DislikedIt'd be a bit strange if the CFTC wasn't able to take action against companies making 'false statements' (AKA total, deliberate lies to attract customers) about the financial markets they regulate.Ignored
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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
DislikedIt'd be a bit strange if the CFTC wasn't able to take action against companies making 'false statements' (AKA total, deliberate lies to attract customers) about the financial markets they regulate.Ignored
Disliked{quote} Are you connected with 'KarlKraus'? Are you 'Quickly'? You joined ForexFactory yesterday, you only posted in this thread, you and KarlKraus are in the same time zone and share the same views.Ignored
Disliked{quote} This is a great question. If it is CFTC, I would think NO US clients may exist. However, there are 2 offshore brokers which I still use that stopped onboarding US clinets like 3 years ago. I believe you use both as well.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
DislikedHowever, that's separate and different from suggesting the regulator that regulates the financial markets shouldn't have the scope to take action against companies making false statement (perhaps even fraudulent, if proven) around said financial markets.Ignored
Dislikedoh boy......here we go. How abot this....is it OK for them to pick and choose who they "regulate" based on who pays them off? Only the naive do not see what is truly going on. The brokers they regulate are among the shadiest brokers in the world, but allowed to continue their shady practices......Yet, the good brokers of the world are off limits to me as a US citizen....why? The CFTC does exactly ZERO to benefit the trader. It is simply an over reaching arm of the over eaching government of the overreaching USA.Ignored
Disliked{quote}-As mentioned, not what I was saying, but even still, it seems like a bit of a jump to me. Saying 'we win when you win' (or whatever it was), hardly qualifies as a statement about the financial markets. Even what they were doing is still questionable, in terms of whether or not they were conducting business in the financial markets, since there was no real trading going on. What if we were all paper trading? Still applicable? What's the difference? Having a server or using metatrader? If they positioned themselves as an educator, charging...Ignored
DislikedI just can't help it, there are so many naive, ignorant people in the world.Ignored
Disliked{quote} Oh c'mon, seriously.......someone that wants to end the coruption that's been going on for years....The Clintons would have me killed immediately.Ignored
DislikedThe very minimum the consumer should be protected against are lies.Ignored
DislikedI saw it was an interesting discussion and since I have some industry experience decided to contribute.Ignored
DislikedTelling people they'll be in the live markets when it was almost certain they wouldn't be was a total lie relating to the financial markets.Ignored
DislikedMy view is that a route to regulation for props is the best approach. There's obviously a large global appetite for prop trading so let's get it regulated for everyone's benefit.Ignored
Disliked{quote}-Who said that? Most of these props make it very clear that you will be trading on a demo account, even once funded. {quote}-Reasonable regulation is what is needed, but crippling regulation is the only thing, short of absolute death, that the CFTC will likely agree to. If the remote prop business manages to survive this, then I suspect that it will look similar to what we see with current, offshore brokerages, that have to operate anonymously, outside of the jurisdictional reach of various regulatory groups, accepting only crypto deposits/withdrawals...Ignored
DislikedHard to imagine anyone could disagree with that, but here a few really do!DislikedThe very minimum the consumer should be protected against are lies.IgnoredIgnored
DislikedMost of these props make it very clear that you will be trading on a demo account, even once funded.Ignored
Disliked{quote} woody70 and some others. {quote} Apart from Lux, The 5%ers, quite a few other CFD ones, and ALL the futures ones, you mean?Ignored
DislikedApart from Lux, The 5%ers, quite a few other CFD ones, and ALL the futures ones, you mean?Ignored
Disliked{quote}Telling people they'll be in the live markets when it was almost certain they wouldn't be was a total lie relating to the financial markets.Ignored