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  • #21,461
  • Sep 11, 2023 6:39pm Sep 11, 2023 6:39pm
Quoting navk
{quote} I live in canada. FTMO did not suspend my account, neither disallowed my new sign ups.
Well they will do if regulators comes after. They suspended India because of regulations. North america is far more powerful
  • #21,462
  • Sep 11, 2023 6:41pm Sep 11, 2023 6:41pm
Quoting sampat
{quote} Expensive lawyers doesn't have enough money to buyout judges Why do you think big banks gets away with insider trading with negligible fines. Do you think it is because of lawyers? It may be the case where regulated brokers like Forex.com or oanda started this case as these prop firms were taking away their business. Do you think MyFF has more money than forex.com or oanda?
My reasoning is just written, but wait.

All of what you wrote very highly unlikely to happen.

If that happens, all CEO 's will be behind bar too.
Intraday only.
  • #21,463
  • Sep 11, 2023 6:42pm Sep 11, 2023 6:42pm
Quoting Cryptosurf
{quote} However this ends with MFF, some shake out of the worst actors, lowlifes and scumbags would be welcomed.
If they shut down MyFF forget about any prop firms for any North american clients as virtually all prop firms including FTMO is having same model. It will be catastrophic to all prop firm industry.
  • #21,464
  • Sep 11, 2023 6:44pm Sep 11, 2023 6:44pm
Quoting navk
{quote} My reasoning is just written, but wait. All of what you wrote very highly unlikely to happen. If that happens, all CEO 's will be behind bar too.
Yes. Why MyFF will not say in their defense other prop firms are also operating on same model?
  • #21,465
  • Sep 11, 2023 6:44pm Sep 11, 2023 6:44pm
Quoting sampat
{quote} Well they will do if regulators comes after. They suspended India because of regulations. North america is far more powerful
Let it happen.

We can not live..thinking that we are going to die tomorrow.

Because we shall all die oneday when the day comes.

Until then, let us earn and live happily

Intraday only.
  • #21,466
  • Sep 11, 2023 6:51pm Sep 11, 2023 6:51pm
Quoting navk
{quote} Let it happen. We can not live..thinking that we are going to die tomorrow. Because we shall all die one day when the day comes. Until then, let us earn and live happily
I can't like this enough. But in words, here, I give you 5 stars and both thumbs.
  • #21,467
  • Sep 11, 2023 6:51pm Sep 11, 2023 6:51pm
Quoting navk
{quote} Let it happen. We can not live..thinking that we are going to die tomorrow. Because we shall all die oneday when the day comes. Until then, let us earn and live happily
Agree but one should not spend new money on any of the prop firms things settle down. I agree all will die but that doesn't mean one should jump out of aeroplane and expect to land directly onto mattress sitting at home
  • #21,468
  • Sep 11, 2023 6:54pm Sep 11, 2023 6:54pm
Quoting sampat
{quote} Agree but one should not spend new money on any of the prop firms things settle done. I agree all will die but that doesn't mean one should jump out of aeroplane and expect to land directly onto mattress sitting at home
Earn until possible.

The FTMO Indian registrations for new comers on hold. It is because SEBI disallow Forex trading inwhich INR is not the currency.

FTMO did not say NO.

The old accounts still alive.

My fundedfx Account for canadians still alive, for new comers it is banned
Intraday only.
  • #21,469
  • Sep 11, 2023 7:18pm Sep 11, 2023 7:18pm
Quoting sampat
{quote} Yes. Why MyFF will not say in their defense other prop firms are also operating on same model?
I doubt that.

I expect that The lawyers will put it in a way that they do nothing wrong.
Intraday only.
  • #21,470
  • Sep 11, 2023 7:24pm Sep 11, 2023 7:24pm
Quoting navk
{quote} I doubt that. I expect that The lawyers will put it in a way that they do nothing wrong.
Haha CFTC is trolling or stalking MyFF from last 1 year why do we assume other firms are not in their radar? Usually bigger crimes gets exposed with smaller ones.
(I dont think MyFF did anything wrong in B-booking all casino or lottery works on more or less same principle)
  • #21,471
  • Sep 11, 2023 7:26pm Sep 11, 2023 7:26pm
Quoting sampat
{quote} Haha CFTC is trolling or stalking MyFF from last 1 year why do we assume other firms are not in their radar? Usually bigger crimes gets exposed with smaller ones. (I dont think MyFF did anything wrong in B-booking all casino or lottery works on more or less same principle)
CASINO is legal.

I bet Lawyers put will something like that ?

I dunno.

some one was saying, they are registered as Financial firm, they can not do.
Intraday only.
  • #21,472
  • Sep 11, 2023 7:30pm Sep 11, 2023 7:30pm
Quoting navk
{quote} CASINO is legal. I bet Lawyers put will something like that ? I dunno. some one was saying, they are registered as Financial firm, they can not do.
I will be happiest person with this outcome.
  • #21,473
  • Edited 7:44pm Sep 11, 2023 7:33pm | Edited 7:44pm
Quoting sampat
{quote} Haha CFTC is trolling or stalking MyFF from last 1 year why do we assume other firms are not in their radar? Usually bigger crimes gets exposed with smaller ones. (I dont think MyFF did anything wrong in B-booking all casino or lottery works on more or less same principle)
I would say MFF and all other firms give training for fees.

The education is all about playing in the game which they conduct.

Winners are paid back educational fees and whatever they gain in the game.

Loosers will end up as paid the fees for education.


Intraday only.
  • #21,474
  • Sep 11, 2023 7:42pm Sep 11, 2023 7:42pm
Quoting navk
{quote} I would say MFF and all other firms give training for fees. The education is all about playing in the game which they conduct. Winners are paid back educational fess and whatever they gain in the game. Loosers will end up as paid the fees for education.
I like to think that way but I am not positive about this case as CFTC has so many places where they can screw MyFF up.
I dont think anything positive coming out as if they intended to brush up case TWO different authority would not have coordinated at same time with such details.
  • #21,475
  • Sep 11, 2023 7:49pm Sep 11, 2023 7:49pm
Quoting sampat
{quote} I like to think that way but I am not positive about this case as CFTC has so many places where they can screw MyFF up. I dont think anything positive coming out as if they intended to brush up case TWO different authority would not have coordinated at same time with such details.
In the end, the best thing that can happen would be , CFTC will ask MFF to pay the payouts and fees, I am inclined to think in this way because that is why CFTC is for.

If that does not happen, CFTC is a joke, SEBI is doing better.

If what i said is to happen... then both MFF and CFTC will find a way for compromise.
Intraday only.
  • #21,476
  • Sep 11, 2023 8:23pm Sep 11, 2023 8:23pm
Quoting navk
{quote} In the end, the best thing that can happen would be , CFTC will ask MFF to pay the payouts and fees, I am inclined to think in this way because that is why CFTC is for. If that does not happen, CFTC is a joke, SEBI is doing better. If what i said is to happen... then both MFF and CFTC will find a way for compromise.
Unfortunately, that is not what the CFTC is for.
Commodity
Futures
Trading
Commission
The sole purpose of this agency is to protect the interest of the futures market. This is why it is so blatanly obvious why they go after the forex market.
They disguise this as "protecting the consumer". I'll repeat, anyone who can not see through the bullshit is either not paying attention or just doesn't want to see it. There happens to be a lot of folks under the latter description in the USA.
  • #21,477
  • Sep 11, 2023 8:44pm Sep 11, 2023 8:44pm
Quoting pipmaster77
{quote} Unfortunately, that is not what the CFTC is for. Commodity Futures Trading Commission The sole purpose of this agency is to protect the interest of the futures market. This is why it is so blatanly obvious why they go after the forex market. They disguise this as "protecting the consumer". I'll repeat, anyone who can not see through the bullshit is either not paying attention or just doesn't want to see it. There happens to be a lot of folks under the latter description in the USA.
In reality, that is not happening.

THey go and allow regulated forex brokers.?

And i read that CFTC has nothing to with forex market.

And if so, why this action ?

Is it because, all firms are open to trade commodities ?
Intraday only.
  • #21,478
  • Sep 11, 2023 8:55pm Sep 11, 2023 8:55pm
Quoting navk
{quote} In reality, that is not happening. THey go and allow regulated forex brokers.? And i read that CFTC has nothing to with forex market. And if so, why this action ? Is it because, all firms are open to trade commodities ?
Question is why only two are main leaders in US and Canada (Forex.com and Oanda.com) where as a small country like UK (in size) is having 20-30 leading forex brokers. Answer lies in my first sentence. Compare any good brokers spreads and executions with any regulated legal broker its 10 times shit.
  • #21,479
  • Sep 11, 2023 8:57pm Sep 11, 2023 8:57pm
Quoting sampat
{quote} Question is why only two are main leaders in US and Canada (Forex.com and Oanda.com) where as a small country like UK is having 20-30 leading forex brokers. Answer lies in my first sentence
Dealings.
In western world too.
Intraday only.
  • #21,480
  • Sep 11, 2023 9:02pm Sep 11, 2023 9:02pm
Quoting navk
{quote} Dealings. In western world too.
Exactly those who are complaining about MyFF (being unethical or manipulating prices) especially who are residing in North america are sore loosers or they haven't traded at all. As I said couple times regulated brokers have much worst conditions and executions plus huge spread as compared to MyFF. So whoever complains about MyFF should atleast open accounts with Forex.com or Oanda and show results. MyFF and prop industry is kind of replacement of forex brokers for US and Canadian traders and they are taking away that option
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