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  • #21,421
  • Sep 11, 2023 1:35pm Sep 11, 2023 1:35pm
Quoting Capablanca
{quote} Let's see how it goes. I have one for Wednesday too and should be processed through Deel.
I mean if one prop has problems on processing payouts with Deel, are then not ALL props having problems with Deel right now ? I did not hear screaming too many.
  • #21,422
  • Sep 11, 2023 1:46pm Sep 11, 2023 1:46pm
Or is that because most payouts are postponed right now ? Which props are doing that ? Which are still paying out right now (like Bespoke) ?
  • #21,423
  • Sep 11, 2023 1:52pm Sep 11, 2023 1:52pm
Quoting TrAndy1
{quote} I mean if one prop has problems on processing payouts with Deel, are then not ALL props having problems with Deel right now ? I did not hear screaming too many.
There is a lag time with payout complaints, usually 48 hours more than normal payout time.
  • #21,424
  • Sep 11, 2023 2:29pm Sep 11, 2023 2:29pm
Quoting Takisd
Crypto - Netflix and chill.
I'll just trade DOW and NAS futures at AMP. I surrender, it's exhausting trying to battle for what "should be" a FREEDOM. They win, fuck it.
  • #21,425
  • Sep 11, 2023 2:38pm Sep 11, 2023 2:38pm
Quoting pipmaster77
{quote} I'll just trade DOW and NAS futures at AMP. I surrender, it's exhausting trying to battle for what "should be" a FREEDOM. They win, fuck it.
That is what I did today as well. Came back to Icmarkets trading us30, 1 pip spread no commission. Got only one Fxify 15k account bought few days ago, need 2 more days for 5 minimum in 1 phase.
  • #21,426
  • Sep 11, 2023 2:39pm Sep 11, 2023 2:39pm
Quoting pipmaster77
{quote} I'll just trade DOW and NAS futures at AMP. I surrender, it's exhausting trying to battle for what "should be" a FREEDOM. They win, fuck it.
I think people need to really chill until after the MFF thing has a conclusion. No one knows what things look like until then, it could end up looking exactly as it did before the MFF CFTC battle. Its been a week since the case is officially opened but people already seem to think a) MFF will be found guilty of all charges and b) its the end of life as we know it. I dont think either is true, but its dangerous to play in the pool whilst things sort themselves out.

Deel will probably be back, prop firms are essentially their business without them they have no business. But it will hamper some countries like india, china, the nations of Africa and a few middle eastern countries I think.
  • #21,427
  • Sep 11, 2023 2:41pm Sep 11, 2023 2:41pm
Quoting pipmaster77
{quote} I'll just trade DOW and NAS futures at AMP. I surrender, it's exhausting trying to battle for what "should be" a FREEDOM. They win, fuck it.
pipmaster77,
I'm trading the same two, but at a different broker & have had no issues so far other than mistakes I've made. Have been thinking about giving FTMO a go. What do you think about trying that?
  • #21,428
  • Sep 11, 2023 2:57pm Sep 11, 2023 2:57pm
Quoting Takisd
{quote} I think people need to really chill until after the MFF thing has a conclusion. No one knows what things look like until then, it could end up looking exactly as it did before the MFF CFTC battle. Its been a week since the case is officially opened but people already seem to think a) MFF will be found guilty of all charges and b) its the end of life as we know it. I dont think either is true, but its dangerous to play in the pool whilst things sort themselves out. Deel will probably be back, prop firms are essentially their business without...
I don't find spending a couple of hundred bucks on a non US prop firm challenge a very big risk. I think it would actually be good if people continued to buy challenges so that we all can be paid for our existing and future funded accounts.
  • #21,429
  • Sep 11, 2023 3:01pm Sep 11, 2023 3:01pm
Quoting Cryptosurf
And then he’s trying to rug one of their highly profitable traders, just because he doesn’t want to do an interview.
-Another reason why kids shouldn't be running prop firms. Zero integrity.
  • #21,430
  • Sep 11, 2023 3:02pm Sep 11, 2023 3:02pm
Quoting Boulder
Thank you very much US govt, US has no differences from the Red China that I came from ..
-The US is banned by more brokers than any other country in the world, based on my research.
  • #21,431
  • Sep 11, 2023 3:02pm Sep 11, 2023 3:02pm
Quoting Takisd
Deel will probably be back, prop firms are essentially their business without them they have no business.
-Not to correct you, but I saw this the other day.

According to a senior Executive at Deel, these props make up less than 1% of their overall business activity. He also stated:

"We didn't know it was a problematic industry, and all the tests we conducted for them were normal. When we were informed that it is a problematic industry, we immediately ceased working with it. We are a platform, and if companies meet our conditions, we have no way of knowing if it is a Ponzi scheme. If the CFTC states that it's a problematic company, we immediately freeze its activity with us. We collaborate with the CFTC and comply with all their requests and needs. We will examine each of the prop trading companies to see if there could be a problem, and if found, we will cease working with them. We do everything by the book and want to ensure that we are doing everything the right way."

-Source
  • #21,432
  • Sep 11, 2023 3:08pm Sep 11, 2023 3:08pm
Quoting Nsak3y
{quote}-Not to correct you, but I saw this the other day. According to a senior Executive at Deel, these props make up less than 1% of their overall business activity. He also stated: "We didn't know it was a problematic industry, and all the tests we conducted for them were normal. When we were informed that it is a problematic industry, we immediately ceased working with it. We are a platform, and if companies meet our conditions, we have no way of knowing if it is a Ponzi scheme. If the CFTC states that it's a problematic company, we immediately...
There were a bunch of newspaper articles about other skepticism about deel's valuation. But yes I will happily be wrong on this one i hope.
  • #21,433
  • Sep 11, 2023 3:10pm Sep 11, 2023 3:10pm
Quoting TrAndy1
Or is that because most payouts are postponed right now ? Which props are doing that ? Which are still paying out right now (like Bespoke) ?
props can't just postpone payments else they are done.

If you are with bespoke maybe look at your contracts in deel app, see if they are still active. My mff one ended last Wednesday.
Potentially deel having another look at some /all of the firms, perhaps they will cut off some/all of them, they say props only 1% of their revenue, so maybe the negative attention is not worth it for them.
  • #21,434
  • Sep 11, 2023 3:19pm Sep 11, 2023 3:19pm
Quoting Nsak3y
{quote}-Not to correct you, but I saw this the other day. According to a senior Executive at Deel, these props make up less than 1% of their overall business activity. He also stated: "We didn't know it was a problematic industry, and all the tests we conducted for them were normal. When we were informed that it is a problematic industry, we immediately ceased working with it. We are a platform, and if companies meet our conditions, we have no way of knowing if it is a Ponzi scheme. If the CFTC states that it's a problematic company, we immediately...
There are several alternatives for Deel and props could also just pay directly the traders like brokers do.
  • #21,435
  • Sep 11, 2023 3:39pm Sep 11, 2023 3:39pm
Quoting TraderTero
{quote} I don't find spending a couple of hundred bucks on a non US prop firm challenge a very big risk. I think it would actually be good if people continued to buy challenges so that we all can be paid for our existing and future funded accounts.
The only cautious note I would leave for whoever is buying challenges these days is for not using crypto purchases. At least CC we still have some change of getting it back, even if not guaranteed. In crypto is gone forever.
  • #21,436
  • Sep 11, 2023 3:44pm Sep 11, 2023 3:44pm
Quoting Nsak3y
{quote}-Not to correct you, but I saw this the other day. According to a senior Executive at Deel, these props make up less than 1% of their overall business activity. He also stated: "We didn't know it was a problematic industry, and all the tests we conducted for them were normal. When we were informed that it is a problematic industry, we immediately ceased working with it. We are a platform, and if companies meet our conditions, we have no way of knowing if it is a Ponzi scheme. If the CFTC states that it's a problematic company, we immediately...
sounds like a nail in the coffin once they state "we collaborate with the CFTC and comply with all of their requests and needs"
  • #21,437
  • Sep 11, 2023 3:46pm Sep 11, 2023 3:46pm
Quoting Takisd
{quote} I think people need to really chill until after the MFF thing has a conclusion. No one knows what things look like until then, it could end up looking exactly as it did before the MFF CFTC battle. Its been a week since the case is officially opened but people already seem to think a) MFF will be found guilty of all charges and b) its the end of life as we know it. I dont think either is true, but its dangerous to play in the pool whilst things sort themselves out. Deel will probably be back, prop firms are essentially their business without...
Us American traders have been beaten down to a pulp by US regulators over the past 15+ years, we are a jaded bunch these days.
  • #21,438
  • Sep 11, 2023 3:46pm Sep 11, 2023 3:46pm
Quoting TraderTero
{quote} There are several alternatives for Deel and props could also just pay directly the traders like brokers do.
CFTC will cut off bank wires with USA banks. You guys really have no idea what you are dealing with. There are only a few of us in here that already know how this plays out.
  • #21,439
  • Sep 11, 2023 3:49pm Sep 11, 2023 3:49pm
Quoting Takisd
There were a bunch of newspaper articles about other skepticism about deel's valuation. But yes I will happily be wrong on this one i hope.
-I prefer that you are right, because then they might be more inclined to work with props.
  • #21,440
  • Sep 11, 2023 3:50pm Sep 11, 2023 3:50pm
Quoting TraderTero
There are several alternatives for Deel and props could also just pay directly the traders like brokers do.
-Not for US residents. In most cases, it will be crypto-only.
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