It really saddens me to have to write…
It really saddens me to have to write this review, because I have always been a fan of FFN and have always encouraged traders to stick with FFN, because they were one of the few good guys in the business. Their rules were always fair, their customer service was always top-notch, and the opportunity that they provided for their traders was unmatched anywhere. However, things have been changing at FFN for awhile. It started out with payouts taking 2 weeks or more to get processed after they were supposedly targeted by scammers that stole $1 million from them through fraudulent practices and gaming the system. Obviously, no trader wants to have to wait 2 weeks or more to trade accounts and get paid, but at least it seemed that they were transparent and trying to still be fair and prevent it from happening again. But, they have changed their rules, and now include a rule that is extremely predatory and so I can no longer recommend this company again until such predatory rules and behaviors are reversed. They apparently launched a new rule in which if you have even one day of trading with 30% of the trades at less than 5 seconds, you get flagged with HFT and you lose all payouts and the accounts. Other firms that are genunenly interested in HFT make it over a payout period or something of that nature to be fair. But, a single day where there is high volatility and you have 10 trades, 7 of which were longer than 5 seconds, and only 3 that were not because of volatility, and they now will deny payouts and close your accounts. Yes it is a rule that apparently they do have listed, but it is so predatory in nature, that it changes my entire perspective on FFN, and traders should trade with them at their own risk. A firm that has such rules I can not support, and I advise traders to avoid. It is truly sad, because they were one of the only good firms that I had felt comfortable recommending.