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  • #23,941
  • Oct 10, 2023 9:00am Oct 10, 2023 9:00am
Quoting pipmaster77
{quote} Everything in this industry always spells a bad story for US residents. But, hey, atleast we have Oanda and forex dot com........I mean, what more could you ask for?
I think that we have only just seen the beginning of this story. In the next few weeks we will see the second scene. Then.......... what will remain will determine the future
  • #23,942
  • Oct 10, 2023 9:08am Oct 10, 2023 9:08am
Quoting pipmaster77
{quote} Everything in this industry always spells a bad story for US residents. But, hey, atleast we have Oanda and forex dot com........I mean, what more could you ask for?
..and I heard if you make more than $100k gains on Oanda you get kicked out of the door. So you cannot make your account grow to $10m until you can trade with IB.
  • #23,943
  • Oct 10, 2023 9:09am Oct 10, 2023 9:09am
Quoting Takisd
The dirtiest of assholes are now trying to open prop firms. I got at least 15 messages today of people asking for how they can open a prop firm. All are established (dirty) business people. Cataclysm is almost here.
You shoud not make business with dirty or bad people. This is in your best interest if you do not need to hunt for every penny they give you for any advice. Better.
  • #23,944
  • Oct 10, 2023 9:11am Oct 10, 2023 9:11am
Quoting Takisd
{quote} I think very soon TFT will not be here.
I assume you are thinking insolvency rather than cftc door knock?
I hope its not the case, coupled with what i lost with MFF that'll be the bulk of my funding up in smoke.
  • #23,945
  • Oct 10, 2023 9:18am Oct 10, 2023 9:18am
Quoting rizla101
{quote} I assume you are thinking insolvency rather than cftc door knock? I hope its not the case, coupled with what i lost with MFF that'll be the bulk of my funding up in smoke.
Well, in this case, the insolvency is the result of the CFTC doorknock anyway. The tiny firms may become insolvent on their own, but TFT was 3rd largest (by a lot). If they are insolvent, it is ONLY the indirect result of the CFTC action against MFF.
  • #23,946
  • Oct 10, 2023 9:18am Oct 10, 2023 9:18am
Quoting rizla101
{quote} I assume you are thinking insolvency rather than cftc door knock? I hope its not the case, coupled with what i lost with MFF that'll be the bulk of my funding up in smoke.
TFT are isolvent and if there is a firm that CFTC should catch next is them
  • #23,947
  • Edited 9:55am Oct 10, 2023 9:27am | Edited 9:55am
Coming in around 2 months I heard. Very good liquidity hub...cannot say more just now...this is CboeFX/Hotspot Sweepable Venue...imagine trading 30 lots without slip.
Attached Image (click to enlarge)
Click to Enlarge Name: TT.jpg Size: 151 KB
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  • #23,948
  • Oct 10, 2023 10:02am Oct 10, 2023 10:02am
Quoting rizla101
{quote} I assume you are thinking insolvency rather than cftc door knock? I hope its not the case, coupled with what i lost with MFF that'll be the bulk of my funding up in smoke.
I think a few regulators at the same time. But what do i know
  • #23,949
  • Oct 10, 2023 10:13am Oct 10, 2023 10:13am
Quoting TrAndy1
Coming in around 2 months I heard. Very good liquidity hub...cannot say more just now...this is CboeFX/Hotspot Sweepable Venue...imagine trading 30 lots without slip.{image}.
Man 0 pips spread in gbpjpy that must be heaven, do you know if this is possible for individual traders or just for institutional traders with alot of volume?
  • #23,950
  • Oct 10, 2023 10:17am Oct 10, 2023 10:17am
Quoting Takisd
{quote} I think a few regulators at the same time. But what do i know
Oh shit, you're talking about few regulators coming down on TFT all at once. Without context I thought a few regulators from around the globe like EU, UK, etc. and just got a small heart attack...
  • #23,951
  • Oct 10, 2023 10:26am Oct 10, 2023 10:26am
Quoting TrAndy1
Coming in around 2 months I heard. Very good liquidity hub...cannot say more just now...this is CboeFX/Hotspot Sweepable Venue...imagine trading 30 lots without slip.{image}.
Given that orderbook is heavily sell side, If you traded that 30 lots, you would lose at least in the short term. But yes, it is nice during session.
  • #23,952
  • Oct 10, 2023 10:29am Oct 10, 2023 10:29am
Quoting DeltaCapital
{quote} Man 0 pips spread in gbpjpy that must be heaven, do you know if this is possible for individual traders or just for institutional traders with alot of volume?
It is actually better than Interactive Brokers. But I cannot say with whom they operate. Will know more in a few months. Probably over some Prime Brokers.
  • #23,953
  • Oct 10, 2023 11:09am Oct 10, 2023 11:09am
Signed a contract with FXIFY last night and received funded credentials about 5 hours later. Ready set YOLO!
Pride always comes before destruction.... -Proverbs 16:18
  • #23,954
  • Oct 10, 2023 12:33pm Oct 10, 2023 12:33pm
Quoting Takisd
{quote} I think a few regulators at the same time. But what do i know
I bet UK regulator ready to act ?
  • #23,955
  • Oct 10, 2023 12:34pm Oct 10, 2023 12:34pm
Quoting Expo33
Signed a contract with FXIFY last night and received funded credentials about 5 hours later. Ready set YOLO!
As soon as yo have made a penny you're good for refund
  • #23,956
  • Oct 10, 2023 1:17pm Oct 10, 2023 1:17pm
Quoting Capablanca
{quote} I bet UK regulator ready to act ?
With the FCA I only know of a large number of complaints about bespoke filed. Thats all i know and I am not one of them.
  • #23,957
  • Oct 10, 2023 2:54pm Oct 10, 2023 2:54pm
Quoting TrAndy1
{quote} It is actually better than Interactive Brokers. But I cannot say with whom they operate. Will know more in a few months. Probably over some Prime Brokers.
Yeah probably this liquidity not even for traders, only for brokers or large institutions
  • #23,958
  • Oct 10, 2023 6:14pm Oct 10, 2023 6:14pm
Quoting Capablanca
{quote} As soon as yo have made a penny you're good for refund
Good to know but I'm already in a 2% drawdown and it's a one step.
Pride always comes before destruction.... -Proverbs 16:18
  • #23,959
  • Edited 9:15pm Oct 10, 2023 8:13pm | Edited 9:15pm
I keep seeing IB mentioned, but what is so good about IB. Anyone please tell me the good points. Their customer service never seemed that good.

On another note, if anyone thinks the regulatory agencies are there regulating the industry, they are assigned to regulate you are in fantasy land. They are to regulate you the trader from harming your financial well-being. They know what best for you lol.

Like someone just posted at least you all still have Oanda & Forex. Com & last but not least IG. I've heard they are actually not too bad. Wouldn't know for sure.

Maybe that trader @ post #23949 will be able to reveal the secret liquidity provider & business can continue as usual. I've always loved a good secret.

In 2024 some big changes will be taking place for this prop business & it most likely will not be beneficial to the trader, but let's wait & see how it shakes out.
  • #23,960
  • Oct 11, 2023 1:55am Oct 11, 2023 1:55am
Quoting acetrader
I keep seeing IB mentioned, but what is so good about IB. Anyone please tell me the good points. Their customer service never seemed that good. On another note, if anyone thinks the regulatory agencies are there regulating the industry, they are assigned to regulate you are in fantasy land. They are to regulate you the trader from harming your financial well-being. They know what best for you lol. Like someone just posted at least you all still have Oanda & Forex. Com & last but not least IG. I've heard they are actually not too bad. Wouldn't know...
Of all the options above, interactive brokers are by far the best. Just not the cheapest. And yes these large companies generally have less than desired support
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