DislikedSeems like it is not from regulators. Wonder what the US market did to them tho. Maybe the same reason they banned a couple of US states in the previous years? {image}Ignored
by FTMO to being named by MFF as an equal offender.
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
DislikedSeems like it is not from regulators. Wonder what the US market did to them tho. Maybe the same reason they banned a couple of US states in the previous years? {image}Ignored
Disliked{quote} Just got my live account on the high stakes this past Friday. The high stakes is the only model of theirs I can recommend.Ignored
Disliked{quote} They have multiple liquidity providers, and that's a closely guarded secret with each prop firm (ones that don't use a white label reseller/broker like Eightcap anyway), but they have said that Interactive Brokers is one of them. I don't think anyone knows the rest.Ignored
Disliked{quote} Thought that might be top secret with the props. Eightcap has bad reviews. Thank you.Ignored
Disliked{quote}MFF were paying out, but they were also lying and manipulating conditions (albeit the CFTC didn't quite represent it wholly accurately) whilst the CEO was buying multi-million USD mansions, Ferraris, Lamborghinis, Bugatis etc. They were, rather bizarrely, making the conditions worse for the rare people they did STP / put in the live market. Why would they make it harder for people trading actual money? Bizarre. FTMO seem like straight shooters, though. Although you never know without regulatory oversight.Ignored
Disliked{quote} Don’t be naive. The only reason “not” to participate in US markets is solely due to regulatory agencies threatening action of some sorts.Ignored
DislikedMy take is they got a letter. When you get a letter, you don't say you got a letter, as you spook the horses. CFTC has to send many letters now because they punished one and not the other, and despite what many may hope, the props are all the same in how they operate on a technical basis, the arbitrary bans are the difference. Even if someone may seem like a "straight shooter". FTMO has been banning a lot of folks lately, maybe this has something to do with it.Ignored
DislikedExplains the discounts by FTMO lately. You can always tell something is up when the prop firms do something radical. Like when they changed into unlimited suddenly out of nowhere like a domino effects. Then acted surprised when MFF got taken down as if they had no idea. This world is globalized now obviously. But for some reason whoever pulls the breaks might just settle to keep the ban of Forex in US, no idea why. Maybe because like in Germany they can regulate the markets through the govts already easily across the whole trading spectrum itself....Ignored
DislikedMFFX static offer is only available from dashboard when you login. The other offer Uprofit is not good because you pay activation fee. I now see mistake instead micro contract they writed "20 macros " ) Edit I looked at MFFX discord announcement and it says "stay above 28.500 to make withdrawal" which might mean there is no safety buffer. {image}Ignored
Disliked{quote}MFF were paying out, but they were also lying and manipulating conditions (albeit the CFTC didn't quite represent it wholly accurately) whilst the CEO was buying multi-million USD mansions, Ferraris, Lamborghinis, Bugatis etc. They were, rather bizarrely, making the conditions worse for the rare people they did STP / put in the live market. Why would they make it harder for people trading actual money? Bizarre. FTMO seem like straight shooters, though. Although you never know without regulatory oversight.Ignored
Disliked{quote} If that was the case, instead of announcing an unclear reason, which is extremely fishy and affected their reputation, why don't they just claim it was not their fault, it's all due to the CFTC or regulators, just like they do with other countries that in the sanction lists, give customers a proper, objective reason? That's just my two cents tho, maybe you're right, maybe they just like CableJ said just pure panic behavior.Ignored
DislikedMy take is they got a letter. When you get a letter, you don't say you got a letter, as you spook the horses. CFTC has to send many letters now because they punished one and not the other, and despite what many may hope, the props are all the same in how they operate on a technical basis, the arbitrary bans are the difference. Even if someone may seem like a "straight shooter". FTMO has been banning a lot of folks lately, maybe this has something to do with it.Ignored
Disliked{quote} what's your opinion on what FTMO's legal team & management are thinking by banning new US customers but still allowing their existing US traders to operate. If they are responding to the CFTC, I can't see how they believe that will fly in the eyes of the CFTC. it doesn't seem to make any logical sense.Ignored
Disliked{quote} Some do, some don’t. Apex has the option of a one time (10 years) fee.Ignored
Dislikedwelp.... FTMO has all of the sudden been doing discounts the past few months and they were just forced to ban 30% of the prop purchasing market... that is not good for their bottom line. FTMO is also banking and located in the EU. FTMO, their vendors and payment processors can be easily reached by the same CFTC extraterritorial court orders that shut down MFF.Ignored
Disliked{quote}MFF were paying out, but they were also lying and manipulating conditionsIgnored
DislikedFTMO seem like straight shooters, though. Although you never know without regulatory oversight.Ignored