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  • #31,061
  • Feb 19, 2024 7:45am Feb 19, 2024 7:45am
Quoting DeltaCapital
{quote} I dont think it will not allow, futures prop firms are not the problem, the problem here is offering CFDs to US clients, if Oanda wants they can offer prop firm to US clients
Why haven't they offered yet?
  • #31,062
  • Edited 7:59am Feb 19, 2024 7:48am | Edited 7:59am
The opposite list of prop firms which do not allow US residents is short: FTMO, Audacity, FP, TFF, FE and 5ers.
I think these props are more trustworthy as they have things sorted out already, when they are finished.
  • #31,063
  • Feb 19, 2024 7:57am Feb 19, 2024 7:57am
Update from TFF :

We can gladly confirm our relaunch for this week!

The past couple of weeks have been nothing but hard work from our dedicated team of professionals to provide solutions for the current situation, and now, we can happily assure you that everything is going according to plan.

At True Forex Funds we have always sought providing the best service possible to our community of loyal traders, and our goal was and still is to be the best prop firm in the industry and what happened recently was nothing but a bump on our road to success.

As mentioned in previous announcements, we will be relaunching with cTrader for now, and our team has worked restlessly to provide you with the best trading experience on this platform, which is a challenging task to finish in a such short period of time.

In the upcoming days, our website will accessible again and you will be able to access your dashboards to request the migration of your ongoing accounts to cTrader.

We will have more good news coming in the upcoming days as well, so stay tuned!

The whole team of True Forex Funds appreciate your loyalty to our firm and your patience with us during these tough times will not go unrewarded.

We are looking forward to a bright future with you.

Richard Nagy
CEO
Intraday only.
  • #31,064
  • Feb 19, 2024 7:59am Feb 19, 2024 7:59am
How someone can shift to dubai for forex trading mainly and for prop firm trading??
Can someone share the blueprint for it??
What we have to do to live in dubai, what are the costs, what are the requirements etc etc??
  • #31,065
  • Feb 19, 2024 8:03am Feb 19, 2024 8:03am
Quoting ArtStep
{quote} Why haven't they offered yet?
Maybe because this is not as easy as we think, its a new thing and they already launched their prop firm but dont accept US traders yet
  • #31,066
  • Feb 19, 2024 8:05am Feb 19, 2024 8:05am
Quoting TrAndy1
The opposite list of prop firms which do not allow US residents is short: FTMO, Audacity, FP, TFF, FE and 5ers. I think these props are more trustworthy as they have things sorted out already, when they are finished.
Agree 100%. I would AVOID the ones still onboarding new US clients and ONLY join the above.
The ones accepting will need to keep running and dodging....funny those are all of the ones that should never have existed in the first place.
  • #31,067
  • Feb 19, 2024 8:06am Feb 19, 2024 8:06am
Quoting genuine007
How someone can shift to dubai for forex trading mainly and for prop firm trading?? Can someone share the blueprint for it?? What we have to do to live in dubai, what are the costs, what are the requirements etc etc??
Its only worth if you make alot of money, because you will spent money on visa, rent cost of living ect, but you will save alot in taxes, but only if you make a good amount is worth paying the expenses to live there
  • #31,068
  • Feb 19, 2024 8:10am Feb 19, 2024 8:10am
Quoting TrAndy1
The opposite list of prop firms which do not allow US residents is short: FTMO, Audacity, FP, TFF, FE and 5ers. I think these props are more trustworthy as they have things sorted out already, when they are finished.
Lux has also banned US traders
  • #31,069
  • Feb 19, 2024 8:12am Feb 19, 2024 8:12am
Quoting DeltaCapital
{quote} Its only worth if you make alot of money, because you will spent money on visa, rent cost of living ect, but you will save alot in taxes, but only if you make a good amount is worth paying the expenses to live there
No, at present I am not even profitable.
Yeah Dubai is like favorite country for traders.
May be in future when I finally crack the code and cover all my losses and made a hefty amount then I will try to move to dubai
It will incur a lot of expenses offcourse, I will make analysis how much is my average income from trading, how much tax can be saved if move to dubai, less expenses of living in dubai.. if the next amount comes positive and good then we can think of settling in dubai otherwise, its of no use if no savings coming in our calculations
  • #31,070
  • Feb 19, 2024 8:16am Feb 19, 2024 8:16am
I think the US based props are the last ones who do not accept any US residents, as they are on American ground. So here as US resident joining E8 should be best. You can still make a some quick payouts with them I think. Maybe the last chance here.
  • #31,071
  • Feb 19, 2024 8:16am Feb 19, 2024 8:16am
Quoting genuine007
{quote} No, at present I am not even profitable. Yeah Dubai is like favorite country for traders. May be in future when I finally crack the code and cover all my losses and made a hefty amount then I will try to move to dubai It will incur a lot of expenses offcourse, I will make analysis how much is my average income from trading, how much tax can be saved if move to dubai, less expenses of living in dubai.. if the next amount comes positive and good then we can think of settling in dubai otherwise, its of no use if no savings coming in our calculations...
Yes, no need to move if you're not profitable. Matter of fact, this US ban on props is actually good for the non profitable. Although I'm sure they will find another avenue to throw their money away.
  • #31,072
  • Feb 19, 2024 8:22am Feb 19, 2024 8:22am
Quoting TrAndy1
I think the US based props are the last ones who do not accept any US residents, as they are on American ground. So here as US resident joining E8 should be best. You can still make a some quick payouts with them I think. Maybe the last chance here.
I wouldn't recommend, unless you are going high risk and trying to pass in 1 or 2 trades. Otherwise, the normal amount of time to pass 2 stages and reach a profit.....these firms will be long gone.
  • #31,073
  • Feb 19, 2024 8:26am Feb 19, 2024 8:26am
Thinkmarkets just sent notice to ban US traders.

Its over.
  • #31,074
  • Feb 19, 2024 8:26am Feb 19, 2024 8:26am
Quoting pipmaster77
{quote} Yes, no need to move if you're not profitable. Matter of fact, this US ban on props is actually good for the non profitable. Although I'm sure they will find another avenue to throw their money away.
Spending on props or brokers is the same, its like a gambling addiction, even in countries were is not allowed to gamble they always find crypto casinos to gamble
For me i want prop firms to stay, for who is consistent and profitable is amazing, me personally as long as prop firms stay alive i will not have a deposit broker, i only have ic markets and its because i like ctrader more and use it as master to copy to other prop firms
  • #31,075
  • Feb 19, 2024 8:29am Feb 19, 2024 8:29am
I advice US traders to stick to futures prop firms, as those forex prop firms accepting US clients will be the first to go as they dont understand no matter what platform or thing they use to accept US traders, as long as they offer CFDs is not allowed and will be always running for a solution, maybe in next months futures prop firms will have more competition and offer better conditions like happened in the forex prop firm industry
  • #31,076
  • Feb 19, 2024 8:30am Feb 19, 2024 8:30am
Quoting Takisd
Thinkmarkets just sent notice to ban US traders. Its over.
Takisd you that would know more about it than anyone here, what you think is preventing Oanda labs trader from accepting US traders as they have license and offer Forex instead of Forex CFDs ect?
  • #31,077
  • Feb 19, 2024 8:32am Feb 19, 2024 8:32am
Quoting DeltaCapital
{quote} Spending on props or brokers is the same, its like a gambling addiction, even in countries were is not allowed to gamble they always find crypto casinos to gamble For me i want prop firms to stay, for who is consistent and profitable is amazing, me personally as long as prop firms stay alive i will not have a deposit broker, i only have ic markets and its because i like ctrader more and use it as master to copy to other prop firms
My exact thoughts for the past 3.5 years.....however, being in the US, looks like back to trading our own money.
  • #31,078
  • Feb 19, 2024 8:34am Feb 19, 2024 8:34am
Quoting genuine007
How someone can shift to dubai for forex trading mainly and for prop firm trading?? Can someone share the blueprint for it?? What we have to do to live in dubai, what are the costs, what are the requirements etc etc??
Why are you thinking of that if all you do is lose money trading if my understanding is correct. Also judging by your english skills you don't live in the us so you won't be banned from props.
  • #31,079
  • Feb 19, 2024 8:35am Feb 19, 2024 8:35am
Quoting DeltaCapital
{quote} Takisd you that would know more about it than anyone here, what you think is preventing Oanda labs trader from accepting US traders as they have license and offer Forex instead of Forex CFDs ect?
Probably the same reason PAMM and MAMM accounts are also prohibited in the US. Could also just be the fact that nobody views the reward as worth the ........ah, never mind.
  • #31,080
  • Feb 19, 2024 8:38am Feb 19, 2024 8:38am
Quoting Takisd
Thinkmarkets just sent notice to ban US traders. Its over.
Do you have any source of that ?
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