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- 👀 Major Futures firms coordinate to shut down Cashback affiliate sites
👀 Major Futures firms coordinate to shut down Cashback affiliate sites
Lets get ourselves prepared for the week ahead!
Kieran Gohil
September 15, 2025
Hi guys, it’s Kieran. Another week is upon us and the markets are open, so lets get into it.
📢 Prop Firm Industry News
Social media drama this week as prop firm influencer Patrick Wieland seemingly managed to convince all the major futures firms to no longer allow affiliate cashback sites to promote their services in exchange for cash rebates. This seems to be targeted at BrianStonk’s cashback site ‘Smart Prop Firm’ which gives cashback to traders every time they use their code. What seemed like some petty engagement farming from Patrick, managed to force a response by all the major firms, see below.
Giving people 5% Rebate so they use your code more and you make more money...
FOR THE PEOPLE
Affiliates get 15-25% comission at some firms then act like they're saving the industry by offering a 5% rebate on the money you spend.
FOR THE PEOPLE!!!! Brian is making six
— Patrick Wieland (@WielandTrades)
12:53 PM • Sep 10, 2025
🚨Affiliate Update🚨
Effective immediately, Tradeify will no longer accept affiliates that use cash rewards or rebates.
This approach does not align with the purpose of our affiliate program — which is built to reward partners who provide genuine value and education to traders
— Tradeify (@Tradeify)
6:35 PM • Sep 10, 2025
MFFU prides itself on trust, transparency, and an elevated trading experience.
To further this mission, MFFU is no longer working with affiliates who offer a cash back or rewards based program.
MFFU is incredibly proud of the network of creators and educators that it works
— MyFundedFutures (@MyFundedFutures)
7:47 PM • Sep 10, 2025
Effective immediately: Lucid Trading affiliates may not offer cash rebates or cash prizes tied to their codes❌
We want our partners to add value:
✔️Share our vision
✔️Keep traders informed about our plans and programs
✔️Help build and grow the trading community🫡
— Lucid Trading (@TradingLucid)
12:58 PM • Sep 10, 2025
Offering rebates or cash prizes for traders to use your code isn’t allowed.
Differentiate yourselves by providing value to traders.
GIVE REAL VALUE.
#ticks
— Khaled (@Khldfx)
7:00 PM • Sep 9, 2025
Response from Smart Prop Firm 👇️
We will pivot to non cash rewards and focus on more value for our users. 👍
— SmartPropFirm (@smartpropfirm)
7:09 PM • Sep 10, 2025
From Payout Junction, here are the firms who paid out the most over the last 7 days 🏆️.
🔥 Monitor prop firm payouts LIVE on Payout Junction - https://payoutjunction.com.
🕜 Red Folder News
Here are this week’s red folder news events. All eyes will be on the Fed this week, at Wednesday’s FOMC meeting, where they will finally make their rate decision and offer future guidance on the path of interest rates in the US. A 0.25% rate cut is pretty much guaranteed, but there is a slim possibility of 0.5%. Either way, expect major volatility around this event.
📈 The Macro View
We wait…
All eyes on the Fed, the likely direction of interest rates, and the likely direction of markets. Wednesday should give us some clarity. Neutral sentiment for now, lets see where we are a week from now.
The mid-September whipsaw is due.
The final flush-out before the end of year rally typically happens around now. On a 20 year lookback, mid-September usually delivers a huge whipsaw, sweeps all the stops from the summer, and rallies off the lows. FOMC on Wednesday is just the type of event that can provide the volatility and liquidity for a such a market event. Trade safely this week.
The big money remains watching from the sidelines.
S&P500 is up +11% since Mid-June, breaking out to all-time highs almost every week, yet positioning on Goldman Sach’s Prime book remains light. The big money still hasn’t bought into this rally. Waiting and watching…maybe the start of a new rate cutting cycle will be enough to tempt them back….only time will tell…
OK guys that’s everything from me, have a great week!
Kieran
📚 Further Reading
What are the key mistakes that cause traders to fail prop firm challenges? This week’s question to PerplexityAI includes:
Poor Risk Management
Drawdown Limit Violations
Over-leveraging and Stop-losses
Emotional Trading Mistakes
Click the link below!
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