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  • #21,281
  • Sep 10, 2023 4:16am Sep 10, 2023 4:16am
Guys, be careful of tradernok. I am following pacer closely and he has started just making shit up. No idea why, but the latest stuff is just made up. He started off good just releasing docs but now who knows what he is doing.
  • #21,282
  • Sep 10, 2023 6:12am Sep 10, 2023 6:12am
Never mind his agenda is now clear. Give prop firm advice and refer people to 5ers.

what a fizzle out.
  • #21,283
  • Sep 10, 2023 7:02am Sep 10, 2023 7:02am
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  • #21,284
  • Sep 10, 2023 7:06am Sep 10, 2023 7:06am
Quoting TrAndy1
https://www.youtube.com/watch?v=qBgRiQwi2h4
can you summarize the video?
  • #21,285
  • Sep 10, 2023 7:14am Sep 10, 2023 7:14am
He is describing the whole matter in details and in simple language. His implications what the future will probably look like caught my special interest at minute 55 ff..
  • #21,286
  • Sep 10, 2023 7:17am Sep 10, 2023 7:17am
Quoting TrAndy1
He is describing the whole matter in details and in simple language. His implications what the future will probably look like caught my special interest at minute 55 ff..
thanks a million
  • #21,287
  • Edited 11:32am Sep 10, 2023 8:16am | Edited 11:32am
Quoting TrAndy1
https://www.youtube.com/watch?v=qBgRiQwi2h4

The guy is worried that the CFTC will hit the futures evaluations companies also and because of that closing all his funded futures accounts

he does not have to worry about that despite the fact that some futures evaluations companies also pay “profits” from live sim where your orders are not or partly going to the exchange and some of the fees are also used to pay you out .

the BIG difference with MFF is that in the end if you pass the test , ALL of them get a funded account (with MFF only 100 accounts out of 24000 got orders executed in the real world) where your orders ARE executed on the exchange( you can even control if you are connected to a live account , just put in a limit order and see if your order shows up in the book of the exchange)

the tests with futures evaluations companies are much harder(which should be) than the ones MFF was offering on their evaluations program where a lucky monkey could pass with crazy leverage which is not offered with futures evaluations companies

the evaluation company for T3 trading group , 1 of the biggest prop shops in the USA , even has a program that allows you to make money during the
qualification process , that money is coming from the fees ,nothing wrong with that because in the end you get a real funded account

Topstep has been around for more than 10 years..they are not attacked , Those companies are good promotion for futures and in the end the exchange makes money from those companies through the exchange and data fees you pay when trading …

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  • #21,288
  • Sep 10, 2023 9:24am Sep 10, 2023 9:24am
Quoting TrAndy1
He is describing the whole matter in details and in simple language. His implications what the future will probably look like caught my special interest at minute 55 ff..
Infact all regulated brokers are not following STP model as it looks.

For small lots , liquuidity is provided by brokers themselves, That is Market maker type.

Most of prop firms now offer " market maker " type feeds to users.

So, the regulators looking only to regulated broker to be used by firms irresepective whether thy are fully STP or partly STP ?

I am confused in this.

Infact lots of regulated brokers are market maker type.
Intraday only.
  • #21,289
  • Sep 10, 2023 9:48am Sep 10, 2023 9:48am
I'm still trying to figure out how surge trader is still in operation when the CEO was busted running A REAL Ponzi scheme.
  • #21,290
  • Sep 10, 2023 10:12am Sep 10, 2023 10:12am
Quoting navk
{quote} Infact all regulated brokers are not following STP model as it looks. For small lots , liquuidity is provided by brokers themselves, That is Market maker type. Most of prop firms now offer " market maker " type feeds to users. So, the regulators looking only to regulated broker to be used by firms irresepective whether thy are fully STP or partly STP ? I am confused in this. Infact lots of regulated brokers are market maker type.
100% correct, other than IB in the US which is no longer available to retail, the other 4 (IG, TDA, Oanda & Gain) are market maker bucket shops.
  • #21,291
  • Sep 10, 2023 10:24am Sep 10, 2023 10:24am
Each time this discussion continues it starts to feel more silly from cftc because just basic stat analysis would indicate that b book is the better way to run this business. The data proves that and it’s same for brokers. The question remains whether or not they even care.
  • #21,292
  • Sep 10, 2023 12:10pm Sep 10, 2023 12:10pm
Quoting Takisd
Each time this discussion continues it starts to feel more silly from cftc because just basic stat analysis would indicate that b book is the better way to run this business. The data proves that and it’s same for brokers. The question remains whether or not they even care.
Not related but looks like they have even bigger cases going on:
https://www.cftc.gov/PressRoom/PressReleases/8772-23

Probably won't be able to collect much.
  • #21,293
  • Sep 10, 2023 12:25pm Sep 10, 2023 12:25pm
Quoting Takisd
Never mind his agenda is now clear. Give prop firm advice and refer people to 5ers. what a fizzle out.
You refer people to MFF. Now...R.I.P. MFF. What is the difference...you or him? The same...
  • #21,294
  • Sep 10, 2023 12:27pm Sep 10, 2023 12:27pm
Quoting TraderTero
{quote} Not related but looks like they have even bigger cases going on: https://www.cftc.gov/PressRoom/PressReleases/8772-23 Probably won't be able to collect much.
There are a few i have seen, perhaps this is a fishing expedition.

One thing is for sure, the thing tradernok mentioned for the 7th was a blatant lie.
  • #21,295
  • Sep 10, 2023 12:27pm Sep 10, 2023 12:27pm
Quoting navk
{quote} Infact all regulated brokers are not following STP model as it looks. For small lots , liquuidity is provided by brokers themselves, That is Market maker type. Most of prop firms now offer " market maker " type feeds to users. So, the regulators looking only to regulated broker to be used by firms irresepective whether thy are fully STP or partly STP ? I am confused in this. Infact lots of regulated brokers are market maker type.
A regulated broker can be market maker. It's ok.
MFF was not a regulated broker...
  • #21,296
  • Sep 10, 2023 12:39pm Sep 10, 2023 12:39pm
Quoting Tim_isoara
{quote} A regulated broker can be market maker. It's ok. MFF was not a regulated broker...
what is market maker broker ?
Does regulator allow market maker kind ?
And one more question....

Do you think regulated broker does not alter feed ?
Intraday only.
  • #21,297
  • Sep 10, 2023 12:44pm Sep 10, 2023 12:44pm
Good points...
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  • #21,298
  • Sep 10, 2023 12:46pm Sep 10, 2023 12:46pm
https://twitter.com/EdwardXLreal/sta...04799379169428

Seems to me that this Goat Funded Trader is shooting on his foot. I doubt he is not doing something similar. And if he is not then he won't be in the market for long because he will lose money and/or will a target for cheaters who will bankrupt him.
  • #21,299
  • Sep 10, 2023 12:54pm Sep 10, 2023 12:54pm
Quoting Capablanca
https://twitter.com/EdwardXLreal/sta...04799379169428 Seems to me that this Goat Funded Trader is shooting on his foot. I doubt he is not doing something similar. And if he is not then he won't be in the market for long because he will lose money and/or will a target for cheaters who will bankrupt him.
I think the prop firms of lesser in nature will target bigger firms.

I mean..loosers will target the gainers in principle.
Intraday only.
  • #21,300
  • Sep 10, 2023 12:57pm Sep 10, 2023 12:57pm
Quoting Capablanca
https://twitter.com/EdwardXLreal/sta...04799379169428 Seems to me that this Goat Funded Trader is shooting on his foot. I doubt he is not doing something similar. And if he is not then he won't be in the market for long because he will lose money and/or will a target for cheaters who will bankrupt him.
Maybe they are letting Thinkmarkets to do it for them. However, I don't think that normal slippage is a key issue for being successful or not.
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