They only have crypto payment option at the present time. I hope they find other payment method
1
prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} Deel has also dumped some of the futures prop firms as well. But yeah, if the regulators think CFD prop is sketchy money grab, how can they overlook futures prop?Ignored
Disliked{quote} There are plenty of other options than Coinbase. Most brokers use other crypto payment services as Coinbase is just a bad company.Ignored
Disliked{quote} Coinbase set limit on Nova, its $5000 total per week,, not per day.. how the prop firm can payout on time? I have $100k live account with them. They only have crypto payment option at the present time. I hope they find other payment methodIgnored
DislikedBecause I’m new relatively in 5ers and I didn’t know how they work, I did a mistake. Let me just share with you. It’s useful to know if you’re considering them. Let’s say you have a 100K account (High stakes, which is the 2 steps challenge) They have a scaling program. If we make 10% they will upgrade the account to 125K. And they have 14 days payout. Now, if you’re in day 13 with 109.950 USD the best is to stop trading to avoid going to 110.000. Why ? Because if you close that at 110.000 USD on day 13, they immediately scale you to 125.000 and...Ignored
Disliked{quote} By changing to another crypto exchange or payment service.Ignored
Disliked{quote} I agree. Coinbase closed my account when I had an incoming payment from an offshore broker. What I am stating is....Deel, Coinbase, just the tip of the iceberg. The avalanche is just beginning.......like I stated earleir, here is the playbook......CFTC contacts the payment processor (Deel, Coinbase obv already been contacted), they say, "see what we did to MFF, well you are doing business with X Y and Z and they are exactly the same as MFF......."would you like us to investigate you further OR would you prefer to cease doing business with...Ignored
Disliked{quote} Right, but trading is emotionally and psychologically draining as it is. So now, we need in the back of our minds....... will I be paid? what payment processor will they shut down this week? will they freeze my prop account? It's just absolutely absurd the shit we must go through now. I mean TFTP, the third largest (well now 2nd largest) is 9-10 days behind on payments. Writing is on the wall here.Ignored
Disliked{quote} Since MFFX is on your top bad lists. Just be fair to tell about my experience - they just approved my 2 payouts today. I have gotten 15 payouts from them since 5/15/2023. I have never experienced any issues in my trading ( EurUsd) and payouts, which went in my bank within 3 daysIgnored
DislikedFunded Engineer I got phase II account today and passed in one hour for phase II. Now 30 mins passed, still no live account info.. strange. {image}Ignored
Disliked{quote} I absolutely LOVE MFFX, I just got my two wire payments in 2 days,, even faster than Deel. Their instant account reset after payout, no need waiting,,I traded two days and made enough , stopped trading and wait for my payouts coming from them next week, and the week after. I just saw they start futures, I will give them a try,, never trade Futures before,, {image}Ignored
DislikedI would not recommend anyone purchasing new challenges from any firm at this point. Especially if you reside in the USA. You are more than likely simply lighting your money on fire.Ignored
DislikedThere is clearly an issue with paying for "sim" trading in terms of what the CFTC is looking at.Ignored
DislikedI would not recommend anyone purchasing new challenges from any firm at this point.Ignored
DislikedCFTC contacts the payment processor ... If you had a business and 5% of it was this segment, would you risk the other 95% of your business to continue with the 5%?Ignored