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  • #3,061
  • Aug 22, 2021 10:15pm Aug 22, 2021 10:15pm
Quoting Takisd
{quote} Oh wait, you are talking about Amplify? Check the site. https://www.forexfactory.com/Amplify-IT This is their user.. dodgy. No ASIC license but in australia... dodgy. dodgy everywhere. Website powered by webnode... Whoever started this spent max $200 to set it up.
OMG ...

Masterrmind .........
Master your Mind then Master your Trades
  • #3,062
  • Aug 22, 2021 10:17pm Aug 22, 2021 10:17pm
Quoting garfield75
{quote} yes.
Looking forward to you hitting that target.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,063
  • Aug 23, 2021 2:04am Aug 23, 2021 2:04am
Masterrmind, successful journey with MFF !
  • #3,064
  • Aug 23, 2021 2:36am Aug 23, 2021 2:36am
Yes, me too - hope you have a successful journey Mastermind

Are you going to trade both accounts at the same time using a trade copier?
  • #3,065
  • Aug 23, 2021 3:05am Aug 23, 2021 3:05am
Quoting Masterrmind
{quote} Looking forward to you hitting that target. Masterrmind ........
Wish you luck too and green pips all the way.
Trading is SIMPLE not EASY.
  • #3,066
  • Edited 4:10am Aug 23, 2021 4:00am | Edited 4:10am
Might you guys allow me a question - in your respective countries are you allowed to trade for third parties without a specific qualification.

In my country you are supposed to hold a financial or economy related degree plus some exam at a certification institute.

I'm looking for an accountant to solve this issue meanwhile I have profit I'm not sure I will be able to withdraw.
  • #3,067
  • Aug 23, 2021 5:54am Aug 23, 2021 5:54am
Quoting snail69
Masterrmind, successful journey with MFF !
Thanks snail69.

Let's find out.

Masterrmind .........
Master your Mind then Master your Trades
  • #3,068
  • Aug 23, 2021 5:56am Aug 23, 2021 5:56am
Quoting Mtinifx
Yes, me too - hope you have a successful journey Mastermind Are you going to trade both accounts at the same time using a trade copier?
Trading both accounts at the same or similar time.

Both will be traded manually.

No trade copier.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,069
  • Aug 23, 2021 6:07am Aug 23, 2021 6:07am
Quoting HammerHeart
Might you guys allow me a question - in your respective countries are you allowed to trade for third parties without a specific qualification. In my country you are supposed to hold a financial or economy related degree plus some exam at a certification institute. I'm looking for an accountant to solve this issue meanwhile I have profit I'm not sure I will be able to withdraw.
Great question.

Depends on the corporations and financial laws in the country of interest.

I could give you the legal requirements here in Australia but that might be useless information if you were only interested in let's say UK or EU or USA or Middle East or other country.

Best advise would be to perform an in-depth desktop study of your country of interest.

Different country generally means different financial laws governing what an individual or a corporation can and cannot do when it comes to trading third party capital.

Also may depend on who the third party is such as are they family or not.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,070
  • Aug 23, 2021 6:28am Aug 23, 2021 6:28am
Quoting HammerHeart
Might you guys allow me a question - in your respective countries are you allowed to trade for third parties without a specific qualification. In my country you are supposed to hold a financial or economy related degree plus some exam at a certification institute. I'm looking for an accountant to solve this issue meanwhile I have profit I'm not sure I will be able to withdraw.
The regulations in my country are pretty loose with regards to trading/speculation. Almost non existent except for some bans on Crypto transactions.

You have to understand that with the way most of these prop firms structure their programs, "you're not really trading for third parties".
They intentionally made it this way to circumvent all these sort of requirements, hence the provision of Demo accounts instead of real funded accounts.

It's more of a signal service with a compensation than "trading for a third party".

So if you eventually come across an accountant or authority, be careful of the terms you use.. be sure to clarify that you are trading simulation accounts, not directly managing any one's money.
  • #3,071
  • Aug 23, 2021 6:28am Aug 23, 2021 6:28am
I'm from Italy.

It might not be as straightforward for example with FTMO you arent trading any capital, you are in a demo account and basically playing computer and get cash rewards and its clearly stated in their contract, so there shouldnt be any issues. Ive read MFF contract and its wholly different, with the provided service being "trading execution".

I guess the demo account design FTMO has was implemented to circumevent some of these legal requirements.

Its difficult too to find accountants knowledgeable on the matter. If someone trading from Italy got any input, thats greatly appreciated.
  • #3,072
  • Aug 23, 2021 6:38am Aug 23, 2021 6:38am
Quoting Koop
{quote} The regulations in my country are pretty loose with regards to trading/speculation. Almost non existent except for some bans on Crypto transactions. You have to understand that with the way most of these prop firms structure their programs, "you're not really trading for third parties". They intentionally made it this way to circumvent all these sort of requirements, hence the provision of Demo accounts instead of real funded accounts. It's more of a signal service with a compensation than "trading for a third party". So if you eventually...
I understand. But while FTMO agreement clearly explicit this other prop firms do not... hence if authority knocks at the door I would have no proof to support such claim and I could get in serious trouble. I guess I should stick with FTMO alone.
  • #3,073
  • Aug 23, 2021 7:14am Aug 23, 2021 7:14am
Does anyone with MFF has recovered from last week crash? Because mine didn't.
Up until today I cannot enter MFF User Portal website and also I noticed the user trading dashboard has issue by not updating the trading record I made today?
Sent complaint email this afternoon but still not get some resolution yet.
- X -
  • #3,074
  • Aug 23, 2021 7:52am Aug 23, 2021 7:52am
Quoting Xperience
Does anyone with MFF has recovered from last week crash? Because mine didn't. Up until today I cannot enter MFF User Portal website and also I noticed the user trading dashboard has issue by not updating the trading record I made today? Sent complaint email this afternoon but still not get some resolution yet.

Most peoples have, have you spoken to their support to fix it?
  • #3,075
  • Aug 23, 2021 7:57am Aug 23, 2021 7:57am
Quoting Xperience
Does anyone with MFF has recovered from last week crash? Because mine didn't. Up until today I cannot enter MFF User Portal website and also I noticed the user trading dashboard has issue by not updating the trading record I made today? Sent complaint email this afternoon but still not get some resolution yet.
My overall balance shows correct (exact with my terminal). However, graph doesn't include today and daily breakdown doesn't have today. As long as balance reflects correct, not too worried about it.
  • #3,076
  • Aug 23, 2021 8:22am Aug 23, 2021 8:22am
Update on my new 100 k evaluation with MFF :

1 week passed. slightly negative. But ok, I will make it.

My wife wants to do new evaluation with MFF, So signed up today a 50 k account.
Intraday only.
  • #3,077
  • Aug 23, 2021 10:57am Aug 23, 2021 10:57am
Quoting pipmaster77
{quote} My overall balance shows correct (exact with my terminal). However, graph doesn't include today and daily breakdown doesn't have today. As long as balance reflects correct, not too worried about it.
Yes, I have same case so it should be OK then.
Thanks
- X -
  • #3,078
  • Aug 23, 2021 11:00am Aug 23, 2021 11:00am
Quoting Takisd
{quote} Most peoples have, have you spoken to their support to fix it?
Yes,

Last time they request my account# and I replied 8 hours ago.
I'll wait until tomorrow then.

Thanks
- X -
  • #3,079
  • Aug 23, 2021 11:35am Aug 23, 2021 11:35am
Hello all,

Has anyone recently used DT4X.com and received a payout after making profits? I read in the thread that they were a bit shady in terms of their physical address not having a real office, but their model seems quite interesting.

snf
  • #3,080
  • Aug 23, 2021 11:43am Aug 23, 2021 11:43am
Quoting snf
Hello all, Has anyone recently used DT4X.com and received a payout after making profits? I read in the thread that they were a bit shady in terms of their physical address not having a real office, but their model seems quite interesting. snf
No physical address, I also read somewhere they are registered as a retail mom and pop shop, like a supermarket or something. What do you find appealing about them vs. FTMO or MFF? (Companies we are all using and getting paid from)
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