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  • #19,361
  • Aug 31, 2023 8:36pm Aug 31, 2023 8:36pm
Quoting Boulder
{quote} Glad not MFFX yet.. I will get my 12th payment from them after midnight tonight. such a bummer govts start to put its hands on prop firms, I feel to gamble my funded accounts, fearing there will be no tomorrow...
we need to control mindset... the emotions.

To us..nothing has changed.

My money 5 k with MFF. Not yet paid.
Intraday only.
  • #19,362
  • Edited 8:59pm Aug 31, 2023 8:40pm | Edited 8:59pm
Quoting Cryptosurf
Recent events that may be related. https://www.thetradenews.com/majorit...nded-sec-rule/
SEC style = shoot first ask questions later.... what would MFF have to do with treasury trading?
  • #19,363
  • Aug 31, 2023 8:41pm Aug 31, 2023 8:41pm
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TFT moron doesn’t inspire confidence.
Trade with confidence, trade without fear.
  • #19,364
  • Aug 31, 2023 8:42pm Aug 31, 2023 8:42pm
Sigh...
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Trading is gambling. So gamble responsibly.
  • #19,365
  • Aug 31, 2023 8:43pm Aug 31, 2023 8:43pm
Quoting navk
{quote} MFF is not like FT. All of them are genuine. It is not from MFF, It is from regulatory bodies. Have seen more often US regulators come in hard and try to restrict. MFF will overcome as they too are businessman.
Well but they are acting like Funding Talent and TPT. Just posting message like Frozen account is not enough How about "The exact name of the regulator, the case number, will be on the letter. etc " When TPT got busted they said its secret. Don't you think they need to show things. Its not some sort of top secret document.
  • #19,366
  • Aug 31, 2023 8:44pm Aug 31, 2023 8:44pm
Quoting CableJ
{quote} SEC style = shoot first ask question later.... what would MFF have to do with treasury trading?
Yeah, who knows what the real story is tbh.
Trade with confidence, trade without fear.
  • #19,367
  • Aug 31, 2023 8:45pm Aug 31, 2023 8:45pm
And why in the world would MFF be under the SEC and not the CFTC.... this sounds like the BTC/ETH/Binance/Coinbase crypto mess all over again.

Sec passes some rule that claims xyz market(s) are under their control out of their ass then moves to sue the largest players.
  • #19,368
  • Aug 31, 2023 8:46pm Aug 31, 2023 8:46pm
Quoting Cryptosurf
{image}TFT moron doesn’t inspire confidence.
Yep but he is stating facts and saying stay away from north american brands.
  • #19,369
  • Aug 31, 2023 8:49pm Aug 31, 2023 8:49pm
Quoting CableJ
And why in the world would MFF be under the SEC and not the CFTC.... this sounds like the BTC/ETH/Binance/Coinbase crypto mess all over again. Sec passes some rule that claims jurisdiction out of their ass then moves to sue the largest players.
They can do anything man, Today I got message from Coinbase they are discontinuing USDT from Canadian division.
Don't you think it is too much of coincidence where two regulators from two different countries sue at the same time unless they are talking with each other.
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  • #19,370
  • Aug 31, 2023 8:53pm Aug 31, 2023 8:53pm
To be honest, it was not the smartest idea of MFF to follow Funding talent in setting up shop in North America.
  • #19,371
  • Aug 31, 2023 8:58pm Aug 31, 2023 8:58pm
Quoting dantpm
I believe that more information is required. The news article that I read compared prop firms to ponzi scams. Prop firms use 'their money', ponzi firms use the clients money. I guess the important detail will be where the funding for the trading is sourced and what type of disclosures are made to the contributors.
Sure thing bud, I am taking precaution now while keeping close tabs on the matter. Please keep me posted Incase of any new findings.

I had future plans of joining prop firms, that plan rests on shoulders of how MFF resolves the matter. I leave a benefit of doubt for the rest of the firms. If this happened in a blink of an eye(short notice) it can happen for them too, safety measures!

Regards,
JereMi.
Face 'ur fears & tame 'ur greed
  • #19,372
  • Aug 31, 2023 9:01pm Aug 31, 2023 9:01pm
Quoting CableJ
To be honest, it was not the smartest idea of MFF to follow Funding talent in setting up shop in North America.
Well they have already started before Funding Talent got busted. But I agree they could have moved.
  • #19,373
  • Aug 31, 2023 9:08pm Aug 31, 2023 9:08pm
the problem is no country with a futures exchange will allow anyone especially some small time prop firm to trade their futures contracts

these firms brought it on themselves. I seen people in the gold thread switch to dow, nasdaq and s+p500 trqding cause gold has been stuck in a range for so long

that guy from mffx side stepped this enforcement by opening up the funded futures prop firm. he said he encouraged regulation and probably was talking to them and thats why he split his firm into seperate companies.

the cme and globex exchanges wont allow some shitty companies to steal their products and let people from poor ass countries trade their regulated contracts that charge fees...they get fees from every round turn

so unless your prop firm just stays to forex and just forex cause americans dont give a shit about forex than youll be alright but if your prop firm lets you trade the nasdaq or s+p of ftse or dax or whatever exchanges are in europe they will all get shut down

find just FOREX firms that dont fook with futures but the slege hammer just got swung againt the prop firms heads

so that matt guy from mffx looks real smart right now LOL cause ftmo and 5ers and everybody that doesnt pay the cme or eurex for the use of their futures product will be squished
short trump and go long the deepstate
  • #19,374
  • Aug 31, 2023 9:09pm Aug 31, 2023 9:09pm
Quoting CableJ
And why in the world would MFF be under the SEC and not the CFTC.... this sounds like the BTC/ETH/Binance/Coinbase crypto mess all over again. Sec passes some rule that claims xyz market(s) are under their control out of their ass then moves to sue the largest players.
That article about FINRA notwithstanding, MFF just states "commodities regulator in the United States". Sounds like CFTC instead of SEC, and maybe the FINRA expansion has nothing to do with this. Also, that new FINRA rule hasn't taken effect yet, and if/when (probably if) it does, firms have a year to comply - meaning not a sudden, immediate freeze on assets and a court date.
  • #19,375
  • Aug 31, 2023 9:11pm Aug 31, 2023 9:11pm
Goodbye mff....
Trading is very lonely
  • #19,376
  • Edited 9:22pm Aug 31, 2023 9:11pm | Edited 9:22pm
Quoting CableJ
To be honest, it was not the smartest idea of MFF to follow Funding talent in setting up shop in North America.

got nothing to do with north america...europe gona shut down the props that let you trade dax and ftse

the only survivers will be shitty little companies on shitty little island states in the middle of oceans and even then your money and identity wont be safe cause australia will shut them down too

id get out whatever money youre owed and wait to sign up for just a forex prop firm that wont let u gamble on anything else but currencies
short trump and go long the deepstate
  • #19,377
  • Aug 31, 2023 9:13pm Aug 31, 2023 9:13pm
the futures exchanges want their cut of the fees these prop firms arent paying up when they let you trade a nasdaq contract....SIMPLE
short trump and go long the deepstate
  • #19,378
  • Aug 31, 2023 9:15pm Aug 31, 2023 9:15pm
Quoting loom
{quote} That article about FINRA notwithstanding, MFF just states "commodities regulator in the United States". Sounds like CFTC instead of SEC, and maybe the FINRA expansion has nothing to do with this. Also, that new FINRA rule hasn't taken effect yet, and if/when (probably if) it does, firms have a year to comply - meaning not a sudden, immediate freeze on assets and a court date.
makes sense
  • #19,379
  • Aug 31, 2023 9:18pm Aug 31, 2023 9:18pm
Quoting loom
{quote} That article about FINRA notwithstanding, MFF just states "commodities regulator in the United States". Sounds like CFTC instead of SEC, and maybe the FINRA expansion has nothing to do with this. Also, that new FINRA rule hasn't taken effect yet, and if/when (probably if) it does, firms have a year to comply - meaning not a sudden, immediate freeze on assets and a court date.
The FINRA expansion looks to be regulation of the real prop firms, not the space we are in. I also believe they are referring to the CFTC. Great point about the year to comply and that is AFTER it takes effect. There would be no freezing of accounts at this point.
  • #19,380
  • Edited 9:51pm Aug 31, 2023 9:18pm | Edited 9:51pm
europe will close down ftmo in the next few days

theyre called FOREX prop firms for a reason and theyve moved into futures contract territory without paying fees to the exchanges

greed just killed the golden goose LOL
short trump and go long the deepstate
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