Do you play online poker? Online poker in offshore poker rooms is not allowed for US residents . But no US person has been sued for playing online poker on offshore poker rooms.Because the laws are targeting firms offering online poker , not individuals who plays. The situation is similar for CFDs trading. Tell me any US person who is sued for trading CFDs on offshore brokers? There was no such case ever happened.
Can you link me to an offshore broker that allows CFD trading for US citizens? I am serious! Far as I know, a CFD in something like ES would be equivalent to being able to trade a continuous ES contract. I have always wanted to do that!
https://forums.babypips.com/t/going-offshore-to-escape-the-cftc/35612 If you read through that thread, you will find there were discussions about why an individual will not be sued for trading CFDs in offshore brokers.
I think you confuse a thing or two, those are not prop firms but loophole abusing bucket shops who pull money out of degenerate gamblers and the totally illiterate and uninformed.
No, because on normal prop firms you only have better routes, commissions, maybe feed but no additional capital in terms of higher drawdown than you put in as money. Therefore the score is only about 1, thus there is no advantage to compouding on own personal accounts, beside the better trading conditions you can get at a normal prop firm. That's all here. You will get some more leverage for intraday trading stocks. But for futures and FX this is irrelevant too.
ETF is better than Topstep. ETF has a score of 3.8 max., with their best offer for the 25k Evaluation. You need to look where the Profit Target is closer the max. allowed DD. And of course the fees in relation do matter too.
You are damn too slow. My link gave 11 forex brokers who offer services to US traders. All of them offers CFDs. Any offshore forex broker who offers forex pairs who also offers CFDs. If you ever read my link, there are description under each broker what instruments it offers:all of them offer pairs, INDICES, commodities.
Why those two are bad? 1. Trailing drawdown; 2. Monthly fee. Since profit target/drawdown is 150% or higher, the expected time to finishing challenge is more than 3 months, so the total fee amount to + $450 for 2000 drawdown(for E2T, topsteptrader is worse) which is significantly higher than most forex prop firms.For example, myforexfunds only charges $116 one time fee for 2000 drawdown.At the same time MFF challenge is much easier to pass since MFF profit target/drawdown is 108% instead of 150% for E2T. 3. After you get funded you still need to pay $120 / month exchange fee.
What's up with that Drawdown? My total p/l was only about $77 but MAX DD went up to $557 on a fresh evaluation. My guess is they did not subtract the Trade fees and commissions from my profits. Will see if they update the correct number tomm otherwise that's bs! It cost roughly $1.25 per roundtrip on the E-mini's when Tradovate only charges .25 per contract. Well, anyways I am already tired of running this account. Took 1 ES contract and just gonna swing it til I hit the profit target!