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  • #21,441
  • Sep 11, 2023 3:55pm Sep 11, 2023 3:55pm
from twitter.

@TraderNOK
·
3h
As information came out in public, I can tell that literally every propfirm received communications from Deel for review. So expect some delays in payout processing. I'm sure, firms will process those through wire / crypto if the issue persistsand don't worry. This is not with one firm. I checked with 12 different firms. Every one received it. Review of a few will be over tomorrow. a few scheduled for Wednesday. I can also confirm that futures propfirms also received [atleast 2, I checked]
  • #21,442
  • Sep 11, 2023 4:06pm Sep 11, 2023 4:06pm
Quoting rizla101
every propfirm received communications from Deel for review. So expect some delays in payout processing.
-This could honestly go either way. In lieu of just dropping these firms, they seem to be making some effort. It may be difficult to know what purpose these efforts currently serve. Then there is the matter of what they are asking from these props and how each prop will respond.
  • #21,443
  • Sep 11, 2023 4:19pm Sep 11, 2023 4:19pm
Dont know it has already been posted. If it was, please ignore it.

https://www.capitalmarketstribunal.c...-murtuza-kazmi
  • #21,444
  • Sep 11, 2023 4:32pm Sep 11, 2023 4:32pm
Quoting Capablanca
{quote} You are playing a videogame. Your payouts are coming from the lost challenges. Ignore what is written in the server name. "Demo", "Live" or anything else is just fake stuff. They could have there something like "Server 3 - We are here for you money" or "Server 3 - you suck at trading". This is as valid as anything else. Finotive even has "Live" in their challenges. Do you think they put money in real market when you are doing phase 1 challenge ? Focus in doing good trading and which props are paying and don't spend energy with this demo...
In the last 25/30 pages, this thread talks only that.

I mean demo feed or live feed.

Yes, I would also say focus on trading.
Intraday only.
  • #21,445
  • Sep 11, 2023 5:03pm Sep 11, 2023 5:03pm
Quoting SirMcPip
Dont know it has already been posted. If it was, please ignore it. https://www.capitalmarketstribunal.c...-murtuza-kazmi
October 31?????
  • #21,446
  • Sep 11, 2023 5:10pm Sep 11, 2023 5:10pm
Quoting pipmaster77
{quote} October 31?????
A case like this could very well take months to resolve.
Trade with confidence, trade without fear.
  • #21,447
  • Sep 11, 2023 5:23pm Sep 11, 2023 5:23pm
Quoting TrAndy1
{quote} Deel ? Which prop ? Are they not having problems with Deel right now too ?
Attached Image (click to enlarge)
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  • #21,448
  • Sep 11, 2023 5:54pm Sep 11, 2023 5:54pm
Quoting Cryptosurf
{quote} A case like this could very well take months to resolve.
MFF and court know when they want to resolve.

IMO, this would take until september to see for us.

Until then whatever we write here is not going to be correct.
Intraday only.
  • #21,449
  • Sep 11, 2023 5:58pm Sep 11, 2023 5:58pm
Quoting navk
{quote} MFF and court know when they want to resolve. IMO, this would take until september to see for us. Until then whatever we write here is not going to be correct.
When ever regulators especially in north America goes after someone there is no return unless you have billions of dollars to pay as kickbacks. Look at all major banks and firms like goldmans sacs every one is doing some sort shady forex cartel but always gets way with profits in dollars and fines in penny's.
  • #21,450
  • Sep 11, 2023 6:03pm Sep 11, 2023 6:03pm
Quoting sampat
{quote} When ever regulators especially in north America goes after someone there is no return unless you have billions of dollars to pay as kickbacks. Look at all major banks and firms like goldmans sacs every one is doing some sort shady forex cartel but always gets way with profits in dollars and fines in penny's.
MFF appointed Lawyers are expensive I believe.

A wise businessman will not spend un necessarily on Lawyers for loosing cause.

If not worth fighnting, MFF would be moving by now to open HO offshore.

What do you think ?

I am just logically thinking.
Intraday only.
  • #21,451
  • Sep 11, 2023 6:09pm Sep 11, 2023 6:09pm
Quoting navk
{quote} MFF appointed Lawyers are expensive I believe. A wise businessman will not spend un necessarily on Lawyers for loosing cause. If not worth fighnting, MFF would be moving by now to open HO offshore. What do you think ? I am just logically thinking.
Well wise man needs to spend money to avoid criminal or jail time. CFTC may take away every thing plus adds fines. So this case is not just for survival. Going offshore is not easy as it seems and now its too late. They can't go offshore without any judgement.
  • #21,452
  • Sep 11, 2023 6:16pm Sep 11, 2023 6:16pm
Quoting sampat
{quote} Well wise man needs to spend money to avoid criminal or jail time. CFTC may take away every thing plus adds fines. So this case is not just for survival. Going offshore is not easy as it seems and now its too late. They can't go offshore without any judgement.
He will open offshore in his son's name FFM and not MFF.

ha..ha...

And jail term ?

As long as underhand dealing is wiped out in western world ( also ) .. I assume what you say may happen.

I mean jail term.

And if that happens, all prop firm CEO 's will find same rules, i mean jail term.

Having seen the world ..i bet nothing of that to happen.
Intraday only.
  • #21,453
  • Sep 11, 2023 6:27pm Sep 11, 2023 6:27pm
Quoting navk
{quote} He will open offshore in his son's name FMM and not MFF. ha..ha... And jail term ? As long as underhand dealing is wiped out in western world ( also ) .. I assume what you say may happen. I mean jail term. And if that happens, all prop firm CEO 's will find same rules, i mean jail term. Having seen the world ..i bet nothing of that to happen.
Well again until judgment passes they can't easily use family members name unless they live in some other place , location or different last names. CFTC can turn this case into fraud case like barnie madoff which can be processed as criminal case. It is sad but good prop firm is screwed because of stupid regulators.
  • #21,454
  • Sep 11, 2023 6:29pm Sep 11, 2023 6:29pm
Really tired of discussing MFF. Whatever happens happens. No sense in analyzing every day over and over.

Let's move on to a new opportunity:

FundingTitties.com

Raunchy spreads (no pun intended) and some pretty smelly slippage.

Respectable CEO, can't go wrong on this one.
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #21,455
  • Sep 11, 2023 6:31pm Sep 11, 2023 6:31pm
Quoting sampat
{quote} Well again until judgment passes they can't easily use family members name unless they live in some other place , location or different last names. CFTC can turn this case into fraud case like barnie madoff which can be processed as criminal case. It is sad but good prop firm is screwed because of stupid regulators.
All thse may not happen.

The expensive Lawyers will find solution.
Intraday only.
  • #21,456
  • Sep 11, 2023 6:34pm Sep 11, 2023 6:34pm
Is MFF the unique firm down, or some other in the our top 5 suspended registrations of new clients?

FTMO and TFF unique props to stay away from US/CA/UK?
in holiday till end of November
  • #21,457
  • Sep 11, 2023 6:35pm Sep 11, 2023 6:35pm
What i am saying is...extreme action on MFF or CEO is unlikely.

Time will answer all of us.

Till that time, we shall focus on what we have currently in hand.

I have not written off my 1 x 200k account with them and 5 k payout with them as of now as written by many here.

For me it is on HOLD
Intraday only.
  • #21,458
  • Sep 11, 2023 6:36pm Sep 11, 2023 6:36pm
Quoting forexbali
Is MFF the unique firm down, or some other in the our top 5 suspended registrations of new clients? FTMO and TFF unique props to stay away from US/CA/UK?
I live in canada.

FTMO did not suspend my account, neither disallowed my new sign ups.
Intraday only.
  • #21,459
  • Sep 11, 2023 6:36pm Sep 11, 2023 6:36pm
Quoting navk
{quote} All thse may not happen. The expensive Lawyers will find solution.
Expensive lawyers doesn't have enough money to buyout judges Why do you think big banks gets away with insider trading with negligible fines. Do you think it is because of lawyers? It may be the case where regulated brokers like Forex.com or oanda started this case as these prop firms were taking away their business. Do you think MyFF has more money than forex.com or oanda?
  • #21,460
  • Edited 6:52pm Sep 11, 2023 6:38pm | Edited 6:52pm
Quoting Takisd
{quote} I think people need to really chill until after the MFF thing has a conclusion. No one knows what things look like until then, it could end up looking exactly as it did before the MFF CFTC battle. Its been a week since the case is officially opened but people already seem to think a) MFF will be found guilty of all charges and b) its the end of life as we know it. I dont think either is true, but its dangerous to play in the pool whilst things sort themselves out. Deel will probably be back, prop firms are essentially their business without...
However this ends with MFF, some shakeout of the worst actors, lowlifes and scumbags would be welcomed.
Trade with confidence, trade without fear.
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