For me am Done with the Prop Firms , and now am rebuilding My Track Record ,, looking towards Private investors and the Banks.
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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
DislikedFor me am Done with the Prop Firms , and now am rebuilding My Track Record ,, looking towards Private investors and the Banks.Ignored
DislikedYou have to have a System in Place and be Profitable only and that's what I am. After that build a track record which will work as your CV ,, but most importantly its Profitability, that's what investors want.Ignored
Disliked{quote} how long / many years does it take to be able to trade with the banks. Also how do you apply for those? Do you mean you are going to be a hedge fund manager?Ignored
Disliked{quote} Hedgefunds - Do you have a MBA + 2 year track record on a live broker account?Ignored
DislikedEmail from The Funded Engineer. All is well in Dubai. Not a recommendation but I did try them last month. Blew up a 10K account. Credentials came instantly. Trading conditions were fine for me but as I always say, I only trade major FOREX pairs during decent times of liquidity and don't trade Indices so I don't pay attention or worry about slippage, etc. Let the coupon orgies begin {image}Ignored
DislikedFor any in here talking about Dual citizenships as US citizens... 2nd passports show original place of birth, once it says United States you are persona non grata to banks Brokers may still deal with you "IF" you are an Eligible Contract Participant (ECP) exempt from Dod Frank Regulations (>10M assets). The major problem is finding a foreign bank willing to deal with you as a US citizen due to FATCA. After the revealing of the Panama Papers, the US was able to use that as a stick along with the threat that banks will be completely banned from US...Ignored
DislikedEmail from The Funded Engineer. All is well in Dubai. Not a recommendation but I did try them last month. Blew up a 10K account. Credentials came instantly. Trading conditions were fine for me but as I always say, I only trade major FOREX pairs during decent times of liquidity and don't trade Indices so I don't pay attention or worry about slippage, etc. Let the coupon orgies begin {image}Ignored
DislikedThe only escape from the SEC/CFTC/IRS is to renounce your citizenship and pay your exit taxes.Ignored
Disliked{quote}-Renunciation is a viable option for some, especially those that can obtain multiple passports. In terms of brokers, many allow other forms of Identification (such as government/state ID and driver's license etc.), in combination with a secondary form, such as proof of residence. Providing a passport is not always necessary. Setting up bank accounts is also not very difficult if you have a non-US passport. There are some countries/banks, as you say, however, that will not accept you, even if you have a non-US passport if they can determine...Ignored
DislikedBought my first ever 100k challenge and its through 5ers wish me luck guys. I still believe MFF is legit although with all the allegations, and I am still thankful with them. But just in case they lost their battle, 5ers now is my new home and my go to prop firm. Hoping that US and CA regulators will not come after the Israelites. {image}Ignored
DislikedBought my first ever 100k challenge and its through 5ers wish me luck guys. I still believe MFF is legit although with all the allegations, and I am still thankful with them. But just in case they lost their battle, 5ers now is my new home and my go to prop firm. Hoping that US and CA regulators will not come after the Israelites. {image}Ignored
Disliked{quote} This has been on their site atleast since I first looked into them almost 3 years ago: Under a 3rd party contract, The 5%ers recruits genuine and speculative traders to work for the company, and to manage the compan’y funds on the company’s platform and using the company’s assets and funds. The 5%ers provides fully-funded forex trading accounts with monthly profit payout plans and lucrative growth scenarios to traders who qualify for the program’s trading requirements. The 5%ers is not a broker, not associated with any particular broker,...Ignored