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  • #22,481
  • Sep 22, 2023 3:01am Sep 22, 2023 3:01am
Quoting montygoldy
{quote} question is there any specific rule need to look for except drawdown??

yes DD is the main rules

but if you havent trade with strict rules of DD you have to adopt it because you have mostly trade on live account 100% DD
MY OPINION NOT FINANCIAL ADVISE
  • #22,482
  • Sep 22, 2023 3:03am Sep 22, 2023 3:03am
Quoting Takisd
Hello from the porcelain throne. My morning evacuation is taking a bit longer than normal but I’ll take this opportunity to remind everyone that the funded trader owner is the scammer who ran fxseed.

website look like Disney garden
MY OPINION NOT FINANCIAL ADVISE
  • #22,483
  • Sep 22, 2023 3:25am Sep 22, 2023 3:25am
TFT and Angelo saying that they will take another 2 weeks to solve all the payouts that were already delayed by 9 or 10 days. What a joke.
https://twitter.com/thefundedtrader/...43445742543276
https://twitter.com/savedbyfx/status...46754918375738

I feel sorry for our mate Expo33 who was eagerly waiting for his payout, dressed up in his tuxedo.
  • #22,484
  • Sep 22, 2023 3:54am Sep 22, 2023 3:54am
Takisd at the time you were looking into prop industry did you contact these FPFX guys ?
https://twitter.com/TraderBach/statu...33739003211852
Is this accurate ?
  • #22,485
  • Sep 22, 2023 4:01am Sep 22, 2023 4:01am
Quoting Capablanca
Takisd at the time you were looking into prop industry did you contact these FPFX guys ? https://twitter.com/TraderBach/statu...33739003211852 Is this accurate ?
Yes. They are the best in the game for the tech. But the broker relationships are ass. Also the price sucked.
  • #22,486
  • Sep 22, 2023 4:14am Sep 22, 2023 4:14am
Quoting Capablanca
TFT and Angelo saying that they will take another 2 weeks to solve all the payouts that were already delayed by 9 or 10 days. What a joke. https://twitter.com/thefundedtrader/...43445742543276 https://twitter.com/savedbyfx/status...46754918375738 I feel sorry for our mate Expo33 who was eagerly waiting for his payout, dressed up in his tuxedo.
Rip expo, warm up that bus pass.
  • #22,487
  • Sep 22, 2023 4:14am Sep 22, 2023 4:14am
Quoting montygoldy
{quote} Question for the news trading meaning opening a trade few minutes before that ??? what if u already have a running trade?
For FTMO, it's a 2-minute period before and after a major restricted news event. Can't enter or exit manually or through a limit order.
  • #22,488
  • Sep 22, 2023 4:18am Sep 22, 2023 4:18am
Opinions about Maven Trading Prop firm ? Do they pay ? https://maventrading.com/
  • #22,489
  • Sep 22, 2023 4:33am Sep 22, 2023 4:33am
Quoting TrAndy1
Opinions about Maven Trading Prop firm ? Do they pay ? https://maventrading.com/
the owner is andrew tates retarded cousin.
  • #22,490
  • Sep 22, 2023 7:01am Sep 22, 2023 7:01am
IMO, other than trading what you already have funded.......I would not recommend anyone purchasing new challenges from any firm at this point. Especially if you reside in the USA. You are more than likely simply lighting your money on fire.
1. The uncertainty of getting paid. I live in the USA, this is what the regulators do, I've been through it. If they threaten/shut down all of the methods of moving money, they do not need to go after all of the firms. Deel is done, now they will go after the crypto exchanges. The regulators do not even need to prove anything, they simply threaten and these companies fold like a wet paper bag.
2. If the "new" cash flow stops, we will expose who ( if any) are running the business like they all claim and who is paying ONLY FROM FEES.
At best, it will clean up the industy and maybe we can continue using the remaining props.
At worst, it exposes all of the firms, the industry is dead, but you have saved yourself the time and money of going through a challenge.
  • #22,491
  • Sep 22, 2023 7:04am Sep 22, 2023 7:04am
Quoting pipmaster77
IMO, other than trading what you already have funded.......I would not recommend anyone purchasing new challenges from any firm at this point. Especially if you reside in the USA. You are more than likely simply lighting your money on fire. 1. The uncertainty of getting paid. I live in the USA, this is what the regulators do, I've been through it. If they threaten/shut down all of the methods of moving money, they do not need to go after all of the firms. Deel is done, now they will go after the crypto exchanges. The regulators do not even need...
Alright, but it can take much longer than 30th of October, so maybe until year end or new year 2024 this is resolved, there might be some opportunities still or ?
  • #22,492
  • Sep 22, 2023 7:18am Sep 22, 2023 7:18am
Quoting TrAndy1
{quote} Alright, but it can take much longer than 30th of October, so maybe until year end or new year 2024 this is resolved, there might be some opportunities still or ?
I want nothing more than to see MFF kick the CFTCs ass, as I stated yesterday they are no worse than the CTTC (or any regulator for that matter) best regulated broker.

However, there is too much coruption, bribery, or as they call it "lobbying" etc, etc to be naive enough to believe this will happen.

MFF was targeted for a reason and my bet it has way more to do with the futures exchanges and the "regulated brokers" losing a ton of market share to them.

So, as always, under the guise of, "but we are only looking out for you Mr. Gullible US citizen" they shut them down and now. exactly like thier playbook from the past, they will simply stop the flow of money in/out. They do this by contacting the payment processors and saying....."See what we did to MFF, well, you are working with A B and C and they are exactly like them.....Would you like us to further investigate you OR would you like to simply cease doing business with them?"

If it plays out in MFF favor, we can continue playing, if it doesn't, I believe the domino effect kills the entire space.
  • #22,493
  • Sep 22, 2023 7:21am Sep 22, 2023 7:21am
Quoting pipmaster77
{quote} I want nothing more than to see MFF kick the CFTCs ass, as I stated yesterday they are no worse than the CTTC (or any regulator for that matter) best regulated broker. However, there is too much coruption, bribery, or as they call it "lobbying" etc, etc to be naive enough to believe this will happen. MFF was targeted for a reason and my bet it has way more to do with the futures exchanges and the "regulated brokers" losing a ton of market share to them. So, as always, under the guise of, "but we are only looking out for you Mr. Gullible...
I think that even if MFF wins, its not safe in prop. For sure FPFX's clients, TFT mffx et al are all going to get slammed in the face. There is clearly an issue with paying for "sim" trading in terms of what the CFTC is looking at. It could play into MFF's hands but we know the CFTC too well.
  • #22,494
  • Sep 22, 2023 7:27am Sep 22, 2023 7:27am
Quoting Takisd
{quote} I think that even if MFF wins, its not safe in prop. For sure FPFX's clients, TFT mffx et al are all going to get slammed in the face. There is clearly an issue with paying for "sim" trading in terms of what the CFTC is looking at. It could play into MFF's hands but we know the CFTC too well.
Right. I mean, possibly, FTMO, the 5%ers, TFF (???), even FXIFY, which I recently took on, doesn't seem to be using FPFX.
Perhaps a new model emerges. But the bottom line is . if they do not like simulated accounts and you need licensing to trade real funds (both on the firm and trader side), the industry as we knew it 30 days ago is LONG GONE.....ship has sailed.
  • #22,495
  • Sep 22, 2023 7:31am Sep 22, 2023 7:31am
Quoting pipmaster77
{quote} Right. I mean, possibly, FTMO, the 5%ers, TFF (???), even FXIFY, which I recently took on, doesn't seem to be using FPFX. Perhaps a new model emerges. But the bottom line is . if they do not like simulated accounts and you need licensing to trade real funds (both on the firm and trader side), the industry as we knew it 30 days ago is LONG GONE.....ship has sailed.
I have a dashboard available to me, a rusty system and banking assets but there is no fucking way, even where I am, I would feel safe owning a prop firm rn. Maybe when the FPFX and TFT cases light up its the opportune time to avoid detection.

I promise I will have coupons.
  • #22,496
  • Sep 22, 2023 7:40am Sep 22, 2023 7:40am
After trading an FTMO 14 Day Trial Account for 5 days I have cleared the $2500.00 profit target & currently have another 5-lot trade running.
Although this a trial account so far, I'm well satisfied with the customer service & trading from the chart with FTMO. Once the trial is completed plans are in place to purchase a 50K Challenge with FTMO. If that goes well, I will stick with them, but in light of the MFF take down I suspect there will be more fallout ahead for all Prop Firms. Post #22,498 by pipmaster77 spells out just what my thoughts are for the coming months leading into 2024. If prop firms fall victim to the regulators, I will continue to trade futures (Dow & Nas) & make the best of that. For me Forex is the best,
but that seems to be a market that is fading away from the grasp of the retail trader. Line #3 of post #22,498 sums it up pretty well in IMHO.

Best of trades to all.
  • #22,497
  • Sep 22, 2023 7:47am Sep 22, 2023 7:47am
Quoting Takisd
{quote} Maybe when the FPFX and TFT cases light up
What FPFX case?
  • #22,498
  • Sep 22, 2023 7:47am Sep 22, 2023 7:47am
Are any of you guys & gals trading in the futures market @ this time, or do you have plans to do so if things keep unraveling in the forex prop firm world?
If you are, what are you trading to those willing to share. Is anyone trading with a futures prop?
  • #22,499
  • Sep 22, 2023 7:51am Sep 22, 2023 7:51am
Quoting pipmaster77
IMO, other than trading what you already have funded.......I would not recommend anyone purchasing new challenges from any firm at this point. Especially if you reside in the USA. You are more than likely simply lighting your money on fire. 1. The uncertainty of getting paid. I live in the USA, this is what the regulators do, I've been through it. If they threaten/shut down all of the methods of moving money, they do not need to go after all of the firms. Deel is done, now they will go after the crypto exchanges. The regulators do not even need...
YOU have a great point & I'm starting to rethink that 50K Challenge I had plans on purchasing.
  • #22,500
  • Sep 22, 2023 8:11am Sep 22, 2023 8:11am
Quoting acetrader
Are any of you guys & gals trading in the futures market @ this time, or do you have plans to do so if things keep unraveling in the forex prop firm world? If you are, what are you trading to those willing to share. Is anyone trading with a futures prop?
have a look at these ones

thetradingpit.com

once funded , trailing on open profits but for the most expensive program in CFD and futures on closed profits


this place is 100% legit , look at the people running this shop

https://www.linkedin.com/in/illimarmattus/

co-founder of TICKMILL , 1 of the best forex shops , besides they also offer futures

https://www.linkedin.com/in/thomas-heyden-ceo/

I prefer a 100% guaranteed 60% payout unlike a possible 80% payout

compare this outfit to those prop shops run by scamming kids …





another pro shop for futures

https://www.apterostrading.com/prop-desk

profit target of $10,000 with fixed max drawdown of $4,000


NO trailing drawdown , 100% FIRST PAYOUT up to 100K ,fees refunded when you pass, 60% profit share , trading with professional exchange fees(instead of $4 only $1.2), might be even a better deal than shops offering 80% payout with retail fees, SCALING INTO THE SKY



another option

www.earn2trade.com
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