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  • #25,801
  • Nov 9, 2023 7:52am Nov 9, 2023 7:52am
Quoting Takisd
{quote} Their conditions were still better than any LP due to ticket sizes. Ive voiced my opinion that MFF didnt do anything wrong here so I am not going to beat that drum anymore. I am more interested in the CFTC and how they are going to approach the next step. They might not even want to settle. It will be the tell on where things are going and futures won't be saved by this as well, the futures props will be on the chopper too.
Just cannot grasp how some futures props have been around 10+ years.....was the CFTC unaware they existed? just didn't care? is it because the CFTC likes futures?
MFF just seems like such a "targeted" move by the CFTC....or was this move just to set the precedent for the future?
  • #25,802
  • Nov 9, 2023 7:58am Nov 9, 2023 7:58am
Quoting pipmaster77
{quote} Just cannot grasp how some futures props have been around 10+ years.....was the CFTC unaware they existed? just didn't care? is it because the CFTC likes futures? MFF just seems like such a "targeted" move by the CFTC....or was this move just to set the precedent for the future?
The snitches were probably people with other forex props.
  • #25,803
  • Nov 9, 2023 8:05am Nov 9, 2023 8:05am
I will add in my signature each day where I trade on sp500

after the news today, i could make my first trade in the area I was looking, something not possible on MT5 with spreads before market open.
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in holiday till end of November
  • #25,804
  • Nov 9, 2023 8:05am Nov 9, 2023 8:05am
Quoting Capablanca
{quote} The snitches were probably people with other forex props.
Right....imagine if the scummy likes of Angelo, or Bespoke or Maven caused the closure of the one legit firm. Not only are they scamming folks with their bullshit firms, but also preventing them from going with a legit firm.
Definitely within the realm of possibilities, wouldn't put it past them for a second.
  • #25,805
  • Nov 9, 2023 8:08am Nov 9, 2023 8:08am
Quoting pipmaster77
{quote} Just cannot grasp how some futures props have been around 10+ years.....was the CFTC unaware they existed? just didn't care? is it because the CFTC likes futures? MFF just seems like such a "targeted" move by the CFTC....or was this move just to set the precedent for the future?
I think many have complained against them which triggered a CFTC action.
Risk Management is of utmost importance!
  • #25,806
  • Nov 9, 2023 8:20am Nov 9, 2023 8:20am
Quoting RCtrader
{quote} I think many have complained against them which triggered a CFTC action.
I think it is more likely that Oanda and Forex.com complained against MFF and urged CFTC to take action. MFF stole tens of thousands of US traders from them. I heard that they need to pay CFTC 20 million $ to keep their retail forex dealer licenses. MFF is the biggest threat to them.

If CFTC really cares about retail traders, they should have taken action against Angelo and his (four or five?) firms, because complaints against Angelo's firms should be 100 times complaints against MFF.
  • #25,807
  • Nov 9, 2023 8:41am Nov 9, 2023 8:41am
Quoting ladder
{quote} I think it is more likely that Oanda and Forex.com complained against MFF and urged CFTC to take action. MFF stole tens of thousands of US traders from them. I heard that they need to pay CFTC 20 million $ to keep their retail forex dealer licenses. MFF is the biggest threat to them. If CFTC really cares about retail traders, they should have taken action against Angelo and his (four or five?) firms, because complaints against Angelo's firms should be 100 times complaints against MFF.
lol......CFTC caring about traders went out the window years ago. You are probably dead on regarding Oanda and Forex.com being behind this move.
  • #25,808
  • Nov 9, 2023 8:47am Nov 9, 2023 8:47am
There is a separate Apex interface connection in MultiCharts now. I just have charts with Rithmic Apex in MultiCharts and I get historical data too. Realtime I get for free.

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  • #25,809
  • Nov 9, 2023 8:50am Nov 9, 2023 8:50am
Quoting pipmaster77
{quote} Just cannot grasp how some futures props have been around 10+ years.....was the CFTC unaware they existed? just didn't care? is it because the CFTC likes futures? MFF just seems like such a "targeted" move by the CFTC....or was this move just to set the precedent for the future?
Its a size thing. For CFTC there has to be enough size for them to consider an action. Futures firms are tiny in the grand scheme of things. I don't know much but i have heard murmurs that this was an attempt to kill the entire industry and that there are more cases lined up behind this one.
  • #25,810
  • Nov 9, 2023 8:58am Nov 9, 2023 8:58am
From Apex free realtime data in MultiCharts...ESZ3 DOM....It says no permission first as error message, but I get the full data anyway.
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  • #25,811
  • Nov 9, 2023 9:09am Nov 9, 2023 9:09am
Quoting Takisd
{quote} Its a size thing. For CFTC there has to be enough size for them to consider an action. Futures firms are tiny in the grand scheme of things. I don't know much but i have heard murmurs that this was an attempt to kill the entire industry and that there are more cases lined up behind this one.
yeah it’s part of an agenda. Limit economic growth, stabilize the economy and achieve maximum employment. Basically a standstill.
Reduce consumption. Maintain the wealth of those who already have it.

However human capital can fade quickly. With an aging/sick population and a youth that sees no opportunity of becoming wealthy, things can turn south rather quick. Within 5 years if there is a demographic tipping point.

So killing forex/trading and replacing real money with conditional money(central digital currency) it for them ensures people will work, and replace the fallout. The increased capital requirements in europe is further exclusive, as very few people possess the 500 000 euro one has to have to be qualified as a professional trader so it makes it a privilegied game for rich.

Can you tell more about the rumours? Is it so they actually have to make new laws to have a case against traders? The capital requirements for signing up as a broker in U.S are already huge! What more they need..
You have an IQ lower than 90 if you interact with this user.
  • #25,812
  • Nov 9, 2023 9:17am Nov 9, 2023 9:17am
Quoting Ferna
{quote} yeah it’s part of an agenda. Limit economic growth, stabilize the economy and achieve maximum employment. Basically a standstill. Reduce consumption. Maintain the wealth of those who already have it. However human capital can fade quickly. With an aging/sick population and a youth that sees no opportunity of becoming wealthy, things can turn south rather quick. Within 5 years if there is a demographic tipping point. So killing forex/trading and replacing real money with conditional money(central digital currency) it for them ensures people...
There appear although as I said i can't confirm, there appears there is a group of folks inside the authorities who think this is one giant ponzi scheme. It was indicative in the recent response by CFTC vs MFF. However, in order to actually run a case you need at the very least a complaint. The MFF case has a competitors friend as the Whistleblower (again rumors but pretty solid ones as they dont know how to shut their mouth). I wont name them for legal reasons but you've probably seen one or two of their youtube videos and they claim unbias.

So with the whistleblower and an incredibly thin case trumped up from out of context skype messages, they thought they would give it a shot to prove mff is a ponzi.

If MFF was proven to be an unregistered RFED operating a ponzi, then everyone is done, not just MFF but FTMO and all the others. I do not think they expected as much resistance as they have gotten and so the outcome really isnt clear. My opinion is that they dont want registration, but might settle on it if it looks like their chances of a conviction are bad to avoid the wild west occurring.
If MFF were to completely win without a settlement, there will be like 500000 propfirms opening up in the US unregistered and just collecting money, obviously its an outcome that all would like to avoid including myself.
  • #25,813
  • Nov 9, 2023 9:31am Nov 9, 2023 9:31am
The question is who is the judge ? What kind of person he is ? What decisions on the past he made ? Because the court will decide in the MFF case, nobody else...
  • #25,814
  • Nov 9, 2023 9:35am Nov 9, 2023 9:35am
Quoting pipmaster77
{quote} Yes, when you are accustomed to MT4 or MT5...these futures platforms suck. I am going in and out of orders half-assed, barely knowing what I am doing. I am setting SL and TP by creating new stop and limit orders. Of course, I understand that is exactly what SL and TP is, but man, it is much simpler in MT4/5. It's why I love my amp account.....MT5 is what I use there. Closing a partial on the fly requires an opposite position......I get it, it's a REAL market....just hard to adapt when you are used to much simpler ways.
Glad to hear I'm not alone in the new Futures app odyssey of figuring it out. It's taking me longer (my normal) since I stink at tech. Never thought I'd say I miss MT4/5, but boy do I.

Thanks for the helpful posts to *all* of you pros here who drop tips.
  • #25,815
  • Nov 9, 2023 9:39am Nov 9, 2023 9:39am
Quoting ForexGalVA
{quote} Glad to hear I'm not alone in the new Futures app odyssey of figuring it out. It's taking me longer (my normal) since I stink at tech. Never thought I'd say I miss MT4/5, but boy do I. Thanks for the helpful posts to *all* of you pros here who drop tips.
I just cant get behind futures prop products. Everything is more confusing by an order of magnitude and software solutions seem inferior even to an outdated Mt4 which seems to be baffling.
  • #25,816
  • Nov 9, 2023 9:41am Nov 9, 2023 9:41am
tradovate order flow is changing my life, and working well on MAC
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in holiday till end of November
  • #25,817
  • Nov 9, 2023 9:48am Nov 9, 2023 9:48am
Quoting TrAndy1
There is a separate Apex interface connection in MultiCharts now. I just have charts with Rithmic Apex in MultiCharts and I get historical data too. Realtime I get for free. {image} {image}
Kind of Pricey at $100/Month for Multicharts if you go monthly.
  • #25,818
  • Edited 10:23am Nov 9, 2023 10:02am | Edited 10:23am
Quoting josh1111
{quote} Kind of Pricey at $100/Month for Multicharts if you go monthly.
No if you buy lifetime. I bought lifetime license I think over 12 years ago. Then all updates are free forever. You need ONE good charting and backtesting software imho.
MT4/MT5 is not a good charting package, very limited to MultiCharts. And Metatrader has a ugly and slow backtesting routine. You can do faster and more easily on MC.
  • #25,819
  • Nov 9, 2023 10:21am Nov 9, 2023 10:21am
Quoting Takisd
{quote} There appear although as I said i can't confirm, there appears there is a group of folks inside the authorities who think this is one giant ponzi scheme. It was indicative in the recent response by CFTC vs MFF. However, in order to actually run a case you need at the very least a complaint. The MFF case has a competitors friend as the Whistleblower (again rumors but pretty solid ones as they dont know how to shut their mouth). I wont name them for legal reasons but you've probably seen one or two of their youtube videos and they claim unbias....
CFTC opened up a case and seem to have confused themselves if what you wrote here has happened actually.

1 .The question is they want MFF only to be out ?

2. Inthat case, they end up killing every other firm

3. Do they have guts to kill all such firms ?

4. What they are going to do if thousand more come up in case MFF is relieved ?

The best option would be to allow all with rules and regulations. ( some for name sake )
Intraday only.
  • #25,820
  • Nov 9, 2023 10:29am Nov 9, 2023 10:29am
Quoting MwlRCT
{quote} Qn: Is it safe to join FTUK? https://ftuk.com/
Hi MxIRTC , these are a couple of opinions about FTUK :

https://www.forexfactory.com/thread/...9#post14629129

https://www.forexfactory.com/thread/...4#post14465284

https://www.forexfactory.com/thread/...4#post14462784

Also FTUK uses the trailing Drawdown , which is not a good thing.
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