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TrAndy1 replied Oct 26, 2023I know exactly that these props are casinos. But they also have no gaming license to do so. In Europe it is regulated to have such a gaming license. Also I think elsewhere too. But again only the intention to say they are EVENTUALLY doing A-booking ...
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TrAndy1 replied Oct 26, 2023And as I go forward in this thought, I do not think you as trader would need kind of financial license to overcome the license shortage of the prop firm. Because you know that nearly all or all is done over b-booking. So the chance that any of your ...
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TrAndy1 replied Oct 26, 2023I cannot say more, it is just my opinion as I am not lawyer nor I am involved in the CFTC vs. MFF case. What I can say for sure is, that when real money is involved and real money invested it means there is legal license required from you or from ...
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TrAndy1 replied Oct 26, 2023which twitter trader and what kind of size of payout ? When was that too ?
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TrAndy1 replied Oct 26, 2023You need to autotranslate on that link. This comes from the former finance minister who is now the cancellor. So stupid...german madness from the most powerful one... url
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TrAndy1 replied Oct 26, 2023If you do not fight against court you will pay taxes on that 980k "gains". So in case you do not pay all taxes you can go to jail rightafter. So everyone is forced to claim...
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TrAndy1 replied Oct 26, 2023Yeah, this is as private person. If you have a business and trade as company you can deduct everything. But as private you can only deduct 20k except stocks & Forex.
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TrAndy1 replied Oct 26, 2023But any losses in cash like stocks or Forex can be deducted unlimited. You see what a joke the legislation in Germany is. Those (some) politicians behave like children.
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TrAndy1 replied Oct 26, 2023There is still the ridiculous law that is forbidden to deduct any more than 20k losses from derivatives like Futures or CFDs, or Options. So in case you made 150k gains and 100k losses here you can only deduct 20k losses from your 150k gain, so you ...
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TrAndy1 replied Oct 26, 2023On FX A-booking of retail brokers or props it is just mitigating of bigger b-booking book, that is all. It is still b-booking just at greater scale (more parties are involved).
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TrAndy1 replied Oct 26, 2023It is strait away mentioned on their website on FAQ. See below. Can confirm the refund is with the 4th payout. image
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TrAndy1 replied Oct 26, 2023We all know more at Monday next week at 6th of November when the MFF vs. CFTC hearing is. It depends much if MFF can continue in a way or is completely off table.
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TrAndy1 replied Oct 26, 2023You are dead wrong. Such prop firms existed since 1998 at least. This industry is over 25 years old. First there were Future props with additional capital especially because for the high margins the exchange demanded. So there was a need. Nowadays ...
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TrAndy1 replied Oct 26, 2023If you do not admit errors in trading too you are at the wrong place and you should not trade at all. There is no 100% winning strategy. Same is bets on props. I was wrong with my initial impression at Bespoke. But it is not that big error because I ...
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TrAndy1 replied Oct 26, 2023FTMO is safe. There is no near regulation coming for FTMO. Actually the safest option to join any prop right now.
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TrAndy1 replied Oct 25, 2023FTMO score is best at 3.1 for the $200k challenge offer. Now you can compare all the other offers. A score at ~6 is nearly as double as good in value than FTMO offer.
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TrAndy1 replied Oct 25, 2023Another comparison the actual promo code of "SOCIAL20" at FXIFY makes their offer really attractive. Their score goes up to nearly 5 for the $400k, which is very good!
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TrAndy1 replied Oct 25, 2023Just as comparison the actual 25% discount with "CTRADER25" promo code for ACG makes it really attractive. The score goes up here to 5.8 which is excellent good !
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TrAndy1 replied Oct 25, 2023Anyone having good or bad experience with E8Funding ? They are in the US based so do not know whether it is worth or not. But from all US props they look best or ? Their new extended offer with a 10% discount which is available everywhere makes it ...
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TrAndy1 replied Oct 25, 2023So those rules have MFFX, FE, BG, FN. Just as a warning. Usually it is possible on different IPs to identify whether it is you that traded or somewhere else. Maybe they could check hardware configuration or MAC address if a different PC is involved ...
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