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Prop firm fraud in Futures? (on the back of My Forex Fund scam/CFTC ruling)
yes, sadly this is how the retail trading world works. Everything is shit, and you need to find the best shit that does not smell so gross among those.
I finally got to test this out. I want to confirm that I was WRONG. As far as I can tell, Apex DOES NOT send you to the back of the queue. Instead, this appears to be an error with how Motivewave reports the PIQ from Rithmic's paper trading server(s), as others have suggested. Apologies to Apex and anyone who I may have sent into a panic with this.
I sat on the offer on /ZN with my personal & Apex eval accounts in different instances of Motivewave. Then, I moved the take profit up to the best bid. I watched my PIQ move up until I was 5th place on my personal account. Apex showed me as moving further to the back of the line.
In spite of this, both accounts were filled simultaneously at the bid without the level being given up, meaning that the place in queue was nearly identical between the two (theoretically Apex was first, since I placed the limit order there first).
Moral of the story: Motivewave falsely reports PIQ with Apex. This isn't a fault with the software or Apex, it's to be expected when working with a paper trading server, again as others have said. Other moral of the story: my bad trading is all my fault :')
I can post the recording if enough people are interested, it's about 20 minutes long but I can probably edit it down.
Man, I guess you don't understand that your apex-account is a SIM-account and the queue just works with real Live-accounts so if you want to test this with a Rithmic account, you need a connection with Rithmic-01
I think people are confusing the company that provides the accounts (e.g. apex, topstep) from the companies providing the trades and charting. Its going to be rithmic/tradovate/ninja handling the specific fill conditions of your limit order
If you were on a live account, you would see your order in the book, but wouldn't know what position you are in. Same is happening in the sim/demo accounts, except it seems people in this thread are expecting immediate fills when the last trade ticks to your limit? Thats not how most sim providers "fill" your order. Then generally try to wait to make it realistic, which to be honest makes you filled as a last resort
I have not heard of any online prop firm being able to adjust fills when then use a US-registered broker (rithmic, ninja, tradovate, etc.).
I could be wrong here, but I think this is more of an issue with expectations, that if you have a limit order active, that you are filled immediately as price touches that level. When I am trading sim accounts I generally accept that I will be filled later in the depth of that price level book, which aligns with people thinking they get bad fills. That isn't wrong either, you are getting bad fills, but its the sim environment and sim fill calculations from the broker, not nefarious actions of the online prop provider
If you want more realistic fills in your sim trading, you have to use a tool that will approximate your position better. Either way is fine. Sierra Chart has the "Estimated Position in Queue functionality" that tries to enable more realistic fills (https://www.sierrachart.com/index.php?page=doc/TradeSimulation.php)
The defense lawyers filed a motion today, denying all allegations against the prop trading firm by the CFTC, stating that all transactions between MFF and its customers fell outside the scope of the regulator.
ARE YOU SAYING ALL 3 ARE THE TOP OR 2 OF THEM OR ONLY THE 3RD ONE IS TOP.
PLEASE WHAT IS THE BEST IN THE WORLD AT THE MOMENT. IT IS 1 2 3 OR 2 3 OR 3 OR SOME OTHER THING. YOU SHOULD MAKE A STATEMENT IWTH ITS OWN SENTENCE NOT USE PART OF THE SENTENCE FOR DIFFERENT THINGS.
so if you want to test this with a Rithmic account, you need a connection with Rithmic-01 
