MQ losses from these things - Very low at this moment. Not significant in any manner. They may benefit in future
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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
DislikedIts my dream to have so much money that I can trade directly through the Banks. I would trade with WellsFargo WatsFX platform. {image}Ignored
Disliked{quote}Those are big spreads EURUSD 0.5 for a bank, dont see any vantages, you better trading in icmarkets and tickmill as those brokers offer better conditions and spreads as the real market conditionsIgnored
Disliked{quote} The spread is normal, only retail TOB brings spread lower than that and is built to bring the boys to the yard. If a spread is lower than 0.5 most likely its going into a bucket somewhere.Ignored
DislikedMy belief from my various sources is that the CFTC does not want a prop business in the US or servicing US at all. Even if you have an RFED registration its likely the model would be fined to oblivion until it stopped. I would love for that to be incorrect and hope that in the future the CFTC will take steps to not exclude the US market participants from innovative change in the markets.Ignored
DislikedIts my dream to have so much money that I can trade directly through the Banks. I would trade with WellsFargo WatsFX platform. {image}Ignored
Disliked{quote} But you can expect at least 5% up to 20% margin for Spot FX with banks. The leverage you can get there is bad. Prime of Prime offer 100:1 leverage up to. And only on retail brokers like IC markets you can get 500:1 leverage.Ignored
DislikedMy belief from my various sources is that the CFTC does not want a prop business in the US or servicing US at all. Even if you have an RFED registration its likely the model would be fined to oblivion until it stopped. I would love for that to be incorrect and hope that in the future the CFTC will take steps to not exclude the US market participants from innovative change in the markets.Ignored
Disliked{quote} The CFTC does not want any Forex in the U.S. for retail people. First was the ridiculous leverage cut now this. 10 years from now Forex on a retail scale will not exist in the U. S.Ignored
Disliked{quote}Yeah i know thats why i prefer those regulated bucket forex brokers because they offer better trading conditions than real market conditionsIgnored
Disliked{quote} Absolutely. But is this really forex? Its a really interesting question. Even if you used a fair pricing policy LP with market fills, why would you not allow it? Is the cash FX market illegal? Then how come banks can offer it? I would go full conspiracy theory on this but its probably a simple answer like "to keep volume on centralized exchanges". My impression from the CFTC is they dont actually know the product, be it retail FX brokerage or prop firms.Ignored
Disliked{quote} Oh please go full conspiracy theory because that is probably more accurate than you think.Ignored
Disliked{quote} I truly just put it down to incompetence with a dusting of corruption. I dont have any flat earth type of conspiracy to offer.Ignored
Disliked{quote} Oh please go full conspiracy theory because that is probably more accurate than you think.Ignored
Disliked{quote} I would wait on FXIFY until they have solved the US traders issue. Oanda is not available for USA and most EU countries too. Also htrader not from Hantec broker.Ignored
Disliked{quote} Some POP's offer 1:250 and margin calculated only on single currency exposure (net). But thats as liquidity and not as a trader.Ignored