100% of the FX firms are frauds. Caveat: there is one founded from a Jane St alumn which is likely legit simply bc of his provenance. Don't ask as I cannot remember and it's a stupid niche.
Says the guy who can't stick to facts but values his opinion based on nothing above all else? You sound like an obsessed religious or flat earther freak. I won't spent another minute of my time interacting with obsessive delusional people like yourself. As has been said before, there is no point in arguing with stupid.
Here's some inside information: FPFX are the ones who supplied the “specialized software” to a select group of partner prop firms. The so-called "special advisor" aiding MFF's cheating traders previously worked at FPFX and spilled their secrets to the CFTC. This explains why they have precise conversations and more, which will soon come to light. The CFTC has targeted the industry's biggest player, and soon, other US and Canadian firms will face scrutiny. Based on what I've understood is that FPFX may soon face closure, which could have a domino... Then good night. FPFX is connected to 120 prop firms see below, which I have from their own website. They work also together with 8cap and Purple trading as broker.
Breaking news regarding payouts on other prop firms. They will postponed for the unseeable future. So bad. I hope this will not be for all major prop firms the case.
In FX there is no way for the "backed" trader to know that the orders aren't internalized. I don't care what you're told; all of the FX firms are in FX bc it's unverifiable. It's a Ponzi of sorts as they know they can pull in test fees to pay any profitable client as counterparty. The leverage and Draconian SLs make it so. With futures-prop you can literally watch your one lot fill AH (or not) to test the internalized-order hypothesis.
Mention what firms you are talking about. I have a few friends funded at various futures prop firms and none have ever had any issues getting their money.
I do know which props exactly are affected. But I guess all US based props could make problems on payouts for the next time.
Exactly, which is one of the reasons why you can't compare these Forex or crypto firms to futures firms because it is easy to check if your order hits the order book or not. There are also some videos out there that show the orders going in the order book of some of those firms. Also one of the reasons why you can't assume futures firms are applying tricks to make traders lose like MFF did, since the orders go to an exchange and it's very easy to check. Some lack the brain capacity to comprehend this apparently.
Apples and oranges, buddy. So, no, I don't see the flaw in my logic. I do however see the flaw in yours. I just checked out the 1-star reviews of Interactive Brokers and most I can see relates to poor customer support, time consuming inquiries, etc. Interactive Brokers is the largest brokerage in the US. Apex is a bucket shop. See the issue with your foolish 'logic'?
Can anyone produce a picture of any of these futures-firm's front ends? The ladder and actual order-entry of a sim or backed account? Not FX.