Disliked{quote} I think you are conflating multiple things. Because if you believe it then all prop firms are properly screwed and the end is already here.Ignored
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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} I think you are conflating multiple things. Because if you believe it then all prop firms are properly screwed and the end is already here.Ignored
Disliked{quote} do you trust finovative? do they have any major scandals or known issues?Ignored
DislikedSome folks in here who hate the US gov probably would say they are not surprised but having been involved in stuff like this when dodd frank came out I can say that its highly unusual behavior and it seems strangely personal.Ignored
DislikedThe STP had shown that quoting and execution was worse than MFF his own datafeed. So bad or unfair trading conditions from MFF side is garbage. BUT the traders all traded on FX prop firms CFDs with over 50:1 leverage, so that is not allowed for all US residents. Here is a point from CFTC side I see. So they will likely forbid for all US residents trading CFDs. In UK it is different trading with CFDs is allowed but in EU no more than 30:1 leverage, recently also with leverage restriction in Australia, so I expect a change here on FX prop firms, on...Ignored
Disliked{quote}-Anyone that follows the regulatory movement in this space lately, especially surrounding crypto, can see that there are some very strange things happening. There are definitely agendas at work here.Ignored
DislikedAnother problem I see in the near future on all FX prop firms, that nearly noone is getting a payout like less than 1% of all traders. BUT there are more than 1% of all loosing traders COMPLAINING about the prop firm... SO that can have more cases from regulators because of that imbalance between number of complaints in relation to profitable traders.Ignored
Disliked{quote} u see the complain but not the cheating. so far day before mffs shutdown this forum parised by many shittyheads that mff is honest. ( yes I'm also live trader from mff. bought multiple challenges) but point is honesty. not only mff all other firm doing this. that's is a problem for me. and ppl complaining bcz they loose bcz of manipulation. who loses due to trading issues or applying prohibited trading methods nothing to say about them. they looses bcz of their dishonesty or trading skill. but the number is huge those are affected infact...Ignored
Disliked{quote} Also true to some extent........but you also need to consider some traders were only profitable BECAUSE of the existence of prop firms and their GOOD offers. Look at their scores, they provided value, so even with a 50/50 random strategy WITHOUT any edge you could make money from those prop firms. (I think have demonstrated the math earlier in this thread that you could make money without having any alpha on the trader his strategy (but not sure).) BIG PRO argument for those props! (Because they, the FX prop firms, also needed to protect...Ignored
DislikedAnother problem I see in the near future on all FX prop firms, that nearly noone is getting a payout like less than 1% of all traders. BUT there are more than 1% of all loosing traders COMPLAINING about the prop firm... SO that can have more cases from regulators because of that imbalance between number of complaints in relation to profitable traders.Ignored
Disliked{quote} look, how many are earned and how much that doesn't matter. u cant rob other ppl. and now its clear that almost none goes to live. so only the challenge fee covers the winner's trader payment. and which comes from some one's pocket and many of them r just robbed. i tried almost 15 challenges with mff. 2 ACC busted bcz of their dishonesty. other went for my fault. I've no complain if a trader failed challenges bcz of trading failure. that's common in fx, more that 60% failed here. and also those use prohibited trading strategies should be...Ignored