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- VTF: 🚀Forex Funding IS DEAD. Here's Why...🧠
VTF: 🚀Forex Funding IS DEAD. Here's Why...🧠
I warned you about Forex funding... Sales End Today!
I warned you about Forex funding... were you listening?
Trader Funding discounts
Breakdown of the death of the forex funding space
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The Forex Funding Fiasco: I Told You So
For over a year, I've been sounding the alarm on the dangers of Forex funding. After uncovering the shaky regulatory ground these companies operated on, the risks were clear. Influencers ignored the warnings and kept promoting these schemes to their audiences.
The List of Casualties
The fallout is substantial. Here's a list of major prop trading firms that have either closed up shop or stopped serving US traders:
Shutdowns:
Shutdowns:
The Funded Trader
True Forex Funds
Skilled Funded Trader
US Operations Halted:
My Forex Funds (MFF)
FTMO
The5ers
FundedNext
Feeling the sting from those forex funding scandals blowing up? 💥
Rewind the last half-year in your mind. Seriously, pause and ponder it for a sec.
Critical stuff here.
Who was singing praises of forex funding as foolproof?Who was funneling those shams right to your… twitter.com/i/web/status/1…
— Εϻϲ "Jered King" (@JeredKing)
10:28 AM • Apr 7, 2024
This always makes me asky why they had to be greedy! An already profitable AF buisness model. Getting filthy rich wasnt enough for these dudes. THEY WANTED SCAMMER RICH.
That RIZZ dude deserves to be shunned hes the worst of the lot to me. He knew he admits he knew and continued up until the day it shut down to push it to everyone. SUCH A POS
These were not small, unknown players. They were industry giants. That so many "top dogs" have fallen shows the inherent instability of this Forex funding model.
Why the Collapse?
CFTC Regulations: Trading instruments offered by these firms often ran afoul of strict US regulations.
MetaQuotes Clampdown: The company behind essential trading platforms is taking a hard line on prop firms.
Futures: The Superior Option
It's mind-boggling that traders still flock to these risky Forex schemes when futures offer a more reliable path. Futures trading has:
Centralized, transparent pricing
Clear regulatory oversight
Less risk of sudden shutdown
The Shame of Influencer Silence
The widespread promotion of these flawed schemes contributed to the damage. It's harmed the industry's reputation and led to significant losses for trusting traders.
My thoughts on the new futures funding companies "Coming from the forex side"
This company " MFF" and the other companies that were once in Forex and now are moving over to futures is that if they're willing to do shady stuff in Forex what makes you think that they aren't… twitter.com/i/web/status/1…
— Εϻϲ "Jered King" (@JeredKing)
8:17 AM • Apr 16, 2024
Don't Let Outsiders Ruin Our Futures Funding Community!
We've built a strong, secure space for futures funding – based on trust and playing by the rules. Now, shady forex funding companies want in, offering cheap deals. Don't be fooled!
Here's Why We Need to Resist:
Risky Past, Uncertain Future: These companies ignored regulations before. Will they be different with our futures money?
Inviting Trouble: Regulators could target our entire community if we let these bad actors in.
We Have Better Options: Stick with established futures funding partners – they're proven, reliable, and compliant.
Protect What We've Built
By choosing trusted partners, we show that we value a safe and regulated futures funding environment. Don't gamble on newcomers – stick with the community you know!
More info on the company that pushed forex funding into shutdowns!
MetaQuotes, though not a household name for most, plays a crucial role in the world of online retail forex trading. Here's a breakdown of what they do:
Software Development: MetaQuotes is a Russian software company specializing in creating trading platforms. Their most famous product is the MetaTrader family, which includes:
MetaTrader 4 (MT4): This is the industry standard platform used by a vast majority of online forex brokers. It allows traders to view live market data, charts, place orders, and manage their accounts.
MetaTrader 5 (MT5): A newer platform with more advanced features, but MT4 remains dominant.
Licensing: MetaQuotes doesn't directly deal with retail traders. Instead, they license their MetaTrader platforms to forex brokers. These brokers then provide the platform to their clients for trading.
Market Influence: Since MT4 is so widely used, MetaQuotes wields significant influence in the forex trading industry. Their decisions regarding platform features and licensing can have a ripple effect on brokers and ultimately, traders.
The Clampdown on Prop Firms:
The recent crackdown you mentioned refers to MetaQuotes seemingly taking a stricter stance on how brokers can use their platforms, particularly with regards to prop firms. While the exact reasons are not fully public, it seems they may be concerned about:
Regulatory Issues: Forex CFDs (contracts for difference) offered by some prop firms might be in conflict with regulations in certain regions.
Potential Liability: If prop firms using their platform engage in shady practices, it could reflect poorly on MetaQuotes.
This clampdown is one of the factors contributing to the difficulties faced by many forex prop firms, especially those in the US market.
DONT TALK ABOUT IT BE ABOUT!
Can the person you are learning from pull money out of the market?
Not demo money, not show after the fact, but pull up in a market trade with capital at risk. '
Use the said strategy and turn it into cash?
If not, WTF ? Why would you even listen to them? They dont trade like you or I. Risk-free free is not trading!
Jered King
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