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  • #28,721
  • Edited 9:47am Jan 26, 2024 9:27am | Edited 9:47am
Quoting pipmaster77
{quote} Futures, futures, futures.......they want us to trade what they want us to trade. Forex and CFDs takes away from it.
100% correct...

Once Binance introduced US stock futures, it was only a matter of time before the US took them out.

If CFDs were legal in the US...

They would steal volume away from markets completely dominated by US exchanges... $$$
If a trader/institution/hedge fund wanted to hold the S&P 500 futures for years they would incur years of forced quarterly rolling & commissions, which are eliminated by non expiring CFDs... $$$
CFD real time data = free, futures real time data = monthly exchange fees... $$$
CFDs are taxed on realization when sold, Futures are taxed mark to market annually... $$$

CFD's put trillions in US exchange seat fees, US taxes, US exchange volume, US commission fees and US exchange real time data fees @ risk.
  • #28,722
  • Jan 26, 2024 9:41am Jan 26, 2024 9:41am
Quoting CableJ
{quote} 100% correct... Once Binance introduced stock futures, it was only a matter of time before the US took them out. If CFDs were legal in the US... They would steal volume away from markets completely dominated by US exchanges... $$$ If a trader/institution/hedge fund wanted to hold the S&P 500 futures for years they would incur years of forced quarterly rolling & commissions, which are eliminated by non expiring CFDs... $$$ CFD real time data = free, futures real time data = monthly exchange fees... $$$ CFDs are taxed on realization when sold,...
Yet, we are the ill-informed as labeled by some posters in this forum.......crazy, isn't it?
  • #28,723
  • Jan 26, 2024 9:43am Jan 26, 2024 9:43am
Quoting CableJ
{quote} 100% correct... Once Binance introduced stock futures, it was only a matter of time before the US took them out. If CFDs were legal in the US... They would steal volume away from markets completely dominated by US exchanges... $$$ If a trader/institution/hedge fund wanted to hold the S&P 500 futures for years they would incur years of forced quarterly rolling & commissions, which are eliminated by non expiring CFDs... $$$ CFD real time data = free, futures real time data = monthly exchange fees... $$$ CFDs are taxed on realization when sold,...
-This level of comprehension and out-of-the-box-thinking is unfathomable among the general population. It amazes me how so many people easily settle, choosing to remain oblivious without questioning anything and making continuous concessions in lieu of demanding positive and meaningful change.

But I am hopeful that a shift will occur as more people wake up to our true reality.
  • #28,724
  • Jan 26, 2024 11:00am Jan 26, 2024 11:00am
Jesus…the effing restrictions.

I have a British mother, may have to look into finally getting dual citizenship
A snails pace wins the race :-)
  • #28,725
  • Jan 26, 2024 11:16am Jan 26, 2024 11:16am
Quoting martinez1
{quote} Wow!!! that's nice to hear Monty. For Holding 600k with them then it seems they are at least reliable and you trust them, am i right?
not with them…. In total 600k… 400k with skilled funded and 200k with them..
Extreme gut feeling trader
  • #28,726
  • Jan 26, 2024 11:22am Jan 26, 2024 11:22am
Quoting CableJ
{quote} Now it gets interesting... will a tiny prop like Myflashfunding actually pay you >5% on that 600K?
i meant total 600k funded account only 200k funded with them
Extreme gut feeling trader
  • #28,727
  • Jan 26, 2024 11:23am Jan 26, 2024 11:23am
Quoting montygoldy
{quote} not with them…. In total 600k… 400k with skilled funded and 200k with them..
400K in skilled is big risk. Better to keep payouts low before Blake notice your existence. You need consider diversifying the funding, as soon as possible.
  • #28,728
  • Jan 26, 2024 11:26am Jan 26, 2024 11:26am
Quoting Capablanca
{quote} 400K in skilled is big risk. Better to keep payouts low before Blake notice your existence. You need consider diversifying the funding, as soon as possible.
yep i got those accounts cheap with high discounts and luckily passed first… already got 1payout each now its all risk free… i passed those within a week so not gonna be worried if they throw me out….. in the beginning i shared a excel sheet for my gameplan which is pull 20k profits from each firm…. Do it with 10-15 firms wallah i have my own 200k account…
Extreme gut feeling trader
  • #28,729
  • Jan 26, 2024 11:43am Jan 26, 2024 11:43am
Quoting Capablanca
Better to keep payouts low before Blake notice your existence.
-Who would have thought that Super Blake would become the kingpin of props. He looks like he grew up on a farm, hosting DND parties on the weekends.
  • #28,730
  • Jan 26, 2024 12:27pm Jan 26, 2024 12:27pm
Quoting Takisd
{quote} From what I gather from metaquotes the brokers have other problems beyond the crypto stuff. For starters, they are not allowing props to get a metaquotes license anymore. The ones getting them now have brokerage licenses elsewhere (offshore). I suspect something will come with the brokers but what do I know, I'm just a random poster on an internet forum. The argument against props using a 3rd party broker is much easier for US regulators in my opinion, as those brokers shouldnt be accepting any US resident full stop as the service they provide...
IN that case one should not look further than props that are their oen brokers, like FTMO,5ers,ACG.
  • #28,731
  • Jan 26, 2024 1:12pm Jan 26, 2024 1:12pm
Anyone tried swiftfunding?? they are running 50% off
Extreme gut feeling trader
  • #28,732
  • Jan 26, 2024 1:15pm Jan 26, 2024 1:15pm
Quoting montygoldy
Anyone tried swiftfunding?? they are running 50% off
Its just mffx with a bad attitude on twitter. Oh wait, its exactly MFFX same people too.
  • #28,733
  • Jan 26, 2024 1:19pm Jan 26, 2024 1:19pm
Quoting Tobiazzek
{quote} IN that case one should not look further than props that are their oen brokers, like FTMO,5ers,ACG.
I posted that as my main criteria in joining a firm over 2 years ago.......I was using MFF, FTMO and TFF at the time.
  • #28,734
  • Jan 26, 2024 1:21pm Jan 26, 2024 1:21pm
Attached Image (click to enlarge)
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Extreme gut feeling trader
  • #28,735
  • Jan 26, 2024 2:45pm Jan 26, 2024 2:45pm
Quoting montygoldy
{image}
looks like Alpha does not refund the fee when you pass the challenge ..
  • #28,736
  • Jan 26, 2024 2:50pm Jan 26, 2024 2:50pm
Quoting Stoneyrocks
{quote} looks like Alpha does not refund the fee when you pass the challenge ..
except that eveything else is good execution is top notch.....
Extreme gut feeling trader
  • #28,737
  • Jan 26, 2024 3:21pm Jan 26, 2024 3:21pm
Quoting Stoneyrocks
{quote} looks like Alpha does not refund the fee when you pass the challenge ..
It does, it's called payout bonus instead.
  • #28,738
  • Jan 26, 2024 5:50pm Jan 26, 2024 5:50pm
Quoting Stoneyrocks
{quote} looks like Alpha does not refund the fee when you pass the challenge ..
You mean no refund first payout ??
  • #28,739
  • Edited 6:47pm Jan 26, 2024 6:28pm | Edited 6:47pm
Quoting HengkiTjen
{quote} You mean no refund first payout ??
No, instead you get a "discretionary" performance fee bonus ranging from 0.25-0.5% of the account size.

So if you have a 100K account you get $250-$500.

I'm not sure what they use to determine the amount you get but maybe it has to do with if any promo codes were used. If you used the most recent 40% off promo code and paid $300 for a 100K account then I would imagine they wouldn't give you a $500 bonus fee but who knows?
Attached Image (click to enlarge)
Click to Enlarge Name: alpha.png Size: 19 KB


Anyway, I just bought a 50K challenge for $180 to test them out. We'll see how it goes.
Pride always comes before destruction.... -Proverbs 16:18
  • #28,740
  • Jan 26, 2024 6:31pm Jan 26, 2024 6:31pm
Quoting Takisd
{quote} Its just mffx with a bad attitude on twitter. Oh wait, its exactly MFFX same people too.
MFFX pays and very fast. Instant reset. Instant phase 2 and funded.

Swift is doing exactly the same thing with the same product. And for me this is the only thing interesting. I don't care at all about their attitude on Twitter or stuff like that.
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