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  • #29,641
  • Edited 8:43am Feb 8, 2024 8:28am | Edited 8:43am
Quoting pipmaster77
{quote} or did you expect...."Yes, it is true. The sky is falling. Tell everyone you know!"
No Pip,

Sky is not falling.

Actually we did mistakes.

1.It is our mistake to sign up with prop firm

2. And it is our mistake to sign up with firms who have no official mt4 licence but internal feed. ( Like MFF )

3. And it is our mistake to trust prop firm who says they have license. ( Like what is happening now to think markets, 8 cap and so on )

4. And it is our mistake not to trade with realmoney broker. ( I hope this survives atleast )
And I warned everyone not trust much the prop firms but to open real money account since january
Intraday only.
  • #29,642
  • Feb 8, 2024 8:35am Feb 8, 2024 8:35am
Everyday there is a bad news that funds of this broker gets sealed by government doing illegal things, money laundering etc
Everyday there is bad news about prop firm that deniying payouts, deliberately suspended funded accounts, traders banned, etc
Metaquotes cancelled licenses, dashboard technical service provider cancelled licenses, Prop firm ban US clients, etc
It feels like that we are receiving free money without any efforts and government just want to ban all this and want us switch to 9 to 5 or gambling thinking that tomorrow this firm can gone so why not hurry up..

Man seriously, it is very tough making money in this market, to form a strategy, then teach our mind to follow rules
Our focus instead of doing trading, every day shifted to all this drama
First it is tough to make money, then we have no guarantee whether the prop firm or broker give us our money or not
  • #29,643
  • Feb 8, 2024 8:37am Feb 8, 2024 8:37am
Quoting genuine007
Everyday there is a bad news that funds of this broker gets sealed by government doing illegal things, money laundering etc Everyday there is bad news about prop firm that deniying payouts, deliberately suspended funded accounts, traders banned, etc Metaquotes cancelled licenses, dashboard technical service provider cancelled licenses, Prop firm ban US clients, etc It feels like that we are receiving free money without any efforts and government just want to ban all this and want us switch to 9 to 5 or gambling thinking that tomorrow this firm can...
Real money broker will pay money
Intraday only.
  • #29,644
  • Feb 8, 2024 8:44am Feb 8, 2024 8:44am
Quoting navk
{quote} Real money broker will pay money
Man, I doubt that too..
I have heard stories that real broker also fault on payment
Its just easy to lose money everywhere but to pull money out of the market seems very tough

People like nouman iqbal, andrew nfx, jadecap, palladin and many more..
They have made a lot of money at the right time before all the drama
They enter into this at the right time at the beginning and created a fortune out of it
Now they don't have any tension

And also they are coming up with their prop firms now
Seriously, to me now all this prop firm looks like ponzy scheme like they know people will definitely fail, and if they don't we will fail them manually and all the challenge fees is our direct profit and they are just using their name value, brand value and creating websites and prop firms and telling people that we have become reach got 1M$ in payouts you also start with prop firm you can buy bmw, mclaren etc
  • #29,645
  • Feb 8, 2024 8:47am Feb 8, 2024 8:47am
Quoting genuine007
{quote} Man, I doubt that too.. I have heard stories that real broker also fault on payment Its just easy to lose money everywhere but to pull money out of the market seems very tough People like nouman iqbal, andrew nfx, jadecap, palladin and many more.. They have made a lot of money at the right time before all the drama They enter into this at the right time at the beginning and created a fortune out of it Now they don't have any tension And also they are coming up with their prop firms now Seriously, to me now all this prop firm looks like ponzy...
I know a few brokers... who pays money. Very few real money brokers miss out on payouts. As they are regulated.

OANDA, DUCASCOPY, and some more.
Intraday only.
  • #29,646
  • Feb 8, 2024 8:49am Feb 8, 2024 8:49am
Quoting navk
{quote}I truly trust what the chat service says is correct. Good for all of us as prop firm traders. {image}
FFS, you can’t be that naive that you trust what a minimum wage, chat support flunky tells you.

You were also convinced that MFF was going to be back a few weeks after they went down, like they were slapped with some type of speeding ticket. Common sense would have said other wise.

And now you’re preaching the only solution is to have your own account…in a prop firm thread.
Trade with confidence, trade without fear.
  • #29,647
  • Feb 8, 2024 8:50am Feb 8, 2024 8:50am
I cant share the email I have but yeh. I hope that what I am sent is wrong. But...... TFT recently said end of march mt4 goes and they will have xyz platforms. I think the no US residents on meta is coming at a minimum.
  • #29,648
  • Feb 8, 2024 8:51am Feb 8, 2024 8:51am
Quoting genuine007
{quote} Man, I doubt that too.. I have heard stories that real broker also fault on payment Its just easy to lose money everywhere but to pull money out of the market seems very tough People like nouman iqbal, andrew nfx, jadecap, palladin and many more.. They have made a lot of money at the right time before all the drama They enter into this at the right time at the beginning and created a fortune out of it Now they don't have any tension And also they are coming up with their prop firms now Seriously, to me now all this prop firm looks like ponzy...
Having said, US and Canadian residents have very few options to choose from brokers.
Intraday only.
  • #29,649
  • Feb 8, 2024 8:51am Feb 8, 2024 8:51am
Quoting navk
{quote} I know a few brokers... who pays money. Very few real money brokers miss out on payouts. As they are regulated. OANDA, DUCASCOPY, and some more.
Man sometimes I fear that my parents will scold me a lot that we have told you already that this is all scam, they just want your money, at the end you will loss all, we have told you just stop doing trading, find some job and live a normal life and forget all the money you have lost now, just stop trading, why you destroying your mental health and physical health, go do any job, earn normal money, get married and just settle..
we don't believe on this online trading, this is gamble, just quit it, what if the company shut down its business, you don't even know its office, etc to whom you go if they don't pay etc etc
  • #29,650
  • Feb 8, 2024 8:55am Feb 8, 2024 8:55am
Fundingpips CEO, just tweeted, 2 major brokers about to go down. Does he know something, or been reading Takisd posts
  • #29,651
  • Feb 8, 2024 8:57am Feb 8, 2024 8:57am
Quoting Cryptosurf
{quote} FFS, you can’t be that naive that you trust what a minimum wage, chat support flunky tells you. You were also convinced that MFF was going to be back a few weeks after they went down, like they were slapped with some type of speeding ticket. Common sense would have said other wise. And now you’re preaching the only solution is to have your own account…in a prop firm thread.
In fact all of us erred in choice.

Not me, and not you alone.

I have moved to real money broker since january after MFF issuses.

We have to move on.

As for prop firm thread, I agree this may not be right place to post my real money broker view.

But then, keep in mind, I was one among who were put into stress after MFF issues.

MFF, Funded engineer, TFF all may come back successfully. but then, we have to move on accepting the issues faced by prop firms.

If What taksid has posted becomes true, then, one can easily say prop firm industry is out.
Intraday only.
  • #29,652
  • Feb 8, 2024 8:59am Feb 8, 2024 8:59am
Quoting Takisd
I cant share the email I have but yeh. I hope that what I am sent is wrong. But...... TFT recently said end of march mt4 goes and they will have xyz platforms. I think the no US residents on meta is coming at a minimum.
Mffx and skilled also saying Dxtrade will be ready within the month.
  • #29,653
  • Feb 8, 2024 9:00am Feb 8, 2024 9:00am
Quoting navk
{quote} Having said, US and Canadian residents have very few options to choose from brokers.
Just obey thy master and trade futures......that is the end goal of the regulators. Forex and CFDs as Cable J posted a couple of weeks back takes too much money out of too many pockets.....THAT IS ALL THIS IS.......Yes, there are some shady firms which we could have policed ourselves.....this CFTC agenda boils down to the one thing.....it is The Commodity FUTURES Trading Commission, whose sole purpose is to PROTECT the FUTURES market under the guise of PROTECTING THE TRADER
I am sorry I keep repeating it, but those of you not seeing this are blind, naive or both.
  • #29,654
  • Feb 8, 2024 9:00am Feb 8, 2024 9:00am
Quoting rizla101
{quote} Mffx and skilled also saying Dxtrade will be ready within the month.
Dxtrade will get sent a notice from CFTC 5 seconds after that. They will keep pushing until the props are done or people start just accepting them some other way.
  • #29,655
  • Feb 8, 2024 9:03am Feb 8, 2024 9:03am
Quoting pipmaster77
{quote} Just obey thy master and trade futures......that is the end goal of the regulators. Forex and CFDs as Cable J posted a couple of weeks back takes too much money out of too many pockets.....THAT IS ALL THIS IS.......Yes, there are some shady firms which we could have policed ourselves.....this CFTC agenda boils down to the one thing.....it is The Commodity FUTURES Trading Commission, whose sole purpose is to PROTECT the FUTURES market under the guise of PROTECTING THE TRADER I am sorry I keep repeating it, but those of you not seeing this...
Drink the santaklaus cool-aids.
  • #29,656
  • Edited 9:23am Feb 8, 2024 9:05am | Edited 9:23am
Quoting pipmaster77
{quote} Just obey thy master and trade futures......that is the end goal of the regulators. Forex and CFDs as Cable J posted a couple of weeks back takes too much money out of too many pockets.....THAT IS ALL THIS IS.......Yes, there are some shady firms which we could have policed ourselves.....this CFTC agenda boils down to the one thing.....it is The Commodity FUTURES Trading Commission, whose sole purpose is to PROTECT the FUTURES market under the guise of PROTECTING THE TRADER I am sorry I keep repeating it, but those of you not seeing this...
Yes, futures broker and then there are more for canadian and US residents.

There are :

1. Ducascopy

2. Oanda

3. Blueberry markets

4. Tradersway

5. Go markets

6.
Intraday only.
  • #29,657
  • Feb 8, 2024 9:06am Feb 8, 2024 9:06am
Quoting Takisd
I cant share the email I have but yeh. I hope that what I am sent is wrong. But...... TFT recently said end of march mt4 goes and they will have xyz platforms. I think the no US residents on meta is coming at a minimum.
MQ aren't cancelling the licences of three large brokers.

I agree they may lean (or harder) on them to stop accepting US clients.

I suspect TFT are binning MT4 because it is old and shit and presents problems at their scale i.e. brokers aren't easily able to get more server space for MT4 like they are MT5.
  • #29,658
  • Feb 8, 2024 9:06am Feb 8, 2024 9:06am
Quoting pipmaster77
{quote} Just obey thy master and trade futures......that is the end goal of the regulators. Forex and CFDs as Cable J posted a couple of weeks back takes too much money out of too many pockets.....THAT IS ALL THIS IS.......Yes, there are some shady firms which we could have policed ourselves.....this CFTC agenda boils down to the one thing.....it is The Commodity FUTURES Trading Commission, whose sole purpose is to PROTECT the FUTURES market under the guise of PROTECTING THE TRADER I am sorry I keep repeating it, but those of you not seeing this...
Now what is futures man??
Is there any future in futures or there will all this drama continue once we shifted to futures
Man, my hairs vanish understanding this forex, commodity, indices, trading, money management, risk management, emotions, feelings, retracement, supply, demand, elliote wave, and all the bullshit that keep going on youtube this strategy that strategy adr, spread, commission, spread slippage etc etc

it was not enough, when i come into prop trading, then i come to know there is some concept like hft and all the bullshit that keep going on in prop firm by these traders who wrecked every prop firm and now these prop firm wrecking us everyday giving us unforseen once in a lifetime discounts
  • #29,659
  • Feb 8, 2024 9:10am Feb 8, 2024 9:10am
Quoting PropDude1234
{quote}MQ aren't cancelling the licences of three large brokers. I agree they may lean (or harder) on them to stop accepting US clients. I suspect TFT are binning MT4 because it is old and shit and presents problems at their scale i.e. brokers aren't easily able to get more server space for MT4 like they are MT5.
Cool :virtual funded thumbs up: - Perhaps the bargain is "dont accept props". We will find out very soon, I hope its the lesser of all evils.
  • #29,660
  • Feb 8, 2024 9:12am Feb 8, 2024 9:12am
Quoting Takisd
Metatrader sent termination to think, purple and 8cap. Forget the FE drama, this one is going to be bigger.
god dammit.. now i am only go with ftmo, 5% challenges… anyone other which will be safe???
Extreme gut feeling trader
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