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  • #31,021
  • Feb 18, 2024 3:08pm Feb 18, 2024 3:08pm
Quoting procrude
Guys is myfundedfx accepting us clients? there support is offline. I know they have active dxtrade. I am itching to buy a challenge tonight.
You have choose your challenge and...country to select
  • #31,022
  • Feb 18, 2024 3:13pm Feb 18, 2024 3:13pm
Quoting Capablanca
{quote} What's the surprise ? I have been saying bad thing about lots of props, despite I have accounts there and received payouts. A prop can be sh*t and we can milk them anyway. If you just go with the most honest one you are leaving money on the table.
You are Takisd? ...
  • #31,023
  • Feb 18, 2024 3:31pm Feb 18, 2024 3:31pm
Quoting procrude
Guys is myfundedfx accepting us clients? there support is offline. I know they have active dxtrade. I am itching to buy a challenge tonight.
Yes but i wouldn't.
  • #31,024
  • Feb 18, 2024 3:32pm Feb 18, 2024 3:32pm
Quoting Tim_isoara
{quote} You are Takisd? ...
Yes we are twins joined at the anus.
  • #31,025
  • Feb 18, 2024 3:41pm Feb 18, 2024 3:41pm
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https://www.financemagnates.com/fore...tmo-forecasts/
  • #31,026
  • Feb 18, 2024 3:47pm Feb 18, 2024 3:47pm
Quoting ladder
{quote} Future props' trailing drawdown is designed to make traders fail
Nothing "makes" a trader fail other than their inability to succeed in a given environment.

A 100-yard hurdler doesn't lose because the hurdles "made" him fail. He failed because he couldn't negotiate the hurdles that were part of the race.

You know the rules in advance. If you don't think you can win that game then don't play.
Pride always comes before destruction.... -Proverbs 16:18
  • #31,027
  • Feb 18, 2024 4:01pm Feb 18, 2024 4:01pm
Quoting Expo33
{quote} Nothing "makes" a trader fail other than their inability to succeed in a given environment. A 100-yard hurdler doesn't lose because the hurdles "made" him fail. He failed because he couldn't negotiate the hurdles that were part of the race. You know the rules in advance. If you don't think you can win that game then don't play.
Agreed, like I say, if you know how the game is played, then its not to difficult.

And right on cue....TFT is coming to save the day.

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Trade with confidence, trade without fear.
  • #31,028
  • Edited 4:14pm Feb 18, 2024 4:02pm | Edited 4:14pm
Quoting AaronPriest
Currently, I have found zero solutions to automate anything with DXTrade. I can't find a way to copy trades from MT5 to DXTrade, and I can't find a way to automate buys/sells directly from TradingView to DXTrade. Since I'm being forced to DXTrade this week with several of my accounts, I'm unsure what to do.
-Not sure if you follow the thread over at babypips, but I recently posted responses from various trade copier services regarding their decisions to implement other trading platforms.

While I did not ask about DXTrade, specifically (I asked about ACT Trader and Trade Locker), two of the responses did sound promising, as it seems that these service providers are very aware of what is happening in this space and are willing and able to provide accommodations for the shift.

I have also seen mention of one or two providers that are already providing (or soon to provide) support for DXTrade, which should allow Meta traders to copy their trades over. All things being said, it may depend on your specific needs.
  • #31,029
  • Feb 18, 2024 4:02pm Feb 18, 2024 4:02pm
Quoting pipmaster77
once you pay the monthly sub or lifetime activation fee, it is parallel with a forex prop pricing without anything close to the value.
-Yes. And so the theme continues.
  • #31,030
  • Edited 4:16pm Feb 18, 2024 4:03pm | Edited 4:16pm
Quoting inversio
Not clear to me then why these firms r hurting their business by going against us authority.
-I think, we must first recognize the possibility that there may not be any clear determination yet, that what some of these firms are offering, is even prohibited and subject to regulation in the first place. Until that is made clear, any decision to cease activities may appear as an admission of wrongdoing.

Quoting inversio
If cfds or certain leverage or certain instruments r not permitted for USA clients then isn't it possible to offer two different packages for USA n non USA clients. When a USA client want to join they will get USA permitted trading environment n other clients wiil get normal one. As USA has big client base so no one want to miss them, so why it's so difficult to offer USA clients as per USA authority
-Not suggesting that you are implying this, but I think that it is worth noting that it seems to be a common misconception, even among some brokerages, that it is illegal for US citizens to trade certain instruments, with certain leverage etc.. In actuality, what is not legal, is for brokerages/firms to offer such services to US citizens, especially without proper licensing, regulatory oversight and compliance etc..

That being said, it is not only a matter of the nature of the offering, but that the offering is being provided for US citizens at all. Since regulators seem to see US citizens as their property, they require that any entity that wishes to conduct business with their property, must pay for permission to do so, while also adhering to strict, costly and burdensome rules/guidelines, reporting and other requirements etc..

I am no expert and I may be wrong about some of these things, but this is my basic understanding on the matter.
  • #31,031
  • Feb 18, 2024 4:13pm Feb 18, 2024 4:13pm
Quoting Expo33
Nothing "makes" a trader fail other than their inability to succeed in a given environment.
-While I appreciate what you are saying, it of course, is not entirely true in all cases. I also think that there is a point to be made about integrity and knowing where to draw our lines in the sand as traders.
  • #31,032
  • Feb 18, 2024 4:17pm Feb 18, 2024 4:17pm
Quoting pipmaster77
{quote} Yes. I posted just the other day........provide me 20X max loss for my "fee", static DD, you can even keep the 1 stage bullshit, I'll do a 2 stage 8%/5% target with MT5. Amp has futures on MT5, so it is available. I will purchase the max accounts available at whatever firm will give me an apples to aplles offering of the forex props. Instead, any firm offering static is providing $625 max loss on a "100K" account with a 2K target and a 2 mini contract limit. Even the evil trailing DD requires more than a flip. It looks cheap with all of...
I am with Apex since November. Your calculations are right. It's much more expensive than Forex props.
While I still have some Forex prop account, I am sticking with futures now. Why? Because I don't have to deal with forex broker tricks, like abnormal slippage, spreads widenings, execution delays... all kinds of tricks used viciously to flaw the game.
I prefer clear and transparent rules, even difficult for the trader and designed to increase the prop firm's edge, than finding out dishonest tricks are being used against me, which would frutrate me. But this is just me.

That being said, there are also issues with futures brokers from time to time, like currently with Tradovate, but they are genuine technical issues, not engineered.

Just wanted to jump into your discussion to give you another viewpoint.
Don't give up on your dreams. Keep sleeping.
  • #31,033
  • Feb 18, 2024 4:21pm Feb 18, 2024 4:21pm
Quoting Cryptosurf
And right on cue....TFT is coming to save the day.
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-I don't know... this feels equivalent to a drug dealer trying to start a pharmacy.
  • #31,034
  • Feb 18, 2024 4:42pm Feb 18, 2024 4:42pm
Quoting Artcool
{quote} I am with Apex since November. Your calculations are right. It's much more expensive than Forex props. While I still have some Forex prop account, I am sticking with futures now. Why? Because I don't have to deal with forex broker tricks, like abnormal slippage, spreads widenings, execution delays... all kinds of tricks used viciously to flaw the game. I prefer clear and transparent rules, even difficult for the trader and designed to increase the prop firm's edge, than finding out dishonest tricks are being used against me, which would...
Good point, there's execution issues I never liked in FX. Regardless of the reasons. FTMO trying to explain it as being the "norm" is a bit tough to swallow.

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Trade with confidence, trade without fear.
  • #31,035
  • Feb 18, 2024 4:52pm Feb 18, 2024 4:52pm
Quoting Cryptosurf
{quote} Agreed, like I say, if you know how the game is played, then its not to difficult. And right on cue....TFT is coming to save the day. {image}
I'll be surprised if Angelo and Matt L aren't in the CFTC crosshairs.
  • #31,036
  • Feb 18, 2024 5:01pm Feb 18, 2024 5:01pm
Quoting PropDude1234
{quote}I'll be surprised if Angelo and Matt L aren't in the CFTC crosshairs.
Both out of a job by year’s end
A snails pace wins the race :-)
  • #31,037
  • Feb 18, 2024 5:07pm Feb 18, 2024 5:07pm
Quoting PropDude1234
{quote}I'll be surprised if Angelo and Matt L aren't in the CFTC crosshairs.
Supposedly one is currently in said crosshairs...
Trade with confidence, trade without fear.
  • #31,038
  • Feb 18, 2024 5:35pm Feb 18, 2024 5:35pm
Quoting Expo33
{quote} Nothing "makes" a trader fail other than their inability to succeed in a given environment. A 100-yard hurdler doesn't lose because the hurdles "made" him fail. He failed because he couldn't negotiate the hurdles that were part of the race. You know the rules in advance. If you don't think you can win that game then don't play.
Exactly my point, trading with the forex props, we were 100 yard sprinters, now we need to become hurdlers. The tricky marketing and heavy discounts of the futures props leads one to believe these are better offers than the forex props, when, in actuality, they are far worse.
  • #31,039
  • Feb 18, 2024 5:42pm Feb 18, 2024 5:42pm
Quoting Nsak3y
{quote}-Not sure if you follow the thread over at babypips, but I recently posted responses from various trade copier services regarding their decisions to implement other trading platforms. While I did not ask about DXTrade, specifically (I asked about ACT Trader and Trade Locker), two of the responses did sound promising, as it seems that these service providers are very aware of what is happening in this space and are willing and able to provide accommodations for the shift. I have also seen mention of one or two providers that are already providing...
Hadn't heard of this thread, got a link?
  • #31,040
  • Feb 18, 2024 5:43pm Feb 18, 2024 5:43pm
Quoting Cryptosurf
{quote} Agreed, like I say, if you know how the game is played, then its not to difficult. And right on cue....TFT is coming to save the day. {image}
Matt's reply was awesome, LOL! Like him or hate him, at least he's entertaining, haha!
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