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when any prop firm could go bankrupt, as they rely on the mass of failed challenges to pay any payouts out of the captured challenge fees. So your formula you advertise is the formula to bankruptcy for any prop firm if it is well-known and widespread among most prop firm customers... iT IS...

That is a million dollar question

Are you looking for a normal FCM broker or a true prop firm? or a test fee prop?

Most of them are prop firms that trade their own money. The evaluation takers are just not part of the prop team. LOL Are you claiming that the evaluation Takers have nothing to do with the "so called Prop firm?

So if you have got money paid to you that is great .. tax wise is a diff issue depends upon jurisdiction does it not?,

You mean you support " Pay for test and hope to get funded " type businesses! because real prop firms don't do that .

What law is for example Topstep breaking with what they are doing? One day the "Test fees" are going to be considered as same as a deposit at a broker upon which you get leverage ( Like all regulated futures brokers ) and thus will have to be an regulated IB via an bigger FCM ) and then the...

Some of them themselves say that after passing the test you would be on LIVE SIM.. WTF? is live SIM if you say we will fund you that in simple English means Real Money funding ! as simple as that .... any way since you see nothing wrong in this deceptive conduct there is nothing else to say

There are ways for them to make money from the money collected from evaluations If that is what the business model is based on then it is highly volatile as if all of a sudden many of funded traders make gain where is the money going to come from? + it is deceiving to say we fund you when many...

Although there is no Centralized exchange for FX the Regulated broker has to abide by A book or B book hence the issue ..and was Myfxfund ever even regulated OTC FX broker in USA? but you refuse to see it

What on devils earth is "live sim." Sim is paper money ! so where do the profits come from? and don't say who cares. it is the integrity of the business...

Ok so Apex or any other firm , My question is still stays same "when a firm says you are funded .. it has to be with real money and trades must go on real market ... what excuses is there not to do that?"

are you talking about General business model or are you talking abut this particular alleged fraud?

My question is when a firm says you are funded .. it has to be with real money and trades must go on real market ... what excuses is there not to do that?

issue is where is the money coming from failed test fees or real trades?

Real Prop firms look like this https://www.cutlerllc.com/careers

It's by definition a bucket shop as your orders never hit the market.! As LF said above

Yah I asked him he says " I have not looked Deep in to it yet" :sneaky:

SO what other crap would you be happy with? NO PROTECTION AT ALL by the way MFF was a futures FCM not stock broker so even in USA SIPC only protects direct stock holdings not Futures industry Yes such insurance schemes when tested might not be effective but better than nothing FCA is better...

Show audited proof or show that you are licensed as a money manager in major jurisdiction