Bunch of folks I know now have gotten chargebacks for their fundingpips account and bought elsewhere (despite my warnings). Chargeback or not, running off to another firm other than FTMO is a mistake.
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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} For most developed countries you need to live in UAE a certain number of days per year, otherwise you won't be considered a tax resident in UEA. It's not just like ordering online a passport.Ignored
Disliked{quote} Impressive how people talk about moving to another country like if we're talking about changing the place where we shop weekly.... Anyway, TrAndy is raising a much better point. Wouldn't be viable for americans to create a company in one of those countries without much bureaucracy and taxes ? I'm not familiar with this but I think it's not too expensive and may worth a try, not just for props, but also to trade CFDs in a offshore brokers if they accept business companies. I know this would not be for everyone, definitely not to purchase...Ignored
DislikedAnyway, TrAndy is raising a much better point. Wouldn't be viable for americans to create a company in one of those countries without much bureaucracy and taxes ? I'm not familiar with this but I think it's not too expensive and may worth a try, not just for props, but also to trade CFDs in a offshore brokers if they accept business companies.Ignored
Disliked{quote} The ENTIRE point of this nonsense........is WHY THE FUCK SHOULD WE HAVE TO?????? After all, this is the "most free" country in the world, no? At some point, a stand must be taken.Ignored
DislikedIf things settle down in FX prop land with most deploying DXTrade, trade coping will go out the window until they add compatibility with the platform. So trading each account 1 at time to a small target locking in the payout then switching to the next account repeating the process across accounts will probably be the only way to trade multiple accounts & various props.Ignored
Disliked{quote} I don't know. I assume that all of them have just a trading videogame, even if they say that we will be live funded. I know at least one that was saying that were providing a live accounts and this was false because the trades were never sent to cme (I made the trailing audit myself to confirm my suspicious). I'm pretty sure they ara not the only ones lyingIgnored
Disliked{quote} The ENTIRE point of this nonsense........is WHY THE FUCK SHOULD WE HAVE TO?????? After all, this is the "most free" country in the world, no? At some point, a stand must be taken.Ignored
DislikedBunch of folks I know now have gotten chargebacks for their fundingpips account and bought elsewhere (despite my warnings). Chargeback or not, running off to another firm other than FTMO is a mistake.Ignored
DislikedI hear TradersConnect is working on copy trading for DXTrade <~> mt4/5Ignored
Disliked{quote} The ENTIRE point of this nonsense........is WHY THE FUCK SHOULD WE HAVE TO?????? After all, this is the "most free" country in the world, no? At some point, a stand must be taken.Ignored
Disliked{quote} I hear TradersConnect is working on copy trading for DXTrade <~> mt4/5Ignored
DislikedI truly don't think people should bank on dxtrade. My opinion is that match trader will be the more likely replacement of metaquotes to firms who wish to skirt the law. Its more functional the team are better and its just a better platform in general. Plus its cheaper. Dxtrade is clunky, awful and forked off freeware.Ignored
Disliked{quote}-US citizens are subject to US income taxes, regardless of where they live. Some may qualify for foreign-earned income exclusion, but it is not unlimited or foolproof, and there are requirements for qualification that would prohibit you from returning home for most of the year.Ignored
Disliked{quote} You pay tax on your residence. But you can't stay in USA all the year in USA . So you want zero tax or not?Ignored