cover up rent, software and the bloomberg.
But again, with Axia Emmett turned his head towards the more serious “educators” and all I was saying that he should step out of his comfort zone and educate himself a little more about real P/L shops.
I mean, look at SMB Capital. They are charging 10K for an inhouse training. Do you really think the’ll show you a statement??? So if you want to step into this league, there have to be other arguments for or against a legit operation.
You said you don’t give a flying fck, but you commented 3 times. Also, you don’t know the level of the people commenting on here as well. There are people that are in the know and some just trying to not get raped by 99.99% of the educators out there. I think the bar Emmett set was very low. Nobody would glean an insight into their trading by just verifying that they trade live. If you think that is too much then that’s great, you are entitled to your opinion. IMO, scalping the DOM alone with TT, the best DOM on the market, is one of the most difficult ways to make money. I experienced a scant few that can do it for a living.
Now if they don’t want to show proof that they are live then like you said who cares. I will tell you this, more and more people buying extremely expensive education courses are starting to ask for some sort of proof that they actually trade for a living. They are live and do it as they advertise. How about just show a live dom, so simple. Show your trades as you call them. You are telling me that doesn’t bring some doubt in your mind? Just a hint of doubt in your mind?????? It’s not like we are asking a CPA to prove he is competent. They are trying to teach the hardest way to make money in a highly leveraged product. Just prove that they trade live, hell don’t even show if they are profitable or not. At least prove they have some skin in the game. BTW Emmett uncovered some serious frauds first hand in your elite game.
Also, Amitc you stated the case for proof perfectly.
I think Rob asked for proof not because he thinks you are selling something but because you are vouching for someone who has received a negative review & trying to portray yourself as someone who knows trading/scalping. Most of the times such people are owner,partner , associate, employee or someone who have personal interest in the said scam operations. Broker statement would be one way to prove you are not one of them & know trading as claimed.
Broker statement doesn´t help. I had one of a trader claiming he is succesful and the broker statement was overwhelming. (it was obviously one and the best of a dozen). I visited him at his trading office in switzerland. Very smart guy. He has been in jail before I visited him. I didn´t know that. He went to jail after I visited him.
I´ve got fooled a few times. Now I trade on my own and it works. The one and only question is: are you trading or teaching? Both doesn´t seem to work in the same time.
You make solid points. You are not selling anything no need to c your statements. I just dont know why a group that is selling expensive education wouldnt at least show some statement that they trade live. It would only improve their business and dramatically increase their traffic. The 2 guys on here get there statements audited and are killing it in web traffic. It just is not logical to me. They must know 99% of trade rooms are frauds. Why not legitimize your business and do that? It is not logical reasoning or smart business unless you are not trading live or u r a losing trader. I guess we will never know for sure. The one kid on here that got reviewed trades options and is break even trader and he proved his trading is live. Smart honest young guy, very rare in this business.
“I’m not quite sure why I would show my statements to anybody.”
Because that would legitimize your claim “scalping with the DOM works and always will.”
“Annoyed by the sloppy review”…now I can appreciate that compliment.
I was hoping that the Sarao story wouldn’t get dragged into this. Really, that’s an entirely different topic. And it gives the impression that a trader can learn how Sarao traded by associating with Futex/Axia cast of characters.
What Sarao did was completely wrong. Spoofing ‘forbidden’ knowledge. Sarao was gaming the system. Now he sits in jail.
In the end, let’s not forget that Sarao was ultimately proven the fool. He was scammed by a fake Mexican Prince, scammed by a binary options company, scammed by a fake wind farm. For a guy that was supposedly smart, he turned out to be the ultimate fool.
Let’s keep our focus on Axia…once you wipe away the fancy office and colorful promotional videos, you are left with yet another trading educator. In it most basic state of operation, they are selling the dream.
Are any of these guys successful traders? According to Futex, all of these guys were posers and wannabe’s that never made a nickel trading under the Futex account. Once Futex crashed…they created Axia. Same posers and wannabe’s wearing a different dress.
Would love to draft a new review. Truly. But I need to see some sort of proof that any of these guys can earn a nickel…at trading. Hopefully, they come through. You would think that within that fancy looking office someone can earn a month-end profit. And prove it.
My humble pie is ready to be eaten.
You and Rob could go out for a nice crow dinner and discuss business. We are still waiting for Rob to eat that crow dinner. Why not break bread together?
I believe the comments about Sarao are legitimate in this context as you claim that it is not possible to scalp US markets from the UK and therefore doubt that Axia can do the same.
Well, Sarao made millions by scalping the US market from the UK so you’re wrong there. What else have you misinterpreted?
The Sarao case is unique.
Sarao was spoofing. Which of course is illegal.
With day trading, especially with limit orders, latency is a huge factor. There is a reason why automated Algo’s are located in Aurora datacenters and not London.
Spoofing involves placing orders to buy or sell with the intent of moving prices in one direction, then canceling those trades before they’re executed to profit when prices snap back to where they had been.
Yeah you’re right, a slow connection in the UK would have been fine to execute this strategy on the heavily gamed SandP emini. Let alone against all the other spoofers and HFT programs. Come on…
Sure it’s not HFT trading, but old school scalping in the UK is easily done.
Your mixing high frequency trading (algorithms) with scalping (discretionary quick trades).
Sorry but TheDude is right… you have no idea what you reviewed!
There are plenty of losing traders who open positions worth 500k, similarily there are plenty of BMW drivers who are not good drivers.
You did not mention they offer execution facilitation and co-operate with FCT Europe and Macquarie Futures, both very reputable names in the industry, with a long history. They are not a scam – they do not claim they guarantee you will make millions trading futures. All they do is teach people how they can possibly do it and allow them to trade through them with very low commission rates and no monthly desk fee if you trade remotely – a fair deal, I think
Correct. But in light of the Futex affiliation, would you give these guys full control over your deposit?
For me, the big issue is verifying the quality of the educational product. The only way to validate is through personal performance histories of the persons running Axia. But no cooperation there.
Would be more than happy to draft a new review, but more transparency is needed.
I was just wondering if Axia ever got back to you and if your opinion has changed?
Did they refuse to give you records? What happened?
Reputation means nothing in finance. Madoff had excellent reputation, the same with Goldman Sachs, Citi and DB which all scammed their customers and lost huge money on lawsuits. This is cruel world with everyone fighting for their own profits. Never ever ever ever trust anyone in finance.
Here we go again…I say BS. 100% BS!!! I know if I made millions scalping the futures market and sold 5K courses, I would prove it to everyone then I would be the largest trading educator from the proof then I would have to hire a much larger staff to keep up with the new clients. HAHA, too funny. These guys probably go to the bars around London and tell the poor women their that they are big time traders, in their own mind I would say. I wonder if SIM bucks can be converted to Euros? Another group of fake trading clowns.
Only snake-oilers claim to be able to spend SimBucks.
If you are one of those who voted this down, you must be a snake-oiler yourself, or you are just too plainly stupid to deal with.
Are you referring to me?