DislikedThis was from one of the post in FT Discord posted by Wade. "Ask any other firm to provide their broker license - or just go online and check if they are a registered broker. If not then you have your answer. And copying to a Live Account doesn't excuse a company from needing a broker license. That would be one heck of a loophole" If what he says is true, then neither FTMO or MFF or any Prop firm claiming to copy trades cannot operate without a broker license. Both FTMO and MFF have stated that they are not brokers. It is kind of getting more and...Ignored
Is it fraud? I do not think so.
Is it the calculated risk of pretending to be an educational company? For sure.
IMO these companies would be classified more likely as a game of chance providers rather than brokers.
If one who makes money with them also makes a fair tax statement every year, who cares?
Chase value, not price
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