I think data analyst dont need license as a financial advisor or invesment manager to work to other companies does it Takisd? i dont know much about this

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Yeah nevermind is ic markets global so yeah cysec too dont allow brokers offer social trading services, so we traders might need license to trade to prop firms, unless you outside UK and EU

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Yeah it makes sense, but wouldnt we considered data analyst or financial analyst and required license too? This really confuses like look at brokers in FCA regulation cant offer copy trading, but in europe or cysec you see ic markets offering copy ...

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What would the solution so that is no need for license, just say its video game right?

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If this is proved true, damn CFTC is really incompetent what a bunch of idiots

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Yup and probably in some years crypto will only be avaiable in US as ETFs or futures so that the US can control it and make money of it as forex futures market is right now in the US

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Wow thank god i feel so much confident and safe since this statement, now i can sleep well at night

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Yep, US Gov and blackrock wanna take their business, its pretty interesting that they chased binance when blackrock proposed a BTC ETF

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Payment providers dont wanna take the risk of taking in those prop firms, safest way is crypto payouts but even the US based ones will be difficult to deal with crypto exchanges, some props are taking advantage of this wise issue to delay payouts ...

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Wise is blocking prop firms, better use Crypto or paypal, let us know if u receive your payout

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Only the ones that dont risk much and have been with them for years so its safer to hedge their trades externally, it is like forex brokers, they will B book you first depending on volume ect and then maybe A Book profitable traders and others even ...

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They pay but deny big payouts, the thing is stay in 4 figure payouts, but who knows in some months the bad prop firms will go in solvency because of people buying less challenges, maybe only FTMO survives and a couple others, but the smaller prop ...

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Or wise is starting to block firms or TFT is coming with excuses do delay payouts, doesnt sound good at all, btw what poker website u use?

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This is what CFTC does when cant reach like MFF they just put in red list ahah

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The thing is CFTC will block forex prop firms from taking US Citizens, what they can do, is offer a different model like futures or forex without being CFDs, and keep same conditions this will be super good for US citizens

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True thats the reason anyone takes challenges, you get more for less, but CFTC wants to protect you from losing 500 in a challenge but lets you lose thounsands in a forex broker regulated by them

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I dont know but maybe prop firms getting their data for OTC from reputable sources, i dont know i am not an expert in that

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And i am against regulation, but since most prop firms are not reputable like MFF or FTMO, regulation is needed to regulate data feeds payouts ect, right know prop firms are the wild west and they do and refuse what payouts they want

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In the US there will be to need a new model like better futures prop firms offering similar conditions to forex prop firms and not like 6k profit target and 3k overall drawdown

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Yes they can as forex brokers survive too and you have hundreds of forex brokers, prop firms are a great business, it will be regulated for sure, the problem is forex prop firms are offering forex cfds that is illegal for US, or they offer a new ...

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