Good question. I only do 1 to 3 trades a day. Spreads are definitely very good in TrueForex but would a commission of 7 USD per lot be viable for scalping ? I don't have experience on that.

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As promised, I’m sharing my experience with True Forex where I got my first payout (4 figures low). I had a couple of challenges. Credentials for phase 1 are very fast upon payment (about 15 minutes). After passing phase 1 the login credentials for ...

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Thanks for the feedback Mox I had a deeper look into them again as I hate companies that have hidden rules and arbitrary decision. This is what they have in their FAQ: Prohibited strategies: Martingale trading is the only prohibited strategy. ...

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The main issue with them seemed to be a "risk department" which refused to fund traders, despite they achieved targets and respected all the rules in the challenges phase 1 and 2. The refusal was something related with "style of trading not ...

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I wrote a short review a while ago. Everything fine so far. url In the meantime I also received a payout from True Forex. I'll try to write something about them later today or tomorrow.

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Not sure if that's mandatory by law but a lot of prop firms demand traders' approval on SIE and Series 57 exams.

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among other things, that's clearly ridiculous for a swing trader who use to have high R/R

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Correct. However in the FAQs they say: "Can I have a free retry? If you have not violated the trading parameters on step 1, and your account equity is not below the initial balance after completing the 30 calendar days, you may be entitled to 2 ...

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Props have some general rules that allow them to interpret like they're pleased. I know a lot of people passes FTMO challenges in just 1 or 2 days and than doing 0.01 lots to complete 10 days (I also did that), but if we look into this rule in their ...

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The reset may happen when you blow up a challenge (max loss, for example). When you blow up a 100K challenge you have 2 options: 1. Purchase a new challenge at full price of 499 USD (and this has free retries - it's a normal challenge) 2. Purchase a ...

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And that's correct if it's a new challenge. If it's a challenge coming from a reset there's no free retries. You just have one chance. It happened to me. I pointed those FAQs to them and Caio from The Prop Trading confirmed that resets are not ...

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Just a note regarding The Prop Trading: There is no free retries if the challenge cames from a reset. It happened to me and I have the chat with Caio to proof. "Is a reset account already. It is not eligible for the Free retry ... If the account is ...

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That sounds wise. I think I was too greedy with FTMO, wanting to earn a lot, in a short period of time. Nowadays in funded accounts I try not to lose daily more than 2% of the equity, sometimes even less, usually 2 or 3 trades. I think I learned ...

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I've been interacting with them in the past 2 weeks and was pretty decent, knowing that last week was the one between xmas and new year. I passed a phase 1 Wednesday and received new credentials on Thursday. I passed a phase 2 on Thursday and got ...

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I was with FTMO but last Summer I got an email from them with a termination notice. Apparently they didn't like my trading style and terminated based on their T&C (gambling). My main objective with these trading firms is to fund my own trading ...

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I'm with them since Sep aprox. Got the first payout in mid December, like Funded Trader. It was also paid in crypto, although they use USDT instead of USDC (which is used by MFF and Funded Trader). I paid about 25 USD of gas fee which is fair for ...

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I got the first payout from Funded Trader in mid December. It was paid in crypto. I didn't like that they charged 75 USD for USDC transfer (and that's way more than the gas fees on that day (I could see that this 75 USD was an exact value - they ...

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That's like Top Step Trader Forex. Not a good model. From the moment the max loss = initial balance one is just risking his earned money and not getting 100% of the profits. There are way better models over there. Trailing stop is something to avoid. ...

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The martingale rule can be turned around easily, although it's probably an invitation to be kicked out if one does it.... "Martingale trading is the only prohibited strategy. Martingale to us is defined as opening a position while first position ...

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