There were, IIRC, 26,000 people who went to the 'live' accounts. Plenty of scope for naughty behaviour. As I wrote previously, there was a discussion about anyone over 5% being put on a harder live group. In terms of whether the people they really ...

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Or I'm (as one user) just here for a discussion. I think Futures props are far worse than CFD ones and would prefer the CFD ones to last and still be offered to US citizens. Not everything has some hidden meaning / agenda or conspiracy. It's strange ...

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A long time ago and it seemed like pretty normal CFD execution to me. Not that I'd attach much weight to my experience as it's anecdotal.

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So they say. How do we know that for a fact? Seems odd to take what MFF say on face value about one thing when they've lied about other things. They discussed (the CFTC have the correspondence which is in the court documents) anyone making over 5% ...

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It sends a message to other props firms that you shouldn't totally misrepresent their business, create conditions with the intention to increases failure rate, raises the barriers to entry, likely makes partners (banks / payment providers etc) ...

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Futures brokers are essentially neutral and are executing your trades on a centralised exchange to buy and sell the contracts on that exchange. They're not the broker's contracts, and they charge a commission for doing so. They don't really care how ...

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Yes, a Futures broker doesn't care, where as OTC CFD do.

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I thought it went out saying it was general description of the fundamentals. With a more nuanced look, of course there needs to be some success in order for there to be promotion / marketing, but given how the average retail traders thinks / ...

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Not now it's industry standard and FTMO led the pack with it. Shame they didn't blaze that trail when they had the chance. May have resulted in fewer frozen houses.

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At least their proposed disclosures will be clear if they're ever able to go back in business:

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The sample size (under 100) of who went to the live market is so low it's hard to draw any conclusions. It's quoted 70% of the <100 who went to live did worse. Secondly, what was the selection methodology? Was it a sample of people who had managed ...

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Brokers regulated by tier 1 regulators (FCA, ASIC etc) do not do what MFF did when it comes to false / fraudulent statements. The licences are publicly available and the T&Cs will give full disclosures. Some dodgy offshore broker may be different, ...

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MMF told their customers they'd be trading live capital. Part of their issues. You raise a good point, you'll just end up with shady off-shore practitioners if there's no path for legitimate businesses to operate / be regulated.

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Telling people they'll be in the live markets when it was almost certain they wouldn't be was a total lie relating to the financial markets. Imagine if the CME did that with their Futures offerings. Or a broker like Dorman. The very minimum the ...

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I'm not connected with anyone on here. I searched for 'FTMO no longer taking US clients' and at the time I searched this topic ranked highly so I clicked it. I saw it was an interesting discussion and since I have some industry experience decided to ...

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If there are integrity matters and other concerns then they obviously should be addressed. However, that's separate and different from suggesting the regulator that regulates the financial markets shouldn't have the scope to take action against ...

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It'd be a bit strange if the CFTC wasn't able to take action against companies making 'false statements' (AKA total, deliberate lies to attract customers) about the financial markets they regulate.

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It's not. It's often admirable to see success. It's a little different when that person is lying to all his customers.

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Their setup was clearly incompetent. Nearly all CFD flow (with actual CFD brokers) is warehoused / internal / B-booked. You don't see the likes of IG making various groups to deal with X, Y and Z. A better option which would have taken care of the ...

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MFF were paying out, but they were also lying and manipulating conditions (albeit the CFTC didn't quite represent it wholly accurately) whilst the CEO was buying multi-million USD mansions, Ferraris, Lamborghinis, Bugatis etc. They were, rather ...

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