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  • #28,221
  • Jan 13, 2024 11:06am Jan 13, 2024 11:06am
Quoting CableJ
I will say this about MFF.... it's completely baffling why they decided to have their business split in 2 different regulatory jurisdictions. Now they are getting screwed by both the CFTC (US) & OSC (Canada).
Not as much as their clients LOL.
  • #28,222
  • Jan 13, 2024 11:54am Jan 13, 2024 11:54am
Hi everyone.
Anyone know a free challenge propfirm mates ?
  • #28,223
  • Jan 13, 2024 12:21pm Jan 13, 2024 12:21pm
Quoting Kingunik
Hi everyone. Anyone know a free challenge propfirm mates ?
You do know that you are essentially asking for free money?
  • #28,224
  • Jan 13, 2024 1:17pm Jan 13, 2024 1:17pm
Quoting ladder
{quote} The prop firm police on Twitter wants to get more attention and followers. But he doesn't have agenda in this thread, he probably never posts in this thread. The people (or the same 'person') who have agenda in this thread are KarlKraus, Quickly, PropDude1234 . They are (or he is) connected with Futures props.
Or I'm (as one user) just here for a discussion. I think Futures props are far worse than CFD ones and would prefer the CFD ones to last and still be offered to US citizens.

Not everything has some hidden meaning / agenda or conspiracy.

Quoting ProfPlumx
{quote} Not as much as their clients LOL.
It's strange as MFF were engaging with the Canadian regulator (assume same one they're having issues with now) using a high end legal firm and apparently weren't having any issues, albeit we don't know what exactly they told the regulator.

Not that it may necessarily matters as it's the location of the customers you're targeting that matters.
  • #28,225
  • Jan 13, 2024 1:30pm Jan 13, 2024 1:30pm
I'd guess if all vendors decide to turn their backs on props then all the newer and less trust worthy props will be doing strictly crypto pay outs. Dunno about the bigger ones like ftmo as they after all want to appear as legit as possible.
Edit:nvm I see now that ftmo already can pay out in crypto. So crypto for everyone it is.
  • #28,226
  • Jan 13, 2024 1:33pm Jan 13, 2024 1:33pm
Quoting PropDude1234
A long time ago and it seemed like pretty normal CFD execution to me. Not that I'd attach much weight to my experience as it's anecdotal.
-In that case, anecdotal or not, it is what you experienced. Same as many traders here; we know what the conditions were (and were not) like. Similarly, if anyone saw anything fishy, then that information would spread very quickly.

So to say that we cannot put any weight on our own (or collective) experiences with regard to what MFF did or didn't do, I would have to disagree. As a trader, you know if something isn't right. Which means, in response to your original comment:

Quoting PropDude1234
Quoting Nsak3y
MFF made it clear, many times, that they did not want cheaters gaming the system. Any artificial manipulations that they applied were an effort to deter cheating and to offer more-realistic conditions; not to cheat traders, but to level the playing field by making things fair and reasonable.
So they say. How do we know that for a fact? Seems odd to take what MFF say on face value about one thing when they've lied about other things.
-I'd say that we have a pretty good idea, just based on the experience of many traders over the past couple of years.
  • #28,227
  • Jan 13, 2024 1:35pm Jan 13, 2024 1:35pm
Quoting Kingunik
Hi everyone. Anyone know a free challenge propfirm mates ?
-There are some firms that offer free challenges that can be earned through competitions. There are also firms that will allow you to earn free challenges by doing various marketing for them.
  • #28,228
  • Jan 13, 2024 2:54pm Jan 13, 2024 2:54pm
Quoting Tobiazzek
I'd guess if all vendors decide to turn their backs on props then all the newer and less trust worthy props will be doing strictly crypto pay outs. Dunno about the bigger ones like ftmo as they after all want to appear as legit as possible. Edit:nvm I see now that ftmo already can pay out in crypto. So crypto for everyone it is.
Do any of the prop firms insist on paying crypto through intermediaries, or do they all pay directly to non-custodial wallets?
  • #28,229
  • Jan 13, 2024 2:59pm Jan 13, 2024 2:59pm
Quoting doyathink
{quote} Do any of the prop firms insist on paying crypto through intermediaries, or do they all pay directly to non-custodial wallets?
They all use intermediaries because its safer and there is less exchange risk as they store in dollars/stable.
  • #28,230
  • Jan 13, 2024 3:02pm Jan 13, 2024 3:02pm
My Personal Opinion: If you are in a challenge smaller than $100K its not even worth it. If you can not afford it, wait and save money. Your mind works different on a small challenge (been there done that). I have breached several accounts (over 11 accounts). I started doing GOOD when I started risking less (small lot sizes). I started doing BETTER when I set my weekly goals and trade with my strict guidelines. I did BEST when I concentrated only on three pairs (EURUSD / GBPUSD & XAUUSD) instead of jumping on everything.

I am currently in 4 Challenges and have 2 funded accounts.

Goal is to have total 6 Funded accounts in the next two months.
Drawdown is more important than Account Size !
  • #28,231
  • Jan 13, 2024 3:16pm Jan 13, 2024 3:16pm
Quoting Takisd
{quote} They all use intermediaries because its safer and there is less exchange risk as they store in dollars/stable.
ok...
so do we need to create an account with the intermediary for each firm?
  • #28,232
  • Jan 13, 2024 3:22pm Jan 13, 2024 3:22pm
Quoting doyathink
{quote} ok... so do we need to create an account with the intermediary for each firm?
No. it goes to your wallet.
  • #28,233
  • Jan 13, 2024 3:32pm Jan 13, 2024 3:32pm
What prop firm allows martingale strategy in phase 2?
Been using the EA for a while.
  • #28,234
  • Jan 13, 2024 3:52pm Jan 13, 2024 3:52pm
Quoting Takisd
{quote} He is, but he is a reverse trading cheater. Him and a bunch of the other twitter gurus
So you mean he does hedge trading
With different firm ?
  • #28,235
  • Jan 13, 2024 4:13pm Jan 13, 2024 4:13pm
Quoting Capablanca
{quote} But did they have anything in US or they were just in Canada, just like others are in Hungary UK or Israel ? I thought they were just registered in Canada.
MFF registered in US, TGG registered in Can
  • #28,236
  • Jan 13, 2024 5:56pm Jan 13, 2024 5:56pm
Quoting Takisd
{quote} we will only ever know when we know. No poster, no twitter account no media agency will be able to tell us what will happen until it happens. I am trying to build a house for owls on my property lately trying to get them to come, love the little devils. I'd rather do that type of thing than be a miserable sod on a forum trying to set a record straight when humanity has no interest in reality or truth.
I've been a bird nerd since childhood and have become obsessed with bird photography as an adult. I find owls hard to photograph. Although they spend a lot of time sitting still in a perch, they rarely provide a good background for photography as they are masters of camouflage.

Are you actually living in Greece? I'm curious to know what type of owls are in your neck of the woods.
Pride always comes before destruction.... -Proverbs 16:18
  • #28,237
  • Edited 9:07pm Jan 13, 2024 8:57pm | Edited 9:07pm
Quoting KarlKraus
{quote} OMG. No address, no phone number, and under "meet the team" there’s only one person, who has no surname!!!!! Are there REALLY people gullible enough to pay money to things like this?! I suppose there must be ...


youre fighting a losing battle with these knuckleheads in here LOL

someone posted that FTMO has 11% american clients so for all intents and purposes the vast majority of prop trading is a bunch of poor schmucks in usa and from all across the world that cant scrape up a few thousand dollars to open real broker accounts

so youre arguing with people whod rather gamble with crooked companies than save up enough money to go to a legit broker like interactivebrokers or whoever else is out there offshore

some of these guys were championing how trustworthy MFF was and now how FTMO is but the court papers with emails and text messages prove otherwise

anyone thats read reminiscences of a stock operator published a 100 years ago would recognize what kind of bookie operations these prop firms are LOL
short trump and go long the deepstate
  • #28,238
  • Jan 13, 2024 9:24pm Jan 13, 2024 9:24pm
I personally find it interesting how all of the trolls began to peak their heads out from behind the bushes only after the CFTC targeted MFF.

What a great opportunity to come here and trash other people so that you can feel better about yourself.

The pattern is easy to recognize... the arrogance, almost always coupled with laughter and an emoji somewhere, the assumptions and condescending remarks without any meaningful contributions, whatsoever etc..

What a sad way to go through life.
  • #28,239
  • Jan 13, 2024 9:25pm Jan 13, 2024 9:25pm
Please check if the prop firm is in the red list below:

https://www.cftc.gov/LearnAndProtect...ck/redlist.htm
  • #28,240
  • Edited Jan 14, 2024 12:46am Jan 13, 2024 9:40pm | Edited Jan 14, 2024 12:46am
Option 1 - Trade 140K in 100% losable drawdown of someone else's money (MFF + FTMO + E8 + TFF + TFT) that cost me <$2000 to accumulate after discounts & refunds

Option 2 - Put 140K of my own money at risk

Even if Option 1 cost me 6-7K with no discounts + refunds, I would have still gone that route.
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