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  • #17,101
  • Jun 25, 2023 4:02pm Jun 25, 2023 4:02pm
Quoting CableJ
{quote} There are quite a few of us on here that have received at least 2 payouts on an account before going bust. Last 12 months... 1st 6 months every month was a payout month, last 6 months I've been mostly alternating small losing months and payout months. May was a terrible month for me (losing streaks of 2 3 5 & 5 with no winning streaks), so I'm currently digging myself out of a -7% hole.
bruh , i really don't care about your winning or losings or how you end up at the end of the month! it all depends on you , what i wanna know is that do prop firms really payout? or they're scam? cuz i have never tried any prop firms
  • #17,102
  • Edited 5:15pm Jun 25, 2023 4:15pm | Edited 5:15pm
Quoting Capablanca
they did (maybe still have) but if I remember well that was only for funded accounts
-That could be. I do not remember, honestly.

One would think that having so many accounts in reserve would not be wise. The guy must be gambling to the max. The only other thing that I can think of is that he is part of a group, where many people fund the accounts and he trades them and just divides the profits out. Not sure how logical that would be, though, unless it's a bunch of people that are in restricted areas.
  • #17,103
  • Jun 25, 2023 4:16pm Jun 25, 2023 4:16pm
Quoting Nsak3y
{quote}-Sure. I wonder how many props are actually making profit with A-book, though. The other problem is that the really big earners (problem traders) are likely not going to be A-book, since they are probably over-leveraging and losing accounts a lot. Since these firms would actually be funding the live accounts, out-of-pocket, for anyone that they A-book, then they will want to be very sure that the traders that they select are solid.
I wouldn't pick by just most profit, like I said my 1st filter is Pearsons and that's a measure of how smooth the equity curve is. If I had traders that through the challenge and live funding continued to trade with a nice equity curve and were still profitable - I'd def like a pool of earners that meet that criteria. If you are gonna trying A-booking they can limit risk even more than we can since they have the traders track-record before A-booking them.
  • #17,104
  • Jun 25, 2023 4:18pm Jun 25, 2023 4:18pm
Quoting shrezinc
bruh , i really don't care about your winning or losings or how you end up at the end of the month! it all depends on you , what i wanna know is that do prop firms really payout? or they're scam? cuz i have never tried any prop firms
-It looks like your question was answered, bro-ham.
  • #17,105
  • Jun 25, 2023 4:25pm Jun 25, 2023 4:25pm
Quoting BlackOpz
I wouldn't pick by just most profit, like I said my 1st filter is Pearsons and that's a measure of how smooth the equity curve is. If I had traders that through the challenge and live funding continued to trade with a nice equity curve and were still profitable - I'd def like a pool of earners that meet that criteria.
-I understand. I was not suggesting anything. But how much trading data would be needed to feel comfortable allocating 20k+ of real money to a trader? If even good traders are only averaging a maximum duration of 5-months, then I suspect that some kind of aggregated pool/algorithm might be necessary in lieu of actual A-booking traders in order to mitigate risk better. This would be my guess, anyway.
  • #17,106
  • Jun 25, 2023 4:56pm Jun 25, 2023 4:56pm
Quoting Expo33
I guess I lost the top spot for most failed challenges. Oh my! {image}
lol. The joke is probably on the props. I bet HE WON 106 challenges elsewhere.
  • #17,107
  • Jun 25, 2023 4:58pm Jun 25, 2023 4:58pm
Quoting shrezinc
{quote} bruh , i really don't care about your winning or losings or how you end up at the end of the month! it all depends on you , what i wanna know is that do prop firms really payout? or they're scam? cuz i have never tried any prop firms
bruh....the anwer to your question was included in his response.
  • #17,108
  • Jun 25, 2023 5:07pm Jun 25, 2023 5:07pm
{ virus risk deleted by staff }
people leave, but this thread will go on for ever
  • #17,109
  • Jun 25, 2023 5:07pm Jun 25, 2023 5:07pm
Quoting pipmaster77
{quote} bruh....the anwer to your question was included in his response.
Check this one
people leave, but this thread will go on for ever
  • #17,110
  • Jun 25, 2023 5:14pm Jun 25, 2023 5:14pm
Quoting shrezinc
{quote} bruh , i really don't care about your winning or losings or how you end up at the end of the month! it all depends on you , what i wanna know is that do prop firms really payout? or they're scam? cuz i have never tried any prop firms
Rude and lazy isn't a good combination son. Grow up or get out! All the info you need is in this thread. Try reading "bruh".
Pride always comes before destruction.... -Proverbs 16:18
  • #17,111
  • Jun 25, 2023 7:26pm Jun 25, 2023 7:26pm
Quoting TraderTero
{quote} I don't think that they can do anything about the brokers as they only offer demo accounts and don't take any funds from US citizens. They will first clean the home base and that could happen relatively soon. Not much they can do about the off shore props but those located in EU and UK will face consequences for accepting US clients. EU and UK regulators will also ban the props in their jurisdictions, so the ones inside EU and UK will have to move off shore.
Most of these 8crap people are Americans .. you think American residents holding margin and paying fees is not accepting deposits ? They are accepting them from the companies who’s owners are us residents
  • #17,112
  • Jun 25, 2023 7:55pm Jun 25, 2023 7:55pm
Quoting Takisd
you think American residents holding margin and paying fees is not accepting deposits ? They are accepting them from the companies who’s owners are us residents
-It is an interesting perspective. Maybe this will depend on how the business relationship between 8cap and prop is structured. I do not know, personally.

I would suppose that if there is no real margin, and the fee structure is outside of the scope of applicable, US regulatory groups, then maybe there is a point to be made regarding demo-only accounts being used?

On the other hand, if the firm has any live trading accounts that can be tied back to the company, then that would certainly be enough to try to target any brokers.
  • #17,113
  • Jun 25, 2023 7:57pm Jun 25, 2023 7:57pm
I bet all this A-booking talk is all wishful thinking. Does anyone know if a prop firm has A-booked a trader in real life? Or is it 'I think', 'I heard someone claim' talk?
  • #17,114
  • Jun 25, 2023 8:06pm Jun 25, 2023 8:06pm
Quoting OutThere
I bet all this A-booking talk is all wishful thinking. Does anyone know if a prop firm has A-booked a trader in real life? Or is it 'I think', 'I heard someone claim' talk?
-Difficult to prove, probably. Anyone that could, would probably have to break privacy laws or some non-disclosure agreement etc..
  • #17,115
  • Jun 25, 2023 8:43pm Jun 25, 2023 8:43pm
Quoting OutThere
I bet all this A-booking talk is all wishful thinking. Does anyone know if a prop firm has A-booked a trader in real life? Or is it 'I think', 'I heard someone claim' talk?
MFF say all vips are a booked which is over 5000
  • #17,116
  • Jun 25, 2023 10:06pm Jun 25, 2023 10:06pm
Quoting Takisd
{quote} MFF say all vips are a booked which is over 5000
The usual rules are that you pass challenge, get funded equal to the account size you bought and if you make around 10%, you get scaled up. Most of the props detail how their scaling plan works.
So, you are saying that there are A-booking rules in place that are not stated and you just have to get there to receive a hush hush A-booking treatment?
Or is it that if you pass the challenge, you are automatically A-booked because they don't fund just anybody. You have to be successful which equals getting funded and getting funded is getting A-booked?
I cannot see mff or any other props have x number of regularly funded traders and on top of that they have 5K worth of super successful reliable no fail traders and yet there is not a single soul that has come forward and said; I am A-booked or once I was A-booked and I am no longer with them.
I think it is all hearsay.
  • #17,117
  • Jun 26, 2023 1:02am Jun 26, 2023 1:02am
Quoting Takisd
{quote} Most of these 8crap people are Americans .. you think American residents holding margin and paying fees is not accepting deposits ? They are accepting them from the companies who’s owners are us residents
They are not accepting directly deposits from US clients therefore the main targets will be the owners of the props. That's the way it also went with Binary Options. All off shore brokers are outside US jurisdictions and there are still several off shore brokers accepting US clients even after 10 years of trying to stop them. They always start from the easiest targets which are which are big enough to send the message to the markets. There are plenty of other off shore brokers the props can use instead of 8cap so going after them would not make big damage compared to taking down the US, EU and UK props.
  • #17,118
  • Jun 26, 2023 1:06am Jun 26, 2023 1:06am
Quoting Nsak3y
{quote}-It is an interesting perspective. Maybe this will depend on how the business relationship between 8cap and prop is structured. I do not know, personally. I would suppose that if there is no real margin, and the fee structure is outside of the scope of applicable, US regulatory groups, then maybe there is a point to be made regarding demo-only accounts being used? On the other hand, if the firm has any live trading accounts that can be tied back to the company, then that would certainly be enough to try to target any brokers.
Why attack a service and technology provider if you can go directly after the main target. That's where the money is and so far they have always followed the money flows. Brokers can be secondary targets in some cases though.
  • #17,119
  • Edited 2:23am Jun 26, 2023 1:57am | Edited 2:23am
Quoting Takisd
{quote} MFF say all vips are a booked which is over 5000
Could work. Let's presume that that on average one vip has 100K equity and each month 10% of the vips exceed their loss limit for example 5%. Meanwhile the remaining 90% make on average 3% profit. For each 1M this means that 1 client loses 5k and the rest 9 make 27k in profit from which MFF takes it's share and receives also at least 50% of the commission charges. At that point their profit could be around 10K. Their situation would become critical if 20% of the vips lost their accounts per month, however they could copy the best vips with increased risk and keep 100% of the those profits. If they copy 2-3 best vips this would allow 30-40% of the vips fail each month and that is probably not the case.
  • #17,120
  • Jun 26, 2023 3:45am Jun 26, 2023 3:45am
Quoting OutThere
{quote} The usual rules are that you pass challenge, get funded equal to the account size you bought and if you make around 10%, you get scaled up. Most of the props detail how their scaling plan works. So, you are saying that there are A-booking rules in place that are not stated and you just have to get there to receive a hush hush A-booking treatment? Or is it that if you pass the challenge, you are automatically A-booked because they don't fund just anybody. You have to be successful which equals getting funded and getting funded is getting...
look at the vip requirements and you will answer all your questions.

it’s pure risk mitigation nothing else. No one is making money on a book. Only traders egos think that it’s a necessary element of the equation
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