Prop Firm Hub | Page 13 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #241
  • Apr 4, 2021 11:02am Apr 4, 2021 11:02am
Quoting pipmaster77
{quote} I believe your "track record" account can be broker of your choice.
Darwinex isn't a prop firm...or am I wrong?
  • #242
  • Apr 4, 2021 11:44am Apr 4, 2021 11:44am
Quoting Masterrmind
{quote} Should be straightforward guys. Simply go to Mailbox, click Registration, click FF Trader S.R.O and there you will find Account number/Password/Investor PW. This is for MT4 and MT5. Good trading, Masterrmind ........
Amazing that I never knew that. Thank you!

I've always gone to tools/server/change/change investor password. I remember watching a video about how to do it that way in 2007 ish. Old dog learning new tricks.
Pride always comes before destruction.... -Proverbs 16:18
  • #243
  • Apr 4, 2021 11:54am Apr 4, 2021 11:54am
Quoting pipmaster77
{quote} If I wasn't in the "land of the free" USA, would've been there awhile back.
Agree.

I was all fired up about Darwinex a couple of years ago. At that time their support agent told me that they were in the process of jumping through all of the legal hoops that US regulations required of them. Then 6 months later the same agent flat out told me that Darwinex decided to abandon the US plan as it was too expensive and too much trouble to try and break into the US market. Imagine giving up such a huge market because of the suffocating regulations.
Pride always comes before destruction.... -Proverbs 16:18
  • #244
  • Apr 4, 2021 6:13pm Apr 4, 2021 6:13pm
Quoting shyean
Hi, Anyone interested in Darwinex? I see many investors there. {image} Thanks
Darwinex is certainly an option and it’s been around for quite a while but it does have several hoops to jump through.

Worth a look for sure.

Masterrmind ......
Master your Mind then Master your Trades
  • #245
  • Apr 4, 2021 6:50pm Apr 4, 2021 6:50pm
Quoting Expo33
{quote} Amazing that I never knew that. Thank you! I've always gone to tools/server/change/change investor password. I remember watching a video about how to do it that way in 2007 ish. Old dog learning new tricks.
You are more than welcome Expo33.

Masterrmind .........
Master your Mind then Master your Trades
  • #246
  • Apr 5, 2021 1:34am Apr 5, 2021 1:34am
Quoting navk
{quote} I do not understand. whatever be the account size, 100k or 200k the daily max is 5 % and Max loss is 10 ? what is the benefit of having 200k account with respect to loss ?
Lol it's a belief he has that the more daily loss limit you have on an account the lesser the chance of breaching it, totally forgetting that the bigger the account size, the bigger the profit target, so you would also need to RISK MORE to reach the target which invalidates the "more breathing room".

IMO It doesn't matter if it is a 50k, 100k or 200k account. Daily loss limit remains 5%, one should be thinking of managing the risk by taking trades using percentages or lot sizes relative to your account balance.. Not going for bigger account sizes and increasing your required profit target and making the process more difficult.

Either ways, whatever works. He's a little too sensitive about opinions.
  • #247
  • Apr 5, 2021 1:48am Apr 5, 2021 1:48am
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.
I’ve had a good look over CTI’s site and it’s set out well so looks ok from a first pass.

DD super tight though and lacks the flexibility of FTMO.

Still I may delve deeper into it at a later time.

Masterrmind .........
Master your Mind then Master your Trades
  • #248
  • Apr 5, 2021 2:18am Apr 5, 2021 2:18am
Quoting Koop
{quote} Lol it's a belief he has that the more daily loss limit you have on an account the lesser the chance of breaching it, totally forgetting that the bigger the account size, the bigger the profit target, so you would also need to RISK MORE to reach the target ge wise for 200 which invalidates the "more breathing room". IMO It doesn't matter if it is a 50k, 100k or 200k account. Daily loss limit remains 5%, one should be thinking of managing the risk by taking trades using percentages or lot sizes relative to your account balance.. Not going...
thank god, you clarified.

I was wondering if daily max loss has been increased more than 5 % for 200 k.
Intraday only.
  • #249
  • Apr 5, 2021 2:54am Apr 5, 2021 2:54am
Quoting Mtinifx
Mastermind, I think you've put your finger on the perennial problem. Violating the daily and account DD. This is what knocks 99% of Prop traders out of the game. I think that you've done the right thing going for the 200k option. I had exactly the same thing in mind in perhaps going for TPT (The Prop Trading) 200k account which comes in at $729 (with discount). What holds me back is the point which Pipmaster made regarding their payout track record which is practically non-existent. It's a big saving compared to FTMO but there is a risk...
Yes there is always risk involved.

If they had a 1M account I’d go straight for it and take on the risk fee.

On a 200k challenge clearly you have to get your lot sizes worked out.

The 10% ‘breathing space’ is certainly more generous than other firms.

Masterrmind .........
Master your Mind then Master your Trades
  • #250
  • Apr 5, 2021 4:04am Apr 5, 2021 4:04am
Quoting navk
{quote} I do not understand. whatever be the account size, 100k or 200k the daily max is 5 % and Max loss is 10 ? what is the benefit of having 200k account with respect to loss ?

Navk, no the max daily loss is still 5%. My point is that on the 200k account that gives one a $10000 breathing space. OBVIOUSLY you are not going to double your lot sizes on this account. One would keep using the same lot sizes as if one were trading a 100k account. That goes without saying

Please ignore idiots popping up on this thread and making derogatory comments. I have had to ignore certain people due to their inappropriate comments on other threads.
  • #251
  • Apr 5, 2021 4:10am Apr 5, 2021 4:10am
Quoting Mtinifx
{quote} Navk, no the max daily loss is still 5%. My point is that on the 200k account that gives one a $10000 breathing space. OBVIOUSLY you are not going to double your lot sizes on this account. One would keep using the same lot sizes as if one were trading a 100k account. That goes without saying Please ignore idiots popping up on this thread and making derogatory comments. I have had to ignore certain people due to their inappropriate comments on other threads.
why then would you wish to pay more for the bigger account then? Just for the breathing space?

Regards,
CBH.
  • #252
  • Apr 5, 2021 4:39am Apr 5, 2021 4:39am
Quoting Mtinifx
{quote} Navk, no the max daily loss is still 5%. My point is that on the 200k account that gives one a $10000 breathing space. OBVIOUSLY you are not going to double your lot sizes on this account. One would keep using the same lot sizes as if one were trading a 100k account. That goes without saying Please ignore idiots popping up on this thread and making derogatory comments. I have had to ignore certain people due to their inappropriate comments on other threads.
thanks,
Intraday only.
  • #253
  • Apr 5, 2021 4:44am Apr 5, 2021 4:44am
As I sais in another thread, I am treating this as 100k challenge.

Want to finish before 11 th april, that is the expiry date for this account.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 30 KB
Intraday only.
  • #254
  • Apr 5, 2021 1:26pm Apr 5, 2021 1:26pm
Kinda digging the MFF daily loss adjustment in % terms and the max loss on account size terms. A compounders dream in comparison to the others.
  • #255
  • Apr 5, 2021 1:37pm Apr 5, 2021 1:37pm
Quoting Takisd
Kinda digging the MFF daily loss adjustment in % terms and the max loss on account size terms. A compounders dream in comparison to the others.
Best deal out there if they pay. They seem to be having trouble paying a few hundred to some people. What happens when that first 20K split hits?
  • #256
  • Apr 5, 2021 1:49pm Apr 5, 2021 1:49pm
Quoting pipmaster77
{quote} Best deal out there if they pay. They seem to be having trouble paying a few hundred to some people. What happens when that first 20K split hits?
Yes I completely agree. Their customer service has gone to the dogs recently which is not a good sign. I'm still waiting for responses to emails sent over 3 weeks ago. It's the same with The Prop Trading which I now hear is a one man band! It's OK joining up with all these guys and hoping that if one gets through one is going to get paid the big bucks - the reality may be totally different.

Yep, we're stuck with FTMO until the rest have similar feedback regarding being paid out
  • #257
  • Apr 5, 2021 1:57pm Apr 5, 2021 1:57pm
Quoting pipmaster77
{quote} Best deal out there if they pay. They seem to be having trouble paying a few hundred to some people. What happens when that first 20K split hits?
I haven't seen anyone talking about trouble paying a few hundred... Can you link me?
  • #258
  • Apr 5, 2021 1:58pm Apr 5, 2021 1:58pm
Quoting Mtinifx
{quote} Yes I completely agree. Their customer service has gone to the dogs recently which is not a good sign. I'm still waiting for responses to emails sent over 3 weeks ago. It's the same with The Prop Trading which I now hear is a one man band! It's OK joining up with all these guys and hoping that if one gets through one is going to get paid the big bucks - the reality may be totally different. Yep, we're stuck with FTMO until the rest have similar feedback regarding being paid out
Go to their telegram and ping ben.
  • #259
  • Apr 5, 2021 2:00pm Apr 5, 2021 2:00pm
Quoting Mtinifx
{quote} Yes I completely agree. Their customer service has gone to the dogs recently which is not a good sign. I'm still waiting for responses to emails sent over 3 weeks ago. It's the same with The Prop Trading which I now hear is a one man band! It's OK joining up with all these guys and hoping that if one gets through one is going to get paid the big bucks - the reality may be totally different. Yep, we're stuck with FTMO until the rest have similar feedback regarding being paid out
am currently on challenge for the prop trading.

no issues to replies on email so far. dont know if they are legit or not. took the leap of faith. same with fxseed.

ftmo restrictions got on my nervs, i hate them
offering my system to copy trade. check my link
  • #260
  • Apr 5, 2021 2:15pm Apr 5, 2021 2:15pm
The worst thing with FTMO is that, we cannot trade weekends.. That is the worst part for me of all... Algo trader here and you really cant do much with not having weekends an option..
In God we trust. All others must bring data.
80 traders viewing now