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Anyone trading with a Prop firm 6 replies

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Prop Firm Hub

Quoting TrAndy1
{quote} Do you have any source of that ?
They are all doing it. I'm not sure why anyone, including these "CEOs" believe they are going to find the ONE broker that is going to slip under the radar.
The GODS of the CFTC have spoken....that's all she wrote.
Quoting pipmaster77
{quote} They are all doing it. I'm not sure why anyone, including these "CEOs" believe they are going to find the ONE broker that is going to slip under the radar. The GODS of the CFTC have spoken....that's all she wrote.
As shitty as it sounds, if I was one of these guys owning a prop in the US.....they have probably made plenty of money...........I'm out, take my fortune, never to return to the US again. If I'm thinking this way, how are these scam artists not thinking this way?
Are they waiting until their assets get frozen as well?
Quoting TrAndy1
The opposite list of prop firms which do not allow US residents is short: FTMO, Audacity, FP, TFF, FE and 5ers. I think these props are more trustworthy as they have things sorted out already, when they are finished.
Is FP funding pips? Any idea on how long it usually takes for prop firms to gind alternative providers after their initial trouble with Meta Quotes? Funding pips went out last week while I was in the middle of a great challenge run.
Quoting pipmaster77
{quote} As shitty as it sounds, if I was one of these guys owning a prop in the US.....they have probably made plenty of money...........I'm out, take my fortune, never to return to the US again. If I'm thinking this way, how are these scam artists not thinking this way? Are they waiting until their assets get frozen as well?
These people cannot trade. And if a prop is only 1 or 2 years old, it means you need to do 100% or 50% per anno return to compensate any exit of the prop firm. So I think this prevents many from an exit. Buyandhold return on equity markets is around 7% to 10% per annum.
Quoting TrAndy1
{quote} Do you have any source of that ?
Yes but if I share the screenshot it will dox them. But give it a few hours, it will be all over twitter.
Also FP should not be in the trustworthy pile.
Quoting Mitiblotch
{quote} Is FP funding pips? Any idea on how long it usually takes for prop firms to gind alternative providers after their initial trouble with Meta Quotes? Funding pips went out last week while I was in the middle of a great challenge run.
yes Funding Pips = FP. Should be back in a few days or weeks. They recently announced many new platforms. And I do not trust them really.
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Quoting pipmaster77
{quote}Matter of fact, this US ban on props is actually good for the non profitable. Although I'm sure they will find another avenue to throw their money away.

Confirmed!
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MT4 and 5 are gone from the US.

The new normal is going to be alternative platforms. Should see this as a positive as MT4 and 5 are dogshit.
So all of these firms switching to DXTrade..........what broker are they using?
Quoting pipmaster77
So all of these firms switching to DXTrade..........what broker are they using?
TFT and E8 I have seen Voyage markets with DX Trade. It can be only a matter of time, some weeks maybe months until these platforms also get banned for US.
Bespoke stopped services to US. As they have reliance on TM, they may face challenges in terms of migrating existing accounts. Need to see how they will solve it.
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Quoting Stoneyrocks
{quote} reliable according to your experience ?
Never used it. I saw it on their website and thought I would share.
Quoting TrAndy1
{quote} TFT and E8 I have seen Voyage markets with DX Trade. It can be only a matter of time, some weeks maybe months until these platforms also get banned for US.
Hi TrAndy1,

Thank you for sharing your, views & comments. Just had a chat with Alpha Capital Group & one of their reps advise in two-to-four-weeks MT 5 will be replaced with DXTrade. So, no more MT5 there. So, I have three questions for you & anyone else that wants to weight in. 1. Will all FX & Futures Brokers be dropping MT4 & 5 charts or is this only specific to prop firms only? 2. Why would it be best to onboard with E8 Market at this time. Want they be out of reach for USA trader soon? 3. In your view is it best for USA traders to now focus on trading only with Futures Prop firms?

I am currently trading a futures account with my own money & would much rather be in the forex arena again but have adapted by trading skills to the future market. Thank you for your response.
Forex Capital Funds [FCF] restricted new purachses by US customers.
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Funded Trading Plus restricted US clients [new purchases]
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If prop firms are switching to DXTrade what makes CFTC to not go after them like MetaQuotes?
Quoting acetrader
{quote} Hi TrAndy1, Thank you for sharing your, views & comments. Just had a chat with Alpha Capital Group & one of their reps advise in two-to-four-weeks MT 5 will be replaced with DXTrade. So, no more MT5 there. So, I have three questions for you & anyone else that wants to weight in. 1. Will all FX & Futures Brokers be dropping MT4 & 5 charts or is this only specific to prop firms only? 2. Why would it be best to onboard with E8 Market at this time. Want they be out of reach for USA trader soon? 3. In your view is it best for USA traders to now...
1. No I do not think so.
2. E8 is fast in its processes, so best chances to continue without any interruption here, until all platforms for US are banned, which is actually not the case.
3. Yeah, Futures props firms are the future for US residents anyway. It makes sense to focus on that. But trailing DD is difficult to master.
Quoting woody70
{quote} Agreed, this is why I have no desire to join futures because I don't think I can win with the trailing drawdown.
TickTick Trader has EOD draw down.

https://tickticktrader.com/
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