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  • #201
  • Apr 1, 2021 12:25pm Apr 1, 2021 12:25pm
Go on FTMO thread and you will find plenty of founded traders who have proves of payments..
here it is 1 and she is a woman
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  • #202
  • Apr 1, 2021 12:33pm Apr 1, 2021 12:33pm
Quoting kCBHk
{quote} Are you funded by FTMO yet?
Yes, 200K, passed two separate challenges so far. I trade FTMO alongside my personal accounts. Fees have been refunded, it's just extra money at this point. My personal success or failure (or anyone else for that matter) is irrelevant as to the legitimacy of the company. As long as they deliver what is promised, not sure why all the conspiracy theories. I am not specifically "pro FTMO", however I am pro FTMO model. With that being said, there are some really bad apples popping up, so one does need to be careful when selecting a prop firm.
  • #203
  • Apr 1, 2021 12:46pm Apr 1, 2021 12:46pm
Quoting pipmaster77
{quote} Yes, 200K, passed two separate challenges so far. I trade FTMO alongside my personal accounts. Fees have been refunded, it's just extra money at this point. My personal success or failure (or anyone else for that matter) is irrelevant as to the legitimacy of the company. As long as they deliver what is promised, not sure why all the conspiracy theories. I am not specifically "pro FTMO", however I am pro FTMO model. With that being said, there are some really bad apples popping up, so one does need to be careful when selecting a prop firm....
Congrats.
  • #204
  • Apr 2, 2021 5:57am Apr 2, 2021 5:57am
Quoting kCBHk
{quote} Some years back, there was this Gainsy scam...
Near the latter part of 2014 I recall a trader by the FF name, WElliott, he/she traded with Gainsy, had a TE and a myfxbook account.

Incredible gains shown over a very short period of time and just when investors flocked into Gainsy I witnessed an incredible reversal in trading gains that basically emptied the accounts equity.

I never did find out exactly what happened but I certainly can guess.

Be careful traders.

Masterrmind .......
Master your Mind then Master your Trades
  • #205
  • Apr 2, 2021 6:05am Apr 2, 2021 6:05am
Another prop firm
https://www.tradehappy.co.uk/

1year evaluation. Similar to 5%ers except evaluation is relative dd
  • #206
  • Apr 2, 2021 8:56am Apr 2, 2021 8:56am
Quoting jinsen
Another prop firm https://www.tradehappy.co.uk/ 1year evaluation. Similar to 5%ers except evaluation is relative dd
Similar to 5% and city indeed, but...

This one will plant a tree for every funded trader... This one cares for the world. LOL
Persistence will get it. Consistency will keep it.
  • #207
  • Apr 2, 2021 9:15am Apr 2, 2021 9:15am
Quoting Chake
{quote} Similar to 5% and city indeed, but... This one will plant a tree for every funded trader... This one cares for the world. LOL
Yes, this one is charging $300 for $200 in DD. What a steal! I can put $300 in a personal account, trade larger positions than I could with them and NOT GIVE THEM 50%! The scaling is the marketing trickery as even when you scale, DD is still 4%. By stage 3, your personal account is much larger than what they are providing you to trade with.

Maybe the extra $100 is for the tree???
  • #208
  • Apr 2, 2021 9:20am Apr 2, 2021 9:20am
Quoting jinsen
Another prop firm https://www.tradehappy.co.uk/ 1year evaluation. Similar to 5%ers except evaluation is relative dd
No physical address listed and of course no reviews yet so I'd pass and let the other mice go for the cheese first and then see if they get their necks snapped

Plenty of other options with a track record.
Pride always comes before destruction.... -Proverbs 16:18
  • #209
  • Apr 2, 2021 9:32am Apr 2, 2021 9:32am
Not a recommendation. Just sharing my experience so far with City Trader's Imperium.

1)Spreads and trading conditions have been very good.
2)Email support response time has been very good.
3)Only 75 reviews on Trustpilot but 93% are excellent, 5% great and only 1 poor.

My only issue is that they don't have a trader's dashboard yet. Seems that they were in a hurry to get in the game and forgot to put their underwear on before putting on their pants. I asked them a few weeks ago about this and they said they would have it done by the end of March. Not done yet so I emailed again today and got this response. Not a red flag by any means, but it would be nice if they could get this done.
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Pride always comes before destruction.... -Proverbs 16:18
  • #210
  • Apr 3, 2021 12:18am Apr 3, 2021 12:18am
Quoting jinsen
Another prop firm https://www.tradehappy.co.uk/ 1year evaluation. Similar to 5%ers except evaluation is relative dd
I’ve had a good look over this firm and a first pass says it might be a possibility.

20k account is £300 after successfully completing a 6% gain on a 5k evaluation account having a max 4% relative DD.
60k account is £700 after successfully completing a 6% gain on a 15k evaluation account having a max 4% relative DD.

12.5% gain leads to a doubling effect up to a max account size of 2 Million.

The 2 tables on their website lays it out well with one for the 20k account and the other for the 60k account.

Apparently once you start from either the 20000 or 60000 account they are traded live.

So a tight risk management approach by the firm is to be expected.

Profit split is not favorable with only 10% for verification stage afterwhich its 50% split up to about 1,000,000.

Then if a trader is able to generate another 12.5% gain in equity they may qualify as an ‘Elite Trader’ earning a base salary plus bonuses (whatever the bonuses might be ??).

Appears to be a very long path comprising of about 7 or 8 levels to gain top dog status.

A very tight band for the drawdown including max lot sizes as well.

Taking on this type of challenge and the time involved to move through the levels you would certainly want to be reasonably satisfied that the firm was going to be around.

Masterrmind ........
Master your Mind then Master your Trades
  • #211
  • Apr 3, 2021 2:22am Apr 3, 2021 2:22am
Quoting mizi123
Go on FTMO thread and you will find plenty of founded traders who have proves of payments.. here it is 1 and she is a woman https://www.youtube.com/watch?v=nbYgEA-PZHk&t=408s
1. So what if she is a woman?
2. If you look at her youtube profile, it is kinda obvious that the profile is rigged.
  • #212
  • Apr 3, 2021 3:14am Apr 3, 2021 3:14am
Quoting Masterrmind
{quote} I’ve had a good look over this firm and a first pass says it might be a possibility. 20k account is £300 after successfully completing a 6% gain on a 5k evaluation account having a max 4% relative DD. 60k account is £700 after successfully completing a 6% gain on a 15k evaluation account having a max 4% relative DD. 12.5% gain leads to a doubling effect up to a max account size of 2 Million. The 2 tables on their website lays it out well with one for the 20k account and the other for the 60k account. Apparently once you start from either...

Not much review on this firm...Abit dodgy....1 year evaluation looks good ....but tight by the relative dd....I got crash by this when I tried the 5%ers...
  • #213
  • Apr 3, 2021 5:49am Apr 3, 2021 5:49am
Quoting jinsen
{quote} Not much review on this firm...Abit dodgy....1 year evaluation looks good ....but tight by the relative dd....I got crash by this when I tried the 5%ers...
Yes fairly new on the block.

I guess only time will tell.

At least it's a possibility but as always due diligence required.

Masterrmind .......
Master your Mind then Master your Trades
  • #214
  • Apr 3, 2021 9:45am Apr 3, 2021 9:45am
Quoting Masterrmind
{quote} I’ve had a good look over this firm and a first pass says it might be a possibility. 20k account is £300 after successfully completing a 6% gain on a 5k evaluation account having a max 4% relative DD. 60k account is £700 after successfully completing a 6% gain on a 15k evaluation account having a max 4% relative DD. 12.5% gain leads to a doubling effect up to a max account size of 2 Million. The 2 tables on their website lays it out well with one for the 20k account and the other for the 60k account. Apparently once you start from either...
The thing interesting about them is that they have this model whereby they pay traders a base pay...
  • #215
  • Apr 3, 2021 10:54am Apr 3, 2021 10:54am
Quoting Masterrmind
{quote} I’ve had a good look over this firm and a first pass says it might be a possibility. 20k account is £300 after successfully completing a 6% gain on a 5k evaluation account having a max 4% relative DD. 60k account is £700 after successfully completing a 6% gain on a 15k evaluation account having a max 4% relative DD. 12.5% gain leads to a doubling effect up to a max account size of 2 Million. The 2 tables on their website lays it out well with one for the 20k account and the other for the 60k account. Apparently once you start from either...
Literally, the same exact model as City Traders Imperium except CTI's fees are 50% less than "tradeSAD" . For example, CTI's 20K challenge is 200 Euros. And as I had mentioned previously, CTI has an outstanding review profile so far.
Pride always comes before destruction.... -Proverbs 16:18
  • #216
  • Apr 3, 2021 11:02am Apr 3, 2021 11:02am
A very interesting thread: https://www.forexfactory.com/thread/...-trader?page=3
  • #217
  • Apr 3, 2021 11:14am Apr 3, 2021 11:14am
Quoting Masterrmind
{quote} I’ve had a good look over this firm and a first pass says it might be a possibility. 20k account is £300 after successfully completing a 6% gain on a 5k evaluation account having a max 4% relative DD. 60k account is £700 after successfully completing a 6% gain on a 15k evaluation account having a max 4% relative DD. 12.5% gain leads to a doubling effect up to a max account size of 2 Million. The 2 tables on their website lays it out well with one for the 20k account and the other for the 60k account. Apparently once you start from either...
As a funded FTMO trader, my next conquest is Enfoid. Everything in these deals is the fee vs allowable loss, forget about the great scaling plan for a minute. It's very clever marketing that can fool even the best math minds INITIALLY. I'm telling you guys, do the math....if you are paying $300 for $200 max DD, what size position will you be trading? Answer is....smaller than you would if you put that $300 in a personal account. Everything needs to be calculated on risk of ruin, so if you're risk of ruin is 20 trades, you would risk $10 per trade with 200 DD, you can risk $15 per trade in that personal account. 6% means you need to make $300, so trading the same size in personal you'll have $600 ($300+ $300 you just made). Now they scale you to $20K, DD still 4%, which is $800, from that $800 you need to make 12.5% to scale again, which is $2500. Personal account is only $600 v $800, so you'd only make $1875 in personal account, putting you at $2475. Now they only double you to $40K, 4% DD is $1600, BUT your personal account has $2,475 in it. I'll stop here, but do the math on a couple more levels.....it will blow your mind! Any deal where your fee is more than your allowable loss, you are way better trading that "fee" in a personal account
  • #218
  • Edited Apr 4, 2021 4:56am Apr 3, 2021 2:32pm | Edited Apr 4, 2021 4:56am
Mastermind good luck on your 200k challenge!

Guys you wanna be looking at The Prop Trading, Very popular and offer 80% profit split. One can pick up a 200k account for $799
  • #219
  • Apr 3, 2021 2:42pm Apr 3, 2021 2:42pm
Quoting Mtinifx
Mastermind good luck on your 200k challenge! Guys you wanna be looking at The Prop Trading, Very popular and offer 80% profit split. One can pick up a 200k account for $799 https://www.youtube.com/watch?v=GA65...l5VAw&index=24
I don't recommend anyone until we see 6months- 1 year of efficient payouts. As one experienced trader recently stated, it's not losing the fee, it's losing the time and effort to pass the stages to get to the funded account.
  • #220
  • Apr 3, 2021 6:45pm Apr 3, 2021 6:45pm
Quoting Expo33
{quote} Literally, the same exact model as City Traders Imperium except CTI's fees are 50% less than "tradeSAD" . For example, CTI's 20K challenge is 200 Euros. And as I had mentioned previously, CTI has an outstanding review profile so far.
Competition taking ideas of others and implementing them into their own business models, certainly a common practice.

I haven't looked at CTI yet but shall do so very soon.

Masterrmind .......
Master your Mind then Master your Trades
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