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  • #33,661
  • Mar 29, 2024 12:50pm Mar 29, 2024 12:50pm
Quoting Takisd
{quote} 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.
I dont thing it was only that, TFT was a rabbit in a cage just waiting to be killed, fundedengineer for example got removed from FPTX and was down some weeks and managed to come up and they survived, for other hand TFT just promising new thing new dashboard new website new platforms ect and nothing, i think Angelo was just at this point getting some time to rugpull because of his bad management
  • #33,662
  • Mar 29, 2024 12:52pm Mar 29, 2024 12:52pm
Trueforexfunds managed to come back up from difficult situation too they were removed from metaquotes and only have ctrader, but they had money in their bank to support the bad time and wanted to last in the industry in the other hand Angelo just wanted to safeguard the bank he already made and only pay traders with future fees offcourse he did that in the turmoil of metaquotes ect and bangg he got clapped
  • #33,663
  • Mar 29, 2024 1:03pm Mar 29, 2024 1:03pm
Quoting Novazor
{quote} I dont thing it was only that, TFT was a rabbit in a cage just waiting to be killed, fundedengineer for example got removed from FPTX and was down some weeks and managed to come up and they survived, for other hand TFT just promising new thing new dashboard new website new platforms ect and nothing, i think Angelo was just at this point getting some time to rugpull because of his bad management
Mismanagement sure. But when your revenues drop 80% from Day 1 to day 2 and stays down most likely you dead regardless of how well you are managed.

SFT for example ran 50% off coupons until death. But still couldnt get their revenue to budge
  • #33,664
  • Mar 29, 2024 1:06pm Mar 29, 2024 1:06pm
Quoting Takisd
{quote} Mismanagement sure. But when your revenues drop 80% from Day 1 to day 2 and stays down most likely you dead regardless of how well you are managed. SFT for example ran 50% off coupons until death. But still couldnt get their revenue to budge
Yes but dont you think that those firms dont make enough profit in the pass that could pay for this bad time? i think yes we know how lucrative prop firms are, even more then forex brokers
  • #33,665
  • Mar 29, 2024 1:06pm Mar 29, 2024 1:06pm
I think Angelo just has stacked a good money in crypto or in a 3rd world country
  • #33,666
  • Mar 29, 2024 1:08pm Mar 29, 2024 1:08pm
I hope ACG stays in the game. They look good for now and I am about to buy 100K for "diversification"
Don't give up on your dreams. Keep sleeping.
  • #33,667
  • Mar 29, 2024 1:17pm Mar 29, 2024 1:17pm
Quoting Artcool
I hope ACG stays in the game.
It’s extremely unlikely. They’re doing wrong exactly what got MFF into such trouble, and are dishonest crooks in exactly the same ways that MFF were.

ACG and Axi Select are surely two of the highest-risk ones, right now.
  • #33,668
  • Mar 29, 2024 1:41pm Mar 29, 2024 1:41pm
Quoting Novazor
{quote} Yes but dont you think that those firms dont make enough profit in the pass that could pay for this bad time? i think yes we know how lucrative prop firms are, even more then forex brokers
there are very few firms not giving it all away to FPFX and the brokers/bridges/platforms. MFF was one FTMO is another 5ers. Now we see the trend. I believe FE is now there too.
  • #33,669
  • Mar 29, 2024 1:52pm Mar 29, 2024 1:52pm
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.
Exactly. So the fake "regulation is there to protect the trader" actually has the opposite outcome.
  • #33,670
  • Mar 29, 2024 1:53pm Mar 29, 2024 1:53pm
Quoting Takisd
{quote} there are very few firms not giving it all away to FPFX and the brokers/bridges/platforms. MFF was one FTMO is another 5ers. Now we see the trend. I believe FE is now there too.
Alot of brokers CRM ect providers are offering prop trading services like brokeree and others
  • #33,671
  • Mar 29, 2024 1:57pm Mar 29, 2024 1:57pm
Quoting Novazor
{quote} Alot of brokers CRM ect providers are offering prop trading services like brokeree and others
Yes but these solutions come at a cost.
  • #33,672
  • Mar 29, 2024 2:15pm Mar 29, 2024 2:15pm
Quoting Quickly
{quote} It’s extremely unlikely. They’re doing wrong exactly what got MFF into such trouble, and are dishonest crooks in exactly the same ways that MFF were. ACG and Axi Select are surely two of the highest-risk ones, right now.
How is AxiSelect high risk?
There's no challenge fees. You open an account of at least $500 and trade your own money...
if you lose 10%, you still have 90% left. You can withdraw it, trade it outside AxiSelect, or start again with AxiSelect as long as it's over $500.
  • #33,673
  • Mar 29, 2024 4:24pm Mar 29, 2024 4:24pm
ICFunded will have ctrader aparently
https://app.icfunded.com/
  • #33,674
  • Mar 29, 2024 4:45pm Mar 29, 2024 4:45pm
Quoting Novazor
ICFunded will have ctrader aparently https://app.icfunded.com/
And fpfx it appears. bad luck.
  • #33,675
  • Mar 29, 2024 4:54pm Mar 29, 2024 4:54pm
Quoting Takisd
{quote} Yes but these solutions come at a cost.
And, once relatively low minimums are met, all scale up and down.

The reason TFT and others have gone down is nothing to do with their commercial arrangements, it's because they designed stupid programs with fine margins and didn't keep enough cash in the business to deal with the lagging effect of payouts not reducing for a while after evaluation fees do. The large increase in cheating / abuse that happened Q3 last year onwards won't have helped, either.
  • #33,676
  • Mar 29, 2024 5:03pm Mar 29, 2024 5:03pm
There also seems to be some confusion with 'letters of no action' and regulators. Take the FCA - you don't go and ask them for one. You can only get one if they investigate you and no further action is taken.
  • #33,677
  • Mar 29, 2024 5:10pm Mar 29, 2024 5:10pm
Quoting PropDude1234
There also seems to be some confusion with 'letters of no action' and regulators. Take the FCA - you don't go and ask them for one. You can only get one if they investigate you and no further action is taken.
No one has any no action letter of any kind. The best anyone has is a nod that for now there wont be action against them.
  • #33,678
  • Mar 29, 2024 5:14pm Mar 29, 2024 5:14pm
Quoting Takisd
{quote} No one has any no action letter of any kind. The best anyone has is a nod that for now there wont be action against them.
Nok was under the impression Alpha (I believe) did. Whether he was right or not is another matter.
  • #33,679
  • Mar 29, 2024 5:18pm Mar 29, 2024 5:18pm
Quoting Takisd
{quote} And fpfx it appears. bad luck.
I think they have the same CRM or dashboard has icmarkets but yeah they must have some fpfx tech for sure
  • #33,680
  • Mar 29, 2024 6:59pm Mar 29, 2024 6:59pm
Quoting Takisd
{quote} No one has any no action letter of any kind. The best anyone has is a nod that for now there wont be action against them.
Alpha mentioned something they but I'm not sure what was it (and if that was true)
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