Prop Firm Hub | Page 169 | 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

  • #3,361
  • Aug 31, 2021 3:15am Aug 31, 2021 3:15am
Quoting garfield75
Ready for the next stage. {image}
Very nicely done.

Masterrmind .........
Master your Mind then Master your Trades
  • #3,362
  • Edited 3:48am Aug 31, 2021 3:25am | Edited 3:48am
Signing up for 5k accelerated conventional.
My UK bank is not authorising payments to MFF, had to go through security checks.
No, definitely not trying to double the account in 2 days like the last attempt lol.
on a postive roll...
  • #3,363
  • Aug 31, 2021 3:30am Aug 31, 2021 3:30am
Quoting pipmaster77
{quote} And.....If I'm understanding this correctly, you pay the fee to traderseed, you then have a 2 stage process with traderseed, 10% and 5% respectively, THEN.....he purchases a challenge for you, in which you need to complete phase 1 and 2 like you normally would if purchasing from FTMO directly. So, in reality, this is a 4 stage challenge. No Thanks.
Absolutely.

Why do people even think this is feasible.

It ain't.

Getting through 2 phases is hard enough let alone 4 phases and then giving up some profit to this guy.

Definitely a no go for me.

Masterrmind ........
Master your Mind then Master your Trades
  • #3,364
  • Aug 31, 2021 4:30am Aug 31, 2021 4:30am
Quoting Rmg
Signing up for 5k accelerated conventional. My UK bank is not authorising payments to MFF, had to go through security checks. No, definitely not trying to double the account in 2 days like the last attempt lol.
Best of trading to you Rmg.

Masterrmind .........
Master your Mind then Master your Trades
  • #3,365
  • Aug 31, 2021 4:53am Aug 31, 2021 4:53am
Folks, i have been searching internet for MFF payment proofs that traders upload like ftmo traders do. but everything there is about passing the challenge ! . not even one video talking about withdrawing profits from mff funded account.
if you guys know one please share the link.

and i see their thread haven't been updated for 2weeks. do you guys experience difficulty getting their live support ?/

thanks
  • #3,366
  • Aug 31, 2021 4:56am Aug 31, 2021 4:56am
Quoting Feelas
Folks, i have been searching internet for MFF payment proofs that traders upload like ftmo traders do. but everything there is about passing the challenge ! . not even one video talking about withdrawing profits from mff funded account. if you guys know one please share the link. and i see their thread haven't been updated for 2weeks. do you guys experience difficulty getting their live support ?/ thanks
Email can be slow. Go to their discord chat if you need support, faster answer.
  • #3,367
  • Aug 31, 2021 5:12am Aug 31, 2021 5:12am
Quoting Feelas
Folks, i have been searching internet for MFF payment proofs that traders upload like ftmo traders do. but everything there is about passing the challenge ! . not even one video talking about withdrawing profits from mff funded account. if you guys know one please share the link. and i see their thread haven't been updated for 2weeks. do you guys experience difficulty getting their live support ?/ thanks
Their Discord app is where all the action is. They have a channel that people show proof of payment.
You can find the Discord link at the bottom of their website Evaluation | My Forex Funds
Trade with confidence, trade without fear.
  • #3,368
  • Edited 6:01am Aug 31, 2021 5:30am | Edited 6:01am
Quoting Mtinifx
{quote} No I think it's genuine. Trouble is how long can they stay in business making those kind of payouts just using money from failed challenges? I can't see how that business model works?
You can do simple math here. On FTMO it is stated 92% fail, 8% succeed the evaluation. Then the successul traders on their Elite Challenge account will do 7.5% in average as I have been told from FT. That word "successful" from FT could be meant after passed evaluation and having a profitable month, because not every trader who passes evaluation is profitable on Elite account on every month. So in case he is profitable on a Elite account in that month, then FT says he is successful. I would understand it in that way now. So that does not mean that passing after Evaluation every trader makes 7.5% every month in average, only the successful ones in the Elite Challenge and that can be, say 50% to 50% e.g.. So 50% make 7.5% in average and the other 50% traders will fail in the Elite Challenge account of FT or do not make any profits during this month. Then the profit margin of FT is still very high and so they are highly profitable.
A $100k cost $620, 11 traders can finance 1 trader with 7.5% average return on a $100k account with 90% profit split. BUT if 50% are successful AFTER passing evaluation then they pay in average (1*)7.5%*100k*90%*50%=$3375 for obtaining (11*$620=)$6820 from fees. Just an assumption with calculation here. FT can be very profitable.
  • #3,369
  • Aug 31, 2021 6:35am Aug 31, 2021 6:35am
Quoting QAndy
{quote} You can do simple math here. On FTMO it is stated 92% fail, 8% succeed the evaluation. Then the successul traders on their Elite Challenge account will do 7.5% in average as I have been told from FT. That word "successful" from FT could be meant after passed evaluation and having a profitable month, because not every trader who passes evaluation is profitable on Elite account on every month. So in case he is profitable on a Elite account in that month, then FT says he is successful. I would understand it in that way now. So that does not...
Why not open a thread for FT? Since you keen on selling FT here.
on a postive roll...
  • #3,370
  • Aug 31, 2021 6:40am Aug 31, 2021 6:40am
Quoting Rmg
{quote} Why not open a thread for FT? Since you keen on selling FT here.
Haha! Good call.
  • #3,371
  • Aug 31, 2021 6:44am Aug 31, 2021 6:44am
Quoting Rmg
{quote} Why not open a thread for FT? Since you keen on selling FT here.
Yes and way confused on the math. Just trade, it's hard enough. I really don't get why people have to try to figure out every firm's business model. Clearly, some firms have a model that work, others do not. It appears those relying solely on fees cannot last as eventually new customers dry up.
  • #3,372
  • Aug 31, 2021 6:49am Aug 31, 2021 6:49am
What is your opinion about Lux Trading Firm. I am somewhat interested, it caught my attention. First their conditions do not look so good to me comparing that to FT or FTMO. But they have scaling up to $2.5 million and later also to $10 million and KPMG audit firm for certification. I think with KPMG and profitable track record one could get outside investors to start his own hedge fund or not ? KPMG is one of the largest in industry worldwide and has very high reputation.

Inserted Video


What do you think ? Should one start/trade on Lux ?
  • #3,373
  • Aug 31, 2021 6:54am Aug 31, 2021 6:54am
Quoting QAndy
What is your opinion about Lux Trading Firm. I am somewhat interested, it caught my attention. First their conditions do not look so good to me comparing that to FT or FTMO. But they have scaling up to $2.5 million and later also to $10 million and KPMG audit firm for certification. I think with KPMG and profitable track record one could get outside investors to start his own hedge fund or not ? KPMG is one of the largest in industry worldwide and has very high reputation. https://www.youtube.com/watch?v=8VbWYLIGcYw What do you think...
I personally do not recommend any firm where your initial fee is equal or greater to the DD they are giving you. The "scaling" is the marketing gimmick that fools so many. If you place that "fee" in a personal account, it will outperform by thousands. Reason being is you need to adjust your size to your risk of ruin, so you will be trading either the same size or, if the fee is greater than the DD offered, actually smaller positions than you would in personal account. This alone is what makes challenges/evals FAR superior, IMO.
  • #3,374
  • Aug 31, 2021 6:55am Aug 31, 2021 6:55am
Quoting QAndy
What is your opinion about Lux Trading Firm. I am somewhat interested, it caught my attention. First their conditions do not look so good to me comparing that to FT or FTMO. But they have scaling up to $2.5 million and later also to $10 million and KPMG audit firm for certification. I think with KPMG and profitable track record one could get outside investors to start his own hedge fund or not ? KPMG is one of the largest in industry worldwide and has very high reputation. https://www.youtube.com/watch?v=8VbWYLIGcYw What do you think...
Why is Blake competing with himself?
  • #3,375
  • Aug 31, 2021 7:07am Aug 31, 2021 7:07am
Quoting pipmaster77
{quote} Why is Blake competing with himself?
He’s a shameless opportunist. He’ll shill his own grandma on the street corner for subs and affiliated revenue.
Trade with confidence, trade without fear.
  • #3,376
  • Aug 31, 2021 7:35am Aug 31, 2021 7:35am
I actually think that blake isnt behind thefundedtraderprogram. I think its the slimy guys in the US who haven't showered in a few days. Blake is just paid as a marketing agent under the guise its his firm. Like Lamboraul with GOATFX name fxlivecapital aka danielsavage is a scammer.
  • #3,377
  • Aug 31, 2021 9:35am Aug 31, 2021 9:35am
Quoting Expo33
{quote} I decided that I am going to prove you wrong. From now on I am only going to revenge trade from Monday thru Friday and I will only risk 100% of my available drawdown per trade.
UPDATE!!!

The account has been blown up! Sold half lot AUD/USD before bedtime and woke up to a big pile of

NO worries I'm purchasing another 2K accelerated. Broke even on that one and will keep trying to scale to the moon!!

BTW, Mastermind has given me permission to pollute this thread with my nonsense (actually he didn't but I'm taking some liberties here)

Here I am purchasing my new 2K accelerated.
Attached Image (click to enlarge)
Click to Enlarge Name: q.jpg Size: 184 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #3,378
  • Aug 31, 2021 9:44am Aug 31, 2021 9:44am
Allergic to bullshitters, never argue with fools
  • #3,379
  • Aug 31, 2021 9:45am Aug 31, 2021 9:45am
Quoting Expo33
{quote} UPDATE!!! The account has been blown up! Sold half lot AUD/USD before bedtime and woke up to a big pile of NO worries I'm purchasing another 2K accelerated. Broke even on that one and will keep trying to scale to the moon!! BTW, Mastermind has given me permission to pollute this thread with my nonsense (actually he didn't but I'm taking some liberties here) Here I am purchasing my new 2K accelerated. {image}
hahaha you're crazy man.
Having a weird day myself... but Alas, your demise shall be a warning to me not to seek vengeance.
Good that you already received the first profit split.... perhaps it made you a bit reckless?
  • #3,380
  • Aug 31, 2021 9:47am Aug 31, 2021 9:47am
Quoting QAndy
What is your opinion about Lux Trading Firm. I am somewhat interested, it caught my attention. First their conditions do not look so good to me comparing that to FT or FTMO. But they have scaling up to $2.5 million and later also to $10 million and KPMG audit firm for certification. I think with KPMG and profitable track record one could get outside investors to start his own hedge fund or not ? KPMG is one of the largest in industry worldwide and has very high reputation. https://www.youtube.com/watch?v=8VbWYLIGcYw What do you think...
I am doing Lux...
it's for the slow and steady approach.
The trading conditions are good, spreads are low, no strange events.
The lack of time constraint is one huge plus.
The doubling of account for each 10% gained is another. Most others go up by 25%, I believe.
Their support on online chat is instant, ever present, and knowledgeable on almost all aspects so far.
53 traders viewing now