CFTC Statement on Court Sanctions Against CFTC in MFF / Traders Global Case. MFF case is set to conclude the first week of June via @MDiamondFinance

CFTC to re-focus on fraud Could potentially lead to some major FX eval companies returning to the USA market.

Forex Evaluation Industry Restart nearing completion as industry looks to rebound from rock bottom. - FTMO Acquiring Oanda - MFF case conclusion - Circuit Breakers and edge-eroders are finally being put into place industry wide Up from here GL

Incredible Q4 Loading for Futures Evals. 🍀

ZB-Gate Disaster Cont'd MFFU & TTT restrict trading in treasuries. Are companies (TTT) sure it's a good idea to call execution on the only feed they provide FRAUD? Do the feeds get abused? ABSOLUTELY! Or are they just used? In the futures evaluation niche 95+% have never executed a trade in a live brokerage, and 99.999% will never execute an equivalent size live. Theoretically, how are traders supposed to know if their strategy is only working because of the sim environment, as they execute on the feed they are provided? Potentially a mistake to call customers who use the only feed provided to them, within the listed rules, "FRAUDS". How do companies confess to not having the technology or history of offering the feed they require to be used? And worse, retroactively apply fills? Potential FRAUD confession on the other side of the evaluation. Very tough one to navigate for eval sellers, which is why some are taking their time to come up with a solution There is also an option to pay attention to what is going on in the industry and under your own roof. To avoid paying catch-up a year later. If scalping and hold time restrictions by major players didn't give it away.. Phidias extensively covered the exact "schemes" and inability to replicate them back in July. Now what? Do you refund all failed accounts/data with CBOT trades? Retroactively cancel fills? Call customers who use the only available feed FRAUDs? No easy way out, all solutions are a mixture of expensive, paying [ab]users, compliance or PR disasters. Apex is attempting "probation", no new purchases, changed cushion/withdrawal rules, DCA removed while honoring old fills for ZB-gaters. Other majors are still at the drawing board. Rumor: Those who have been aware of the sim bond gold mine, but chose not to dabble, are expressing remorse not 50x-ing GDP of some Eastern European villages by teaching them to be ZB/ZN experts in 15 minutes. As it is probably not a sin to use the product that is advertised and provided to you. ZB-Gate will be expensed to normal customers via reduced EV of opportunities. Fortunately opportunities are still amazing and life-changing. GL to all involved. --- Don't trade underfunded without understanding that your eval company could disappear tomorrow.

ZB-Gate [Futures] Earlier this year, customers and groups started exploiting demo fills &or spreading Bonds/Treasuries. In June/July some companies became aware and either banned scalping or ZB trading/spreading. This month groups became so emboldened that they became impossible to ignore. Top 4 in Sales this week: Topstep - No official announcement yet. Apex - Conducting investigations, banning ZB etc. MFFU - Unaffected due to scalping being banned. FTT - ZB trading investigation. Smaller - many ZB bans/investigations. Wild times.

New Apex Era starting next week. Slight release delay to iron out risk manager and support. As mentioned last week, most notable: New payout schedule - no more windows, reduction of days traded requirement. Active rule violation/schemer/scammer monitoring to avoid payout anxiety. Commitment to "No Denials" as breaches will be detected before the request.

TopTier CEO, who is still listed on the website as CEO, resigned two weeks ago? No announcement on official company channels. Whether rug pulling entire major countries[x.com/FundTraders/status/175…], turning 2 phase evaluations into 3+ phases [via unknowable secondary review criteria], changing rules on the fly, or silently changing leadership.. "For traders" operation will do anything but make it easy to understand what is being bought, what is being traded, and who is selling these schemes Big loss for TTT as Mr Guttman was perceived as stabilizing and transparent personality of an "influencer" firm with questionable history. Being CEO of a company facilitating CFD trading out of and into US is likely a very unappealing gig going into late '24, early '25. GL to all involved, DYOR.

AstraCapital Done Play stupid games, win stupid prizes. Thank you @tiltboybenny96 and @salmanmunir96 for your work. Far from a victimless existence, but better now than later as they were planning to expand into futures and tech.

TopStep cruising past $1M/business day payout mark in September.

Apex Comeback? Sep 1-5 Payouts Requests with Sep 15 payout decision date processed. User reports indicate Apex returning to more trader friendly payout approval methods. Many customers approved early, shortly after requests. On Mon, Sep 16th, mass-processed remaining requests. No widespread video requests. With the new payout schedule announcement imminent, Apex will attempt to reverse the market share trend. Early this year: Apex eval+data fees were multiples of Top 3 competitors, combined. Today: Topstep, MFFU & FTT combined sales/fees exceed those of Apex. Apex new format play is forced here as evaluation shoppers are becoming more savvy and Apex is trailing major competitors in payout and downtime expectancy. Only major live trailing drawdown evaluations company also has up to 12 days of downtime per payout and wields lower end 30% soft payout consistency requirements. The new format will also help capture lucrative single account buyers, not just degenerate 20 account recyclers. Very interesting to see if the new payout schedule will be applied to old accounts or new purchases only. New payout schedule applied to current PA accounts would be a great indicator of strength, as 8 figures of extra profits would become available to traders. GL to all involved. Don't trade evals without being a peace with eval company potentially disappearing.

1,200,000 USD difference? Underdiscussed: Futures Live Demotion and Queue It is now common knowledge that Futures eval companies will be required to have a path to Live Funding, not just operate full-time simulated hamster wheels. This has already gotten out of control and 50+ new evaluation companies are launching soon. Rule #1: If the company doesn't advertise and disclose the exact details of the "move to Live", it is safe to assume it will be unpleasant. Profits What happens to earned profits at the time of promotion? The current range of options: Best - Can be withdrawn - more drawdown is provided for you. Good - Transfer balance to live environment, all withdrawal rules remain the same. Average - Can withdraw part of earned profits, the rest is your cushion. Bad / Confiscation - The evaluation company makes all of your earned profits unavailable and "invests" [part] of your profits into your Live trading. Queue: Many companies allow 10, 20 to an unlimited amount of queue accounts. During live demotion/promotion: Best - queue remains Average - queue is forfeited Below average - queue is forfeited and new purchases are banned. Earned profit withdrawal/confiscation + earned drawdown range between futures evaluation options is estimated to be over $1.2M USD. To add to the confusion - the best eval fee ROI options are companies with a theoretical live promotion scenario, but very few custom offers. Allowing unlimited eval purchases for fee income and using profit & queue confiscation aka Live "promotion" is the most lucrative way to operate this business. With it being impossible to undercut current offerings while remaining profitable, it is safe to assume that many offerings will be managed through rule changes, hidden rules, or Live demotion. If you are buying evaluations and have no idea what this post is about, please, DYOR, it could save you lots of frustration and maybe even over $1,000,000. While nobody is owed to be provided unlimited drawdown and investment, evaluation buyers are owed clarity and transparency when buying 99+% failure rate products. Fortunately, it's illegal to make deceptive potential earnings claims and cause injury disguised as a promotion. Will be handled over the next 6-18 months. For now, GL!

Apex mass-approving payouts from 15-20 window with EOM due date. Many customers who did not submit video are getting approved as well.

Futures Payout Leader Battle: Apex - KYC'd customers are recording multiple sessions bracketing Labor Day / Back to School weekend to get 3 week old payout requests approved. Topstep - Approved more payouts on Labor Day than all companies listed on Rise, combined. Including requests pending for 0 business seconds. Only Apex shock new format announcement and seamless payout PR win can prevent TS from overtaking Apex as a leader in Evalandia monthly payouts by 2025. Companies going parabolic past $10M/mo payout mark have very poor history. FTMO - only company to do it unscathed. 4 others either shut down or significantly diluted product quality. A little concern that TS is both going parabolic, flying past $10/m mark [$15+ September projection] AND becoming more trader friendly. Potentially unnecessary risk for #1 company that doesn't need to worry about anything besides scaling, and is gaining relative favorability via Apex demise and FX/CFD turbulence. The futures battle wages on. First $100M futures eval payout month is projected for mid 2025. Only a regulatory shock event can stop it. --- Mentions are never recommendations, DYOR. GL

Congratulations @traderkane on the new record largest payout in eval world history!

Fast Track - Futures $1.5M+ in payouts since joining Rise *yesterday* arbiscan.io/tokentxns?a=0x34… (Good amount of payout to unclog the backlog from company vacation/onboarding delay) Fastest company, by far, to $1M and $5M in payouts in FX & Futures evaluation history Pros - 5% EOD DD - 20x accounts - Direct to sim funded - DCA allowed - 5% target to unlock payouts [Once, not each payout] How they attempt to make it work: - 20% payout consistency - Curbed payout for first 8, 2x max for next 4. Advance to live funded after. - Higher price tag Notable: - Possible to reset half of day's losses for a fee. - No credit cards yet. Wire/Ach or Crypto for payment - Rithmic-only. Tradovate Soon. - CEO active with updates on YT/Discord - 12 payouts with 20% consistency requirement curbs BOOM risk. Unlikely there have been many 12 payout accounts with even 30% consistency at massive user base Apex. Who knows: - If regulators are going to curb Apex 20x account madness. Difficult to imagine 20x direct sim funding not drawing attention. Easy fix with pro-rating account size. - Can they scale, is this too good to be true? - Is 20% consistency enough to manage all the toxic flow madness arriving via Rithmic? The direct sim-funding model is very appealing. Passing evaluations is a numbers game and credit card swiping exercise for most. Why not skip the formalities? Eval trading data is utterly useless. 20% consistency lowers payout probability and cleans data. Fascinating entrant into Evalandia that will cause waves as long as the payout keeps flowing. Mentions are never recommendations, always DYOR when making eval purchasing decisions. GL

🚨 Apex mass requests video recordings hours after releasing video about speeding up payout approval process. 10s of millions in payouts impacted over the last 3 months. ++++ Apex Updates the Process Vows to speed up the payout process and to improve detection of rule violations. No significant format changes announced yet. Apex took a fake-it-till-you-make-it approach with advertising "two payouts per month" and are finally developing the technology and staff to grow into the claim. Due to reviews, video requests, outages and days traded requirements, it has been nearly impossible to accomplish 2 approved payouts in a month recently. "Much much more" to be released later will be the defining moment for the trajectory of the evaluation company. Trailing drawdown evaluations with 30% payout consistency and trading style restrictions are losing their luster, unless heavily discounted. TopStep + MFFU combined payouts are expected to surpass Apex by Q4. Apex payouts were ~4x TST+MFFU earlier in the year. Fascinating futures eval race continues. GL out there.

CME GROUP TO LAUNCH BITCOIN FRIDAY FUTURES ON SEPT. 30 cmegroup.com/media-room/pres… -- Futures eval degeneracy about to reach new heights.

ThinkCapital abandons USA restriction. Will more regulated CFD broker backed "education services" follow suit? FTMO/5Ers/Funded Next/most broker-backed and few other trusted names sitting on the sidelines leaves a big opportunity to capitalize on US fees during FX eval turmoil. --- Mentions are never recommendations.

The "CFTC" "No-Action" Pings but it has nothing to do with reliable players shifting the landscape of FX evals... 💔 CFTC / MFF most recent update here: x.com/MDiamondFinance/status… (Non-event for customers getting clarity) One year MFF anniversary next week, as one of best eval options got shut down without opportunity to unwind or correct. Meanwhile scams, schemes and rug pulls are running wild ever since.