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  • #29,561
  • Feb 7, 2024 3:48pm Feb 7, 2024 3:48pm
Quoting Takisd
{quote} Who else ended up gone when they were leaving FPFX? Now maybe things make some sense to people.
I alluded to this suspicion last year. Having said that, with the present incident I wouldn't put it past most of these 'CEO's' fiddling with the numbers here and there.
  • #29,562
  • Feb 7, 2024 3:50pm Feb 7, 2024 3:50pm
Quoting Takisd
{quote} MFF is the answer sir. Sorry to hurt your head.
Yet some will still deny the obvious. It's the way of the world today.
  • #29,563
  • Feb 7, 2024 3:55pm Feb 7, 2024 3:55pm
Quoting rizla101
I wouldn't put it past most of these 'CEO's' fiddling with the numbers here and there.
-And honestly, this is akin to making some false statement on their website... something that all of the MFF haters love to clamor about. It's just something that I personally do not care much about. Are traders getting paid?

Not saying that it's right, but it is interesting how FPFX paints the picture, using specific language in an effort to sensationalize the situation. This is the go-to strategy used by the CFTC and SEC.
  • #29,564
  • Feb 7, 2024 3:59pm Feb 7, 2024 3:59pm
Quoting rizla101
{quote} I alluded to this suspicion last year. Having said that, with the present incident I wouldn't put it past most of these 'CEO's' fiddling with the numbers here and there.
Do you really believe a company who still has alexg (rocket21) leveledupsociety etc all active on their platform, confirmed frauds? FPFX might as well just have put up a picture of a giant poop because thats how valuable that companies word is when it comes to compliance and aml.
  • #29,565
  • Feb 7, 2024 4:02pm Feb 7, 2024 4:02pm
On FPFX site it says they support 120 prop firms, are props like ftmo also supported by them or only the ones that are not their own brokers? How do we think this will impact the industry?
  • #29,566
  • Feb 7, 2024 4:02pm Feb 7, 2024 4:02pm
Quoting Nsak3y
{quote}-No worries, mate. You're fine. The insanity has caused me to have to switch brokers again. I will adapt, as always.
Wouldn't it be a dream come true to just be able to wake up in the morning and trade freely, without worrying about your broker and/or firm going under, being shut down, having a license pulled, etc.
I don't need anything crazy......
1. I can live with 50:1 levereage IF ALL OF THE UNNECCESSARY MARGIN was insured (not so with CFTC regulation)
2. I could trade the instruments of my choice, including indices and metals
and, most importantly
3. Good broker options, not the market-maker garbage which the CFTC "regulates". I mean I have 0 spreads with the 5%ers, where in the US broker offerings can I find that?
The above is what drove me offshore and than later to prop firms in the first place. If you ARE NOT going to insure my funds, I'm going to leave as little exposed as possible.......500:1 and props accomplish that and of course it accomplishes 2 and 3 as well.

Is this truly asking too much?
  • #29,567
  • Feb 7, 2024 4:11pm Feb 7, 2024 4:11pm
Quoting pipmaster77
Is this truly asking too much?
-I was just talking to someone about this yesterday. I would gladly keep my money State-side if regulators would allow for a reasonable and competitive playing field.
  • #29,568
  • Feb 7, 2024 4:14pm Feb 7, 2024 4:14pm
Quoting martinez1
you will understand that this guys are not to be trusted
-I do not trust any broker or prop firm. But as traders, mitigating risk is what we do.
  • #29,569
  • Feb 7, 2024 4:22pm Feb 7, 2024 4:22pm
Quoting pipmaster77
{quote} Wouldn't it be a dream come true to just be able to wake up in the morning and trade freely, without worrying about your broker and/or firm going under, being shut down, having a license pulled, etc. I don't need anything crazy...... 1. I can live with 50:1 levereage IF ALL OF THE UNNECCESSARY MARGIN was insured (not so with CFTC regulation) 2. I could trade the instruments of my choice, including indices and metals and, most importantly 3. Good broker options, not the market-maker garbage which the CFTC "regulates". I mean I have 0 spreads...
Its 2024 man, if its not dramatic its not life.
  • #29,570
  • Feb 7, 2024 4:37pm Feb 7, 2024 4:37pm
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  • #29,571
  • Feb 7, 2024 4:39pm Feb 7, 2024 4:39pm
Quoting Stoneyrocks
{image}
Handling it well.
  • #29,572
  • Feb 7, 2024 6:13pm Feb 7, 2024 6:13pm
Quoting martinez1
Sorry Guys, another one down.... {image}
Oh well $300k funding gone!!!
Purchase $450 flip make $25k still not bad investment.
  • #29,573
  • Feb 7, 2024 6:26pm Feb 7, 2024 6:26pm
I feel the moment any prop firm becomes big suddenly all these metaquotes, fpfx etc waking up to cancel licenses….
Extreme gut feeling trader
  • #29,574
  • Feb 7, 2024 6:47pm Feb 7, 2024 6:47pm
I'm a glass half full type of person, why don't we have Pip, Aaron, Task, Des, Young, Heng, Cable and all the other great contributors create a prop for us and have. Outthere can be our customer service rep to weed out the nonsense so we can keep trading and not get reported to the CFTC and not have traders complain when they get slippage when they trade during NFP. Y'all know the business model than any prop firm CEO or ect. I'll start a Go Fund Me. Just making light of the issue, hoping to get a laugh out of everyone. I know some things are frustrating for some, including me. Thanks for all the input, warnings, personal pains, griefs and highlights. I think that helps everyone on this forum. I hope anyone isn't discouraged. I think, somehow, someway, we will all, persevere and triumph. I hope that we do and I want you all to succeed. Cheers Mate.
  • #29,575
  • Feb 7, 2024 6:58pm Feb 7, 2024 6:58pm
Quoting montygoldy
I feel the moment any prop firm becomes big suddenly all these metaquotes, fpfx etc waking up to cancel licenses….
Big firms would suit FPFX. It makes them more money (I assume). I mean they were providing at least some of the tech for MFF.

Plenty of firms have left FPFX without issue. TFT are apparently doing so and they're probably the largest in the world now and they are still around.

No surprise MQ pulled the plug on TFF.

Wonder if traders will stop just focusing on who has the most drawdown etc.
  • #29,576
  • Feb 7, 2024 7:43pm Feb 7, 2024 7:43pm
Quoting Cryptosurf
Out of curiosity, what prop firms still offer zero commission trading on indicies. With decent leverage. The big three were FTMO, MFF and TFF. Curious if others exist. E8 used to to but now with purple it’s dogshit. MFFX has blueberry, that might be one, but have no way to verify.
ACG but their cust service is very poor
  • #29,577
  • Feb 7, 2024 8:11pm Feb 7, 2024 8:11pm
Quoting Lrg
{quote} ACG but their cust service is very poor
Good to know. I’m also not convinced that being “regulated” under FSA Seychelles is an actual thing either.

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Trade with confidence, trade without fear.
  • #29,578
  • Feb 7, 2024 8:13pm Feb 7, 2024 8:13pm
From Funded engineer :

Today, without notice, our dashboard provider for Funded Engineer decided to terminate our ongoing contract, delete all its past communication with us and turn the technology lights off from our business.

A coordinated negative PR campaign was launched, with multiple articles published online.

These were released before we receive the notification of contract termination, proving newspapers were reached out to before our company.

We are working diligently to resolve this matter and will take all necessary steps to bring our business back to its success.

In the meantime, please be patient, we will keep everyone updated as more information becomes available on how we will proceed.

We ask for your patience with us during this troublesome time. For the moment, as there is no means for us to analyze trading accounts and their rules, we unfortunately have to close all existing trades and disable trading in order to preserve the account's status as is.

We have requested a list of the pending payouts from the technology provider to pay all traders with a pending payout.

Once again, thank you for your support, patience and kindness.

We will keep communication lines open and continuously update everyone (on social media and via email) as more information becomes available.
Talk soon,
Trader T & Trader H
 
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Intraday only.
  • #29,579
  • Feb 7, 2024 8:26pm Feb 7, 2024 8:26pm
In my opinion, firms showing negative messages once they are unable to meet payout needs.

So, be careful with new firms.
Intraday only.
  • #29,580
  • Feb 7, 2024 8:47pm Feb 7, 2024 8:47pm
Quoting AaronPriest
{quote} They paid a trader and then breached his account without explaining any rule violations a couple weeks ago, just didn't fit their risk. Their social media representatives in groups have ignored all questions why. It would appear that they dump profitable traders because of their silence on this topic, but I'm still waiting to hear their side of the story. Maybe the trader "cheated" the system, but then why pay him first? Keep an eye on this firm to see if this becomes a pattern like so many others.
^ Well, that explains why Funded Engineer was just completely silent on this issue and their support representative has been absent in Telegram groups for weeks.
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