Disliked{quote} Turns out they were slipping people as a business model.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} Turns out they were slipping people as a business model.Ignored
Disliked{quote} Nope it will wipe out all prop firms. The problem with regulation is that they will maker prop frim conditions like shit. Compare Futures prop firm you will get idea. How expensive they are with 10 times worst conditions and price. Look what they did for Forex, Binary Options and now props.Ignored
Disliked{quote} FTMO surviving without slipping people, do you really think MFF needed to do this? Slippage problem is totally overrated.Ignored
Disliked{quote} Not even a question.....FTMO, not even close. As you stated, it all comes down to who you trust. I traded with offshore "unregulated" brokers for 5 years prior to props. I trusted them 1000 times more than any of the "regulated" brokers under the CFTC. I never experienced any of the tricks the regulated brokers pull off daily. In addition, my spreads and overall trading conditions were far superior. The offshores claimed STP, and even if it wasn't, it sure felt like it. I'd literally watch price come within 0.01 of a stop and not take it...Ignored
Disliked{quote} We should look into the combination of: 1. Spread dimension 2. Slippage 3. Execution delay 4. Commissions The combination of the four is the only way of making a fair comparison. No point in saying that prop A does not have slippage if, on the other side, they change 7 per lot or have 8 pips spread in EURUSD.Ignored
Disliked{quote} We should look into the combination of: 1. Spread dimension 2. Slippage 3. Execution delay 4. Commissions The combination of the four is the only way of making a fair comparison. No point in saying that prop A does not have slippage if, on the other side, they change 7 per lot or have 8 pips spread in EURUSD.Ignored
Disliked{quote} You made me reread again sections 79 onwards and I see nothing of that. - Low slippage everyone I think it's a normal thing when simulating real trading conditions - They suspended a guy that was using an arb EA and asked for the code to either ban him or STP him - On the winners they classified some as aggressive (I think it's the ones using big lots or High frequency). More slippage on them (and delayed executions). This also happens in real world in most of the brokers - They identified an account using a bot producing profits. They said...Ignored
Disliked{quote} Now, you are onto it. The regulators are the fraud. They want their piece of the 300 million, they don't care about the losing traders. Of course, every spot broker they regulate out , every prop firm is a chance for that money to go back to the futures exchanges. The CFTC is under the umbrella of the NFA......National Futures Association.Ignored
Disliked{quote} this is common over net, different places found different shittyhead fan bases praising their favorite firms. other firms slippage, is not ok but favorite firms is ok. double standard behaviorIgnored
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Disliked{quote} Most days I run my AMP futures account along with CFD prop accounts. Most of the time there is a "slight" difference between futures feed and CFD. Some days more, some days less. There were times that prices and PA was wildly different, and never in my favor. Makes me wonder if I was also being intentionally slipped.Ignored
Disliked{quote} I agree partly, most regulation is to keep the little guy's fingers out of their pie but it is also difficult to ignore the line (paraphrased) " If you win, we win". When actually they were hoping the winners of challenge fail and not receive even first payout and put obstacles in the way to try and make that happen. The truth is "if you win, you are a problem and you are taking that cash from our bottom line". We all know there was chicanery going on and willing to essentially roll with it while the payouts keep coming but they were money...Ignored
DislikedCompetitors are smelling extra growth because of MFF leavers. Many discounts like this available if you consider any new challenges. Dear Traders, We are writing to you today with regards to the current situation regarding the recent developments in the prop world. Such developments can naturally raise questions and concerns, and we want to take this opportunity to reassure you about our commitment to your success and the strength of Alpha Capital Group. At Alpha Capital Group, we understand that trust is the cornerstone of our relationship with...Ignored
DislikedExactly. The only thing MFF was doing was preventing the cheaters from scamming hundreds of thousands of dollars by cheating on conditions. My view is they were protecting themselves, which, in turn, was protecting anyone getting paid by them. Once again, if you see it any other way, I am sorry you failed their challenge(s) and I am sorry you are not a profitable trader, however, that is not due to anything MFF did to you.Ignored
Disliked{quote} This is a war of desperate props knowing that they need the stream of revenue to go on operating.Ignored
Disliked{quote} i never met a usa resident/citizen able to trade with offshore brokers unless youre exaggerating to make a pointIgnored
Disliked{quote} That's a good example. And if you trade 100 lots you'll have much worse conditions that if you tarde just one lot. I'm not here defending MFF. I just want to make a point of how difficult should be to simulate real conditions, knowing that they have a myriad of very different traders. From the super conservative guy that doesn't trade more then 1 lot in a 200K account, to the ones that trade full leverage 1:100 hoping to get rich instantly, to the ones martingaling, gridding, cheating with bots or EAs using HFT or delayed quotes, etc. I...Ignored