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  • #24,941
  • Oct 29, 2023 3:58pm Oct 29, 2023 3:58pm
Quoting TrAndy1
{quote} Where do you know this ?
That's something that existed in large scale in Vietnam (first country to be banned because of that) and also Pakistan, admitted by some prop CEOs in prop telegram groups.
And I'm pretty sure still exist because it's easy money. Even family.
Can you imagine ? Someone in a poor country just finds a way to enroll themselves, their brothers, sisters, mother, father, uncle, aunts, grande father, etc. Doing reverse trading and so on. It's worth the risk.
Then, of course, the cousin is called by a prop and asked about MT5 and they have no clue of what it is.

I don't know if that's real but I wouldn't be surprised at all.
  • #24,942
  • Oct 29, 2023 4:20pm Oct 29, 2023 4:20pm
Quoting Capablanca
{quote} That's something that existed in large scale in Vietnam (first country to be banned because of that) and also Pakistan, admitted by some prop CEOs in prop telegram groups. And I'm pretty sure still exist because it's easy money. Even family. Can you imagine ? Someone in a poor country just finds a way to enroll themselves, their brothers, sisters, mother, father, uncle, aunts, grande father, etc. Doing reverse trading and so on. It's worth the risk. Then, of course, the cousin is called by a prop and asked about MT5 and they have no clue...
Have you ever tried to reverse trade two accounts in order so see how easy money that would be?
  • #24,943
  • Oct 29, 2023 4:28pm Oct 29, 2023 4:28pm
Quoting Capablanca
And for CTI there is a way of screwing them with the video thing but I won't go in details about that. People should just use their imagination.
-Yes, of course. But my perspective is that it is not worth having to jump through hoops like a clown, as if their offering is so amazing and something that I cannot live without. I also think that anyone that uses such cleverly-evasive tactics to get around showing their actual face on camera etc. will likely not be viewed in a positive light, thereby risking losing their account(s) anyway.

The more that traders lower themselves by complying with such nonsense, the more that these garbage firms can get away with such practices. If traders collectively put their foot down, then these firms will be forced to evolve, else cease to exist. It really is that simple. But people should be voicing their objections en masse in lieu of staying silent.
  • #24,944
  • Oct 29, 2023 4:35pm Oct 29, 2023 4:35pm
Quoting Capablanca
{quote} I'm funded with CTI (no payout received yet) but something I didn't like is that on KYC we need to fill in a form saying what our strategy and risk is, what was more difficult, etc. That's fine for me. But we also have to send a short video talking about the experience with CTI. I could not find anywhere in conditions that we would be obliged to do that to get the funded account (and there is no way to send the form without the video). Even worse, we need to tick the authorization box A and/or B to either authorize that video to be used...
Great post Capa, thank you for sharing this !
  • #24,945
  • Oct 29, 2023 4:51pm Oct 29, 2023 4:51pm
Quoting TraderTero
{quote} Have you ever tried to reverse trade two accounts in order so see how easy money that would be?
I don't think it's easy (and you run the risk of being blacklisted in multiple firms because tech provider are the ones working behind courtins on this).

But I understand this may be one of the reason why props do these checks. That's why people get caught with IPs reversing or, worse, may be asking what MT5 is in an interview.
  • #24,946
  • Oct 29, 2023 4:54pm Oct 29, 2023 4:54pm
Quoting Nsak3y
{quote}-Yes, of course. But my perspective is that it is not worth having to jump through hoops like a clown, as if their offering is so amazing and something that I cannot live without. I also think that anyone that uses such cleverly-evasive tactics to get around showing their actual face on camera etc. will likely not be viewed in a positive light, thereby risking losing their account(s) anyway. The more that traders lower themselves by complying with such nonsense, the more that these garbage firms can get away with such practices. If traders...
Let's see. I'll give my feed back if I ever get to a payout.
  • #24,947
  • Oct 29, 2023 5:45pm Oct 29, 2023 5:45pm
Quoting Capablanca
Let's see. I'll give my feed back if I ever get to a payout.
-Wishing you the best buddy. I hope that you know that my comments were not directed at you and that I was speaking in general terms. I think that your dairy farmer approach is good, especially if you are capable-anca and it's working for you. My hope is that more traders will object to some of the nonsense that we are seeing, because it's getting pretty ridiculous at this point.

Also, I always appreciate you sharing information about these firms and bringing awareness to these issues. You are a true asset to this community.
  • #24,948
  • Oct 29, 2023 7:19pm Oct 29, 2023 7:19pm
Exploitation, slavery?

'There are hundreds of definitions of modern slavery. All of these include aspects of control, involuntary actions and exploitation.'

antislavery.org
  • #24,949
  • Oct 29, 2023 7:22pm Oct 29, 2023 7:22pm
Quoting Nsak3y
{quote}-Yes, of course. But my perspective is that it is not worth having to jump through hoops like a clown, as if their offering is so amazing and something that I cannot live without. I also think that anyone that uses such cleverly-evasive tactics to get around showing their actual face on camera etc. will likely not be viewed in a positive light, thereby risking losing their account(s) anyway. The more that traders lower themselves by complying with such nonsense, the more that these garbage firms can get away with such practices. If traders...
I wonder if anyone knows anything about fair trading laws and how they can bite very hard?
  • #24,950
  • Oct 29, 2023 7:45pm Oct 29, 2023 7:45pm
is there a prop firm that offers trading on the VIX?
  • #24,951
  • Oct 29, 2023 7:53pm Oct 29, 2023 7:53pm
Quoting TrAndy1
These firms who had initial very bad offers with score below 1, I would treat them cautiously. Because they made the experience they cannot grow even they are older than other prop firms. So they are forced to make better or comparable offers, like CTI and 5ers recently made it true. I have some doubts about the credibility of such firms. Treating traders with offers which were not fair at all or simple with fraudulent offers. I inserted the old initial list on ranked prop firms based on the score or value for your fee. Once being classified as...

A leopard doesn't change its' spots...
  • #24,952
  • Oct 30, 2023 1:36am Oct 30, 2023 1:36am
[quote=TrAndy1;14634777]I am not sure if you trade only from one computer at home with no VPN but no fixed IP, if you can still violate the IP address rule from MFFX , FE, BG, FN, E8 props ??

What if you used Team Viewer...it might work. Only a suggestion I don't really know..
  • #24,953
  • Oct 30, 2023 2:24am Oct 30, 2023 2:24am
Conclusion after latest month: FTMO all right. Rest bad when it comes to forex prop firms. Futures prop firms still payout.
  • #24,954
  • Oct 30, 2023 2:51am Oct 30, 2023 2:51am
Quoting labu
Conclusion after latest month: FTMO all right. Rest bad when it comes to forex prop firms. Futures prop firms still payout.
Is there a bare-bones item list of what I should teach myself in learning to trade futures?

I have a forex and indices background only…
A snails pace wins the race :-)
  • #24,955
  • Edited 3:24am Oct 30, 2023 2:59am | Edited 3:24am
Welp... CTI added to the avoid list...

CTI, Bespoke, Finoative, Funded Next, Funded trading +, Youtube Influencer/Angelo/Eastern Tech Props
  • #24,956
  • Edited 5:50pm Oct 30, 2023 3:03am | Edited 5:50pm
Quoting labu
Conclusion after latest month: FTMO all right. Rest bad when it comes to forex prop firms. Futures prop firms still payout.
It's quite interesting... since MFF's shutdown, I have not seen any denied payment issues on the retail futures prop side (Apex, Tradeday, Topstep, Tick tick, Uprofit, Earn2trade, Bulenox ect.)

I'm actually live @ Apex with 4 50Ks... I yoloed all 4 evals during their last 90% off sale @ $18 each. I'm currently 2% away from their payout threshold so I will see how the payout process works out.
  • #24,957
  • Oct 30, 2023 3:33am Oct 30, 2023 3:33am
Quoting CableJ
{quote} It's quite interesting... since MFF's shutdown, I have not seen any denied payment issues on the retail futures prop side (Apex, Tradeday, Topstep, Tick tick, Uprofit, Earn2trade, Bulenox ect.) I'm actually live @ Apex with 4 50Ks... I yoloed all 4 evals during their last 90% off sale @ $16 each. I'm currently 2% away from their payout threshold so I will see how the payout process works out.
yea we'll all be trading futures with small account size and be happy; forget about making millions with fx
Inserted Video
  • #24,958
  • Oct 30, 2023 4:40am Oct 30, 2023 4:40am
Checking the spreads around for Sp500-SPX500-US500

i was checking the spread in the FXIFY contest of November, but SP500 is at 106 spread.

so the contest is a standard spread and not raw? very bad, how to trade a contest with these spreads... insane.

Anyone can tell me which contest are available for November with the best spreads on SP500?

I see 40 as spread in MFFX contest, anything lower than that?
in holiday till end of November
  • #24,959
  • Oct 30, 2023 5:06am Oct 30, 2023 5:06am
Quoting doyathink
is there a prop firm that offers trading on the VIX?
FXIFY
FTMO used to offer it as well but it's not on their website ticker so I'm not sure if they still have it
Money is made by sitting, not trading
  • #24,960
  • Oct 30, 2023 5:14am Oct 30, 2023 5:14am
Quoting CableJ
{quote} It's quite interesting... since MFF's shutdown, I have not seen any denied payment issues on the retail futures prop side (Apex, Tradeday, Topstep, Tick tick, Uprofit, Earn2trade, Bulenox ect.) I'm actually live @ Apex with 4 50Ks... I yoloed all 4 evals during their last 90% off sale @ $16 each. I'm currently 2% away from their payout threshold so I will see how the payout process works out.
Once you pass the evaluation with Apex , you have to pay a monthly fee or a 1 time fee,which 1 you chose ?
Are you living in the USA , if not ,I think you need to have a WISE account to receive payouts
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