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- PropDude1234 replied Feb 13, 2024
I'm going to be honest and say I got TFF and FE mixed up there. TFF may still carry MetaQuotes risks. I'd be surprised if MQ have allowed them licences (if they even had them in the first placeand weren't doing something very naughty which I've been ...
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- PropDude1234 replied Feb 13, 2024
All the restaurants in London and they choose the Oblix, which is shit. Why would anyone trust them after what they did (assuming it's true, I've not seem them deny it yet)?
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- PropDude1234 replied Feb 12, 2024
If the CFTC want another target then I'd think Angelo and TFT are the obvious target.
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- PropDude1234 replied Feb 12, 2024
My original answer was to someone talking about 100 lots. 10 may well have no issue at high volume times etc.
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- PropDude1234 replied Feb 12, 2024
Yes, if you split 10 lots into 1 singles, then you're more likely to not have issues because it's not a large amount of collective volume. Even with multiple LPs all feeding the same order book, there's only so much liquidity available. Once you ...
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- PropDude1234 replied Feb 12, 2024
You should totally expect to receive slippage at 100 lots (assuming a standard contract sizing). What kind of CFD order book just has 100 lots sat there at the top of the book to give an instant fill? Prop trading has given a totally distorted sense ...
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- PropDude1234 replied Feb 12, 2024
Please read what I wrote. If a firm is no longer conducting the activities the regulator considers a breach of the laws / regulations it covers, then it is less likely to take action. That doesn't mean it won't take action, but a regulator only has ...
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- PropDude1234 replied Feb 12, 2024
What for? I think he's stupid but until it's clear prop trading is unlawful in the US, then all he's going is encouraging US citizens to use a VPN. MQ, the broker, the tech provider etc may not like that, but that's a B2B / contractual matter, not a ...
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- PropDude1234 replied Feb 12, 2024
I saw that 'CEO' at a finance expo in London (as so many companies mix institutional with retail these days, people like that can attend). He was dressed head to toe in his own branding. He was so uncouth I thought 'he must be American' - turns out ...
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- PropDude1234 replied Feb 11, 2024
So are Visa and Mastercard. Ultimately that's for them to decide their exposure and risk appetite. I don't know enough about the law to know if they have CTFC exposure.
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- PropDude1234 replied Feb 11, 2024
I don't know enough about the laws in question. I expect FPFX are one step removed. Not as far away as the payment providers, but of a similar ilk.
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- PropDude1234 replied Feb 11, 2024
There are no doubt other issues within the niche and you highlight some of them. Scammy prop firms causing customers to complain directly to brokers and MQ plays a part for sure. I just think MFF court case is so high profile it plays into the risks ...
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- PropDude1234 replied Feb 11, 2024
So do the CFTC. Are they defaming too? Court docket is here if you want to know all the info: url Regardless of the actual outcomes, the evidence so far has satisfied a court that there's a case to answer and the investigation itself that has ...
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- PropDude1234 replied Feb 11, 2024
Lol defamatory to repeat the CFTC's accusations and a court's prima facie conclusion. I don't think so. Misleading / fraudulent financial promotions etc are clearly going to be in the scope of a financial regulator.
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- PropDude1234 replied Feb 11, 2024
They placed the CTFC in a position they were always going to act because of their misrepresentation / fraud once they became aware of it. You and others on here may give them a pass for it, but the reality is MFF's misrepresentation / fraud is the ...
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- PropDude1234 replied Feb 10, 2024
MFF? The firm who've been the most responsible for the situation the industry is in?
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- PropDude1234 replied Feb 10, 2024
Are you on MT5? If so you can pull the tick data and see exactly yourself.
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- PropDude1234 replied Feb 9, 2024
So it looks like MetaQuotes have a general, serious problem with PurpleTrading. PurpleTrading have then decided to say that everyone involved in prop is in trouble, even though other brokers have apparently had no such contact from MetaQuotes, ...
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- PropDude1234 replied Feb 8, 2024
The issue here, like everything else, is the quality of the source. Just because someone has put it on the internet doesn't mean it's true. Was that the info from the prop CEO who claims to have spoken to someone who has spoken to someone else type ...
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