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  • #21,182
  • Sep 8, 2023 10:46am Sep 8, 2023 10:46am
Quoting Tovip
{quote} I actually googled it...Couldn't find anything...But who knows, he might know something I don't know. Will appreciate it if anyone has more info to share.
He spent $15 on Pacer, now he is the king of MFF gossip on this thread.
  • #21,183
  • Sep 8, 2023 10:48am Sep 8, 2023 10:48am
Quoting Tovip
{quote} I actually googled it...Couldn't find anything...But who knows, he might know something I don't know. Will appreciate it if anyone has more info to share.
I had to put him on ignore.

Its in Pacer, I personally will not distribute information and documents from there (its my friends paid subscription and he is following the case) but I am curious as to why the person who is now famous from doing so is not doing so. Lets see. You will see shortly that its been pushed, and anyone who expect it to happen on the 11th shouldn't have because its a very short time frame to have a case of any sort. Its a pressure tactic by the authorities.

Ignore the idiots who are here to cause trouble. Focus on the facts and what the authorities say. If MFF is found guilty, likely you will get reimbursement as it appears they had no financial issues. If they are found innocent, who knows the result most likely a lot of people will get sued.
  • #21,184
  • Sep 8, 2023 10:57am Sep 8, 2023 10:57am
Hey cool down guys.

When situation is not that good, take rest from Forex factory thread to come and post later.

Both guys are invaluable to this thread as well as FF
Intraday only.
  • #21,185
  • Sep 8, 2023 11:01am Sep 8, 2023 11:01am
Some hairy goofball put me on ignore today. what a relief. I hope he stops bugging me from now on. Made my day...
  • #21,186
  • Sep 8, 2023 11:02am Sep 8, 2023 11:02am
Quoting navk
Hey cool down guys. When situation is not that good, take rest from Forex factory thread to come and post later. Both guys are invaluable to this thread as well as FF
Ahhh, you're so nice navk.
  • #21,187
  • Sep 8, 2023 11:03am Sep 8, 2023 11:03am
Quoting Takisd
{quote} I had to put him on ignore. Its in Pacer, I personally will not distribute information and documents from there (its my friends paid subscription and he is following the case) but I am curious as to why the person who is now famous from doing so is not doing so. Lets see. You will see shortly that its been pushed, and anyone who expect it to happen on the 11th shouldn't have because its a very short time frame to have a case of any sort. Its a pressure tactic by the authorities. Ignore the idiots who are here to cause trouble. Focus on the...
No worries. At least now I know there won't be any new update next Monday. Thank you for that.

The money held in MFF is not the thing I am worried about most...umm...I am more concerned with what kind of domino effect it has to the whole industry. MFF might be guilty from some ppl's perspective, but if the least shady firm (e.g. MFF) can fall, I wonder what it would do to the more shady ones. It seems that TFF, FTMO, 5ers, fxify are the remaining reputable ones left that are not in US or Canada. Can't recall seeing anyone with a payout from Funded Engineer here yet, so can't comment on that.

Anyway, thx for the update!
memento mori
  • #21,188
  • Sep 8, 2023 11:06am Sep 8, 2023 11:06am
Quoting OutThere
{quote} Ahhh, you're so nice navk.
I mean what I said.

This thread itself is invaluable, thanks to Mastermind.

Secondly, let us respect everybody's view.

MFF case ongoing, in fact every trader is affected but we can do nothing but only wait to see the outcome.
Intraday only.
  • #21,189
  • Sep 8, 2023 11:06am Sep 8, 2023 11:06am
Quoting Tovip
{quote} No worries. At least now I know there won't be any new update next Monday. Thank you for that. The money held in MFF is not the thing I am worried about most...umm...I am more concerned with what kind of domino effect it has to the whole industry. MFF might be guilty from some ppl's perspective, but if the least shady firm (e.g. MFF) can fall, I wonder what it would do to the more shady ones. It seems that TFF, FTMO, 5ers, fxify are the remaining reputable ones left that are not in US or Canada. Can't recall seeing anyone with a payout from...
This is the chap on twitter https://twitter.com/TraderNOK who had been posting recent things about the case.

Take it with a grain of salt, as it appears he has an agenda.
Trade with confidence, trade without fear.
  • #21,190
  • Sep 8, 2023 11:08am Sep 8, 2023 11:08am
Quoting Tovip
{quote} No worries. At least now I know there won't be any new update next Monday. Thank you for that. The money held in MFF is not the thing I am worried about most...umm...I am more concerned with what kind of domino effect it has to the whole industry. MFF might be guilty from some ppl's perspective, but if the least shady firm (e.g. MFF) can fall, I wonder what it would do to the more shady ones. It seems that TFF, FTMO, 5ers, fxify are the remaining reputable ones left that are not in US or Canada. Can't recall seeing anyone with a payout from...
Yes, that is list is correct in my view too.

I am doing with funded engineer. In phase 1 only.

so far good
Intraday only.
  • #21,191
  • Sep 8, 2023 11:09am Sep 8, 2023 11:09am
Quoting Takisd
{quote} I had to put him on ignore. Its in Pacer, I personally will not distribute information and documents from there (its my friends paid subscription and he is following the case) but I am curious as to why the person who is now famous from doing so is not doing so. Lets see. You will see shortly that its been pushed, and anyone who expect it to happen on the 11th shouldn't have because its a very short time frame to have a case of any sort. Its a pressure tactic by the authorities. Ignore the idiots who are here to...
He seemed to show his cards fairly quickly.
Trade with confidence, trade without fear.
  • #21,192
  • Sep 8, 2023 11:12am Sep 8, 2023 11:12am
Quoting Tovip
{quote} No worries. At least now I know there won't be any new update next Monday. Thank you for that. The money held in MFF is not the thing I am worried about most...umm...I am more concerned with what kind of domino effect it has to the whole industry. MFF might be guilty from some ppl's perspective, but if the least shady firm (e.g. MFF) can fall, I wonder what it would do to the more shady ones. It seems that TFF, FTMO, 5ers, fxify are the remaining reputable ones left that are not in US or Canada. Can't recall seeing anyone with a payout from...
There is a giant question mark to be honest. I wouldn't be buying prop firm accounts now if the money is of any meaning to you. I am a degen and even i am not buying any in this moment. I am already regretting getting involved from day 1.

The location of the prop firm is irrelevant in terms of what could happen. The question is around laws. For example, people in here are saying MFF did this and that, but the context is missing the argument will need to be made whether the profiles made by MFF were worse or better than market conditions. From the profile email that is public to the best of my knowledge, the conditions were better than real market conditions on all fills so what is the context of the other emails?. I have had way worse feed experiences with multiple firms, so what does it mean they are doing? I have seen the tools used to ban/remove traders that are using external brokers.
The accusation that MFF purposely made A-book customers lose is so insanely ludacris that it makes the water very muddy.

The scariest part in my opinion is that MFF along with FTMO were the clean ones, I had little to no issues with either of them including payouts feed execution etc. Whats going to happen to the others, regardless of where they are? And thats my rationale around avoiding props since the MFF case started.

It only needs a bit of patience I think, these things usually settle somewhere around what might have actually happened, the story telling before the code violations in my opinion is optics. There are 10 emails in public record, 9 of which are normal one of which isnt evidence just inflammatory language.

Are traders really going to blame 0.1 slippage on their 5 lot trade for their failures? Because thats supposedly what slipping them to hell is.
  • #21,193
  • Sep 8, 2023 11:12am Sep 8, 2023 11:12am
Quoting Takisd
{quote} I personally will not distribute information and documents from there

but I am curious as to why the person who is now famous from doing so is not doing so. Lets see. .
Have I got time to get at least 3 more bi weekly payouts before the case and ensuing prop hysteria?

I think that guys too busy filing his complaints too update us
Lark funding in his firing line now
  • #21,194
  • Sep 8, 2023 11:15am Sep 8, 2023 11:15am
Quoting rizla101
{quote} Have I got time to get at least 3 more bi weekly payouts before the case and ensuing prop hysteria? I think that guys too busy filing his complaints too update us Lark funding in his firing line now
The purpose of this 2M$ guy is to make the regulators fed up and to just blanket ban.

The language he types in though is so much similar to rajabanks. I was reviewing both of their twitter accounts and it seems that at the very least they are culturally the same.
  • #21,195
  • Sep 8, 2023 11:16am Sep 8, 2023 11:16am
Quoting navk
Hey cool down guys. When situation is not that good, take rest from Forex factory thread to come and post later. Both guys are invaluable to this thread as well as FF
Not trying to be an ass kisser but I agree with navk. There's only one reason I post on this thread, only one, is to not get fxxked by shady prop firms. I noticed how...when there's delay to big payout from prop firms, they would "magically get resolved' once it's posted on this forum. I think it's the least we can do to protect ourselves against shady prop firms, by posting payout evidence from the prop firms that haven't got much of a reputation yet, or post it if no payout has been received.

The more info we share with each other, the more benefits we get Shady prop firms are the real enemy.
memento mori
  • #21,196
  • Sep 8, 2023 11:22am Sep 8, 2023 11:22am
Quoting Takisd
{quote} There is a giant question mark to be honest. I wouldn't be buying prop firm accounts now if the money is of any meaning to you. I am a degen and even i am not buying any in this moment. I am already regretting getting involved from day 1. The location of the prop firm is irrelevant in terms of what could happen. The question is around laws. For example, people in here are saying MFF did this and that, but the context is missing the argument will need to be made whether the profiles made by MFF were worse or better than market conditions....
Ya my original plan is to wait for the hearing on 11th Sep before getting any new challenges. Now that it has been moved, I will just stick to my FTMO funded account for now.

I do hope MFF will come out of this tho I am not sure if the chance is high. But if MFF falls, I can't see how it would be good to the whole prop firm industry, or to the traders who been making consistent profits with prop firms.
memento mori
  • #21,197
  • Sep 8, 2023 11:22am Sep 8, 2023 11:22am
Quoting Takisd
The land of boiler room scams - Israel and binary scams - Israel is now giving us a lesson on legitimacy in prop firms? Please. The tradernok guy now is showing his face, he is a failed trader with a law degree/knowledge looking to seek revenge on an industry seemingly to the benefit of someone. Who the fuck spends their time - anonymously on the internet - telling the world you are preparing official complaints to the FCA for money laundering. Official complaints general come from someone who is wronged by a company. The suspicion and language...
Israel might have some issues with boiler rooms just as some other jurisdictions further East but to my knowledge none of them were meant to last 7 years. Dont know the logic why anyone with just the minimum of common sense would choose a prop firm in the current environment thats barely up and running over a company that has been in business for 7 years? Any fact based info why the 5ers are supposed to be worse than the companies that you guys prop here? Which other company has been up and running that long? Yes, you might say FTMO but....
  • #21,198
  • Sep 8, 2023 11:25am Sep 8, 2023 11:25am
Quoting SirMcPip
{quote} Israel might have some issues with boiler rooms just as some other jurisdictions further East but to my knowledge none of them were meant to last 7 years. Dont know the logic why anyone with just the minimum of common sense would choose a prop firm in the current environment thats barely up and running over a company that has been in business for 7 years? Any fact based info why the 5ers are supposed to be worse than the companies that you guys prop here? Which other company has been up and running that long? Yes, you might say FTMO but....
The guy has openly stated in the past they are "virtual" and now stating they are only A book. Originally their programs that were for that 7 years were absolutely positively built to make traders lose.

Plenty of people will back me up on that, the old 5ers programs were nasty to say the least. As a prop firm on the evaluation model, they are new.
  • #21,199
  • Sep 8, 2023 11:30am Sep 8, 2023 11:30am
Quoting Takisd
{quote} the old 5ers programs were nasty to say the least. As a prop firm on the evaluation model, they are new.
I've straight out avoided their programs in the past, and based on what I've heard from the CEO's interview, I'll continue to avoid them.
  • #21,200
  • Sep 8, 2023 11:37am Sep 8, 2023 11:37am
Date 11 th september hearing is moved ?
Intraday only.
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