Prop Firm Hub

there is 0 difference between cfd and futures props other than the model used to make you fail.

From Forex phenom to pooper scooper princess

Gotta love my girl Jessica. She just built a new company called Wagzy. They pick up dog shit. I respect that.

Meet the team

"Top Dawg" sexy Jess

"Master of Fetch", beta male husband Anthony

"Chief Woof Officer" and former "Director of Love" at Funding Talent, Josie

From prop shit to DOG SHIT. WTF?

With inflation in canada, she can make just as much as props.

inflation not only in canada in europe is crazy too

-I have generally leaned toward the opinion that the remote prop model should not be regulated in the same way that traditional props/brokers are, since they are structured entirely differently and should not fall under the scope of the usual regulatory groups (some may disagree). When props start acting as broker, offer CFD's to US citizens or trading in real markets with real funding etc., then that becomes a different story.

Futures props may be treated differently if they truly offer a pathway to live (with real funding and real trading) and collect 'data fees' etc.. It is my opinion that they should not do that. Exchanges and regulators will want to push for these things because it will not only put money into their pockets, but it will force regulation onto these firms. To my knowledge, there is currently no formal requirement to offer a pathway to live, but that this is something that will likely be coming.

I am not sure what kind of precedent could be established that could carry over to futures props. Leverage, PDT rule, KYC/AML rules, CFTC/NFA oversight et al., are all not applicable here, due to how most of these firms are structured, and the relationship between firm and client/contractor etc.. Perhaps an argument could be made about questionable marketing and risk disclosure rules, but these things can be easily fixed. All of that being said, it would not be overly-difficult to force firms into compliance by the usual pay-to-play shenanigans.

If the only option for regulators is to try and classify futures props as a ponzi scheme, then that would not be correct in my opinion, and could possibly backfire on them by locking them out from pursuing other firms if it is determined that no regulated activities are taking place, moving jurisdiction to some other agency. An argument could also be made that most brokers operate in a similar way, and, in fact, most businesses really. I just do not think that it is a valid argument. As such, I think that regulatory compliance enforcement will come from exchanges (likely in cooperation with and/or at the behest of regulators).

To regulate or not to regulate...

I personally think that regulation is not necessary for futures props, so long as they do not offer real, live trading with real funding etc.. This is especially true if we have access to US-based firms, since we would have some form of recourse if/when a firm tries anything shady. That being said, I do think that regulation is likely coming, whether it's needed or not. Regulation can be difficult when you have companies operating on foreign soil; you often end up with certain regions being prohibited from participating. Of course, this would not be a problem for most as long as we have viable (reasonable) options available here in the States.

Forced regulation would likely start by exchanges pressuring FCM's to avoid working with various prop firms that they deem are non-compliant or when there are risk, legal or compliance concerns. Regulators like the CFTC and NFA may scrutinize firms regarding registration violations and/or disclosure rules, or, attempt to make a case for it, at least. Any misrepresentation (e.g. claiming live but actually simulated etc.) would likely be an area of interest. Firms may also be required to have some kind of insurance fund. Both, exchanges and regulators, would want to see adequate risk-oversight, which could adversely-impact leverage/number of accounts and so forth.

What that would look like for traders is unknown, since more accounts across multiple firms would be an easy way to circumvent those limitations. Likely, exchanges would set limits and/or charge professional data fees for anything over a certain amount. This would likely create new licensing and registration requirements for traders.

I suspect that the current model would not survive full, regulatory compliance requirements and that such requirements would ultimately kill the remote prop model for US citizens. Maybe the exchanges and regulators will see that, and will allow for some kind of reasonable concessions (joke).

Off topic wanna share my IRON Clad trading performance on blue guardian accounts.

Two months stat - 1 or 2 max trades a day using 1mini on gold for either make or lose 200$.........

Record consistent performance .......

Best part is 99% of trade hit tp within 1-2mins with minimal drawdown.....

Rules i followed - Using limit orders at support n resistance in asian session thats it.........

Great performance, please can you share more details about this set-up. I need same for APEX

Apex says they won't be part of that self regulated thing (SRO):
https://x.com/PFRT_X/status/1925089292382306519

I wonder how do they know about people hedging between Apex and others if they don't share data....

The trading platforms.

What plan are you trading there Taksid? 2 step? Any server dropouts?

Are you still trading with them pipmaster77? No issues at all?
I had to take time out and about to get back into it.

high stakes, no dropouts but plenty of group changes

Ok thanks.

Yes, Asian session. Each payout I'll add 1 new challenge till I have 20. Now 8 and counting.

Lovely with next payout i am going for apex 20 accounts too….

mentioned there pretty simple just add limit buy/sell order at support/resistance and i use 15m-30m timeframe in asian session only on gold (great volatility) these days….. aim for only 2$-3$ move only

I doubt MQ will move back into the US. The app store removal was a massive scare. They're not touching any link to the US when onboarding.

Centralised exchange vs OTC.

MFF were accused of being an RFED which is unique to CFD props. Also accused of unregistered off-exchange commodity transactions - would that apply to Futures props?

There are similar registration requirements for futures dealers as well. The same applies.

Holy shit......literally. I wonder waht biz Angelo will start when he gets out of prison????