Prop Firm Hub | Page 967 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #19,321
  • Aug 31, 2023 6:24pm Aug 31, 2023 6:24pm
Quoting sampat
I really dont understand why US and Canadian governments are not after FOREX.COM and Oanda they are biggest scammers where spreads are way big slippages etc and what they did in swiss tsumani.....
Because those brokers are in the pockets of the regulators. It's all one big, disgusting swamp of bribes, payoffs, etc.
Yeah, this really sucks.
  • #19,322
  • Aug 31, 2023 6:26pm Aug 31, 2023 6:26pm
Quoting pipmaster77
{quote} Because those brokers are in the pockets of the regulators. It's all one big, disgusting swamp of bribes, payoffs, etc. Yeah, this really sucks.
gg type of stuff. I am maxed out with them as well, 600 funded gone, high pribability its gg.

FTMO on other hand is EU based, its safer i guess, so any props based in US and Canada on high alert
  • #19,323
  • Aug 31, 2023 6:27pm Aug 31, 2023 6:27pm
Quoting Ivy77
i have a position open....the rule is all positions must be closed before weekend...what now? i am with them for a year now...and just started doing better and getting payouts....and finally got used to MT4 and my charts.....do you know any other MT4 broker .......actually they are making profits and have 0 downside with me, and they get 60% i get onyl 40% (when you include fees and 50:50 payout ratio)
try fxify, ftmo and 5ers. but man if mff refutation fall. Then i won't be a fanboi of any firm.
I still trust MFF, this is about somethign with regulation, they are profitable company and i don't think they have to do something like this and rug pull the shit out of the traders.
  • #19,324
  • Aug 31, 2023 6:29pm Aug 31, 2023 6:29pm
Oh boy this doesn't look very good....

This is from their website.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-08-31 at 20.28.42.png Size: 66 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #19,325
  • Aug 31, 2023 6:30pm Aug 31, 2023 6:30pm
Quoting KoyaAndy18
{quote} try fxify, ftmo and 5ers. but man if mff refutation fall. Then i won't be a fanboi of any firm. I still trust MFF, this is about somethign with regulation, they are profitable company and i don't think they have to do something like this and rug pull the shit out of the traders.
Yes, reputed and profitable firm.

They will come back. There will be modifications in the licence though.
Intraday only.
  • #19,326
  • Aug 31, 2023 6:30pm Aug 31, 2023 6:30pm
now even chatting with discord community is prohibited, no discord, no mt5, no website to access. damn
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 43 KB
  • #19,327
  • Aug 31, 2023 6:31pm Aug 31, 2023 6:31pm
I mentioned weeks ago after Brent Seaman of Surge trader got busted by the SEC for running a 35M ponzi scheme unrelated to his prop firm that it was not good news and that I would increase risk thinking more short term than long term with props... Less than 1 month later Regulators go after MFF... SMH.
  • #19,328
  • Aug 31, 2023 6:34pm Aug 31, 2023 6:34pm
Why MyFF didn't post any link of notice? Atleast they should provide online reference. It reminds me TPT fiasco.
  • #19,329
  • Aug 31, 2023 6:35pm Aug 31, 2023 6:35pm
One user says, if this is effectively excercised on MFF, then prop firm industry will die.

Yuwas said " Yes "

This is in Discord
Intraday only.
  • #19,330
  • Aug 31, 2023 6:35pm Aug 31, 2023 6:35pm
Quoting navk
{quote} Yes, reputed and profitable firm. They will come back. There will be modifications in the licence though.
Amen brother! Hallelujah! If MFF doesn't comeback and cant give back my withdrawals I have no choice but to go back working in call center right away taking phone calls. Please let it be let it be.
  • #19,331
  • Aug 31, 2023 6:37pm Aug 31, 2023 6:37pm
Quoting navk
One user says, if this is effectively excercised on MFF, then all prop firm industry will die. Yuwas said " Yes " This is in Discord
How? only thing Regulators can do is make nexus with credit card companies and banned all prop firms like they did for Binary options and offshore forex brokers.
So what if MyFF decides to go offshore and I pay in crypto. How government will stop me.
(Canadian government can ban crypto too they have banned USDT)
  • #19,332
  • Aug 31, 2023 6:38pm Aug 31, 2023 6:38pm
Quoting navk
One user says, if this is effectively excercised on MFF, then prop firm industry will die. Yuwas said " Yes " This is in Discord
ahhrrrr... i am might need to get better at futures trading then, i absolutely suck there, FX is different story. This sucks beyond believe
  • #19,333
  • Aug 31, 2023 6:39pm Aug 31, 2023 6:39pm
Quoting KoyaAndy18
{quote} Amen brother! Hallelujah! If MFF doesn't comeback and cant give back my withdrawals I have no choice but to go back working in call center right away taking phone calls. Please let it be let it be.
This is why People here always caution... do not put everything in one firm.

Spread it with other firms.

Onething for sure.. Prop firm industry will not die so easily.

Spread your wings. Use your skill set with other firms.

Do not give up or do not loose confidence.

My profit share around 5 k is with MFF.

A solution will come.
Intraday only.
  • #19,334
  • Aug 31, 2023 6:40pm Aug 31, 2023 6:40pm
Quoting sampat
{quote} How? only thing Regulators can do is make nexus with credit card companies and banned all prop firms like they did for Binary options and offshore forex brokers. So what if MyFF decides to go offshore and I pay in crypto. How government will stop me. (Canadian government can ban crypto too they have banned USDT)
yes, they know the way.

Brainers.
Intraday only.
  • #19,335
  • Aug 31, 2023 6:41pm Aug 31, 2023 6:41pm
good thing i purchased the discounted fxify and passed it. i am almost passing uwm too.
i hope this kaler mod guy from bespoke is saying the truth that this is only happening with MFF. Maybe 1 account with mff won't hurt that much but if prop firm industry die, man that is just too sad.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB
  • #19,336
  • Aug 31, 2023 6:42pm Aug 31, 2023 6:42pm
Quoting KoyaAndy18
{quote} try fxify, ftmo and 5ers. but man if mff refutation fall. Then i won't be a fanboi of any firm. I still trust MFF, this is about somethign with regulation, they are profitable company and i don't think they have to do something like this and rug pull the shit out of the traders.
i hope so too...but i can not wait for them...11 days not trading is just soo much and i got used to MT4..basically i can manage without them just need the platform..... i got scammed once. This is all so sad that there is not one normal company as if FX is sooo attractive it's the most difficult thing I have done in my life so far.
  • #19,337
  • Aug 31, 2023 6:42pm Aug 31, 2023 6:42pm
I believe that more information is required.
The news article that I read compared prop firms to ponzi scams. Prop firms use 'their money', ponzi firms use the clients money. I guess the important detail will be where the funding for the trading is sourced and what type of disclosures are made to the contributors.
  • #19,338
  • Aug 31, 2023 6:43pm Aug 31, 2023 6:43pm
Something good here.


https://discord.com/channels/9769257...26157259825202

Matt CEO says there is nothing to worry about myfundedfx and the traders with them.

Also he says MFF will resolve the problems of theirs.
Intraday only.
  • #19,339
  • Aug 31, 2023 6:48pm Aug 31, 2023 6:48pm
Quoting navk
Something good here. https://discord.com/channels/9769257...26157259825202 Matt CEO says there is nothing to worry about myfundedfx and the traders with them. Also he says MFF will resolve the problems of theirs.
I wouldn’t believe anything these guys say at the moment.
Trade with confidence, trade without fear.
  • #19,340
  • Edited 7:06pm Aug 31, 2023 6:48pm | Edited 7:06pm
Quoting KoyaAndy18
good thing i purchased the discounted fxify and passed it. i am almost passing uwm too. i hope this kaler mod guy from bespoke is saying the truth that this is only happening with MFF. Maybe 1 account with mff won't hurt that much but if prop firm industry die, man that is just too sad. {image}
Well if MyFF goes down it will bring every thing in North america down. Regulators always goes after TOP BIGGEST THING so it will have ripple effect on smaller firms.
Now with what's happening with MyFF people with stop signing up with E8, TPT, MyFundedFx, etc (all north america brands) which serves purpose of regulators simple. Their sales will decrease significantly atleast for couple of months.
71 traders viewing now