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  • #32,681
  • Mar 6, 2024 9:23pm Mar 6, 2024 9:23pm
Quoting procrude
I think The funded trader is going to be closed anytime. I am not hearing any good news about them anywhere.
I agree.
A snails pace wins the race :-)
  • #32,682
  • Mar 6, 2024 11:13pm Mar 6, 2024 11:13pm
The Funded Trader is one of worst prop firm I have ever seen. I have really really bad experience with them. I would suggest you guys to stay from them and do not waste your hard earned money.
  • #32,683
  • Mar 7, 2024 1:16am Mar 7, 2024 1:16am
Yesterday I was trying to pump or dump my old account of TFT. I made some reckless trades. When I wanted to close it I got an error message
Attached Image (click to enlarge)
Click to Enlarge Name: TFT.PNG Size: 6 KB


I could only close it after an hour or so. I don't bother anymore with that. Whatever they deliver (which is sh*) I will accept without blaming. Zero trust.
-----------
Last night I got a stupid email from them btw. It's like they are the only prop that have to verify these things before payouts.

Subject: Payout Process Updates


Dear TFT Kingdom,
We are listening actively to the community to understand their current experience at TFT, and it's important that we address the most frequent questions we have been receiving to create full transparency. The most critical question to address is regarding our payout operations, specifically around the guidelines we have in place surrounding our trading data.

Payouts are measured by the trading data provided that is deemed within the operations of real financial markets, and are applicable, to real financial markets. The rules we have in place are not to restrict traders, but rather to ensure that our product guidelines result in trading that can reasonably result in the production of usable trading data within the real financial market.

Each payout request is carefully reviewed to ensure that no rules have been violated and are aligned with our FAQs and terms of use. We exercise due diligence as we want to ensure everyone within our ecosystem is assessed fairly and we can uphold the integrity of our trading platform and product. Those that either violate or intend to violate our rules continuously adapt their behaviors and practices to circumvent our systems and checks. Therefore, we have to continuously evolve our systems and practices, carefully analyzing new trends to make proper determinations, and ensure this behavior does not impact the greater community.

This takes additional resources and time which may result in payout holds to our traders, please see some examples below:

  1. We must ensure we can reasonably state the person we are sending money to is who they claim to be to ensure we are not financing any illicit operations or institutions. This can result in delays.

  1. Potential violations of our terms of use and product guidelines may also delay the processing of a payout. We must ensure that the trading behavior demonstrated does not impact the integrity of our trading ecosystem, attempting to reasonably establish fairness among all. If your trading behavior does not follow sound risk management practices as would be seen in the normal financial market, and instead includes any of the following, your trades may be violating our forbidden trading practices:

    1. Exploiting service errors, such as inaccuracies in price displays or delayed updates.
    2. Trading based on an external or slow data feed.
    3. Engaging in or collaborating on manipulative trades, including using connected accounts to take opposing positions.
    4. Trading in ways that contravene the terms of the trading provider or platform.
    5. Using software or methods, like artificial intelligence or high-speed trading, that might distort or unfairly influence trading outcomes.
    6. Initiating trades during significant market events or before extended market closures, known as gap trading.
    7. Engaging in any activities that deviate from standard financial market practices, or pose a risk of financial loss to the platform and our service offering

  1. Significant external risks and factors. We have all, together, experienced some once in a lifetime industry-related events that are external to TFT and our trading accounts. This has resulted in some delays as we above all strive to provide the best trading experience. This won't be the first, or the last adaptation or external news that helps to mature our industry and stabilize it for global adoption.

As some payouts are delayed, we encourage you to continue trading and you will receive an email indicating the processing of your payout. We understand this is a pain point, but as a firm that prides itself on processing $150 million in payouts amongst the most in the industry, we will continue to ensure those that are positive contributors to our product and community are paid!
Lastly, as we continue to drive the path forward during this turbulent time in the industry, we ask that you have patience while we work with third party trading platform providers that may not necessarily be used to the volume the Kingdom has to offer. Rest assured, the dust will settle, and operations will be back to normal in the coming weeks. For now, we will do everything in our power to get to and fairly resolve every single customer issue.

Warm Regards,
The Funded Trader Team

-------------------
But, hey, they have chess tournaments and hold press conferences. Revolutionizing the industry.

  • #32,684
  • Mar 7, 2024 1:17am Mar 7, 2024 1:17am
Quoting Takisd
I miss alicia from deel.
Life was simple with miss Alicia
  • #32,685
  • Mar 7, 2024 2:36am Mar 7, 2024 2:36am
Quoting DeltaCapital
So guys i am kidding loving futures trading, as i feel more safe leaving my money own ibkr than ic markets mauritius but i want more leverage for day trading what i seen is ampfutures offers good leverage for day trading futures do we need to pay any monthly fee for data in mt5 ampfutures?
AMP can be quite confusing to find out information.

MT5 is free to use but you need to pay exchange data feed data ($10/month for CME indexes, for example).

I'm not sure if there are several data feed bridges for MT5. I don't think so. I think it's CQG and you pay an additional $0.1 per contract / per round (so $0.2 per contract round trip).

The best is to look here and simulate the commissions depending on the platform (then you add the monthly fee of the platform if that's not free like MT5).
https://portal.ampclearing.com/accou...sionquote.aspx

And these are the exchanges fees:
https://www.ampfutures.com/trading-i...ange-data-fees

And there is something annoying with AMP/MT5. Despite we are trading in real exchange, the bridge is through CQG and involves a lot of adjustments. See this technical article if you are interested. I have my account full of adjustments, which is something I don't like.
https://faq.ampfutures.com/hc/en-us/...n-MetaTrader-5

Anyway, AMP is a no brainer when we talk about margins. $300 or $400 per contract for daytrading ES for example is incredible low (moe than 1:500) so any costs and annoyances are widely compensated IMO.

Bear in mid, though, that they increase quite a lot (6 or 7x) the required margins in some (not all) red news events. Mostly CPI, FOMC, etc.
You can see here:
https://www.ampfutures.com/news/marg...-news-releases

But that's usually very limited in time. As soon as things are released they wave that and go back to normal margin even before the normal regular session.
  • #32,686
  • Mar 7, 2024 2:45am Mar 7, 2024 2:45am
Hey all, I am interested in looking into funded accounts but have no clue where to start. People here seem to be up to date and knowlegdeable about the current prof firm environment. Can some of you recommend a few decent and most of all safe prof firms with potentially even good offers I should look into. I am living in the EU and would be interested in some of the bigger account options. Also I do intend to hold trades overnight and only make a couple of trades per week until I meet a certain account grow target. If you can share other in depth resources towards prop firms for self studying, I would appreciate that as well. Thx in advance.
  • #32,687
  • Mar 7, 2024 2:51am Mar 7, 2024 2:51am
Quoting Nehemah
{quote} Rise has all the attributes of a secure wallet since you have your own seed. However, don't leave your funds there. Rise is very practical as a transition but not at all in terms of storage
I know you already spoke briefly about this but can you please let me know how do you do when you receive money in Rise ?

Usually I was providing self custody ETH addresses USDC or USDT to props, they would deposit there and then I would move when I wanted.

First time I received money in Rise I moved it to a self custody ETH USDT or USDC address, I can't remember, but I paid a bit in fees. Now gas fees are even worse.

After you receive money how do you do to take it out from Rise ? I'm more or less familiar with the way ETH network/addresses works but not familiar with these things of layer 2 like Arbitrium.
  • #32,688
  • Mar 7, 2024 2:57am Mar 7, 2024 2:57am
Quoting Nvrmd
Hey all, I am interested in looking into funded accounts but have no clue where to start. People here seem to be up to date and knowlegdeable about the current prof firm environment. Can some of you recommend a few decent and most of all safe prof firms with potentially even good offers I should look into. I am living in the EU and would be interested in some of the bigger account options. Also I do intend to hold trades overnight and only make a couple of trades per week until I meet a certain account grow target. If you can share other in depth...
If you are new and looking into a big account your concern should be more about being paid and less about costs. If you're starting in this world and want a big account I think FTMO is the natural first option.

In most of the other ones you run the risk of not being paid for whatever reason, specially if you're going to have a big account and swing trading which can returns high % of profitability. A 5% over 400K is 20K payout and you start to be under pressure from less serious props. Even more if you repeat this several times.

FTMO is the place to go for high amounts IMO.
  • #32,689
  • Mar 7, 2024 3:04am Mar 7, 2024 3:04am
End is near for TFT: rumours of cTrader is also disengaging from prop firms. That would obviously also affect other firms if confirmed.
I used to be indecisive but now I'm not so sure...
  • #32,690
  • Mar 7, 2024 3:06am Mar 7, 2024 3:06am
Quoting Capablanca
{quote} If you are new and looking into a big account your concern should be more about being paid and less about costs. If you're starting in this world and want a big account I think FTMO is the natural first option. In most of the other ones you run the risk of not being paid for whatever reason, specially if you're going to have a big account and swing trading which can returns high % of profitability. A 5% over 400K is 20K payout and you start to be under pressure from less serious props. Even more if you repeat this several times. FTMO is...
Thx and yes the most important thing is that the prof firm is trustworthy. I heard of ftmo but there are hundreds of prof firms nowadays which is why I was asking here if there are other decent options as well.
  • #32,691
  • Mar 7, 2024 4:32am Mar 7, 2024 4:32am
Quoting Capablanca
{quote} I know you already spoke briefly about this but can you please let me know how do you do when you receive money in Rise ? Usually I was providing self custody ETH addresses USDC or USDT to props, they would deposit there and then I would move when I wanted. First time I received money in Rise I moved it to a self custody ETH USDT or USDC address, I can't remember, but I paid a bit in fees. Now gas fees are even worse. After you receive money how do you do to take it out from Rise ? I'm more or less familiar with the way ETH network/addresses...
Take USDC for your payout and after, in Rise, configure in the withdrawal section : USDC ETH with Arbitrum One USDC
If you have Binance you can find easily the adress of deposit in USDC with the blockchain Arbitrum.
The withdrawal by this way is free.

If you use your own wallet, you have to be careful to use the right blockchain (ETH) with the right layer (arbitrum)

In all case, after configuration, send the minimum amount to test and validate the process.
  • #32,692
  • Mar 7, 2024 6:10am Mar 7, 2024 6:10am
Quoting Nehemah
{quote} Take USDC for your payout and after, in Rise, configure in the withdrawal section : USDC ETH with Arbitrum One USDC If you have Binance you can find easily the adress of deposit in USDC with the blockchain Arbitrum. The withdrawal by this way is free. If you use your own wallet, you have to be careful to use the right blockchain (ETH) with the right layer (arbitrum) In all case, after configuration, send the minimum amount to test and validate the process.
Thanks Nehemah, however I'm confused by this.
As far as I remember Blue didn't ask me anything for the payout. They just deposited the money and that was all.
Same for a FXIFY payout that I'm expecting. Its all through the rise email and they are supposed to deposit it there, without myself asking in which currency/token do I want that.
  • #32,693
  • Mar 7, 2024 6:18am Mar 7, 2024 6:18am
Quoting Filipo1
End is near for TFT: rumours of cTrader is also disengaging from prop firms. That would obviously also affect other firms if confirmed.
I would imagine that would be the case only when speaking about the props giving ctrader to american citizens.
  • #32,694
  • Mar 7, 2024 6:42am Mar 7, 2024 6:42am
Is there anyone currently with E8 Markets & if so, how are things going with Match Trader? E8 Market's Trust Pilot reviews seem to be good currently @ 4.8 if that is accurate. I take those reviews not too seriously at times & anyone can post anything. I would appreciate any comments or views anyone is willing to share. I'm currently using E8 Market's 14-day trial using Match Trader & I can make do with the platform, but it's not the best I've seen.
  • #32,695
  • Mar 7, 2024 6:54am Mar 7, 2024 6:54am
Quoting Filipo1
End is near for TFT: rumours of cTrader is also disengaging from prop firms. That would obviously also affect other firms if confirmed.
at the end they will have their own platform
  • #32,696
  • Mar 7, 2024 7:04am Mar 7, 2024 7:04am
Quoting rehmatkhan00
{quote} at the end they will have their own platform
I read that voyage (which is the one with a lot of glitches in TFT) is owned by Angelo. Not sure if Takisd or anyone else is able to confirm it.

According to NOK in twitter, yesterday all of Angelo's received the same message (the one I posted before) about payouts: TFT, SFT, STB and Rocket21
  • #32,697
  • Mar 7, 2024 7:25am Mar 7, 2024 7:25am
Quoting Capablanca
{quote} I read that voyage (which is the one with a lot of glitches in TFT) is owned by Angelo. Not sure if Takisd or anyone else is able to confirm it. According to NOK in twitter, yesterday all of Angelo's received the same message (the one I posted before) about payouts: TFT, SFT, STB and Rocket21
Angelo owns the prop(s), the broker, the LPs and the passing services he then bans traders for using........sounds like a legit operation to me.
  • #32,698
  • Mar 7, 2024 7:35am Mar 7, 2024 7:35am
Quoting Capablanca
{quote} I read that voyage (which is the one with a lot of glitches in TFT) is owned by Angelo. Not sure if Takisd or anyone else is able to confirm it. According to NOK in twitter, yesterday all of Angelo's received the same message (the one I posted before) about payouts: TFT, SFT, STB and Rocket21
yes voyage is angelo. So is rocket21, skilledfunded, Leveled up, TFT, secure the bag, rumor that UWM is also (and its a scam). All of them are essentially scamming at the same time.
  • #32,699
  • Mar 7, 2024 7:39am Mar 7, 2024 7:39am
Quoting Takisd
{quote} yes voyage is angelo. So is rocket21, skilledfunded, Leveled up, TFT, secure the bag, rumor that UWM is also (and its a scam). All of them are essentially scamming at the same time.
and all STILL operational, yet MFF is not.....the system is broken....big time.
  • #32,700
  • Mar 7, 2024 7:40am Mar 7, 2024 7:40am
Quoting Takisd
{quote} yes voyage is angelo. So is rocket21, skilledfunded, Leveled up, TFT, secure the bag, rumor that UWM is also (and its a scam). All of them are essentially scamming at the same time.
which one is UWM ?
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