Disliked{quote} Actually found to have committed fraud. How they still operate I dont know.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
Disliked{quote} Actually found to have committed fraud. How they still operate I dont know.Ignored
DislikedJust got an email from FTMO on my ongoing challenge account (I am in US). They wanted me to close all positions, they will switch to DXTrade on Monday. I have a feeling that FTMO will eventually go back in the game with US Clients (with DXTrade). They may drop CFD's for US Clients and leave only FX Pairs.Ignored
Disliked{quote} Sorry Acetrader, I was being bit ironic. Pardon if that was not clear. I will edit the post for the case someone reads it very quickly. They were both involved in a ponzi scheme, stealing money from retired people. It's disgusting. I would not touch Surge Trader even if they had a 5K accountsIgnored
Disliked{quote} Another alternativa is that Meta will ban all prop traders, never mind if that's their own server or not. Meaning that 5ers, Alpha, Finotive, etc. would follow. Takisd ?Ignored
DislikedI have generally been opposed to the whole "prop firm" phenomenon. There was a time when prop firms were legitimate ways for traders to get access to training and funding. Navinder Sarao (aka "the Flash Crash" trader) accumulated tens of millions of profits as a prop trader with the now defunct Futex firm in the UK. I just recently became aware of TradeDay Funding, and their set up really looks close to the old school prop set up that was popular in the 1990's through 2010 or so. Two things are especially attractive and put TradeDay above the rest...Ignored
Disliked{quote} According with CEOs all is fine and bright one day and the next day they shut up in emergency mode. How can anyone trust people like this ?Ignored
DislikedI have generally been opposed to the whole "prop firm" phenomenon. There was a time when prop firms were legitimate ways for traders to get access to training and funding. Navinder Sarao (aka "the Flash Crash" trader) accumulated tens of millions of profits as a prop trader with the now defunct Futex firm in the UK. I just recently became aware of TradeDay Funding, and their set up really looks close to the old school prop set up that was popular in the 1990's through 2010 or so. Two things are especially attractive and put TradeDay above the rest...Ignored
Disliked{quote} Its official over now. The 5ers were confident they had norhing to worry about last week.Ignored
DislikedJust got an email from FTMO on my ongoing challenge account (I am in US). They wanted me to close all positions, they will switch to DXTrade on Monday. I have a feeling that FTMO will eventually go back in the game with US Clients (with DXTrade). They may drop CFD's for US Clients and leave only FX Pairs.Ignored
Disliked{quote} According with CEOs all is fine and bright one day and the next day they shut up in emergency mode. How can anyone trust people like this ?Ignored
DislikedI have generally been opposed to the whole "prop firm" phenomenon. There was a time when prop firms were legitimate ways for traders to get access to training and funding. Navinder Sarao (aka "the Flash Crash" trader) accumulated tens of millions of profits as a prop trader with the now defunct Futex firm in the UK. I just recently became aware of TradeDay Funding, and their set up really looks close to the old school prop set up that was popular in the 1990's through 2010 or so. Two things are especially attractive and put TradeDay above the rest...Ignored
Disliked{quote} if FTMO are infact legally conscious, they will not accept US residents. If they only knee jerk to letters from SaaS providers, they will onboard via dxtrade. However, there are murmurs already that DX are getting nervous. Not sure how true that is or not. Metaquotes won't ban all props I believe. Its a bit suicidal to do so as they are driving too many users to alternatives. From what I heard today they are loosening the noose a bit already to prevent implosions.Ignored