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  • #401
  • Apr 14, 2021 2:51am Apr 14, 2021 2:51am
Quoting pipmaster77
{quote} The 5%ers/CTI and any similar model where the fee is larger than the DD can simply be replicated in a personal account without giving away any profit split. Just think about the position size you would need to trade with $400 DD (10K eval) or $800 DD (20K eval). The fee they are charging for that is $450 and $875. If you put that in a personal account, you will make the same profit. Simply use a risk of ruin of 5%, you can risk $20 or $40 per trade with them and $22.50 or $43.75 per trade on your own. The scaling is the marketing genius,...
You figured that out as well
  • #402
  • Apr 15, 2021 11:01pm Apr 15, 2021 11:01pm
Quoting mtako
{quote} I dont understand Masterrmind why you would start trading larger, but that is normal I do not know your systems workings... I know you want to make it. But at this point I would think about the chances of making 12.5% vs 3 % and take the most probable route. Perhaps next month will be a much better month for your system and your chances will be increased. I personnaly would not raise my risk but lower it to get to a bit above bE first, and accept a free retry, or be extremely lucky the market has resynced with my system well enough and start...
Some great comments in your post.

I am trading well within the trading objectives set by the firm passing everything except the PT.

Currently sitting in a DD hole at the moment bouncing around the 2.5% level underwater but I have plenty of time ... about the end of week 1 in May.

Main priority now is to reel in the DD and get back to BE.

Max lot size currently applied is 2 lots on a 200k account so still not too aggressive in my opinion.

Masterrmind .........
Master your Mind then Master your Trades
  • #403
  • Apr 16, 2021 10:16am Apr 16, 2021 10:16am
Another prop firm. Up to 10million.

https://luxtradingfirm.com/

Saw on youtube.
  • #404
  • Apr 16, 2021 10:27am Apr 16, 2021 10:27am
Quoting Ross88
Forex Funding Programs | Forex Funded Account (luxtradingfirm.com) Does anyone have experience with these guy's or any opinions on them I'm not sure about them this is from their trading rules I think it's a bit harsh {image} But they have not time limit on passing their test but you do have to actively trade for 29 days {image}

Quoting jinsen
Another prop firm. Up to 10million. https://luxtradingfirm.com/ Saw on youtube.
With their rules I think these guy's what you to fail IMO
  • #405
  • Apr 16, 2021 10:39am Apr 16, 2021 10:39am
Quoting Ross88
{quote} {quote} With their rules I think these guy's what you to fail IMO
4% relative DD. Another firm where the fee is higher than allowable loss.
  • #406
  • Apr 16, 2021 10:43am Apr 16, 2021 10:43am
Quoting Ross88
{quote} {quote} With their rules I think these guy's what you to fail IMO
I taken a glance... evaluation and first funded is relative. After which is fixed dd. Although it is no time limit. The relative dd can get kill if the market is crazy. Might as well go for the5%. It say it is not broker and does not accept deposit and thus not necessary to be regulated...
  • #407
  • Apr 16, 2021 11:55am Apr 16, 2021 11:55am
If someone is offering you "up to 10 million" they are morons. Leverage kills the point of a 10 million dollar account. You cannot get 1:500 or 1:200 or even 1:100 on 10 million, anywhere. 10 million sounds good, but in this market, its stupid.
  • #408
  • Apr 16, 2021 12:04pm Apr 16, 2021 12:04pm
Quoting jinsen
Another prop firm. Up to 10million. https://luxtradingfirm.com/ Saw on youtube.
Lol @ 10million. Now it's just getting ridiculous. Funny how no trader ever reaches these heights. Just marketing tricks to make what they offer look better than their more popular rivals.

like 5ers and their $2million account at 1:3 leverage lol
  • #409
  • Edited Apr 17, 2021 4:14am Apr 16, 2021 10:45pm | Edited Apr 17, 2021 4:14am
Has anyone here tried out/been funded by https://funded-traders.com?

They require no fee to be evaluated except for US traders (but you have to open a live account at their brokers of choice--ICMarkets/Fortrade--and trade from 3 to 6 months so they could monitor your performance and decide whether or not you deserve to be funded). Max cap is $1.2 M; profit-share is 50%.

Comparable to 5ers and CTI as far as T & C's for funded traders are concerned (but I'm assuming leverage wouldn't be as restrictive).

Got good reviews on Trust Pilot, if that matters.
Amor Fati--F. Nietzsche
  • #410
  • Apr 17, 2021 12:20am Apr 17, 2021 12:20am
Quoting jinsen
Another prop firm. Up to 10million. https://luxtradingfirm.com/ Saw on youtube.
Thanks Jinsen.

Lux Trading ... need lots of luck to make it through and even more luck to be consistent!

4% max relative DD is just too tight and too nasty for the trader, no room to move much.

Leverage of just 10:1.

Far better choices out there than this one.

Masterrmind .........
Master your Mind then Master your Trades
  • #411
  • Apr 17, 2021 12:27am Apr 17, 2021 12:27am
Quoting Takisd
If someone is offering you "up to 10 million" they are morons. Leverage kills the point of a 10 million dollar account. You cannot get 1:500 or 1:200 or even 1:100 on 10 million, anywhere. 10 million sounds good, but in this market, its stupid.
I doubt any trader alive would make it to the 10 million account under their current trading conditions.

Yes it is really stupid.

Masterrmind ..........
Master your Mind then Master your Trades
  • #412
  • Apr 17, 2021 8:34am Apr 17, 2021 8:34am
Quoting doji
Has anyone here tried out/been funded by https://funded-traders.com? They require no fee to be evaluated except for US traders (but you have to open a live account at their brokers of choice--ICMarkets/Fortrade--and trade from 3 to 6 months so they could monitor your performance and decide whether or not you deserve to be funded). Max cap is $1.2 M; profit-share is 50%. Comparable to 5ers and CTI as far as T & C's for funded traders are concerned (but I'm assuming leverage wouldn't be as restrictive). Got good reviews on Trust Pilot,...

  1. Trade for 3 – 6 months

    No one has even gotten to a point of being paid with them yet. Appear from no where, 3-6 months of evaluation... Also, trustpilot is shit, anyone can open an account and spam reviews there. Trustpilot only filter reviews when the company pays them a monthly fee. Its their swindle.

  • #413
  • Apr 17, 2021 7:14pm Apr 17, 2021 7:14pm
"No one has even gotten to a point of being paid with them yet."
Are you sure about this? Where did you get your info?

"Also, trustpilot is shit..."
That might be true to some extent but I've also seen horrid reviews of other "prop shops" (T4T, for example, or even FTMO ) there. In this case, there's just one negative comment.

But thanks for commenting, takisd. More feedback--esp. from those who've tried them out--would be welcome.
Amor Fati--F. Nietzsche
  • #414
  • Apr 17, 2021 11:39pm Apr 17, 2021 11:39pm
Looks like a new prop firm has sprung up and is looking for a representative.
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  • #415
  • Apr 18, 2021 12:05am Apr 18, 2021 12:05am
Anyone tried or have info on XLtrade?
https://www.xltrade.net/
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Trading is SIMPLE not EASY.
  • #416
  • Edited 2:15am Apr 18, 2021 12:32am | Edited 2:15am
Quoting garfield75
Anyone tried or have info on XLtrade? https://www.xltrade.net/ {image} {image} {image} {image} {image} {image}
now we are talking!!
finally one offer that seem to sound solid.

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i have proposed similar thing to FTMO, a long while back, cant do.

i have proposed recently a similar deal to 5%ers, but the offer is 4% max dd, 50% payout....AND to KEEP MY SECURITY DEPOSIT! ie. never return it! that is BS!

this offer asking to have 8% security deposit, where max dd is 5%, but with 80% share and money back if conditions meet, sounds a lot more fair.

that said, need to look into the trading conditions, spread, commission, and if the firm worth the trust, but for first glance, this is more realistically what a prop deal looks like with the security deposit.

else,
for alternative, with a lot more relaxed track record rule, and a moderate profit share in comparison ( but completely free) i can recommend AxiSelect to everyone.

happy trading
Z

PS: their regular challenge model sucks, needing to pass by making 3x 10% return on 5% max dd (100:1 lev)....almost as bad as the 5%ers aggressive model of 25% gain on 4% max dd ( but there only 30:1 lev)
there is always, always another trade!!
  • #417
  • Apr 18, 2021 12:56am Apr 18, 2021 12:56am
Quoting doji
Has anyone here tried out/been funded by https://funded-traders.com? They require no fee to be evaluated except for US traders (but you have to open a live account at their brokers of choice--ICMarkets/Fortrade--and trade from 3 to 6 months so they could monitor your performance and decide whether or not you deserve to be funded). Max cap is $1.2 M; profit-share is 50%. Comparable to 5ers and CTI as far as T & C's for funded traders are concerned (but I'm assuming leverage wouldn't be as restrictive). Got good reviews on Trust Pilot,...
I can't seem to submit the form when I am trying to apply for a free evaluation (I am not in the US). This program obviously works by partnering brokers and getting people to trade with those brokers and earning commision. However, since I already trade with IC Markets, it doesn't hurt to create a new account and just transfer some funds over.

I have emailed them about the technical issue I faced, let's see what they reply me.
  • #418
  • Apr 18, 2021 1:51am Apr 18, 2021 1:51am
This is another one that I think is worth giving a go.
https://www.lepusproprietarytrading..../probation-mex
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Trading is SIMPLE not EASY.
  • #419
  • Apr 18, 2021 1:58am Apr 18, 2021 1:58am
I'm debating between Fidelcrest and FTMO.

Fidelcrest is cheaper but there have been bad reviews. However, it seems that the bad reviews are due to the rules violation and they have changed the rules since. Is Fidelcrest worth doing?
  • #420
  • Apr 18, 2021 2:19am Apr 18, 2021 2:19am
Quoting garfield75
This is another one that I think is worth giving a go. https://www.lepusproprietarytrading..../probation-mex {image}
in short: NO, this one doesnt worth considering for anyone with a sane mind!
there is always, always another trade!!
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