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  • #28,861
  • Jan 31, 2024 11:50am Jan 31, 2024 11:50am
Quoting pipmaster77
{quote} True. So it's really the indices and metals. Which means the regulated brokers in the US using MT4/MT5 will be allowed to continue, as they offer forex only and no "illegal" instruments.....and of course all of the other regulated brokers in the world, which the CFTC "protects" me from, will be allowed to continue as well.......thoughts?
According to the CFTC the illegal instruments are anything CFD. They are considered synthetic swaps, whos price doesn't reflect on any centralized exchange. The decentralized nature of it is the problem. The trading conditions have always varied across different brokers. Some good, some garbage.
Trade with confidence, trade without fear.
  • #28,862
  • Jan 31, 2024 12:04pm Jan 31, 2024 12:04pm
Quoting Cryptosurf
The decentralized nature of it is the problem.

Exactly. It IS indeed the problem: in a centralized market, people can readily see whether their account is actually funded. Even the CFTC has managed to work that one out correctly.
  • #28,863
  • Jan 31, 2024 12:33pm Jan 31, 2024 12:33pm
Quoting KarlKraus
{quote} Exactly. It IS indeed the problem: in a centralized market, people can readily see whether their account is actually funded. Even the CFTC has managed to work that one out correctly.
Do you realize that an overwhelming majority of what you say makes zero sense. And mostly riddled with factual errors?
Trade with confidence, trade without fear.
  • #28,864
  • Jan 31, 2024 12:52pm Jan 31, 2024 12:52pm
Quoting KarlKraus
{quote} Exactly. It IS indeed the problem: in a centralized market, people can readily see whether their account is actually funded. Even the CFTC has managed to work that one out correctly.
I'd rather eat a big bag of shit than use earn2trade. I have traded futures professionally before (5yr 10yr and wheat), I do not like the rigidity as i have vocalized. There is definitely a place for "Cfd" or spot or otc markets and prop firms, especially with UK regulated liquidity due to fair execution practices.

I do hope MFF returns, I am skeptical on the regulators intentions. I am not satisfied with the current marketplace and if I wasn't old and busy with health stuff and having a life in what little life i have left I would go ahead and do it myself. I recommended people I know to do it but until the MFF case is resolved most people with half a brain are spooked with the uncertainty. The only people who weren't surprised by the MFF case were the ones who are involved in it, especially in 2023 when things were only better with them.

FTMO I thought would figure out how to take the market by storm, but I don't see them growing or changing their product/service any time soon. One day someone will rise, but it surely isn't the motley crew of Angelo, Matt Leech and Khaled. Perhaps soon the circus will roll out of town and things can go towards being more professional.
  • #28,865
  • Jan 31, 2024 1:04pm Jan 31, 2024 1:04pm
Quoting KarlKraus
in a centralized market, people can readily see whether their account is actually funded.
Exactly right. With a funded futures account, you just briefly enter an order far from the current price and watch it show up in the exchange’s DoM.

It’s objective and factual.

No fooling anyone like with CFD’s.
  • #28,866
  • Jan 31, 2024 1:20pm Jan 31, 2024 1:20pm
Quoting Quickly
{quote} Exactly right. With a funded futures account, you just briefly enter an order far from the current price and watch it show up in the exchange’s DoM. It’s objective and factual. No fooling anyone like with CFD’s.
Or maybe you watch and don't see any order in the exchange audit because props internalize that, managing the risk with net positions and options...
  • #28,867
  • Jan 31, 2024 1:38pm Jan 31, 2024 1:38pm
I love the constant subtle futures prop pushing agenda by 2 of our favorite countertrend posters... they always seem to pop up together and quote each other lol. The futures props are the same virtual/simulated casino as the fx props.... with trailing DD most traders blow up before they get pushed to a live account & quite a few of the futures props like Apex and Bulenox never go to live accounts.
  • #28,868
  • Jan 31, 2024 1:51pm Jan 31, 2024 1:51pm
Quoting montygoldy
{quote} good start to fresh challenges. 1.alpha- 4% up 2. Blue guardian - 2% up {image} {image}
update 2
personal record passed phase one of alpha in 1 day …..
blue guardian no trade today so at 2%
also improved myflashfunding funded account to 4%
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Extreme gut feeling trader
  • #28,869
  • Jan 31, 2024 1:54pm Jan 31, 2024 1:54pm
Quoting Capablanca
Seems that Finotive saw their sales to dry up with those stupid rules that they had and new competition coming every week. Some time ago they eliminated the risk rule of 50% of daily DD in a single instrument and now they eliminated the SL rule for challenges. It's funny to remember when they had those, defending that it was super important to get good traders. Apparently now everybody knows already how to manage risk and those rules are not necessary any more. {image}
100% profit split if only 30 days funded... WTF! Oh hell no... I'm not touching them.
  • #28,870
  • Jan 31, 2024 1:55pm Jan 31, 2024 1:55pm
Quoting CableJ
quite a few of the futures props like Apex and Bulenox never go to live accounts.
Apex is a complete scam and has been from the start, as I’ve always said. You only need to look at who runs it, and his history in the binary options "industry," to see that.

It isn’t a "futures funding company," though: it’s a forex prop-firm-scam which has added alleged futures accounts as an afterthought.

I’m talking about all the genuine, long-established futures ones who open real accounts (very easily verifiable!) for their successful participants. Topstep, Tradeday, and others.

It's so simple, and so obvious: if you simply use a futures one, instead of a CFD one, then of course it’s all the exact opposite: they genuinely win when you win, and obviously they therefore want you do as well as possible, not to get rid of you when you’re profitable. A whole different world that leaves all the problems behind. It's irrefutable.
  • #28,871
  • Jan 31, 2024 1:58pm Jan 31, 2024 1:58pm
Quoting Takisd
but now a court has basically said they have liability for facilitating it.
-Seems like a very slippery slope to me.
  • #28,872
  • Jan 31, 2024 2:01pm Jan 31, 2024 2:01pm
Quoting CableJ
I love the constant subtle futures prop pushing agenda by 2 of our favorite countertrend posters...
-Yeah, love is a very kind choice.
  • #28,873
  • Jan 31, 2024 5:12pm Jan 31, 2024 5:12pm
After the video marketing of Kimmy about Alpha Capital, I asked a review here (thank you Capa)
I don't know why but I was in first a little septic about this firm.
But I have to admit they are simply good. Great promotions, no fees, excellent slippage (near zero), automation. Spread is not the best, like their dashboard (!!!) but Alpha Capital is probably a safe bet.
However, I remain a little doubtful with the size of their promotion (I hope it remains viable)

Very worried about TFF though. And of course, I'm on MT5 (lucky MT4...)
  • #28,874
  • Jan 31, 2024 5:57pm Jan 31, 2024 5:57pm
The Futures props have always been bullshit. Their failure rates must be insanely high, or more importantly their payout rates must be a fraction of a % given all the bullshit rules and barriers they put in place.

As the industry matures trust is going to be even more important. Sensible prop traders are going to realise that the best firms aren't going to be the cheapest with the best discounts and conditions, but the ones who don't screw you and pay you out. TFT, who are probably the biggest now FTMO have pulled out of the US, have been manipulating conditions for ages. It's easy to see they have access to the bridge / use plugins as they're so stupid they go hard even on small position sizes, whereas what they should have done is mimic the order book and started to mess with trades as position sizing goes larger. It takes skill to program the plugins to behave relatively naturally, and they don't have those skills.

The 10s of new kids on the block don't have a chance. The top 10 have the CFD firms locked down.

US traders may need to switch to alternative platforms like DX, TV etc if MetaQuotes pull the plug. Although
  • #28,875
  • Jan 31, 2024 6:27pm Jan 31, 2024 6:27pm
Quoting stirmatt
{quote} May be you are right in your own way but I would like to see the result by June mate

This is the summary of january month statement for my real money account.

Initial balance : 481 $

Target balance by end of january : 1185 $ ( @ the rate of 4 % daily cumulative growth )

Actual balance by end of January : 1278 $

I posted this cumulative growth strategy in the january month biginning based on advice from my buddy Mastersplint.

The coloured ones are week end growth status.
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Intraday only.
  • #28,876
  • Jan 31, 2024 11:14pm Jan 31, 2024 11:14pm
Quoting navk
{quote} this is the summary of january month statement for my real money account. Initial balance : 481 $ target balance by end of january : 1185 $ ( @ the rate of 4 % daily cumulative growth ) actual balance by end of january : 1278 $ i posted this cumulative growth strategy in the january month biginning based on advice from my buddy mastersplint. The coloured ones are week end growth status. {image}
no one would be able to do that in this versatile ever changing market
4% daily growth, meaning 80% per month
& its commulative 4%, then must be doubling the account in just 20 days of trading
not at all easy

if you also share the actual method how to make profits daily in trading that would be helpful,
otherwise all these things are just calculation, possibilities, and possibilities of just positive side,
anybody can make this mathematical calculation on paper, execution in live market tough

if you have holy grail stuff, then it is fine, you can make much more than it.
  • #28,877
  • Jan 31, 2024 11:25pm Jan 31, 2024 11:25pm
Does anyone have experience with Funded Engineer, I plan to join that company, Please share with me, Thanks in advance.
  • #28,878
  • Jan 31, 2024 11:35pm Jan 31, 2024 11:35pm
Quoting prop.kid
Does anyone have experience with Funded Engineer, I plan to join that company, Please share with me, Thanks in advance.
NOt experienced yet but only heard good about them....
Extreme gut feeling trader
  • #28,879
  • Jan 31, 2024 11:39pm Jan 31, 2024 11:39pm
Quoting genuine007
{quote} no one would be able to do that in this versatile ever changing market 4% daily growth, meaning 80% per month & its commulative 4%, then must be doubling the account in just 20 days of trading not at all easy if you also share the actual method how to make profits daily in trading that would be helpful, otherwise all these things are just calculation, possibilities, and possibilities of just positive side, anybody can make this mathematical calculation on paper, execution in live market tough if you have holy grail stuff, then it is fine,...
Everything is possible if you put in effort and intelligence. I have known traders who have started with few thousands and now millionaires. You're just thinking and talking like 95% failed traders like this is not possible, holy grail, can't be done etc. People do not know how much 5% profitable people make in a day. Just for reference go check out Metalsmine (forexfactory sister site) --> go to aussie thread you'll come to know the real TRADING MILLIONAIRES, how they trade, and the lots they play with
Extreme gut feeling trader
  • #28,880
  • Jan 31, 2024 11:41pm Jan 31, 2024 11:41pm
Quoting montygoldy
{quote} NOt experienced yet but only heard good about them....
Thanks for feedback, really appreciate it
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