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  • #25,841
  • Nov 9, 2023 1:31pm Nov 9, 2023 1:31pm
Quoting pipmaster77
{quote} I agree. Everyone can do as they wish, but anything other than the 5%ers and FTMO...........just light your money on fire.
+ Apex and Bulenox (and Topstep) + AlphaCapitalGroup too I think you can add as good props nowadays.
  • #25,842
  • Nov 9, 2023 1:47pm Nov 9, 2023 1:47pm
Quoting TrAndy1
{quote} + Apex and Bulenox (and Topstep) + AlphaCapitalGroup too I think you can add as good props nowadays.
I was just speaking on the forex side.
  • #25,843
  • Nov 9, 2023 1:53pm Nov 9, 2023 1:53pm
Quoting Takisd
If anyone has not chargebacked from bespoke yet, use the FCA notice and get your chargeback. Strangle Kaler whilst he is on the run to dubai.
What did I miss ? What FCA notice are you referring ?

Edit: OK, I see:
https://www.fca.org.uk/news/warnings...dingprogramcom
  • #25,844
  • Nov 9, 2023 1:56pm Nov 9, 2023 1:56pm
Quoting Takisd
{quote} 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.
Please, no. You really think the CFTC will also come after Futures prop because it is a similar business model to forex prop? Hoping being registered with CFTC will save them. Counting on that, to be honest.

I have a dinky personal account now with AMP. I'm working hard to pass with Apex to get paychecks for bills and to grow my AMP account.
  • #25,845
  • Nov 9, 2023 1:56pm Nov 9, 2023 1:56pm
Quoting Capablanca
{quote} What did I miss ? What FCA notice are you referring ? Edit: OK, I see: https://www.fca.org.uk/news/warnings...dingprogramcom
There are many warnings. Also against 5ers and FTMO I think.
  • #25,846
  • Nov 9, 2023 2:00pm Nov 9, 2023 2:00pm
The problem I see with Future props is the fees side for trading currency futures. I get 5 times more in fees with currency futures than trading that kind on FX props. So basically I am forced to use a totally different strategy to trade ES exclusively, where I have only 1 tick + comms. =$17 cost per day. Those fees can add up a lot over some days. That is real problem for all Forex traders I think. It is not so easy to switch and just trade the currency futures I experienced. Everyone needs to be aware of.
  • #25,847
  • Nov 9, 2023 2:01pm Nov 9, 2023 2:01pm
[quote=Takisd;14648724]{quote} 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. /quote]

If it is the case thats the dumbest move ever, surely it would be clear that attempting to bring down mff would also screw WBs friend and whole industry. Unless this person felt mff model was different enough from friends firm that they wouldn't get any blow back. Or Perhaps a non US competitor would feel safe from repercussions of cftc
  • #25,848
  • Nov 9, 2023 2:12pm Nov 9, 2023 2:12pm
From my understanding although limited and with no first hand information, I think everyone greatly underestimated MFF's ability to defend itself. But courts try not to rule against gov much and gov tries to settle these things.

Sometimes the stars align, sometimes they don't. Some folks think the RFED charges will stick, based on my understanding of Props and my recent deep dives on 5.1 5.2 and 5.3 I don't see how a prop can be found guilty of this unless using a third party broker.

But with the US gov you never know. It could be a dramatic situation it could be straight forward. From the judges responses in the court he seems fairly reasonable.
  • #25,849
  • Nov 9, 2023 2:12pm Nov 9, 2023 2:12pm
Quoting rizla101
Quoting Takisd
{quote} 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. /quote] If it is the case thats the dumbest move ever, surely it would be clear that attempting to bring down mff would also screw WBs friend and whole industry. Unless this person felt mff model was different enough from friends firm that they wouldn't get any blow
...
It was strategic for sure but stupid yes. ill informed.
  • #25,850
  • Nov 9, 2023 2:14pm Nov 9, 2023 2:14pm
Quoting TrAndy1
{quote} There are many warnings. Also against 5ers and FTMO I think.
Usually these other warnings are from regulatory bodies outside of the firms operating country. In this case FCA can actually do something about Bespoke, and probably will.

Likely other UK firms will also now be drawn into any action taken. Which is why I'm a little frustrated to see all the twitter snitching, tagging regulatory bodies here there and everywhere. Action will more likely be blanket action then case by case, so all lose.
  • #25,851
  • Edited 3:02pm Nov 9, 2023 2:15pm | Edited 3:02pm
+2835 today, market made low and highs on my levels I had pre-market.

Still going light. Let's hope, I love tradovate-apex.
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in holiday till end of November
  • #25,852
  • Nov 9, 2023 2:20pm Nov 9, 2023 2:20pm
Quoting Capablanca
{quote} What did I miss ? What FCA notice are you referring ? Edit: OK, I see: https://www.fca.org.uk/news/warnings...dingprogramcom
Thats a good start. You had to start somewhere. Best of trades to you.
  • #25,853
  • Nov 9, 2023 3:04pm Nov 9, 2023 3:04pm
Quoting Cryptosurf
{quote} I remember when I first put my toe in the water with futures and i thought it was pretty painful. The more I got into it then it wasn’t so foreign to me. I still use MT5 on my AMP personal account.
Thanks for the encouragement.
So do you trade futures with an AMP account using MT5?
  • #25,854
  • Nov 9, 2023 3:14pm Nov 9, 2023 3:14pm
Quoting josh1111
{quote} Thanks for the encouragement. So do you trade futures with an AMP account using MT5?
MT5 was good for futures when they had Level2 data included from CQG. So you had a DOM where you could trade from. Recently Level2 is not available anymore. Bad.
  • #25,855
  • Nov 9, 2023 3:17pm Nov 9, 2023 3:17pm
Quoting josh1111
{quote} Thanks for the encouragement. So do you trade futures with an AMP account using MT5?
Here as well. MT5 on AMP. Love it. It's jusy like trading forex, just more profitable.
  • #25,856
  • Nov 9, 2023 3:25pm Nov 9, 2023 3:25pm
Quoting acetrader
{quote} You have summed it up quite nicely. All is slowly falling into place.
Thank you! One has to come from the side to see it from a different view.
Ain’t nobody letting go of their way of living, especially not the powerful. They’ll keep the service they are accustomed too, with any means they can.
You have an IQ lower than 90 if you interact with this user.
  • #25,857
  • Nov 9, 2023 3:30pm Nov 9, 2023 3:30pm
Quoting Capablanca
{quote} What did I miss ? What FCA notice are you referring ? Edit: OK, I see: https://www.fca.org.uk/news/warnings...dingprogramcom
is it possible?

I bet it was cheaters who reported Bespoke.
  • #25,858
  • Nov 9, 2023 3:42pm Nov 9, 2023 3:42pm
Quoting Ferna
{quote} Thank you! One has to come from the side to see it from a different view. Ain’t nobody letting go of their way of living, especially not the powerful. They’ll keep the service they are accustomed too, with any means they can.
You don't actually have to come from the side......it's right there in front of our faces.......just half the country has their heads buried in the sand.
  • #25,859
  • Nov 9, 2023 3:50pm Nov 9, 2023 3:50pm
Quoting Takisd
{quote} Most of the traffic in the spreadsheet is botted. Even TFT's. Some companies have like #1 traffic source to dashboard as rwanda for example (funding pips). Dont trust any of the traffic stats, the situation is far worse than it appears. 5ers and FTMO thats it, nothing else.

Updated sheet... To weed out the most egregious botted traffic from smaller countries, I limited data to unique visits from only
US + CAN + UK + EU (Italy/France/Spain/Germany)

Apex vs. FTMO is interesting

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  • #25,860
  • Nov 9, 2023 4:03pm Nov 9, 2023 4:03pm
Quoting CableJ
{quote} Updated sheet... To weed out the most egregious botted traffic from smaller countries, I limited data to unique visits from only US + CAN + UK + EU (Italy/France/Spain/Germany) Apex vs. FTMO is interesting {image}
Good job!
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