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  • #27,361
  • Edited 9:19am Dec 17, 2023 9:05am | Edited 9:19am
Quoting Takisd
{quote} No. It will die in a heart beat. The lack of overhead is the cause of the model explosion.
So basically... MFF has to win this case via settlement/trial or the current model as we know it is dead as the CFTC proceeds to go on a rampage vs the rest of the industry... at least in North America until the FCA, EU & ASIC enter the arena down the road following the CFTC's lead.
  • #27,362
  • Edited 10:16am Dec 17, 2023 9:25am | Edited 10:16am
Quoting CableJ
{quote} So basically... MFF has to win this case via settlement/trial or the current model as we know it is dead as the CFTC proceeds to go on a rampage vs the rest of the industry... at least in North America until the FCA, EU & ASIC enter the arena down the road following the CFTC's lead.
CFTC will choke out whomever wants to play on US soil. Same thing that happen to FX brokers after DODD Frank. The reporting requirements alone were found to be untenable. Most if not all remaining will most likely chose not to accept clients from the USA.
Trade with confidence, trade without fear.
  • #27,363
  • Dec 17, 2023 11:22am Dec 17, 2023 11:22am
Quoting pipmaster77
{quote} But, yet we have to dig through pages to find the buried disclosures on Oanda, Gain, IG, etc here in the US to find that these brokers are counterparty to our trades. Once again, and this is my MAIN point, if the CFTC actually existed for MY benefit, those disclosures would be required to be on home page in plain site and not buried where I must click 5 different links to get there. In other words, certain entities are allowed to mislead, but others are not....why is that? I would trade with MFF over Oanda, Gain or IG 100% of the time, no...
If you would trade with MFF vs IG, Im not really sure what to say to you tbh. We will simply have to agree to disagree.
  • #27,364
  • Dec 17, 2023 11:26am Dec 17, 2023 11:26am
Quoting Nsak3y
{quote}-I think, discussion of various regulatory groups, and other alphabet groups, is important, especially if it can be done objectively. There is often very little oversight and accountability with these groups and it is important that the people not only understand the various roles and scope of these groups, but also that they are carrying out their duties with integrity while staying within the lines of the law etc.. This is especially true as we often see so many seemingly-conflicting interests and possible agendas at play. You do not need...
I don't personally think that this raises any new issues about regulatory groups at all. Those who hate regulation and see it as some form overreach will still think so, those who think that regulators are there to protect traders will continue to think so too.

There's a lot of whatbaboutism being peddled by certain posters here and I think we risk losing the true essence of the core issues.
  • #27,365
  • Dec 17, 2023 2:35pm Dec 17, 2023 2:35pm
Quoting Capablanca
I didn't know but MyFlashFunding is also a prop from Sean Bainton (besides Bluw Guardian and Aqua Funded). Confirmed by Sean himself. https://twitter.com/lukasstibor/stat...76395422040275
Thank for this info. I'm very surprised about that. By the way, the student surpasses the master
Any opinion about Aqua Funded ?
  • #27,366
  • Dec 17, 2023 2:40pm Dec 17, 2023 2:40pm
Quoting pipmaster77
{quote}We would essentially be back to the two firms I/we constantly told everyone in this thread to max before entertaining any of the others.
May I ask, which two would that be?
  • #27,367
  • Dec 17, 2023 2:53pm Dec 17, 2023 2:53pm
Quoting KarlKraus
Yes. Easy. After some careful practice this one
Hey Karl. I just noticed that I apparently came across this strategy 2 years ago and tried it without success. Maybe you have to trade this over several markets at the same time or at least place more than order a day. I will still backtest it again for my period that would be in question, currency pair and a maximum of 1 trade per day and let you know.

Unfortunately, I can't sit at the computer all day and watch/trade multiple markets. The automatic systems like MT4 EA's that I have found so far have all been unsuccessful for me. The strategies that are fairly consistently profitable seem to be grid/martingale things, all of which involve enormous risk. So that doesn't seem to be for me either.

I don't really know anymore, I think I'll have to give up soon. Unfortunately, I somehow don't have the energy to do things anymore. Anyway, I'm going to take a complete break for 2-3 weeks and try not to think about trading. It's really driving me crazy that I can't seem to find anything for myself.
  • #27,368
  • Dec 17, 2023 4:19pm Dec 17, 2023 4:19pm
Quoting Zuke
There's a lot of whatbaboutism being peddled by certain posters here and I think we risk losing the true essence of the core issues.
-Not sure which core issues you are referring to, but here in the States, we are seeing our opportunities dwindle by the day as we become lepers as a result of over-regulation.

Believe it or not, many of the Americans that complain about regulation here are not anti-regulation. We understand that there is a need for regulation, and we even welcome it in some form. The problem is over-regulation... especially when it becomes so restrictive and prohibitive that it no longer serves the good of the people.
  • #27,369
  • Dec 17, 2023 5:17pm Dec 17, 2023 5:17pm
Quoting Nsak3y
{quote}-Not sure which core issues you are referring to, but here in the States, we are seeing our opportunities dwindle by the day as we become lepers as a result of over-regulation. Believe it or not, many of the Americans that complain about regulation here are not anti-regulation. We understand that there is a need for regulation, and we even welcome it in some form. The problem is over-regulation... especially when it becomes so restrictive and prohibitive that it no longer serves the good of the people.
Problem with regulators is they are unable to prevent Manipulations like insider trading etc. How many time we have heard CFTC fining big banks for currency manipulations and they virtually get away with millions in fines while profiting in billions. Regulators didn't prevent FXCM like firms during Swiss tsunami, Regulators didn't fine Oanda or Forex.com for huge spreads. Forex.com even claimed to make 50 million when EUR/CHF pegged removed and most of client who were holding same pair got margin call and their stops were not honored. So my concern is regulators interest...and sticking their nose every where.
Watch dogs are good for house if stayed outside. You dont want them in your bed room watching all activities.
  • #27,370
  • Dec 17, 2023 5:54pm Dec 17, 2023 5:54pm
Quoting sampat
{quote} Problem with regulators is they are unable to prevent Manipulations like insider trading etc. How many time we have heard CFTC fining big banks for currency manipulations and they virtually get away with millions in fines while profiting in billions. Regulators didn't prevent FXCM like firms during Swiss tsunami, Regulators didn't fine Oanda or Forex.com for huge spreads. Forex.com even claimed to make 50 million when EUR/CHF pegged removed and most of client who were holding same pair got margin call and their stops were not honored. So...
Well said, plus regulators were warned for years leading up to the housing bust in 2008. They chose to do nothing.
Regulators were warned on multiple occasions that Bernie Madoff was running a scam, and again they chose to do nothing.
Trade with confidence, trade without fear.
  • #27,371
  • Dec 17, 2023 7:24pm Dec 17, 2023 7:24pm
Quoting inversio
{quote} Aren't they reliable? I'm planning to buy a big challenge, currently trading with mid one , n so far so good. They don't increase the spreads on rollover time crazyly to shut traders like few popular firm. Haven't received any payments yet, n due date is after 25th may be, so no idea about payment.
I have no idea as I've never used them. Just passing along the information they sent me in an email.
Pride always comes before destruction.... -Proverbs 16:18
  • #27,372
  • Dec 18, 2023 1:08am Dec 18, 2023 1:08am
the site is back https://myforexfunds.com/
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  • #27,373
  • Dec 18, 2023 1:21am Dec 18, 2023 1:21am
Quoting prop.kid
the site is back https://myforexfunds.com/ {image}
you think they gonna give back my funded account ?
  • #27,374
  • Dec 18, 2023 1:22am Dec 18, 2023 1:22am
Quoting ladder
{quote} Around 20K$ to get an out-of-box prop from solution providers. That's why you see so many 20 year-old CEOs in this industry.

that cheap
they have solution providers ? can you share the provider info ?
  • #27,375
  • Dec 18, 2023 1:23am Dec 18, 2023 1:23am
Quoting HengkiTjen
{quote} you think they gonna give back my funded account ?
Yes, I'm sure, on the dashboard my live account is still active.
  • #27,376
  • Dec 18, 2023 1:30am Dec 18, 2023 1:30am
Quoting prop.kid
{quote} Yes, I'm sure, on the dashboard my live account is still active.
wait sec ..
you can log in to you dashboard ?
  • #27,377
  • Dec 18, 2023 1:38am Dec 18, 2023 1:38am
Quoting HengkiTjen
{quote} wait sec .. you can log in to you dashboard ?
yes sure! you can
via email which they send payout time
Attached Image (click to enlarge)
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  • #27,378
  • Dec 18, 2023 1:46am Dec 18, 2023 1:46am
Quoting prop.kid
{quote} yes sure! you can via email which they send payout time {image}

thanks for info
cheers
  • #27,379
  • Dec 18, 2023 2:02am Dec 18, 2023 2:02am
Quoting Cryptosurf
{quote} Well said, plus regulators were warned for years leading up to the housing bust in 2008. They chose to do nothing. Regulators were warned on multiple occasions that Bernie Madoff was running a scam, and again they chose to do nothing.
Also one word that a select few do-gooders in here forget, "lobbying".

Don't come at me telling me how regulators are there to help us when they will happily take on cases for political gain.
  • #27,380
  • Dec 18, 2023 2:13am Dec 18, 2023 2:13am
Quoting Takisd
{quote} Also one word that a select few do-gooders in here forget, "lobbying". Don't come at me telling me how regulators are there to help us when they will happily take on cases for political gain.
Exhibit A: Sam Bankman French Fried and FTX.

Amazing how the "regulators" didn't catch on
Pride always comes before destruction.... -Proverbs 16:18
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