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  • #33,641
  • Mar 29, 2024 11:05am Mar 29, 2024 11:05am
Quoting maltrader
{quote} For me, the trailing drawdown is the killer. Need to use the TP to take profit on the way up. You don't want it going up and down again until it becomes static. I would suggest Bulenox because it has 90% off and no consistency rule. It's an Apex clone basically, with more discounts daily. Drawback is that it needs 5 trading days to complete the eval versus Apex with their 1 day passing promos. Bulenox also supports Rithmic only, I think, but Rithmic with Quantower allows you to copy trade across multiple firms that use Rithmic (i haven't...
How many account Bulenox allow ? I have 20 in Apex so I'm not willing to invest a lot of time just to manage 1 or 2 account. I would rather have several in just another prop and be able to copy.
  • #33,642
  • Mar 29, 2024 11:08am Mar 29, 2024 11:08am
Quoting pipmaster77
{quote} Really? Please explain...
No logic but the way apex is growing and behaving is similar to MyForexFunds (never deny payouts however still people think it was scam but it was best prop firm ever). Any online prop firm is threat to existing brokers. Sooner or later they will form cartel and catch them just like what they did for MyForexFunds.
  • #33,643
  • Mar 29, 2024 11:09am Mar 29, 2024 11:09am
Quoting sampat
{quote} I believe this will extend to futures prop firms too. I am getting same vibe MyFF used to get for APEX.
We have already an artist (MFFx futures) denying payments (difficult to drop old habits), which is nice for the regulators to start receiving claims about this circus.

And for sure more con artist will arrive to the futures arena.
  • #33,644
  • Mar 29, 2024 11:10am Mar 29, 2024 11:10am
Quoting Takisd
It won't be long till we can assume that its safe to buy evaluation prop challenge mega millions again. Give it a few weeks, we will know. For US - maybe need to wait longer. When the time is right, I will jump in and keep informed here. Most likely first stop will be FTMO once again.
Care to explain or not yet.
I would say that you are refering to except letters but I would expect that to be in US and you are specifically saying that US mat take longer.
  • #33,645
  • Mar 29, 2024 11:10am Mar 29, 2024 11:10am
Quoting Capablanca
{quote} How many account Bulenox allow ? I have 20 in Apex so I'm not willing to invest a lot of time just to manage 1 or 2 account. I would rather have several in just another prop and be able to copy.
3 at a time. Once you pass withdrawal threshold (or drawdown becomes static) you can add additional account (with a max of 11)
  • #33,646
  • Mar 29, 2024 11:11am Mar 29, 2024 11:11am
As expected IC Funded will not accept traders from the United States, Australia, Canada, and Hong Kong.
  • #33,647
  • Mar 29, 2024 11:34am Mar 29, 2024 11:34am
Quoting Capablanca
{quote} Care to explain or not yet. I would say that you are refering to except letters but I would expect that to be in US and you are specifically saying that US mat take longer.
A few props will move offshore offshore. Not the whole "we are grey area" offshore and they will become somewhat safe for a longer period. I am sort of expecting this from FTMO too as there is a push from EU regs to get the model out.

I dont think anyone will get no action letters at least not proper ones. Regulators don't like giving them to begin with as it exempts people from prosecution to some extent.

My guess here is that a bunch of platforms will pop up (non metatrader) and offer the same business but entirely offshore. The vendor fees will be awful but its managable. But the rinse repeat scam cycle will continue.
  • #33,648
  • Mar 29, 2024 11:38am Mar 29, 2024 11:38am
Quoting KarlKraus
{quote} The three best, most reliable and most honest (by far) are TradeDay, Topstep and Earn2Trade. The one to keep away from is Apex.
lmao, go away dude.
A snails pace wins the race :-)
  • #33,649
  • Mar 29, 2024 11:41am Mar 29, 2024 11:41am
Quoting montygoldy
{quote} I think tradovate is the way going forward for me. Coz i am a mac user and apex website says ninja n other Are not available directly on mac. Yesterday saw some basic apex videos. Monday will purchase some 50k account n see how it goes. I am planning for 2-3 accounts in first go to test the copier as well… Any tips or things to keep in mind
I use Tradovate’s web trader. I’ve had no problems with their built in copy trader.

i was using the NT desktop application but it lagged. Tradovate is lightning fast.
A snails pace wins the race :-)
  • #33,650
  • Mar 29, 2024 12:01pm Mar 29, 2024 12:01pm
This guys face is not unfamiliar for me, do anyone knows him?
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  • #33,651
  • Mar 29, 2024 12:11pm Mar 29, 2024 12:11pm
Quoting Novazor
Takisd your desire as come true IC Markets launched prop firm https://www.financemagnates.com/fore...ding-offering/ https://icfunded.com/
This is big. Just what the industry need at this point.
  • #33,652
  • Mar 29, 2024 12:21pm Mar 29, 2024 12:21pm
Quoting TraderTero
{quote} This is big. Just what the industry need at this point.
I think prop firms are here to stay atleast for the rest of the world, brokers are seeing prop firms are in demand by traders and more brokers will start to jump in the industry atleast offshore
  • #33,653
  • Mar 29, 2024 12:27pm Mar 29, 2024 12:27pm
Quoting Novazor
{quote} I think prop firms are here to stay atleast for the rest of the world, brokers are seeing prop firms are in demand by traders and more brokers will start to jump in the industry atleast offshore
Whats the point in having prop firm if you don't include north America. Most of the signups are from these area because of shitty rules. The demand of prop firm is because of low leverage and worst spreads. If you don't believe see how forex prop firm industry is crumbling like binary options few years back.
  • #33,654
  • Mar 29, 2024 12:29pm Mar 29, 2024 12:29pm
Quoting sampat
{quote} Whats the point in having prop firm if you don't include north America. Most of the signups are from these area because of shitty rules. The demand of prop firm is because of low leverage and worst spreads. If you don't believe see how forex prop firm industry is crumbling like binary options few years back.
I dont agree with you, US yes is a good part of the revenue, but worldwide traders prefer do a challenge then depositing in a forex broker, forex brokers are seeing this and they just filling the demand
  • #33,655
  • Mar 29, 2024 12:31pm Mar 29, 2024 12:31pm
Offcourse the industry is filled with kids CEOs that dont know how to manage a business, TFT fall was a mismanagement and greed by the owner, he didnt want to lose revenue and started denying payouts, in this industry when you stop paying your are done since props are based in reputation
  • #33,656
  • Mar 29, 2024 12:35pm Mar 29, 2024 12:35pm
Quoting Novazor
{quote} I dont agree with you, US yes is a good part of the revenue, but worldwide traders prefer do a challenge then depositing in a forex broker, forex brokers are seeing this and they just filling the demand
Well not anymore
  • #33,657
  • Mar 29, 2024 12:37pm Mar 29, 2024 12:37pm
Quoting HengkiTjen
If you guys looking for prop firm Funded engineer is your first choice I been trading with them almost 1 years never been issue Payout on-time
What platforms they use?
  • #33,658
  • Mar 29, 2024 12:41pm Mar 29, 2024 12:41pm
Quoting Novazor
Offcourse the industry is filled with kids CEOs that dont know how to manage a business, TFT fall was a mismanagement and greed by the owner, he didnt want to lose revenue and started denying payouts, in this industry when you stop paying your are done since props are based in reputation
The end result with the US/CFTC "regulation" will be that US traders will be forced to use the less reliable props, so in reality it makes the US traders worse off compared to traders from most other countries.
  • #33,659
  • Mar 29, 2024 12:45pm Mar 29, 2024 12:45pm
Quoting Novazor
Offcourse the industry is filled with kids CEOs that dont know how to manage a business, TFT fall was a mismanagement and greed by the owner, he didnt want to lose revenue and started denying payouts, in this industry when you stop paying your are done since props are based in reputation
Ive seen a little bit of info. It looks like the removal of metatrader killed easton. The revenues fell like 80+% post Metatrader removal and the liabilities increased a lot without being paid.
  • #33,660
  • Mar 29, 2024 12:48pm Mar 29, 2024 12:48pm
Quoting TraderTero
{quote} The end result with the US/CFTC "regulation" will be that US traders will be forced to use the less reliable props, so in reality it makes the US traders worse off compared to traders from most other countries.
Yes its the same as the unregulated brokers, regulation is good but not in excess, but the thing with US is that CFDs are banned by them so i still wanna see what treatment futures prop firms will have
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