This is a real blow to the industry, especially in the US.
@markostradingjourney5 ай бұрын
Yes! Time for the US guys to move to trading futures!
@Exzal1236 ай бұрын
That's a bit scary. My plan rely 100% on prop firms, I hope they'll stand.
@Ki11ah_pips6 ай бұрын
Get Funded as fast as possible then put your withdrawals in your personal account 🫰🏾
@mmapng6 ай бұрын
considering the present market conditions, there should be no problems. Everything is evolving through technology. im 17 and gonna turn 18 this year so i will finally trade with a prop firm
@markostradingjourney6 ай бұрын
Why don't you have a personal account to focus on? Very important to trade a personal and use prop firms to build up the personal account!
@Exzal1236 ай бұрын
@@markostradingjourney Ultimately I will ! For the moment I'm only doing demo account until I'm totally consistent. But I decided to never work anymore for anybody to get a salary, I prefer to be poor and free rather than "not so poor" and slave to someone making real money aka the boss... SO that means I've got no capital at all for a personal account; prop firms will be my way to start building capital ^^
@markostradingjourney6 ай бұрын
Nice, but the best traders I know have a primary source of income from lets say a 9-5 job to cover the monthly expenses. Then they have their trading income on the side and they can make so much money since there is no psychological pressure to cover the monthly bills from trading. I would advise against quitting your job! You can trade while working a 9-5 with the strategies that I trade because I trade only on the 1hr chart :)@@Exzal123
@Jamesfxxx6 ай бұрын
Thanks for the update Marko! 👍
@markostradingjourney6 ай бұрын
No worries James! Thank you for your support :)
@user-cw6vt8eb6k5 ай бұрын
It's interesting that despite all these changes, Axi Select seems to remain a stable option, but unfortunately not for the US(
@fantasticmrforex6 ай бұрын
The5ers definitely seem the best way to go currently. Very transparent with everything they do and how they operate!
@markostradingjourney6 ай бұрын
Yeah! I like 5%ers they seem legit but I still need to do more research!
@user-ul6bp1nh4l6 ай бұрын
Bhai the5ers chhor chhe leta nahi Bhai
@fantasticmrforex6 ай бұрын
@@user-ul6bp1nh4l what makes you say that? They are one of the oldest companies in the industry with a consistent track record & I've never had any issues myself (or seen others with their own issues)
@timetogrow34246 ай бұрын
If they dont offer you MT4 they are scam
@markostradingjourney6 ай бұрын
What do you mean?
@timetogrow34246 ай бұрын
That means they dont have real broker to folow them thats means they are not safe firm
@markostradingjourney6 ай бұрын
What else could they offer except mt4 & mt5? ctrader?@@timetogrow3424
@timetogrow34246 ай бұрын
@@markostradingjourney they are looking for a new one dont remember the name
@markostradingjourney6 ай бұрын
Cool!@@timetogrow3424
@forexbz6 ай бұрын
Nice video Marko 👍
@markostradingjourney6 ай бұрын
Thank you bro!
@wizAdams6 ай бұрын
Hi marko which propfirm did you prefer?
@markostradingjourney6 ай бұрын
Its a very volatile space but if I had to pick I would go with FTMO in this current climate.
@rauox5 ай бұрын
This is rumor. 8Cap continue to give services to all prop firms. Eightcap says “business as usual”, remains excited for the future of prop industry. US citizen will not get MT for time being..
@markostradingjourney5 ай бұрын
Nope! 8cap is gradually dropping all prop firms! It will take some time tho.
@jdanyonsan19506 ай бұрын
I'd think it takes a couple of months to integrate new platforms working at top speed (have scoped out an MT5 build where MT4 existed myself).
@markostradingjourney6 ай бұрын
Yeah, I am not sure how quickly can they do it!
@EdgeAI26115 ай бұрын
I have account in tft 8 cap broker is my account gone??
@markostradingjourney5 ай бұрын
Best thing to do is to contact TFT support! They will help you more than I can :)
@ambiencelectronica6 ай бұрын
What about Topstep? Are they good?
@yvetteramirez91106 ай бұрын
This is forex. Futures doesn't have problematic issues
@markostradingjourney6 ай бұрын
Don't know much about them. Which broker are they using?
@mrvillain666 ай бұрын
MFFX AND TFT SAID IN THEIR DISCORS THAT FOR EUROPEAN THERE WON’T BE ANY PROBLEMS WITH MT4/MT5
@xaviermcallister46086 ай бұрын
What is Metaquotes - the providers of MT4/MT5 saying. That's the root of the matter.
@markostradingjourney6 ай бұрын
We shall see! Nothing is guaranteed!
@user-we5pn8pt8t5 ай бұрын
Yes, it looks like a complete collapse for many of them.
@markostradingjourney5 ай бұрын
Unfortunately it does! Time for the US traders to move to trading futures prop firms!
@StopsniffingkidsJOE6 ай бұрын
Who told you that MetaQ did not want to work with propfirms 😒
@markostradingjourney6 ай бұрын
Everyone knows this by now!
@StopsniffingkidsJOE6 ай бұрын
8 cap came out and said that wasn’t true 🤷♂️
@markostradingjourney6 ай бұрын
Can you send the link to this information?
@anthonynoelson8276 ай бұрын
how about funded next?
@Saint876_6 ай бұрын
Yeah could you answer this ?
@markostradingjourney6 ай бұрын
Don't know much about them so can't say :(
@abdulahielmi7606 ай бұрын
It's only Feb and the whole prop firm industry are on there hands and knees. 100% Marko the best firms will survive and those firms will lead the industry.
@markostradingjourney6 ай бұрын
Yes! We just have to wait it out and see which ones survive. In the end this will be good for us traders!
@gregorylaney84416 ай бұрын
Hard to see how this will be good - less competition means fewer benefits and higher prices. It will be interesting to see how it shakes out.@@markostradingjourney
@markostradingjourney6 ай бұрын
Prop firms will be more transparent and not scheme in the background!@@gregorylaney8441
@roycestandard61536 ай бұрын
Yeah, the prop firms will come back but they are only going to work with traders Out side of the US. The traders in the US will have to use a IP changing software and get paid through untraceable means in order to use the prop firms.
@gusmanue83376 ай бұрын
Yep thats exactly what will happen shout out express vpn! Lol
@markostradingjourney6 ай бұрын
Yeah but using a VPN and getting payouts through these untraceable ways is highly risky and a lot of people will lose a lot of money on this. I would be extremely careful as a US trader!
@Lonewolf_Fx6 ай бұрын
Nah vpn isn't gonna work because when you're going to do your KYC, you can't change that easily
@xaviermcallister46086 ай бұрын
Some Prop firms know when you are using a VPN, or switching IP's and some of them will refuse to pay out based on this. MFF were hot on this.
@Lonewolf_Fx6 ай бұрын
Ain't gonna lie, any firms that takes on us traders imma stay far, Cfds is illegal in USA, so it doesn't matter if they switch to ctrader or dxtrader, only a matter of time.
@lazarium11544 ай бұрын
I have my strategy on trading view and eightcap is the only broker i know of which is used by prop firms and synced witb TV 😢 if anyone can recomend any prop firms thay are synced with TV ill love you forever
@markostradingjourney4 ай бұрын
I don't know of any sry. But I recommend sticking to the most reputable prop firms and finding a way to copy trades from your personal account to the prop account!
@timetogrow34246 ай бұрын
Why none talk about why they reject propfirm now they are ALL scam all none is serious even ftmo ll not take us client now.if you think you can trade trade your own money...
@markostradingjourney6 ай бұрын
Best thing to do is focus on the personal account and see if you can attract outside investors! Old school!
@hunterguy306 ай бұрын
The U.S. is so messed up over here at this point it would make sence for me to just leave the country, just to trade..sad how controlling the U.S. is, im tired of it frankly
@markostradingjourney6 ай бұрын
Yeah I know what you mean but why don't you try to build up a good track record on your personal account and attract investors?
@lazarium11544 ай бұрын
You say that but in UK crypto is banned because the government sucks and prop firms are the one of the few ways we can trade it :(
@markostradingjourney4 ай бұрын
@@lazarium1154 I don't think crypto is banned in the UK?