Attachments: Prop Firm Hub 2.0

Prop Firm Hub 2.0

#3,361
Dec 4, 2025 11:27am Dec 4, 2025 11:27am

TU2023
| Joined Oct 2023 | Status: Trader | 88 Posts

Futures Prop firm are way superior than these CFD Forex firms (5er, ftmo, etc)

#3,362
Dec 4, 2025 11:34am Dec 4, 2025 11:34am

youngD
| Joined Oct 2014 | Status: Trader | 247 Posts

Quoting sampat

Disliked

{quote} Thats pretty common practice. 5ers and FTMO also do same things.

Ignored

There is a difference, the5ers and Ftmo are doing this if someone is Yoloing accounts i believe, this is only my opinion. For example i trade same sizes my all 10k accounts, around 2-3 lots NQ mostly Gold up to 0.2 lots, never had any problem with the5ers or FTMO, Maven and Goat did it with my first live accounts. Even Alpha is ok, because they state clearly this in FAQ and they got 40$ 10k challenges since summer all the time so i accepted they will reduce my lot to 2.5 which is ok for 10k account.

#3,363
Dec 4, 2025 3:01pm Dec 4, 2025 3:01pm

CanIMakeCash
| Joined Feb 2021 | Status: Trader | 64 Posts

Quoting FraterRedox

Disliked

See, kids, Monty is a Wikipedia-worthy example of first-world problems. I want those, too.

Ignored

It's not first world problems, it's real world problems, especially if the profits have been spent already and now the tax man want's it's share! Don't fool around with the tax collector or else...

#3,364
Edited 8:57pm Dec 4, 2025 7:21pm | Edited 8:57pm

montygoldy
Joined May 2017 | Status: Intermediate Trader | 6,412 Posts

The point is its not like i was making huge sums of money every year… its my ”breakout year…. I am discussing all the things related to prop trading, issues and taxes as well….

there will be a time when all of us already experienced those or going to experience those…

so need to mindful of those….

taxes are the whole purpose why people leaving the country at the all time rate…

just to give an perpective my physical job salary has deduction of close to 40% taxes…. Thats 40% can be a yearly salary for regular person which is crazy…

Extreme gut feeling trader

#3,365
Edited 9:17pm Dec 4, 2025 8:20pm | Edited 9:17pm

CableJ
Joined Sep 2021 | Status: Trader | 898 Posts

Taxes is one of the main reasons live with futures props for US citizens is a really bad deal unless it's one of the few props that actually puts their money on the line (ex. MFFU & Lucid)

giving up 10-20% cut to prop + another 10-15% extra in taxes makes no damn sense... lf Lanto is from the US he cost himself damn near 300-400K between TPT's 10% cut & extra earned income tax rates from the highest bracket.

#3,366
Dec 4, 2025 8:56pm Dec 4, 2025 8:56pm

maltrader
| Joined Sep 2023 | Status: Trader | 486 Posts

@montygoldy
Did you ever get paid by legends trading?

#3,367
Dec 5, 2025 1:34am Dec 5, 2025 1:34am

montygoldy
Joined May 2017 | Status: Intermediate Trader | 6,412 Posts

Quoting maltrader

Disliked

@montygoldy Did you ever get paid by legends trading?

Ignored

Nope blew funded accounts before getting to payout.....

Extreme gut feeling trader

#3,368
Dec 5, 2025 5:53am Dec 5, 2025 5:53am

CanIMakeCash
| Joined Feb 2021 | Status: Trader | 64 Posts

Quoting montygoldy

Disliked

The point is its not like i was making huge sums of money every year… its my ”breakout year…. I am discussing all the things related to prop trading, issues and taxes as well…. there will be a time when all of us already experienced those or going to experience those… so need to mindful of those…. taxes are the whole purpose why people leaving the country at the all time rate… just to give an perpective my physical job salary has deduction of close to 40% taxes…. Thats 40% can be a yearly salary for regular person which is crazy…

Ignored

In my country it's the same, progressive taxes are applied to your income. I am currently in the bracket of 11% social security (flat rate to everybody, from the poor to the the mega-rich), and on top of that I also have 38% on income tax. Total taxes are 49% of my yearly income. With health and education deductions, I get to around 41% real tax. Mind we are talking about Portugal which has one of the lowest minimum wage in all of the EU. It's just crazy, when you consider my yearly income is around 60k, married with 2 kids. What's the purpose of working? Makes you think about the whole system.

#3,369
Dec 5, 2025 6:03am Dec 5, 2025 6:03am

CanIMakeCash
| Joined Feb 2021 | Status: Trader | 64 Posts

What I did to avoid a very high taxation regarding the profits from my trading, was to open a WY C-Corp company, open a bank account with a debit card and open a IB trading account in the company name. All trading funds I use belong to the company, and MT4 is run of a VPS hosted in the US, I have all the paperwork in place in case of any inspection from our tax office. I have no salary whatsoever, I use the debit card for expenses related to trading (vps hosting, accounting and general services I can have legit justification with the company). Yearly, I take part of the profits generated and wire them to my local bank account and I declare these profits as participation in the profits of a foreign company - by doing so, instead of being added to my regular income and paying the usual income tax, they are taxed at a flat rate of 28%. It's not a perfect solution but at least it's legal and better balanced.

#3,370
Dec 5, 2025 9:35am Dec 5, 2025 9:35am

Novazor
| Joined Mar 2024 | Status: Trader | 420 Posts

Quoting CanIMakeCash

Disliked

What I did to avoid a very high taxation regarding the profits from my trading, was to open a WY C-Corp company, open a bank account with a debit card and open a IB trading account in the company name. All trading funds I use belong to the company, and MT4 is run of a VPS hosted in the US, I have all the paperwork in place in case of any inspection from our tax office. I have no salary whatsoever, I use the debit card for expenses related to trading (vps hosting, accounting and general services I can have legit justification with the company). Yearly,...

Ignored

but does your WY US company pay any corporate tax?

#3,371
Dec 5, 2025 9:50am Dec 5, 2025 9:50am

fxcontest
Joined Jul 2011 | Status: Trader | 3,171 Posts | Online Now

Traffic for propfirm

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Holy Betting Grail strategy

#3,372
Dec 5, 2025 10:10am Dec 5, 2025 10:10am

readme
| Joined Mar 2023 | Status: Trader | 210 Posts

Quoting fxcontest

Disliked

Traffic for propfirm {image}

Ignored

Where is FTMO?

#3,373
Dec 5, 2025 10:19am Dec 5, 2025 10:19am

fxcontest
Joined Jul 2011 | Status: Trader | 3,171 Posts | Online Now

Quoting readme

Disliked

{quote} Where is FTMO?

Ignored

still new in propfirm

Holy Betting Grail strategy

#3,374
Dec 5, 2025 5:16pm Dec 5, 2025 5:16pm

CanIMakeCash
| Joined Feb 2021 | Status: Trader | 64 Posts

Quoting Novazor

Disliked

{quote} but does your WY US company pay any corporate tax?

Ignored

yes, but after deductions from all the expenses and the deduction of a management bonus to the shareholder the total profit to be taxed (at 21%) is very low, usually 3 to 5% of the total profit generated. And after the payment of the federal tax, the remaining profit can be distributed as dividends or kept in the corp bank account to increase the available funds for trading.

#3,375
Dec 5, 2025 5:16pm Dec 5, 2025 5:16pm