It's ok, they'll just fake a load more (then get a free pass once more from the prop community).

'Trading' news gives the the 'traders' i.e. gamblers their biggest dopamine hit. It's as close to roulette as the financial markets get (outside of binary options and all that BS).

Licensing / regulation is the only realistic way to raise the barriers of entry.

For some firms, for sure. I doubt FTMO lack the capital reserves to manage a revenue reductions, and since they were able to off-ramp the US traffic, retain MetaTrader, I imagine it was a smoother transition.

The amount of abusive / toxic traffic has increased massively for firms. If the old way of working doesn't work then they need to change so it does. It's amazing the FX props have lasted so long with such lax rules vs the Futures space.

If the CFTC were so willing and MFF so vulnerable to one complaint, then it was probably a matter of time regardless of who instigated it. Be interesting to see what happens to TFT / Angelo and the crew with all the complaints going in about them.

That sounds pretty stupid speculation to me. A business that makes most of its money from US customers (and all its money from prop) willingly brings scrutiny from one of the most powerful regulators to a company it's inextricably linked with.

MFF were with FPFX too, but they'll no doubt get a pass on that. The break would give her and her husband more time to defraud more Church members.

FTMO had to pull out of the USA and even if they go back they can't use the most popular platform. Not sure they'll be thanking the CFTC for losing their largest country of revenue. I actually think CEO and other senior people running the show think ...

That philosophy worked really well with sub-prime in 2008. No one is saying leverage isn't good, some are saying excessive leverage isn't.

Depends how you're assessing risk. For example: 1) Risk 1% of the account with a 1000 pip stop. 2) Risk 1% of the account with a 10 pip stop. Theoretically the same amount of risk, but in reality the latter requires 10x the leverage and position ...

FTMO want to have their cake and ear it. They give 100/1 leverage, which is obviously far too much for any sensible risk management given the drawdown limits. No one needs $10 million of buying power with $10,000 worth of initial drawdown. Higher ...

You don't have much of an argument if you have to resort to silly comparisons. To play along with the absurdity, sharks 'target' people who swim in their domain. If the sharks start putting ads on the tube to encourage people who otherwise wouldn't ...

He's an interesting guy. Very switched on and realistic about the prop space, risk and law, but total dreamer with nonsense about a 7 figure payout.

To people who frequent Forex Factory they're simple. It's by definition complex because it's a high-risk leveraged product which can result in significant losses and could result in the investor losing more than they invested (though negative ...

We're probably a little at cross purposes here. I fully believe and agree US citizens should gave access to CFDs and prohibiting them in 2010 was the wrong move. The same with online gambling. However, I believe in Europe that the limitations of ...

The reality for CFD props is their model doesn't work without payout denial of flat out scamming like the TFT bunch. The industry needs to shift to more realistic rules like the Futures space has (perhaps not that far). 5%ers is a slightly ...

CFDs were designed a sophisticated / complex financial product. They're not a simple savings account with your bank. Fine for those with the experience and qualifications who understood them. However, as expected, brokers etc got greedy and aimed ...

Unfortunately there are people who have no finesse and can't deal with nuance, so they take a simplistic world view and anchor everything to that.

I was talking about the ESMA review. That was the start of this thread talking about cigarettes etc you latched on to. ESMA was relating to Europe, not the USA. When it comes to the US, the US doesn't want CFDs and that may be partly because Futures ...