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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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The "good" thing in UE is that there are about 30 guys, each one thinking his/her own way and maybe ESMA will take time until articulate everything.
Quoting Capablanca
The "good" thing in UE is that there are about 30 guys, each one thinking his/her own way and maybe ESMA will take time until articulate everything.
I believe the ESMA has made their position already its about enforcement now. To me this is why FTMO are doing the broker. They know something and instead of just saying what it is they make vague strange statements.

FTMO won't be a competitive broker but they likely need to be one to be a prop.
Of all prop firm discords I joined since I discovered prop firms in 2021, only bespoke muted me, I still wanna give benefit of the doubt and although most people are shit talking about them, I still think they are genuine and aren't shady. But I just asked in their discord server if there are updates about Sandy who viraled in twitter because he didnt get his payouts, the next morning I check if they replied, but they banned me instead.
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Quoting KoyaAndy18
Of all prop firm discords I joined since I discovered prop firms in 2021, only bespoke muted me, I still wanna give benefit of the doubt and although most people are shit talking about them, I still think they are genuine and aren't shady. But I just asked in their discord server if there are updates about Sandy who viraled in twitter because he didnt get his payouts, the next morning I check if they replied, but they banned me instead. {image}
Bespoke are proven scammers. Plenty of denied payouts and people with breach contracts when they are profitable. We had here TrAndy who was banned from their services after several payouts, for no reason. And there are many identical cases like him.
Quoting Takisd
{quote} Yes but they could jeopardize their license due to various factors. One factor for example is that the prop firm doesn't do KYC upfront nor comply with various AML/CTF requirements that a broker does. Personally, I am failing to see how a prop fits into the frame work, but I am not up to date since 2014 on the newer rules so there could be some things. The most clear is Australia, it is with certainty the prop firm requires a license there and they have said so as well. The other jurisdictions are far less clear and their framework doesn't...
Thanks for this response, that cleared some things up for me. It's good to have someone with such knowledge here.
Quoting Nsak3y
{quote}-Yes. I remember him talking about that. And although I try to approach these things with an objective, open mind, understanding that there are always multiple sides to every story, and that some of these companies may say one thing while actually doing another etc., I also see certain, highly-questionable actions carried out by various regulatory groups that cannot simply be misinterpreted as something else.
There's been a spreading disease within the federal bureaucracy for years. The disease is racking up results as convictions. Just look at the FBI, they rack up more convictions via process crimes then the underlying crime. So if they cant get you on the underlying crime, they will get you to say the the sky is blue then charge you with lying because the time of day was at night.

To them the scorecard is all that matters.
Trade with confidence, trade without fear.
Quoting hayseed
{quote} //------ will do..... they already took the money out of the paapex accounts...... so i'm in the clear trading them now..... have a slight advantage over you recently...... i'm working these texas storms around dallas, so sitting in my truck 20 hours a day with nothing to do...... that was really why i signed up for those 250k accounts..... just something to do..... should have a few finished by next week...... in no hurry...... can't use'em anyway...... mgcm24 is kinda green, like you said.....h //-
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have you ever clicked on a link out of boredom and end up wishing you had not........

oanda has a prop firm agenda....

the list of approved countries looks like the worlds data annual income list in inverse order...... and some of the 'approved countries' don't even make the list......

oh sure, they threw in a sprinkling of more fortunate countries.....

oanda....... you don't need money that bad.......h
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to trade and code, keep both simple... no call to impress....h
https://x.com/AAANNTOONNN/status/1799106681596764631

A guy saying that yesterday he was banned from Alpha for group trading. He says he doesn't use VPN or VPS. Initially he suspected that this could be because he has account linked in myfxbook, because several other traders banned also had that. However, he concluded that the problem was not that because several others don't have myfxbook. The problem doesn't seem to be in payouts as he was not receiving regular payouts. He can't find a reason (if his claim is legit, of course, we never know).

What we can see is that there was an enormous amount of 1 start claims in TP since yesterday. It's really brutal.
https://www.trustpilot.com/review/al...oup.uk?stars=1

If this was a group caught cheating it's not unusual to have a sudden flood of claims in TP, but better to be cautious with Alpha. There's also another person in twitter saying that they updated servers and this could also have lead to false flag. I'm not taking sides but let's follow this.
Quoting Capablanca
https://x.com/AAANNTOONNN/status/1799106681596764631 A guy saying that yesterday he was banned from Alpha for group trading. He says he doesn't use VPN or VPS. Initially he suspected that this could be because he has account linked in myfxbook, because several other traders banned also had that. However, he concluded that the problem was not that because several others don't have myfxbook. The problem doesn't seem to be in payouts as he was not receiving regular payouts. He can't find a reason (if his claim is legit, of course, we never...
These CIDs (for cell phones) are not as unique as these prop firm IT "experts" think they are. Sometimes they are the station itself, which many people can be on if they are in a large enough city or area code. https://en.wikipedia.org/wiki/GSM_Cell_ID
Hi folks is take how long get stimulated funded account from ftmo?
I passed challenge last Friday
GeeZ this firm need 4x challenge to get funded seem like they magic is strong
Quoting KoyaAndy18
OI still think they are genuine and aren't shady.
-Due to the current structure of the remote prop model, as well as the competitive environment in which these firms operate in, eventual insolvency may be inevitable for ALL firms, no matter how honest they truly are. As such, avail of the opportunity while it lasts and do not depend on any one firm. Mitigate risks accordingly.
Quoting Takisd
My position is that using existing framework is not well thought out if you actually want to regulate this specific market place. But with bureaucrats its the likely pathway and that means that most props will be significantly offshore with no protections.
-That about sums it up.
Warning: If you have a fear of clowns scroll on by
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Pride always comes before destruction.... -Proverbs 16:18
Quoting Expo33
Warning: If you have a fear of clowns scroll on by
-The guy looks like he has some bodies hidden somewhere. This space seems to attract a certain type.
Quoting Nsak3y
{quote}-The guy looks like he has some bodies hidden somewhere. This space seems to attract a certain type.
It looks like there are kids in his basement.
Quoting hayseed
{quote} //------ have you ever clicked on a link out of boredom and end up wishing you had not........ oanda has a prop firm agenda.... the list of approved countries looks like the worlds data annual income list in inverse order...... and some of the 'approved countries' don't even make the list...... oh sure, they threw in a sprinkling of more fortunate countries..... oanda....... you don't need money that bad.......h //------ {image} //----- {image}
Lucky 888 challenge. I guess China is on their list.
Quoting Takisd
{quote} Lucky 888 challenge. I guess China is on their list.

all Asian background love gambling
is in our vain lol
Quoting HengkiTjen
{quote} all Asian background love gambling is in our vain lol
Right but isn't 888 china specific?
Quoting Takisd
{quote} Right but isn't 888 china specific?
888 Can be fafafafa
Meaning wealthy wealthy wealthy
Saw this in Quantower's release notes. Looks like another Futures prop with a $2 website. Up to 15 accounts.

Quote
1.139.6 Beta
May 18, 2024
Upropfirm

Added new "Upropfirm" connection.
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