The Australian broker TD365 uses the same dodge but in the Bahamas (200/1 leverage). However, all client accounts are held in escrow at Barclays bank in London. They are very good all round (as used by Tom Hougaard) - their platform is somewhat terrible though.
My $100K FTMO challenge is still ongoing. I am currently in drawdown so it is going to take a little bit longer as Charley Pride once sang. The good news is, I am still completely confident that I will eventually pass the challenge and verification, so confident in fact that I’ll be starting a second $200K challenge with them within the next few weeks.
My wife got her first payout from @The5ers which I will never now hear the last of!
With her refunds for the challenges and the profit split it worked out around £1300 which was nice. She is now the first one of us to receive a payout from a funded account. I can’t complain, she treated me to a nice meal at our favourite Indian restaurant. She is now getting on with a $200K FTMO challenge and already in profit!!!
One reason that I haven’t had as many trades this last week or so is that I have decided to cut GBPJPY trades out. I was reviewing my data and it means that although there won’t be as many trades, the swings will be more palatable.
Anyways, as always, I will keep you updated . . . .