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  • #26,241
  • Nov 15, 2023 6:45am Nov 15, 2023 6:45am
Quoting Nsak3y
{quote}-Maybe Kazmi can relocate offshore and rebrand with MFF-FTCTFC.
Love the name.
  • #26,242
  • Nov 15, 2023 6:55am Nov 15, 2023 6:55am
Quoting lddd
Any brokers offering no expiration MT4 demo accounts with exact/almost same data feed as FTMO?
Why not just use FTMO’s trial account? It’s unlimited access. You can cancel and create new one on demand.
Trade with confidence, trade without fear.
  • #26,243
  • Nov 15, 2023 7:07am Nov 15, 2023 7:07am
A long battle.... what I can say of topstep

1. I like the daily stop limit, it give you another chance to don't blow your account in the same day and take a pause
2. the 11$ offer acccounts are a bit small, I'm trading only e-mini because the micro commissions will eat profit if you trade like 1 pt stop loss 2 pt profit

let's see how it goes, you have to be very patient. These are the profits I did pre-market.

I try to trade today max 33% of the accounts per time, less of the 50% of the group.
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in holiday till end of November
  • #26,244
  • Nov 15, 2023 7:20am Nov 15, 2023 7:20am
Quoting Capablanca
{quote} It's funny to remember that Matt and Angelo said they are 100% compliance with US regulators
Best one was the maven guy making the least convincing little video ever, that maven had everything in order and everything was going to be just fine

Keen to see if any CEOs mention the latest developments. Probably just act like its not happening.
  • #26,245
  • Nov 15, 2023 7:37am Nov 15, 2023 7:37am
I had 3 groups

before economic news I deleted ALL THE ORDERS

at exit of the news, topstep filled me 2 accounts, with NO ORDERS and I was not able to close fast it to save them

I will open a ticket imediatelly.
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in holiday till end of November
  • #26,246
  • Nov 15, 2023 7:43am Nov 15, 2023 7:43am
Quoting CableJ
{quote} If given a choice do you think FTMO would.... 1. Ban US citizens (1/3 of market) 2. Register with CFTC (millions in capital requirements + ongoing reporting) 3. Give the CFTC the middle finger like offshore brokers (risks pissing off CFTC & EU regulators, CFTC will then put the squeeze on their vendors & payment processors)
Wouldn’t surprise me if most take the simple route and default to option 1. Not worth the headache.
Trade with confidence, trade without fear.
  • #26,247
  • Nov 15, 2023 8:06am Nov 15, 2023 8:06am
trading today so good so far

I'm with support of topstep! I deleted before market news ALL MY ORDERS

as arrived the news, topstep or tradovate filled me 2 orders, that I don't know even if buy or sell because was not made by me at all!!!!

I checked before data that all the orders was cancelled and this is the proof.

What a shame! I hope they delete this trades or I finished with them.
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in holiday till end of November
  • #26,248
  • Nov 15, 2023 8:06am Nov 15, 2023 8:06am
Quoting CableJ
{quote} If given a choice do you think FTMO would.... 1. Ban US citizens (1/3 of market) 2. Register with CFTC (millions in capital requirements + ongoing reporting) 3. Give the CFTC the middle finger like offshore brokers (risks pissing off CFTC & EU regulators, CFTC will then put the squeeze on their vendors & payment processors)
I'm rooting for option 3. However, I believe the smaller firms are more likely to go option 3. FTMO has too much to lose to not go option 1 or 2. Just like the brokers, the larger ones caved and just quit the fight and what we had left were a few small brokers on tiny islands....ya know, because as the biggest, baddest country in the world.......where else would you expect your traders to traade?
Perhaps they create a second entity as some brokers have done and operate elsewhere and that one onboards the US?
I believe some of the moves FTMO has recently made, including aquiring a traditional prop, were to set themselves up to be able to continue in the US......but what the hell do I know?
  • #26,249
  • Nov 15, 2023 8:10am Nov 15, 2023 8:10am
Quoting pipmaster77
{quote} I'm thinking it will be more like the offshore broker situation. Firms operating OUT OF THE US will require registration, but firms like FTMO, the 5%ers, TFF should be OK. Perhaps they will join TFF on the dreaded 'red" list, which ALL of my offshore brokers have been on for years. Will have to see if they have any balls to stand up to the CFTC, atleast until CFTC commands the EU regulators to enforce the no US customers. One thing is for certain, I will be glad to see Angelo, Blake and all of the other scam firms go. This may be a blessing...
because they are only a trading game and faked give order sometimes to real market but never ever did in real ,they dont have any problems with regulations.
they did fake marketing for that they give orders to real market, because they did not like to look like trading games earning never from trades of clients and only from the fees. because with this style they show no good traders exist in this company and this company believe never such trader will exist in this company because they never existed in any trading game company, but with this commercial you dont get the crazy traders who think they are good and want call themself fund managers.

So the marketing trick was to let traders believe they are managing funds (and they call themself fund manager - how often i read this fun in forums and Instagram stories and had to laugh) and get paid by this , but in real they was only doing a little trading game and their trades are unimportant to the market. all trading game prop do like this!
  • #26,250
  • Nov 15, 2023 8:19am Nov 15, 2023 8:19am
Quoting pipmaster77
{quote} I'm rooting for option 3. However, I believe the smaller firms are more likely to go option 3. FTMO has too much to lose to not go option 1 or 2. Just like the brokers, the larger ones caved and just quit the fight and what we had left were a few small brokers on tiny islands....ya know, because as the biggest, baddest country in the world.......where else would you expect your traders to traade? Perhaps they create a second entity as some brokers have done and operate elsewhere and that one onboards the US? I believe some of the moves FTMO...
I’m inclined to think that for any Prop Firm that bends the knee to CFTC will have to water down their offerings akin to Oanda and FXCM. Spot FX only, low leverage, dogshit conditions, FIFO, etc
Trade with confidence, trade without fear.
  • #26,251
  • Nov 15, 2023 8:23am Nov 15, 2023 8:23am
Quoting Trader191
{quote} because they are only a trading game and faked give order sometimes to real market but never ever did in real ,they dont have any problems with regulations. they did fake marketing for that they give orders to real market, because they did not like to look like trading games earning never from trades of clients and only from the fees. because with this style they show no good traders exist in this company and this company believe never such trader will exist in this company because they never existed in any trading game company, but with...
Yes, but the money they pay me for my "fake" profits goes into my real account, which then generates "real" profits at a much quicker rate. My mortgage company has yet to return a payment claiming....."Hey, you paid us with simulated profits"
There are several companies, MFF and FTMO included, who have figured out how to make the model work and be beneficial for all. 99% of the rest of the companies are run by shady 20 year old "CEOs" just looking for ways to deny payouts.
I know you are not a fan, but I believe there is a market for this space when DONE THE RIGHT WAY.
  • #26,252
  • Nov 15, 2023 8:32am Nov 15, 2023 8:32am
Quoting pipmaster77
{quote} Yes, but the money they pay me for my "fake" profits goes into my real account, which then generates "real" profits at a much quicker rate. My mortgage company has yet to return a payment claiming....."Hey, you paid us with simulated profits" There are several companies, MFF and FTMO included, who have figured out how to make the model work and be beneficial for all. 99% of the rest of the companies are run by shady 20 year old "CEOs" just looking for ways to deny payouts. I know you are not a fan, but I believe there is a market for this...
but this was not the topic. the topic was they did wrong marketing with fake words. they dont give trades to real market so dont need very special regulation or certifications because they are super simple trading games.

you yourself dont call as fake fund manager, you just try to earn by their marketing promises and try to make a win from this. so you did not open the account for the fake name "fund manager" and you did not fall for their wrong marketing promises. so when you know what they do and you do it then all is fine, because you are prepared. so you do all right.

ftmo and MFF do exactly same like others: problem here is critical mass, you have to come to a critical mass of clients and need to attract as many idiots as possible to get the fees (thats why this fake marketing is used). then its a selfrunning process, because its gambling addiction that helps them to get clients again and again when they see other get paid and big maketing promises and names like fund manager ...... to many young people exist who are easy to impress with this worthless words.
  • #26,253
  • Nov 15, 2023 8:40am Nov 15, 2023 8:40am
Quoting Cryptosurf
{quote} I’m inclined to think that for any Prop Firm that bends the knee to CFTC will have to water down their offerings akin to Oanda and FXCM. Spot FX only, low leverage, dogshit conditions, FIFO, etc
Agree.....there is absolutely no way the brokers will have to adhere to no indices,no hedging, FIFO, but the prop firms are immune. That would defeat the entire purpose of the brokers paying off (I mean lobbying) the CFTC to go after MFF.
  • #26,254
  • Nov 15, 2023 8:55am Nov 15, 2023 8:55am
Quoting Trader191
{quote} but this was not the topic. the topic was they did wrong marketing with fake words. they dont give trades to real market so dont need very special regulation or certifications because they are super simple trading games. you yourself dont call as fake fund manager, you just try to earn by their marketing promises and try to make a win from this. so you did not open the account for the fake name "fund manager" and you did not fall for their wrong marketing promises. so when you know what they do and you do it then all is fine, because you...
I agree. I actually posted, probably about a year ago...they should advertise exactly as is, your account equity is actually max loss, therefore you need to flip the account in phase 1 and another 50% in phase 2. If you pass you will be refunded your fee and provided equity equal to max loss.
It's still a great R;R for $500 investment. I'd still join and most in this thread would as well......Like you siad, we know what it is and what we are getting into......of course, this wouldn't work, they wouldn't attract enough customers, as you stated, they need the idiots who actually think they are being funded 100K.
  • #26,255
  • Edited 9:19am Nov 15, 2023 9:02am | Edited 9:19am
Quoting pipmaster77
{quote} Yes, but the money they pay me for my "fake" profits goes into my real account, which then generates "real" profits at a much quicker rate. My mortgage company has yet to return a payment claiming....."Hey, you paid us with simulated profits" There are several companies, MFF and FTMO included, who have figured out how to make the model work and be beneficial for all. 99% of the rest of the companies are run by shady 20 year old "CEOs" just looking for ways to deny payouts. I know you are not a fan, but I believe there is a market for this...
MFF and FTMO use same cheats to get the money, only had bigger clients base that helps earn more. same bad reviews all over.

fun fact: i know a lot of people who tried take out some "good traders "from ftmo and MFF and make fund with them (they was to young and uneducated, they did not know that a lot of time this was done already to bring out people from trading games in fund and all the time did not work, so they needed to learn hard way) or watched their private account, all failed big with busting account after account or bigger losses over time.

this companies just live this trading game dream to best, to get as many of uneducated unprepared idiots in this as possible. you sound educated and prepared what can happen and what this companies are, so you are not at risk to get addicted or overpay more fees then what you get out on the end, but most of people are not like you and never see what is reality with this companies.

the other fun fact: because of any trader who makes money with this gaming props, the props need to cheat more and more. so this positive traders are what produce this cheating behavior because of structure of the trading game prop it cant give out to many wins and need to earn more money then pay out or is bankrupt. (thats the disadvantage of trading games, they earn not like brokers and so not broker and big sum of clients can win same time).
  • #26,256
  • Edited 9:28am Nov 15, 2023 9:13am | Edited 9:28am
Quoting lddd
{quote} Have you tried using it for a more reliable prop firm like FTMO? Edit: Regarding crypto payments, I can help with that.
I am trading FTMO too, I figurred out how to do crypto payment. Thanks
Regarding to those HFT firms, I don't mind as long as they pay me. It is pretty easy for me and it usually takes me a few hours to pass those HFT challenges .
Once i get live accounts, I manual traded them , since hft only allowed for challenge stage not for live. all I need is to follow the rules in live accounts and not greedy for payout, ( 6% and under) , I have gotten paid by them. eg Nova funding, I passed their challenges within 3 hours, and got live accounts within a day, then traded 5 days min and get paid in 21 days. Whoever passing those HFT challenges need make sure to follow the rules to get paid..
  • #26,257
  • Nov 15, 2023 9:18am Nov 15, 2023 9:18am
Quoting Trader191
{quote} MFF and FTMO use same cheats to get the money, only had bigger clients base that helps earn more. same bad reviews all over. fun fact: i know a lot of people who tried take out some "good traders "from ftmo and MFF and make fund with them (they was to young and uneducated, they did not know that a lot of time this was done already to bring out people from trading games in fund and all the time did not work, so they needed to learn hard way) or watched their private account, all failed big with busting account after account or bigger losses...
Yes, I have always stated....the profitable trader is the prop firms WORST customer. However, folks have also been banned from market maker brokers when they become too profitable as well. In a B-Book broker ( I know they can mitigate through hedging, etc.) they are the counterparty as well....you win, they lose and vice versa....same reason the brokers freeze platforms so you cannot exit, random price spikes (not news or rollover).
Ironically, it is the "regulated" shitholes in the US that are most guilty of these practices.
That is why the intelligent among us understand it is all one big game......regulation is disguised as protection for the little guy, the trader and nothing is farther from thre truth. Hell, most folks do not even realize the NFA actually PROHIBITS any type of protection fund for the trader. Broker couldn't offer it even if they wished to.
  • #26,258
  • Nov 15, 2023 9:21am Nov 15, 2023 9:21am
Quoting pipmaster77
{quote} Yes, I have always stated....the profitable trader is the prop firms WORST customer. However, folks have also been banned from market maker brokers when they become too profitable as well. In a B-Book broker ( I know they can mitigate through hedging, etc.) they are the counterparty as well....you win, they lose and vice versa....same reason the brokers freeze platforms so you cannot exit, random price spikes (not news or rollover). Ironically, it is the "regulated" shitholes in the US that are most guilty of these practices. That is why...
trading games are:
- kind of props we speak here about (not the real prop trading )
- pure B Book broker
- direct trading games

so of course all what happens in prop will happen in pure B Book broker too, because all is demo accounts and no real markets. but difference is, B Book broker take deposit money and so need regulations and certifications and some money deposited (much less then one will think). thats the difference to trading game start fee like with prop.

pure B book broker you can only use when you are good for their risk managing flow (so you do a lot of trades of smaller sizes or you trade small in general), the rest very successful traders will get kicked out.

but their is no need to take it , you can always choose good brokers. the trick is to chose the broker matching your trading style, so can be different for different traders.
  • #26,259
  • Edited 4:20pm Nov 15, 2023 9:30am | Edited 4:20pm
Quoting forexbali
I had 3 groups before economic news I deleted ALL THE ORDERS at exit of the news, topstep filled me 2 accounts, with NO ORDERS and I was not able to close fast it to save them I will open a ticket imediatelly. {image}
Throughout the years Ive heard many complaints about TopStep. I thought there were enough rumors on social media already for people to stay far away. Literally the one futures prop firm which got the worst reputation as far as I know among the popular ones. Earn2Trade got the best. Apex yea they payout and so far not that many shady rumors.
  • #26,260
  • Nov 15, 2023 9:32am Nov 15, 2023 9:32am
Quoting Trader191
{quote} but their is no need to take it , you can always choose good brokers. the trick is to chose the broker matching your trading style, so can be different for different traders.
Except if you reside in the US, then you are forced to "take it"...it's all part of the regulators protecting us.
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