H1: Does MyForexFunds (MFF) Allow Copy Trading? The Definitive Answer & What You Need to Know
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H1: Does MyForexFunds (MFF) Allow Copy Trading? The Definitive Answer & What You Need to Know
Alright, let's just cut straight to the chase, shall we? You're here because you're probably looking for a straightforward answer about MyForexFunds (MFF) and its copy trading policies, maybe hoping to replicate a successful strategy or share your own. And if that's the case, I need to deliver some news that, frankly, isn't going to be what you wanted to hear. The definitive answer, the undeniable truth, is that whether MyForexFunds allowed copy trading or not is, tragically, completely moot. MyForexFunds, the prop firm that once dominated so many conversations in the retail forex trading space, the one that promised such incredible scaling opportunities and quick payouts, is no longer operational. It’s gone. Finished. Kaput. So, while we can delve into what their policies used to be for the sake of context and understanding, the immediate reality is that you cannot copy trade with MFF because MFF simply doesn't exist anymore as a functioning entity.
This isn't just a minor hiccup; it was a seismic event that sent shockwaves through the entire proprietary trading firm industry. For countless traders, myself included, it was a harsh, undeniable lesson in the inherent risks of dealing with unregulated entities, no matter how shiny their marketing or how attractive their profit splits seemed. We're talking about a company that, for a significant period, was almost synonymous with the dream of funded trading. It was a name that came up in every trading forum, every YouTube video, every whispered conversation among aspiring forex millionaires. To think that it's now just a ghost in the machine, a cautionary tale, is genuinely sobering. But don't despair just yet. While MFF might be a closed chapter, the underlying desire for copy trading, for finding efficient ways to leverage capital and expertise, is still very much alive and valid. My goal here isn't just to deliver the bad news, but to help you navigate this post-MFF landscape, understand what happened, and more importantly, figure out where you can go from here to pursue your trading goals responsibly.
H2: The Immediate Reality: MyForexFunds is No Longer Operational
Let's not beat around the bush any further; it's a tough pill to swallow, but it's the absolute truth. MyForexFunds was shut down by regulators. Poof. Gone. This isn't some temporary suspension or a rebranding exercise; this was a full-blown regulatory intervention that effectively ended the company's operations. What this means, very plainly, is that any discussion about its current copy trading policy is utterly pointless. You can't ask a ghost for its rules, can you? It's like asking a defunct airline about its baggage allowance for a flight that will never take off. The company, as we knew it, ceased to exist in the operational sense, and with it, any possibility of engaging in any form of trading, copy or otherwise, through their platform.
I remember when the news first broke. It was a Thursday morning, I think, and my phone started buzzing with messages from fellow traders. "Have you seen this?" "MFF is down!" At first, there was disbelief. MFF was huge. How could a company of that scale, seemingly so successful and with so many active traders, just vanish overnight? But as the details emerged, the initial shock gave way to a grim understanding of the situation. Accounts frozen, payouts halted, websites inaccessible. It was a stark reminder that in the often-unregulated or lightly regulated world of proprietary trading, even the biggest players can be vulnerable to external forces, especially when those forces are governmental regulatory bodies. This wasn't a market crash; this was a deliberate, legal action taken against the company, alleging serious misconduct.
The implications of this shutdown extend far beyond just the question of copy trading. It fundamentally altered the landscape for thousands, if not tens of thousands, of traders who had invested their time, effort, and sometimes significant challenge fees into MFF. Many had passed evaluations, were actively trading funded accounts, and were expecting payouts that never materialized. The suddenness and finality of it left a profound sense of betrayal and loss. For those who had poured hours into developing a strategy, honing their skills, and finally achieving a funded status, only to have the rug pulled out from under them, it was devastating. It truly highlighted the precarious nature of relying solely on a single prop firm, especially one operating in a jurisdiction with less stringent oversight or one whose practices eventually caught the eye of powerful regulators.
So, while we could hypothetically speculate on what MFF might have allowed regarding copy trading if it were still operational, that exercise serves little practical purpose now. What does serve a purpose is understanding why this happened, what lessons we can extract from this unfortunate saga, and how we can apply those lessons to make more informed, safer decisions moving forward in the prop trading arena. The MFF shutdown isn't just a historical footnote; it's a living, breathing case study in the risks and realities of this exciting, yet sometimes treacherous, corner of the financial world. It demands our attention not for nostalgia, but for future prudence.
H3: Understanding the MFF Shutdown and Its Impact on Traders
The MFF shutdown wasn't some quiet, internal restructuring; it was a public and dramatic intervention by major financial regulators. Specifically, the Commodity Futures Trading Commission (CFTC) in the United States and the Ontario Securities Commission (OSC) in Canada took decisive action against MFF and its owner, Traders Global Group Inc. The allegations were severe, painting a picture of a company that was allegedly misrepresenting its operations, engaging in deceptive practices, and potentially even operating a Ponzi scheme. This wasn't about a few missed payouts or minor rule infringements; these were accusations of widespread fraud, misleading marketing, and a fundamental breach of trust with its trading community. The CFTC, for instance, specifically alleged that MFF was defrauding customers, misrepresenting its trading activities, and operating as an unregistered retail foreign exchange dealer. These are heavy charges, and they led directly to the freezing of assets and the cessation of all operations.
For the active traders caught in the crossfire, the impact was immediate and brutal. Imagine you've just passed your MFF challenge, feeling on top of the world, or perhaps you've been trading a funded account for months, consistently hitting your targets and expecting your next payout. Then, overnight, access to your trading platform is cut off. Your account balance, which you saw growing steadily, becomes an inaccessible number. Any capital you had accumulated, any profit you had made, any pending payouts – all frozen, locked away in an legal battle that traders had no part in initiating. The emotional toll was immense. I spoke to several traders who had literally quit their day jobs, banking on their MFF income, only to find themselves in a sudden, terrifying financial void. The sense of vulnerability, the feeling of having invested so much only for it to be snatched away by circumstances entirely beyond their control, was a recurring theme. It was a stark, painful lesson in counterparty risk.
The aftermath was a period of intense confusion, anger, and despair. Information was scarce, scattered across various online forums and social media channels. MFF's official communication channels went dark, leaving traders feeling abandoned and without recourse. There was talk of class-action lawsuits, of trying to recover funds, but the reality of international legal battles against frozen assets is a long, arduous, and often unrewarding path for individual traders. The entire situation underscored the fundamental difference between trading your own capital with a regulated broker and trading firm capital through a proprietary trading entity that might operate in a legal grey area. With a regulated broker, your funds are typically segregated and protected by various schemes; with MFF, the funds were seemingly intertwined with the firm's operations, making recovery incredibly challenging once regulators stepped in.
This whole saga served as a massive, painful wake-up call for the entire retail prop trading community. It forced traders to confront uncomfortable questions: How much due diligence did I really do? Did I fully understand the regulatory environment (or lack thereof) the prop firm operated in? Was I swayed too much by attractive profit splits and easy scaling, overlooking potential red flags? The MFF shutdown wasn't just about one company; it became a symbol of the inherent risks in an industry that, while offering incredible opportunities, also harbors significant pitfalls for the unwary. It taught us that the promise of quick riches, especially when tied to entities operating without robust regulatory oversight, often comes with a hidden, potentially catastrophic, cost.
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H2: What MFF's Stance on Copy Trading Used to Be (and Why It Matters for Context)
Even though MFF is no longer with us, understanding their past stance on copy trading isn't just an academic exercise; it provides crucial context for how prop firms generally approach this topic and helps us understand the regulatory tightrope they walk. Before its demise, MyForexFunds, like many prop firms, had specific, albeit sometimes ambiguously worded, rules regarding copy trading. Generally speaking, they allowed some forms of copy trading, particularly if it was your own strategy being copied across multiple MFF accounts that you personally owned and managed. This was a critical distinction. The idea was to allow traders to scale their successful strategies across multiple accounts to maximize their profit potential, which, let's be honest, was a huge draw for many. If you had a winning system, you could potentially apply it to several MFF accounts, multiplying your earnings without having to manually execute trades on each one. This was seen as an efficiency gain, a way for successful traders to truly leverage the firm's capital.
However, the firm was generally quite strict, or at least claimed to be strict, about external copy trading – meaning copying trades from someone else's account, or allowing someone else to copy your trades, especially if that person wasn't also trading an MFF account. This was largely due to several factors, including risk management, intellectual property concerns, and the desire to prevent arbitrage or "gaming" their evaluation system. Imagine if one trader found an edge, and suddenly thousands of people could instantly replicate that edge across an equal number of MFF accounts. The firm’s risk exposure would skyrocket, and their evaluation metrics could be easily bypassed. So, while MFF wanted to enable successful traders to grow, they also needed to protect their own capital and maintain the integrity of their challenge process. It was a delicate balancing act, and their policies were designed to encourage individual trading prowess while discouraging anything that looked like systemic exploitation of their funding model.
The issue of copy trading within prop firms is always a hotbed of discussion because it touches upon the very essence of what a prop firm is supposed to foster: individual trading talent. When you introduce the ability to simply copy someone else's trades, it starts to blur the lines of who is actually demonstrating the "skill" that the prop firm is supposedly evaluating and funding. MFF, in its earlier days, was somewhat more lenient than some other firms, especially when it came to self-copying. They understood that a trader with a proven strategy might want to maximize their returns, and from a business perspective, if the trader was profitable, MFF also profited. But this leniency often came with unwritten rules or interpretations that could change, leading to confusion among traders. This ambiguity, coupled with the eventual regulatory issues, makes it clear that relying on a firm's implied or flexible policies, especially in crucial areas like automated or copied trading, can be a recipe for disaster.
Ultimately, MFF's evolving stance, or lack of absolute clarity, on copy trading reflected the broader industry's struggle to define these boundaries. They wanted the benefits of attracting top talent who could scale effectively, but they also needed to mitigate the significant risks associated with automated or widely replicated strategies. The fact that this discussion is now entirely theoretical for MFF only underscores the importance of scrutinizing current prop firms' rules with an even finer tooth comb. Don't just look for what's allowed; look for what's explicitly prohibited and what the underlying philosophy of the firm is regarding automated and copied trading.
H3: The Nuances of MFF's Past Copy Trading Policies
Delving deeper into MFF's past policies on copy trading reveals a landscape that was, frankly, a bit of a minefield for the uninitiated. While they generally permitted a trader to copy their own trades across multiple MFF accounts registered under their own name, this wasn't a blanket approval for all forms of automation or trade replication. The devil, as always, was in the details, and those details were often buried in their terms and conditions, or sometimes only clarified through support tickets or community forums. The primary objective for MFF, like any prop firm, was to identify and fund genuinely skilled, independent traders. Allowing self-copying enabled these traders to scale without necessarily needing to manually manage each individual account, which is a significant time-saver and efficiency booster for a successful strategy.
However, there were strict caveats. For instance, you couldn't use a third-party copy service that linked different individuals' accounts. That was a firm no. The idea was that the skill had to reside with you, the individual being evaluated and funded. If you were simply plugging into someone else's signal service, MFF wasn't funding your skill; they were indirectly funding an external provider. This distinction was critical for their business model and risk assessment. Moreover, even with self-copying, there were often concerns about latency and slippage, especially if trades were being copied across many accounts simultaneously. While the firm might have allowed it, the technical execution could sometimes lead to discrepancies, which, while not a violation, could certainly impact the overall profitability and consistency across those accounts.
Another crucial nuance involved the use of Expert Advisors (EAs) or automated trading systems. MFF generally allowed EAs, but again, with stipulations. The EA had to be your own or one that you had legitimate rights to use, and it couldn't engage in certain prohibited strategies like arbitrage, high-frequency trading (HFT) that exploited latency, or "tick scalping" that could manipulate market feeds. These types of strategies were typically viewed as attempts to game the system rather than demonstrate genuine trading acumen. The line between a sophisticated, legitimate EA and a prohibited one was often blurry, leading to many frustrated traders whose accounts were flagged or even terminated for what they believed was legitimate automated trading. It highlighted the challenge for prop firms to create rules that are both comprehensive and easy for traders to understand and adhere to, especially in the rapidly evolving world of algorithmic trading.
The constant tension between what MFF said was allowed and what traders perceived to be allowed was a source of ongoing discussion in the trading community. This ambiguity, coupled with the often-opaque nature of how violations were detected and enforced, contributed to an environment where traders sometimes felt they were walking on eggshells. It's a prime example of why, when dealing with any prop firm, it's not enough to skim the headlines; you have to dive deep into the terms and conditions, seek clarification on any ambiguities, and understand the spirit behind their rules, not just the letter. The collapse of MFF only amplifies this need for hyper-vigilance, as traders now understand that the consequences of misunderstanding or misinterpreting a firm's rules can be far more severe than just losing a challenge fee.
H3: Why Prop Firms Often Restrict Copy Trading (General Principles)
The reasons why prop firms, in general, tend to restrict or heavily regulate copy trading are deeply rooted in their business model, risk management strategies, and the very philosophy behind their existence. It's not just about being difficult; it's about protecting their capital and maintaining the integrity of their evaluation process. Firstly, and perhaps most importantly, prop firms are in the business of identifying and funding individual trading talent. They want to find traders who can consistently generate profits through their own skill, analysis, and decision-making. If a trader is simply copying someone else's trades, it becomes incredibly difficult for the firm to assess that individual's genuine ability. Are they profitable because they're a good trader, or because they found a good signal provider? The firm needs to evaluate you, not a third-party service.
Secondly, risk management is paramount. Imagine a scenario where a single, highly successful strategy is being copied by hundreds or even thousands of funded accounts within the same prop firm. If that strategy suddenly hits a rough patch, or if the market conditions change and it starts losing money, the firm's exposure to risk becomes massive and concentrated. A single strategy failure could lead to catastrophic losses across a huge portion of their funded capital. By restricting widespread external copy trading, firms aim to diversify their risk across a multitude of independent strategies and traders, rather than putting all their eggs in one basket, even if that basket seems to be consistently winning. This also prevents scenarios where a "master" account goes rogue or makes a critical error, impacting potentially thousands of "slave" accounts simultaneously.
Pro-Tip: The "Originality" Principle
Most reputable prop firms operate on the "originality" principle. They want to fund your original trading ideas and execution. If you're using an EA, it should be your EA, or at least one you've extensively backtested and understand its logic. Copying someone else's live trades, even if through an EA, often violates this core principle, as it obfuscates the source of the trading edge.
Thirdly, there's the issue of market impact and arbitrage. If a very successful signal is copied by many traders simultaneously, it can lead to a surge of identical orders hitting the market at the same time. This can cause slippage, making it harder for all the copied trades to get filled at the intended price, and can even create temporary market imbalances that could be exploited. Furthermore, some forms of copy trading, particularly those involving high-frequency or latency-sensitive strategies, can be used to arbitrage price discrepancies between different brokers or data feeds. Prop firms are generally very wary of such tactics, as they don't represent genuine trading skill and can be detrimental to the firm's relationships with its liquidity providers or brokers. They want traders to profit from market movements, not from exploiting technical glitches or speed advantages.
Finally, there's the question of fairness and the integrity of the challenge process. Prop firms invest significant resources in designing evaluation phases that are meant to genuinely test a trader's discipline, risk management, and profitability. If traders can simply bypass these tests by copying successful trades, it undermines the entire system. It makes it unfair to those who put in the hard work to develop their own skills, and it dilutes the quality of the "funded traders" that the firm is supposedly cultivating. So, while the allure of copy trading is undeniable for many, prop firms have very legitimate, business-critical reasons for setting stringent rules around it. Understanding these fundamental principles is key to navigating the prop firm landscape successfully and avoiding potential pitfalls.
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H2: The Allure and Risks of Copy Trading in Prop Firms
The concept of copy trading, especially within the context of proprietary trading firms, holds an almost irresistible allure for many. It promises a shortcut, a way to tap into the expertise of seasoned professionals without years of personal struggle, or a method to scale a proven strategy with minimal manual effort. Who wouldn't want to potentially earn profits by simply replicating the successful moves of someone else, especially when that "someone else" is consistently beating the market? This dream of passive income, or at least highly leveraged income, is a powerful motivator. However, like most things that seem too good to be true, copy trading, particularly in the prop firm environment, comes with a significant array of inherent risks and hidden dangers that often get overshadowed by the promise of easy gains. It's a double-edged sword, offering both tantalizing opportunities and potentially devastating consequences if not approached with extreme caution and a full understanding of its complexities.
On one hand, the idea of leveraging someone else's proven track record is incredibly appealing. For new traders, it offers a way to participate in the markets and potentially earn while they learn, absorbing strategies by observing them in real-time. For experienced traders, it can be a way to diversify, to allocate a portion of their capital to a strategy they might not have the time or expertise to execute themselves, or to scale a successful personal strategy across multiple accounts. The psychological burden of trading can also be immense, and for some, copy trading offers a way to offload that stress, letting a "master" trader bear the brunt of the decision-making. It speaks to a very human desire for efficiency and optimization, especially in a field as demanding as financial trading. When a prop firm offers substantial capital, and you can apply a winning strategy – whether your own or copied – to that capital, the potential for exponential growth seems within reach.
On the other hand, the risks are often underestimated until it's too late. The primary danger lies in the lack of direct control and understanding. When you copy trades, you are inherently trusting another individual or system with your capital (or in this case, the prop firm's capital that you're responsible for). You might not understand the underlying strategy, its risk parameters, or how it will perform under different market conditions. What works well in a trending market might fail spectacularly in a ranging one. Furthermore, the incentives of the "master" trader might not always align perfectly with your own or with the prop firm's rules. They might take on excessive risk for a quick win, knowing they'll get a large profit split if it works, but leaving you (and the prop firm) exposed if it doesn't. This disconnect in incentives is a silent killer for many copy traders.
Moreover, the regulatory ambiguities surrounding copy trading, particularly when combined with the often-unregulated nature of many prop firms, create a perfect storm of uncertainty. If something goes wrong, if the "master" trader blows up their account, or if the prop firm itself faces issues (as we saw with MFF), your recourse can be severely limited. The promise of high returns often clouds judgment, leading traders to overlook critical red flags in their eagerness to participate. The MFF shutdown served as a stark, painful reminder that even the most seemingly robust and popular platforms can disappear, taking with them any hopes of easy profit. Therefore, while the allure of copy trading is strong, a deep understanding of its inherent risks, ethical considerations, and the specific rules of any prop firm involved is absolutely non-negotiable for anyone considering this path.
H3: The Benefits: Why Traders Seek Copy Trading Options
Let's be honest, the idea of copy trading is incredibly appealing, and for good reason. It offers several compelling benefits that draw traders in, especially when combined with the allure of a funded account from a prop firm. One of the primary advantages is access to expertise without direct experience. For new or less experienced traders, copy trading provides a shortcut to participating in the markets with strategies developed and executed by seasoned professionals. Instead of spending years learning the ropes, backtesting, and enduring the inevitable painful losses that come with developing your own strategy, you can potentially tap into someone else's proven track record. This can significantly reduce the learning curve and, theoretically, accelerate your path to profitability. It's like having a top-tier mentor trading for you, allowing you to learn by observation while potentially earning.
Another significant benefit is diversification and efficiency. Even experienced traders might find value in copy trading. Perhaps you specialize in a particular market or strategy, but you want exposure to another asset class or a different trading style without having to personally dedicate the time and effort to master it. Copy trading allows you to diversify your trading portfolio by allocating a portion of your capital (or funded account) to a different strategy or trader. For those who already have a successful strategy, copy trading across multiple accounts (as MFF used to allow for self-copying) offers unparalleled efficiency. You develop one winning system, and then you can scale its application across several funded accounts, essentially multiplying your potential profits without increasing your manual workload. This leverage of time and effort is a powerful draw for maximizing returns once an edge is found.
Insider Note: The "Time-Freedom" Factor
Many traders are drawn to copy trading because it promises a degree of "time-freedom." If you're copying a reliable trader, or if your own EA is doing the work, you're not glued to the charts all day. This allows for other pursuits, whether it's developing new strategies, spending time with family, or even maintaining a day job while your funded accounts potentially grow in the background. It's a powerful psychological pull.
Furthermore, copy trading can offer emotional detachment from the trading process. One of the biggest hurdles for any trader is managing emotions – fear, greed, impatience. When you're copying someone else's trades, especially if it's an automated system, you can remove yourself from the moment-to-moment decision-making. This can lead to more disciplined execution, as the emotional biases that often plague individual traders are bypassed. Of course, this assumes you trust the master trader or the system implicitly, which is a big "if." But the promise of trading without the constant emotional rollercoaster is a very strong incentive for many. The idea of "set it and forget it," even if only partially true, is a powerful driver for seeking out copy trading solutions within the prop firm ecosystem.
H3: The Drawbacks: Hidden Dangers and Ethical Concerns
While the allure of copy trading is strong, it's absolutely critical to shine a bright light on its significant drawbacks, hidden dangers, and the ethical quagmires it can create, especially within the context of prop firms. The first, and perhaps most insidious, danger is the lack of control and understanding. When you copy someone else's trades, you are essentially outsourcing your trading decisions. This means you might not fully grasp the underlying strategy, its risk parameters, or why certain trades are being taken. You're putting blind faith in another individual or system. What happens when market conditions change dramatically, and the copied strategy, which performed beautifully in a bull market, starts to bleed heavily in a volatile or ranging one? Without understanding the "why," you're ill-equipped to make informed decisions about when to stop copying, adjust risk, or even understand if the strategy is fundamentally flawed for the current environment. This can lead to significant losses, sometimes wiping out an entire funded account before you even realize what hit you.
Secondly, there's a profound misalignment of incentives and accountability. A "master" trader might be incentivized to take on excessive risk for a few massive wins, knowing that if they succeed, they get a large profit split, but if they fail, it's the prop firm's capital (and your potential future with the firm) that takes the hit. Their risk tolerance might be far higher than yours, or higher than the prop firm's rules technically allow, but it might only become apparent after a catastrophic loss. Furthermore, who is truly accountable when things go wrong? The master trader? The prop firm that allowed the copy? Or you, for choosing to copy? The lines blur considerably, making recourse incredibly difficult. This ethical dilemma is amplified in an unregulated environment, where legal protections for copied traders are often non-existent.
Pro-Tip: Due Diligence on the "Master"
If you must copy trade, treat the "master" trader or signal provider as you would any financial advisor – with extreme skepticism and rigorous due diligence. Look beyond flashy returns. Demand to see verified, long-term track records, drawdowns, risk parameters, and consistency across various market conditions. Understand their trading philosophy inside and out. If they can't provide this, run.
A third major drawback involves performance degradation and slippage. Even with a perfectly executed copy trading setup, there's often latency between the master account's execution and your account's execution. In fast-moving markets, this delay, however small, can lead to significant slippage, meaning your trades are filled at less favorable prices than the master's. If you're copying many trades over time, these small differences can accumulate, leading to a noticeable degradation in your overall performance compared to the master's reported results. What looked like a 20% gain for the master might only be 15% for you after slippage and commissions. This "copy decay" can eat into your profitability and make it much harder to meet prop firm profit targets or stay within drawdown limits.
Finally, there are the ethical and rule-based concerns from the prop firm's perspective. As discussed earlier, many prop firms prohibit or heavily restrict external copy trading because it fundamentally undermines their model of funding individual talent and managing risk. If you are caught violating these rules, the consequences can be severe: immediate account termination, forfeiture of all profits, and a permanent ban from the firm. With the MFF shutdown serving as a stark reminder, the consequences of misinterpreting or deliberately bypassing a prop firm's rules can be catastrophic, not just for your current trading capital, but for your entire future in the funded trading space. The allure of easy money from copy trading often blinds individuals to these very real and potentially career-ending risks.
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H2: Navigating the Post-MFF Landscape: Finding Reputable Prop Firms
The collapse of MyForexFunds sent a clear, thunderous message across the prop trading world: due diligence is no longer an option; it's an absolute necessity. The post-MFF landscape is one where traders are, rightly so, far more skeptical, cautious, and demanding of transparency from proprietary trading firms. This isn't just about finding a firm that allows copy trading or offers attractive profit splits; it's about finding a firm that is sustainable, transparent, and ethical. The days of blindly trusting flashy marketing and high-payout promises are, or at least should be, over. Navigating this new reality requires a fundamental shift in how traders approach selecting a prop firm, placing a much greater emphasis on reliability, regulatory considerations, and the long-term viability of the company itself. It means asking tougher questions, digging deeper into their operational models, and understanding the potential pitfalls that might not be immediately obvious.
It's a bit like buying a house after a major earthquake. You're not just looking at the aesthetics anymore; you're scrutinizing the foundation, checking for structural integrity, and asking about seismic retrofitting. Similarly, after the MFF tremor, traders are now looking beyond the superficial offerings of prop firms. We're now asking about the underlying business model: How do they actually make money? Is it primarily from challenge fees, or from genuinely profitable trading operations? We're looking at their communication channels, their responsiveness, and how they handle disputes. A firm that goes silent or provides vague answers when things get tough is a massive red flag. The era of "move fast and break things" in prop trading is hopefully giving way to an era of "move cautiously and build trust." This means that firms themselves are under increased pressure to demonstrate their legitimacy and commitment to their traders, not just with words, but with verifiable actions and transparent policies.
The collective experience of
