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  • #24,161
  • Oct 13, 2023 5:47pm Oct 13, 2023 5:47pm
Quoting Takisd
Brace for impact folks. If you are at a prop firm other than ftmo, please ask who their dashboard provider is. If it is not inhouse, say an extra prayer. If it is, make a list here for folks to not get tangled up in whats coming. For clarity - self made dashboard good - outsourced bad.
could you elaborate a little ?
Who is providing the outsourced dashboard ?
  • #24,162
  • Oct 13, 2023 6:22pm Oct 13, 2023 6:22pm
Quoting Takisd
Brace for impact folks. If you are at a prop firm other than ftmo, please ask who their dashboard provider is. If it is not inhouse, say an extra prayer. If it is, make a list here for folks to not get tangled up in whats coming. For clarity - self made dashboard good - outsourced bad.
What does the dashboard provider have to do with anything?
  • #24,163
  • Oct 13, 2023 11:07pm Oct 13, 2023 11:07pm
Quoting DeltaCapital
{quote}95% props are using fptech techology I will list different sources that i know that firms are using FTMO - self hosted The trading pit - self hosted or mixed gbe brokers maybe fundingpips - claims self hosted finotive funding - self hosted e8funding - match trade tech trueforexfunds- dont know someone can tell if know better the5ers - dont know too All th rest mostly uses fptech
What about ACG?
  • #24,164
  • Oct 13, 2023 11:21pm Oct 13, 2023 11:21pm
Quoting DeltaCapital
{quote}95% props are using fptech techology I will list different sources that i know that firms are using FTMO - self hosted The trading pit - self hosted or mixed gbe brokers maybe fundingpips - claims self hosted finotive funding - self hosted e8funding - match trade tech trueforexfunds- dont know someone can tell if know better the5ers - dont know too All th rest mostly uses fptech
alpha capital group has their own dashboard/tech
  • #24,165
  • Oct 14, 2023 12:18am Oct 14, 2023 12:18am
Quoting AaronPriest
{quote} What about ACG?
KingLLL says they have their own tech
  • #24,166
  • Oct 14, 2023 1:06am Oct 14, 2023 1:06am
Quoting DeltaCapital
{quote}KingLLL says they have their own tech
Yes, he answered after I asked.
  • #24,167
  • Edited 2:47am Oct 14, 2023 2:32am | Edited 2:47am
Quoting KingLLL
{quote} What does the dashboard provider have to do with anything?
There was a massive complaint filed against one dashboard provider (I dont think I should name), in this moment safety is found in people who made their own tech.

Btw MADE their own tech, not host it.
  • #24,168
  • Oct 14, 2023 3:44am Oct 14, 2023 3:44am
Quoting Takisd
{quote} There was a massive complaint filed against one dashboard provider (I dont think I should name), in this moment safety is found in people who made their own tech. Btw MADE their own tech, not host it.
There are several technology providers to choose from in case one gets in trouble. In any case a technology provider should be pretty much immune against a complaint as the end user (prop firm) is the one who decides what kind of settings they wish to use. You could also run the prop without any dashboard and there are actually some props which have never had a dashboard.
  • #24,169
  • Oct 14, 2023 7:05am Oct 14, 2023 7:05am
Quoting TraderTero
{quote} There are several technology providers to choose from in case one gets in trouble. In any case a technology provider should be pretty much immune against a complaint as the end user (prop firm) is the one who decides what kind of settings they wish to use. You could also run the prop without any dashboard and there are actually some props which have never had a dashboard.
It is not that. If you know there is a crime behind with intention you are responsible too even as technology provider only. Because then you are also guilty. You cannot sell something when you know it is clearly not allowed what the customer wants to do. With CFTC vs MFF case those providers cannot proven that they had no know-ledge about illegal business activities. But of course such needs to be claimed before any action can take place. So the CFTC settle case is not looking good then so far...
  • #24,170
  • Oct 14, 2023 7:18am Oct 14, 2023 7:18am
Quoting Capablanca
{quote} So, for you it's irrelevant if a 100K challenge cost 500 USD or 5.000 USD ?
It's irrelevant for me the cost is 500 or 600. Most important is the company...
  • #24,171
  • Oct 14, 2023 7:55am Oct 14, 2023 7:55am
Quoting Tim_isoara
{quote} It's irrelevant for me the cost is 500 or 600. Most important is the company...
When Andy introduced the scoring all companies seemed same reliable and stable. So the score was a good way of comparing their offerings and assessing the best return of investment
Money is made by sitting, not trading
  • #24,172
  • Oct 14, 2023 8:05am Oct 14, 2023 8:05am
Quoting TraderTero
{quote} There are several technology providers to choose from in case one gets in trouble. In any case a technology provider should be pretty much immune against a complaint as the end user (prop firm) is the one who decides what kind of settings they wish to use. You could also run the prop without any dashboard and there are actually some props which have never had a dashboard.
if you have a financial interest “rev share” you are liable as a person benefiting from fraud
  • #24,173
  • Oct 14, 2023 8:07am Oct 14, 2023 8:07am
Quoting TrAndy1
{quote} It is not that. If you know there is a crime behind with intention you are responsible too even as technology provider only. Because then you are also guilty. You cannot sell something when you know it is clearly not allowed what the customer wants to do. With CFTC vs MFF case those providers cannot proven that they had no know-ledge about illegal business activities. But of course such needs to be claimed before any action can take place. So the CFTC settle case is not looking good then so far...
The same slippage, delays and increased margins in order to simulate real live conditions can also be configured on MT4 server level without the need of any other technology provider so for the industry complaints against one technology provider is insignificant.
  • #24,174
  • Oct 14, 2023 8:09am Oct 14, 2023 8:09am
Quoting Takisd
{quote} if you have a financial interest “rev share” you are liable as a person benefiting from fraud
You need to prove the fraud first.
  • #24,175
  • Oct 14, 2023 10:25am Oct 14, 2023 10:25am
the way firms are kicking out many traders its obvious without trading in the live feed no firm can survive for long. in that case profit splits should go down to 40-60% range
  • #24,176
  • Oct 14, 2023 10:39am Oct 14, 2023 10:39am
Some free money if you win a competition or for anyone who is looking for free competition and their prizes among prop firms. Here you have nothing to loose...
https://thetrustedprop.com/prop-firm...-competitions/
  • #24,177
  • Oct 14, 2023 11:15am Oct 14, 2023 11:15am
Quoting TrAndy1
Some free money if you win a competition or for anyone who is looking for free competition and their prizes among prop firms. Here you have nothing to loose... https://thetrustedprop.com/prop-firm...-competitions/
Theres a little chace you win. Its either manipulated or you face totally mad yolo kids trading 24/7. Total waste of time unless you are able to earn 100%+ a month without braking any rule and without losing your mind
Money is made by sitting, not trading
  • #24,178
  • Oct 14, 2023 11:21am Oct 14, 2023 11:21am
Quoting TraderTero
{quote} You need to prove the fraud first.
Or you can just issue a restraining order that freezes everything maintaining the status quo a la MFF.
  • #24,179
  • Oct 14, 2023 11:41am Oct 14, 2023 11:41am
Quoting Takisd
{quote} Or you can just issue a restraining order that freezes everything maintaining the status quo a la MFF.
Exactly....CFTC motto......."Freeze first, ask questions later"
  • #24,180
  • Oct 14, 2023 11:56am Oct 14, 2023 11:56am
Quoting Takisd
{quote} Or you can just issue a restraining order that freezes everything maintaining the status quo a la MFF.
Like I said before you don't need any of those prop firm white labels in order to run a prop. Never understood why someone would give away 30-40% share for the services they provide.
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