- Search Metals Mine
- PropDude1234 replied Apr 4, 2024
Unfortunately there are people who have no finesse and can't deal with nuance, so they take a simplistic world view and anchor everything to that.
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- PropDude1234 replied Apr 4, 2024
I was talking about the ESMA review. That was the start of this thread talking about cigarettes etc you latched on to. ESMA was relating to Europe, not the USA. When it comes to the US, the US doesn't want CFDs and that may be partly because Futures ...
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- PropDude1234 replied Apr 4, 2024
Because you wrote: Which is saying that the government intervened in FX retail leverage because they government wouldn't make money from it. When in fact they would make more if they left it high, as I outlined step-by-step. Please take the time to ...
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- PropDude1234 replied Apr 4, 2024
The government would make more money if it allowed higher leverage. As I wrote, higher leverage results in greater losses for the traders as well as other things which were prohibited like bonuses for redeposits. Greater losses = more profit for the ...
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- PropDude1234 replied Apr 4, 2024
Alcohol and tobacco are highly regulated products. Your analogy doesn't work. In fact it works in the opposite way you intended. The government doesn't regulate how many cigarettes you can smoke just as a regulator doesn't limit how many trades you ...
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- PropDude1234 replied Apr 3, 2024
Tasksd and I clash a little, but he clearly knows his stuff and has some quality sources. I think it was ever thus. The late Mark Douglas who worked in the old pits (when working with a broker) said, "all commodity traders were terminal. Our job was ...
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- PropDude1234 replied Apr 3, 2024
Well the large ESMA review which went on in 2027 (?) to limit retail leverage and offer further protections (evil governments and regulators!) looked at millions of trades and essentially came to the conclusion that everyone lost money and all ...
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- PropDude1234 replied Apr 3, 2024
Have worked for a broker, but involved in risk software for brokers/ institutions now - was asked to look at retail prop space and found some people I knew were involved in it, and with all the unregulated bullshit that goes on, it's pretty ...
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- PropDude1234 replied Apr 3, 2024
No bitterness. That's the reality of those traders digging for gold. I've always been on the other side selling the shovels so long may they continue!
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- PropDude1234 replied Apr 3, 2024
Futures firms are shit, most CFD firms are a scam. Prop is a slightly more sophisticated form of gambling that most punters are addicted to. The statistical overwhelming probability is you'll all lose money in the long-term. I'm not in touch with ...
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- PropDude1234 replied Apr 3, 2024
I've read the entire matter and subscribe to PACER to see the paywalled docs. As per the above screenshot, it's not talking about execution delays. This one is good, too. After discussions with the CEO the proposed anyone who had made more than 5% ...
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- PropDude1234 replied Apr 3, 2024
I'm talking about the traders who were STPed / went truly live. Unnecessary spread was added to reduce the profit / increase their losses of these accounts. Even the largest MFF apologists can't spin that one.
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- PropDude1234 replied Apr 3, 2024
How do do you know you were live? MFF added spread on top of their STP accounts on top of the dealers' spread. There's no reason for them to do this other than to make reduce the profit and make it harder for the trader.
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- PropDude1234 replied Apr 3, 2024
I'm told from people I know in prop that the % of issues with the alternative platforms is getting to the point it matches MetaTrader. There are some issues they've eliminated like the dated data-centre (which often had connection / lag issues for a ...
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- PropDude1234 replied Apr 3, 2024
Because MFF imposed an additional spread on top of the dealer's when they placed people in the live market / STPed them to reduce profits and increase losses. "Your success is our success", indeed.
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- PropDude1234 replied Apr 3, 2024
If FTMO don't want 'gambling', why do they offer 100/1 leverage? A % of traders will have issues on any platforms, and there's little doubt DX was having wide-spread issues for a lot of traders a few weeks ago upon its mass adoption. However, ...
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- PropDude1234 replied Apr 2, 2024
They're the future for US prop as far as I can see. The money is there, so where are the innovators? What data do you have to conclude otherwise? Do you have the issues / down time of MT vs the other platform for prop? Or % of users reporting issues ...
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- PropDude1234 replied Apr 2, 2024
I'm blaming the trader for blaming normal platform issues as an excuse for their crap trading
If you're in the US get used to the available platforms or stop trading CFD props. Simple.Prop Firm Hub
- PropDude1234 replied Apr 2, 2024
And MetaTrader had / has plenty of issues. Often because it's archaic in its infrastructure. 8cap used to have regular issues. That's what happens with software / IT. Plus DX and Match are going through the stress test of prop scale for the first ...
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