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I have proven those calculations to be incorrect on this thread already several months ago, so I will leave that also to that.

Starts in 1min. I will listen in:

Euler calculation is the way to do it correctly as I have done it. You are wrong! Second time today! I have a doctor degree in trading and taught finance math at the university and you tell me what ??? My score is definitely CORRECT !!! That Asic prop you said is rubbish! If you ask for opinion but cannot hear any negatives you should not ask.

Yes I know. Actually, I believe that most of the allegations are false - out of context allegations. Because if you are going to use those elements as "fraud" then you best go chase all the FX/CFD brokers globally for fraud because there is literally nothing in there that everyone isn't doing and it comes down to the trading platform itself and its lack of capabilities.

Regardless, its going to be super interesting how this pans out, all reports so far are that its going to be a dog fight.

Thanks, I sent them a message to clarify.

As a side note, I signed up for FXIFY to test it for indicie trading. 100K account with some 20% of code I found somewhere.

PRO: No commission
CON: Their margin requirements is a bit eye watering. 5x the amount of FTMO.

So in the words of the legendary gambler Anatoly Dyatlov. "Not Great, Not Terrible"

+ their broker, lcmfx, is total crap, but they call it "Industry leading reputable executing broker"

I think FidelCrest is a good option as they are based in Cyprus away from any US regulators and they currently have some good offers at the moment. I'm busy with an evaluation with them and so far so good, haven't got any complaints so far.

If I was a betting man, they'll settle and disappear with what scraps are left over.. hope I'm wrong but how much money is he going to burn on lawyers to prove a point, is he that kind of guy?

I think FidelCrest was on my poop list. Not sure why but I remember it was a pretty clear red flag. Maybe someone can remember the details.

Thanks. That was the kind of information I was looking to receive.

Any information on this one, please?
https://hub.instantfunding.io/

I posted the other day, if I was MFF lawyers, I would be gathering the evidence demonstarting that all of the "regulated" brokers under their regulation do THE EXACT SAME THING. That is EXACTLY the argument.

Watching the CEO of the 5%ers, he says, in reading the document, the accusations demonstarte they have no clue how trading even works. Exactly what I have been saying......regulating shit they know nothing about.

The 5ers CEO is naive. He tells us in the youtube stream that their traders are trading real funds. Then you need to be financial advisor and needs a kind of banking license, otherwise it is nowhere allowed. And if they choose an offshore jurisdiction then the traders needs to have a license to take real foreign money for own trading.

guys are you watching this? 5ers ceo has very similar model to mff, they have their own liquidity provider, but claims that mff ran their stuff as broker, a bit confusing, not sure what to think of this.

They ( regulating fu***cs ) ) will go on a rampage to ban every one around the world.

Stupid fu**ks )

You simply cannot have a fund where traders after evaluation can get access to REAL money of this fund WITHOUT any license of this FUND to be allowed to give money to other traders. Then they need a license AND are regulated in all major jurisdictions worldwide. If they then ever choose to be offshore then it turns to the trader who then needs to be licensed and regulated. You simply cannot trade foreign real money without license and reguation, NOWHERE. All those prop models are wrong and can get caught from regulators.

I received this email...

In light of the recent CFTC involvement in the Retail Prop Firm industry, we have compiled the following FAQs to be fully transparent with our community about how Finotive Funding has and will continue to operate.

Hopefully these clarifications will not only show how we have and always will be fully transparent, but will also help you understand what goes on behind the scenes at a reputable prop firm.


1. Is Finotive Funding regulated?
-No, because there is no regulation required to run a retail prop firm.

2. Is Finotive Markets regulated?
-No, because the brokerage is based in SVG, which is a geographical location that does not require regulation to offer CFD products.

3. Are you ever trading the live companies money?
-No, due to regulations especially in Germany, we are unable to offer traders the ability to execute themselves directly to market. When trading with Finotive you are on a LIVE SERVER however this live server is non execute, thus meaning the trades are warehoused and they are NOT directly executed to the market.

4. Is there real liquidity?
-We use a data feed from Finotive Markets with no liquidity in itself, but rather a simulated price feed from what Finotive Markets receives from its pool of Liquidity Providers.

5. Do you A-Book all funded traders (Copy to Live accounts)?
-Not necessarily. Our risk team will perform a psychometric risk assessment on all accounts to determine the risk that Finotive wants to take on your trades. It is at our discretion how much we cover traders to our A Book account based on all previously mentioned factors.

6. How much do you cover traders to A-Book and how is this decided?
-Our risk team factors in the traders history, current positions across the book plus many other factors. This is all taken into account to decide the weight we want to cover your trades, and then we may choose to execute on your behalf directly from our live A-Book master account with Finotive Markets.

For a new instant funding trader who has not had any previous accounts with us and therefore we have no history to analyse, we may choose to cover them with a very low weight initially and readjust this as we accrue more data on them.

7. How do we profit and pay our traders?
-When traders purchase an account, the upfront fee goes into a pot. If a ‘funded’ trader were to be covered 100% on our A-Book account meaning that their trade is copied 100% and they generate profit, then their profit split would be paid fully from the trades profits, with finotive keeping our split of your profits.

Instead, if a trader is covered <100%, then any profits generated by them will be paid from profits from our A-Book covering, with any difference made up from the pot of challenge fees.

For example, a trader with a profit split of 75% makes $1,000, with their trades being covered at a 50% rate to our A-Book account. The trader then requests a payout of the $1,000 which equals a $750 split for the trader. In this case, $500 of their profits would have been generated from our A-Book account, and so Finotive would then pay the remaining $250 from the challenge fee pot.

Therefore, we benefit from successful traders if covered 100%, however we also benefit from the accumulation of challenge fees as this both covers the coverage difference, and contributes to our business profits.

8. Does Finotive Funding use 3rd party software to decrease the profitability of traders such as marking up spreads, add delays or worsen market conditions?

-By receiving our price feed from Finotive Markets, Finotive Funding has no control over the quotes, the spread fluctuations, the fill prices (slippage), or delays, but instead provides the trader with an exact simulation of Finotive Markets’ trading conditions as if they were trading their own funds with the brokerage.

We hope these answers are useful to you. Please, if you have any questions that hasn't been answered yet, make sure to join our Telegram or Discord community and ask our Team directly!
Ben Hardman
Chief Operating Officer
Finotive Funding

Later there will be time for questions not yet answerwed, perhaps you could pose your questions in the chat?

To make it simple if I give a trader real money to trade then I need to have a license to do so, otherwise it is not allowed. That is in Germany and EU and also in USA and all major jurisdictions. Everytime when real money is involved then a license is required and you are fully regulated. Point. Any prop firm which is saying the traders are trading REAL funds is just too stupid. AND if the prop is not regulated then the traders needs to have a financial advisor license so (s)he allowed to take foreign real money for his own trading. Point. Otherwise all gains needs to be paid back (and all challenge fees too), because it is illegal.