trade like the 5% contrarians not the 95% losers ![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
DislikedIt's really sad to see that MFF is down ( hopefully temporarily). Please share your thoughts/inputs on the alternatives based on the following MFF features. One step evaluation No time limit Profit sharing from the evaluation phase. Daily DD 6% Max DD 12% No restrictions on News trading, EA, Overnight and weekend holding. Leverage 1:100 Max profit split (live account)Ignored
Dislikedeurope will close down ftmo in the next few days theyre called FOREX prop firms for a reason and theyve moved into futures contract territory without paying fees to the exchanges greed just killed the golden goose LOLIgnored
Disliked{quote} It's sad but we've discussed regulation on this thread in detail for the last 1 year or so and this was surely coming sooner rather than later. Only question now is what prop firm survives these regulators. I hope people dont go rushing to ftmo now to buy challenges and then the regulators suspend them too very soon. Would be interesting to get an official comment from ftmo regarding their standing.Ignored
Disliked{quote} It's sad but we've discussed regulation on this thread in detail for the last 1 year or so and this was surely coming sooner rather than later. Only question now is what prop firm survives these regulators. I hope people dont go rushing to ftmo now to buy challenges and then the regulators suspend them too very soon. Would be interesting to get an official comment from ftmo regarding their standing.Ignored
Disliked{quote} Amen anh ơi! Hallelujah! Nếu MFF không quay lại và không thể trả lại số tiền tôi đã rút, tôi không còn lựa chọn nào khác ngoài việc quay lại làm việc tại trung tâm cuộc gọi ngay lập tức để nhận các cuộc gọi điện thoại. Hãy để nó như vậy đi.Ignored
Disliked{quote} something will get ironed out...the props wont offer futures contracts to trade if they dont want to pay the fees but everybody will lose money until the new business model is unveiled in the meantime FF will be deserted cause most of the new members that joined the past couple years were all prop traders LOLIgnored
Disliked{quote} Well technically they are paying fees. CFD doesn't come out of thin air. CFD brokers liquidity provider must be paying fees to exchange to execute orders. Spreads in futures are pretty less as compared to CFD contract. If they are B-Booking exchange have no right to claim fees.Ignored
DislikedI hope people dont go rushing to ftmo now to buy challenges and then the regulators suspend them too very soon.Ignored
DislikedThere is no regulation until now in force for prop firms to my knowledge.Ignored
Disliked{quote} Well technically they are paying fees. CFD doesn't come out of thin air. CFD brokers liquidity provider must be paying fees to exchange to execute orders. Spreads in futures are pretty less as compared to CFD contract. If they are B-Booking exchange have no right to claim fees.Ignored
Disliked{quote} your missing the point. CFD's arent legal in america for one if a spread betting broker in uk lets you buy the nasdaq he sure as hell is paying the CME exchange a fee to do it plus the data fees they charge for realtime futures prices even the futures prop firms have to pay and they probably the ones that dropped the dime on the forex ones LOL there model is monthly fees for data, platform and fees of all kinds sign up to some offshore company that doesnt offer futures to trade and that should be fine otherwise the exchanges will want their...Ignored
Disliked{quote} They're based in Czechia, aren't they? Might not be an issue for most people. If you're a US or a Canadian trader, probably best to avoid any prop until the dust settles. {quote} At best, this type of prop is a legally gray area in the US. We love our licensing regimes here, and copy trading is kind of a cutesy workaround.Ignored
DislikedI expect that another detail that will concern regulators in the US and Canada is that they want to get a piece of the pie. If the the company controlling the prop firm is located in the US for example, I bet the US wants to make sure all of the income earned is either taxed in the US or covered by a tax treaty. It's the way that casinos work in the US. Foreigners get taxed on their winnings in the casino. All of the countries where forex earnings are using after tax income and therefore exempt would be magnets for US and Canadian tax authorities...Ignored