Is Fxseed legit?
This is a total scam.
Can I scalp with FTMO?
In the FTMO Challenge and Verification, you can trade during news without any restrictions. After you pass the Evaluation Process (consisting of the FTMO Challenge + Verification), and unless your account type is Swing, you should be careful when trading during news releases.
Does FTMO allow hedging?
Your trading style is completely up to you. We have no reasons for limiting or restricting your trading strategy, whether it’s discretionary trading, hedging, algorithmic trading, EAs, etc. We don’t even impose any limits on instruments or position sizes you trade.
Is prop trading illegal?
The rule is often referred to as a ban on proprietary trading by commercial banks, whereby deposits are used to trade on the bank’s own accounts, although a number of exceptions to this ban were included in the Dodd-Frank law.
Do prop traders make money?
A prop day trader typically works as a contractor to a prop trading firm rather than as an employee. Prop traders are not usually paid an hourly wage or salary and do not receive benefits such as health care. They are typically only paid when they generate a profit, which can take months.
What happens if you lose FTMO money?
The good news is that you cannot lose more than this fee as any potential losses on the FTMO Account are covered by us. On top of that, the fee is always refunded back to the trader with his/her first Profit Split from the FTMO Account.
What happens if you fail FTMO?
If the breach happens on your FTMO Account, the corresponding FTMO Account Agreement will be terminated. If you violate the Trading Objectives, your initial fee paid for the FTMO Challenge is forfeited so be sure to stay safe and respect the rules.
Does FTMO allow EAs?
Why was prop trading banned?
The Volcker Rule is one of the more controversial pieces of legislation to emerge from the financial crisis. Attached to the Dodd-Frank Act, the rule was intended to limit banks’ ability to make speculative investments that do not benefit their customers.
Is Maverick Trading legit?
Maverick Trading is one of the nation’s premier trading firms. They have earned this status because of their people, their training program, and the successful trading operations they execute every day. I have been trading with Maverick for several years. The training program is outstanding.