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  • #16,601
  • Jun 12, 2023 10:54am Jun 12, 2023 10:54am
Quoting Takisd
{quote} To be fair, there are a shit load of groups trying to arb props. On TG i get messages about it almost daily.
No doubt and that's why they can also use it so easily as an excuse to ban anyone making substantial profits.
  • #16,602
  • Jun 12, 2023 11:04am Jun 12, 2023 11:04am
Quoting TraderTero
No doubt and that's why they can also use it so easily as an excuse to ban anyone making substantial profits.
-Assuming that I am understanding the meaning of arb here, wouldn't a history of good trading sort of disprove any allegations for that?
  • #16,603
  • Jun 12, 2023 11:20am Jun 12, 2023 11:20am
Quoting TraderTero
{quote} No doubt and that's why they can also use it so easily as an excuse to ban anyone making substantial profits.
are ur trades lasting seconds? if not, then they shouldn t be able to use that as an excuse
  • #16,604
  • Jun 12, 2023 11:21am Jun 12, 2023 11:21am
Quoting Nsak3y
{quote}-Unlike a speed limit sign, I would see it as something to avoid, not as a maximum allowance. At the same time, however, you still want to get to your destination within a reasonable amount of time.
No speed limit signs in my life xD
  • #16,605
  • Jun 12, 2023 11:37am Jun 12, 2023 11:37am
Quoting Nsak3y
{quote}-Assuming that I am understanding the meaning of arb here, wouldn't a history of good trading sort of disprove any allegations for that?

One would think so but if you read the channels you can see several cases where the props just terminate accounts without providing any proper evidence of the person having used arb. They might or might not but clear evidence should be provided.
  • #16,606
  • Jun 12, 2023 11:41am Jun 12, 2023 11:41am
Quoting 1odi
{quote} are ur trades lasting seconds? if not, then they shouldn t be able to use that as an excuse
Talking in general terms, my average trade length is over 3 hours.
  • #16,607
  • Jun 12, 2023 12:18pm Jun 12, 2023 12:18pm
Quoting Takisd
No speed limit signs in my life xD
-Can't get a license?
  • #16,608
  • Jun 12, 2023 12:23pm Jun 12, 2023 12:23pm
Quoting TraderTero
One would think so but if you read the channels you can see several cases where the props just terminate accounts without providing any proper evidence of the person having used arb. They might or might not but clear evidence should be provided.
-Makes sense. And unfortunately, brokers are worse than props in terms of popping up like mushrooms. You can trust them about as far as you can throw them while your hands are tied behind your back. Many of them are probably being operated by the same group, and can just shuffle, open and close when needed if things get too hot.

All the more reason to be involved in trading communities like this one so that we can stay informed.
  • #16,609
  • Jun 12, 2023 1:34pm Jun 12, 2023 1:34pm
Quoting Takisd
{image} Expecting to see a lot more of this soon.
The answer of MFFX : (about the refused payout of 70 000)

" Reply from MyFundedFX
An hour ago
Hi Jonathan,

We are not a forex broker nor do we have your name in our database of customers. This is clearly a fake review and likely someone trying to do harm to our company.

Thanks,

Management "
  • #16,610
  • Jun 12, 2023 1:41pm Jun 12, 2023 1:41pm
Quoting Nehemah
{quote} The answer of MFFX : (about the refused payout of 70 000) " Reply from MyFundedFX An hour ago Hi Jonathan, We are not a forex broker nor do we have your name in our database of customers. This is clearly a fake review and likely someone trying to do harm to our company. Thanks, Management "
have u read that dudes review? it s vague, no proof of anything, refers to the prop as a broker and silence on discord etc.. i d think that for 70k he d be all over discord or other channels etc..again, not taking sides just an observation
  • #16,611
  • Jun 12, 2023 1:58pm Jun 12, 2023 1:58pm
A lot of people call prop firms brokers. Particularly ones referred by instagrammers with fake promises.

Regardless, the fundednext tactic of "we dont know who you are, and calling us a scam is very salacious" is not really a way to address a review.

Its pretty easy to get trustpilot reviews removed, so lets see. If the guy provides evidence of his experience to trustpilot it will remain, if not it will be removed.
  • #16,612
  • Jun 12, 2023 2:02pm Jun 12, 2023 2:02pm
Quoting 1odi
{quote} have u read that dudes review? it s vague, no proof of anything, refers to the prop as a broker and silence on discord etc.. i d think that for 70k he d be all over discord or other channels etc..again, not taking sides just an observation
And nothing in the Propfirm Telegram Group
  • #16,613
  • Jun 12, 2023 2:22pm Jun 12, 2023 2:22pm
Quoting Nehemah
{quote} And nothing in the Propfirm Telegram Group
yeah, I call bullshit.
  • #16,614
  • Jun 12, 2023 2:44pm Jun 12, 2023 2:44pm
This can go both ways. People can easily lie. So can firms. That's why neutral, 3rd-party sites like this one are so important, because both sides can state their case and will quickly be scrutinized if something doesn't add up, all without getting censored. Firms can too-easily ban people from their telegram/discord groups and delete all chat history etc..

Most traders getting denied payment on 70k for legitimate trading would probably be posting this everywhere that made sense, providing as much factual detail (with pictures) as they could in order to prove their case.

Similarly, probably not wise for a firm to just say 'well, this review is clearly not real', without asking for evidence to prove that they are actually trading with you; you can let them discredit themselves without sounding defensive.

That being said, now that MFFX has stated that the trader does not exist in their database, then it should be easy for the trader to provide evidence to dispute that claim, if he can. It would seem likely that Matt would NOT risk that happening if he wasn't sure of things, though. For what it's worth.

Some potential mitigation measures and good practices:

1. Take screenshots of your payment receipt, dashboard with account ID/profit and metatrader at various intervals etc..
2. Take video recording of your live trading with firms.
3. Document all correspondence.
4. Be realistic about what you hope to achieve/gain from these measures.
  • #16,615
  • Jun 12, 2023 2:49pm Jun 12, 2023 2:49pm
Quoting Nsak3y
This can go both ways. People can easily lie. So can firms. That's why neutral, 3rd-party sites like this one are so important, because both sides can state their case and will quickly be scrutinized if something doesn't add up, all without getting censored. Firms can too-easily ban people from their telegram/discord groups and delete all chat history etc.. Most traders getting denied payment on 70k for legitimate trading would probably be posting this everywhere that made sense, providing as much factual detail (with pictures) as they could in...
Basically on trustpilot there is a button you can do to find reviewer and then the reviewer has a time frame to respond. In the response it requires like account number and email or something. After that the company has to submit like a dispute and the reviewer gets to respond with the screenshots account details payment receipts etc. Its not trading specific just evidence that the claim is from a genuine experience.

It doesn't require a big long essay to prove it and it could be bs, I still expect to see a lot more of these in the near future though. But its going to be a while to shake the MFFX fans, buts it coming.
  • #16,616
  • Jun 12, 2023 2:52pm Jun 12, 2023 2:52pm
Good to know. Thanks.
  • #16,617
  • Jun 12, 2023 11:01pm Jun 12, 2023 11:01pm
Good day,

Could anyone please shed light into how to deal with spreads when scalping with prop firms? or maybe a recommendation on specific prop broker with tight spreads?

Thanks in anticipation )
  • #16,618
  • Jun 13, 2023 1:21am Jun 13, 2023 1:21am
Quoting Takisd
{quote} Basically on trustpilot there is a button you can do to find reviewer and then the reviewer has a time frame to respond. In the response it requires like account number and email or something. After that the company has to submit like a dispute and the reviewer gets to respond with the screenshots account details payment receipts etc. Its not trading specific just evidence that the claim is from a genuine experience. It doesn't require a big long essay to prove it and it could be bs, I still expect to see a lot more of these in the near...
According to MFFX it's fake.
  • #16,619
  • Jun 13, 2023 2:22am Jun 13, 2023 2:22am
Quoting TraderTero
{quote} According to MFFX it's fake.
I hope so.
  • #16,620
  • Jun 13, 2023 4:51am Jun 13, 2023 4:51am
If so, it makes you wonder what kind of sociopath would go out of their way to fabricate something like that. I cannot imagine that any competitor would waste their time, since there would be no guarantee of any kind of return (unless they have some kind of personal vendetta with CEO or something). Only thing that comes to mind is that it must be a disgruntled trader that either:

1. Failed their challenge
2. Is from a prohibited region

Really bizarre.
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