- Search Metals Mine
- CableJ replied Nov 25, 2023
I have not used my 200K with TFT since Aug too, so don't get me wrong, Angelo is still a slimmy crook. He wouldn't be doing this if TFT were not having payment issues, they are very likely insolvent. That being said, I do like the idea.
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- CableJ replied Nov 25, 2023
I think I like the penalty box idea. It would eliminate all the gambling yolo traders that could potentially run into a massive payout due to luck. We all know where 100% of the money is coming from, so the daily loss = sl traders are a real threat ...
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- CableJ replied Nov 18, 2023
MFF Update... Having considered the matter, THE COURT FINDS that there is good cause to extend the time for Defendants to answer, move or otherwise respond to the complaint from November 22, 2023, to January 22, 2024. This extension will allow the ...
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- CableJ replied Nov 15, 2023
If given a choice do you think FTMO would.... 1. Ban US citizens (1/3 of market) 2. Register with CFTC (millions in capital requirements + ongoing reporting) 3. Give the CFTC the middle finger like offshore brokers (risks pissing off CFTC & EU ...
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- CableJ replied Nov 15, 2023
I mentioned a few pages back that there would be no new challenges on the FX prop side for me until MFF's case is decided, however it looks like I'm eligible for the new FTMO prime status.... so a free 200K challenge should be coming my way. Their ...
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- CableJ replied Nov 14, 2023
So now that the CFTC completely struck out with their rediculous monetary demands, what happens now? CFTC takes it to trial or do we get a settlement? MFF has no direct control over their servers & website, and they still have Canadian regulators to ...
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- CableJ replied Nov 13, 2023
MFF update... There should be some fireworks in the MFF case this week 11/8 Unless extended, the restraining order lifts 11/14 (Tues) 11/9 CFTC letter requesting preliminary injunction order with 151-310M given up minus 159M (total trader payouts) ...
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- CableJ replied Nov 12, 2023
Currently.... FX - 400K @ FTMO, 200K @ TFF, 200K @ TFT (not trading), 100K @ E8 (not trading), 100K @ 5%ers Futures - 200K (50K x 4) @ Apex + 100K (50K x 2) in evaluation Interested in 100K @ both FE & Trading Pit, but I'm not taking any new FX prop ...
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- CableJ replied Nov 12, 2023
wait..... is that at the express account stage? I guess they are classifying you as a pro live... non pro data fees are not that crazy.
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- CableJ replied Nov 11, 2023
My problem is not Topstep's limit of 5 contracts, that is more than enough at my max risk of 0.80% per trade during the combine/eval (5 straight losses from initial bal to bust), I would only need 1 mini. It's how they handle micros, once @ express ...
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- CableJ replied Nov 11, 2023
I really can't see a use case for resets. If you have 2 weeks left before renewal charge and you reset early you still have only 2 weeks left. If the sale is still going just cancel the renewal and buy another discounted challenge (cheaper than ...
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- CableJ replied Nov 11, 2023
My only issues with Topstep... Once funded they have a scaling plan with even lower contract limits and the big one... their contract limit rules are ridiculous. 50K has a lot size limit of 5. Instead of it being 5 minis and 50 micros, it's 5 minis ...
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- CableJ replied Nov 9, 2023
No, not my job... I started to take interest when it started to become crystal clear that the money being payed out was 100% coming from signup fees, which makes organic web traffic growth key to survival for props... Lower traffic > Less signup ...
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- CableJ replied Nov 9, 2023
It's not perfect, it's best to look at trends over 6+ months time. That being said, it does identify the larger firms, explains why more US FX props are having payment issues and why Bespoke is in big trouble. The trends on TFT, Bespoke, E8, Lark, ...
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- CableJ replied Nov 9, 2023
Updated sheet... To weed out the most egregious botted traffic from smaller countries, I limited data to unique visits from only US + CAN + UK + EU (Italy/France/Spain/Germany) Apex vs. FTMO is interesting image
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- CableJ replied Nov 9, 2023
Temp increase in marketing? SEO bot manipulation? Who knows... but it is quite funny how that firm avoided the CFTC takedown after the SEC busted the CEO for actually running a Ponzi scheme.. SMH
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- CableJ replied Nov 9, 2023
If the MFF case is not cleared up by Dec to lift the current FUD hanging over the entire FX side of the industry, there might be alot more Bespoke's going bust. It was a blood bath in October traffic wise. I don't see how most of these companies ...
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- CableJ replied Nov 9, 2023
I remember Josh calming in discord that their volume was bigger than most large FX brokers.
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- CableJ replied Nov 9, 2023
I wonder if that 3.5B is leading to excess depth of market slippage, which then leads to successful simulation traders turning into unprofitable live traders. I was in MFF's VIP (all abook/stp) + didn't blow a live account in >1 year trading with ...
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