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  • #19,541
  • Sep 1, 2023 8:17am Sep 1, 2023 8:17am
MyFrozenFunds...
  • #19,542
  • Sep 1, 2023 8:24am Sep 1, 2023 8:24am
Quoting Eren10
{quote} You are tired I think. Ofcourse they look to these kind of things. It is about millions. This company is not bankrupt, it is just that the owners tries to steal the money. Stealing is a police matter.
Exactly, millions of dollars. The police are called if someone steals your bike.....they show up, see the acused has it and act appropriately.
This involves one of the largest regulatory agencies in the world and millions of dollars. What will the police do? Show up, call the CFTC and say, call it off, we found the money...it's in the safe under the bed......we will take it from here. Then the police will divy it up and figure out who is owed what and distribute it all over the world to it's rightful owners and everyone lives Happily Ever After.
Do you see how ridiculous you sound yet?
  • #19,543
  • Sep 1, 2023 8:31am Sep 1, 2023 8:31am
Quoting pipmaster77
{quote} Exactly, millions of dollars. The police are called if someone steals your bike.....they show up, see the acused has it and act appropriately. This involves one of the largest regulatory agencies in the world and millions of dollars. What will the police do? Show up, call the CFTC and say, call it off, we found the money...it's in the safe under the bed......we will take it from here. Then the police will divy it up and figure out who is owed what and distribute it all over the world to it's rightful owners and everyone lives Happily Ever...

i think you are wrong here

police is equipped with online criminal...and this is basically that! nothing else

if you will file against them in my country it is good to report the case to the police! so they go and investigate on dudes
  • #19,544
  • Sep 1, 2023 8:39am Sep 1, 2023 8:39am
Quoting Ivy77
{quote} i think you are wrong here police is equipped with online criminal...and this is basically that! nothing else if you will file against them in my country it is good to report the case to the police! so they go and investigate on dudes
Your local police department is not going to get involved with something the largest regulatory in the world is already investigating.......are you people being for real here?
  • #19,545
  • Sep 1, 2023 8:53am Sep 1, 2023 8:53am
Too many posts to read today. Better to let this serve as a reminder that profits should be put into personal accounts and/or reinvested. Do not rely on remote props in any permanent way; treat them as a tool.
  • #19,546
  • Sep 1, 2023 8:56am Sep 1, 2023 8:56am
You guys think its safe to sign up with FTMO right now, or wait?
  • #19,547
  • Sep 1, 2023 9:20am Sep 1, 2023 9:20am
There are some proper deadshit takes in this thread. Time to go watch tv. Police? Bro the regulator has frozen them. You call some nobody cop down at the local shop what you think they are going to do whilst the behemoth regulator is holding onto them? Joe down the local station he is gonna save you.

I think its time we all accept that the internet is just full of absolute idiots. Regulators freeze companies due to operational activities, things the business carried out. Sometimes freezes are just "stop what you are doing and tell us what you are doing", sometimes its due to reports, sometimes its due to wrong doing. But we will never know because most of these cases with companies who are not on the run but actually facing it generally get settled out of court and sealed.

I am sure that MFF would have loved to continue operating and paying people or if people think they are scam, having the ability to run away with money which is clearly not the case here, but their shit got frozen. And likely was frozen without them knowing until it was already done.

So people just have to wait to see what happens but it shouldn't take long, a date is mentioned it will likely end before that date as you could predict that this is likely to end before reaching that date with perhaps a fine or a needed disclosure or something along those lines. But you can be sure that the cat will be out of the bag and that other firms will be in the firing line, especially ones that are using brokers that can't onboard US citizens to onboard US citizens - anyone who uses a 3rd party broker.
  • #19,548
  • Edited 9:31am Sep 1, 2023 9:20am | Edited 9:31am
Quoting Nsak3y
Too many posts to read today. Better to let this serve as a reminder that profits should be put into personal accounts and/or reinvested. Do not rely on remote props in any permanent way; treat them as a tool.
Depending on your location, to make a living off of trading you either had to get to 30-60K in prop firm DD or 30-60K in personal account. The plan should be to leverage prop firms short term to get that 30-60K in personal trading capital.
  • #19,549
  • Sep 1, 2023 9:22am Sep 1, 2023 9:22am
https://www.sec.gov/news/press-release/2023-154

This is interesting:

The final rule will become effective 60 days after the date of publication of the adopting release in the Federal Register. The compliance date will be 365 days from the date of publication of the adopting release in the Federal Register.
  • #19,550
  • Sep 1, 2023 9:23am Sep 1, 2023 9:23am
Quoting Capablanca
Dylan (E8) in Telegram {quote} {quote} {quote}
Funding talent was a mess and their downfall was foreseen by everyone who had a brain when they started changing rules every day. There was zero indication of MFF imploding and they in fact appeared to be the most stable of all props so comparing the two isn't right. He has to say anything to calm his clients but best thing to do now is just yolo all prop accounts until the dust settles. That's my plan at least.
  • #19,551
  • Sep 1, 2023 9:25am Sep 1, 2023 9:25am
Quoting Ivy77
{quote} ) when did you hear any of Madoff money was given back ? what i have learnt from here is to start my own account with my own money! 2000 eur can buy you a lot if you can make 60-100% per year.....in 3 years you are free person.... now tell me if i am not right?? why would anyone need a prop retail firm? only those who can not make money consistently....fundign is NOT the problem when trading but the skill!
Some moths ago the owner of a bitcoin exchange took all the money, about 2 billion dollars, to his own crypto address. When he was stealing the money he said that they have technical problems. One day later he flee to another country where he could hide.

After months he is being caught and sentenced. I haven’t followed if they could take the money back. But this way is better then just let him go.


—-


About prop you are right I am also thinking like you. Only I needed fast money therefore I thought let’s give it a chance with unlimited time.

Own money trading with slow pace is good. Prop is based on ponzi scheme so the others will fall too when the good traders go to others or more people become better in trading.
  • #19,552
  • Sep 1, 2023 9:29am Sep 1, 2023 9:29am
Quoting Takisd
There are some proper deadshit takes in this thread.
That's just FF. The place where common sense comes to die.
Trade with confidence, trade without fear.
  • #19,553
  • Sep 1, 2023 9:42am Sep 1, 2023 9:42am
Quoting Cryptosurf
{quote} That's just FF. The place where common sense comes to die.
This thread was actually one of the brighter spots of FF before today. I guess the spotlight is on us now, so that's why.
  • #19,554
  • Sep 1, 2023 9:44am Sep 1, 2023 9:44am
I had been following the thread for days, and for the first time today, I struggled to read it. While what I've been reading has been emphasizing that my priority should be to reach the highest balance in MFF and FTMO, and only then consider other prop firms, today I'm happy that I didn't do that. But today is the time to review my future goals.
  • #19,555
  • Sep 1, 2023 9:44am Sep 1, 2023 9:44am
Quoting Takisd
There are some proper deadshit takes in this thread. Time to go watch tv. Police? Bro the regulator has frozen them. You call some nobody cop down at the local shop what you think they are going to do whilst the behemoth regulator is holding onto them? Joe down the local station he is gonna save you. I think its time we all accept that the internet is just full of absolute idiots. Regulators freeze companies due to operational activities, things the business carried out. Sometimes freezes are just "stop what you are doing and tell us what you are...
That's what I've been saying....the police? Are you fu%#&% serious? Yeah, let me call Joe down at the local station, he'll go get my $500 back.
  • #19,556
  • Sep 1, 2023 9:48am Sep 1, 2023 9:48am
Quoting Takisd
There are some proper deadshit takes in this thread. Time to go watch tv. Police? Bro the regulator has frozen them. You call some nobody cop down at the local shop what you think they are going to do whilst the behemoth regulator is holding onto them? Joe down the local station he is gonna save you. I think its time we all accept that the internet is just full of absolute idiots. Regulators freeze companies due to operational activities, things the business carried out. Sometimes freezes are just "stop what you are doing and tell us what you are...
I don't know how regulation cases work but is that normal that the first step is taking the company to court ?

I understand if there was a suspension to ask questions but is it usual procedures for that to be simultaneous (suspension and court) ?
  • #19,557
  • Sep 1, 2023 9:50am Sep 1, 2023 9:50am
Quoting pipmaster77
{quote} That's what I've been saying....the police? Are you fu%#&% serious? Yeah, let me call Joe down at the local station, he'll go get my $500 back.

You are drunk. Of course this is matter of police. Apparently you don’t follow news or know what the task of police is.

I am not expecting money back, but I don’t want him to flee freely to another country too.
  • #19,558
  • Sep 1, 2023 9:51am Sep 1, 2023 9:51am
Quoting pipmaster77
{quote} The FBI, CIA, all the alphabet agencies are bought and paid for. It is the "elite" who control them and yes, it most certainly is to keep wealth among the 1%......don't be so naive, I know you are smarter than that.
Ok, thanks but you still believe Trump won, so whatever you claim, comes with a saltshaker.
  • #19,559
  • Sep 1, 2023 9:52am Sep 1, 2023 9:52am
Inserted Video
  • #19,560
  • Sep 1, 2023 9:57am Sep 1, 2023 9:57am
Quoting Eren10
{quote} Sınırsız meselesi değil. Muhtemelen bazı adamlar son zamanlarda Petrol konusunda çok iyi ticaret yapmışlardı. MFF onlara ödeme yapmak istemedi ve kapıları kapattı.
This is a serious claim. On what basis are you saying this? Do you have any evidence? I'm curious, to be honest.
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