Maryam Khan on LinkedIn: Com with The Funded Trader Team; 0 Technical Knowledge (2024)

We are dedicated to transparency.Rithmic had the same issue this morning as it did yesterday. The issue has been fixed and they have identified and implemented a permanent fix, per Rithmic.The issue was due to Rithmic not purging inactive accounts older than 30 days. These inactive accounts were overloading the database. This is something they should have been doing all along. They will now purge inactive accounts each week to prevent this from occurring in the future.With this new discovery and policy implementation, Rithmic has assured us this should not be a recurring issue. They are also looking into why this fix had not been previously discovered to prevent this week's issues.We want to make it clear that we have no control over vendors like Tradovate/Rithmic/NinjaTrader. We are simply a funding company. However, while we do not have control over vendors, we do have control over how we respond.As a company, Apex Trader Funding has a long history of making things right with our customers. When vendors have a network wide issue, we always make sure accounts get fixed. Therefore, we will be fixing all accounts NEGATIVELY impacted from the past 2 days. Profits will remain. We must wait until after the market closes in order to make the necessary changes or we will impact accounts that have not been negatively impacted.We apologize for the inconvenience and frustration this has caused. As you can imagine, this has overwhelmed our staff. We as a company want to do nothing more than solve any issues and respond to concerns as quickly as possible. Network wide issues make it difficult for us to provide customer service at the level we know you deserve.We are more than just a trading company; we are traders. We are committed to doing the right thing and going beyond what is required of agreement documents.As the CEO of apextraderfunding.com and as a trader just like you, again, I apologize for the frustration and appreciate your patience and understanding. I hope you see our commitment to providing the best experience possible and fixing things to make them right for you even when they are beyond our control.FOR OTHER ISSUES: Please feel free to send us a ticket with the subject outlining any other issues you may have encountered.Please DO NOT send a ticket in regards to the Rithmic outages as per the instructions above.The support team is working through each ticket as fast as they can.To stay updated, please see our Status Update Page in the link below: https://lnkd.in/ef8_RYZ7Sincerely,Darrell MartinCEO of Apex Trader Funding

9

This week, progress on #stablecoin legislation took a turn for the worse. Once considered the low-hanging fruit of #crypto-related legislation, negotiations on the proposed stablecoin legislation seemed to deteriorate on Thursday morning ahead of a planned markup.House Financial Services Committee Chair McHenry blamed the White House for an unwillingness to compromise, saying that a bipartisan deal was “closer than we’ve ever been” before White House involvement. The primary friction point in the bill was the extent to which Federal Reserve and state regulators should share oversight of stablecoin issuers. The current version of the bill would allow states to have authority to oversee stablecoins, which is something that the Fed is strongly against. Democrats, led by Waters, want to ensure that Treasury and the #Fed support the bill and urged McHenry to delay the markup to allow for more time to get agencies on board. McHenry, however, pushed forward with voting on Thursday evening, where the bill, which was expected at one point to be overwhelmingly bipartisan, received limited support from Democrats, therefore ensuring that it is unlikely to pass in the Senate in its current form. However, all hope should not be lost. Although bipartisan work on stablecoin legislation hit a wall, the objections around policy differences were framed within the context of needing more time, not irreconcilable differences. This was a setback to be sure, but perhaps not fatal. The #CartaPolicy team will continue to track these developments and how they will impact the #privatemarkets. To receive these updates directly to your inbox, be sure to subscribe to the Carta Policy Weekly newsletter: https://lnkd.in/eqechk5DHolli Heiles Pandol Lindsay Fraser Anthony Cimino

12

1 Comment

If suspicions arise concerning Profittrade247 or any entity's potential involvement in a scam, prioritize comprehensive research and due diligence. Rely on reputable news outlets, authentic online feedback, and statements from pertinent financial regulators. Ensure to consult local regulatory agencies for alerts tied to Profittrade247. Exercise prudence when approaching financial ventures, especially those touting minimal risk and substantial returns. Prior to any involvement with Profittrade247, seek counsel from dependable financial experts to make well-informed choices. Be vigilant and meticulous in safeguarding your investments from potential scams. https://lnkd.in/dB4_6gia

Big week for #crypto in CongressThis week, the House Financial Services and Agriculture Committees passed legislation on a bipartisan basis that would overhaul the crypto regulatory framework. Despite staunch opposition from HSFC Ranking Member Maxine Waters and other progressives, six HFSC Democrats voted with Republicans in support; the House Agriculture Committee, which splits jurisdiction on this issue, advanced the bill by a bipartisan voice vote.The bill would outline the division of authority between the U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission and expand the CFTC’s oversight of the crypto industry, provide a pathway for platforms to register and trade digital assets, and exempt digital assets meeting certain conditions from the securities laws. The bill would also exclude payment stablecoins from being defined as securities (see more on this from my colleague Amy Miller, CPA). To attract bipartisan support, the updated legislation provides additional funding for the CFTC and removes a safe harbor that would have protected provisional registrants from SEC enforcement actions related to listing or offering securities while regulations are being finalized.👉Bottom line: Substantial movement on a broad crypto framework seemed unlikely at the outset of this Congress. Much work still needs to be done, but the House has maneuvered a bipartisan regulatory overhaul through two committees and moved the needle towards providing regulatory clarity the industry has been calling for. Given opposition from progressives in the Senate, it is unlikely this legislation will be signed into law. But it provides a strong foundation on which additional work can be done this Congress. The Carta Policy Team will continue to track the legislative and regulatory developments in the digital asset space. To receive these updates directly to your inbox, be sure to subscribe to the Carta Policy Weekly newsletter: https://lnkd.in/et5nkQxucc: Anthony Cimino Lindsay Fraser

24

1 Comment

ORBI Trades Review 2024: Is it Legit or Should You Look Elsewhere?https://ift.tt/YWqVz5oConsidering diving into the world of online trading with ORBI Trades? Before you take the plunge, let’s take a deep dive into this platform to see if it meets your needs.1. SummaryORBI Trades is an online trading platform offering a variety of investment products, including forex, stocks, commodities, and indices. However, a major red flag emerges – a lack of regulatory oversight. This raises concerns about the platform’s reliability and the security of your funds.2. Established Year, Headquarters, Website link, Regulatory, Trading Platform, Tradable assets, Deposits and Withdrawals, Educational Resources, and Customer SupportThere’s limited information available regarding ORBI Trades’ founding year or headquarters location. Their website can likely be found through a simple web search for “ORBI Trades,” but be cautious of copycat sites. As mentioned before, ORBI Trades isn’t regulated by any recognized financial authority. The platform itself remains undisclosed, making it difficult to assess its user-friendliness.While ORBI Trades boasts a range of tradable assets, the lack of transparency around fees, deposit/withdrawal methods, and educational resources makes it a risky proposition. Customer support details are also scarce, raising concerns about how you’d get help if needed.3. Pros and ConsPros:Potentially offers a diverse range of investment products.Cons:Unregulated platform, raising security and reliability concerns.Lack of transparency around fees, deposit/withdrawal methods, and trading platform.Limited educational resources and unclear customer support channels.4. FeaturesDue to the platform’s secrecy, it’s impossible to definitively discuss specific features offered by ORBI Trades.5. Final ThoughtsWhile ORBI Trades might entice you with its variety of investment options, the complete absence of regulation is a giant red flag. There’s a high risk of encountering unfair practices or even fraud. It’s best to steer clear of ORBI Trades and consider established, well-regulated brokers for your online trading endeavors.6. FAQsIs ORBI Trades a safe platform to trade with?No. The lack of regulation surrounding ORBI Trades makes it a risky proposition. Your funds could be unsafe, and there’s no guarantee of fair trading practices.Are there better alternatives to ORBI Trades?Absolutely. Numerous reputable and regulated online brokers offer a variety of investment products with clear fee structures, secure platforms, and dedicated customer support.What should I look for in an online broker?Regulation by a recognized financial authority is paramount. Look for transparency around fees, a user-friendly trading platform, a good selection of tradable assets, and reliable customer support.1 post - 1 participantRead full topicvia Broker Jungle - Latest topics https://ift.tt/PyrWZd5March 09, 2024 at 03:27PM

MEX Atlantic Review 2024: Is it Right for You?https://ift.tt/Dk2efz6MEX Atlantic is a forex and CFD broker established in 2020. They claim to be part of the MultiBank Group, a well-established financial institution. However, it’s important to note that MEX Atlantic itself is not regulated by any major financial authority, which raises a red flag for many traders.Let’s delve deeper into MEX Atlantic’s offerings to help you decide if it’s the right fit for your trading journey.Established Year: 2020 Headquarters: Unclear (claims to be part of MultiBank Group) Website: http://mexatlantic.com/ Regulatory: UnregulatedTrading Platform: MEX Atlantic offers the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, providing a familiar experience for many traders.Tradable Assets: MEX Atlantic boasts a diverse range of tradable assets, including:Forex: Major, minor, and exotic currency pairsCommodities: Gold, silver, oil, and moreIndices: Major stock market indices like S&P 500 and FTSE 100Stocks: Shares from individual companiesCryptocurrencies: Bitcoin, Ethereum, and othersDeposits and Withdrawals: MEX Atlantic offers various deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets. However, some user reviews mention withdrawal issues, so proceed with caution.Educational Resources: MEX Atlantic provides limited educational resources compared to other brokers. They offer a basic FAQ section and some market analysis articles, but lack in-depth educational materials.Customer Support: MEX Atlantic offers 24/7 customer support via live chat, email, and phone. However, some user reviews report slow response times and unhelpful interactions.Pros:Wide range of tradable assetsPopular MT4 and MT5 platformsCons:Unregulated, raising security concernsLimited educational resourcesMixed reviews regarding customer supportPotential withdrawal issues reported by usersFeatures:Leverage: Up to 1:400 (varies depending on the instrument)Minimum deposit: $50Account types: Standard, Pro, and ECNFinal Thoughts:MEX Atlantic offers a diverse range of assets and familiar trading platforms. However, the lack of regulation, limited educational resources, and mixed user reviews raise significant concerns. It’s crucial to thoroughly research and consider alternative, well-regulated brokers before committing your funds to MEX Atlantic.FAQs:Q: Is MEX Atlantic safe?A: As MEX Atlantic is not regulated by any major financial authority, it raises safety concerns.Q: Does MEX Atlantic offer a demo account?A: Yes, MEX Atlantic offers a demo account for you to practice trading before committing real funds.Q: What are the withdrawal fees?A: MEX Atlantic’s withdrawal fees are not readily apparent on their website. It’s advisable to contact their customer support for clarification.1 post - 1 participantRead full topicvia Broker Jungle - Latest topics https://ift.tt/...

Dollars Markets Review 2024: Is it Right for You?https://ift.tt/w5P0KSaDollars Markets positions itself as a user-friendly forex broker, but should it be your go-to platform? This Dollars Markets review will dive deep into everything you need to know, from its founding year and features to its pros, cons, and customer support.Established Year, Headquarters, Website link, RegulatoryWhile an exact founding year isn’t publicly available, Dollars Markets operates from Saint Vincent and the Grenadines. Their website is https://lnkd.in/dgfXGVGx However, a crucial point to consider is their lack of major regulatory oversight. This raises concerns about investor protection.Trading Platform, Tradable assetsDollars Markets offers a proprietary trading platform. While details are limited, it allows trading forex pairs, some commodities, and potentially CFDs (Contracts for Difference).Deposits and WithdrawalsThe minimum deposit is a relatively low $15, making it accessible to new traders. Accepted deposit methods include credit/debit cards, wire transfers, and potentially e-wallets (information unclear). Withdrawal methods likely mirror deposit options, but research processing times and fees before committing.Educational Resources, Customer SupportThe availability of educational resources is unclear. Customer support can be reached via email and phone, but response times and effectiveness are unknown due to limited user reviews.Pros and ConsPros:Low minimum depositPotentially user-friendly platformCons:Lack of major regulation raises security concernsLimited information on platform features and tradable assetsUnclear educational resources and customer support effectivenessFeaturesWhile specific features are difficult to pinpoint due to a lack of transparency, some potential features could include:Leverage (use caution, leverage can magnify profits and losses)Margin trading (similarly, manage risk carefully)Basic order types (market orders, limit orders, etc.)Final ThoughtsDollars Markets’ lack of transparency and regulation makes it a risky proposition for forex traders. With limited information on features, educational resources, and customer support, there are safer and more reputable brokers available. Consider looking for a platform with a strong regulatory presence, a proven track record, and a clear commitment to user education and support.FAQsIs Dollars Markets safe?Dollars Markets’ lack of major regulation raises security concerns. It’s advisable to choose a well-regulated broker.What are the minimum deposit requirements?The minimum deposit is $15, which is relatively low.Does Dollars Markets offer educational resources?The availability of educational resources is unclear.What customer support options does Dollars Markets offer?Customer support can be reached via email and phone, but response times and effectiveness are unknown.1 post - 1 participantRead full to...

The rise in the democratisation of investing and trading can sometimes be a double-edged sword.As platforms enable access to a world of opportunities, all at your fingertips, finding a trusted provider is your first, and most important investing and trading decision.So, it’s not surprising that rookie traders are wary of potential scams, however that may be a good place to start. Being diligent with your research around your broker is the first step to being assured that you’ve made that first decision with confidence.There are some key questions you should always ask before deploying your hard-earned funds, such as:❓ Does the broker hold the appropriate licensing in your jurisdiction?❓ Where are my assets and cash held?❓ Do I have complete transparency on all fees?❓ What does the customer service model look like?I would encourage any trader to not solely rely on a social media post or conversation with a potential provider, but to instead insist on seeing the documentation that lays behind their claims. You also have the opportunity to check on the website of your jurisdiction's regulator to ensure your broker is appropriately licensed.Whilst the headline in a social media post may be alluring, a savvy trader should dig deeper to gain confidence they’ve made their first decision a smart one – picking a reputable broker for the long term.Thank you to Arnab Shome and Finance Magnates #reputablebroker #savvyinvestor #thingsthatmatter

4

📣 This is serious. RIAs, Broker-Dealers, and other financial institutions not only need to archive their electronic communications (eComms), but they need to monitor and maintain their records too.You need more than just an archiver. You need experienced compliance professionals that can evaluate your eComms setup and maximize your archiving platform. Contact us today for a free consultation.#secompliance #RIAcompliance #text #whatsapp #wechat #IM #research #strategy #socialmedia #email #instantmessaging #CFTc #compliance #regtech #regulation #marketingstrategy #advisors #communications #fintech #wealthtech #RIA #IBD #financialadvisor #IFA #archiving #SEC #CFP #cco https://lnkd.in/grvkbTxn

$10,000 Digital Asset Reporting Requirement Under IRC Sec. 6050I Starts in 2024By: Nate Shubert, Walter Zinenko, and Sarah E. AdkissonEffective for returns due after December 31, 2023, there is a new mandate to treat digital assets as cash in transactions exceeding a fair market value of $10,000 under IRC Sec. 6050I. Learn more about how this may affect you: https://bit.ly/3RXAuvu

3