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I also hope that I can get my 10k payout from MFF and can continue to trade on my 600k funded accounts. I guess they will find a solution to continue very soon, really.

10k live spt = unsuccessful and failed
10k live tff = almost unsuccessful 100$ left only
250k phase1 e8 = almost unsuccessful 3,288$ left only

Why use wise after all and choose it to pay withdrawals for traders. I think it's just excuse, there is endless amount of electronic wallets, wise is good at the moment to keep on hold payouts as long as possible but it's just my point of view. Another thing I thought they deduct money from trading platform and i will wait as they said 3-5 business days. But no no no, you have to wait and no trading.

I would not use Wise at all. Even they provide higher interest rates, do not make any deposits, because they need to do so. They go bankrupt anytime and then nearly your whole money on Wise is lost. You have been warned here!

We all know, but Bespoke was caught giving discounts for Trust Pilot reviews. No surprise.
https://twitter.com/Trustpilot/statu...67906985156635

Same for TFT
https://twitter.com/Trustpilot/statu...19268397707530

Payment providers dont wanna take the risk of taking in those prop firms, safest way is crypto payouts but even the US based ones will be difficult to deal with crypto exchanges, some props are taking advantage of this wise issue to delay payouts too for sure

Nothing special. A lot of prop firms are doing this. The incentive is also small.

Binance can go bankrupt too. See this recent article.

‘Every battle is a do-or-die situation,’ Binance co-founder Yi He writes
https://images.wsj.net/im-856453/?width=1278&size=1
ILLUSTRATION BY ALEXANDRA CITRIN-SAFADI/WSJ

By

Patricia Kowsmann
,

Caitlin Ostroff
and

Angus Berwick
Sept. 26, 2023 8:00 am ET

123
After FTX crashed, the world of crypto seemed to belong to the largest exchange, Binance. Less than a year later, Binance is the one in distress.

Under threat of enforcement actions by U.S. agencies, Binance’s empire is quaking. Over the past three months, more than a dozen senior executives have left, and the exchange has laid off at least 1,500 employees this year to cut costs and prepare for a decline in business. And while Binance still looms large in crypto, its dominance is dwindling.

Binance now handles about half of all trades where cryptocurrencies are directly bought and sold, down from about 70% at the start of the year, according to data provider Kaiko.





The Securities and Exchange Commission is separately suing two major cryptocurrency platforms, Binance and Coinbase. WSJ’s Caitlin Ostroff breaks down the lawsuits and their potential impact on the crypto industry. Photo illustration: Adam Adada/Xingpei Shen
What happens to Binance will have immense implications for the crypto industry because the exchange is so big. Industry players and watchers say other exchanges would fill the void if Binance were to collapse. But in the short term, liquidity in the market could evaporate, driving the price of tokens sharply down.

One institutional trader told The Wall Street Journal that his company has conducted fire drills to withdraw its assets from Binance quickly in the event of a meltdown.

Yi He, Binance’s co-founder and chief marketing officer, vowed to overcome the troubles in a message to Binance staff last month.


“Every battle is a do-or-die situation, and the only thing that can defeat us is ourselves,” she wrote in the message viewed by the Journal. “We have won countless times, and we need to win this time as well.”

https://images.wsj.net/im-856461?width=700&height=466
The U.S. Justice Department has undergone a yearslong investigation that could result in criminal charges for Binance and its co-founder Changpeng Zhao. PHOTO: JOSEPH NAIR/BLOOMBERG NEWS
Binance is a frequent investor in third-party crypto projects and beyond. Binance has invested in X, formerly known as Twitter. Binance co-founder Changpeng Zhao—or CZ as his 8.6 million X followers know him—is the biggest face of crypto.

“You just can’t quantify what would happen to the industry if Binance disappeared, given it has been responsible for fostering a huge amount of innovation and growth,” said Anthony Georgiades, a general partner at Innovating Capital, a fund that invests in early-growth companies.

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The U.S. Justice Department has undergone a yearslong investigation that could result in criminal charges for Binance and Zhao as well as billions of dollars of fines, according to people familiar with the probe.

Binance also faces a Securities and Exchange Commission lawsuit that alleges it and Zhao operated illegally in the U.S. and misused customers’ funds. The firm has acknowledged past mistakes but says customer money is safe and it is committed to compliance.

“We have worked tirelessly not just to learn the lessons of the past, but also to continue to invest in the teams and systems that ensure user protection,” a spokesman said.


Binance launched in China in 2017, though it claims to be based nowhere, with staff scattered around the world. Its global website is accessible by traders almost everywhere, but that number is falling as its presence has been forbidden in many countries. In Europe, more countries are shutting their doors to the exchange.

Change in share of global dollar-denominated spot crypto trading, year-to-dateSource: KaikoNote: Data are through Sept. 4.
BinanceOKXHuobiBybit-12 pct. pts-10-8-6-4-202468
Share of dollar-denominated crypto trading in the U.S.Source: KaikoNote: Data are weekly
Feb. 2023Sept.01020304050607080%CoinbaseBinance.US
In the U.S., activity at its local exchange, Binance.US, has basically dissipated. Its chief executive officer, legal chief and risk head all left recently.

In a virtual Binance.US meeting days before his departure earlier this month, Binance.US CEO Brian Shroder said revenue at the exchange had fallen 70% year to date, according to a presentation viewed by the Journal. Executives looked on with dismay.

Shroder told employees Zhao would need to resolve “his regulatory matters, put his .US holdings in a blind trust, or sell his shares” in order for the U.S. platform to maintain its growth initiative. Those steps would allow the company to unblock banking relationships and get licenses, he said. Zhao is the majority owner of Binance.US and the global exchange.

A spokeswoman for Binance.US declined to comment.

Binance and the DOJ have been talking for months, according to people familiar with the discussions, and inside Binance, there have been discussions on whether Zhao should step down.

https://images.wsj.net/im-757717?width=639&height=959
Binance’s chief compliance officer, Noah Perlman, met with DOJ officials to discuss their concerns. PHOTO: NOAH PERLMAN
Zhao’s insistence in remaining at the helm of the company has frustrated some executives who believed him leaving would improve the chances of the company surviving, the Journal previously reported.

The company upheaval has also hurt employee morale.

Employees confronted Zhao in a summer meeting following layoffs, according to messages viewed by the Journal, in a rare showing of criticism.

“Some ppl laid off were given 0 days notice and/or found out they got laid off because they couldn’t login to the system anymore. How is that treating them respectfully? Is 2 weeks severance respectful?” one anonymous employee asked Zhao in the all-hands meeting chat. Nine others upvoted that. The question went unanswered.

A further stumbling block for Binance came in late August, when the Journal published an article on Binance customers’ use of sanctioned Russian banks. The DOJ has also been investigating Binance in connection with possible violations of U.S. sanctions on Russia, the Journal has reported.

Following the Journal story, the Justice Department questioned Binance about the banks’ usage, and Binance’s chief compliance officer, Noah Perlman, met with department officials to discuss their concerns, a person with direct knowledge of the matter said.

SHARE YOUR THOUGHTS
What does Binance’s meltdown mean for the rest of the crypto industry? Join the conversation below.

Pressure from the DOJ was partly responsible for Zhao’s decision to begin winding down Binance’s business in Russia, once one of its most important markets, the person said. Over the following two weeks, Binance barred customers from using the sanctioned banks and forced out the executives managing its Russia business. It said it was considering a full withdrawal from Russia.

Zhao publicly remained defiant. “We are one community,” he wrote on X on the day the Russia executives left. “Keep building!”

But behind closed doors, Zhao has been bringing new lawyers to handle the DOJ case, according to people familiar with the move. And Zhao has been staying put in his home in the United Arab Emirates, which doesn’t have a mutual extradition treaty with the U.S.

Yep, US Gov and blackrock wanna take their business, its pretty interesting that they chased binance when blackrock proposed a BTC ETF

1. You are scalping with a strategy where you are rr is like 0.3:1 if I remember correctly from earlier posts, so not only scalping in itself is really stressful you also get emotionally brutalised because the losses wipe out so many wins. You should go back to the drawing board and find a higher timeframe more mechanical strategy to not be so prone to all the negative emotions, rn there is really a lot of free strategies online and many of them actually work if you don't listen to all the bullshitters that talk about 1:10rr or 100% win rate.
2. You said you lost a huge amount of money trading and to be frank if you don't forget about all that then every trade you place you will have in the back of your mind the loss, so you will be again more fearful to lose the profit and in denial when the trade goes under your sl.
3. You said that you left your job to pursue your trading, that would be ONLY sensible if you had like a year of consistently performing with your strategy and a good buffer of funds in your wallet that would last you for 6-12months of semi comfortable life. I'm assuming you have neither so AGAIN you will be more stressed and performing worse because you will be trading like your life depends from it(which rn it kinda does).
My opinion: you need a reset, when I lost 8k when I started trading and had 0 clue what I was doing I took 6months off. Didn't look once at the charts in that time, that really helped. 2 you defenitely need a job because the chances of you longer time succeeding rn is 0, you need some cashflow in your life. 3. You may need to actually see a therapist after such a huge loss.
4. After the break look for a strategy on higher tf which would be suited for your lifestyle.
5. This might sound dumb but regular exercising and diet will help you in getting rid of the negative thoughts.
Wish you look, I know that there have to be losers and winners in this game but it is really sad when one ruins his life because of this. But it is not the end, you can still get out of this. Take care.

is this scam or unbelievebel, there are many more picture like this on the Website.
A canadien trader und got 99.000,00 or so payback

I gave up the free 14 day test with FMTO.
its very hard for me as scalper to make constant 10% in just 10 workdays
also I do not trust FMTO after all this reading here in the forum
need more time to think it over

You should appreciate that they stood up and are fighting !

If you have access to PACER or other public record document sites, there is a document that MFF submitted against the rebuttal of the CFTC for amendment of the freeze which is pretty damning against the CFTC. The jist of it is that the receiver has essentially been trying to line his own pockets during this process and demanding people give him money and the CFTC's financial evidence, in particular one set of transactions of 31million or so which were labelled as "un verified Kazmi accounts" or something along those lines, is complete bullshit and it was actually MFF paying taxes. They attached proof as well....

Its a massive pdf, so I cant share here but if you can get access to those files its a very interesting read.

Super interesting if you are interested in how law and due process works but also damn scary to think of the powers that the regulator have. I will reserve judgement on my thoughts of the argument itself.

Trading pit rephrasing things. Traders become Signals providers, which seems correct.

..

Wow thank god i feel so much confident and safe since this statement, now i can sleep well at night

-For those that pay attention and start connecting the dots etc., it becomes very easy to maintain a very cynical outlook... to say the least.

Yup and probably in some years crypto will only be avaiable in US as ETFs or futures so that the US can control it and make money of it as forex futures market is right now in the US

Generally speaking, I believe that most people have no real idea about what is going on, and would be utterly shocked if they did. It is absolutely crazy.