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Anyone trading with a Prop firm 31 replies

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  • #33,081
  • Mar 14, 2024 12:03pm Mar 14, 2024 12:03pm
Quoting Capablanca
{quote} I already received 3 payouts through Rise. You can open already now or when you receive the invitation from the prop. If you are about to receive a payout I suggest you open now to go through the KYC process and are already setup at the time of the payout (not that KYC takes long but n the day of the payout you probably don't want to lose time doing KYC and waiting for the prop to be notifies that you already opened the account). I opened multiple Rise accounts, one for each prop, because I also have one email for each prop (which is good...
Thank you, I like to speed up process. Hate when withdrawals take long. I miss deel it was much easier.
  • #33,082
  • Mar 14, 2024 12:09pm Mar 14, 2024 12:09pm
Quoting HengkiTjen
i have purchased mt5 as well but cant download
-Did you try altering your host file?
  • #33,083
  • Mar 14, 2024 1:48pm Mar 14, 2024 1:48pm
Quoting CableJ
{quote} nice, you figured things out! So how did you adjust your system... just dramatically size down? Smaller TPs w/ lower R:R?
Yes, sized down. Being mainly a pivot/fib/adr trader, I am enetering at extremes anyway. Trading small allows me to average in and, generally speaking, by EOD, I'm good. Of course, the days where it just goes right immediately, I close (the apex) shop. If I have other setups, I trade them on my last remaining forex prop or personal account.
One you grasp the power of only needing to grab $200/day and copying it accross 20 accounts, trailing DD doesn't even matter. Going into today and needing $200 to pass the accounts, I had $2,496 in DD available.
  • #33,084
  • Mar 14, 2024 2:56pm Mar 14, 2024 2:56pm
Quoting pipmaster77
One you grasp the power of only needing to grab $200/day and copying it accross 20 accounts, trailing DD doesn't even matter. Going into today and needing $200 to pass the accounts, I had $2,496 in DD available.
-Please correct me if I am wrong, but in order to avail of the max withdrawal every 10 days (so 2k per account, on 50k accounts), you should aim to profit more than 200 each day to allow for some draw-down after you withdraw, or is this thinking incorrect? Just started looking into Apex and saw other traders trying to aim for 400 to 500 each day for this reason.

Although, I suppose that you wouldn't have to withdraw the full 2k. I assume that what you leave in the account stays and can be used as padding?

Thanks.
  • #33,085
  • Mar 14, 2024 3:10pm Mar 14, 2024 3:10pm
Quoting Nsak3y
{quote}-Please correct me if I am wrong, but in order to avail of the max withdrawal every 10 days (so 2k per account, on 50k accounts), you should aim to profit more than 200 each day to allow for some draw-down after you withdraw, or is this thinking incorrect? Just started looking into Apex and saw other traders trying to aim for 400 to 500 each day for this reason. Although, I suppose that you wouldn't have to withdraw the full 2k. I assume that what you leave in the account stays and can be used as padding? Thanks.
So as to not have the stress of needing over $200, I, personally will just trade for more days before making a withdrawal.....my initial goal is 17 days @$200, pulling $1400 per account and leaving $2000 in DD. Keeping in mind, DD is static permanently once you earn $2,600.
However, a higher daily goal works also, I just prefer the less stressful approach of $200....it is a fairly easy target.
I'm sure I will play with these numbers a bit more as I progress, CableJ takes 70% and leaves the rest as buffer. You can build yourself quite a buffer while still making very good money.
  • #33,086
  • Mar 14, 2024 4:16pm Mar 14, 2024 4:16pm
Okay. I understand. Thank you for the clarification.
  • #33,087
  • Mar 14, 2024 4:20pm Mar 14, 2024 4:20pm
Quoting CableJ
{quote} As requested... {image} {image} MFF must be getting a lot of "are they back yet" traffic. No advertising or affiliate marketing and they are still in the top 10... WTF
Thanks for this. If it”s not too much to ask, can you also add Funded Peaks to your list next time you update it? Curious how this newbie fares with the rest. By the way they just added mt4 this week. Love their dashboard. It’s the best for me so far. The “upgrade” button after passing a stage and the 112% refund remind me of “MFF”.
  • #33,088
  • Mar 14, 2024 6:07pm Mar 14, 2024 6:07pm
Quoting Capablanca
{quote} I already received 3 payouts through Rise. You can open already now or when you receive the invitation from the prop. If you are about to receive a payout I suggest you open now to go through the KYC process and are already setup at the time of the payout (not that KYC takes long but n the day of the payout you probably don't want to lose time doing KYC and waiting for the prop to be notifies that you already opened the account). I opened multiple Rise accounts, one for each prop, because I also have one email for each prop (which is good...
You were able to do multiple KYC ? (one Rise account = 1 email = 1 KYC)
  • #33,089
  • Mar 14, 2024 6:45pm Mar 14, 2024 6:45pm
Quoting Cryptosurf
{quote} Yep. This is the way the game is played.
It’s finding the Prop providers that you can run and copy the 20 accounts on an ongoing basis that presents the problem.
  • #33,090
  • Mar 14, 2024 7:25pm Mar 14, 2024 7:25pm
Quoting DwnUndrTrdr
{quote} It’s finding the Prop providers that you can run and copy the 20 accounts on an ongoing basis that presents the problem.
Not sure what you mean......you can have 20 apex accounts and copy through pretty much any one of the platforms.......ninja, quantower, trading view, etc. I use quantower and the copy trader is part of the platform.
  • #33,091
  • Mar 14, 2024 9:55pm Mar 14, 2024 9:55pm
Quoting DwnUndrTrdr
{quote} It’s finding the Prop providers that you can run and copy the 20 accounts on an ongoing basis that presents the problem.
Topsetep = 3, Take profit = 3, Bulenox = 11, Apex = 20... No one else allows 20 accounts
  • #33,092
  • Mar 15, 2024 12:22am Mar 15, 2024 12:22am
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  • #33,093
  • Mar 15, 2024 12:34am Mar 15, 2024 12:34am
The past weeks I see props on my feed slashing prices in half or going BOGO (buy 1 get 1) like deifunded and goat funded traders. We know what that means.
  • #33,094
  • Mar 15, 2024 12:53am Mar 15, 2024 12:53am
Quoting Capablanca
I got finally my Blue payout. Took a week to process, despite I had already received a payout in Rise (so it's not due to first time in Rise).
Just when I was considering getting a challenge from them.
  • #33,095
  • Mar 15, 2024 1:26am Mar 15, 2024 1:26am
Quoting Nsak3y
{quote}-Did you try altering your host file?

i think metaquotes block for security reason
well problem solve just download all to my pc instead VPS
  • #33,096
  • Mar 15, 2024 1:28am Mar 15, 2024 1:28am
Quoting Nehemah
{quote} You were able to do multiple KYC ? (one Rise account = 1 email = 1 KYC)
Yes. So far I have already 4 logins (I'm already preparing for a payout that will be receiving soon).
Used the ID doc and phone number in all of them, just changing the emails (and my face is always the same in the selfie )
  • #33,097
  • Mar 15, 2024 1:29am Mar 15, 2024 1:29am
hi i just requested payout from AlphacapitalGroup received my payout 2 business days.
but i did not received my performance fee or refund fee after i contacted payment department
they only pay me $750 but i purchased around $915
is that normal ?
  • #33,098
  • Mar 15, 2024 1:32am Mar 15, 2024 1:32am
Quoting Contessa22
The past weeks I see props on my feed slashing prices in half or going BOGO (buy 1 get 1) like deifunded and goat funded traders. We know what that means.
Deifunded has a truck of denied payments. Twitter was on fire 2 weeks ago. Everybody speaking about them.

Last it was the turn of Goat being burned. A lot of claims regarding failed accounts. Most of the reasons were too risky style.

We know all props have claims and incidents but these 2 were really in the spotlight in the last 2 weeks.
  • #33,099
  • Mar 15, 2024 1:42am Mar 15, 2024 1:42am
Quoting HengkiTjen
hi i just requested payout from AlphacapitalGroup received my payout 2 business days. but i did not received my performance fee or refund fee after i contacted payment department they only pay me $750 but i purchased around $915 is that normal ?
I'm also waiting for a payout. They seem to have becoming very slow processing (in the past I was getting paid in just a couple of hours but not in the last two payouts). Now they state that they pay in 48 hours.

I received the refund fee when they were still refunding normally, before they changed into bonus fee. Now they say it's an arbitrary value ranging from 0.25-0.5% of the account size.
I thought they were applying a % that would match what we paid.

Keep us posted about this, please.
  • #33,100
  • Mar 15, 2024 1:47am Mar 15, 2024 1:47am
Quoting Capablanca
{quote} I'm also waiting for a payout. They seem to have becoming very slow processing (in the past I was getting paid in just a couple of hours but not in the last two payouts). Now they state that they pay in 48 hours. I received the refund fee when they were still refunding normally, before they changed into bonus fee. Now they say it's an arbitrary value ranging...
i did received payout + bonus Fee $750
never mind
hopefully prop firm still around
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