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  • #34,001
  • Apr 3, 2024 10:09am Apr 3, 2024 10:09am
Quoting PropDude1234
{quote}How do do you know you were live? MFF added spread on top of their STP accounts on top of the dealers' spread. There's no reason for them to do this other than to make reduce the profit and make it harder for the trader.
They simply simulated real conditions, which were actually better than real conditions. The gambler/scalper/larger size orders received more slippage.......just like the real market.......it is common sense for anyone that knows anything at all about trading.
The problem is the CFTC does not nor does anyone claiming victory about MFF being shut down.
Now we are left with a bunch of scam firms doing anything and everything TO NOT PAY people.
Yes, we are in a way better place....Thank God they got rid of MFF
  • #34,002
  • Apr 3, 2024 10:11am Apr 3, 2024 10:11am
Quoting QweenOfTrade
{quote} Then do something about it? I dont see anyones point lmao. Feelings got hurt about a bad strategy?
He purchased one product and they are giving him another?????????How do you not see the issue?
It's actually a good strategy, which is EXACTLY why they will not provide him the account he ppurchased and passed.
  • #34,003
  • Apr 3, 2024 10:14am Apr 3, 2024 10:14am
Man, I just have to say, as I read the posts in here.......Nobody is fooling anyone. Everyone's agenda is crystal clear by the idiotic posts that are being made.
The anti MFF, the pro garbage firms, the pro futures but anti apex, it's all crystal clear guys.
  • #34,004
  • Apr 3, 2024 10:15am Apr 3, 2024 10:15am
Quoting pipmaster77
Man, I just have to say, as I read the posts in here.......Nobody is fooling anyone. Everyone's agenda is crystal clear by the idiotic posts that are being made. The anti MFF, the pro garbage firms, the pro futures but anti apex, it's all crystal clear guys.
We should just ignore those people why waste time with them
  • #34,005
  • Apr 3, 2024 10:16am Apr 3, 2024 10:16am
Quoting Novazor
{quote} We should just ignore those people why waste time with them
i agree as well
Extreme gut feeling trader
  • #34,006
  • Apr 3, 2024 10:20am Apr 3, 2024 10:20am
Quoting pipmaster77
{quote} They simply simulated real conditions, which were actually better than real conditions. The gambler/scalper/larger size orders received more slippage.......just like the real market.......it is common sense for anyone that knows anything at all about trading. The problem is the CFTC does not nor does anyone claiming victory about MFF being shut down. Now we are left with a bunch of scam firms doing anything and everything TO NOT PAY people. Yes, we are in a way better place....Thank God they got rid of MFF
I'm talking about the traders who were STPed / went truly live.

Unnecessary spread was added to reduce the profit / increase their losses of these accounts.

Even the largest MFF apologists can't spin that one.
  • #34,007
  • Apr 3, 2024 10:21am Apr 3, 2024 10:21am
Some of us are living with such hypocrites... Quit trading if you aren't happy with any firm. At this point you are just addicted
  • #34,008
  • Apr 3, 2024 10:36am Apr 3, 2024 10:36am
Quoting PropDude1234
{quote}I'm talking about the traders who were STPed / went truly live. Unnecessary spread was added to reduce the profit / increase their losses of these accounts. Even the largest MFF apologists can't spin that one.
You keep repeating this nonsense but you clearly didn't read the case.

The case says they got slightly worse pricing than the b-book. It didn't say "THEY ADDED SPREAD TO A BOOK". A difference in price feed between the platform and the execution seems to make that "spread" you are talking about.

But its ok, on Match trader the traders would have gotten worse prices regardless of whether they were A or B booked. Its the traders fault right?
  • #34,009
  • Apr 3, 2024 10:50am Apr 3, 2024 10:50am
Quoting ladder
{quote} But they are running to Apex, not your firm. Are you OK with that? Will you continue to defame Apex?
Which one would that be? Lol, whatever he posts, you accuse him of owning some firm. Lux Trading, or Topstep, or even the CFTC. Make up your mind!!
  • #34,010
  • Apr 3, 2024 11:04am Apr 3, 2024 11:04am
Quoting Takisd
{quote} You keep repeating this nonsense but you clearly didn't read the case. The case says they got slightly worse pricing than the b-book. It didn't say "THEY ADDED SPREAD TO A BOOK". A difference in price feed between the platform and the execution seems to make that "spread" you are talking about. But its ok, on Match trader the traders would have gotten worse prices regardless of whether they were A or B booked. Its the traders fault right?
Wrong. It essentially says exactly that.






Attached Image (click to enlarge)
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  • #34,011
  • Apr 3, 2024 11:14am Apr 3, 2024 11:14am
Quoting PropDude1234
{quote}Wrong. It essentially says exactly that. {image}
Again, you haven't read anything beyond the complaint. Now go through the exhibits. Good luck.
  • #34,012
  • Apr 3, 2024 11:19am Apr 3, 2024 11:19am
Quoting Takisd
{quote} You keep repeating this nonsense but you clearly didn't read the case. The case says they got slightly worse pricing than the b-book. It didn't say "THEY ADDED SPREAD TO A BOOK". A difference in price feed between the platform and the execution seems to make that "spread" you are talking about. But its ok, on Match trader the traders would have gotten worse prices regardless of whether they were A or B booked. Its the traders fault right?
and I repeat....
.it is common sense for anyone that knows anything at all about trading.
The problem is the CFTC does not nor does anyone claiming victory about MFF being shut down.
This thread has become mentally exhausting.
  • #34,013
  • Apr 3, 2024 11:21am Apr 3, 2024 11:21am
I've read the entire matter and subscribe to PACER to see the paywalled docs.

As per the above screenshot, it's not talking about execution delays.

This one is good, too.

After discussions with the CEO the proposed anyone who had made more than 5% profit would be put on a group which made it harder for them to profit. The groups people excuse that were 'just to stop cheaters'.
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  • #34,014
  • Apr 3, 2024 11:22am Apr 3, 2024 11:22am
Quoting pipmaster77
Man, I just have to say, as I read the posts in here.......Nobody is fooling anyone. Everyone's agenda is crystal clear by the idiotic posts that are being made. The anti MFF, the pro garbage firms, the pro futures but anti apex, it's all crystal clear guys.
I know, it’s crazy. Meanwhile I have quietly passed 17 apex evals, with other 3 less than $100 to go. TDD never below $2000

Not once in last few weeks have I had to wake up and wonder if it’s a scam. For now, it certainly is not.
A snails pace wins the race :-)
  • #34,015
  • Apr 3, 2024 11:27am Apr 3, 2024 11:27am
Quoting JustPipMe
{quote} I know, it’s crazy. Meanwhile I have quietly passed 17 apex evals, with other 3 less than $100 to go. TDD never below $2000 Not once in last few weeks have I had to wake up and wonder if it’s a scam. For now, it certainly is not.
Yes, I am $688 away in this this batch, my peak threshold is $23 away from the balance, so $2,477 in DD available. I think I trade much better without the added stress of worrying about the broker, the firm, the platform, MT4, payout denials, etc.........makes sense I guess.
Full disclosure, I've blown a few as well. But my ROI is 400% against investment at this point and should only climb quickly and exponentially from here
  • #34,016
  • Apr 3, 2024 11:30am Apr 3, 2024 11:30am
Futures firms are shit, most CFD firms are a scam. Prop is a slightly more sophisticated form of gambling that most punters are addicted to.

The statistical overwhelming probability is you'll all lose money in the long-term.

I'm not in touch with him anymore, but I knew a senior director at one of the largest and one of the first CFD firms in Europe. He said out of the 100s of 1000s of traders he saw, there was only one who was consistently profitable more than a couple of years.

Naturally no one on here, because everyone on a trading forum is profitable.
  • #34,017
  • Apr 3, 2024 11:39am Apr 3, 2024 11:39am
Quoting JustPipMe
{quote} I know, it’s crazy. Meanwhile I have quietly passed 17 apex evals, with other 3 less than $100 to go. TDD never below $2000 Not once in last few weeks have I had to wake up and wonder if it’s a scam. For now, it certainly is not.
thats good question which options is best monthly payment or one shot payment for PA accounts
@pipmaster77 your input also highly appreciated.
Also if you guys using tradovate how check the daily pnl
Extreme gut feeling trader
  • #34,018
  • Apr 3, 2024 11:51am Apr 3, 2024 11:51am
Quoting PropDude1234
Futures firms are shit, most CFD firms are a scam. Prop is a slightly more sophisticated form of gambling that most punters are addicted to. The statistical overwhelming probability is you'll all lose money in the long-term. I'm not in touch with him anymore, but I knew a senior director at one of the largest and one of the first CFD firms in Europe. He said out of the 100s of 1000s of traders he saw, there was only one who was consistently profitable more than a couple of years. Naturally no one on here, because everyone on a trading forum is profitable....
it all comes down to risk management....if you know how to manage risk (most don't or simply lack the emotional control to execute it), your strategy can have a low win rate.
For example, on these futures props with trailing DD, I take multiple small profits as opposed to letting a trade run with the possibility of coming back.
I then reenter almost immediately, but using the NEW risk parameters of goal vs. DD available. This truly is not rocket science.
However, you are correct, most have no idea what they are doing or they understand the game but lack the control to execute.
  • #34,019
  • Apr 3, 2024 11:58am Apr 3, 2024 11:58am
Quoting montygoldy
{quote} thats good question which options is best monthly payment or one shot payment for PA accounts @pipmaster77 your input also highly appreciated. Also if you guys using tradovate how check the daily pnl
I use rithmic and my take is this.......if I am making money, the $85 is simply a monthly expense. If I am not making money, I lose $85 vs. $140 (50K rithmic).
I have not maxed the 20 accounts yet, as my approach, just like it was in the forex props, is reinvest payouts, even with the initial layout being much lower.
So when this first batch gets paid, I will purchase the rest.
I may after a few payouts, do the lifetime on some of the accounts.......stay active for 2 months you're ahead of the game........however, that is another conversation on whether to build a buffer or take the payout and just start over.
  • #34,020
  • Apr 3, 2024 12:12pm Apr 3, 2024 12:12pm
Quoting montygoldy
{quote} thats good question which options is best monthly payment or one shot payment for PA accounts @pipmaster77 your input also highly appreciated. Also if you guys using tradovate how check the daily pnl
My son uses Tradovate with Ninja and he is able to see his stats through Ninja I believe.....I will ask him when I speak with him later today.
He has seen my setup though and says his next batch he is going rithmic.
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