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  • #261
  • Apr 5, 2021 3:04pm Apr 5, 2021 3:04pm
Quoting Mr.Sexobeat
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..
I think the worst thing is the news restriction. Every other thing is manageable in my opinion.

I also think theprop trading offers the best conditions overall. It's worth trying out for anyone who has a few hundred to risk. They respond well and fast to queries or questions even though the management/staff structure seems very sketchy ... We'll just have to wait and see have payouts pan out.

Fxseed seems very interesting too, second time I'm reading about it. Most attractive thing is that you can withdraw anytime you hit 5% in a month... Don't have to wait until month end.
Stay away from the managed account program tho, saw on YouTube that they took huge losses not long ago.

This also bothers me but it may just be nothing..
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  • #262
  • Apr 5, 2021 3:08pm Apr 5, 2021 3:08pm
Is anyone currently trying PropTrading? I'd like to connect and see how it goes so far. But yeah, conditions are perfect there, which also leads to a red flag. I hope they become the new best prop tho.

And FXSeed has that subjective part which is ridicoulous. Rules need to be clear.
In God we trust. All others must bring data.
  • #263
  • Apr 5, 2021 3:40pm Apr 5, 2021 3:40pm
Quoting Masterrmind
{quote} 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 .........
Yes, pretty much the same model as the 5%ers except you get 1 year to complete the challenge and you need 12.5% to scale up to the next level.

It's the reviews that led me to them. Like the 5%ers and FTMO, they have no history of non-payment which is the only thing that matters at the end of the day for me. Don't give me meaningless frills, just make sure I get my worthless fiat money.

The smaller DD and smaller payout%'s don't concern me much either. The scaling model is what I'm after. FTMO gives you the big boom right away but they have a very slow scaling model.

With the 5ers and CTI, earn 4-7% a month for 6 months and a 50K account becomes 400K. Then that 4% DD gives you 16K to play with. If you have the confidence and the risk management the sky is the limit. Just go low and slow and the plan will come to fruition. Well, at least theoretically

Anyways, good to have this thread to make sure each potential prop firm gets some extra vetting from the FF crowd.

Cheers.
Pride always comes before destruction.... -Proverbs 16:18
  • #264
  • Edited 4:01pm Apr 5, 2021 3:50pm | Edited 4:01pm
to be fair, my reasoning to trust fxseed was exactly the red flag u guys mention.
they want stability not gambling.
so if you take 1 lot trades and suddenly take 20 and pass in one trade u will not pass the challenge. ( yeah i love this)
the most important thing for me is that they double the account up to 1m for every 10% is 3 stages.
you only need to leave the money into to the account, not do 10% in a month. 3% this month +7% next month you scale up. i am not really sure though if they take their cut into the calculation or not. i do believe the +10% should be left after they take their share.
100-200-400-1m or 50-100-200-1m
verification is 20 minimum days and i like that very much as well
also everyone on the very first account management program got a free retry and they do show some history of their managers (i wouldnt trust anyone to trade on my behalf but if they do succed i'll certinly open up a few accounts with them for familly and friends and maybe become a manager myself)

so far they look legit and honest. the account manager program is a red flag for me cause it raises the risk for the company and to be fair with the stuff they have on board, i see max losses of 1k and max wins of 1k. i have yet to see one of them that his bigest wins are double in size from his biggest losses

untill i get paid by either one of them(prop trading or fxseed) i do not recomend them to anyone unless they got a few hundred $$$ to risk. i had them i risked them

big bonuses as well, no news and weekend restrictions + 80% profit split

in the meantime, this is my challenge with them and i have yet to see a manager that his account looks like mine.
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offering my system to copy trade. check my link
  • #265
  • Apr 5, 2021 5:50pm Apr 5, 2021 5:50pm
After further research it seems FXseed is a sort of subsidiary of Traders Central Fund.
I was wondering why their offers sounded so familiar. It's exactly the same as Traders Central Fund which have been around for longer.
TCF even already have the "immediate live account" option (at 1:3 leverage) that FX seed is looking to introduce soon.
Their statement here further confirms my belief...
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It's a plus for them/their credibility if they're backed by an old timer such as TCF.
  • #266
  • Apr 5, 2021 6:10pm Apr 5, 2021 6:10pm
Quoting Koop
After further research it seems FXseed is a sort of subsidiary of Traders Central Fund. I was wondering why their offers sounded so familiar. It's exactly the same as Traders Central Fund which have been around for longer. TCF even already have the "immediate live account" option (at 1:3 leverage) that FX seed is looking to introduce soon. Their statement here further confirms my belief...{image} It's a plus for them/their credibility if they're backed by an old timer such as TCF.
they are prety active on telegram as well and live zoom calls with master traders etc. also heard they are gonna use live accounts (for the instant funding at least, not sure about the challenge)

anyway, i paid my money, see what happens
offering my system to copy trade. check my link
  • #267
  • Apr 6, 2021 12:24am Apr 6, 2021 12:24am
Anyone know anything about theproptrading.com.au/. Looks very good. Better even than FTMO. Are they too good to be true.
I see they are based in Brisbane Australia.
Look Left Trade Right
  • #268
  • Apr 6, 2021 12:54am Apr 6, 2021 12:54am
Quoting Basill
Anyone know anything about theproptrading.com.au/. Looks very good. Better even than FTMO. Are they too good to be true. I see they are based in Brisbane Australia.
I think fly-by night operator.

1) The site does not list any AFSL number (which is required by Australian Law to provide any financial related service)
2) Ownership and contact details of the site

  1. Registrant Contact Name: Willichan Guilardi Castro Gomes
  2. Registrant Contact Email: [email protected]
  3. Tech Contact Name: Willichan Guilardi Castro Gomes
  4. Tech Contact Email: [email protected]

3) Fake address - 1171 / 71 Gould Road, Heston, QLD 4006. The closest match is 71 GOULD RD, HERSTON QLD 4006 and it is an old house as displayed on google map.

Trading is SIMPLE not EASY.
  • #269
  • Apr 6, 2021 1:11am Apr 6, 2021 1:11am
Quoting garfield75
{quote} I think fly-by night operator. 1) The site does not list any AFSL number (which is required by Australian Law to provide any financial related service) 2) Ownership and contact details of the site Registrant Contact Name: Willichan Guilardi Castro Gomes Registrant Contact Email: [email protected] Tech Contact Name: Willichan Guilardi Castro Gomes Tech Contact Email: [email protected] 3) Fake address - 1171 / 71 Gould Road, Heston, QLD 4006. The closest match is 71 GOULD RD, HERSTON QLD 4006 and it is an old house as displayed...
Cheers mate.
Lets see if they can justify their existence,!!
Look Left Trade Right
  • #270
  • Edited 9:28am Apr 6, 2021 9:16am | Edited 9:28am
I just wanted to update my experience with the 5ers.

As I posted previously I reached my 6% target on day 14 so I just opened and closed a trade for 6 more days to satisfy the 20-day minimum requirement.

So yesterday during their off-hours I finished the 20th day. I received a congratulatory email within minutes which contained my login credentials and the request for ID verification, bank info, etc. Within a few hours of their office opening up, I received an email stating that all my info was processed and that my account was now activated.

However, the account was for Meta5 which was recently added as a new option for their traders. I prefer Meta4 as my one main indicator and simple trendline selling EA is for Meta 4.

So I go on their website, initiate a live chat, and within minutes my account is switched to Meta4 with new login credentials.

So regardless of the pros and cons of their fees, trading parameters, etc etc. The bottom line for me is they are extremely professional and on point when it comes to their customer service. They have a spotless payout track record and their scaling plan is very attractive.

Anyways, just thought I'd share more of my experience with the 5ers. I'll also be sharing my new 40K funded account journey with a live TE until I have a revenge trading meltdown in which case I'll delete it and claim my account was hacked.

EDIT: And I almost forgot they sent out a free trading plan booklet which I thought was a nice touch.
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Pride always comes before destruction.... -Proverbs 16:18
  • #271
  • Apr 6, 2021 11:52am Apr 6, 2021 11:52am
Well done mate ! But I must admit I am a bit jealous for that trading plan. Something physical is nice for a change, right ?!

Anyway, on another note. Don't you guys find it odd that almost none of these offer proven live accounts history based programs ?

I mean, they are looking for good traders, no ?
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #272
  • Apr 6, 2021 1:53pm Apr 6, 2021 1:53pm
What I think that each prop would actually be able to do for you is if you have a track record that is stable and let's say goes like that for a year or two, they'd actually want to have you on board and change some rules for you or make it more approachable for the systems you trade. None do that as far as I have seen.

This only leads to the conclusion that most money they make is from failed applications.. Not sure, but just a logical way of thinking.
In God we trust. All others must bring data.
  • #273
  • Apr 6, 2021 2:40pm Apr 6, 2021 2:40pm
Good evening @ all,

all the best for you're challenge Mastermind!

Is the registration fee the same amount like the outlined 'refundable fee' for there challenge (FTMO)?

Best
Chriss
  • #274
  • Apr 6, 2021 4:14pm Apr 6, 2021 4:14pm
Quoting Expo33
I just wanted to update my experience with the 5ers. As I posted previously I reached my 6% target on day 14 so I just opened and closed a trade for 6 more days to satisfy the 20-day minimum requirement. So yesterday during their off-hours I finished the 20th day. I received a congratulatory email within minutes which contained my login credentials and the request for ID verification, bank info, etc. Within a few hours of their office opening up, I received an email stating that all my info was processed and that my account was now activated. However,...
Good for you Expo33.

Thanks for sharing your experience and keeping it real with a TE.

Meltdown by you .... Impossible....

Masterrmind ........
Master your Mind then Master your Trades
  • #275
  • Apr 6, 2021 4:15pm Apr 6, 2021 4:15pm
Quoting chrissfx
Good evening @ all, all the best for you're challenge Mastermind! Is the registration fee the same amount like the outlined 'refundable fee' for there challenge (FTMO)? Best Chriss
It cost me the equivalent of €1080.

Masterrmind ........
Master your Mind then Master your Trades
  • #276
  • Apr 6, 2021 8:40pm Apr 6, 2021 8:40pm
Quoting Mr.Sexobeat
What I think that each prop would actually be able to do for you is if you have a track record that is stable and let's say goes like that for a year or two, they'd actually want to have you on board and change some rules for you or make it more approachable for the systems you trade. None do that as far as I have seen. This only leads to the conclusion that most money they make is from failed applications.. Not sure, but just a logical way of thinking.
This is a very valid logical deduction to arrive at.

They also make their money by partnering with a certain brokerage and act as an introducing broker in a way.
  • #277
  • Apr 7, 2021 5:10am Apr 7, 2021 5:10am
Quoting kCBHk
{quote} This is a very valid logical deduction to arrive at. They also make their money by partnering with a certain brokerage and act as an introducing broker in a way.

Yeah, but as long as the payment is clean and on time, I don't have anything to say about it. I cannot talk when I don't know full business model they run :S
In God we trust. All others must bring data.
  • #278
  • Apr 7, 2021 6:08am Apr 7, 2021 6:08am
Quoting Mr.Sexobeat
{quote} Yeah, but as long as the payment is clean and on time
Only thing that matters IMO.
  • #279
  • Apr 7, 2021 6:10am Apr 7, 2021 6:10am
Quoting Masterrmind
{quote} It cost me the equivalent of €1080. Masterrmind ........
Are you eating bread and water for the next two months?

After that it's Caviar on toast
  • #280
  • Apr 7, 2021 6:16am Apr 7, 2021 6:16am
nice thread subscribed currently on the 100k verification for ftmo
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