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  • #31,221
  • Feb 19, 2024 4:22pm Feb 19, 2024 4:22pm
Quoting Expo33
I regret to inform all of my esteemed colleagues here at Forex Factory that I'm done with prop firms. I realize that I have been an inspiration and a ray of sunshine to all of the traders here but I can't continue to invest any more time and energy into the prop space. Waking up in a stupor at 3 am and clicking a button on my phone and then falling back to sleep is much harder than it seems. Instead, I'm going to put more energy into learning to play the piano. But don't worry I'll continue to troll here to satisfy my sadistic desires. PS. I'm working...
All comedy aside there really are no other options left for US residents. Futures prop are an avenue but there’s a steep learning curve for those coming from FX world.
Trade with confidence, trade without fear.
  • #31,222
  • Feb 19, 2024 4:26pm Feb 19, 2024 4:26pm
Quoting Cryptosurf
{quote} All comedy aside there really are no other options left for US residents. Futures prop are an avenue but there’s a steep learning curve for those coming from FX world.
yes.....CFTC wins again. Who loses? Profitable traders. This does not benefit anyone. Just as they did with brokers, those losing at props will go lose money somewhere else. This ONLY hurts the profitable traders.
  • #31,223
  • Feb 19, 2024 4:29pm Feb 19, 2024 4:29pm
Quoting TrAndy1
What is the Commission Per Lot?
-Commission? What's that? Why pay for something you are not even needing since we only trade using "Simulated Money".
-I wonder if they also feel that way about spreads and slippage.
  • #31,224
  • Feb 19, 2024 4:30pm Feb 19, 2024 4:30pm
Quoting TrAndy1
New props coming https://firmityfunding.com/
-I think, if you are going to use AI-generated profile images, then probably better to just not use any at all.

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  • #31,225
  • Feb 19, 2024 4:32pm Feb 19, 2024 4:32pm
Quoting CableJ
{quote} Angelo has decided to avoid immediate collapse from banning US traders by instead flying directly into the sun... US prop firm + offshore broker offering CFDs to US citizens + Prop CEO resides on US soil.... SMFH
his brain rivals that of the village idiot
A snails pace wins the race :-)
  • #31,226
  • Feb 19, 2024 4:44pm Feb 19, 2024 4:44pm
Quoting Cryptosurf
{quote} All comedy aside there really are no other options left for US residents. Futures prop are an avenue but there’s a steep learning curve for those coming from FX world.
Yeah, I've gotten comfortable trading Bitcoin and the SP500 on Tradovate but for now, I'm just going to sit back and see how this all unfolds.
Pride always comes before destruction.... -Proverbs 16:18
  • #31,227
  • Feb 19, 2024 4:46pm Feb 19, 2024 4:46pm
Quoting Nsak3y
{quote}-I think, if you are going to use AI-generated profile images, then probably better to just not use any at all. {image}
InvestEr
  • #31,228
  • Feb 19, 2024 4:53pm Feb 19, 2024 4:53pm
Quoting pipmaster77
{quote} yes.....CFTC wins again. Who loses? Profitable traders. This does not benefit anyone. Just as they did with brokers, those losing at props will go lose money somewhere else. This ONLY hurts the profitable traders.
US forex cartel like Oanda, Gain capital wins . I am 1000% positive it was initiated by them. It collapsed all prop firms as these firms relies on novice traders for fees.
Good traders will loose a great opportunity.
  • #31,229
  • Feb 19, 2024 4:56pm Feb 19, 2024 4:56pm
Quoting Takisd
InvestEr
-Yeah. And in their early 20's, supposedly.
  • #31,230
  • Feb 19, 2024 5:04pm Feb 19, 2024 5:04pm
Other new prop https://only-funds.com/ (had no time to look further into this one, maybe someone else could do more research here)
They allow HFT with Eightcap still beside normal Standard accounts. Website looking ugly.
  • #31,231
  • Feb 19, 2024 5:14pm Feb 19, 2024 5:14pm
Quoting sampat
{quote} US forex cartel like Oanda, Gain capital wins . I am 1000% positive it was initiated by them. It collapsed all prop firms as these firms relies on novice traders for fees. Good traders will loose a great opportunity.
Yes. I posted earlier, in one of the two remaining props I can trade on, 0.5 on GBPAUD, 5.6 with forex.com....hey, thanks for looking out for me, CFTC. If you trade 1 lot per day, it's 12K extra in spread annually. I trade small, how about someone trading 10 lots coughing up an extra 120K from their bottom line......it's fucking criminal, but hey they're "regulated"
  • #31,232
  • Feb 19, 2024 5:16pm Feb 19, 2024 5:16pm
Quoting TrAndy1
Other new prop https://only-funds.com/ (had no time to look further into this one, maybe someone else could do more research here) They allow HFT with Eightcap still beside normal Standard accounts. Website looking ugly.
lol, I thought it was bizarre anyone is launching new, then, in a unique twist of events, someone launches new with 8cap. You can't even make this shit up.
Did 8cap change their mind on prop business?
  • #31,233
  • Feb 19, 2024 5:19pm Feb 19, 2024 5:19pm
Quoting pipmaster77
{quote} lol, I thought it was bizarre anyone is launching new, then, in a unique twist of events, someone launches new with 8cap. You can't even make this shit up. Did 8cap change their mind on prop business?
Good marketing strategy. Make your firm sound like ONLYFANS, or ONLYFOOLS. Come on man (Biden accent included)
Pride always comes before destruction.... -Proverbs 16:18
  • #31,234
  • Edited 5:41pm Feb 19, 2024 5:25pm | Edited 5:41pm
Quoting pipmaster77
{quote} lol, I thought it was bizarre anyone is launching new, then, in a unique twist of events, someone launches new with 8cap. You can't even make this shit up. Did 8cap change their mind on prop business?
Im thinking in the sudden vacuum that has been created, scammers smell blood.
Trade with confidence, trade without fear.
  • #31,235
  • Feb 19, 2024 5:53pm Feb 19, 2024 5:53pm
Quoting Capablanca
{quote} I still didn't understand if non US can go on trading in MT in these props.
I'm not sure either.
  • #31,236
  • Feb 19, 2024 5:59pm Feb 19, 2024 5:59pm
Quoting Capablanca
{quote} Alpha and 5ers were saying that they were fine, bla bla bla. It's all bullsh*
Just an hour or less before they announced no more USA traders one of Alpha Capital's reps said they were still accepting USA traders.
  • #31,237
  • Feb 19, 2024 6:07pm Feb 19, 2024 6:07pm
Quoting Nsak3y
{quote}-Contrary to what some may believe, US regulators are not omnipotent. They must still operate within their own legal framework. The problem is when businesses fold out of fear. This is one of the many strategies employed by US regulators.
Absolutely correct. They fold & run.
  • #31,238
  • Feb 19, 2024 6:56pm Feb 19, 2024 6:56pm
Quoting Nsak3y
{quote}-Contrary to what some may believe, US regulators are not omnipotent. They must still operate within their own legal framework. The problem is when businesses fold out of fear. This is one of the many strategies employed by US regulators.
The problem is they tend to reach beyond their given authority/framework then let the courts decide.
Trade with confidence, trade without fear.
  • #31,239
  • Feb 19, 2024 7:42pm Feb 19, 2024 7:42pm
Quoting pipmaster77
{quote} Yes. I posted earlier, in one of the two remaining props I can trade on, 0.5 on GBPAUD, 5.6 with forex.com....hey, thanks for looking out for me, CFTC. If you trade 1 lot per day, it's 12K extra in spread annually. I trade small, how about someone trading 10 lots coughing up an extra 120K from their bottom line......it's fucking criminal, but hey they're "regulated"
Forex.com was my first broker back in 2007...I still remember they had good spreads as per 2007 standards (basically 2 pip EUR/USD pair was pretty common).
I again deposited some in 2017-18. Surprisingly spreads looks similar
I feel it is better to trade currency futures on AMP or interactive brokers than traditional forex ones in US and Canada.
  • #31,240
  • Feb 19, 2024 7:45pm Feb 19, 2024 7:45pm
Quoting Nsak3y
{quote}-I think, if you are going to use AI-generated profile images, then probably better to just not use any at all. {image}

LOL LMAO
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