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TrAndy1 replied Sep 2, 2023A) Pooling money from business friends also needs to be registered. You cannot get out of this so easily at all. B) I think so that is okay, but the prop itself needs to be registered, then as customer/trader you would need to buy 1 share you just ...
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TrAndy1 replied Sep 2, 2023I guess someone will organize a collective scheme or claim against MFF to get back all the challenge fees from the purchasers. That can happen right after 9/11. And if MFF cannot pay back the responsible people at MFF there will probably go to jail. ...
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TrAndy1 replied Sep 2, 2023Yes, 135000 challenge purchasers spent ca. $310 million. All needs to be paid back, when it is illegal. And how it can be legal if the prop was not registered at all and had no license at all. That will be really difficult to explain, that MFF had a ...
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TrAndy1 replied Sep 2, 2023Yes, the customer would be involved into illegal business, but that does not mean any customer will be prosecuted. Because the customer is the one that needs to be protected and the regulation is designed to protect the customers. So first of all, ...
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TrAndy1 replied Sep 2, 2023You need to watch the video above mentioned. The regulators see it from being a dumb customer perspective. If that customer files a complaint to regulatory bodies they will take it as proof against the prop. And everything what is promoted from the ...
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TrAndy1 replied Sep 2, 2023Very good youtube video I am just watching, letting you know... video Especially the comments from a Compliance officer who has experience with regulators. They say regulators look on it from the customer side being the dumbest person in the room ...
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TrAndy1 replied Sep 2, 2023As a consequence when a signal provider is not licensed he could be charged to pay all the losses from his signal takers / Customers. That is huge thing. You are full responsible for everyones losses and that is unlimited. The same is with real ...
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TrAndy1 replied Sep 2, 2023Not allowed in Germany without written permission from Bafin regulator at least, I cannot speak for whole EU but usually it is the same in every EU country. So you need to be registered and licensed as financial advisor for giving advice in form of ...
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TrAndy1 replied Sep 2, 2023Not fake, I emailed MFF too and questioned where is my payout and got the same answers from different staff, 100% same answer several times.
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TrAndy1 replied Sep 2, 2023Not 100% sure, but I think it is EU wide. Germany for sure.
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TrAndy1 replied Sep 2, 2023Did not say illegal on Darwinex. But you need here to be licensed and registered as financial advisor before you can start at Darwinex. That takes time and a lot of cost and legal fees is involved too. If that would be needed for any prop that they ...
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TrAndy1 replied Sep 2, 2023Actually the wording virtual and simulated can also be interpreted the wrong way, that there is no real trading and thus a "Ponzi" scheme to payout any profits from fees of challenges. And there are many other things to be considered, like CFDs ...
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TrAndy1 replied Sep 2, 2023How much will be the fine ? Let us calculate a little bit. It was said that comms generated already $7 million, with slippages and delaying maybe in addition triple of that on top. So in total the fine could be minimum $30 million. But what is then ...
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TrAndy1 replied Sep 2, 2023For a guy that cannot trade. What do you think how much Kazmi has ? $40 million or $100 million ? He netted around $172 million before taxes. Some business expenses for sure. So maybe $80 million after taxes he got or ? I am very curious to know how ...
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TrAndy1 replied Sep 2, 2023You are allowed to copy and post elsewhere, no biggie. I have this from a public website too. So there cannot be any issue if you repost it elsewhere.
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TrAndy1 replied Sep 2, 2023It means this judge was a captain in army and previously also a prosecutor, so maybe on the right side of political spectrum and be strict. See also here: url The Curious Case of Cory Booker’s Judicial Appointments Why isn’t he nominating public ...
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TrAndy1 replied Sep 2, 2023This judge will decide on 9/11 about MFF case in the US. Are there any information about how this judge is ticking ? Here is the Wiki I found about his CV. url image image
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TrAndy1 replied Sep 2, 2023...and the funny thing is that Forex trading is biggest market worldwide by far. More than 40 times larger than any futures market nor the US stock market can beat it.
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TrAndy1 replied Sep 2, 2023There is actually possible to buy fractions of shares. IB is offering that. I guess there is no real market and also everytime a counterparty here. Just do not forget, there are more counterparties working in trading, otherwise it would not work and ...
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TrAndy1 replied Sep 2, 2023Competitors are smelling extra growth because of MFF leavers. Many discounts like this available if you consider any new challenges. Dear Traders, We are writing to you today with regards to the current situation regarding the recent developments in ...
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