@AC_Trades Unfortunately these rules will apply to any firm that goes under, and you take the risk of having to pay back all payouts. This was discussed by @WeAreM7DR on a space.
@Cyclops_Trader This has always been th case. If you canβt meet the 80/20 rule or you are basically doing a 9-5 through a pty ltd itβs psi. Trading income is not psi, because you need to put the money up to trade with right?
@Kellyanntrades@Charles88228780 Apparently any prop firm that goes bankrupt will be treated like a ponzi. There was a guy on a x space that explained the risks. What he said is now happening with this ftt case.
@Kellyanntrades@WeAreM7DR damn you were right when you discussed this on that x space. So basically anyone that has ever got a payout from any firm is vulnerable or will it only be US based traders?