- Search Metals Mine
- CableJ replied Feb 9, 2024
I know who you are lol, but you have been MIA for quite some time... since the FXchoice, Hako & white label meta fallout it's been very active over there too.
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- CableJ replied Feb 9, 2024
100% concerned... it's a discussion some of us here have been having on the offshore thread elsewhere. I'm hoping the established offshore brokers that took the FTMO step with new US customers will keep their licenses.
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- CableJ replied Feb 9, 2024
I'm fully prepared to survive with 5 offshore broker accounts + personal futures accounts @ AMP & TDA + Futures funding accounts @ Apex & Bulenox... but this fallout is still really sad & stings, however we knew this day was eventually coming.
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- CableJ replied Feb 9, 2024
Good thing I didn't start my plan to take challenges with 10-15 funding companies similar to Monty... there is lot's of US, FXPX, Purple/Blueberry/Thinkmarkets/8cap exposure in that 10-15 group.
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- CableJ replied Feb 9, 2024
relocate to offshore broker jurisdictions + own servers + dx trade/trade locker platform + crypto payment processors... possible battle plan?
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- CableJ replied Feb 9, 2024
The US funding companies are pretty much done if they're forced by the brokers to ban US residents regardless of meta/ctrader/dxtrade being offered. They make the investments to act as their own broker with their own servers like ftmo/tff/mff and ...
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- CableJ replied Feb 8, 2024
how are these props going to survive 1/3 the purchasing market disappearing &/or a significant % of traders looking at them as DOA without metatrader?
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- CableJ replied Feb 8, 2024
Meanwhile on the virtual casino futures side of the prop world ........................ crickets......................... since the MFF takedown in August. It's 100% crystal clear what the agenda is.
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- CableJ replied Feb 8, 2024
US offshore traders know the CFTC's preferred method of attack if they can't directly shut you down... FPFX is a gigantic risk for the majority of the funding/evaluation companies, I was shocked to find out in the MFF case that they were with FPFX.
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- CableJ replied Feb 8, 2024
Seychelles = st. vincent, dominica, Marshall Islends, Belize... If they're not Japan, HK, Au, EU, UK, US, Can & maybe CySEC regulated, then they're unregulated... these prop ceos are too funny lol
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- CableJ replied Feb 7, 2024
Simulated trade evaluation services lol... it's the one thing the CFTC hit the bullseye on. The entire online prop industry's marketing about their fantasy business model was deceptive.
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- CableJ replied Feb 7, 2024
Now that I think about it, after reading youngd's post... most probably lose their accounts during typical DD periods and start over rather than being forced to dig themselves out of the hole.
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- CableJ replied Feb 7, 2024
What has been the longest drawdown period for you guys @ props? I went through a period last year of 5 months trying to dig myself out of a bad drawdown period... thankfully, I was still able to pass a few challenges and get a few payouts on new ...
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- CableJ replied Feb 7, 2024
Really strange..... if you're supposedly risking .25-.50% per trade on your live accounts and you're stopping at a 1-2% profit target.... how do you blow 1/2 your funding in 2 weeks? That must have been one hell of a losing streak.
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- CableJ replied Feb 7, 2024
The girlfriends account story @ FTMO smelled like it was missing critical details. Influencers do have more rope than regular traders since props don't want the very public social media heat from denying their payments or cancelling accounts.
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- CableJ replied Feb 7, 2024
A youtuber I follow that is pretty transparent (daily live trading) has received 60K payouts from Apex since Aug. He has taken >100 challenges and 30% have reached payout. He scalps indices with a <1m avg holding time. He churns through accounts ...
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