Prop Firm Hub | Page 1155 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #23,081
  • Sep 28, 2023 6:13am Sep 28, 2023 6:13am
Quoting Capablanca
{quote} We know regulators always have an agenda but it's quite shocking to see that they don't have any shame in doing something like this for everyone to see. "Confusing" taxes with misappropriation of funds is something that nobody could have mistaken. How can someone doing it qualify for this job if they are "confusing" such an elementar thing ?
lol, not sure, they say Joe Biden is qualified to be President and he cannot form one single cognitive thought. So it's kinda what we do here.
  • #23,082
  • Sep 28, 2023 6:23am Sep 28, 2023 6:23am
I think prop firms just have to admit publically that they are totally disconnected from the market and all "trades" are just simulated. They just act like a casino or lottery and we are just casino players using some tricks to win (minus nice chicks and free drinks). They pay the winners with money spent by the majority of other players.

Therefore, they would be no issue about getting any license whatsoever for the client, ie the player. But then, they would admit they were lying from the start and they would lose some clients convinced they can make a long term income as traders out of them.
Don't give up on your dreams. Keep sleeping.
  • #23,083
  • Sep 28, 2023 6:29am Sep 28, 2023 6:29am
Quoting Artcool
I think prop firms just have to admit publically that they are totally disconnected from the market and all "trades" are just simulated. They just act like a casino or lottery and we are just casino players using some tricks to win (minus nice chicks and free drinks). They pay the winners with money spent by the majority of other players. Therefore, they would be no issue about getting any license whatsoever for the client, ie the player. But then, they would admit they were lying from the start and they would lose some clients convinced they can...
even if only 100 or so were a'booked at mff, then saying what you are saying they would have to say is false. Its really a weird scenario where you can't back yourself into a corner.
  • #23,084
  • Sep 28, 2023 6:38am Sep 28, 2023 6:38am
Quoting Takisd
{quote} even if only 100 or so were a'booked at mff, then saying what you are saying they would have to say is false. Its really a weird scenario where you can't back yourself into a corner.
There is no evidence they A-book anyone. Actually, they would have to prove it with deal tickets from LPs. But IMHO, they don't even do it. They keep fuzzy about the question because if they do admit it, they would admit all their lies.

Remember they were all talking not a long time ago about funded accounts being all live accounts.

The funder of the5ers was owning a binary trading firm before people understood the scam. I don't know about the others.
Don't give up on your dreams. Keep sleeping.
  • #23,085
  • Sep 28, 2023 6:50am Sep 28, 2023 6:50am
Quoting Artcool
{quote} There is no evidence they A-book anyone. Actually, they would have to prove it with deal tickets from LPs. But IMHO, they don't even do it. They keep fuzzy about the question because if they do admit it, they would admit all their lies. Remember they were all talking not a long time ago about funded accounts being all live accounts. The funder of the5ers was owning a binary trading firm before people understood the scam. I don't know about the others.
The CFTC literally said they did. So you are saying the CFTC lied about that too? yikes.
  • #23,086
  • Sep 28, 2023 6:50am Sep 28, 2023 6:50am
TFT is selling trade history to third parties ? For reverse engineering so any profitable strategy can turn into a loosing one if the edge is not large enough. Just beware to trade with them, if you are scalper or have a small edge. They can easily exploit your alpha/strategy and then you have nothing left and can only start to loose. Bad.
  • #23,087
  • Sep 28, 2023 7:05am Sep 28, 2023 7:05am
Quoting TrAndy1
TFT is selling trade history to third parties ? For reverse engineering so any profitable strategy can turn into a loosing one if the edge is not large enough. Just beware to trade with them, if you are scalper or have a small edge. They can easily exploit your alpha/strategy and then you have nothing left and can only start to loose. Bad.
3 pips slippage will kill the alpha before it goes third party
  • #23,088
  • Sep 28, 2023 7:16am Sep 28, 2023 7:16am
Quoting Takisd
{quote} 3 pips slippage will kill the alpha before it goes third party
At least up to 10 or 20 pips would kill your alpha with the reverse engineers. On Dow and Gold is even much worse because these are very tiny markets. You can only loose here regardless of your edge. Or you must position trade here with at least +1% average trade here. Otherwise you have no chance to succeed with TFT.
  • #23,089
  • Sep 28, 2023 7:21am Sep 28, 2023 7:21am
Quoting TrAndy1
{quote} At least up to 10 or 20 pips would kill your alpha with the reverse engineers. On Dow and Gold is even much worse because these are very tiny markets. You can only loose here regardless of your edge. Or you must position trade here with at least +1% average trade here. Otherwise you have no chance to succeed with TFT.
I assume your pips are a the 5th decimal of eurusd in your equation and not the 4th. Because 10 pips slippage kills any strategy including longer term. No one would trade ever with a company who does that. Its not even close to real market.

If you are referring however to 10 points or pipettes (5th decimal) then yes, but TFT is more than that already.
  • #23,090
  • Sep 28, 2023 7:32am Sep 28, 2023 7:32am
Quoting Takisd
{quote} I assume your pips are a the 5th decimal of eurusd in your equation and not the 4th. Because 10 pips slippage kills any strategy including longer term. No one would trade ever with a company who does that. Its not even close to real market. If you are referring however to 10 points or pipettes (5th decimal) then yes, but TFT is more than that already.
No, my average trade is over 50 pips! I only trade majors FX no tiny DOW or Gold. I meant 10 pips or 100 points you have no chance with Reverse Engineers, for sure.
  • #23,091
  • Sep 28, 2023 8:30am Sep 28, 2023 8:30am
FXIFY process only crypto payouts it looks, but I don't see any proofs on discord with PayPal/wise. Why they offer it and other props if they got problem or not willing to process. Most is prefering crypto and is doing crypto fast. It's all strange and not good at all.
  • #23,092
  • Sep 28, 2023 8:37am Sep 28, 2023 8:37am
Quoting youngD
FXIFY process only crypto payouts it looks, but I don't see any proofs on discord with PayPal/wise. Why they offer it and other props if they got problem or not willing to process. Most is prefering crypto and is doing crypto fast. It's all strange and not good at all.
I have seen in their discord some paypal proofs
  • #23,093
  • Sep 28, 2023 8:38am Sep 28, 2023 8:38am
Quoting MJurban
is this scam or unbelievebel, there are many more picture like this on the Website. A canadien trader und got 99.000,00 or so payback{image} {image}
The Trading Pit seems legit, Tickmill Founder is an investor, he invested 10Million i saw somewhere dont know where
  • #23,094
  • Sep 28, 2023 9:10am Sep 28, 2023 9:10am
Quoting DeltaCapital
{quote} I have seen in their discord some paypal proofs
Not from today or yesterday. Anyway tomorrow will ask for crypto withdrawal if they not process PayPal. I see it's preferred by props at the moment.
  • #23,095
  • Sep 28, 2023 9:20am Sep 28, 2023 9:20am
Quoting youngD
{quote} Not from today or yesterday. Anyway tomorrow will ask for crypto withdrawal if they not process PayPal. I see it's preferred by props at the moment.
Its the alternative they have, wise an deel block them xD
  • #23,096
  • Sep 28, 2023 9:53am Sep 28, 2023 9:53am
Quoting youngD
{quote} Not from today or yesterday. Anyway tomorrow will ask for crypto withdrawal if they not process PayPal. I see it's preferred by props at the moment.
Next week I hope to have a payout in FXIFY. I'll keep an update here (though I will ask it in crypto).
  • #23,097
  • Sep 28, 2023 9:56am Sep 28, 2023 9:56am
Time to go up for indeces?? if they break range today and tomorrow correction of down swing possible
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-09-28-15-54-38-192_net.metaquotes.metatrader5.jpg Size: 545 KB
  • #23,098
  • Sep 28, 2023 10:29am Sep 28, 2023 10:29am
Funding Pips banned Pakistan, Vietnam (and sanctioned countries)
https://twitter.com/Khldfx/status/1707366073253654763
  • #23,099
  • Sep 28, 2023 11:39am Sep 28, 2023 11:39am
Quoting Capablanca
{quote} Out of curiosity, is your account still frozen during all this mess, preventing you from trading ? I now start to connect dots... I don't have a withdraw from them for about 2 months, I think. But in the last 2 withdraws I had requested crypto and in both of them I got a message saying that they had problems with the crypto processor and I should request them again using Deel. At the time I found stupid to have crypto available if that was not really available, but now things start to make some sense. I think they already that rule of "crypto...
I don't know as I haven't tried to place a trade. I'm afraid if I do it will delay the payment even more
Pride always comes before destruction.... -Proverbs 16:18
  • #23,100
  • Sep 28, 2023 11:51am Sep 28, 2023 11:51am
Quoting Vitore
{quote} I'm a punter. Honestly I couldn't care less about what the prop firms say I am in their opinion
you can say you play a trading game, its just this. its just rules constructed so it do not look on first view like a normal trading game.
109 traders viewing now