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Anyone trading with a Prop firm 6 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

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Prop Firm Hub

Hi,
anyone has also problems with funded engineer? Can't log in @ mt4. Got a mail that the dashboard is down.

Best
Chris
Quoting chrissfx
Hi, anyone has also problems with funded engineer? Can't log in @ mt4. Got a mail that the dashboard is down. Best Chris
Yeah.....just scroll back a few pages.
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Quoting Vitore
{image} https://x.com/BaintzCEO/status/1755643972330848415?s=20
So, Oanda, Forex.com, IG all have large US client bases and all use MT4/5
Anyone care to speculate on the impact to these wonderful entities?
AMP Futures offers MT5 as an available platform, I'm sure they will be fine as they only allow US customers to trade what the CFTC wants us to trade.
Quoting pipmaster77
{quote} Yeah.....just scroll back a few pages.
Thanks,
working all day outside in the garden. Will read it. Have had also problems with the transfer to the new broker...
So, next problem.
Quoting Takisd
{quote} 10 bucks says the tradingview trading never happens. Tradingview are even more anti-US than Spotware(ctrader).
only 10 bucks? C'mon Taki take some risk, the odds are Waaaaaaaaaaaaaaaaaaaaaay in your favor.
Quoting EF-Hutton
{image}
Of course they haven't and if they did Matt would be the first to let everyone know. Makes sense, right?
This is the kind of stuff that truly baffles me. People really, truly cannot be this naive.
Or as Crypto likes to say FFS
So, regarding FTMO, the CFTC is going to allow those of us that got in prior to them no longer accepting US clients to continue trading CFDs on MT4?
What a loophole. Perhaps every firm should stop onboarding NEW US clients in an effort to keep their existing ones.
Ah, but wait a minute, existing clients who CANNOT purchase new challenges are a liability only and no longer a revenue stream if the model is what everyone suspects.
Quoting pipmaster77
{quote} So, Oanda, Forex.com, IG all have large US client bases and all use MT4/5 Anyone care to speculate on the impact to these wonderful entities? AMP Futures offers MT5 as an available platform, I'm sure they will be fine as they only allow US customers to trade what the CFTC wants us to trade.

We knew this party was eventually to come to an end.

And here we are…
Trade with confidence, trade without fear.
Quoting pipmaster77
So, regarding FTMO, the CFTC is going to allow those of us that got in prior to them no longer accepting US clients to continue trading CFDs on MT4? What a loophole. Perhaps every firm should stop onboarding NEW US clients in an effort to keep their existing ones. Ah, but wait a minute, existing clients who CANNOT purchase new challenges are a liability only and no longer a revenue stream if the model is what everyone suspects.
I’m sure that will come to an end as well.
Trade with confidence, trade without fear.
Quoting Cryptosurf
{quote} We knew this party was eventually to come to an end. And here we are…
Inserted Video
There is a solution, but most of the folks in the prop firm world do not have the brains or know how to get it done. The worst that could happen should you take such a solution is just a red list action but most probably the solution will be bye bye US.
Quoting TrAndy1
“everyday Australian investors who have collectively lost hundreds of millions of dollars trading controversial financial products called [CFDs].” .../... “Woodsford is committed to backing this action against IC Markets on behalf of those people who have suffered loss trading these excessively risky and complex products,”
-The hilarity continues.

These "investors" are adults that understood that risk was involved. How much more 'knowing' of risk do they really need? I mean, honestly, who goes out of their way to sign up with a broker, fund an account and start trading with metatrader, and does not know that you can lose your money? Seriously...

It seems to me that some people failed at trading, lost their money, and then went crying about it. Now, they are going to ruin it for everybody else.

Is anyone talking about all of the people that have made gains from trading CFD's? Or is that not allowed? Oh, gosh, please protect me from the complex and scary CFD's...
Quoting Ferna
{quote} Elaborate?
Make your own platform.
Quoting Takisd
There is a solution, but most of the folks in the prop firm world do not have the brains or know how to get it done. The worst that could happen should you take such a solution is just a red list action but most probably the solution will be bye bye US.
So, there is no solution under the tyranny of the US?
Quoting Takisd
{quote} Make your own platform.
I was thinking the same thing.....own tech, own platform, no licenses to pull. Of course, the CFTC could still freeze you....but perhaps still jurisdictions beyond their reach?
If someone did it right, they would corner the entire US market. Any decent, intelligent trader will not trade with the options they currently "allow" us to use.
Quoting pipmaster77
{quote} I was thinking the same thing.....own tech, own platform, no licenses to pull. Of course, the CFTC could still freeze you....but perhaps still jurisdictions beyond their reach? If someone did it right, they would corner the entire US market. Any decent, intelligent trader will not trade with the options they currently "allow" us to use.
You would need to be able to handle a red listing. Which means potentially vendor problems.
Quoting Nsak3y
{quote}-The hilarity continues. These "investors" are adults that understood that risk was involved. How much more 'knowing' of risk do they really need? I mean, honestly, who goes out of their way to sign up with a broker, fund an account and start trading with metatrader, and does not know that you can lose your money? Seriously... It seems to me that some people failed at trading, lost their money, and then went crying about it. Now, they are going to ruin it for everybody else. Is anyone talking about all of the people that have made gains from...
Yes, now it is beyond ridiculous.......this is an ASIC (Very good) regulated broker.....possibly the largest (by volume) in the world and what they offer is legal.
What exactly is the nonsense being claimed here?
Quoting pipmaster77
{quote} Yes, now it is beyond ridiculous.......this is an ASIC (Very good) regulated broker.....possibly the largest (by volume) in the world and what they offer is legal. What exactly is the nonsense being claimed here?
the purpose of the case is to push a settlement, get paid and open the door for more ambulance chaser lawyers to make bank. But I believe they are doing it at the will of ASIC. A lot of the recent changes in Australia appears built to kill the marketplace at least from a retail perspective. Similar to how US did and ESMA did.
Quoting pipmaster77
I asked you yesterday: 1. Who should we be trading with?

Any properly regulated, genuine broker (CFTC/NFA/FCA/ASIC) - as long as your account is regulated by one of those regulators you’ll avoid at least 95% of the "broker problems" that have filled this forum and so many others for decades (not 100%, sadly).


Quoting pipmaster77
2. What should we be trading?

Up to you - Futures? Options? Bonds? All are honest, transparent markets.

Avoid binaries and CFDs: those aren’t.
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