tier1fx is also registered under BaFin
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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 could be mistaken, but I believe that bootcamp was always 3-phase. I was not the only one that thought that the bootcamp program would fail hard because the offering was kind of garbage, comparatively speaking. Maybe that is subjective. It seems to be a popular choice among some traders. I suspect that it is because of the price-point. One might say that it lowers the barrier-to-entry for low-income traders, providing them with opportunities that they would not otherwise have. Others might say that it preys on weak-minded and poverty-stricken...Ignored
Disliked{quote} I think you will find bad reviews in TP of, essentially, any broker. With that assumption, I thin you need to select the where the 1 and 2 stars are less concerning. Things that you can assume the problem was more misunderstanding from user like spreads wide during news or slippage horrible in rollouts. This is not something concerning, it's market conditions. Something concerning would be too many denials of withdraws. Surprised to see ICM with claims. I thought they were one of the best around. For retail I doubt you find better than IB....Ignored
DislikedI was about to open an account with Kraken to receive payouts and buy challenges in crypto, but came across an article about SEC charges against Kraken on Nov 20, 2023. Unlike CFTC-MFF case, Kraken is operating normally after the charges. Looks like CFTC is more evil than SEC. https://www.sec.gov/news/press-relea...ts%20customers. SEC Charges Kraken for Operating as an Unregistered Securities Exchange, Broker, Dealer, and Clearing Agency The SEC’s complaint...Ignored
Disliked{quote} Make no mistake, SEC/US regulators has, or will be shaking down any and all crypto exchanges on US soil (and some not on US soil). Coinbase has had an ongoing war with them, Bittrex decided to exit US market along with all the others.Ignored
Disliked{quote} Essentially, if you can’t ban the guns, ban the ammo. They won’t ban crypto, they’ll just drive out all the exchanges so you can’t use it.Ignored
Disliked{quote} That being said, if Kraken really does “commingles its customers’ money with its own, including paying operational expenses directly from accounts that hold customer cash” then they are untrustworthy. Have they ever had an independent audit, self-initiated?Ignored
Disliked{quote} Thanks Nsak3y. You are right they were 3 phase. I get mixed up with their offerings. Trading one's own account might be better off with the rules to win instead of lose. 3 phase just seems so slavelike, keep going one day I'll get there type of thing. Highstakes seems better, slightly better rules and one phase less but more expensive.Ignored
DislikedGuys is Myfundedfx still worth buying a challenge or not? i dont keep up with this theard for some timeIgnored
Disliked{quote} I think you will find bad reviews in TP of, essentially, any broker. With that assumption, I thin you need to select the where the 1 and 2 stars are less concerning. Things that you can assume the problem was more misunderstanding from user like spreads wide during news or slippage horrible in rollouts. This is not something concerning, it's market conditions. Something concerning would be too many denials of withdraws. Surprised to see ICM with claims. I thought they were one of the best around. For retail I doubt you find better than IB....Ignored
Disliked{quote} That’s why you need to trade futures and not CFD’s, so your broker actually IS a broker, not a counterparty, and is on your side. Doing so is effectively all advantages and no disadvantages. It’s a simple and helpful way of leaving all these problems behind you. Ask yourself why nobody who switches from CFDs to futures ever switches back!Ignored
Disliked{quote} Make no mistake, SEC/US regulators has, or will be shaking down any and all crypto exchanges on US soil (and some not on US soil). Coinbase has had an ongoing war with them, Bittrex decided to exit US market along with all the others.Ignored
DislikedHere are 10 Prop Firms who I will be doing challenges with this Year. I am already in 5 Challenges and have 3 funded accounts. Upon my research these Prop firms are very reasonable and have decent reviews. I dropped Bespoke funding after they had payout issues (as seen in there discord). I dropped MyFlashFunding due to there massive Slippage which I experienced myself (20 pip Slippage during CPI). These are just based on my personal research. {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}Ignored
Disliked{quote} interactive brokers is hated for their missing support and bad platform, rest should be ok at middle level (in old days was good for pricing conditions, now other have near same or better), and very good for options. and protection of money is better, depends how someone protects own money by themself with their trading style and objects.Ignored
DislikedEssentially, if you can’t ban the guns, ban the ammo. They won’t ban crypto, they’ll just drive out all the exchanges so you can’t use it.Ignored
Disliked{quote} The high stakes is just like MFF/FTMO or any of the classic 2 phase. It is 8%/5% targets so better than FTMO in that regard. They scale at 10% regardless of time, where the classics were 3-4 months tp scale. Spread on majors is 0 all day and razor thin on crosses as well. Only disadvanatage, which I have recently posted is turning out to be a good thing, is only 100K initiial max funding. If you missed that post, I was stating it appears the firms who have survived a long time are not offering ridiculous 600K + INITIAL funding and the ones...Ignored
Disliked{quote} if you take commissions into account , are the5ers a better deal than FTMO for the forex majors ?Ignored