Prop Firm Hub

which of these firms give the best conditions on US30, in your experience/opinion?

MFF

Multiple trading models (Evaluation, Rapid and Accelerated).
Multiple pricing models.
But its the 200K account that interests me so lets take a look.

The 14 rules that apply.

Rule #1
Take it slow. Observe risk management
You have plenty of time to achieve your target and move to the next phase. Take it slow, observe good risk management techniques. Most traders who pass the evaluation quickly fail on their live account. Be one of the few and not the many. Follow your plan and if you aren’t quite at the target at the end of the 30-day period, get in touch, maybe you qualify for an extension or retake!

Rule #2
The Models, Evaluation and establishment phase and targets.
We current only offer a standard evaluation model. Due to poor success we have removed our aggressive model.

There are two phases you must pass in order to become a funded trader.

Rule #3
Trading Behavior
Its imperative that you have a trading plan, trading strategy and risk management profile to successfully complete the evaluation.
At My Forex Funds we encourage good trading behavior but do not limit a traders ability to trade in their own style or time.
We ALLOW news trading, scalping, long term trading, short term trading etc. on all accounts.
We do not have a lot size restriction for total open lots on a single account however advise all users to be wary of their risk management profile.

Rule #4
Instruments
We constantly are looking for the best products and best conditions for our traders. Currently you can trade FOREX, CFD’s including index CFD’s as well as commodities like oil and metals.
Every now and then the product list may be updated based on the availability of margin, leverage, liquidity, and various other factors.
We adjust our products to increase the profitability of our traders where possible. We may remove a product if there are no users currently passing the phases of the evaluations due to those products.
Crypto and stocks are not be traded during evaluation phase.

Rule #5
Expert Advisers & robot usage
We allow expert adviser / robot usage on all our accounts. HOWEVER, you must submit the source code of that expert adviser or robot to get approval. Unfortunately this is necessary to prevent nefarious and abusive robots such as latency arbitrage, order spammers and trade copiers of third parties. Users are welcome to copy trades of their own using a trade copier, however, users who are copying someone elses trades will be considered in breach of their account.

Rule #6
Account types, details and house keeping
After program purchase you will receive your login details within 24-48 hours. You are not allowed to change the details of this account under any circumstances. Doing so will be a breach and your account will be suspended.
At My Forex Funds, we are looking for individual traders to grow with us long term. What this means is that we want YOU to be the trader. Its ok to learn your skills from other experts, however, use of signal bots or trade copiers will not be accepted. If we notice someone using these services, we will suspend their account. We can tell that this is happening by the magic number on the account.
This rule may not apply if you have submitted your expert adviser or bot for prior approval and approval has been granted.
We are constantly monitoring all accounts to make sure the rules are being followed.

Rule #7
Profit-split
The most important question our traders have is “when do we get paid”. You will be paid at the end of the first month of your trading on the live account after passing phase I and phase II.
The first payment is monthly and every payment after that is bi-weekly.

Rule #8
Getting paid
If you have reached your profit-split time, firstly, congratulations. Please get in touch with [email deleted by Thread Op]. You can request your payout via bank wire, transferwise, cryptocurrency or paypal.

Rule #9
Scaling up (To the moon)
My Forex Funds offers a competitive scaling up plan so that we grow with you. If you have achieved a profit of 10% or more within a 4 month period and 2 of those 4 months were profitable, we will increase your account size by 30% of the original account size

Rule #10
Drawdown rules
In any of the My Forex Funds evaluation programs you must not have a daily drawdown of 5% of equity OR balance on any given day. This is monitored closely by an automated system, includes open trades at the time of roll-over and any breach is shown in your account dashboard. Please be mindful of your trading and be sure to check your available drawdown at 00:00 server time every day.

Rule #11
Losses
No trader at My Forex Funds will be liable for any trading losses. All being said, we encourage you to practice good risk management practices and engage in a trading plan to maximize your chances of not incurring a loss

Rule #12
Retakes and extensions

My Forex Funds are always encouraging traders to practice good, safe trading. Those that do, shouldn’t be punished.
If your Phase I 30 day limit is reached and you are in profit without any breaches on the account you are entitled to 1 free extension of up to 30 days OR a unlimited free retakes.
Our extension is only offered to users who are in profit and trade using proper risk practices. Users who do not breach however do not have consistency or risk practices in their trading are only entitled to a free retake. Trade safely, be consistent, get rewarded.

Rule #13
Resets
If you find that you have breached one of the rules, you are entitled to a discounted reset of that account. Mistakes can happen, and we understand that. We want you in our team so if you have breach the rules enjoy the following discounted prices:

10k – $75.60
20k – $125.10
50k – $269.10
100k – $449.10


Rule #14
Refunds
All traders who pass Phase 1 and Phase 2 will receive a refund of their fees when they reach their first profit-split period at the end of the first month on their live trading account.

Note 1: The above 14 rules of MFF were taken directly from their website with the only alteration being that I have deleted out their billing email address in Rule #8.

Note 2: I can't see a reset fee for the 200K account in Rule #13 but lets take a guess and say about $929.10 !

Masterrmind.............

the MFF model looks good in most respects...

I especially like the 30 day extension, one time, if you are profitable at the end of the challenge, but haven't achieved target.

FTMO

Normal and Aggressive options (200K does not have an aggressive risk option)

$200K account
Rules as per screenshot above.

In the evaluation process (challenge and verification stages) news trading and holding over the weekend is allowed.

Not allowed to trade restricted news events 2 minutes either side when trading on the FTMO Account (including FTMO Aggressive Account).

Masterrmind...............

Yes I like the option to add a one time 30 day extension too.

If you think there is a good chance of hitting the target profit within the next 30 days because you've ended in profit but not close enough to the target required then go for it else start from scratch again for unlimited free resets.

This is something that FTMO should address !

Masterrmind.............

MFF Accelerated Emphatic

For $970 we have the 10K accelerated emphatic account.
Next step will be to make some comparisons between the $200K Evaluation Standard account (fee $979) and the $10K Accelerated Emphatic account (fee $970).

Masterrmind.............

Ok my thinking about prop firm strategy.
We have 3 firms and we can get :FTMO 4x100k ,MFF 3x100K and FT 3x100k if I'm not mistaken.Seven accounts to trade. 1 mil to trade,so 5% monthly after average 70% split will give you 35k before taxes.How much of own capital we need to make same amount?
Why 2x100k and not o 200K? Because if you'll make mistake, you'll lost 200k account instead of 1 of 100k.
All depends on strategy.Trade copier is great,but there is risk to screw all accounts at once.
So personally I plane to trade those accounts in baskets,so I split risk evenly among them.
5% monthly without pressure is not that hard and even if you make just 2%,there is no reason for worries.

Based on the logic you have presented would it not make sense then to drop down to $50k accounts because then you have far more accounts at your disposal.

Then we could keep dropping down all the way to say $10K accounts and trade copy them up to say $1M across several retail Prop Firms.

If you are ok managing multiple accounts then it's not a bad idea but some traders like me tend to like larger accounts merged from smaller ones just to keep things simple.

Good post,

Masterrmind ........

is the MFF 10% dd static or trailing?

You can put logic this way,even 50k accounts x 7 might suffice for many peoples needs. Personally I would't go for anything lower,but i understand that there are countries where 1k is big buck so in and is always just game of %%%% , money management and psychology.
If you know what you doing you can go for 200k. Remember,you can always join smaller accounts in to the bigger ones.

Great job and good luck for the phase 2 of the Evaluation.

All are pretty much the same. If 1 tick in US30 spread is the difference between you winning and losing there is a problem.

Of the big 3 (FT MFF AND FTMO) FT have the best spread during session, but can be terrible off session but unpredictable when it will be terrible. MFF's is pretty much fixed for each session which is a "you know what you are getting" type approach. FTMO's is a good spread but the spread ticks a lot so when you hit buy/sell you dont actually know what spread you are paying but it is decent either way.

I dont have accelerated, but I know its static from the deposit value. So if you scale, it moves up, if you don't scale, it doesnt move.

that's good info, Takisd...
thanks.
1 tick helps, but not a hell of a lot...
I tend to have many small losses, and occasional large gains... the small losses sometimes miss by a tick hooking into the right direction trade, so it can make a difference, but not usually that big. I have several charts with different settings waiting at various nearby points with stop orders... usually there's either enough energy for one of them to hook on to the move, or it's just gonna be a choppy mess, and I'll have a few small losses that day.

My phase 1 bonus amount ( 2 % ) with MFF.

It took a bit of time...they said, they are automating everything and hence this delay.

Thank you MFF.

Congrates

It is always static, based on the initial deposit on the Accelerated Emphatic model
On the Evaluation model the daily DD is relative, but the overall DD is static, according to the chat rep I spoke yesterday,
the same a FTMO
I love the Accelerated Emphatic model, you know your stop out is from the original deposit 10%, that is it, no looking back everyday

So they want the source code of any EA used!
And that's a no.

No chance of that from me either.

Masterrmind ..........

I'd be making sure the DD is not trailing otherwise give it a big miss.

From what I have read it's static overall but relative for the Daily DD limit so if this is true no issue from my part.

Have to be aware of which account you are trading and which phase of that account you are in, challenge, verification or funded as you posted above.

Masterrmind ........