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  • #22,901
  • Sep 26, 2023 7:36am Sep 26, 2023 7:36am
Quoting maahome
Don't die laughing when you see this one guys... Homepage - 1of1 Funding (oneofonefunding.com) maahome
yikes
  • #22,902
  • Sep 26, 2023 7:42am Sep 26, 2023 7:42am
Quoting TrAndy1
{quote} Wise is much worse than Deel. Even I got denied my bank transaction from my US hedge fund when they used Wise. Now we only make plain bank wire transfers! They have huge problems on any transactions, especially overseas, and also bigger transactions starting from 4-figures. Wise has problems with regulators because they want to obtain a banking license. And regulators say they do not do enough against money laundering. So they suspect nearly everyone and every transactions causing huge delays. Wise 2 years ago was very fine but that changed...
Yeah i used them for my company account but too much drama to use them so i switched to revolut
  • #22,903
  • Sep 26, 2023 7:46am Sep 26, 2023 7:46am
Quoting DeltaCapital
{quote} Yeah i used them for my company account but too much drama to use them so i switched to revolut
I have money in wise for their interest rate. Recently they asked for full re-do of KYC but it all passed so its fine. Since Deel though I think they have a close eye on trading revenues. Revolut feels expensive to me, although i have them and n26 as well.
  • #22,904
  • Sep 26, 2023 7:47am Sep 26, 2023 7:47am
E8Funding is not using FPTech like majority of other props, they using https://match-trade.com/products/proptrading/
  • #22,905
  • Sep 26, 2023 7:52am Sep 26, 2023 7:52am
Quoting Takisd
{quote} I have money in wise for their interest rate. Recently they asked for full re-do of KYC but it all passed so its fine. Since Deel though I think they have a close eye on trading revenues. Revolut feels expensive to me, although i have them and n26 as well.
Interest in my country for wise is not avaiable, anyways i have money in my IBKR earning interest
  • #22,906
  • Sep 26, 2023 7:52am Sep 26, 2023 7:52am
Quoting DeltaCapital
{quote} Wise will cancel prop firms like deel did for sure
Exactly. Do all of these props who are now switching to Wise believe Wise isn't going to notice this large influx of new accounts and large payouts.
This is playing out EXACTLY how the CFTC intended. It is straight out of their playbook.
1. Freeze (without hearing) largest company simply because, well, they are CFTC, so they can do whatever they wish.
2. Threaten all payment processors with "look what we just did" and you are involved. Do you want to fuck with the CFTC?
It's like gangster/mafia bullshit run by supposedly the "land of the free"
There will be no need to go after all of the firms separately. They will simply choke them out of existence. Sorry for the bad news. I live here, been through this a time or two with our bullshit government
  • #22,907
  • Sep 26, 2023 7:53am Sep 26, 2023 7:53am
Quoting Takisd
{quote} I have money in wise for their interest rate. Recently they asked for full re-do of KYC but it all passed so its fine. Since Deel though I think they have a close eye on trading revenues. Revolut feels expensive to me, although i have them and n26 as well.
eWallets have to be more scrunity about money laundering so they always checking your KYC ect, i remember some years ago i used paypal without kyc nowadays you have to do kyc for every ewallets even more than banks
  • #22,908
  • Sep 26, 2023 7:57am Sep 26, 2023 7:57am
Quoting pipmaster77
{quote} Exactly. Do all of these props who are now switching to Wise believe Wise isn't going to notice this large influx of new accounts and large payouts. This is playing out EXACTLY how the CFTC intended. It is straight out of their playbook. 1. Freeze (without hearing) largest company simply because, well, they are CFTC, so they can do whatever they wish. 2. Threaten all payment processors with "look what we just did" and you are involved. Do you want to fuck with the CFTC? It's like gangster/mafia bullshit run by supposedly the "land of the...
Yea for US props and US Citizens things will get difficult, but for the rest of the world forex is legal, regulation will come, US citizens will be banned sadly
  • #22,909
  • Sep 26, 2023 7:58am Sep 26, 2023 7:58am
For crypto traders look at this firm
https://cryptofundtrader.com/
they use same tech as e8funding
  • #22,910
  • Sep 26, 2023 8:04am Sep 26, 2023 8:04am
Quoting DeltaCapital
{quote} Interest in my country for wise is not avaiable, anyways i have money in my IBKR earning interest
Even for USD deposits? hmmm bless dual citizenship
  • #22,911
  • Sep 26, 2023 8:06am Sep 26, 2023 8:06am
Quoting Takisd
{quote} Even for USD deposits? hmmm bless dual citizenship
Yes, be very grateful for dual citizenship.
  • #22,912
  • Sep 26, 2023 8:06am Sep 26, 2023 8:06am
Quoting DeltaCapital
E8Funding is not using FPTech like majority of other props, they using https://match-trade.com/products/proptrading/
better call the CFTC, false - misleading statement here.

They also really care........
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  • #22,913
  • Sep 26, 2023 8:09am Sep 26, 2023 8:09am
Quoting Takisd
{quote} better call the CFTC, false - misleading statement here. {image}
They ment real props probably ahah
  • #22,914
  • Sep 26, 2023 8:09am Sep 26, 2023 8:09am
To get our minds off of the income the CFTC is so graciously protecting us from earning.....
Yesterday, DOW fell below but couldn't close below the 200. USD is dominant right now. How far does everyone believe DOW will correct to?
  • #22,915
  • Sep 26, 2023 8:11am Sep 26, 2023 8:11am
Quoting Takisd
{quote} better call the CFTC, false - misleading statement here. They also really care........{image} {image}
Dont blame the man that sold them the gun, blame who shot the gun.
  • #22,916
  • Sep 26, 2023 8:11am Sep 26, 2023 8:11am
Quoting pipmaster77
To get our minds off of the income the CFTC is so graciously taking away from us........ Yesterday, DOW fell below but couldn't close below the 200. USD is dominant right now. How far does everyone believe DOW will correct to?
It is seasonal effect right now. From 16th September to 9th of October there is very high chance that Dow goes further down. I would invest after first week in Oct..
  • #22,917
  • Sep 26, 2023 8:14am Sep 26, 2023 8:14am
Quoting DeltaCapital
{quote} Yea for US props and US Citizens things will get difficult, but for the rest of the world forex is legal, regulation will come, US citizens will be banned sadly
But can the props survive without USA. I believe it is probably 30% + of their customer base because PROPS WERE THE ESCAPE to trade like the rest of the free world.
Will payment processors not work with any firms or only US customers?
  • #22,918
  • Sep 26, 2023 8:19am Sep 26, 2023 8:19am
Quoting pipmaster77
To get our minds off of the income the CFTC is so graciously protecting us from earning..... Yesterday, DOW fell below but couldn't close below the 200. USD is dominant right now. How far does everyone believe DOW will correct to?
All three have pulled back from their recent high's. DOW by far has been the worst performer.

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Trade with confidence, trade without fear.
  • #22,919
  • Sep 26, 2023 8:20am Sep 26, 2023 8:20am
Quoting pipmaster77
{quote} But can the props survive without USA. I believe it is probably 30% + of their customer base because PROPS WERE THE ESCAPE to trade like the rest of the free world. Will payment processors not work with any firms or only US customers?
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 solution to US traders, like futures or forex that is not cfds like in forex.com and oanda but this you cant hedge trades ect, if reputable brokers like ic markets ect offered prop firm program i would not risk 1 euro of my own money tradinga accounts no more, i would only trade prop firm accounts, and this is a great model because instead of newbie traders risk a 2000 deposit they can risk 500 or less for a challenge and get the same emotion and more value, prop firms will get alot of demand, this business cant get extint its just heating up, but lets see how regulators around the globe will react, i mean UK is more strict like they dont allow copy trading ect, but cysec allow brokers to offer copy trading service, that is kinda similar to prop firm
  • #22,920
  • Sep 26, 2023 8:21am Sep 26, 2023 8:21am
Quoting pipmaster77
{quote} But can the props survive without USA. I believe it is probably 30% + of their customer base because PROPS WERE THE ESCAPE to trade like the rest of the free world. Will payment processors not work with any firms or only US customers?
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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