It's not because one firm do this it automatically means they all do it. I do assume they are going to investigate the others as well so the rotten apples will be closed down soon enough.
Next up should be Apex and similar 'bucket shops'. Hell, maybe even E2T and Topstep which are the only two firms I've said could be worth your while since they allegedly (I wouldn't know for sure) put you on a real live account effectively making it a win/win proposition provided it's an actual live account. By the way, I was recently surprised to learn that an aquaintance of mine had started pursuing day trading and was going down the 'funded firm' path. Guess which firm? My Forex Funds. I expressed some concerns, but not in such brute language as I use here, but he brushed it off saying My Forex Funds was one of the 'legitimate' ones. I won't be reaching out to him and express any schadenfreude as I imagine his dreams just got crushed, but I do hope that my posts here can at least prevent those reading here from doing any business with these type of firms which in my book is nothing more than a modern bucket shop. Fool me once, shame on you. Fool me twice, shame on me.
Buddy, If you actually understand the business model (which I've outlined many times now) of these firms, you would be delusional and outright gullible to believe anything else.
I guess it depends, Apex doesn't promise to put you on a live account such as Myforexfunds did. I also recently saw a poster here that confirmed he was placed on a real live account with Apex. Myforexfunds also used all kind of illegal practices to make sure traders lost, we won't know if any of the other firms use similar tactics until they are investigated. This isn't about being on a live account or not, but much much more than that.
Well, as i have said plenty of times before, buddy, i prefer to stick to the facts instead of assuming and making up shit, ciao.
If anything this Myforexfunds shit PROVES it is a good business model that can work for both parties if they place winners on live accounts, but instead of wanting to know if they do or not, you just say and assume they don't, even though there are people who already confirmed it. Talk about being delusional and not understanding the business model ...
I've spent enough time discrediting Apex. Since they're blatantly open about having you on a simulated account you can know for a fact that a win for you is a loss for them. It's really simple. Why the hell would they want you to win and pay you? And please. Save your breath if you're talking about withdrawing $1000 bucks. Which poster was that? Well, you don't know the facts. It's all smoke and mirrors. Yet, you choose to give them the benefit of doubt. My assumptions which are based on rationality, logic and common sense are quite sound. But if you want to believe otherwise, feel free to do so at your own risk.
your hedge fund blew up? I wonder what impact this will have on markets come Sunday when futures open. Fingers crossed!
No offense, but you come across as a bit of a clown. My Forex Funds got busted and here you are defending these firms still giving them the benefit of doubt. For all I know, you may be Darrel Martin or associated in some other way. Here's what you wrote in Sekiyo's journal in early August. Quite amusing actually. Who the hell opens an account with a bucket shop in order to prove 'haters' wrong? Did you withdraw your thousand bucks yet to prove the 'haters' wrong? Thanks for the comical relief.
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.