You as trader can even go to jail if you are not licensed or the prop firm and you take real money for trading from the prop his funds. Not for small money but for big money for sure when it comes to court.

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Ask that for me. I hesitate to write there. I do not think they will see my question nor they will answer properly. But you can try it.

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I only can warn you against 5ers. If regulators step in you need to pay back all your gains and you get your challenge fees also back. Everything is set to ZERO when they come. It is simply not allowed to take any real money as trader without having ...

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And that why 5ers is needed to have a license to do so. Otherwise no traders can take real money. This is simply not allowed in Germany, EU, also USA I think. I have some law knowledge about this financial advisor and prop firm thematic from my own ...

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To make it simple if I give a trader real money to trade then I need to have a license to do so, otherwise it is not allowed. That is in Germany and EU and also in USA and all major jurisdictions. Everytime when real money is involved then a license ...

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You simply cannot have a fund where traders after evaluation can get access to REAL money of this fund WITHOUT any license of this FUND to be allowed to give money to other traders. Then they need a license AND are regulated in all major ...

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The 5ers CEO is naive. He tells us in the youtube stream that their traders are trading real funds. Then you need to be financial advisor and needs a kind of banking license, otherwise it is nowhere allowed. And if they choose an offshore ...

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Euler calculation is the way to do it correctly as I have done it. You are wrong! Second time today! I have a doctor degree in trading and taught finance math at the university and you tell me what ??? My score is definitely CORRECT !!! That Asic ...

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Jeez, you cannot calculate at all. I have made here excel sheets to calculate the score. Meaning score less than 1 means that scaling on personal account is BETTER!

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No, because you need to have an edge first. Otherwise you can only minimze losses, so best solution is then NOT to trade. You cannot figure out when autocorrelation is working or not, or when the market is repeating price action or not. Sometimes it ...

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Their offer is fraud. You pay full drawdown of account size as fee. There is score less than 1 meaning you pay more than what you get there. Forget it.

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Which telegram channels ?

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NO !!!!

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It is not a Ponzi as I said. Because you cannot say based on statistics they do a Ponzi or like. There is an evaluation like having an exam or milestone you need to achieve first. That a lot of people fail is based on the 90/90/90 rule and that is ...

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No, not in the long run, only in the short run. And then you got payouts based on luck only. That is why it is banned and I find it very acceptable. And I have experience with both strategies (10 or more years ago). So I know about what I speak.

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Cannot say this and I am watching their Discord. They do not ban people except for those who cheated and then ask in Discord stupid questions. I have seen this many times. Critics is very possible, there is a suggestions feature built-in, so any ...

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Martingale and Grid strategies are loosing strategies, so forbidding to do so, is fine from the prop firm side. I cannot say anything bad about that. But in addition you cannot do a lot of scalping with them. The reason is, they cannot copy to ...

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First, I am not on telegram, only look at Discord. The CEO has much to do, there is work for him. So cannot say anything about critics, but for me he seems knowledgable. And they have a huge suggestions thread on Discord where you can tell them your ...

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Could you say more ? Martingale means you added while being in a loss position. You can have two positions regardless of it. If you build up your positon and do not scale in you have a problem with them. But otherwise not. You cannot fail if you ...

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I like Bespoke (BFP), it is UK based and they want to add a layer to offshore jurisdisction to be sure. Anything bad about this firm we know ? Because for me they are very fine with good rules and conditions and very good prices with huge discounts.

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