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  • #41,961
  • Sep 11, 2024 1:24am Sep 11, 2024 1:24am
Quoting montygoldy
{quote} My experience with rise is good get the payout in my bank like within 24hours and exchange rates are good as well so its a minimal loss to transfer american dollars to canadian dollars.
Yes agreed, the one payout i used them for was painless enough, currently most of my funded accounts offer direct bank or direct crypto, which i prefer
  • #41,962
  • Sep 11, 2024 2:17am Sep 11, 2024 2:17am
Quoting Capablanca
{quote} This is a good tip. So, let's say start with 1 contract, then adding one in loss. Any more after that can be added if both are in a loss or 2 equal positions is the max you recommend ?
For Apex specific - My experience i used to have 50-70 trades a day when the day starts with loser otherwise 2-3 trades were normal. I have never been rejected or asked for video proof or anything.... Also most of the time never used Stop loss as you know tradovate BS on group trading.

What i did was

1. Made sure well below 3:1 ratio....
2. Opened 1 trade in a instrument 90% of time (rarely had two simulatenous trades in different instruments.)
3. If adding either loser/winner only once same size.
4. Same contract size never changed it no matter the instrument for me 3 mini's is the number for 150k account.

Some extra bonus things i did
1. Asked for payout after crossing threshold + request amount on top of it
2. Never flipped a day either trading or not no middle ground
3. During approval time kept on trading even if losing but kept it above threshold
Extreme gut feeling trader
  • #41,963
  • Sep 11, 2024 2:24am Sep 11, 2024 2:24am
Alpha looks like it is slipping on the banana peel.
  • #41,964
  • Sep 11, 2024 4:14am Sep 11, 2024 4:14am
Quoting Takisd
Alpha looks like it is slipping on the banana peel.
Their true shady nature from the past came back some months ago when they started to change rules overnight, without warning.
And also a lot of people obliged to make new KYC (and rejected), despite having several previous payouts.
It's not a trust worth prop. I had a lot of payouts there, still have the account, but I classify them very low in reputation.
  • #41,965
  • Sep 11, 2024 5:19am Sep 11, 2024 5:19am
Quoting montygoldy
{quote} For Apex specific - My experience i used to have 50-70 trades a day when the day starts with loser otherwise 2-3 trades were normal. I have never been rejected or asked for video proof or anything.... Also most of the time never used Stop loss as you know tradovate BS on group trading. What i did was 1. Made sure well below 3:1 ratio.... 2. Opened 1 trade in a instrument 90% of time (rarely had two simulatenous trades in different instruments.) 3. If adding either loser/winner only once same size. 4. Same contract size never changed it no...
I use this risk settings for stop loss
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Intraday only.
  • #41,966
  • Sep 11, 2024 5:43am Sep 11, 2024 5:43am
Anyone heard about "Traderscale"? Any opinions or experiences?
  • #41,967
  • Sep 11, 2024 6:53am Sep 11, 2024 6:53am
Prop Firm Traddoo Temporarily Suspends Access for New Clients

Wednesday, 11/09/2024 | 13:45 GMT+2 by Damian Chmiel

  1. The company has decided to halt challenge sales due to ongoing platform updates.
  2. It is working on implementing a new dashboard and payments for its customers.

  • #41,968
  • Sep 11, 2024 8:42am Sep 11, 2024 8:42am
Is this Prop Firm legit? Can anyone advice or let me know if they have experience with this firm

https://thefundedfx.com/

please advice
Best Regards,
Ravi
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Ravi Kiran T V
  • #41,969
  • Sep 11, 2024 9:03am Sep 11, 2024 9:03am
Quoting navk
{quote} I use this risk settings for stop loss {image}
I don't know if this exists for Rytmic (Apex). It would be useful if so (I never looked for it)
  • #41,970
  • Sep 11, 2024 9:32am Sep 11, 2024 9:32am
Quoting RaviKiran
Is this Prop Firm legit? Can anyone advice or let me know if they have experience with this firm https://thefundedfx.com/ please advice Best Regards, Ravi {image}
I doubt it, pick one of the stalwarts of the industry and save yourself the pain
  • #41,971
  • Edited 10:27am Sep 11, 2024 9:57am | Edited 10:27am
Quoting Capablanca
{quote} I don't know if this exists for Rytmic (Apex). It would be useful if so (I never looked for it)
It appears in Tradovate.
Top right corner
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Intraday only.
  • #41,972
  • Sep 11, 2024 10:08am Sep 11, 2024 10:08am
Quoting RaviKiran
Is this Prop Firm legit? Can anyone advice or let me know if they have experience with this firm https://thefundedfx.com/ please advice Best Regards, Ravi {image}

What amount is:
Funding Traders
We provide up to $2,00,000 in funds, enabling traders to access capital and take their trading careers to new heights. ?

They don´t even bother to mention which platform they use.
  • #41,973
  • Sep 11, 2024 11:20am Sep 11, 2024 11:20am
Quoting Capablanca
{quote} I don't know if this exists for Rytmic (Apex). It would be useful if so (I never looked for it)
In Rithmic Trader Pro, you can set daily limits for an auto liquidate, and a time to close all trades, etc. It is server side instead of client based, so I use it as a safety net in case my internet or power goes out while using Ninja Trader.
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  • #41,974
  • Sep 11, 2024 3:11pm Sep 11, 2024 3:11pm
Quoting Capablanca
{quote} As expected the futures arena is going downhill. This is no surprise. The bad actors wouldn't be stopped by the arguments like less platform vendors, exchange fees, etc. It will just get worse and worse. These cases will just gain traction until one day CME understands that they are not making the bucks they should be making and puts the regulator on duty. As you say... milk everyone as big and as fast as possible.
Alpha Capital and their proprietary platform have gone nowhere on the futures side. Not having rithmic/ninjatrader/Tradovate is a massive competitive disadvantage for the new firms coming in.
  • #41,975
  • Sep 11, 2024 7:53pm Sep 11, 2024 7:53pm
Quoting CableJ
{quote} Alpha Capital and their proprietary platform have gone nowhere on the futures side. Not having rithmic/ninjatrader/Tradovate is a massive competitive disadvantage for the new firms coming in.
it's like trying to compete in a race with a bicycle while everyone else is driving a car. You're at a big disadvantage, and it's hard to catch up.
  • #41,976
  • Sep 11, 2024 8:36pm Sep 11, 2024 8:36pm
Quoting CableJ
{quote} Alpha Capital and their proprietary platform have gone nowhere on the futures side. Not having rithmic/ninjatrader/Tradovate is a massive competitive disadvantage for the new firms coming in.
Plus their offering is not got at all..... 14 days payout cycle and first few payouts 70%... on top of that expensive pricing + activation fees.... i dont know what those smoking believing they gonna compete.... Futures is more kinda a cult, people dont usually hop to new firm until there is better offer.
there are literally so many firms like that which are going nowhere......
Even the payment gateway as well they use stripe and if you use your credit card to buy it will go as cash advance so your bank gonna charge extra fees for that
Extreme gut feeling trader
  • #41,977
  • Sep 11, 2024 9:18pm Sep 11, 2024 9:18pm
Seems like all the noise and hoopla is mostly coming from American traders.
Now that the traditional props have ditched US, it's like they don't exits.
Maybe a good thing..with less spotlight on them, they can concentrate on the other 98% of the world.
  • #41,978
  • Sep 11, 2024 10:03pm Sep 11, 2024 10:03pm
Quoting OutThere
Seems like all the noise and hoopla is mostly coming from American traders. Now that the traditional props have ditched US, it's like they don't exits. Maybe a good thing..with less spotlight on them, they can concentrate on the other 98% of the world.

The only problem... that 2% (US) was the most lucrative market for FX props purchasing >30% of all challenges. The FX props lost their most lucrative market to the US based futures firms.
  • #41,979
  • Sep 12, 2024 2:12am Sep 12, 2024 2:12am
Anyone knows any EA that will help me using proper lot size, I have the tendency to use very big lot that is making me hitting daily DD.
  • #41,980
  • Sep 12, 2024 3:39am Sep 12, 2024 3:39am
Purple Trading’s Prop Firm Fintokei Pays Out over €4M to Traders in 2024

Thursday, 12/09/2024 | 10:10 GMT+2 by Damian Chmiel

  1. The proprietary trading company is processing 400,000 transactions per day.
  2. Moreover, the number of active traders surged by 175%.

The Fintokei team at Invest Cuffs 2024 in Krakow
Fintokei, a proprietary trading company, has distributed over €4 million to its traders so far this year. The prop firm, which runs under the Czech-based Purple Trading retail broker, now processes more than 400,000 trades daily through its infrastructure.
€4M Payout and 175% Increase in Traders
The average payout for successful traders stands at approximately €4,000, with the largest single payout in the Czech Republic reaching nearly €40,000. Since the end of 2023, Fintokei has experienced substantial growth across key metrics, including a 175% increase in traders, a 195% rise in purchased evaluation accounts, and a 180% surge in overall turnover.
David Varga, Co-Founder of Fintokei and Purple Trading, Source: LinkedIn
"The 4 million EUR payout to our traders not only represents a major milestone for Fintokei but also underscores our commitment to supporting and rewarding skilled trading professionals," David Varga, co-founder of Fintokei, commented. "We're incredibly proud of the talented traders in our community who drive our success through their dedication and expertise."
While some companies are distributing funds, others have been struggling with this issue for six months. For example, The Funded Trader has been unable to settle payments to its clients since March. This week, the proprietary trading firm issued a statement indicating that it has taken steps to expedite this process.
According to a survey conducted by PipFarm, 75% of all traders prioritize fast payouts and clear trading rules over low prices or high profit shares.
Fintokei’s Expansion
Fintokei operates in the proprietary trading space since 2021, where firms fund skilled traders to trade various financial instruments such as currency pairs, stocks, and commodities. Unlike traditional trading, prop trading firms assume the risk, allowing traders to focus solely on performance and strategy development.
"Our mission is to continue expanding and innovating to offer our traders the best possible conditions," Varga added. "This milestone is just the beginning, and we look forward to further success in the future."
In mid-June, the company announced that it was expanding its operations beyond Central Europe and Japan, which until then had generated 75% of the enterprise's revenues. Now, a company within the Purple Holding group is aiming to grow in Australia, Southeast Asia, and other parts of Europe.
The significance of the Japanese market is highlighted by the fact that this year, popular tennis player Yoshihito Nishioka from the region joined the ranks of official ambassadors for the prop trading brand.
https://www.financemagnates.com/fore...aders-in-2024/

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