The largest FX prop firm named MyForexFunds stopped working now, are they out of business ?

Laissez Faire said:
So, an anonymous poster with a post count less than 10 and which expressed concerns if he would actually get his money in the end is your source? And one that also complained about all the restrictions with Apex and was looking for better alternatives???

Here's what Apex says:

View attachment 322959

You may be invited to move over to a live account.

It's all just smoke and mirrors.

I maintain that anyone doing business with Apex is either desperate or an idiot. Or both.

Go with E2T or TopStep where you're guaranteed to get a live account and where a) there are not withdrawal limitations; b) there is no trailing drawdown on unrealized profits.

Trailing drawdown on unrealized profits means you may easily fail an evaluation on a day you're actually GREEN if a limit order fails to fill and go back to breakeven.

Makes ZERO sense except from Apex perspective which wants you to fail such that they won't have to pay you out of their own pocket.
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APEX is a ponzi scheme. I've said this a hundred times. The proof is in the payout policy. They're using other trader's funds to payout to a few. They're next on the list for a CFTC investigation.

On another note, I read that TickTickTrader is only paper trading regardless whether the trader is profitable or not. It's on their website. Wondering if they copy profitable traders who pass the evaluation. Their payout policy is 40 days for 90%, but you can withdraw immediately with a 50/50 split. They're in Europe so not sure if the CFTC has any interest in them. I may signup for their $100K account which has not time limit. Curious to see if they really pay.
 
ZTrader888 said:
APEX is a ponzi scheme. I've said this a hundred times. The proof is in the payout policy. They're using other trader's funds to payout to a few. They're next on the list for a CFTC investigation.

On another note, I read that TickTickTrader is only paper trading regardless whether the trader is profitable or not. It's on their website. Wondering if they copy profitable traders who pass the evaluation. Their payout policy is 40 days for 90%, but you can withdraw immediately with a 50/50 split. They're in Europe so not sure if the CFTC has any interest in them. I may signup for their $100K account which has not time limit. Curious to see if they really pay.
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Other risk in this space is if the live sim infrastructure providers, e.g. Rithmic/Tradovate get hit with a cease & desist for provision into live sim operators. Then it doesn't matter where any evaluator is located.
 
emojitrading said:
Other risk in this space is if the live sim infrastructure providers, e.g. Rithmic/Tradovate get hit with a cease & desist for provision into live sim operators. Then it doesn't matter where any evaluator is located.
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That's a good point. I wonder what their liability is. I don't think MFF used either one - not sure.
 
Whatever the gov agency has no case that is why they delay court hearing until Oct 30. Wouldn't be surprised if unother delay after that.
 
s trader said:
Whatever the gov agency has no case that is why they delay court hearing until Oct 30. Wouldn't be surprised if unother delay after that.
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what?
 

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