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  • #36,421
  • May 13, 2024 9:36am May 13, 2024 9:36am
Quoting Novazor
{quote} What abbout MFFX i tought they were insolvent too
They have some reserve but not much. The others are falling faster.
  • #36,422
  • May 13, 2024 9:39am May 13, 2024 9:39am
Quoting Inception12
{quote} Such a shame, the forex prop firms have been a nice revenue stream but i guess all good things come to an end. I know FTMO and 5ers seem to be holding strong but am not holding my breath. The clock started ticking on the futures props as well.
For futures odds are more in their favor probably 100 times more as compared to forex prop firms. Unless CFTC disrupts they will remain.
  • #36,423
  • May 13, 2024 9:50am May 13, 2024 9:50am
Quoting sampat
{quote} For futures odds are more in their favor probably 100 times more as compared to forex prop firms. Unless CFTC disrupts they will remain.
Their models are based off revenues from failed challenges covering the few wining traders. It may take longer but ultimately will fail just like the forex props since it's still structured the same way. I've seen apex starting to pay out millions every month and they cant sustain that over the long time if it's all coimg from failed challenges.
  • #36,424
  • May 13, 2024 10:01am May 13, 2024 10:01am
Quoting Inception12
{quote} Their models are based off revenues from failed challenges covering the few wining traders. It may take longer but ultimately will fail just like the forex props since it's still structured the same way. I've seen apex starting to pay out millions every month and they cant sustain that over the long time if it's all coimg from failed challenges.
Difference is no refund of eval/challenge AND ongoing subscription for evals and live (if one doesn't pay the lifetime) AND payout caps. I may be unrealistically optimistic, but I think the futures firms have a far more sustainable model.
  • #36,425
  • May 13, 2024 10:01am May 13, 2024 10:01am
Quoting Inception12
{quote} Such a shame, the forex prop firms have been a nice revenue stream but i guess all good things come to an end. I know FTMO and 5ers seem to be holding strong but am not holding my breath. The clock started ticking on the futures props as well.
IC funded also has strong backing like icmarkets.
  • #36,426
  • May 13, 2024 10:04am May 13, 2024 10:04am
Quoting Inception12
{quote} Their models are based off revenues from failed challenges covering the few wining traders. It may take longer but ultimately will fail just like the forex props since it's still structured the same way. I've seen apex starting to pay out millions every month and they cant sustain that over the long time if it's all coimg from failed challenges.
Failed challenges + PA fees + no refunds + payout cap. Lets do math one challenge with 80% discount is like 35$ (pass rate best case scenario is 25%) for 50K account and PA fees is 140$.
Total income = (35 * 4 + 140) 280$ (minimum) for 2.5K drawdown (if you factor in TRAILING thing 2.5K becomes almost 1K)
APEX is paying out millions because they are getting multi million registration's.
If registrations reduces payout also reduces.
  • #36,427
  • May 13, 2024 10:12am May 13, 2024 10:12am
Quoting stirmatt
{quote} Advise is freely given and I understand you my friend. There's account analysis you did around January 2024 using prop firm and your personal, as much as I cherished it and the possibility of it but I know you can not maintain that kind of grow for long without blowing the account.
I lov to take risk.

And I was done that 300 $ long ago today. ( with this result of today, I am done for total 6 days )

But then, when i see opportunity, i do not miss it. I got pumped up due to unwanted talks here. But yes, it did good to me at the end.

I lov to take risk.

This is all mine.

To become a better trader, one must be prepared to take risk and go at it.

This is last time for you, if you wish to get inspired by my result.

But... my advice remains, you should be inspired by your result. Not mine.
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Intraday only.
  • #36,428
  • May 13, 2024 10:13am May 13, 2024 10:13am
Quoting sampat
{quote} For futures odds are more in their favor probably 100 times more as compared to forex prop firms. Unless CFTC disrupts they will remain.
I tend to agree but anyway, sooner or later:
1. They need to start banning the gamification (eg purchasing account after account with payouts and withdraw of everything, including buffer, and restart again).

2. New cowboys will come with unrealistic offers, which will put pressure to respond.

That's why I think now is still the time to make money in futures. Who knows what hell will be in a couple of months (even without regulators).

The online prop industry seems to have a tendency for self destruction.
  • #36,429
  • May 13, 2024 10:13am May 13, 2024 10:13am
Quoting Contessa22
TFF is done. {image}
Sorry to anyone that had an account with TFF.

It's so relaxing not having to worry about Forex props anymore.
Pride always comes before destruction.... -Proverbs 16:18
  • #36,430
  • May 13, 2024 10:24am May 13, 2024 10:24am
Quoting Expo33
{quote} Sorry to anyone that had an account with TFF. It's so relaxing not having to worry about Forex props anymore.
Are you doing Darwinex ?

what leverage is offered ?

For both options ?
Intraday only.
  • #36,431
  • May 13, 2024 10:28am May 13, 2024 10:28am
Quoting navk
{quote} I lov to take risk. And I was done that 300 $ long ago today. But then, when i see opportunity, i do not miss it. I got pumped up due to unwanted talks here. But yes, it did good to me at the end. I lov to take risk. This is all mine. To become a better trader, one must be prepared to take risk and go at it. This is last time for you, if you wish to get inspired by my result. But... my advice remains, you should be inspired by your result. Not mine. {image}
I may like your posted result to encourage you and be happy for you but I can't be inspired by a day result or few trades, that kind of inspiration belong to newbie not me. Some of us (including you) have been on FF for long to know that stuff like this doesn't last but let's enjoy it for a season.
  • #36,432
  • May 13, 2024 10:31am May 13, 2024 10:31am
Quoting stirmatt
{quote} I may like your posted result to encourage you and be happy for you but I can't be inspired by a day result or few trades, that kind of inspiration belong to newbie not me. Some of us (including you) have been on FF for long to know that stuff like this doesn't last but let's enjoy it for a season.
The point here is you are not me, and I am not you.

People's perception change.

A trader when loosing continuously, will be afraid to take risk.

A trader winning continuously will be willing to take risk.

Hope you get my point.
Intraday only.
  • #36,433
  • May 13, 2024 10:35am May 13, 2024 10:35am
Quoting navk
{quote} The point here is you are not me, and I am not you. People's perception change. A trader when loosing continuously, will be afraid to take risk. A trader winning continuously will be willing to take risk. Hope you get my point.
I got your point buddy
  • #36,434
  • May 13, 2024 10:37am May 13, 2024 10:37am
DarwinIA calibration (stage where they learn trading style and adjust risk for signal account) is done

Signal account
Overall profit - 60.26%
Max loss - 15%
Total Trades - 1656
Trading days - 15
Mostly traded - NDX

Index
Darwin Index profit - 2.13
Darwin Index max loss = -1.94

They assign VAR risk = 0.1 which means if I make 10$ profit on signal account they will put 1$ on index.
By that logic I should have alteast 6% on index.
Leverage on indices NDX is so low like I can open only 10 lots max (equivalent to 5 lots in futures)
May be I need to scale down and stop treating account as video game click click and click for next 45 days as 0.1 factor is killing me.
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  • #36,435
  • May 13, 2024 10:37am May 13, 2024 10:37am
Quoting sampat
{quote} Failed challenges + PA fees + no refunds + payout cap. Lets do math one challenge with 80% discount is like 35$ (pass rate best case scenario is 25%) for 50K account and PA fees is 140$. Total income = (35 * 4 + 140) 280$ (minimum) for 2.5K drawdown (if you factor in TRAILING thing 2.5K becomes almost 1K) APEX is paying out millions because they are getting multi million registration's. If registrations reduces payout also reduces.
The maths doesnt seem bad but once new registraitons reduce, which they definitely will over time either due to competition, regulation or just gamblers getting tired of failing, then the model will run it's course as well.
  • #36,436
  • May 13, 2024 10:39am May 13, 2024 10:39am
Quoting sampat
DarwinIA calibration (stage where they learn trading style and adjust risk for signal account) is done Signal account Overall profit - 60.26% Max loss - 15% Total Trades - 1656 Trading days - 15 Mostly traded - NDX Index Darwin Index profit - 2.13 Darwin Index max loss = -1.94 They assign VAR risk = 0.1 which means if I make 10$ profit on signal account they will put 1$ on index. By that logic I should have alteast 6% on index. Leverage on indices NDX is so low like I can open only 10 lots max (equivalent to 5 lots in futures) May...
Canadians are allowed to sign up, I guess
Intraday only.
  • #36,437
  • May 13, 2024 10:41am May 13, 2024 10:41am
Quoting navk
{quote} Canadians are allowed to sign up, I guess
Yes only for Darwin Zero. Opening classic account (brokerage account) is not allowed.
  • #36,438
  • May 13, 2024 10:52am May 13, 2024 10:52am
Quoting Capablanca
{quote} I tend to agree but anyway, sooner or later: 1. They need to start banning the gamification (eg purchasing account after account with payouts and withdraw of everything, including buffer, and restart again). 2. New cowboys will come with unrealistic offers, which will put pressure to respond. That's why I think now is still the time to make money in futures. Who knows what hell will be in a couple of months (even without regulators). The online prop industry seems to have a tendency for self destruction.
I really hope one of 5ers or FTMO can survive this shaking because they've proven to be very reliable. The 5ers seems very solid considering they have other offers besides the high stakes that and their risk management is more robust.
  • #36,439
  • May 13, 2024 11:00am May 13, 2024 11:00am
Quoting navk
{quote} Are you doing Darwinex ? what leverage is offered ? For both options ?
Yes still doing Darwinex Zero

From their FAQ:
Attached Image (click to enlarge)
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As Sampat says the risk engine will scale you down if you overleverage anyways. For example, If I trade more than 3 lots on GBP/USD the risk engine will start scaling me down but 3 lots is more than enough on 100K to make profits and build a track record. It's all about the track record.
Pride always comes before destruction.... -Proverbs 16:18
  • #36,440
  • May 13, 2024 11:05am May 13, 2024 11:05am
The bankruptcy of TFF explained in one photo.
https://twitter.com/dezzifinance/sta...48253867614247
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