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Seriously ? They want to think that. But it still like a "Ponzi" with their simulating Futures environment. I guess no or nearly no order will ever hit the real futures market. It is all simulated and all payouts are paid from 99.9% loosers or challenge fee takers (traders). Point. Of course...

I guess only my payouts from regulated hedge fund is safe actually. Did not get much payout from such prop firms. Will see how does it play out in the next weeks. If everyone needs to pay back his payouts from the whole prop firm industry (guessing futures prop firms are also included as they...

And how they want to achieve that if a lot of traders do not want to payback their payouts. They are all from different countries and then they needed to be claimed each on different country too or how would this work out ?

Also MFF did not provide unfair slippage or trading execution conditions in average when you count that real market conditions like STP were WORSE than trading conditions compared to MFF. Clearly it is said by CFTC document snippet here.

What is the opinion when it comes out CFTC wins the case as usual and then it is called illegal business practice from MFF. Does it also mean that any payouts needs to be paid back to the bankruptcor so that all challenge fees can be paid back from MFF ? Opinions ? Myself I do not think so, but...

I do know which props exactly are affected. But I guess all US based props could make problems on payouts for the next time.

Breaking news regarding payouts on other prop firms. They will postponed for the unseeable future. So bad. I hope this will not be for all major prop firms the case.

Here's some inside information: FPFX are the ones who supplied the “specialized software” to a select group of partner prop firms. The so-called "special advisor" aiding MFF's cheating traders previously worked at FPFX and spilled their secrets to the CFTC. This explains why they have precise...

It is even worse, because out of this 24000 live accounts the passing rate to get to the funded account status were already like 3% or 4% only. So it would be like 4% of 0.4%, so much lower again.

That was in a low interest world in the last 10 years. Now it is different. If you calculate 5% fees as example for the built-in leverage then it looks different and it becomes much less attractive. It is all about how much you need to pay in interests for the leverage.

yes.

There 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 there would not be such liquidity available at...

The thing is there is no real interbank market for smaller FX orders which are 99.9% of all orders on such props. That would start around 50 lots or 100 lots in increments of at least 50 lots. If anyone buys with 2.5 lots any FX it means they never hit the interbank market in FX. So that is why...

Those prop firms exist because of ONE fact. 90/90/90 rule. 90% of traders loose 90% of their account in 90 days. So basically they are less than 1% consistent profitable traders. That is why those props can make such offers of additional capital. All the trading environment and rules cannot...

For obtaining instead of 5-figure payouts 6-figure ones. (More) Money makes the world go round.

The problem is that MFF is the biggest of its kind and have the fairest rules among all of such prop firms. If they get punished and then it will have a huge Domino effect, but all the other ones are less fair to their customers. The only option would be going very offshore for any prop.

What are you talking about ? My hedge fund is not affected at all !!! I get a payout of $14k for August performance. They are safe. But you are right that I am affected on MFF as prop firm, because I am waiting for $10k to be paid out.

The chance that MFF can wint court case are so (very) low. The damage is already there as assets are frozen. They are gone. Even they would win the harm of their reputation would need a lot of time to rebuilt. And if everyone stops buying new challenges and the profitable traders still are...

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY Commodity Futures Trading ) Complaint for Injunctive Relief, Commission, ) Civil Monetary Penalties, and Plaintiff, ) Other Equitable Relief ) v. ) Jury Trial Demanded ) Traders Global Group Inc., a...

Here more detailed CFTC complaints in full.