I guess this was the case with them about a year back…now I have been getting my withdrawals from Coinexx within 6-8 hours
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She threw a proper wobbly as well did you see? Posted nudes and all sorts!
In all seriousness it doesn’t make that market look good at all as they were widely seen as THE alternative to FTMO. I also saw FTMO have changed up their split more in line with FT. I assume therefore they are going to up their challenge prices as we all know their business model is based on those that fail. Nevertheless, those that succeed seem to do well and have been for a while so hopefully they don’t pull a similar stunt.
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Want to pass challenge in 5 days?
Short ERU/AUD.
-I’m not so sure, to be honest. On the one hand, after seeing Funding Talent basically admit to running a ponzi scheme, then basically admit to running an online casino, I would not bet money on any of these firms to be operating 100% legit. And when you start adding things like affiliate programs and such, that only exposes you more. The fact that we are seeing tons of cookie-cutter clones popping up, some with really poor spelling/grammar and lacking of professionalism gives me even further pause.
On the other point, I cannot say for sure on that one, either. MyForexFunds has gone to great lengths to make it seem as though they are running a legit operation in terms of live trading, so I would be really surprised at this point if they proved to be demo-only.
We cannot know, for certain, about a lot of these matters, unfortunately. But, at the end of the day, the opportunity is still good, and for firms that offer a fully-refundable challenge fee, it really does become a no-brainer for most traders.
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I’ve been thinking along the same lines. If I ever do sign up, it will be when the market is being exceptionally predictable. If I could meet their guidelines every month of every year, I would already be retired.
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Yes they are ok
What are you talking about?
That’s better than others I have seen. It’s certainly doable. Still, if I could confidently make 8% per month every month I would retire comfortably within a year. I think there’s a fair chance even the best traders (which I am certainly not) might fail the challenge depending on market conditions. If anyone can make 8-10% monthly consistently and they don’t have a major cocaine problem, they should be seriously wealthy very quickly! A good prop firm could speed up the process. We always have risk. This is great info and gives us more options. Much appreciated. Cheers!
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Not only BTC but that`s the best and fastest way.
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What MFF requires is not 8% a month, but 67% a month.
8% profit target / 12% maximum drawdown = 67%.
Short ERU/USD, short ERU/CAD, Long SPX500.
Actually MFF allow extra 2-4 weeks if you doesn’t reach profit target in 30 days but your balance is positive and doesn’t violate any rules.
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Also important to note that once funded, there is no monthly profit target with MFF
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New York directs two cryptocurrency lending platforms to cease activity
I agree with you. The biggest Prop firms including FTMO do not disclose their broker partners and if they do, brokers do not acknowledge them. I’d rather be away from them.
It is interesting to see how cryptocurrency is handled from a regulatory standpoint, compared to other areas of finance and investing etc… To just completely shut down an exchange is extreme. Any traditional exchange would be facing fines, at the most. The strong opposition to cryptocurrency is without question here.
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That is reasonable and understandable.
An important point to mention, is that the way that these firms are structured, including how the business relationships with traders and brokers are defined etc., it might seem reasonable to suspect that they might not be overly keen to disclose any details that might make them a target for various regulatory groups, and that may hold true for both, brokers and prop firms.
The whole idea, as I see it, is a way to legally circumvent such regulatory compliance requirements in an effort to simplify something that has become unnecessarily complex and burdensome, and any unwanted attention to that might encourage new measures and legislation prohibiting such activities. It is honestly sad that such creative measures have to be considered in the first place.
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Not sure who the other exchange is. Can honestly say Coinseed has never been on my radar. New York is the most unfriendly when it comes to Crypto. That’s why exchanges had moved out of or stopped taking clients from there.
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Its the same as some brokers decline from providing who their LP’s are. I recall in the past Tradersway had clowns bugging LMAX who was their LP at the time for various reasons.
This topic with FTMO has been discussed ad nauseum for those that have been paying attention to the prop firm space as it is. For over the past 12+ months they kept paying me, so ill keep using them.
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Attorney General James Ends Virtual Currency Trading Platform Bitfinex’s Illegal Activities in New York
Yeah I saw that back in Feb when it was reported. Bitifinex had dropped out of the entire US market some years ago. However some US residents were still finding ways to sign up via VPN. Of course that doesn’t sit well with Nanny State AG’s.
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