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  • #30,021
  • Feb 11, 2024 10:23am Feb 11, 2024 10:23am
If I do not get MT5 to trade with, then I would use a cloud copy tool, which can or should copy to DXtrade or cTrader from MT4 or MT5. Actually it is in progress, but there are some tools available. So there is no need to learn a new trading platform (every few months or so with the CFTC mess or other Federal agencies from US).

https://tradersconnect.com/features/...mplementations

They had some problems in the past with their servers as they are young company. I hope they will sort out every problem.
  • #30,022
  • Edited 11:02am Feb 11, 2024 10:35am | Edited 11:02am
Quoting Takisd
Whats the proof that they were approached by an internal whistleblower? None right? Just your words.
-Yes, or that the CFTC was targeting MFF already, and the whistleblower simply provided a doorway in. Or even worse, that the CFTC was targeting MFF, but needed evidence, so they put pressure on someone and created their own whistleblower. Or even worse than that, that the CFTC fabricated a whistleblower after an unnamed company anonymously shared information, breaching NDA etc..

We can speculate about possibilities all day, but how beneficial is it to call people out in public on nonsensical things, while continuing to provoke and condescend at every turn? KarlKraus has no real business here, other than to push some kind of agenda, it seems.
  • #30,023
  • Feb 11, 2024 10:54am Feb 11, 2024 10:54am
Quoting navk
{quote} Yes, FTMO would / should survive. I will buy in the future only from FTMO if at all I buy one.
Look at 5ers and Audacity also.
  • #30,024
  • Feb 11, 2024 11:09am Feb 11, 2024 11:09am
Quoting nebby
{quote} No link yet, I did try this one: https://download.mql5.com/cdn/web/vi...kets5setup.exe (from https://virtualmarkets.io/metatrader5/) but didn't install for me for some reason (nothing happens after clicking the exe)
lets wait for the official link they send, will talk to customer support tomorrow
  • #30,025
  • Feb 11, 2024 11:28am Feb 11, 2024 11:28am
Quoting TrAndy1
If I do not get MT5 to trade with, then I would use a cloud copy tool, which can or should copy to DXtrade or cTrader from MT4 or MT5. Actually it is in progress, but there are some tools available. So there is no need to learn a new trading platform (every few months or so with the CFTC mess or other Federal agencies from US). https://tradersconnect.com/features/...mplementations They had some problems in the past with their servers as they are young company. I hope they will sort out every problem.


Sounds good, do we need to use vps to run the platform , or only connected with them will do all things
  • #30,026
  • Feb 11, 2024 11:31am Feb 11, 2024 11:31am
Quoting montygoldy
{quote} thats the logic good point… the system took it that after withdrawal it picked the remaining balance from the high of day … thanks… lets see waiting for their response btw account shows active now in dashboard before it showed breached

Even if its the case, u should get the payment, breach happened for withdrawal means withdrawn finds r not part of that acc any more.
They may cancel the acc due to breach but can't deny the payment.
Unless they cheat.
  • #30,027
  • Feb 11, 2024 11:35am Feb 11, 2024 11:35am
Quoting Nsak3y
{quote}-Yes, or that the CFTC was targeting MFF already, and the whistleblower simply provided a doorway in. Or even worse, that the CFTC was targeting MFF, but needed evidence, so they put pressure on someone and created their own whistleblower. Or even worse than that, that the CFTC fabricated a whistleblower after an unnamed company anonymously shared information, breaching NDA etc.. We can speculate about possibilities all day, but how beneficial is it to call people out in public on nonsensical things, while continuing to provoke and condescend...
there’s a pretty good deflection campaign going on.

i will ask a really big question regarding prop firms.

so there are 140 prop firms using fpfx. We know of a handful here the rest ???? Where are they? What are they doing? First class forex funds used fpfx, why no big media campaign to say you aren’t working with them anymore? Leveledupsociety? Rocket21? I am sure the list is large, how come the most legit in terms of paying out and conditions is the one targeted?
how come every time someone breaks from fpfx some legal drama ensues. Why would fpfx email the article to all 140 prop firms as it happens as if it’s trying to send a message to those who may leave them.

there is clearly more to this story that the FTC might want to be made aware of.
  • #30,028
  • Feb 11, 2024 11:50am Feb 11, 2024 11:50am
Quoting pipmaster77
{quote} Yes, when 10 firms start popping up daily it brought unwanted attention to the space in general. I will still stand by MFF being the best prop in every category........value, execution, conditions, payouts. It is WHY THEY WERE TARGETED. There was no drama as we see today with denied payouts, banned traders, etc.............sure, the slippage was there when you traded news, just like the REAL MARKET. They constantly warned DO NOT TRADE THE NEWS. People take no accountability or reponsibility for their own actions. It is simply today's reality....
They placed the CTFC in a position they were always going to act because of their misrepresentation / fraud once they became aware of it.

You and others on here may give them a pass for it, but the reality is MFF's misrepresentation / fraud is the main reason why prop has had so much US scrutiny.

A court has decided there's a prima facie for all the alleged breaches, so again, just because people on here don't like the CFTC doesn't mean they're not applying the law correctly.

Quoting Cryptosurf
{quote} Wasn’t it something to do with FPFX?
FPFX provided MFF with some of the tech.

Wouldn't imagine they'd be cutting off potentially millions of revenue for more reasons.
  • #30,029
  • Edited 1:29pm Feb 11, 2024 12:18pm | Edited 1:29pm
If you couldn't make money @ MFF with spreads & slippage better than retail @ similar ticket sizes executed then you couldn't make money anywhere else trading similar size. I copied every single trade from a personal broker account. MFF's results were always in line or better than the retail broker's results monthly, and that was with the retail broker as master not having to deal with latency.
  • #30,030
  • Feb 11, 2024 12:27pm Feb 11, 2024 12:27pm
Quoting PropDude1234
They placed the CTFC in a position they were always going to act because of their misrepresentation / fraud once they became aware of it. You and others on here may give them a pass for it, but the reality is MFF's misrepresentation / fraud is the main reason why prop has had so much US scrutiny.
-Nothing has been proven yet. Even making such claims could be considered defamatory at this point. You claim that MFF misrepresented themselves and even defrauded customers. Explain your reasoning. What proof do you have? The 'we win when you win' claim? Because nobody can argue that such a statement is false, when we already know that these firms benefited heavily by boasting about big payouts and blasting them all over social media.

Even if someone could make a case for false advertising, that should not even fall within the scope of the CFTC.
  • #30,031
  • Feb 11, 2024 12:54pm Feb 11, 2024 12:54pm
Quoting TrAndy1
If I do not get MT5 to trade with, then I would use a cloud copy tool, which can or should copy to DXtrade or cTrader from MT4 or MT5. Actually it is in progress, but there are some tools available. So there is no need to learn a new trading platform (every few months or so with the CFTC mess or other Federal agencies from US). https://tradersconnect.com/features/...mplementations They had some problems in the past with their servers as they are young company. I hope they will sort out every problem.
TradersConnect is what I use. Hoping to use my funded 5ers mt5 trades to copy into DXTrade, etc…

TC working around the clock on this now. They’ve been great across all 12 of my prop firm (mt5) accounts — all 100K, spread out a là Boulder’s suggestion
A snails pace wins the race :-)
  • #30,032
  • Feb 11, 2024 1:08pm Feb 11, 2024 1:08pm
Quoting JustPipMe
{quote} TradersConnect is what I use. Hoping to use my funded 5ers mt5 trades to copy into DXTrade, etc… TC working around the clock on this now. They’ve been great across all 12 of my prop firm (mt5) accounts — all 100K, spread out a là Boulder’s suggestion

Does tradersconnect provide different IP for each instance? FTMO does not allow different accounts with same IP with same results.

Secondly - FTMO does not allow copytrading. Does tradersconnect bypass this restriction?

Thank you.
  • #30,033
  • Feb 11, 2024 1:15pm Feb 11, 2024 1:15pm
Quoting PropDude1234
{quote}{quote}FPFX provided MFF with some of the tech. Wouldn't imagine they'd be cutting off potentially millions of revenue for more reasons.
Im well aware who they are and what they do. It seems when a prop firm makes, hints they are going to break away from them, said prop firm suddenly gets thrown under the nearest bus.
Trade with confidence, trade without fear.
  • #30,034
  • Feb 11, 2024 1:24pm Feb 11, 2024 1:24pm
Quoting Cryptosurf
It seems ... said prop firm suddenly gets thrown under the nearest bus.
-Additionally, it almost seems as if some props are not affected for some, strange reason. If there were ever negotiations/payoffs happening behind the scenes, then that could be a serious issue. If we ever consider that possibility, then those that refuse and/or are unable to pay an 'exit fee', could possibly become a target for a smear campaign. Just speculating here, of course.
  • #30,035
  • Feb 11, 2024 1:28pm Feb 11, 2024 1:28pm
Quoting CableJ
If you couldn't make money @ MFF with spreads & slippage better than retail @ similar ticket sizes executed then you couldn't make money anywhere else trading similar size. I copied every single trade to a personal broker account. MFF's results were always in line or better than the retail broker's results monthly, and that was with the retail broker as master not having to deal with latency.
I feel like those who complains about MyFF is never traded anywhere or just bad looser because if you are in US and Canada and have traded with Oanda and Forex.com knows what slippage is and what kind of manipulation they are doing and what CFTC is doing to prevent it. Grapes are always sour for a looser.
MyFF was the best thing that prop firm could have. Never had payment or withdrawal issue.
  • #30,036
  • Edited 1:53pm Feb 11, 2024 1:38pm | Edited 1:53pm
Quoting Nsak3y
{quote}-Nothing has been proven yet. Even making such claims could be considered defamatory at this point. You claim that MFF misrepresented themselves and even defrauded customers. Explain your reasoning. What proof do you have? The 'we win when you win' claim? Because nobody can argue that such a statement is false, when we already know that these firms benefited heavily by boasting about big payouts and blasting them all over social media. Even if someone could make a case for false advertising, that should not even fall within the scope of the...
Lol defamatory to repeat the CFTC's accusations and a court's prima facie conclusion.

I don't think so.

Misleading / fraudulent financial promotions etc are clearly going to be in the scope of a financial regulator.
  • #30,037
  • Feb 11, 2024 1:51pm Feb 11, 2024 1:51pm
Quoting genuine007
{quote} DX TRADE for which prop firm?? E8 showing VirtualMarkets-PaperTrading MT5 But where to download and install this MT5 No Download Link, No Install Link for E8 Do Anyone know about VirtualMarkets-PaperTrading MT5 Install for Windows PC
I use the E8-MT5-Platform and added the new server by clicking on "open new account" and seach for virtualMarkets as a company/server..
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  • #30,038
  • Feb 11, 2024 2:04pm Feb 11, 2024 2:04pm
Quoting PropDude1234
Lol defamatory to repeat the CFTC's accusations and a court's prima facie conclusion.
-Making claims about suspected activity is not the same as saying that they defrauded. You keep saying that they defrauded. There is a difference.

Quoting PropDude1234
I don't think so. Misleading / fraudulent financial promotions etc are clearly going to be in the scope of a financial regulator.
-I asked you already. Based on what? What fraudulent promotions? At this point, we do not even know if what MFF were doing should even fall under the same regulatory guidelines, since no actual trading was really even occurring.
  • #30,039
  • Feb 11, 2024 2:06pm Feb 11, 2024 2:06pm
Quoting PropDude1234
{quote}Lol defamatory to repeat the CFTC's accusations and a court's prima facie conclusion. I don't think so. Misleading / fraudulent financial promotions etc are clearly going to be in the scope of a financial regulator.
Yeh just like profiting on a rev share basis with scams right?? Lets ignore MFF for one second. Lets talk about FPFX profiting from firstclassforexfunds, rocket21, LUS and many many more scams on a net rev share basis where their financial reward comes from the money in being high and money out being low. Their interest is purely in customers losing.

Lets address that for a bit, maybe we can find some common ground.
  • #30,040
  • Feb 11, 2024 2:09pm Feb 11, 2024 2:09pm
Quoting Nsak3y
You keep saying that they defrauded.
So do the CFTC. Are they defaming too?

Court docket is here if you want to know all the info: https://www.courtlistener.com/docket...bal-group-inc/

Regardless of the actual outcomes, the evidence so far has satisfied a court that there's a case to answer and the investigation itself that has caused all the scrutiny on the industry.

Whether you blame the CFTC of MFF, or a bit of both is another matter.

Quoting Takisd
{quote} Yeh just like profiting on a rev share basis with scams right?? Lets ignore MFF for one second. Lets talk about FPFX profiting from firstclassforexfunds, rocket21, LUS and many many more scams on a net rev share basis where their financial reward comes from the money in being high and money out being low. Their interest is purely in customers losing. Lets address that for a bit, maybe we can find some common ground.
I don't see FPFX involved with the CFTC and courts.

We're talking about what has caused the current scrutiny.

Another example, who caused Deel to back out the industry? FPFX or the MFF investigation?

In terms of the rev share - where are those commercial B2B agreements being misrepresented to the customer?
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