The US fx props have been losing market share to the futures props since the whole Meta/US ban disaster.

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around end of week/weekend

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80% sale was going on for basically all of April. It was supposed to end yesterday & then they extended it again lol. 50K x 20 w/ a copier is what most are doing due to lower target / DD ratio.

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Didn't MFF recently get the go ahead from the special master for discovery on the CFTC? This could get politically embarrassing if 2 regulatory agencies get sanctioned back to back by the courts for blatant lies to obtain ex parte asset freezes on ...

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Here is the problem... 6% of 300-600K funding is unpayable by most FX props in the current environment (no US + no MT4 + contracting market) To stay solvent FX Props likely need a combination of several of the following... 1. ban eas 2. no refunds + ...

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Traders with accounts still alive >2 months are a problem... they are more likely to understand risk management and get too many payouts.

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WHAT!!!! is that a thing over there?

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With Topstep it is clearly stated that there is an option to stay sim or go live with exchange fees. They will also force traders live after 10K or so in profit.... but then again Capablanca stated that his personal audit in the past found that was ...

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CFDs being illegal in the US is a useful attack vector for the CFTC. Topstep has been around for over a decade and NOW the retail futures prop business model would be a problem with regulators?

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Flat/declining growth was always the #1 enemy... growth disappeared after MFF... Meta just dropped an atomic bomb that finished the job.

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The dominoes continue to fall.

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If you want to pull out >20K in a month per firm, the options that will guaranteed pay out are very limited on the FX side these days.

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A youtube streamer & Apex affiliate "Alpine trader" has pulled out >200K in last 10 months from Apex with a strategy that is clearly prohibited in Apex's TOS.... is it a coincidence that his habitual rule breaking has gone completely unnoticed to ...

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here you go image image

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it's a very effective way to discourage the all in gamblers & especially the news gamblers live.... ok now do the same thing 2 more times.

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I would prefer the FX props and their 20 something year old owners to stay the F out of the futures prop business all together.

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Other than the Trading Pit (EU), all the futures props appear to be located in the United States where they can be easily touched by the CFTC.

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lol, this discussion resembles last spring when we were going back and forth about the sustainability of the FX props and their real business model after FTMO started making rule changes after getting hit with >1M payouts.

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if Apex runs into trouble... elite trader dropped max accounts from 20 to 3. Trade day forces you live after >5K profit & Topstep around >10K. Bulenox has a permanent payout limit per account, most others have <7 contracts limits and don't allow ...

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I would suspect Apex has higher pass rate in phase 1 (cheap to gamble/yolo, no 30% rule, 1-3 min trade day sales) with much lower success rate to payout threshold vs FX prop pass phase 2 + getting to 1-5% payout.

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