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Review of One up trader
- Thread starter caacapital
- Start date
But OneUp said Russian traders can trade.
that just means they don't place their funded traders in live accounts.
russians aren't allowed to trade futures contracts from the chicago-based CME Exchange due to sanctions.
I found company thetradingpit. Something from their site.
Do you offer Demo or Live Accounts?
"The Trading Pit is not a financial institution and does not offer or endorse any financial products or services.
The accounts we provide to our clients are demo with virtual fundswith real market data through both the Challenge & Scaling Plan phase. Therefore, all trading activities on this website take place in a simulated environment.
The only difference is that after you pass your Challenge, before getting your Scaling plan demo account you will have to sign a Signal Provider Agreement that we will send you."
Are you regulated?
"The Trading Pit Challenge GmbH offers a variety of multi-asset virtual Trading Challenges in a demo/virtual environment. We do not provide any financial services therefore are under no need for regulation.
We have brought on board experts in capital markets law to ensure that The Trading Pit and its business models are lawfully and regulatory compliant! No objections were raised to our partnership models with prop traders and created transparency for actual mutual growth! Designed for success!"
So they said fair they dont put orders on live market. That's something i never see before.
Do you offer Demo or Live Accounts?
"The Trading Pit is not a financial institution and does not offer or endorse any financial products or services.
The accounts we provide to our clients are demo with virtual fundswith real market data through both the Challenge & Scaling Plan phase. Therefore, all trading activities on this website take place in a simulated environment.
The only difference is that after you pass your Challenge, before getting your Scaling plan demo account you will have to sign a Signal Provider Agreement that we will send you."
Are you regulated?
"The Trading Pit Challenge GmbH offers a variety of multi-asset virtual Trading Challenges in a demo/virtual environment. We do not provide any financial services therefore are under no need for regulation.
We have brought on board experts in capital markets law to ensure that The Trading Pit and its business models are lawfully and regulatory compliant! No objections were raised to our partnership models with prop traders and created transparency for actual mutual growth! Designed for success!"
So they said fair they dont put orders on live market. That's something i never see before.
The only true Prop model which does not require regulation is the one where Trader is either employed with salary + performance payment or performance only payment Not a single cent taken from them,,, It is like Ford or GE asking fresh engineers to pay them a TEST fee ( although many would be happy as a career with thee huge reputable companies might be worth it ..) where as the plethora of the "new breed of Test fee prop" are here today gone tomorrow! No wonder many are not taking US residents as the US regulators are cracking down , good on the regulators