Disliked{quote} Jeez and I thought you were that blake boy, er bloke all along.. Who would've guessed?Ignored
I know you are joking but that one really hurt
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} Jeez and I thought you were that blake boy, er bloke all along.. Who would've guessed?Ignored
Disliked{quote} I doubt they will fine 100m the max I think for the case is 6mIgnored
Disliked{quote} The case is...bankruptcy. RIP MFF. And that is very good for industry.Ignored
DislikedAlso, if MFF is found not guilty I doubt that they want to come back recharging people for what happened months ago.Ignored
Disliked{quote} Strictly speaking, Capa, nobody can be "found not guilty" or indeed "found guilty" of anything here, because these are not criminal proceedings (it's possible, at least in theory, that those might follow, but that's really looking a long way into the future!). {quote} You have no idea what you're talking about (both just above and in many other posts you've made). Regulators have the jurisdiction to fine only businesses that they regulate. Duh ... MFF is unregulated. Courts have, of course, the jurisdiction to impose fines for criminal wrongdoing,...Ignored
Disliked{quote} Strictly speaking, Capa, nobody can be "found not guilty" or indeed "found guilty" of anything here, because these are not criminal proceedings (it's possible, at least in theory, that those might follow, but that's really looking a long way into the future!). {quote} You have no idea what you're talking about (both just above and in many other posts you've made). Regulators have the jurisdiction to fine only businesses that they regulate. Duh ... MFF is unregulated. Courts have, of course, the jurisdiction to impose fines for criminal wrongdoing,...Ignored
Disliked{quote} Strictly speaking, Capa, nobody can be "found not guilty" or indeed "found guilty" of anything here, because these are not criminal proceedings (it's possible, at least in theory, that those might follow, but that's really looking a long way into the future!). {quote} You have no idea what you're talking about (both just above and in many other posts you've made). Regulators have the jurisdiction to fine only businesses that they regulate. Duh ... MFF is unregulated. Courts have, of course, the jurisdiction to impose fines for criminal wrongdoing,...Ignored
Disliked{quote} The industry is better off without companies like Funded Talent, The Prop Trading, Blueforex or First Class. It won't be better without MFF because: 1. Whatever they did behind curtains is way much better than what the others are doing (not knowing is not the same than not existing) 2. Despite they were giant compared with others, they were the paying without many cases about denied payouts based in IPs matching, reverse trading, KYC inconsistencies, gambling behavior, risk profile, etc. I wish the industry was much more of MFF, even with...Ignored
Disliked{quote} The industry is better off without companies like Funded Talent, The Prop Trading, Blueforex or First Class. It won't be better without MFF because: 1. Whatever they did behind curtains is way much better than what the others are doing (not knowing is not the same than not existing) 2. Despite they were giant compared with others, they were the paying without many cases about denied payouts based in IPs matching, reverse trading, KYC inconsistencies, gambling behavior, risk profile, etc. I wish the industry was much more of MFF, even with...Ignored
Disliked{quote} 1. They steal. 2. They don't want to pay 3. They don't want traders. 4. They was giant because, they was cheaper because they want fee not traders. 5. They are a ponzi scheme. 6.All prop firm like MFF or worse is good to be punished by regulators. 7. This is a lesson for all prop firm.Ignored
Disliked{quote} 1. They steal. 2. They don't want to pay 3. They don't want traders. 4. They was giant because, they was cheaper because they want fee not traders. 5. They are a ponzi scheme. 6.All prop firm like MFF or worse is good to be punished by regulators. 7. This is a lesson for all prop firm.Ignored
Disliked{quote} Bro what they do(MFF), regulated brokers in UK and EU do, they even offer better conditions than real market conditions, so all slippage controls ect is just to take advantage of the brokers and firmsIgnored
Disliked{quote} 1. They steal. 2. They don't want to pay 3. They don't want traders. 4. They was giant because, they was cheaper because they want fee not traders. 5. They are a ponzi scheme. 6.All prop firm like MFF or worse is good to be punished by regulators. 7. This is a lesson for all prop firm.Ignored
Disliked{quote} 1. They offered much better trading conditions than a normal broker 2. They had a long record of payouts without excuses 3. They allowed wannabe traders to make money trading (even if that was a videogame) 4. Being the cheaper and having the best conditions is something good, not something bad. Even being cheaper they were the best. 5. They were not a ponzi scheme. It was a sustainable business (300M fees received allowed to cover less than 200M of payouts + operational costs) 6. All props do the same than MFF or worse. You are advocating...Ignored
Disliked{quote} Lets be honest they became so big. Because they were the best there was. Even if some "rumors" about how they cancelled accounts. The fact remains they were the best. Now everyone must scrape the bottom of the barrel of whats even close of the prop firms. Still just like the rest of the prop firms they werent totally upfront how it works. Even so they werent perfect. I did a research prior to this scandal based on which prop firms are the most sincere from their marketing methods alone even futures prop firms were included. MFF was removed...Ignored
Disliked{quote} Regarding marketing not really sure how they were much worse. One see all props and the premise is always the same. Pass the challenge and become a trader or receive a funded account or join us as our trader or something similar. It's all fake anyway, we know. It's a videogame industry, not a trading industry. So, is there really a great difference ? (I'm just talking about the forex ones - I don't pay attention to the futures one like E2T or Top Step any longer) The only ones being more "honest" these days are those that now changed...Ignored
Disliked{quote} 1. They offered much better trading conditions than a normal broker 2. They had a long record of payouts without excuses 3. They allowed wannabe traders to make money trading (even if that was a videogame) 4. Being the cheaper and having the best conditions is something good, not something bad. Even being cheaper they were the best. 5. They were not a ponzi scheme. It was a sustainable business (300M fees received allowed to cover less than 200M of payouts + operational costs) 6. All props do the same than MFF or worse. You are advocating...Ignored
Disliked{quote} I havent looked into whos changed their info to simulated profits etc after the scandal. But those who did I would flag them as risky ones at this point and devious if they changed it some days afterwards and not prior to the scandal. Since they arent sincere anyhow right and honest, just because they got a little scared they changed it to simulated. When I looked into the marketing methods there was quite a huge difference between those who are big established "old" sincere and how new comers like MFF was in marketing methods. But sure....Ignored