The STP had shown that quoting and execution was worse than MFF his own datafeed. So bad or unfair trading conditions from MFF side is garbage. BUT the traders all traded on FX prop firms CFDs with over 50:1 leverage, so that is not allowed for all ...

Prop Firm Hub

It feels like playing around the B-Booking business from FX brokers. Which I heard is a $20 billion (!) business per year. So MFF and Co. only had less than 5% of that juicy cake.

Prop Firm Hub

My opinion is, the brokers have outsourced the prop firm business, because there are legal risks involved. (which now comes true with CFTC as first regulator)

Prop Firm Hub

What does IC Markets or any larger FX broker did not step in so far ? Ask this yourself ? Are there any legal burdens or issues ? Why did 8cap and other broker who does support the prop firm business have not overtaken the whole prop firm business ...

Prop Firm Hub

Why does not 8cap as FX broker who has regulations steps in, and does directly that prop firm business ? Reason, they fear regulation and a kind of license to be needed which is not included in their actual brokerage license. Otherwise all brokers ...

Prop Firm Hub

I do not think so. MFF T&C does not count here. Traders paid for a program, in reality they were like Investors who tried to make a profit with a payout after the evaluation. It looks like they are investors because it could be also on FX brokerage ...

Prop Firm Hub

Just ask yourself where in the world you can take $300 million as money from anyone without any required license or regulation to do so ? Nowhere, maybe very offshore not. So all props are affected on this. It will take some time maybe until EU and ...

Prop Firm Hub

1) Investor is the trader as challenge fee taker. There are no outside investors except those traders who buy a challenge from prop. That is all the money involved here. 2) With all the pooled money from Investors or Traders here the prop firm is ...

Prop Firm Hub

Not 100% sure. It is grey area as I know. So Bafin in Germany is patient here. But I do not know actual opinion. The thing is that Darwinex is regulated itself. You cannot say this from most/all such prop firms. As I know Zulu requires you to have ...

Prop Firm Hub

The mod in Discord said to me it is allowed AND that he personally is successful with Tick Scalping on their own challenge (or datafeed). What a contradiction and then I left them forever (being banned). Funny!

Prop Firm Hub

When it comes hard to hard, how does it look like for you ? When you ever need to pay back your payouts ? Anyone has got more than 50k or 100k or even 250k in payouts in total from such prop firms ? Not sure how they want to sue in different ...

Prop Firm Hub

Oh no. You are mixing things. If you give money then trader needs to be licensed or you. Point. If any prop is giving you money instead of pure leverage only, they also need to be licensed, so you can take that real money which is foreign money for ...

Prop Firm Hub

I am not sure if evey payout needs to be paid back. This is for classic Ponzi but here you had an effort to do as trader to achieve a payout. So you have your right because you produced gains on a simulator (looking like on real FX broker (maybe ...

Prop Firm Hub

I want to stop here this discussion. I guess it is not fruitfull nor the topic to this thread. But up to 6 months or 1 year everything can work. I said about the longer run.

Prop Firm Hub

Sorry guys. 5ers CEO I guess he is not a good trader. Second his knowledge is not good and I have watched the whole video now. Third, you cannot take someone else his real money and trade on your own with it and that without any license. Only ...

Prop Firm Hub

I never experienced anything kidding or unserious with Bespoke. MY EXPERIENCE with them. I bought 5 $400k accounts and I am fine with them. Can tell you more when I get my first payout in two weeks with them. The only negative point I am watching, ...

Prop Firm Hub

And I asked a simple question in Fundedengineer at Discord and they kicked me out and banned me. What a joke. I am not a customer from them, perhaps they did not know that before. Funny. Because now they do not get my money for sure.

Prop Firm Hub

I got very seldom and strange answers on Fundedengineer in Discord, like the mod is good at tick scalping with their own challenge and such things. Tick scalping does never work on any real FX broker except the datafeed is fraud. Second, Bespoke I ...

Prop Firm Hub

BFP Bespoke

Prop Firm Hub

yeah, I do not know Bespoke in early days only nowadays. They changed some rules I must admit. But last couple of months nothing changed. They are 1 year old now.

Prop Firm Hub