Disliked{quote}-. But this kind of activity, if true, upsets me. As traders, we already have enough working against us, and if they were really doing this kind of thing, then we should not be defending them in my opinion.Ignored
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Anyone trading with a Prop firm 31 replies
So I accepted a Prop Trading job in South Beach Miami 44 replies
prop firm new model - my trading journey 871 replies
Disliked{quote}-. But this kind of activity, if true, upsets me. As traders, we already have enough working against us, and if they were really doing this kind of thing, then we should not be defending them in my opinion.Ignored
Disliked{quote} I agree. Very difficult, specially the way it is pictured. My previous comments / explanation is on my view, with all I learned about prop firms, specially in this topic. I'm not a least bit surprised or shocked by what is there, honnestly. If I was a judge, though. I would look into this with other eyes and saying that they are evil in classifying different customers with different classifications. A judge is not worried if market conditions are different depending if you trade 1 lot or 100 lots, if you trade during the night or during...Ignored
Disliked{quote} I agree. Very difficult, specially the way it is pictured. My previous comments / explanation is on my view, with all I learned about prop firms, specially in this topic. I'm not a least bit surprised or shocked by what is there, honnestly. If I was a judge, though. I would look into this with other eyes and saying that they are evil in classifying different customers with different classifications. A judge is not worried if market conditions are different depending if you trade 1 lot or 100 lots, if you trade during the night or during...Ignored
DislikedAnd I am trying to be devil's advocate with the situation as in general the expansion of the prop space has been good for lots of people whether it has been a necessary evil or just makes sense from a risk perspective but it really pisses me off when the top man turns out to have no integrity. Happy to override any moral issues in pursuit of greater profits and for what? Buying more shiny crap.Ignored
Disliked{quote} There is more time available to us in prop firm industry. It will not die so quickly. The firms and owners know how to get away from regulatory issues. THey are more brainy than us. Infact, the I have more faith in firms and firm owners than regulators who say they protect us. If one needs growth.. get out of rules.. which restricts you. Sometimes , even governments take this step when the situation is in danger. It reminds me of my trading style for challenges. ( I am comparing my styles the last year to the current year ) When I see accuracy,,.......Ignored
DislikedAnyone viewing without a clue about the industry, this seems horrible. However, every broker does it every day.....and it's OK, because they are "regulated". I know it sounds as if I am defending them, in a sense I am, because brokers are allowed to get away with this daily, probably even far worse than what is claimed here. Brokers are counter-party to your trade, mark up spreads, adjust slippage.......everything stated in this document.Ignored
Disliked{quote}-There was nothing mentioned about high volume in this case. The trader was flagged due to having zero losses. That's it. The trader was deemed as being legitimate and was still placed on the aggressive profile. The decision was made to move the trader to aggressive or STP as a result of his success, in hopes that it would prevent him from winning, presumably, based on the what was said about it. The aggressive profile had nothing to do with volume. The account profiles were used to apply varying levels of delay and slippage to accounts....Ignored
QuoteDisliked-The document states that the accounts that were designate as STP were rerouted to 3rd-party dealer, where they would be exposed to real market conditions. TG applied additional, artificial slippage to those accounts (on top of the real market conditions that the traders were already experiencing).
Disliked{quote} So brainy that after Funding Talent Kazmi decided to keep MFF in Canada? Angelo, Dylan & Mattl don't exactly make me confident.Ignored
Disliked{quote} It had to be someone with access to the communication between the adviser and CEO. And also from some employees emails. So either an hacker (weren't they hacked some time ago ?) or internal people trying not to have troubles themselves.Ignored
DislikedI'm assuming high volume that because a trader trading 0.1 lots is not getting such high profits to raise attentions. We would need more info that the one stated to understand if moving him to the aggressive profile is wrongdoing or not.Ignored
DislikedImagine that this is a guy with a 50K account trading 40 or 50 lots and they conclude, as it was the case, that he simply timed correctly the market. Isn't that logic that he is moved into aggressive profile because of the high volume, instead of getting same slippage of someone that only trades 1 or 2 lots ? I was trying to find this. Which number(s) is that ?Ignored
Disliked{quote}-I agree. Don't get me wrong, I appreciate and value the opportunity that the prop firm provides. I can work within its system. But I don't like bullies, cheaters or liars etc.. MFF always made it a point to say things that made it seem that they had integrity, so doing something like this is just cheap and low-class. That's all.Ignored
DislikedWell, if lies bother you it all starts from the "we win if you win" which is the opening statement to this world and it's 100% false. No need to go further to be annoyed.Ignored
Disliked{quote}-Look at the entire context of the message. This was a trader that had zero losses. That's it. He was put on aggressive in hopes that he would stop being profitable. That's it. {quote}-We can imagine anything that we want. All we have is the conversation. Based on the conversation, the trader was good, so they decided to make things hard in hopes that he would stop being profitable. I do not know why we need to look for more here. Maybe there is more. Maybe not. If not, this looks really bad.Ignored
DislikedContext matters definitely to make a judgement here. We don't know volume traded, how many trades, etc. As I said it doesn't make any sense that a guy trading 40 lots and being lucky twice or three times goes on getting the same execution of someone trading 0.1 lots. It's normal to move a trader like this to more real trading conditions, now that he was spotted.Ignored
Disliked{quote}-They would win when traders win on STP. But they still chose to pad the spreads? Come on.Ignored
QuoteDisliked70. For customers on STP, Traders Global uses its specialized software to impose an additional “spread” on the price feed visible to STP’d customers. This spread results in a customer seeing—and believing himself or herself to be executed at—a worse price than what Traders Global got from the Dealer. It allows Traders Global to give less money to a winning customer and, for a losing customer, terminate the account before the losses reach the drawdown limit. (Though it will appear to the customer that he or she exceeded the drawdown limit.)...
Disliked91. On May 4, 2022, Traders Global Employee A asked the Advisor to put another customer on the “aggressive” profile. The Advisor advised Traders Global Employee A “this has been done;” Traders Global Employee A replied, “and the account is now dead[.]” Just amazing what happens behind closed doors. I am not a fan of Govt,,,But I hope the govt takes every last penny Kazmi has... This is what one calls caught dead to rights . Heres Kazmi's $13 million pad he bought with MFF $$ referenced in Complaint. Murtuza Kazmi, Defendant { personal information deleted by staff, per request }
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Disliked{quote}-You keep making stuff up. We know why he was flagged. He had zero losses. That's it.Ignored
Disliked{quote} So brainy that after Funding Talent Kazmi decided to keep MFF in Canada? Angelo, Dylan & Mattl don't exactly make me confident.Ignored