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Anyone trading with a Prop firm 6 replies

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Attachments: Prop Firm Hub
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Prop Firm Hub

Quoting pipmaster77
Yes, it is approximately half the country, unfortunately.
-That is very generous.
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.
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.
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
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
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.
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!
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.
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.
Quoting D7S
{quote}Will not message anymore on this subject -
Good call, no one believes your bullshit.
Trade with confidence, trade without fear.
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
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.
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.
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 :-)
Quoting JustPipMe
{quote} US residents, or US citizens?
I chose the former as its easier to predict than the latter.
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.
Quoting Takisd
{quote} thanks ill let metaquotes know because i believe in equality
hehehehehehe
please have some mercy
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.
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
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
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