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  • #1,261
  • May 24, 2021 5:14am May 24, 2021 5:14am
Quoting Basill
Some of these "Prop" firms calculate their DD allowance differently. Some calculate DD on running equity, some on closed trades which means on balance. Can make a massive difference to your chances of success.

Not really. If you just calculate your risk properly then "chances of success" remain the same. Its weird when people think that a 5% or 10% change in equity per day is healthy..... its a tell tale sign of way too much risk.
  • #1,262
  • May 24, 2021 5:54am May 24, 2021 5:54am
Anyone heard of these people? Samuel and Co. Suppose to have 5 star reviews

https://www.samuelandcotrading.com/JTP

You have to make $1000 profit on $25k account at 3:1 leverage and you keep 50% of the profit
  • #1,263
  • May 24, 2021 6:14am May 24, 2021 6:14am
Quoting Mtinifx
Anyone heard of these people? Samuel and Co. Suppose to have 5 star reviews https://www.samuelandcotrading.com/JTP You have to make $1000 profit on $25k account at 3:1 leverage and you keep 50% of the profit
Leverage is great from their side but horrendous from the traders side.

Maybe worth a further read as a first glance shows it as having perhaps a slightly different model.

Ongoing monthly fee by the looks but with some offset.

First 3 days appear to be in house ....

Hmmm.

Masterrmind ........
Master your Mind then Master your Trades
  • #1,264
  • May 24, 2021 6:27am May 24, 2021 6:27am
Anyone noticed something strange about the revamped Myff website?

Talking about the "rapid" model, it's got "Rule 5" which states that the trader will get the same old 10% going up to 15% after 3 months.

Then it's got "Rule 7" which talks about a static 12% payment also paid bi-weekly.

Which is correct? Does one get both??
  • #1,265
  • May 24, 2021 7:08am May 24, 2021 7:08am
Quoting Mtinifx
Anyone noticed something strange about the revamped Myff website? Talking about the "rapid" model, it's got "Rule 5" which states that the trader will get the same old 10% going up to 15% after 3 months. Then it's got "Rule 7" which talks about a static 12% payment also paid bi-weekly. Which is correct? Does one get both??

They have already addressed it. There was some revert to the old site and the data got mixed up. Its being fixed. Something about godaddy and server migration, i dno but its been made public.
  • #1,266
  • Edited 11:09pm May 24, 2021 1:12pm | Edited 11:09pm
Quoting Takisd
{quote} They have already addressed it. There was some revert to the old site and the data got mixed up. Its being fixed. Something about godaddy and server migration, i dno but its been made public.
Well I'm glad you've got the inside information mate because no one else has - it's all a bit confusing for new punters visiting the website!

In the meantime Traders Central has upped their game - it's getting quite competitive out there

That's about 320 quid for 100k challenge, probably the cheapest on the market I would think?
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  • #1,267
  • May 24, 2021 3:31pm May 24, 2021 3:31pm
Quoting Mtinifx
{quote} Well I'm glad you've got the inside information mate because no one else - it's all a bit confusing for new punters visiting the website! In the meantime Traders Central has upped their game - it's getting quite competitive out there That's about 320 quid for 100k challenge, probably the cheapest on the market I would think? {image}
The one HUGE thing I do not like about them....you must keep your profit in or they don't scale you. They double you at 10%, but you must leave it in. So if you don't need immediate money....fine. I think the trick here is the longer you keep profits in, the greater the odds of blowing the account before they pay you ANYTHING. Of course, you do have the option of simply generating your profits on a 100K account and collecting without scaling.
  • #1,268
  • May 24, 2021 11:13pm May 24, 2021 11:13pm
Is this for real? $400 for a 200k account! Another new kid on the block

https://www.fxtallents.com

Sounds too good to be true!

"Payout is weekly. Each Friday when market close you can take out profit. Payout is usually done via paypal or bank wire. But if you prefer any other payout method, feel free to let us know."
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  • #1,269
  • May 24, 2021 11:44pm May 24, 2021 11:44pm
Quoting Mtinifx
Is this for real? $400 for a 200k account! Another new kid on the block https://www.fxtallents.com Sounds too good to be true! "Payout is weekly. Each Friday when market close you can take out profit. Payout is usually done via paypal or bank wire. But if you prefer any other payout method, feel free to let us know." {image}
The Trust pilot reviews are priceless:

"Account trading type rocking" - from US
"Like account trading type" - from Australia
"best possible account trading type" -from Great Britain
"Account trading type is good" - also from GB
"account trading type is awesome" - from US

Because people from around the globe usually say the same thing every third review.

My favorite though is this one:

From the US with a name that you would assume is a native English speaker - Jude Conway

"Good account trading condition, really easy to follow rules, only I am really not able to pass within 30 days, there is need at least 90 days for first phase"

Clearly fake reviews 38/38 all excellent. Uh huh

And our buddy Daniel Edwards from the US: "I have compare your rules with other prop companies, your rules are really best"

Daniel sounds like some of my first-generation Filipino friends.

Hey Forex Talent, "Lying doesn't beget trust"

At least put a little more effort into your lies. Pathetic
Pride always comes before destruction.... -Proverbs 16:18
  • #1,270
  • May 25, 2021 12:57am May 25, 2021 12:57am
Everone chasing & drooling over these shonky funded trader programs. Y'all should take a look at the likes of Lepus.
Money Makes Money
  • #1,271
  • May 25, 2021 1:51am May 25, 2021 1:51am
Quoting KiwiOz
Everone chasing & drooling over these shonky funded trader programs. Y'all should take a look at the likes of Lepus.
Really? 4-6% per month? Anyone who can do it does not need such programs.
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  • #1,272
  • May 25, 2021 1:58am May 25, 2021 1:58am
Quoting ladder
{quote} Really? 4-6% per month? Anyone who can do it does not need such programs. {image}
I attended one of their session in person. Noted couple of comments made during the session.
1) "There is no guarantee you will be funded even if you meet the criteria"
2) No clear criteria on how or what triggers the move from 10K to 40K to 150K and so on. When asked the response was "We assess everyone individually"
Trading is SIMPLE not EASY.
  • #1,273
  • May 25, 2021 2:21am May 25, 2021 2:21am
In addition, it appears they're an IB for their preferred broker (and get a commission from your trading during evaluation).
Amor Fati--F. Nietzsche
  • #1,274
  • May 25, 2021 7:42am May 25, 2021 7:42am
MFF is probably the one of the closest to competing with prop leaders FTMO, the only thing I don't like is that if you use any EA's you need to send them the EA's to approve prior to using.

Now what if those EA's are personal paid for EA's? Am I just expected to give them my EA's that I paid a lot of money for to approve them? What's to stop them from taking the EA's after seeing how good they are and using them themselves? Apparently I'm just supposed to trust them.. Yeah don't know about that one..
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Truth is like poetry. And most people f*cking hate poetry.
  • #1,275
  • Edited 8:16am May 25, 2021 7:58am | Edited 8:16am
Quoting mrdfx
MFF is probably the one of the closest to competing with prop leaders FTMO, the only thing I don't like is that if you use any EA's you need to send them the EA's to approve prior to using. Now what if those EA's are personal paid for EA's? Am I just expected to give them my EA's that I paid a lot of money for to approve them? What's to stop them from taking the EA's after seeing how good they are and using them themselves? Apparently I'm just supposed to trust them.. Yeah don't know about that one.. {image} {image}
I agree. FTMO and MFF are, to me, the only way to go. Well, as long as you're doing the eval model.
I like Enfoid model as well, but, at this point, that 50% split needs a bump.
  • #1,276
  • May 25, 2021 8:01am May 25, 2021 8:01am
Any chance you guys know what brokers MFF use and what accounts they are using for the evaluations

I have found a huge difference in commission cost with the myriad of different brokers used by these prop firms

thanks in advance

Geoff
  • #1,277
  • May 25, 2021 8:07am May 25, 2021 8:07am
MFF is from Ontario, Canada. Just had chat with them.

From my home, 25 km away.

ha..ha..
Intraday only.
  • #1,278
  • May 25, 2021 8:10am May 25, 2021 8:10am
anyways, i will first go with ftmo only
Intraday only.
  • #1,279
  • May 25, 2021 8:18am May 25, 2021 8:18am
Quoting geoffrod
Any chance you guys know what brokers MFF use and what accounts they are using for the evaluations I have found a huge difference in commission cost with the myriad of different brokers used by these prop firms thanks in advance Geoff
Tickmill, FxPig, ICMarkets and Octaforex. I am using Tickmill based on a recommendation from a fellow trader in here. They are fantastic, so that's who I would suggest.
  • #1,280
  • May 25, 2021 8:20am May 25, 2021 8:20am
Quoting pipmaster77
{quote} Tickmill, FxPig, ICMarkets and Octaforex. I am using Tickmill based on a recommendation from a fellow trader in here. They are fantastic, so that's who I would suggest.
I guess you used credit card for fee payment.

How is your experience ?

And you took evaluation or any other plan?

How is the broker feed ?
Intraday only.
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