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  • #30,501
  • Feb 14, 2024 9:55am Feb 14, 2024 9:55am
Quoting CableJ
{quote} they are probably thinking eventual exit scam on the desperate props they're currently overcharging. did blueberry also pull out of supporting props?
The IP blocked US. Which seems to satisfy metaquotes, at least we will see. I am not so sure. The things I hear are contradictory. I hear that metaquotes just wants US off their platform at the same time I am hearing they want 3rd party brokers to stop offering to props.
  • #30,502
  • Feb 14, 2024 9:56am Feb 14, 2024 9:56am
Quoting TrAndy1
As it looks like now with all the info we have. It is crystal clear that MQ will take actions on all props and broker offering services to US residents! So this is a game of time. Time the brokers have to make it clear that they are in line with MQ policies. Otherwise they are risking more losses than any actions before this event happens. So any broker should at least stop offering services to props who do not say that they do not accept any US residents. As first step. Second escalation would be for the broker to stop all services to any prop....
MQ is shooting on their own foot by terminating broker licenses. They are a criminal organization with no interest regarding the damage they can be inflicting on their clients.
  • #30,503
  • Feb 14, 2024 10:01am Feb 14, 2024 10:01am
To be clear, MQ isn’t blocking the US. Rather they are blocking firms that are not registered properly to operate on US soil.
Trade with confidence, trade without fear.
  • #30,504
  • Feb 14, 2024 10:06am Feb 14, 2024 10:06am
It seems to me there was a deadline on 12th February for Blackbull to make it clear that they are not offering or stop offering services to US residents. Either they needed to put their own hands into fire that they make sure no prop firm is offering services with Metatrader to US residents OR stop offering services to prop firms.

It also seems to me that there must have been a discussion going on between CEO and MQ headquarter and maybe some dispute. So after the deadline MQ made just the worst case happening for BlackBull. They are probably also out of the game now as broker too. Hard to imagine they will do it as comeback with different platforms.
  • #30,505
  • Feb 14, 2024 10:10am Feb 14, 2024 10:10am
Quoting TrAndy1
It seems to me there was a deadline on 12th February for Blackbull to make it clear that they are not offering or stop offering services to US residents. Either they needed to put their own hands into fire that they make sure no prop firm is offering services with Metatrader to US residents OR stop offering services to prop firms. It also seems to me that there must have been a discussion going on between CEO and MQ headquarter and maybe some dispute. So after the deadline MQ made just the worst case happening for BlackBull. They are probably also...
MQ doesn't operate the same way as normal western companies would.
  • #30,506
  • Feb 14, 2024 10:10am Feb 14, 2024 10:10am
Also the actual communication from each broker we know that they have a lot of prop firm exposure is below earth. At least roundmail what is going on with MQ should inform all customers. Because if they have no MQ license as broker too, then all their brokerage customers are affected too. And you cannot do that without prior warning or communication, when traders have some big positions in the middle of any trades!
  • #30,507
  • Feb 14, 2024 10:13am Feb 14, 2024 10:13am
Quoting TraderTero
{quote} MQ is shooting on their own foot by terminating broker licenses. They are a criminal organization with no interest regarding the damage they can be inflicting on their clients.
The brokers that serve props are small & inconsequential... Meta is not cancelling Tick mill, IC markets, CMC, IG group, Gain, Oanda or FXCM licenses, nor is there any reason to as they all comply with us regulations.
  • #30,508
  • Feb 14, 2024 10:20am Feb 14, 2024 10:20am
Quoting Desbinary
{quote} Hello YoungD; I trust you are well. Please receive confirmation that your wait might not be as long as you think/thought. This is since I am unsure whether you had a look at The Company Called, "Crypto Fund Trader" As a Crypto aficionado myself due to its stupendous advantages over FIAT, I am also keen for the realization of your aspiration. This Company provides their Wallet numbers which publicly shows their "Reserve of Funds". I am unwilling to speculate as to whether said Proof of Funds is authentic or another Set of Emporer's New Clothes....
This rule is stupid and disqualify this company for me.What they saying if u got buy long-term I'm usdjpy which is in uptrend since months and you open buy usdcad they might say it's wrong and not pay. Markets are correlated and this could be use as excuse to pay. But thank you for info
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  • #30,509
  • Feb 14, 2024 10:21am Feb 14, 2024 10:21am
Also I would say you can forget the idea to trade with cTrader. They are very selective. Lots of brokers and props have been advertizing this as upcoming NEW platform. But they do not get it for years and also cTrader cannot have US customers and they make sure that this is the case. And DXTrade nobody wants to trade with. So without Metatrader it will be difficult either as broker or as prop firm. You need to offer what customers wants to trade with or they just go the competitors who can.
  • #30,510
  • Feb 14, 2024 10:21am Feb 14, 2024 10:21am
I have said it once before. I will say it one more time and thats it. If you think that going to a company offering thinkmarkets is going to help you bypass what is coming you are making a mistake. Avoid. If you are US and want to take the risk, do with someone who uses a platform like dxtrade or whatever other platforms there are. Tradingview is not an option as it uses metatrader in the backend, its just a gui. Dxtrade for now seems the most safe candidate to avoid the regulations but i don't recommend any of the above to any US resident. It only will lead to problems I think until things are clearer.
  • #30,511
  • Feb 14, 2024 10:30am Feb 14, 2024 10:30am
Quoting Cryptosurf
To be clear, MQ isn’t blocking the US. Rather they are blocking firms that are not registered properly to operate on US soil.
Which are probably most of forex brokers, no ?

I'm just thinking that this may be much beyond props and get spread to all brokers like tradersway, LQDFX, ICMarkets, coinexx, preventing them from working with US.
  • #30,512
  • Feb 14, 2024 10:33am Feb 14, 2024 10:33am
Quoting youngD
{quote} This rule is stupid and disqualify this company for me.What they saying if u got buy long-term I'm usdjpy which is in uptrend since months and you open buy usdcad they might say it's wrong and not pay. Markets are correlated and this could be use as excuse to pay. But thank you for info {image}
Another fantastic rule. I truly believe that prop people are either morons or know nothing about trading. Mostly likely both.
  • #30,513
  • Feb 14, 2024 10:35am Feb 14, 2024 10:35am
Quoting Takisd
I have said it once before. I will say it one more time and thats it. If you think that going to a company offering thinkmarkets is going to help you bypass what is coming you are making a mistake. Avoid. If you are US and want to take the risk, do with someone who uses a platform like dxtrade or whatever other platforms there are. Tradingview is not an option as it uses metatrader in the backend, its just a gui. Dxtrade for now seems the most safe candidate to avoid the regulations but i don't recommend any of the above to any US resident. It only...
Sounds that US people will have the choice of trading in an horrible platform or ending up in tradelocker, a scammer's platform
  • #30,514
  • Feb 14, 2024 10:37am Feb 14, 2024 10:37am
It amazes me that after all these years of meta-trader dominance, nothing else has surfaced to give it a run for its money.
  • #30,515
  • Feb 14, 2024 10:48am Feb 14, 2024 10:48am
Quoting woody70
It amazes me that after all these years of meta-trader dominance, nothing else has surfaced to give it a run for its money.
the problem is Meta has very strong platform walled garden customer lockin like Apple... it's not easy for alot of folks to switch that depend on custom/paid order management systems, indicators, trade copiers & meta api coded trading systems ect.
  • #30,516
  • Feb 14, 2024 10:52am Feb 14, 2024 10:52am
Lots of negative news going on for US residents.
Those who make a living with trading income need to shift to Canada and trade from there.
Show Canadian residency though you are US citizen
Intraday only.
  • #30,517
  • Feb 14, 2024 10:57am Feb 14, 2024 10:57am
Quoting navk
Lots of negative news going on for US residents. Those who make a living with trading income need to shift to Canada and trade from there. Show Canadian residency though you are US citizen
US traders are persona non grata as long they hold a US passport, renouncing is the only way out.
  • #30,518
  • Feb 14, 2024 10:59am Feb 14, 2024 10:59am
Quoting CableJ
{quote} US traders are persona non grata as long they hold a US passport, renouncing is they only way out.
US citizens can live in Canada and as well as Canadian citizens can live in the US. It is legal.
By trade agreement.
Intraday only.
  • #30,519
  • Feb 14, 2024 11:00am Feb 14, 2024 11:00am
Quoting CableJ
{quote} US traders are persona non grata as long they hold a US passport, renouncing is the only way out.
Residency is the key word, not citizenship
  • #30,520
  • Feb 14, 2024 11:02am Feb 14, 2024 11:02am
US citizens can open bank account in Canada for address proof. Take driver licence for ID
Intraday only.
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