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  • #30,281
  • Feb 13, 2024 10:45am Feb 13, 2024 10:45am
FTMO - US banned
MFF - CFTC takedown
Funded Next - US banned
TFT - ??????
TFF - Meta license pulled
Funding pips - US banned

that's pretty much 6 of the top 8 FX props... SMH. The futures props are going to have a field day from all the US FX prop refugees.

It will be interesting to see what TFT is going to do. They are the next largest US/Can prop after MFF, the 3rd party brokers are dropping left and right plus they don't have the option to be their own broker.
  • #30,282
  • Feb 13, 2024 10:50am Feb 13, 2024 10:50am
Quoting CableJ
FTMO - US banned MFF - CFTC takedown Funded Next - US banned TFT - ?????? TFF - Meta license pulled Funding pips - US banned that's pretty much 6 of the top 8 FX props... SMH. The futures props are going to have a field day from all the US FX prop refugees. It will be interesting to see what TFT is going to do. They are the next largest US/Can prop after MFF, the 3rd party brokers are dropping left and right and they don't have the option to be their own broker.
They opened an offshore scam brokerage in caymans operating from colombia. But it already breached the contract of metaquotes so I hope its short lived.
  • #30,283
  • Edited 11:09am Feb 13, 2024 10:56am | Edited 11:09am
Quoting sampat
{quote} You never know they will start attacking APEX as well. it is just matter of time.
Until we see something happening on that side to Apex &/or Topstep.... my viewpoint is that there is a reason why it's so quiet on the futures virtual casino side of the industry... they are promoting trading in US favored markets with US regulated brokers & exchanges getting a cut of the action.
  • #30,284
  • Feb 13, 2024 10:59am Feb 13, 2024 10:59am
Quoting Takisd
{quote} They opened an offshore scam brokerage in caymans operating from colombia. But it already breached the contract of metaquotes so I hope its short lived.
So voyage markets is them?
  • #30,285
  • Feb 13, 2024 11:01am Feb 13, 2024 11:01am
Quoting CableJ
FTMO - US banned MFF - CFTC takedown Funded Next - US banned TFT - ?????? TFF - Meta license pulled Funding pips - US banned that's pretty much 6 of the top 8 FX props... SMH. The futures props are going to have a field day from all the US FX prop refugees. It will be interesting what TFT is going to do. They are the next largest US/Can prop after MFF, the 3rd party brokers are dropping left and right and they don't have the option to be their own broker.
The5ers and City Traders Imperium are adamant that they can continue accepting US citizens with their in-house MT5 licenses and in-house tech, they have contacted Metaquotes multiple times the past few weeks and confirmed it. They claim it's because they have their own private equity fund with live accounts (no simulated or virtual environment--after the challenge/evaluation phase anyway) connected to their own liquidity providers and no 3rd party brokers. I hope so... we shall see. FTMO claims it was not Metaquotes that made them decide to ban US citizens, but rather "market conditions", whatever that means. No one believes them anyway, LOL! But FTMO is also all "virtual" and "simulated environment", so maybe that is why they couldn't continue accepting US traders.
  • #30,286
  • Feb 13, 2024 11:08am Feb 13, 2024 11:08am
Quoting CableJ
{quote} So voyage markets is them?
Appears soy, they would never admit to it though for legal reasons.
  • #30,287
  • Feb 13, 2024 11:13am Feb 13, 2024 11:13am
Quoting AaronPriest
{quote} The5ers and City Traders Imperium are adamant that they can continue accepting US citizens with their in-house MT5 licenses and in-house tech, they have contacted Metaquotes multiple times the past few weeks and confirmed it. They claim it's because they have their own private equity fund with live accounts (no simulated or virtual environment--after the challenge/evaluation phase anyway) connected to their own liquidity providers and no 3rd party brokers. I hope so... we shall see. FTMO claims it was not Metaquotes that made them decide...
It was quite a coincidence that FTMO banned US traders within days of publicly being name dropped by MFF in the MFF vs CFTC case.
  • #30,288
  • Feb 13, 2024 11:17am Feb 13, 2024 11:17am
Quoting CableJ
{quote} It was quite a coincidence that FTMO banned US traders within days of publicly being name dropped by MFF in the MFF vs CFTC case.
They got requested by Metaquotes to remove US. Everyone is getting same treatment.
  • #30,289
  • Feb 13, 2024 11:23am Feb 13, 2024 11:23am
Quoting AaronPriest
The5ers ...
... claim it's because they have their own private equity fund with live accounts (no simulated or virtual environment--after the challenge/evaluation phase anyway) connected to their own liquidity providers and no 3rd party brokers. I hope so...

Could be so, certainly.

Basically, they genuinely fund people, and are not crooks and liars. LuxTradingFirm also: CFD’s but not crooks/liars, and genuinely, verifiably funding people who pass.

These companies may be safe (especially Lux, who use a TradingView white-label platform anyway). Hard to know for sure.


Quoting AaronPriest
FTMO is also all "virtual" and "simulated environment", so maybe that is why they couldn't continue accepting US traders.

Probably.

But it’s really almost impossible to see why anyone (US or not) with a functioning brain would actually want and choose to do a CFD funding evaluation rather than a futures one. Lol, any rustling noises you might hear in the background will likely be Mike Patak (Topstep) and Jim Thorpe (Tradeday) rubbing their hands with glee.
  • #30,290
  • Feb 13, 2024 11:25am Feb 13, 2024 11:25am
Quoting Nsak3y
{quote}-While I agree that no broker or prop firm should be fully-trusted, I can also understand the reluctance to bend a knee to over-reaching regulatory bodies that behave like the mafia and bully businesses for profit. I believe that people should have the right to choose where they invest their own, hard-earned money, and I do not believe that US regulators truly have our best interests at heart. They are regulating by enforcement, pushing their pay-to-play game, with no real intention on helping certain groups into compliance at all. Why will...
Right. They made people sign a waiver to get the covid shot. Let me sign a waiver to trade where I wish.
  • #30,291
  • Feb 13, 2024 11:27am Feb 13, 2024 11:27am
Quoting CableJ
{quote} Until we see something happening on that side to Apex &/or Topstep.... my viewpoint is that there is a reason why it's so quiet on the futures virtual casino side of the industry... they are promoting trading in US favored markets with US regulated brokers & exchanges getting a cut of the action.
Nahhhhh, in futures section all is real, sent to real markets. I swear. I read it in internet so it's true.

I believe, though, that futures props pay feeds to exchanges (even if not 100% of the accounts) so regulators may turn a blind eye.
  • #30,292
  • Feb 13, 2024 11:34am Feb 13, 2024 11:34am
  •  1hr
  • | Joined Jun 2022 | Status: Alive and Well | 120 Posts | Online Now
Quoting KarlKraus
{quote} But it’s really almost impossible to see why anyone (US or not) with a functioning brain would actually want and choose to do a CFD funding evaluation rather than a futures one. Lol, any rustling noises you might hear in the background will likely be Mike Patak (Topstep) and Jim Thorpe (Tradeday) rubbing their hands with glee.
Futures trading sucks!
Trailing drawdown, can't hold overnight so can't swing.
Limited forex options, it just sucks.

There is a reason cfd props are popular not these garbage apex or topstep futures.
People came along and ruined everything for USA residents just like online poker, ohh for our safety. It's all bullshit
  • #30,293
  • Feb 13, 2024 11:38am Feb 13, 2024 11:38am
Quoting CableJ
FTMO - US banned
MFF - CFTC takedown
Funded Next - US banned
TFT - ??????
TFF - Meta license pulled
Funding pips - US banned
that's pretty much 6 of the top 8 FX props... SMH.
-Meanwhile, I have not heard much coming from smaller props like Ment Funding and Traders With Edge. Looks like Ment has 2M allocation and TWE 3M allocation. I wonder if these firms are silently growing in the background. I cannot tell if these firms are offering Meta still. Looks like TWE might be. Here is Ment's FAQ on platforms:

Quote
What Platform can I trade on?
Our risk management technology is currently integrated with the platforms we provide, which you will be able to download in the back office. These platforms, along with pricing and execution are provided by our Broker.
-Seems intentionally ambiguous, so I suspect that it may be Meta, also.
  • #30,294
  • Feb 13, 2024 11:39am Feb 13, 2024 11:39am
Quoting KarlKraus
{quote} Could be so, certainly. Basically, they genuinely fund people, and are not crooks and liars. LuxTradingFirm also: CFD’s but not crooks/liars, and genuinely, verifiably funding people who pass. These companies may be safe (especially Lux, who use a TradingView white-label platform anyway). Hard to know for sure. {quote} Probably. But it’s really almost impossible to see why anyone (US or not) with a functioning brain would actually want and choose to do a CFD funding evaluation rather than a futures one. Lol, any rustling noises you might...
Can you point me to the funded lux accounts, how i can verify them please.
  • #30,295
  • Feb 13, 2024 11:41am Feb 13, 2024 11:41am
Quoting Capablanca
{quote} Nahhhhh, in futures section all is real, sent to real markets.

I don't know about "all" but as always, the point you're missing is that with futures whether or not it's real/live is easily verifiable, and objective, and factual. That's what happens when there's a centralized exchange: everything is verifiable and transparent and therefore honest.
  • #30,296
  • Feb 13, 2024 11:41am Feb 13, 2024 11:41am
Quoting 1hr
{quote} Futures trading sucks! Trailing drawdown, can't hold overnight so can't swing. Limited forex options, it just sucks. There is a reason cfd props are popular not these garbage apex or topstep futures. People came along and ruined everything for USA residents just like online poker, ohh for our safety. It's all bullshit
Yep, for our safety. As we speak I am trading the audusd on my amp futures account with 273:1 leverage. Kinda dangerous, don't ya think?
Why is it OK?....I'll let the answers pile in.
  • #30,297
  • Feb 13, 2024 11:43am Feb 13, 2024 11:43am
Quoting Nsak3y
{quote}-Meanwhile, I have not heard much coming from smaller props like Ment Funding and Traders With Edge. Looks like Ment has 2M allocation and TWE 3M allocation. I wonder if these firms are silently growing in the background. I cannot tell if these firms are offering Meta still. Looks like TWE might be. Here is Ment's FAQ on platforms: {quote}-Seems intentionally ambiguous, so I suspect that it may be Meta, also.
and how is this FundingTraders able to continue in US as well?
  • #30,298
  • Feb 13, 2024 11:46am Feb 13, 2024 11:46am
Quoting pipmaster77
{quote} and how is this FundingTraders able to continue in US as well?
Maybe they are like lux and use cue banks tradelocker and claim its tradingview.
  • #30,299
  • Feb 13, 2024 11:50am Feb 13, 2024 11:50am
Quoting KarlKraus
{quote} I don't know about "all" but as always, the point you're missing is that with futures whether or not it's real/live is easily verifiable, and objective, and factual. That's what happens when there's a centralized exchange: everything is verifiable and transparent and therefore honest.
Finally we agree: it's verifiable. And just that.

Which doesn't mean that top step and others send it to the market (they don't, in general, I know it personally).
  • #30,300
  • Feb 13, 2024 11:52am Feb 13, 2024 11:52am
Quoting Takisd
{quote} Maybe they are like lux and use cue banks tradelocker and claim its tradingview.
I dont see how any are claiming to be exempt because grandfather yada yada...

If they are promoting CFD products, the axe will swing their way as with all the others.
Trade with confidence, trade without fear.
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