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Anyone trading with a Prop firm 6 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

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Prop Firm Hub

I understand but what he is trying to do will make it difficult for an honest trader who wants to trade for real.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
Quoting CableJ
{quote}So if TFT the next largest funding co. in North America bans US clients... they would be considered no longer doing harm by the CFTC and the mountains of complaints against them will be ignored?!?!?!?!?
I do not think so US based props will stop onboarding US customers. They are on US ground. So admitting a ban on all US traders would mean they even cannot offer in-house broker trading CFDs on American ground for non-US clients. That would be too stupid. So they will look for different trading platforms until they cannot.

TFT has seen what can happen with MFF. That would be a big hurt to be next target from CFTC. If they are smart enough they would leave the USA as fast as they can and ban US residents like FTMO has done it. Once assets are frozen like on MFF they cannot escape anymore. That would be a required urgent move if they have half a brain. The risks not doing the escape are so huge, how can the CEO of US props sleep well at night ?
Good news guys…
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Extreme gut feeling trader
Quoting montygoldy
Good news guys… {image}
Hearty congratulations for your achievement
Quoting CableJ
{quote}Regulator much less likely likely to go after a firm no longer 'causing harm'. Especially if there are ones still doing so.
So if TFT the next largest funding co. in North America bans US clients... they would be considered no longer doing harm by the CFTC and the mountains of complaints against them will be ignored?!?!?!?!?[/quote]
Yes, this entire saga is hilarious. Bad apples continue, good companies and their traders can't operate. What exactly are we trying to accomplish.....no CFDs in the US? Fine, ban Oanda, Forex.com, IG, Interactive, TD, etc.
If it is "pay to play" and you can offer these products with CFTC registration, well, that's not regulation, thats' corrupt and a form of bribery, no? It seems the CFTC is more like the mafia than a regulator, no?
Do not know how many extra hints and invitations the US prop firms need. With the latest step it is crystal clear now, that any CFDs offered to US residents will not be tolerated. So no US prop firm can then offer an unregulated in-house broker to offer CFDs, even they would ban all US residents to participate. Because it is on American ground they cannot do this. They would at least need a regulation like Oanda or Forex.com to do so. For what are they; TFT, E8, MyFFX, SPT, TTT; waiting still ?? They have not heard the alarm bells ? I do not get it.
Quoting montygoldy
Good news guys… {image}
very good.

I am happy for you.

Intraday only.
Actually I do not understand why Oanda with their own prop offer cannot offer this to US customers too if they are already licensed in the US as one of the very few.
Can someone explain me that ? I mean if Oanda does not offer this to US customers how any other US prop think they can do such business on US ground, heh ?
Quoting montygoldy
Good news guys… {image}
Congratulations Moty.... I really enjoy it when i see other traders make money in trading, after what Fx put me through for
over 10 years, it gladdens my heart to see others win big in a short period of time.... Cheers
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
Quoting procrude
I am noticing more and more prop firms moving to thinkmarkets ....
Its a disaster waiting to happen.
Quoting martinez1
{quote} Congratulations Moty.... I really enjoy it when i see other traders make money in trading, after what Fx put me through for over 10 years, it gladdens my heart to see others win big in a short period of time.... Cheers
monty is different from moti.

lol
Intraday only.
Quoting montygoldy
Good news guys… {image}
Congrats mate ! That's a helluva of a payout!

Did the money already hit you ? How was the payment process ?
Quoting CableJ
So if TFT the next largest funding co. in North America bans US clients... they would be considered no longer doing harm by the CFTC and the mountains of complaints against them will be ignored?!?!?!?!?
Please read what I wrote.

If a firm is no longer conducting the activities the regulator considers a breach of the laws / regulations it covers, then it is less likely to take action. That doesn't mean it won't take action, but a regulator only has so many resources to deploy. If it's faced with, let's say, 30 companies in the niche and 15 are still conducting said activities, then they're more likely to receive the attention.

In TFT's case (who weren't mentioned), even if they stopped taking US traffic then their scale may still make them of interest to a regulator.
Quoting navk
{quote} monty is different from moti. lol
Extreme gut feeling trader
Quoting Capablanca
{quote} Congrats mate ! That's a helluva of a payout! Did the money already hit you ? How was the payment process ?
not yet atleast this email gave me sigh of relief after all drama
Extreme gut feeling trader
Quoting martinez1
{quote} Congratulations Moty.... I really enjoy it when i see other traders make money in trading, after what Fx put me through for over 10 years, it gladdens my heart to see others win big in a short period of time.... Cheers
cheers more to come …. This is the beginning… 200k pure profits just from prop firm i 2024 is the GOAL
Extreme gut feeling trader
Quoting TrAndy1
Actually I do not understand why Oanda with their own prop offer cannot offer this to US customers too if they are already licensed in the US as one of the very few. Can someone explain me that ? I mean if Oanda does not offer this to US customers how any other US prop think they can do such business on US ground, heh ?
Exactly.....so it is OK to offer it as long as you do not offer it to US citizens and you are "registered", meaning you have "paid to play". It is all so fucking corrupt and yet some ignore the obvious to suit their beliefs/agenda.
As with anything, just apply some common sense to the facts you see before you.
Quoting navk
{quote} monty is different from moti. lol
Navk please don't don't crack my rib....

Please am sorry, not our other moty on Gbuusd thread..
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
Quoting montygoldy
{quote} cheers more to come …. This is the beginning… 200k pure profits just from prop firm i 2024 is the GOAL
Yess, and after that your 200k personel account will turn to 400k, 800k 1.6m, 3.2mil, 6.4 mil, 12mil e.tc

How will be doing when you you can close one trade with over 200k in profit or loss consistently? what will be your daily leaving style
be like when you can make over 600k in a single withdrawal? ...... Just asking Cheers
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
Quoting martinez1
{quote} Yess, and after that your 200k personel account will turn to 400k, 800k 1.6m, 3.2mil, 6.4 mil, 12mil e.tc How will be doing when you you can close one trade with over 200k in profit or loss consistently? what will be your daily leaving style be like when you can make over 600k in a single withdrawal? ...... Just asking Cheers
In my personal opinion, monty needs to reduce risk appetite.

Longivity is important.
Intraday only.
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