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  • #3,361
  • Dec 4, 2025 9:27am Dec 4, 2025 9:27am
Futures Prop firm are way superior than these CFD Forex firms (5er, ftmo, etc)
  • #3,362
  • Dec 4, 2025 9:34am Dec 4, 2025 9:34am
Quoting sampat
{quote} Thats pretty common practice. 5ers and FTMO also do same things.
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 1:01pm Dec 4, 2025 1:01pm
Quoting FraterRedox
See, kids, Monty is a Wikipedia-worthy example of first-world problems. I want those, too.
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 6:57pm Dec 4, 2025 5:21pm | Edited 6:57pm
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 7:17pm Dec 4, 2025 6:20pm | Edited 7:17pm
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 6:56pm Dec 4, 2025 6:56pm
@montygoldy
Did you ever get paid by legends trading?
  • #3,367
  • Dec 4, 2025 11:34pm Dec 4, 2025 11:34pm
Quoting maltrader
@montygoldy Did you ever get paid by legends trading?
Nope blew funded accounts before getting to payout.....
Extreme gut feeling trader
  • #3,368
  • Dec 5, 2025 3:53am Dec 5, 2025 3:53am
Quoting montygoldy
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…
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 4:03am Dec 5, 2025 4:03am
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 7:35am Dec 5, 2025 7:35am
Quoting CanIMakeCash
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,...
but does your WY US company pay any corporate tax?
  • #3,371
  • Dec 5, 2025 7:50am Dec 5, 2025 7:50am
Traffic for propfirm
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Holy Betting Grail strategy
  • #3,372
  • Dec 5, 2025 8:10am Dec 5, 2025 8:10am
Quoting fxcontest
Traffic for propfirm {image}
Where is FTMO?
  • #3,373
  • Dec 5, 2025 8:19am Dec 5, 2025 8:19am
Quoting readme
{quote} Where is FTMO?
still new in propfirm
Holy Betting Grail strategy
  • #3,374
  • Dec 5, 2025 3:16pm Dec 5, 2025 3:16pm
Quoting Novazor
{quote} but does your WY US company pay any corporate tax?
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 3:16pm Dec 5, 2025 3:16pm
Quoting montygoldy
{quote} Nope blew funded accounts before getting to payout.....
Bummer.
Amazing how fast the market can humble us.
Good luck on the next one.
  • #3,376
  • Dec 5, 2025 3:19pm Dec 5, 2025 3:19pm
1 Lucid Flex Failed one passed, 3 to go.
I am looking forward to not worrying about consistency percentage.
  • #3,377
  • Dec 5, 2025 5:48pm Dec 5, 2025 5:48pm
Quoting readme
{quote} Where is FTMO?
Guess they opted out from site.
  • #3,378
  • Dec 5, 2025 5:48pm Dec 5, 2025 5:48pm
Quoting fxcontest
Traffic for propfirm {image}
Boggles the mind that QT is above funding pips.
  • #3,379
  • Dec 5, 2025 6:07pm Dec 5, 2025 6:07pm
Quoting josh1111
{quote} Bummer. Amazing how fast the market can humble us. Good luck on the next one.
purchased again….hope to get 9k payouts in second try….
Extreme gut feeling trader
  • #3,380
  • Dec 7, 2025 1:56am Dec 7, 2025 1:56am
ATFunded is the only prop showing the $ amount of challenges bought together with the payout

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https://x.com/PropJoshD/status/1994814137998680484

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https://x.com/PropJoshD/status/1994446865719349550
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