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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} Yes, it is getting quite absurd. I really do not understand how they expect to take any business from the big boys when their offer(s) are inferior.Ignored
DislikedApologies if this has been posted before, but this guy has lots of interesting content on Prop firms, particularly MFF and FTMO. I came across him whilst looking for tax info on prop trading. https://www.youtube.com/watch?v=4b0D6d7xdnwIgnored
Disliked{quote} He miss quoted the stats quite badly but his general point is right. If you are a good trader, its a good way to make money because the money is there to be paid if the companies run properly and people dont try to game the system. Funding talent got busted from the people gaming the system and their lack of knowledge in fx and business killed them.Ignored
Disliked{quote} Thanks. What would the correct stats be? This is what he said: {image}Ignored
DislikedI really do not understand how they expect to take any business from the big boys when their offer(s) are inferior.Ignored
Disliked{quote} The 5718 number is the number of live accounts not the number of purchases.Ignored
DislikedProp firms revenues are far behind the brokerage revenues though they have so much trading volume like a large broker (e.g. FTMO, MFF). So the prop firms still must do it wrong ? See here how much IG has earned. 'Profit before taxation came in at £477.0 million.' https://www.financemagnates.com/fore...ps-16-in-fy22/Ignored
DislikedAnother one for the scam list: https://www.primealgo.club/ftmo-trading where they offer to pass a funding challenge for you. My friend got burned by this one twice somehowIgnored