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TrAndy1 replied Oct 21, 2024See that similar, their USP is gone now. Because you need not to make $52600 on $50k funded to get your payout as before. To get $2k payout you need to make now $54600 which is much more work and more difficult of course to achieve aswell you have ...
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TrAndy1 replied Oct 21, 2024Why you cannot trust Vantage prop firm ? Because they entire Vantage broker is only breakeven for years. They can hardly survive, see here url
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TrAndy1 replied Oct 21, 2024Anyone trading with FastTrackTrading and waiting longer for his payout ? Please report here.
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TrAndy1 replied Oct 20, 2024So anyone who is trading with Apex, are the new rules better or make it worse for you ? What is your opinion on that ? They should be effective since today now.
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TrAndy1 replied Oct 20, 2024I get you now. So you are talking about real prop firms who are not registered and they do not require you to have a license ? I mean there are offshore real prop firms, but it depends on the country of course. I was referring to the USA in my ...
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TrAndy1 replied Oct 20, 2024True. For a consistent profitable trader there is no need begging for money through a prop firm. But actually it seems like free money as everyone can get away even he is rug pulling and take all traders money home. They just can take the money from ...
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TrAndy1 replied Oct 20, 2024The only thing what is likely to happen is, that when you ask too many uncomfortable questions such prop firms, you get banned from using them. That is all. Because they have no legal department, most of them. And you are definitely not talking with ...
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TrAndy1 replied Oct 20, 2024You should go the university again to find out what are the current laws. Study some basic laws and you will find out how strict the USA and other countries are. Those props do not care if you win or can make profits, they also do not care if you ...
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TrAndy1 replied Oct 20, 2024The family&friends account is allowed in USA because you stay under radar. You can have 15 friends with up to a sum of $150k max., and this depends on each country. Here in Germany you can have like 3 friends with up to 500k. But anything beyond ...
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TrAndy1 replied Oct 20, 2024This is wrong. I know the laws better because I worked in that industry and had to deal with the national laws all the time for years. If the prop firm is not registered itself as financial advisor or real prop firm, they are not allowed to take ...
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TrAndy1 replied Oct 20, 2024That those stupid prop firms do not get it. They cannot take traders as independent contractors and say later you are gonna be live with third party money. And not saying anything, that this is not allowed in nearly all countries in the world, ...
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TrAndy1 replied Oct 20, 2024Are you forced to Live trading at Apex now ? Because then it does not make sense for a lot of traders. Usually going live means being registered as advisor in your home country otherwise no financial regulator will allow this except you sit in ...
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TrAndy1 replied Oct 20, 2024The 30% profit rule is especially at the beginning stupid. If you have no profits you are not allowed to make any profit. Second after your first day of profit, you are only allowed to make 30% of those profits on the next day ? Did not understand ...
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TrAndy1 replied Oct 20, 2024The latest prop CEO if he makes his dream come true. He is looking for partners right now. He wants a new type of prop firms. See all his videos regarding this topic. He said he has 3 decades market experience and also traded for a hedge fund but ...
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TrAndy1 commented Oct 19, 2024It still takes 1 year to get the rates down to neutral rate. They won't cut more than 50 basis points and it is actually very, very restrictive currently. So even another 100 bps cut over the next 2 meetings is above neutral rate. So it will take ...
Here's why inflation may look like it's easing but is still a huge problem