Disliked{quote} {image} Bespoke will be gone within the month. TBH, if MFF is not allowed to operate, there is no way in hell any of these others should be. These firms are literally collecting challenge fees, folks are passing and earning a profit and not getting paid. People thought the model of paying profits from others fees was bad...........looks great compared to NOT GETTING PAID AT ALL!!!! Simply too many greedy kids all trying to grab their piece. Space was much better when there were only 5-6 firms.Ignored
I reviewed the MFF documents again lately and due to how they didnt even mention it was simulated cash people used but straight out lied on their website they have no chance. FTMO did as I understand always mention it was simulated cash. Just those small variables Im suspecting makes a huge difference. MFF had years to be honest to their clients about their operations like the rest of the prop firms but didn't. Thus why regulators just waited I assume and collected the info and probably wanted to see if the prop firm industry kept going down into that ponzi hole as time went on and they did.
Prop firms buried their own hole. Whoever thinks misleading others is fine in any way and justified saying the system is not in favor of the individual anyhow got some moral issues to deal with. How does that make you a better person than any regulator with that mindset or what they did to the industry throughout the years. No one who even thinks MFF was decent morally is not better than any regulator whos interest is to monotize its own markets like futures in US. People point fingers easily. But to point fingers at yourself , woah yea isnt that tricky.
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(it's a strange situation because I see the credit in Wise but the balance is not updating with that ammount; I contacted Wise to know what's going on - any of you experienced something similar ?)
But apparently in their FAQ, they state the drawdown for 1 step challenge is trailing (as with most firms), whereas the drawdown for 2 steps challenge is static. But if you go to their homepage, now all challenges, 1 step or 2 steps drawdown are all trailing. So those things kinda contradict with each other.
