- Search Metals Mine
- Nsak3y replied Sep 29, 2021
-Well, any firm that is actually pushing trades to market, should always be able to pay contractors their cut. The only exception to this would be if the company is only pushing the best 'signals' to market in lieu of all signals. Another thing to ...
Prop Firm Hub
- Nsak3y replied Sep 29, 2021
-But if it is determined that FT are operating a ponzi, then that matter becomes a moot point, almost, presumably. I cannot believe that they are actually admitting to this. Surely someone at their company realizes the magnitude of what they have ...
Prop Firm Hub
- Nsak3y replied Sep 29, 2021
-I'm not so sure. Since they are not acting as the broker, then the same regulations and restrictions likely would not apply. They can simply use an offshore broker that does not operate within a jurisdiction where US regulatory compliance is an ...
Prop Firm Hub
- Nsak3y replied Sep 29, 2021
I honestly think that the increased profit share at FTMO is not something that is a cause for concern. Maybe I will end up eating my words, but even firms like MFF have admitted that they started with investment capital in place, but quickly found ...
Prop Firm Hub
- Nsak3y replied Sep 29, 2021
Maybe I am part of a minority group of people that believe this way, but I do not believe that all of these non-traditional prop firms are operating as a ponzi. MFF, for example, appears to be operating as a legitimate firm. It would be difficult to ...
Prop Firm Hub
- Nsak3y replied Sep 29, 2021
-Took at look at their Edge program. Is it just me, or does this appear to be legal online gambling being funded by an illegal ponzi scheme? Assuming that the company is truly based in Canada, that seems very unwise if that is the case.
Prop Firm Hub
- Nsak3y replied Sep 29, 2021
The language seems to indicate possible pressure from regulatory groups. A more important point to note is that they seem to be admitting to running a ponzi-type program, unless I am misinterpreting this.
Prop Firm Hub
- Nsak3y replied Sep 28, 2021
-I have received an update from MFF regarding this. I was told that their legal team has reviewed the policy, and that it shall be removed from their website within a few days. So, good news.
Prop Firm Hub
- Nsak3y replied Sep 26, 2021
@Koop - it is okay if you want to joke around, or even be annoying. But please do not accuse me of being a shill.
Prop Firm Hub
- Nsak3y replied Sep 26, 2021
-If you read my comments carefully, you will see that I am specifically referencing the 'no daily draw-down' options. As such, MFF only offers a 50/50 split for that program at the moment. As I said, hopefully that will change. I do not understand ...
Prop Firm Hub
- Nsak3y replied Sep 26, 2021
-I was not complaining at all. The reason that I think that Blue Edge offerings are better is because I prefer 'no daily draw-down' options, and the program that Blue Edge offers allows for much faster scaling as well as much higher profit-split. ...
Prop Firm Hub
- Nsak3y replied Sep 25, 2021
I personally think that MFF is the most credible firm right now, even though FTMO has more history and trust established. Just my personal opinion. That being said, I am actually considering going with Blue Edge Funding because I personally prefer ...
Prop Firm Hub
- Nsak3y replied Sep 25, 2021
-They have a channel on discord dedicated solely for payout proof. Loads of traders have shared their experiences. Regarding the interviews, they spoke about it on one of their recent youtube videos (maybe the Q&A video?) that they are already ...
My Forex Funds - Discussion/Q&A
- Nsak3y replied Sep 25, 2021
Most companies do not provide that kind of information on their website, and those that do, typically provide generic information that leads to a physical address that services multiple businesses and a phone number that is set up to play an ...
My Forex Funds - Discussion/Q&A
- Nsak3y replied Sep 23, 2021
So, I asked for clarification regarding the roll-back feature. Evidently, this only applies to overall draw-down (10%), but not 5% 'daily' draw-down. So, if you violate the daily, you're likely out of luck and subject to 'risk review'. If, however, ...
Prop Firm Hub
- Nsak3y replied Sep 23, 2021
-I suppose that the best approach would be for traders to take their first withdrawal as soon as possible, in lieu of scaling up, so that they can walk away with profit no matter what happens. I will say that these firms are held accountable by many ...
Prop Firm Hub
- Nsak3y replied Sep 23, 2021
-Yeah, they seem to be either be associated with, or a clone of, Trader's Central, because the support guy referred me to a Trader's Central video and told me that the rules are the same, after I was asking a bunch of questions about what was ...
Prop Firm Hub
- Nsak3y replied Sep 23, 2021
-Just asked about this firm recently on FB. Spoke with their support and he told me that traders that scale up at least one time do not lose their account if DD allowance is exceeded. Instead, they are rolled back to previous level.
Prop Firm Hub