Eightcap Is Cutting Ties With PROP FIRMS! What Does This Mean For The Prop Firm Space?

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Marko's Trading Journey

Күн бұрын

Пікірлер: 71

@user-cw6vt8eb6k 5 ай бұрын

This is a real blow to the industry, especially in the US.

@markostradingjourney 5 ай бұрын

Yes! Time for the US guys to move to trading futures!

@Exzal123 6 ай бұрын

That's a bit scary. My plan rely 100% on prop firms, I hope they'll stand.

@Ki11ah_pips 6 ай бұрын

Get Funded as fast as possible then put your withdrawals in your personal account 🫰🏾

@mmapng 6 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

@markostradingjourney 6 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!

@Exzal123 6 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 ^^

@markostradingjourney 6 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

@Jamesfxxx 6 ай бұрын

Thanks for the update Marko! 👍

@markostradingjourney 6 ай бұрын

No worries James! Thank you for your support :)

@user-cw6vt8eb6k 5 ай бұрын

It's interesting that despite all these changes, Axi Select seems to remain a stable option, but unfortunately not for the US(

@fantasticmrforex 6 ай бұрын

The5ers definitely seem the best way to go currently. Very transparent with everything they do and how they operate!

@markostradingjourney 6 ай бұрын

Yeah! I like 5%ers they seem legit but I still need to do more research!

@user-ul6bp1nh4l 6 ай бұрын

Bhai the5ers chhor chhe leta nahi Bhai

@fantasticmrforex 6 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)

@timetogrow3424 6 ай бұрын

If they dont offer you MT4 they are scam

@markostradingjourney 6 ай бұрын

What do you mean?

@timetogrow3424 6 ай бұрын

That means they dont have real broker to folow them thats means they are not safe firm

@markostradingjourney 6 ай бұрын

What else could they offer except mt4 & mt5? ctrader?@@timetogrow3424

@timetogrow3424 6 ай бұрын

@@markostradingjourney they are looking for a new one dont remember the name

@markostradingjourney 6 ай бұрын

Cool!@@timetogrow3424

@forexbz 6 ай бұрын

Nice video Marko 👍

@markostradingjourney 6 ай бұрын

Thank you bro!

@wizAdams 6 ай бұрын

Hi marko which propfirm did you prefer?

@markostradingjourney 6 ай бұрын

Its a very volatile space but if I had to pick I would go with FTMO in this current climate.

@rauox 5 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..

@markostradingjourney 5 ай бұрын

Nope! 8cap is gradually dropping all prop firms! It will take some time tho.

@jdanyonsan1950 6 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).

@markostradingjourney 6 ай бұрын

Yeah, I am not sure how quickly can they do it!

@EdgeAI2611 5 ай бұрын

I have account in tft 8 cap broker is my account gone??

@markostradingjourney 5 ай бұрын

Best thing to do is to contact TFT support! They will help you more than I can :)

@ambiencelectronica 6 ай бұрын

What about Topstep? Are they good?

@yvetteramirez9110 6 ай бұрын

This is forex. Futures doesn't have problematic issues

@markostradingjourney 6 ай бұрын

Don't know much about them. Which broker are they using?

@mrvillain66 6 ай бұрын

MFFX AND TFT SAID IN THEIR DISCORS THAT FOR EUROPEAN THERE WON’T BE ANY PROBLEMS WITH MT4/MT5

@xaviermcallister4608 6 ай бұрын

What is Metaquotes - the providers of MT4/MT5 saying. That's the root of the matter.

@markostradingjourney 6 ай бұрын

We shall see! Nothing is guaranteed!

@user-we5pn8pt8t 5 ай бұрын

Yes, it looks like a complete collapse for many of them.

@markostradingjourney 5 ай бұрын

Unfortunately it does! Time for the US traders to move to trading futures prop firms!

@StopsniffingkidsJOE 6 ай бұрын

Who told you that MetaQ did not want to work with propfirms 😒

@markostradingjourney 6 ай бұрын

Everyone knows this by now!

@StopsniffingkidsJOE 6 ай бұрын

8 cap came out and said that wasn’t true 🤷‍♂️

@markostradingjourney 6 ай бұрын

Can you send the link to this information?

@anthonynoelson827 6 ай бұрын

how about funded next?

@Saint876_ 6 ай бұрын

Yeah could you answer this ?

@markostradingjourney 6 ай бұрын

Don't know much about them so can't say :(

@abdulahielmi760 6 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.

@markostradingjourney 6 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!

@gregorylaney8441 6 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

@markostradingjourney 6 ай бұрын

Prop firms will be more transparent and not scheme in the background!@@gregorylaney8441

@roycestandard6153 6 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.

@gusmanue8337 6 ай бұрын

Yep thats exactly what will happen shout out express vpn! Lol

@markostradingjourney 6 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_Fx 6 ай бұрын

Nah vpn isn't gonna work because when you're going to do your KYC, you can't change that easily

@xaviermcallister4608 6 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_Fx 6 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.

@lazarium1154 4 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

@markostradingjourney 4 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!

@timetogrow3424 6 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...

@markostradingjourney 6 ай бұрын

Best thing to do is focus on the personal account and see if you can attract outside investors! Old school!

@hunterguy30 6 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

@markostradingjourney 6 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?

@lazarium1154 4 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 :(

@markostradingjourney 4 ай бұрын

@@lazarium1154 I don't think crypto is banned in the UK?