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  • #28,301
  • Jan 15, 2024 2:32pm Jan 15, 2024 2:32pm
Quoting inversio
{quote} Which props from your jurisdiction?
1) Leeloo
2) Apex
3) The Trading Pit
4) Nextproptrader
5) OneUp Trader
6) Heldental

It is about being Bafin Konform.
Just a handful.

https://sparing-academy.com/trading-...n-deutschland/
  • #28,302
  • Jan 15, 2024 3:49pm Jan 15, 2024 3:49pm
Quoting cuchuflito
{quote} 1) Leeloo 2) Apex 3) The Trading Pit 4) Nextproptrader 5) OneUp...
is that your website? It gave me a seizure as it loaded.
  • #28,303
  • Edited 6:15pm Jan 15, 2024 6:04pm | Edited 6:15pm
Quoting stirmatt
{quote} ! I have seen this kind of calculation and reasoning long enough to here and I believe most of you who reason trading this way should be fly your private Jets by now but at last you are still here looking for Prop firm. Trading doesn't work like this in real life and if you or anyone here believe otherwise, let them put it to test by starting a prop firm 100K challenge and also deposit $500 into their accounts. We will monitor the accounts and see if they will even pass phase 1 challenge not to talk of having...
I just saw your post.

One must have an edge ( edge ) only to trade.

One need not be a professional.

These days, unlimited time is offered to pass.

If one can score 0.5 % a day, he can pass in 1 month.

If one can score 0.25 % a day, he can get funded account in 2 months.

Essentially risk management and fair amount of trading knowledge is needed.

One of my prop firm sent an email to me, one has seen a good opportunity to trade after months in challenge.
Intraday only.
  • #28,304
  • Jan 15, 2024 6:23pm Jan 15, 2024 6:23pm
Quoting cuchuflito
{quote} VERY INTERESTING MATH, Question Pips: Position Size is always the same?
Overall risk size and daily DD are important.

I trade on a 5k demo account because my daily DD on 100k account is 5 % ( 5 k )
Intraday only.
  • #28,305
  • Jan 15, 2024 7:48pm Jan 15, 2024 7:48pm
Quoting cuchuflito
{quote} 1) Leeloo 2) Apex 3) The Trading Pit 4) Nextproptrader 5) OneUp...

thanks a lot
  • #28,306
  • Jan 15, 2024 10:07pm Jan 15, 2024 10:07pm
Quoting Capablanca
{quote} All normal with them, no delays.
i just passed phase 2 done KYC, normally how long till you get funded account ?
  • #28,307
  • Jan 16, 2024 1:28am Jan 16, 2024 1:28am
Quoting HengkiTjen
{quote} i just passed phase 2 done KYC, normally how long till you get funded account ?
I was checking the emails and contract was issued shortly after I passed phase 2 (less than 1 hour) and new credentials came the day after (less than 24 hours).
KYC was already done long time ago in a very old account I had so this may have sped up the process.
  • #28,308
  • Jan 16, 2024 3:08am Jan 16, 2024 3:08am
Quoting navk
{quote} I just saw your post. One must have an edge ( edge ) only to trade. One need not be a professional. These days, unlimited time is offered to pass. If one can score 0.5 % a day, he can pass in 1 month. If one can score 0.25 % a day, he can get funded account in 2 months. Essentially risk management and fair amount of trading knowledge is needed. One of my prop firm sent an email to me, one has seen a good opportunity to trade after months in challenge.
May be you are right in your own way but I would like to see the result by June mate
  • #28,309
  • Jan 16, 2024 3:43am Jan 16, 2024 3:43am
Quoting Takisd
{quote} is that your website? It gave me a seizure as it loaded.
No of course it is not my website. Just a German-decent site, that offers advice to Germans operating with props.
Bafin which is on top of the Finanzamt, if they find your prop account ever trades real funds, even if you are not aware, and payed taxes on your profits, they will literally "break the door of your house", meaning they will come in and take everything away from you. One could expect them to be kind enough to give u a "safe prop firm list".
NOPE, welcome to the modern communist Gestapo.
  • #28,310
  • Jan 16, 2024 3:47am Jan 16, 2024 3:47am
Quoting navk
{quote} Overall risk size and daily DD are important. I trade on a 5k demo account because my daily DD on 100k account is 5 % ( 5 k )
I understand that, but my question was, when you place a trade on your demo, to be copied to the broker and prop accounts, what is your risk size in percentage?
1%, 5%, etc.
I understand the entry, stop, and lot size are copied exactly, am I right?
  • #28,311
  • Jan 16, 2024 3:54am Jan 16, 2024 3:54am
Quoting cuchuflito
{quote} I understand that, but my question was, when you place a trade on your demo, to be copied to the broker and prop accounts, what is your risk size in percentage? 1%, 5%, etc. I understand the entry, stop, and lot size are copied exactly, am I right?
Just 1 : 1

If i loose 300 $ in 5k account, I will loose 300 $ in funded account.

In a challenge account, I set 1 : 3.

If i loose 300 $ in demo, I will loose 900 $ in challenge.
Intraday only.
  • #28,312
  • Jan 16, 2024 5:13am Jan 16, 2024 5:13am
Quoting navk
{quote} Just 1 : 1 If i loose 300 $ in 5k account, I will loose 300 $ in funded account. In a challenge account, I set 1 : 3. If i loose 300 $ in demo, I will loose 900 $ in challenge.
Sorry Navk, but may question was what percentage of the demo are you risking per trade:
Example: 1% R of 5K=50 U$ etc. (meaning the stop placement in relation to lot size).
Sorry for insisting, but that is just the way I do my math.

Btw. your performance as per excel file is outstanding, with those numbers it is easy to play with the math.
  • #28,313
  • Jan 16, 2024 6:31am Jan 16, 2024 6:31am
Quoting cuchuflito
{if they find your prop account ever trades real funds,
Then you are safe because we know it's just simulated funds.

Are they investigating german accounts in these props ? Because, a s far as I know, props don't report to local tax services voluntarily.
  • #28,314
  • Jan 16, 2024 8:14am Jan 16, 2024 8:14am
Anybody tried to change types of identities at FTMO (or any other propFirm) from Natural person to Entrepreneur?
*On existing funded account

I appreciate any insight on this or similar matter. Thanks in advance
  • #28,315
  • Jan 16, 2024 9:58am Jan 16, 2024 9:58am
Quoting navk
{quote} I just saw your post. One must have an edge ( edge ) only to trade. One need not be a professional. These days, unlimited time is offered to pass. If one can score 0.5 % a day, he can pass in 1 month. If one can score 0.25 % a day, he can get funded account in 2 months. Essentially risk management and fair amount of trading knowledge is needed. One of my prop firm sent an email to me, one has seen a good opportunity to trade after months in challenge.

Navk, Please have seen you using copier with your prop account, the one your using allows you to link a copier? which one is that?
Thank you
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #28,316
  • Jan 16, 2024 10:07am Jan 16, 2024 10:07am
Quoting martinez1
{quote} Navk, Please have seen you using copier with your prop account, the one your using allows you to link a copier? which one is that? Thank you
fxblue trade copier.

This is free version
Intraday only.
  • #28,317
  • Edited 12:47pm Jan 16, 2024 10:40am | Edited 12:47pm
Quoting Takisd
{quote} is that your website? It gave me a seizure as it loaded.
Good day, I need your advice.

I am planning to do high value purchase with long term view, doing less frequent trades.
Don't you think anything bad can happen to FTMO from ESMA side till the end of the year? Somewhere article by Czech Central Bank, I saw something like 'if you get paid by demo trades, you may need registration something else'. I also feel like FE is a reliable one who has a future, far from the Western regulators.
300k FundedEngineer or 200k FTMO?
  • #28,318
  • Jan 16, 2024 10:58am Jan 16, 2024 10:58am
Quoting solarpower
{quote} Good day, I need your advice. I am planning to do high risk trade with long term view, doing less frequent trades. Don't you think anything bad can happen to FTMO from ESMA side till the end of the year? Somewhere article by Czech Central Bank, I saw something like 'if you get paid by demo trades, you may need registration something else'. I also feel like FE is a reliable one who has a future, far from the Western regulators. 300k FundedEngineer or 200k FTMO?
I dont know. I approve of both companies but I do not approve of the vendors anywhere right now. UAE is likely to be a late arrival to regulation so maybe go with FE but both as far as i know are reliable choices.
  • #28,319
  • Jan 16, 2024 11:42am Jan 16, 2024 11:42am
Quoting Capablanca
a s far as I know, props don't report to local tax services voluntarily.
-Speaking of which... more good news for Americans... the government is pushing to have money transfer services like PayPal, Venmo, CashApp, Zelle etc. make reports to the IRS on anything over 5k (for the year). They were originally pushing for a $600 threshold, and will likely get there eventually, once businesses have had time to acclimate to the new requirements.

I expect that the 20k thresholds that we currently see with companies like Coinbase will also become tighter; there will be no legitimate on/off ramp service that will not be impacted, I suspect. Hopefully everyone is paying their taxes. I think my businesses forked over nearly 40% last year. Another fun-fact for our fellow non-Americans.
  • #28,320
  • Jan 16, 2024 11:50am Jan 16, 2024 11:50am
Quoting Nsak3y
{quote}-Speaking of which... more good news for Americans... the government is pushing to have money transfer services like PayPal, Venmo, CashApp, Zelle etc. make reports to the IRS on anything over 5k (for the year). They were originally pushing for a $600 threshold, and will likely get there eventually, once businesses have had time to acclimate to the new requirements. I expect that the 20k thresholds that we currently see with companies like Coinbase will also become tighter; there will be no legitimate on/off ramp service that will not be...
And we will miss it because that's just an intermediate step for CBDC. Then companies won't have to report anything because taxman will know everything.
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