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- Inception12 replied May 13, 2024
Yeah, If the CFTC didnt shut down MFF and scare MQL to pull these props' licences, we would be having 100 new props popping up daily right now. The business was truly profitable for these "CEOs". I guess something good came out of MFF's shutdown.
- Inception12 replied May 13, 2024
I really hope one of 5ers or FTMO can survive this shaking because they've proven to be very reliable. The 5ers seems very solid considering they have other offers besides the high stakes that and their risk management is more robust.
- Inception12 replied May 13, 2024
The maths doesnt seem bad but once new registraitons reduce, which they definitely will over time either due to competition, regulation or just gamblers getting tired of failing, then the model will run it's course as well.
- Inception12 replied May 13, 2024
Their models are based off revenues from failed challenges covering the few wining traders. It may take longer but ultimately will fail just like the forex props since it's still structured the same way. I've seen apex starting to pay out millions ...
- Inception12 replied May 13, 2024
Such a shame, the forex prop firms have been a nice revenue stream but i guess all good things come to an end. I know FTMO and 5ers seem to be holding strong but am not holding my breath. The clock started ticking on the futures props as well.
- Inception12 replied May 5, 2024
If the rules for futures firms prohibit or reduce cheaters, why has no no forex prop just copy pasted the same rules to ensure survival? Maybe that's what E8 is trying to replicate with their new rules.
- Inception12 replied Mar 18, 2024
It seems all asian, western europe, south american and african countries are the list of countries banned by futures props firms. What is the reasoning behind this? Is it a regulatory issue or somethine else? The number of countries banned is longer ...
- Inception12 replied Feb 24, 2024
I would like to believe that ftmo will survive this turmoil even if mq pulled their licence. Ctrader isn't that hard to use so I think the non US traders wouldn't have a problem switching. It's 5ers am most worried about
- Inception12 replied Feb 22, 2024
Yep, that was my 1st thought as well. i
- Inception12 replied Feb 22, 2024
I trust this message finds you well. I am writing to provide you with an update regarding our regulatory journey, an area of utmost importance to us at True Forex Funds. Over the past 10-12 months, our company has undergone an extensive ...
- Inception12 replied Feb 15, 2024
All these prop firms refusing to let go of American clients are just going to make everything worse. They should just let it go for now, follow FTMo's lead, let the CFTC relax and then come up with another solution after a year or two. But these ...
- Inception12 replied Feb 14, 2024
They should register this company in another jurisdiction. After all that's how the firms like IC markets kept offering same leverage to clients when ASIC started regulation. It will be very sad if they fold as well.
- Inception12 replied Feb 14, 2024
Are you saying without US clients FTMo wont survive. I thought they are well positioned to survive this turmoil
- Inception12 replied Feb 14, 2024
Yeah, we spent close to one year just before MFF's case discussing the upcoming regulation on this forum. We knew the authorities werent going to sit idle when we saw how big the prop firm business had become. Now that the shaking has come, lets ...
- Inception12 replied Feb 12, 2024
Which props use match trader so that we can avoid them. Related question, why hasnt 5ers followed FTMO's lead and banned US residents yet? It seems that's the short time solution for props now until the dust settles. I only have accounts at FTMo and ...
- Inception12 replied Feb 4, 2024
I love the idea behind this EA but it seems to me like you can do these calculations manually in a simple excel sheet, take the reversal trades manually on both accounts and avoid getting banned because you used a publicly available EA.
- Inception12 replied Feb 2, 2024
If all the prop firms follow FTMos lead and decide not to deal with US residents, will the Cftc keep pursuing this crackdown or they'll be satisfied and just let it be? This looks like it might give the industry some breathing space as it looks the ...
- Inception12 replied Feb 2, 2024
It's been more than a month since FTMo banned US citizens. If the solution was simply using another platform like tradelocker for US citizens, i think they would have done it by now. Unfortunately it seems, you either ban US citizens, or you have to ...
- Inception12 replied Feb 2, 2024
Simple supply and demand does the trick. I use OBV divergencce from the futures charts to confirm the trade. image
- Inception12 replied Jan 30, 2024
These futures firms have been running these crazy discounts since the very beginning. Business must be booming since trading futures is way harder than forex. They probably don't have any crazy payouts either.