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  • #32,961
  • Mar 11, 2024 1:27pm Mar 11, 2024 1:27pm
Quoting Lorenzzzzzo
{quote} Hey hey, I have to admit, I do not know the5ers, but FTMO is legit I think. They are not ponzi prop trading firm like most of other "prop firms" on the market... If you pass their challenge and if you earn money, the FTMO will send you all your money and this is what matters the most these days, right? They are so big nowadays that there is no need to manipulate market by them, I think... What others do you think about FTMO?
They are no different to the rest but they manage it better.

Also retail traders suck.
  • #32,962
  • Mar 11, 2024 1:47pm Mar 11, 2024 1:47pm
Quoting Takisd
{quote} They are no different to the rest but they manage it better. Also retail traders suck.
Agreed, they still do the "we win when you when" shuffle but we all know its complete BS. I too was a receiver of the "lot size" warning letter at one point. Even tho I never used more then 1/4 of available margin.

I shuttered the account when they said my only option is DX. It was a good run.
Trade with confidence, trade without fear.
  • #32,963
  • Mar 11, 2024 1:50pm Mar 11, 2024 1:50pm
Quoting Cryptosurf
Yeah its not a FX bucketshop. .../... I know some of the other brokers (that have their own platform) covered client losses.
-That's good to know. Thanks.

I thought that I had read somewhere that AMP Global offers negative balance protection for CFD's, but I guess that is not applicable to US traders.
  • #32,964
  • Mar 11, 2024 1:52pm Mar 11, 2024 1:52pm
Quoting Cryptosurf
{quote} Agreed, they still do the "we win when you when" shuffle but we all know its complete BS. I too was a receiver of the "lot size" warning letter at one point. Even tho I never used more then 1/4 of available margin. I shuttered the account when they said my only option is DX. It was a good run.
You really like DX more comparing to MT?
  • #32,965
  • Mar 11, 2024 1:57pm Mar 11, 2024 1:57pm
Quoting Nsak3y
{quote}-That's good to know. Thanks. I thought that I had read somewhere that AMP Global offers negative balance protection for CFD's, but I guess that is not applicable to US traders.
Amp Global is no more.

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If i wanted a firm with neg balance protection then I would go with the big ones, TD Direct, Schwab, etc
Trade with confidence, trade without fear.
  • #32,966
  • Mar 11, 2024 2:30pm Mar 11, 2024 2:30pm
Quoting Xtronex
{quote} OK you are having prices same as me, could anybody else contribute to this who are on 5ers?
'

My 5ers MT5 had the same low.
  • #32,967
  • Mar 11, 2024 3:31pm Mar 11, 2024 3:31pm
Quoting Cryptosurf
{quote} Amp Global is no more. {image} If i wanted a firm with neg balance protection then I would go with the big ones, TD Direct, Schwab, etc
Whoa
A snails pace wins the race :-)
  • #32,968
  • Mar 11, 2024 3:48pm Mar 11, 2024 3:48pm
Quoting Cryptosurf
Amp Global is no more.
-Let us hope that AMP futures will not follow suit.
  • #32,969
  • Mar 11, 2024 3:49pm Mar 11, 2024 3:49pm
NAS is being stubborn today.
  • #32,970
  • Mar 11, 2024 4:19pm Mar 11, 2024 4:19pm
Quoting Nsak3y
{quote}-Let us hope that AMP futures will not follow suit.
They just renouncing their cysec license
Meanwhile Webull will launch futures trading too globally
https://www.financemagnates.com/fore...ities-trading/
  • #32,971
  • Mar 11, 2024 5:11pm Mar 11, 2024 5:11pm
Quoting Cryptosurf
{quote} Amp Global is no more. {image} If i wanted a firm with neg balance protection then I would go with the big ones, TD Direct, Schwab, etc
Hi Cryptosurf,

What does this mean? Does this only apply to their forex business or their futures business also?
  • #32,972
  • Mar 11, 2024 6:35pm Mar 11, 2024 6:35pm
Quoting JustPipMe
{quote} Whoa
Quoting Nsak3y
{quote}-Let us hope that AMP futures will not follow suit.
Quoting acetrader
{quote} Hi Cryptosurf, What does this mean? Does this only apply to their forex business or their futures business also?
Its nothing to get worked up over. From what I know the Global unit chasing the international (ETF+FX+CFD's) market was more of a headache then it is was worth. Everchanging regulatory framework, etc. AMP Futures was always their core business. The announcement about AMP global was made mid 2023.
Trade with confidence, trade without fear.
  • #32,973
  • Mar 11, 2024 7:03pm Mar 11, 2024 7:03pm
Quoting Zuke
Anybody had their MFFx new details yet?
yes on Friday i think.that was for ctrader.
  • #32,974
  • Mar 11, 2024 7:17pm Mar 11, 2024 7:17pm
AMP Futures had been around since 2010. If i recall, their push into Europe was in mid 2019. It only had only one platform (MT5) for international clients and it was fraught with problems.

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Trade with confidence, trade without fear.
  • #32,975
  • Mar 11, 2024 8:29pm Mar 11, 2024 8:29pm
Quoting Cryptosurf
{quote} {quote} {quote} Its nothing to get worked up over. From what I know the Global unit chasing the international (ETF+FX+CFD's) market was more of a headache then it is was worth. Everchanging regulatory framework, etc. AMP Futures was always their core business. The announcement about AMP global was made mid 2023.
Cryptosurf,

Thank you for that. I never realized AMP had a forex division. Learn something everyday.
  • #32,976
  • Mar 11, 2024 11:19pm Mar 11, 2024 11:19pm
Quoting rizla101
{quote} yes on Friday i think.that was for ctrader.
Thanks…. I got mine for Match trader but there is no link to download the platform! Looking on Discord and Twitter it seems I’m not the only one having this issue.
  • #32,977
  • Mar 11, 2024 11:27pm Mar 11, 2024 11:27pm
Quoting Zuke
{quote} Thanks…. I got mine for Match trader but there is no link to download the platform! Looking on Discord and Twitter it seems I’m not the only one having this issue.
go to
https://match.myfundedfx.com/login
  • #32,978
  • Mar 12, 2024 2:17am Mar 12, 2024 2:17am
Quoting Lorenzzzzzo
{quote} Hey hey, I have to admit, I do not know the5ers, but FTMO is legit I think. They are not ponzi prop trading firm like most of other "prop firms" on the market... If you pass their challenge and if you earn money, the FTMO will send you all your money and this is what matters the most these days, right? They are so big nowadays that there is no need to manipulate market by them, I think... What others do you think about FTMO?
FTMO CEO said 80% from fees 20% from copying. I don't believe they make 20% copying traders like they claim unless they have some broker-level risk management operation going on where they are hedging net exposure i.e. if there's 10,000 lots net long on gold, they may also take real long positions to reduce the exposure.

Their recent rule changes / gambling polices / T&C changes (that give them scope not to pay, to remove trades etc) imply they're were / are getting hammered by toxic traffic, much like the rest of the industry: https://ftmo.com/en/gambling-is-not-...to-make-money/

This nearly all comes from MT4/5 so with them being one of the few firms to retain those platforms will likely absorb all the toxic traffic.
  • #32,979
  • Mar 12, 2024 3:56am Mar 12, 2024 3:56am
Saw in twitter (Skiled Funds Traders)

"operational delay" they say.
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  • #32,980
  • Mar 12, 2024 4:00am Mar 12, 2024 4:00am
In the meantime I received the payout from FXIFY but not without having to cry over support to get paid after more than 48 hours without anything happening. They changed to Rise but it seems the disorganization is the same.

From Blue not a word, despite multiple contacts. Always "checking" and "processing". I guess they may be struggling financially (and my payout is just 3K nothing huge)
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