Dislikedthey can’t stand anyone who might actually know what he’s talking about and could become a threat of exposure of their ignorance and prejudice. They’ll insult you until you go away.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
Dislikedthey can’t stand anyone who might actually know what he’s talking about and could become a threat of exposure of their ignorance and prejudice. They’ll insult you until you go away.Ignored
DislikedAny properly regulated, genuine broker (CFTC/NFA/FCA/ASIC) - as long as your account is regulated by one of those regulators you’ll avoid at least 95% of the "broker problems" that have filled this forum and so many others for decades (not 100%, sadly).Ignored
DislikedSo, regarding FTMO, the CFTC is going to allow those of us that got in prior to them no longer accepting US clients to continue trading CFDs on MT4? What a loophole. Perhaps every firm should stop onboarding NEW US clients in an effort to keep their existing ones. Ah, but wait a minute, existing clients who CANNOT purchase new challenges are a liability only and no longer a revenue stream if the model is what everyone suspects.Ignored
Disliked-Some of us were already speculating about this and Meta's access to the app store as a potential driver for their recent decisions. However, what does the FCC have to do with this? Why would they be telling Meta to restrict US clients? Is this related to Ukraine sanctions or something else? {image}Ignored
Disliked{quote}-Maybe Takisd or someone can shed some light on this, but based on my limited understanding, the issue with Meta, is that the white label service provides all of the servers and tools for brokers, basically facilitating their activity and potentially exposing Meta from a legal and regulatory standpoint. Fully-licensed brokers, with their own servers and such, may not expose Meta to the same regulatory scrutiny, and could potentially be left alone. Which could be why we are still seeing some offshore, unregulated brokers offering Meta and...Ignored
Disliked{quote}-Thanks. That all makes sense. But I cannot understand why the FCC would get involved. Do you think that this could be a political move involving sanctions, or that this is purely regulatory? If I recall, Apple removed Meta from the app store, using some bogus reasoning, and that the matter was never really disclosed publicly. I could be way off on that, though. I think, if this move is purely regulatory, then wouldn't these new platforms be okay so long as they position themselves properly? It's not like regulators can shut down a software...Ignored
DislikedJust like Desbinary said "Human Spirit will Always Ever Triumph, Never Doubt It''. This what some people don't understand, with all my huddles when i tried to do an online business years ago just because i am from a third world country yet i manage to survive and had enormous success in trading, huge withdrawals ( my trading profit in few millions). It tells me that you and i can overcome any huddles, break any barrier if we work hard enough and also have enough time on our side. Everybody should relax and take comfort in the fact that nobody can...Ignored
Disliked{quote} ever since dodd Frank, the US regulators have pursued a policy of no retail FX/CFD's unless over regulated. It worked for like 4-5 yrs and then the offshore small brokers started appearing and accepting US in a quiet way. The offshore brokers never really got big so they let it be as resources were not worth it. It slowly expanded until props came along and blew it up. The US regulators are now reverting to mean. In order to do so they have to apply pressure to the people facilitating the ability for people to "exchange contracts" to put...Ignored
DislikedI dont understand well enough how the 50000 powers of government of the US function.Ignored
Disliked{quote} I hear you. But wouldn't it be best if just let U.S run things? Make a good case/presentation for congress, about advantages and disadvantages with having retail traders and people all over the world participating in market. I'm a big critic of U.S and it's crazy regulations, but have anyone tried to make a case in form of a mutually beneficial business deal? surely if they get convinced they will call their bloodhounds in CFTC off the back of many traders/prop firms/brokers. CFTC is just carrying out whatever agenda they got from the top....Ignored
Disliked{quote} Same as offshore brokers that currently have some of us grandfathered inIgnored
Disliked{quote} ever since dodd Frank, the US regulators have pursued a policy of no retail FX/CFD's unless over regulated. It worked for like 4-5 yrs and then the offshore small brokers started appearing and accepting US in a quiet way. The offshore brokers never really got big so they let it be as resources were not worth it. It slowly expanded until props came along and blew it up. The US regulators are now reverting to mean. In order to do so they have to apply pressure to the people facilitating the ability for people to "exchange contracts" to put...Ignored
DislikedEverybody stay calm and don't panic From 2030 nothing to worry about {image}Ignored