Disliked{quote} FXCM used to say the same thing, only to discover that their offshore firm they were sending all the flow to was just throwing it into a bucket. They got fined for it as well.Ignored
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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} FXCM used to say the same thing, only to discover that their offshore firm they were sending all the flow to was just throwing it into a bucket. They got fined for it as well.Ignored
Disliked{quote} We know regulators always have an agenda but it's quite shocking to see that they don't have any shame in doing something like this for everyone to see. "Confusing" taxes with misappropriation of funds is something that nobody could have mistaken. How can someone doing it qualify for this job if they are "confusing" such an elementar thing ?Ignored
DislikedI think prop firms just have to admit publically that they are totally disconnected from the market and all "trades" are just simulated. They just act like a casino or lottery and we are just casino players using some tricks to win (minus nice chicks and free drinks). They pay the winners with money spent by the majority of other players. Therefore, they would be no issue about getting any license whatsoever for the client, ie the player. But then, they would admit they were lying from the start and they would lose some clients convinced they can...Ignored
Disliked{quote} even if only 100 or so were a'booked at mff, then saying what you are saying they would have to say is false. Its really a weird scenario where you can't back yourself into a corner.Ignored
Disliked{quote} There is no evidence they A-book anyone. Actually, they would have to prove it with deal tickets from LPs. But IMHO, they don't even do it. They keep fuzzy about the question because if they do admit it, they would admit all their lies. Remember they were all talking not a long time ago about funded accounts being all live accounts. The funder of the5ers was owning a binary trading firm before people understood the scam. I don't know about the others.Ignored
DislikedTFT is selling trade history to third parties ? For reverse engineering so any profitable strategy can turn into a loosing one if the edge is not large enough. Just beware to trade with them, if you are scalper or have a small edge. They can easily exploit your alpha/strategy and then you have nothing left and can only start to loose. Bad.Ignored
Disliked{quote} 3 pips slippage will kill the alpha before it goes third partyIgnored
Disliked{quote} At least up to 10 or 20 pips would kill your alpha with the reverse engineers. On Dow and Gold is even much worse because these are very tiny markets. You can only loose here regardless of your edge. Or you must position trade here with at least +1% average trade here. Otherwise you have no chance to succeed with TFT.Ignored
Disliked{quote} I assume your pips are a the 5th decimal of eurusd in your equation and not the 4th. Because 10 pips slippage kills any strategy including longer term. No one would trade ever with a company who does that. Its not even close to real market. If you are referring however to 10 points or pipettes (5th decimal) then yes, but TFT is more than that already.Ignored
DislikedFXIFY process only crypto payouts it looks, but I don't see any proofs on discord with PayPal/wise. Why they offer it and other props if they got problem or not willing to process. Most is prefering crypto and is doing crypto fast. It's all strange and not good at all.Ignored
Dislikedis this scam or unbelievebel, there are many more picture like this on the Website. A canadien trader und got 99.000,00 or so payback{image} {image}Ignored
Disliked{quote} Not from today or yesterday. Anyway tomorrow will ask for crypto withdrawal if they not process PayPal. I see it's preferred by props at the moment.Ignored
Disliked{quote} Not from today or yesterday. Anyway tomorrow will ask for crypto withdrawal if they not process PayPal. I see it's preferred by props at the moment.Ignored
Disliked{quote} Out of curiosity, is your account still frozen during all this mess, preventing you from trading ? I now start to connect dots... I don't have a withdraw from them for about 2 months, I think. But in the last 2 withdraws I had requested crypto and in both of them I got a message saying that they had problems with the crypto processor and I should request them again using Deel. At the time I found stupid to have crypto available if that was not really available, but now things start to make some sense. I think they already that rule of "crypto...Ignored