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  • #43,541
  • Edited 9:18pm Oct 22, 2024 8:58pm | Edited 9:18pm
Quoting Nsak3y
{quote}-On paper, yes. It certainly should be. In reality, though, most of the feedback seems to indicate that traders are spoiled children. We will have to see if the Apex offerings are still good enough to keep them popular.
Well, for the 20 account crowd, you can still pull 10K in 8 days now as opposed to 40K in 30 (with request windows and approvals , etc)...........now you can still pull 30K in 24 trading days (about 5 weeks).
Once again, folks with a brain, that take the time to analyze things, should see this as overall positive.
Actually, stand corrected, 10K the first 8 days, but if you hit the 2K per account in the next 2 cycles, you can pull 40K in another 8 and another 40K in another 8....this is actually better on every level now.
They have eliminated all of the rules, are paying every 8 days within 48 hours and are only asking for an additional $1,500 buffer in exchange.
  • #43,542
  • Oct 22, 2024 9:42pm Oct 22, 2024 9:42pm
Quoting pipmaster77
{quote} Yes, just had the time to watch some of the videos.....doesn't really impact me either. Even if starting new though, you can still pull $500 out of the buffer zone. I believe max withdrawal is still 2K even if you take it to over $54,100........basically they are requiring you to leave 52,100 instead of 50,600 (on a 50K). The DCA never really affected me either as I never do more than one additional at a time and always with a much tighter stop than normal on the additional. I see this as beneficial to the longevity of Apex.
It depends compare Apex with FTMO, initial days before MyFF fiasco they used to pay big payouts.
It all depends on new signups. If signups reduced it doesn't add any longevity.
  • #43,543
  • Oct 22, 2024 10:39pm Oct 22, 2024 10:39pm
Quoting maltrader
{quote} If you keep approaching your DD, they'll probably put you on a very restrictive leverage.
I'm using around 1:1 to 1:3 leverage, so they can go ahead and restrict their 1:30 leverage all they want.
  • #43,544
  • Oct 22, 2024 11:54pm Oct 22, 2024 11:54pm
Quoting pipmaster77
So considering getting 3 starter from MFFU, can pull 6K per before moving to live. I am chatting now and cannot get clarification if you actually get 7.5K live at that point (2.5*3) as they claim you only get one live account, the others thast you have passed sit dormant in case you blow the live..... {image} They haven't thought far enough ahead of what happens at live, probably don't expect many to get there????
Clearly English isn't the chat person's native tongue and I doubt he/she/it really knows what happens
Pride always comes before destruction.... -Proverbs 16:18
  • #43,545
  • Oct 23, 2024 12:51am Oct 23, 2024 12:51am
Quoting sampat
{quote} It depends compare Apex with FTMO, initial days before MyFF fiasco they used to pay big payouts. It all depends on new signups. If signups reduced it doesn't add any longevity.
Thats my point as well... They are popular coz of their payouts and easier to to get 2k out of 50k account. Coz the longer the time period higher the chance of blowing up ....
Now they have become average like elitetradefunding (it have similar offering with cheaper challenge price )
Apex 3.0 supposed to be Intra trailing to EOD drawdown.... Now all the firms gives EOD with cheaper price
Extreme gut feeling trader
  • #43,546
  • Oct 23, 2024 1:10am Oct 23, 2024 1:10am
Quoting HengkiTjen
{quote} how you dispute Funded Engineer ? they owed me payout could you please me me how thanks sir
The dispute was about the challenge that I paid. I charged it back in my bank saying that they went bankrupt.
  • #43,547
  • Oct 23, 2024 2:57am Oct 23, 2024 2:57am
https://www.financemagnates.com/fore...-warning-list/

Two Prop Firms and ThinkMarkets Added to India's Central Bank Warning List

Wednesday, 23/10/2024 | 09:11 GMT+2 by Damian Chmiel

  1. The prop trading companies mentioned are FundedNext and Smart Prop Trader.
  2. According to the central bank, these entities lack authorization to offer FX trading in the country


https://m.rbi.org.in//scripts/bs_vie...t.aspx?Id=4235

  • #43,548
  • Oct 23, 2024 3:48am Oct 23, 2024 3:48am
Quoting TrAndy1
https://www.financemagnates.com/fore...-warning-list/ Two Prop Firms and ThinkMarkets Added to India's Central Bank Warning List Wednesday, 23/10/2024 | 09:11 GMT+2 by Damian Chmiel The prop trading companies mentioned are FundedNext and Smart Prop Trader. According to the central bank, these entities lack authorization to offer FX trading in the country https://m.rbi.org.in//scripts/bs_vie...t.aspx?Id=4235...
All they do is publish a long list of entities that aren't allowed to operate in their country and that's it?
  • #43,549
  • Edited 5:15am Oct 23, 2024 4:35am | Edited 5:15am
Breaking news...CME will regulate Futures props in Q1 2025 likely, with how much accounts needed to be live. See below...
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Anyone here got his payout request denied by FTT recently ?
  • #43,550
  • Oct 23, 2024 5:59am Oct 23, 2024 5:59am
Quoting TrAndy1
Breaking news...CME will regulate Futures props in Q1 2025 likely, with how much accounts needed to be live. See below... {image} https://www.youtube.com/watch?v=nBe9byGdC-k Anyone here got his payout request denied by FTT recently ?
This breaking news that CME will regulate futures props comes from the clown at FTT?
Now that's funny......he is such a reliable, trusted source.
If the CME delivers on their promises as quickly as he does, we can expect regs in maybe 2034???
  • #43,551
  • Oct 23, 2024 6:07am Oct 23, 2024 6:07am
Quoting pipmaster77
{quote} This breaking news that CME will regulate futures props comes from the clown at FTT? Now that's funny......he is such a reliable, trusted source. If the CME delivers on their promises as quickly as he does, we can expect regs in maybe 2034???
Andy only has reliable sources ..
  • #43,552
  • Edited 7:02am Oct 23, 2024 6:15am | Edited 7:02am
Quoting pipmaster77
{quote} This breaking news that CME will regulate futures props comes from the clown at FTT? Now that's funny......he is such a reliable, trusted source. If the CME delivers on their promises as quickly as he does, we can expect regs in maybe 2034???
Sure, but he might have insider news since he is a futures prop with lots of attention recently. So he might be contacted from regulatory bodies of CME I think recently.
I would not be surprised if the CME decides that live accounts are forced to pay professional data fees since this would be earnings for the CME, and they are greedy too.
If they then decide that 51% of revenues must come from live accounts trade copying then the whole futures props arena switches the side. To the side of the traders.
  • #43,553
  • Oct 23, 2024 7:00am Oct 23, 2024 7:00am
Quoting TrAndy1
{quote} Sure, but he might have insider news since he is a futures prop with lots of attention recently. So he might be contacted from regulatory bodies I think recently.
I think he is just full of shit, as he is on virtually everything that comes out of his mouth.
  • #43,554
  • Oct 23, 2024 7:17am Oct 23, 2024 7:17am
CME isn't a regulator.
  • #43,555
  • Oct 23, 2024 7:21am Oct 23, 2024 7:21am
BREAKING NEWS

If spreads get narrowed down there is much less need to use any CFD offshore broker from the US trader perspective. Should be good news here.

"From March 2025, CME Group will launch CME FX Spot+, a new tradable spot FX instrument, leveraging the liquidity of CME FX Link to aggregate OTC spot FX and FX futures.

CME FX Spot+ will enable spot FX market participants to leverage CME FX futures liquidity through an open, transparent book of central limits, while providing FX futures users with broader access to OTC liquidity. This unique liquidity link will be made possible through implicit matching through the CME FX Link, a liquidable spread between OTC spot FX and FX Futures.

FX Spot+ products will be available for the following currency pairs: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY, USD/CAD, USD/CHF and USD/MXN.
All FX Spot+ products will be available in the New Release environment for customer testing on Monday 11 November."

https://onepropfirms.com/cme-group-t...h-cme-fx-spot/
https://www.cmegroup.com/markets/fx/...spot-plus.html
  • #43,556
  • Oct 23, 2024 7:35am Oct 23, 2024 7:35am
Quoting Takisd
CME isn't a regulator.
lol, was thinking that myself as I was typing how full of shit that FTT clown is. He's in the know for sure, a non- regulator gonna regulate the space.
  • #43,557
  • Oct 23, 2024 7:37am Oct 23, 2024 7:37am
Quoting TrAndy1
BREAKING NEWS If spreads get narrowed down there is much less need to use any CFD offshore broker from the US trader perspective. Should be good news here. "From March 2025, CME Group will launch CME FX Spot+, a new tradable spot FX instrument, leveraging the liquidity of CME FX Link to aggregate OTC spot FX and FX futures. CME FX Spot+ will enable spot FX market participants to leverage CME FX futures liquidity through an open, transparent book of central limits, while providing FX futures users with broader access to OTC liquidity. This unique...
I'm sure the US CFTC regulated brokers will find another avenue to rip off their customers. However, if there are some transparent offerings from some reputable providers......for sure, this is a good thing.
  • #43,558
  • Oct 23, 2024 7:41am Oct 23, 2024 7:41am
Quoting Takisd
CME isn't a regulator.
I know what you mean, but they do to a point. They can shut the door on sketchy participants.
Market Regulation - CME Group
Market Regulation: Meet the Team - CME Group

Now if it involves possible criminal activity then for sure CFTC will get involved.
Trade with confidence, trade without fear.
  • #43,559
  • Edited 8:02am Oct 23, 2024 7:45am | Edited 8:02am
Quoting pipmaster77
{quote} lol, was thinking that myself as I was typing how full of shit that FTT clown is. He's in the know for sure, a non- regulator gonna regulate the space.
Looks grim for FTT, cryptic Discord post followed by him locking down his X account. People are enraged...

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Edit: CME will take action before CFTC, so what Scott stated is not to far off. They do and have always made rule changes on what can be done on the exchange. If there is possible criminal activity then they will engage CFTC in coordination.
Trade with confidence, trade without fear.
  • #43,560
  • Edited 8:33am Oct 23, 2024 8:05am | Edited 8:33am
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