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  • #29,701
  • Feb 8, 2024 10:39am Feb 8, 2024 10:39am
Quoting pipmaster77
{quote} Perhaps you should start another thread.......you could call it "Anti-Prop Firm Hub" or perhaps "I Love Suffocating Regulation".......I'm sure it would have quite the following.......Yourself and KarlKraus could have a blast all day.
I miss that old thread with the other guys with learning disabilities who are no longer with us.
  • #29,702
  • Feb 8, 2024 10:40am Feb 8, 2024 10:40am
Maybe I am wrong. But it is not a totally stupid move from prop firms to keep Metatrader platforms until they cannot and then look for different trading platforms ?
Because the problem is the CFDs offered. So better they just should dismiss all US residents like FTMO has done it or not ? I mean it is crystal clear that the next move is, that those alternative trading platforms are the next target after MT or not ? This seems to me a totally idiotic way to handle these issues from the prop firms side.
  • #29,703
  • Feb 8, 2024 10:44am Feb 8, 2024 10:44am
Quoting Takisd
{quote} I miss that old thread with the other guys with learning disabilities who are no longer with us.
I too miss paul mf and jota -> those were the fun days. It was the highlight of my day to catchup on the latest gossip in the prop firm elite thread (or whatever it was called)
Your worst drawdown is yet to come
  • #29,704
  • Feb 8, 2024 10:45am Feb 8, 2024 10:45am
Quoting Vitore
{image} https://x.com/lukasstibor/status/175...182307856?s=20
Yeah please bring any other platform.
Platform will not be the issue as long as retail brokers have MT4/MT5
If anyone is so much fond of MT4/MT5 they can use their software

We want future in prop firm trading
We want stability
We want security
We want assurity

We don't want all this drama, one prop firm shutting tonight, other one is shutting the week after
And all day long news coming from here and there that Metaquotes send notice to this prop firm, this broker, cancelled license and all that

Whenever I open youtube there is always some news about a prop firm which is in danger now
  • #29,705
  • Feb 8, 2024 10:47am Feb 8, 2024 10:47am
I think US residents are done with retail props, anyone servicing them will be considered breaking the law. The CFTC will not issue any letter or license to a prop.
It doesn't matter what platform it is, the US will get involved when the company has any size and try to shut it down. Either by card vendor, payout vendor platform vendor or dashboard vendor. However possible using all possible avenues.
  • #29,706
  • Feb 8, 2024 10:48am Feb 8, 2024 10:48am
Quoting Cryptosurf
{quote} Some people live in the state of delusion. There have been many cases where US "regulated" institutions went bust and clients got nothing or pennies on the dollar back.
Prop firm business is risky to begin with - it falls under the "lending" laws of the US - Participating in it will help or harm you at your own peril - The brokers is a different story - they are accountable - missing funds/ withholding funds, etc. come under a "theft" law and subjected to quite a few serious statues -

I am a retired attorney, doing options/ forex as its a good way to enjoy your life while making some money from you own comfort.

In my previous life i have prosecuted some intense money grabbing schemes and so i know a bit of how the legal system works and how gov't works in sync to go after the bad characters.

Will not message anymore on this subject -
Live long and prosper with green pips!
  • #29,707
  • Feb 8, 2024 10:56am Feb 8, 2024 10:56am
Quoting D7S
{quote} Prop firm business is risky to begin with - it falls under the "lending" laws of the US - Participating in it will help or harm you at your own peril - The brokers is a different story - they are accountable - missing funds/ withholding funds, etc. come under a "theft" law and subjected to quite a few serious statues - I am a retired attorney, doing options/ forex as its a good way to enjoy your life while making some money from you own comfort. In my previous life i have prosecuted some intense money grabbing schemes and so i know a bit...
No way you're from the United States and claim to be an attorney. Your writing style says otherwise but ok sure.
  • #29,708
  • Feb 8, 2024 10:58am Feb 8, 2024 10:58am
Quoting montygoldy
Can anyone share the firms which are using purple, thinkmarket etc …. i know frmo, fxify, fundingpips and acg

Funding pips use black bull, didn't notice any problems to be honest.
  • #29,709
  • Feb 8, 2024 10:59am Feb 8, 2024 10:59am
Quoting D7S
{quote}Will not message anymore on this subject -
Good call, no one believes your bullshit.
Trade with confidence, trade without fear.
  • #29,710
  • Feb 8, 2024 11:03am Feb 8, 2024 11:03am
Quoting youngD
{quote} Funding pips use black bull, didn't notice any problems to be honest.
thanks ill let metaquotes know because i believe in equality
  • #29,711
  • Feb 8, 2024 11:03am Feb 8, 2024 11:03am
TBH ive never heard of this guy nor the firm. Seems to state the same what Tak was saying.

Inserted Video
Trade with confidence, trade without fear.
  • #29,712
  • Feb 8, 2024 11:06am Feb 8, 2024 11:06am
Quoting Cryptosurf
TBH ive never heard of this guy nor the firm. Seems to state the same what Tak was saying. https://youtu.be/1AFd5JU3DUE?si=4HQjhGb0rry0wos3
Hes way younger than me and I hate his twitter feed.
  • #29,713
  • Feb 8, 2024 11:07am Feb 8, 2024 11:07am
Quoting Takisd
I think US residents are done with retail props, anyone servicing them will be considered breaking the law. The CFTC will not issue any letter or license to a prop. It doesn't matter what platform it is, the US will get involved when the company has any size and try to shut it down. Either by card vendor, payout vendor platform vendor or dashboard vendor. However possible using all possible avenues.
US residents, or US citizens?
A snails pace wins the race :-)
  • #29,714
  • Feb 8, 2024 11:13am Feb 8, 2024 11:13am
Quoting JustPipMe
{quote} US residents, or US citizens?
I chose the former as its easier to predict than the latter.
  • #29,715
  • Feb 8, 2024 11:13am Feb 8, 2024 11:13am
Quoting Takisd
I think US residents are done with retail props, anyone servicing them will be considered breaking the law. The CFTC will not issue any letter or license to a prop. It doesn't matter what platform it is, the US will get involved when the company has any size and try to shut it down. Either by card vendor, payout vendor platform vendor or dashboard vendor. However possible using all possible avenues.
Pretty much what happen to FX Brokers after DODDFrank. One by one they fled the US and vendors were choked off. Death by a thousand cuts.
Trade with confidence, trade without fear.
  • #29,716
  • Feb 8, 2024 11:14am Feb 8, 2024 11:14am
Quoting Takisd
{quote} thanks ill let metaquotes know because i believe in equality
hehehehehehe
please have some mercy
  • #29,717
  • Feb 8, 2024 11:26am Feb 8, 2024 11:26am
Quoting navk
Hi Taksid, I just had chat with 8 cap. See this. {image}
you won't get that info from the poor soul in customer support.
and even if they knew they would never admit it.
  • #29,718
  • Feb 8, 2024 11:29am Feb 8, 2024 11:29am
Quoting Takisd
{quote} Hes way younger than me and I hate his twitter feed.
if this is a 20 year old guy running the firm, this is shit to me, run away from it
  • #29,719
  • Feb 8, 2024 11:37am Feb 8, 2024 11:37am
Quoting Nsak3y
{quote}-At this point, I do not see why any prop would want to work with FPFX.
Kids with a hundred followers in Instagram who dream in launching a prop in their parents garage
  • #29,720
  • Feb 8, 2024 11:54am Feb 8, 2024 11:54am
Quoting Capablanca
{quote} Kids with a hundred followers in Instagram who dream in launching a prop in their parents garage
They do 0 upfront deals with 20-50% rev share.

Ultimately if a prop scams you there is no reason you can't sue FPFX if they have a rev share deal as they profited from fraud. Perhaps some folks who have been scammed by the likes of rocket21, LUS and FCFF should start filing damages cases.
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