No more offshore brokers for me, I’m going with the funded accounts 
1- ) FTMO 2- ) MFF 3 - ) TheFundedTrader 4- ) E8 ect. I hope they will have a weekly payouts in the future.
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If that’s what you wanna do, wish you all the best 
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Commissions are rather high, how is their scalp trading execution?
I am with 2 of them, working on 3 and 4 now. I just stagger them so I get paid weekly. Conditions are just as good as offshore, more instruments available, NONE of my own money at risk, more withdrawal options, etc, etc, etc.
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commish is $3/standard lot at MFF and FTMO, $7/lot at TFF, $5/lot at The Funded Trader. Pretty standard, spreads are as low as your going to see anywhere (lower than the ffshores)
Indices have zero commish with MFF and FTMO.
It has become a no brainer comparing props vs. the offshores at this point
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exactly brudda…funded is the way to go now
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People go from six-figure incomes … to living on the streets’: Why it’s easier than ever to get addicted to gambling
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No reason for government to stop it, either. Gambling is a multi-billion dollar revenue stream for them. Most countries do not allow such things unless granted special permission from government. It is no wonder why. You cannot even have a raffle in many cases, unless it is some non-profit charity-type event.
Speaking of charity, I was asked to donate $1 at Arby’s drive-thru today. I agreed. I usually do not give in such cases. Not because I am not a charitable, giving person, but because I think it is gross to ask people in such cases for donations. It is the principle of the matter. It also adds a layer of uncomfortable obligation. If you refuse, maybe you seem like a greedy jerk.
If you give, you know that it is just a tax write-off for a multi-million dollar company. It is great PR for them to show how much they gave, and they get to write it off, even though the money did not come from them. So, you are reducing their taxable income, assuming that they even have any. So, you can feel good about that.
Maybe some match donations. But then again, maybe some only give 10% of the donations to the supposed charity…or worse, nothing at all. You never know. So, if you decline to give, maybe the guy in the kitchen spits on your sandwich. Again, you never know.
I truly try to view things in a positive way, but it can be difficult when you know how the world works instead of just going through life oblivious. As they say, ignorance is bliss… I guess.
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Just like CFDs are banned to protect the US exchanges. Get ready for the SEC/CFTC/IRS to eliminate the crypto stable coin competition via regulation.
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Oh, geez. So many questions and so many concerns. Thanks for sharing.
Interesting… too soon to tell which way this goes. There is nothing inherent in the information provided about FedNow that means they will ban stable coins. I cannot help but wonder if they are going to use an existing infrastructure (Ripple maybe?) for instant payments.
I don’t trust them either given past record. Still, reserving judgment. Here’s to hoping it’s done well. Cheers
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You can bet that the cost for this long-overdue convenience is coming with a hefty price tag of concessions that will require a surrendering of privacy and control, among other things.
Banks are notorious for putting holds on larger transfers. The video briefly hints to the possibility that banks will have some choice about how some of this is handled, so I would not be surprised if the same, old money-laundering shenanigans will remain fully-intact. So, we will see how this unfolds, indeed.
Whether or not this is an attempt to undermine the current, digital options is unknown, but it does not seem overly unreasonable to think that way. Governments will be looking for an escape route when fiat eventually fails.
Digital currency is a dream for governments on many levels, but most will not be keen on any option that does not offer them full control. So, that needs to be established first. Unfortunately, the only way for governments to have complete control is to have their own currency. Certainly, it would be similar to what we see with GUSD, where they can freeze/hold and move it around as they see fit… which contradicts the purpose of bitcoin.
The creator of bitcoin had in mind a currency that was fully autonomous and anonymous, for the people and by the people, that governments could not control, allowing extremely cheap, fast, private and secure money transfer methods that were far-superior to what we see with current, traditional systems.
But, most people are dumb. They will see a fast/cheaper money-transfer solution that is being offered by a ‘trusted’ source, so they will all jump on it. And if/when fiat fails, what better way to scare people into using your shiny new currency that is fully-controlled and monitored at all times.
Solutions like bitcoin take control away from government and give that control back to the people, which cannot be allowed (according to those in power). So, these scary solutions will be pushed out, taxed, and prohibited et al. so that people will have no reasonable choice but to use the ‘official’ currencies, whatever form that ends up being.
Every, single time money exchanges hands, every purchase, will be monitored, tracked, taxed and fully-controlled. They will know how much you have, where it came from and where it’s going -at all times. They will decide if you are allowed to make certain purchases or transfers, based on your age, location, nationality, tax debt, child support debt, criminal history etc.; whatever they see fit.
Eventually, even your political views and online posts may be weighed as a matter of national security, allowing justification of more control. Something like this will need to be in place before a universal income system is established, which seems likely to happen, eventually.
I hope that I am wrong, but, I do not see that we are gaining more freedoms in life; I do see the opposite, though. If we had to predict which way that it would go as far as more freedom or less freedom in the future, I do believe that the general consensus would lean in favor of the latter.
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Are there any options for a US cent account broker?
comparing CedarFX to Coinexx right now, USDJPY spread is 7-10 pips on the former and 2 pips on the latter… as long as the moves are large enough, Cedar is scalp-tradable but that’s still pretty ridiculous. Cedar has the better data feed (less filtered).
It’s not the norm, Cedarfx is still higher, but it’s very tradeable, Cedarfx’s norm is 0.5 to 0.7 on usd/jpy
FedNow, being non-autonomous (as Methos mentions) and fulfilling different niche by having banks in loop, could have theoretically existed in parallel with crypto.
However, Gensler calling crypto “securities” and Biden calling out environmental impacts of PoW mining is looking very bad for crypto.
Mr. Invisible, good chance you are right about stable coins. Not only stable coins, Biden admin appears poised to make it a lot harder for crypto users in the US.
Still many questions…
Do PoS coins get a free pass?
Is Biden going to ban mining with EO? Or mined crypto entirely?
Or, are they simply going to make it so difficult to use that no one wants it?
If the gov does impose more restrictions, it’s a missed opportunity. The goal of autonomy could be achieved without absolute anarchy. Smart contracts could enforce virtually any agreements without a middle man.
It would also not be an end for banks. People still need to borrow money. Banks provide needed services. FedNow would have it’s uses. I still have a mortgage. I use crypto also, but see value in fast transactions with banks involved. I would probably use both BTC and FedNow.
Still waiting to see what they do. It’s not a done deal yet, but not looking good. Maybe they read this thread and can get some better ideas lol
Any update on Coinexx/Turnkey delayed withdrawal issues since FinPro went bust?
I was very pleased to work with Epayment. They were put out of service for 3 years by the FCA, and tried re-starting earlier this year, but couldn’t succeed.
ePayments has decided to close the business
Hi JAMES,
ePayments has begun the process of closing its doors and entered into an orderly, solvent wind-down.
As you will be aware, the business has been closed for the past three years after our regulator (the UK Financial Conduct Authority (the FCA)) identified some weaknesses in our financial crime controls. We have over this period been working hard to ensure these are up to the required standard, but in these extremely challenging and unprecedented global economic conditions, and with the business being restricted for such an extended period we can no longer sustain the business to build back to what the FCA require and a ‘business as usual’ state.
In practice, this means that we will not return to full operations and will now focus entirely on providing customers with refunds and working through the process of closing your accounts as we close down the business.
Your funds with us remain in safeguarded accounts. The FCA is aware of our decision and this communication.
As we close the business over the coming months we encourage those with funds in their eWallets to withdraw these funds, and those not currently open for refunds to supply any required information required for us to open the refund for you.
If you experience any difficulties with the refund process, please contact us so we may assist you.
We will be in contact again in the weeks ahead with more information about the wind-down process.
We have also developed some FAQs that we hope will help answer any questions you may have about this announcement.
Why are you winding down the business?
Despite all our efforts over the last few months, we are not satisfied that we will return to ‘business as usual’ in the near future. It is important to note that this is not an insolvent wind-down or liquidation of the business, but rather a solvent wind-down following a commercial decision about the future of the business.
Is my money protected?
Yes. Consistent with the Electronic Money Regulations 2011, your funds are held in segregated (“safeguarded”) accounts by our banking partners.
When will I be contacted about my refund?
You may already have been invited for a refund as part of our remediation process for all clients. If you have then it is very important that you engage with that invitation, including by providing any additional information or documentation that we ask you to provide from time to time.
If you have not been contacted, then please check your contact details are up to date. If they are then please rest assured that we are contacting all customers but not doing so at the same time. We will provide progress updates on our website.
When we contact you about your refund you will be asked where the refund is to be sent. This should be your own bank account i.e. not a bank account belonging to another party.
How quick are the refunds going to be?
Where we ask you to provide additional information and documentation and there are delays in providing it then this will delay the refund. Subject to that, refunds can usually be processed in a matter of days or weeks. We will provide regular updates about timing on our website.
Is ePayments or its banking partners covered by the UK Financial Services Compensation Scheme?
No. However, as noted above, your funds are safeguarded in accordance with the 2011 Regulations.
Is ePayments covered by the Financial Ombudsman Scheme?
Yes, although we sincerely hope you will have no cause for complaint about how we conduct ourselves during this refund process.
What if I have more questions or concerns?
Hopefully these FAQ’s will have addressed all of the outstanding questions and concerns you have at this time. As noted, we will be in touch again in the weeks ahead. When you are contacted for a refund you will also be able to ask questions of the ePayments representative with whom you are dealing. You should also keep an eye on our website where we intend to post regular updates about the refunds. However, if you have other questions then please send them in the first instance to [email protected]. We will try and respond as quickly as we can.
Yours Sincerely,
ePayments
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I use CedarFX there withdraws are fast and reliable same with deposit
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