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Search: Posts Made By: jlabtrades

Forum: Trading Reviews and Vendors

November 17th, 2023, 03:02 PM

Replies: 66

Prop firm fraud in Futures? (on the back of My Forex Fund scam/CFTC ruling)

Views: 12,532

Posted By jlabtrades

I have already started to see some changes an...

I have already started to see some changes an improvements in discolors. For example, apex just added this to the bottom of their site. The most interesting bit is the 43% pass rate, but that alone...

Forum: Trading Reviews and Vendors

November 17th, 2023, 02:59 PM

Replies: 66

Prop firm fraud in Futures? (on the back of My Forex Fund scam/CFTC ruling)

Views: 12,532

Posted By jlabtrades

I think most people just avoided responding to...

I think most people just avoided responding to the CFD statement because its not at all the point of this thread, or at least I saw no value in discussing them here. We were talking about online prop...

Forum: Trading Reviews and Vendors

November 15th, 2023, 11:02 PM

Replies: 66

Prop firm fraud in Futures? (on the back of My Forex Fund scam/CFTC ruling)

Views: 12,532

Posted By jlabtrades

Interesting the funds were released. I wonder if...

Interesting the funds were released. I wonder if that means they step up their legal defense or run with the money? This looks like it will be a brutal fight.

Also did you see the Ontario...

Forum: Trading Reviews and Vendors

October 20th, 2023, 04:37 PM

Replies: 66

Prop firm fraud in Futures? (on the back of My Forex Fund scam/CFTC ruling)

Views: 12,532

Posted By jlabtrades

I think people are confusing the company that...

I think people are confusing the company that provides the accounts (e.g. apex, topstep) from the companies providing the trades and charting. Its going to be rithmic/tradovate/ninja handling the...

Forum: Trading Reviews and Vendors

September 29th, 2023, 11:24 PM

Replies: 66

Prop firm fraud in Futures? (on the back of My Forex Fund scam/CFTC ruling)

Views: 12,532

Posted By jlabtrades

I read it as since they were real trades, they...

I read it as since they were real trades, they are in trouble since they aren�t a registered broker. Also they were messing with fills and spreads on these real trades.

this particular case has...

Forum: Trading Reviews and Vendors

September 15th, 2023, 10:15 PM

Replies: 66

Prop firm fraud in Futures? (on the back of My Forex Fund scam/CFTC ruling)

Views: 12,532

Posted By jlabtrades

Its simple, the risk that comes with doing...

Its simple, the risk that comes with doing business is not worth the legal risk. Even if Apex and others showed their sources of revenue (hey look we barley make anything from signups, its all from...

Forum: Trading Reviews and Vendors

September 14th, 2023, 11:43 PM

Replies: 66

Prop firm fraud in Futures? (on the back of My Forex Fund scam/CFTC ruling)

Views: 12,532

Posted By jlabtrades

I doubt successful hedge fund traders or ones...

I doubt successful hedge fund traders or ones with access to large amounts of capital are trading on online sim services. There could be a few, but I haven't heard of any. There are more traditional,...

Forum: Trading Reviews and Vendors

September 14th, 2023, 11:38 PM

Replies: 66

Prop firm fraud in Futures? (on the back of My Forex Fund scam/CFTC ruling)

Views: 12,532

Posted By jlabtrades

After reading the documents, I would summarize...

After reading the documents, I would summarize the issues as:

1) they acted as counterparty to the trades
2) the trades qualified as retail trades
3) they failed to register as an exchange...

Forum: Trading Reviews and Vendors

September 14th, 2023, 10:52 PM

Replies: 66

Prop firm fraud in Futures? (on the back of My Forex Fund scam/CFTC ruling)

Views: 12,532

Posted By jlabtrades

The truest definition of a proprietary trading...

The truest definition of a proprietary trading firm is one where you trade with someone else's money. So you front 0 (or minimal) of the capital and therefore have lower risk.

Most of the online...

Forum: Trading Reviews and Vendors

September 14th, 2023, 01:24 PM

Replies: 66

Prop firm fraud in Futures? (on the back of My Forex Fund scam/CFTC ruling)

Views: 12,532

Posted By jlabtrades

What fraud scandals are you talking about? Could...

What fraud scandals are you talking about? Could you link to some articles?

Showing results 1 to 10 of 10

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

Limited trading instruments
High platform usage fees
Lack of support or mentorship
Unrealistic rules and requirements
No significant challenges
Something else (discuss in thread)

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