Prop Firm Hub | Page 1205 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #24,081
  • Oct 12, 2023 9:03am Oct 12, 2023 9:03am
Quoting rizla101
{quote} Ffs its one thing after another. What would that leave us with couple of firms with Ctrader.
Ctrader doesnt allow for US residents to be onboarded. They give strict rules to props not to accept US residents on c trader platform.
  • #24,082
  • Oct 12, 2023 9:05am Oct 12, 2023 9:05am
Quoting Takisd
{quote} Ctrader doesnt allow for US residents to be onboarded. They give strict rules to props not to accept US residents on c trader platform.
what is the fooking reason for this ?
  • #24,083
  • Oct 12, 2023 9:08am Oct 12, 2023 9:08am
Quoting Stoneyrocks
{quote} what is the fooking reason for this ?
The bullshit US regulators. They simply do not want forex to exist in the US. They do everything in their power to accomplish this. The big money is in the futures markets and spot forex takes away from that. It is as simple as that.
  • #24,084
  • Oct 12, 2023 9:13am Oct 12, 2023 9:13am
Quoting Takisd
Hearing murmurs that metaquotes are about to take action against unregulated prop firms using their platforms.
do you know of any regulated prop firms ?
  • #24,085
  • Oct 12, 2023 9:14am Oct 12, 2023 9:14am
Quoting pipmaster77
{quote} The bullshit US regulators. They simply do not want forex to exist in the US. They do everything in their power to accomplish this. The big money is in the futures markets and spot forex takes away from that. It is as simple as that.
then why they dont do the same for metatrader ?
  • #24,086
  • Oct 12, 2023 9:17am Oct 12, 2023 9:17am
I do not think an own FX platform can be built easily, not something you can do with 10k and 1 month programming work. Probably something around 6 months work at least with 100k cost for this, minimum I would say. Of course it depends...but not for cheap for sure, or it might be so buggy that you do not wish to trade on this.
Probably for most props then it would be easier to integrate cTrader for all non-US customers. I think 250k is realistic and 6 months work for an own platform, but hey...
  • #24,087
  • Oct 12, 2023 9:28am Oct 12, 2023 9:28am
Quoting Stoneyrocks
{quote} then why they dont do the same for metatrader ?
that's what Taki is stating....rumor is they are about to.
  • #24,088
  • Oct 12, 2023 9:29am Oct 12, 2023 9:29am
If metatrader situation is true then i guess props are over for US traders and you will only be left with unregulated prop firms that use tradelocker that is owned by cuebanks xD or go with futures firms, i dont see any prop firm registering in US to accept US clients
  • #24,089
  • Oct 12, 2023 9:34am Oct 12, 2023 9:34am
Cuebanks gonna make some money if he sells his platforms for prop firms
https://tradelocker.com/open-a-prop-firm/
  • #24,090
  • Oct 12, 2023 9:34am Oct 12, 2023 9:34am
Quoting DeltaCapital
If metatrader situation is true then i guess props are over for US traders and you will only be left with unregulated prop firms that use tradelocker that is owned by cuebanks xD or go with futures firms, i dont see any prop firm registering in US to accept US clients
FTMO still could do...but then this could be the end of choice. If MFF can do operate again they probably would be another option to FTMO. MFF also has the money...
  • #24,091
  • Oct 12, 2023 9:35am Oct 12, 2023 9:35am
Quoting DeltaCapital
If metatrader situation is true then i guess props are over for US traders and you will only be left with unregulated prop firms that use tradelocker that is owned by cuebanks xD or go with futures firms, i dont see any prop firm registering in US to accept US clients
No....wouldn't be worth the cost or headache to deal with the mafia that is the CFTC.
  • #24,092
  • Oct 12, 2023 9:37am Oct 12, 2023 9:37am
Quoting TrAndy1
{quote} FTMO still could do...but then this could be the end of choice. If MFF can do operate again they probably would be another option to FTMO. MFF also has the money...
But even if they have the money, the cost of challenges running business compliance is not worth for them to take in US clients, look at ic markets or exness they dont bother to buy NFA license they have the money but is not worth it, other things will come up, maybe futures prop firms will be more competitive i dont know lets see in the next months maybe this industry is dead by then or even brokers may join
  • #24,093
  • Oct 12, 2023 9:38am Oct 12, 2023 9:38am
Quoting DeltaCapital
{quote} But even if they have the money, the cost of challenges running business compliance is not worth for them to take in US clients, look at ic markets or exness they dont bother to buy NFA license they have the money but is not worth it, other things will come up, maybe futures prop firms will be more competitive i dont know lets see in the next months maybe this industry is dead by then or even brokers may join
Yes.... a funded account with Oanda....that'll be great!!!!
  • #24,094
  • Oct 12, 2023 9:38am Oct 12, 2023 9:38am
Quoting pipmaster77
{quote} No....wouldn't be worth the cost or headache to deal with the mafia that is the CFTC.
Yeah maybe not, the only option was forex.com or oanda do open a prop firm has they already have the license who knows
  • #24,095
  • Oct 12, 2023 9:38am Oct 12, 2023 9:38am
Quoting pipmaster77
{quote} Yes.... a funded account with Oanda....that'll be great!!!!
Is Oanda that bad xD? never tried them
It would be nice to milk them
  • #24,096
  • Oct 12, 2023 9:44am Oct 12, 2023 9:44am
Quoting DeltaCapital
{quote}Is Oanda that bad xD? never tried them It would be nice to milk them
Well, see, that's the hypocrisy, the "regulated" brokers which the CFTC requires us to use to "protect" us from ourselves, are the biggest lying, cheating, thieving bastards of them all.
  • #24,097
  • Oct 12, 2023 9:48am Oct 12, 2023 9:48am
Quoting montygoldy
Final update on my challenges took 5 100k. Lost 4 all based on my super agressive trading style. Cleared bespoke( after trandy incident made me feel different about them) 2nd phase … TAKEAWAYS - props are totally different game so dont trade with the mindset of like your own account. Next steps first i planned to buy ftmo 2x 200k accounts but i am dropping it now coz with same amount i can purchase 600k worth of challenges. Better to take more challenges to get comfortable. so this week plan - buying 200k blue guardian, 200k...
If you have money to burn then have at it. You admitted that you failed 4 out of 5 challenges. That should be a warning to you.

Instead you intend to dig yourself a deeper hole by going balls deep and buy accounts with every sketchy prop firm around. If you been paying attention to this thread, several are blatantly denying payouts and/or on the brink of insolvency.

The only ones that seem to still be on firm ground are FTMO and the5ers. And yet you disregarded FTMO because you could buy more from some other sketchy firm. Quantity does mean quality.
Trade with confidence, trade without fear.
  • #24,098
  • Oct 12, 2023 9:56am Oct 12, 2023 9:56am
Quoting DeltaCapital
Cuebanks gonna make some money if he sells his platforms for prop firms https://tradelocker.com/open-a-prop-firm/
No EAs and No copy trading anymore then I would say or...? That would be for many traders a significant drawback too.
  • #24,099
  • Oct 12, 2023 10:03am Oct 12, 2023 10:03am
Quoting TrAndy1
{quote} No EAs and No copy trading anymore then I would say or...? That would be for many traders a significant drawback too.
Yeah that would suck
  • #24,100
  • Oct 12, 2023 10:18am Oct 12, 2023 10:18am
Quoting DeltaCapital
Cuebanks gonna make some money if he sells his platforms for prop firms https://tradelocker.com/open-a-prop-firm/
I'd rather work at mcdonalds than use that shit platform.
113 traders viewing now