Prop Firm Hub | Page 134 | 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

  • #2,661
  • Jul 28, 2021 8:26am Jul 28, 2021 8:26am
Quoting Masterrmind
{quote} Almost identical trading conditions to most of the others. Very new so reason enough to be sceptical at this stage. Biweekly payments. Trade however you like. Minimum 10 days trading. Trading period 30 days phase 1 and 60 days phase 2. 10% target Phase 1 and 5% Phase 2 Daily DD of 5% Max DD of 10% 80% profit split. Leverage of 1:200. 200k challenge is $1250. Appears there are no free retakes....hmmm. All sounds very familiar with plenty of other current offerings. $1 000 000 funded account via invitation only and is based on the traders...
Almost identical because they are "Identical" They all come from the same stable. A least 6 of the recently started so called Forex prop' firms are financed by Traderscentra.capital. TCC supply the programs at discount price to anyone who fancies themselves as a wannabe prop' firm. All these firms funded by the same outfit. Makes you wonder can they back it up when it comes to paying out the successful.?
Look Left Trade Right
  • #2,662
  • Jul 28, 2021 8:38am Jul 28, 2021 8:38am
Quoting Basill
{quote} Almost identical because they are "Identical" They all come from the same stable. A least 6 of the recently started so called Forex prop' firms are financed by Traderscentra.capital. TCC supply the programs at discount price to anyone who fancies themselves as a wannabe prop' firm. All these firms funded by the same outfit. Makes you wonder can they back it up when it comes to paying out the successful.?
Yes, I receive emails almost daily from TradersCentral to start my own prop firm. So, great question, with all the white labels they are taking on, can they pay? I'll repeat the same thing over again.....FTMO, MFF and the 5%ers.....only ones standing in 2 years. If i were a gambling man (lol), I'd leverage my entire account on it.
  • #2,663
  • Jul 28, 2021 9:04am Jul 28, 2021 9:04am
Doesnt traderscentral have a whole bunch of reports of non payment lately? I dno, i ignored that firm for ages since the whole fxseed bs.
  • #2,664
  • Jul 28, 2021 9:14am Jul 28, 2021 9:14am
Quoting Takisd
Doesnt traderscentral have a whole bunch of reports of non payment lately? I dno, i ignored that firm for ages since the whole fxseed bs.
Yes, I'm somehow on their mailing list. Probably from like a year ago when I was doing my initial prop firm research. They are one of those that scales you if you leave the profit in. Well, they scale you at 10%, so you must leave that in, you can withdrawal above the 10%. I dismissed them rather quickly.
  • #2,665
  • Jul 28, 2021 11:49pm Jul 28, 2021 11:49pm
Quoting Basill
{quote} Almost identical because they are "Identical" They all come from the same stable. A least 6 of the recently started so called Forex prop' firms are financed by Traderscentra.capital. TCC supply the programs at discount price to anyone who fancies themselves as a wannabe prop' firm. All these firms funded by the same outfit. Makes you wonder can they back it up when it comes to paying out the successful.?
Risk is set fairly uniformly amongst them with only a few differences.

Might be an idea to place these 'white labels' connected to Traders Central in their very own section.

If any trader has such a list feel free to post it and I'll update Post 1.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,666
  • Edited 6:58am Jul 30, 2021 6:47am | Edited 6:58am
Quoting doji
{quote} Tier1FX has the glitchiest MT4 platform I've ever come across bar none. For instance, just a short while ago, I asked Lux Support to set a TP on a trade I made because MT4 is frozen again. But there's good news: Lux is switching over to a much better broker in 14 days, I learned from our chat.
have you tried the jforex platform with tier1, pretty darn good for trade managment, I would still use mt4 for charting.
It's in fear when people show what they truly value.
  • #2,667
  • Jul 30, 2021 7:00am Jul 30, 2021 7:00am
Quoting Masterrmind
{quote} Do keep us updated with your progress Rmg. Masterrmind .........
Lasted for a whooping day and half before violation.....
another accelerated conventional is in progress.
on a postive roll...
  • #2,668
  • Jul 30, 2021 7:04am Jul 30, 2021 7:04am
Quoting Rmg
{quote} Lasted for a whooping day and half before violation..... another accelerated conventional is in progress.
Not easy as people think, even harder to keep the live account for long term.
The most difficult has to be 5% summer plan.
Know what you trade
  • #2,669
  • Jul 30, 2021 7:10am Jul 30, 2021 7:10am
Quoting BWilliam
{quote} Not easy as people think, even harder to keep the live account for long term.
Yes, absolutely correct. I only do challenge models, however, I grind out 0.4-0.5% per day to pass, obviously I'll take more if my trades give it. Once funded, I reduce risk down to the ridiculous as the only objective once you have the account is....DON"T BLOW IT!!! There is no more pressure to hit a target within a certain time and if you reinvest and start stacking the capital, you really do not need a crazy % to make a ton of money. If you max 400K at FTMO and 600K at MFF and generate 3% per month, you're at 300K per year after split.
Yes, doing the 5%ers summer plan as well, there is no time limit, so I'm treating that as if I already have the account, real low risk. Name of the game is control the risk, not how much profit you can make.
  • #2,670
  • Jul 30, 2021 7:14am Jul 30, 2021 7:14am
Quoting pipmaster77
{quote} Yes, absolutely correct. I only do challenge models, however, I grind out 0.4-0.5% per day to pass, obviously I'll take more if my trades give it. Once funded, I reduce risk down to the ridiculous as the only objective once you have the account is....DON"T BLOW IT!!! There is no more pressure to hit a target within a certain time and if you reinvest and start stacking the capital, you really do not need a crazy % to make a ton of money. If you max 400K at FTMO and 600K at MFF and generate 3% per month, you're at 300K per year after split....
Tbh what you propose is the way to go. Take it slow and steady a 6-12 months project.

It begs the question, aside from MFF and FTMO can anyone with real payout experience recommend a similar 3rd potential to raise the total funded to $1.5 million.
Know what you trade
  • #2,671
  • Jul 30, 2021 7:17am Jul 30, 2021 7:17am
Quoting BWilliam
{quote} Tbh what you propose is the way to go. Make it a 6-12 months project. It begs the question, aside from MFF and FTMO can anyone recommend a similar 3rd potential to raise the total to $1.5 million.
I do a ton of research on these firms, been doing it since last June, short answer no....that is why I took on the 5%ers summer plan, I cannot stand their standard model or anything similar, however, they are solid and reliable and I believe long term. Enfoid was once on my radar, but at a 50% split and 1K for 100K....they need to get with the times.
  • #2,672
  • Jul 30, 2021 7:20am Jul 30, 2021 7:20am
Quoting pipmaster77
{quote} I do a ton of research on these firms, been doing it since last June, short answer no....that is why I took on the 5%ers summer plan, I cannot stand their standard model or anything similar, however, they are solid and reliable and I believe long term. Enfoid was once on my radar, but at a 50% split and 1K for 100K....they need to get with the times.
I may take a $315 risk with this newcomer with the 50k plan later this year.
https://thefundedtraderprogram.com/
Know what you trade
  • #2,673
  • Jul 30, 2021 7:43am Jul 30, 2021 7:43am
Quoting BWilliam
{quote} I may take a $315 risk with this newcomer with the 50k plan later this year. https://thefundedtraderprogram.com/
Been looking at them as well. If you take Blake's coupon code you can get a 10% discount so it make its quite good value.

I've seen some payouts from them already so they are paying out which is a good sign for a new prop firm.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,674
  • Jul 30, 2021 9:27am Jul 30, 2021 9:27am
Quoting Takisd
Been experimenting with a bunch of the prop firms feeds. I have a bot that opens a pending order near price if the price goes 1 move against closed the loss if it goes in profit it trails it. With FTMO, Lux, thefundedtrader and MFF this bot fails miserably. Below are the FT results where spread is below market and stop level is 0. It doesn't take rocket science to say that they won't pay this out. But I can assure you its not arbitrage, its not hitting old prices, its no cheating per se, it could be considered taking advantage of fake prices, but...
There's another chap on FT that got denied his 200k profit on 300k account. Its being discussed on the "Forex Prop Firms" FB group.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_22.png Size: 479 KB
Trade with confidence, trade without fear.
  • #2,675
  • Jul 30, 2021 10:32am Jul 30, 2021 10:32am
Quoting Cryptosurf
{quote} There's another chap on FT that got denied his 200k profit on 300k account. Its being discussed on the "Forex Prop Firms" FB group. {image}
People exploiting the indices lag that there was some weeks ago and expecting to be paid. I already got paid twice by FT for about 2k dollars. Now just requested third payment of 8k. Lets see
  • #2,676
  • Jul 30, 2021 10:52am Jul 30, 2021 10:52am
Quoting emicovi
{quote} People exploiting the indices lag that there was some weeks ago and expecting to be paid. I already got paid twice by FT for about 2k dollars. Now just requested third payment of 8k. Lets see
Yeah not sure what the details are with it. Its being discussed to great lengths over on the group. It appears from the screenshots it is more recent event from the one earlier with the feed lag. Honestly don't really care. It just sounded like something Takisd had discussed.
Trade with confidence, trade without fear.
  • #2,677
  • Jul 30, 2021 11:02am Jul 30, 2021 11:02am
I would really appreciate if anyone can answer the following especially if they have their own experience. I am assuming there is NO lag OR technical issues that ''game'' the system.


How many seconds can be considered ''micro scalping, arbitrage etc '' ? Less than 30 seconds ? Less than 5 minutes ? Less than 10 minutes ?

Is it common for brokers to deny payment if the trades do not last at least let's say 5 minutes.

These questions are for prop firms but also live accounts (non prop firms).


Thanks to anyone that might clarify.
  • #2,678
  • Jul 31, 2021 12:20am Jul 31, 2021 12:20am
Quoting pipmaster77
{quote} Yes, absolutely correct. I only do challenge models, however, I grind out 0.4-0.5% per day to pass, obviously I'll take more if my trades give it. Once funded, I reduce risk down to the ridiculous as the only objective once you have the account is....DON"T BLOW IT!!! There is no more pressure to hit a target within a certain time and if you reinvest and start stacking the capital, you really do not need a crazy % to make a ton of money. If you max 400K at FTMO and 600K at MFF and generate 3% per month, you're at 300K per year after split....
Usually gets 0.5 to 1 % within a hour of session but stopping is the problem all my blown ups comes after good winning trades. When I stopped trying harder got funded from ftmo 3 accounts only to blown up within a week. False perception of my own faults, overconfidence and risk seeking nature sums it up.
on a postive roll...
  • #2,679
  • Jul 31, 2021 1:49am Jul 31, 2021 1:49am
Hhhmmm appreciate your honesty.
Allergic to bullshitters, never argue with fools
  • #2,680
  • Jul 31, 2021 4:57am Jul 31, 2021 4:57am
Update from Funding Talent: they accepted my request for withdrawal of 8.2k dollars
50 traders viewing now