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  • #4,381
  • Oct 4, 2021 4:56am Oct 4, 2021 4:56am
"This isn't a casino. At MyForexFunds we are built on reality and real markets, not a video game."

Lmao Come on MFF, that was a low blow.
  • #4,382
  • Oct 4, 2021 6:22am Oct 4, 2021 6:22am
Quoting lynnc
{quote}Can you tell me where else I can read about ftmo please. I haven't seen anything negative yet but probably not looking in the right places.

Prop firm fb group, 2 tg groups both named "prop firms" there are a few trust pilot reviews as well stating so. Nothing like mega serious and most likely dodgy traders getting punished.

Negativity is part of FX, its when there is the majority of things being negative that you should worry... see-Ironfx. For a bit they will not paying a few folks, then out of no where they stopped paying everyone and death came. The few folks part was ok because they paid most and the affiliates made sure to scream it to the world.

We are basically seeing the same thing we saw during the second FX boom when ironfx xm hotforex and other affiliate marketing companies controlled the market only to have them all be pretty much scams.
  • #4,383
  • Oct 4, 2021 6:30am Oct 4, 2021 6:30am
Quoting Koop
"This isn't a casino. At MyForexFunds we are built on reality and real markets, not a video game." Lmao Come on MFF, that was a low blow.

To met that wasn't a dig at FT it looked more like a response to the guys in the discord who dont know what hedging is and are claiming they were waiting for a 60k payout from FT.

Even to me its really suspicious to see so many braindead people talking about how last bi weekly period they took out 100k at FT. Even to the point where I feel like Jessica may have been on the receiving end of cheaters in a big way.
  • #4,384
  • Oct 4, 2021 6:34am Oct 4, 2021 6:34am
Quoting Takisd
{quote} Prop firm fb group, 2 tg groups both named "prop firms" there are a few trust pilot reviews as well stating so. Nothing like mega serious and most likely dodgy traders getting punished. Negativity is part of FX, its when there is the majority of things being negative that you should worry... see-Ironfx. For a bit they will not paying a few folks, then out of no where they stopped paying everyone and death came. The few folks part was ok because they paid most and the affiliates made sure to scream it to the world. We are basically seeing...
Thanks for the answer Takisd, much appreciated.
  • #4,385
  • Oct 4, 2021 3:10pm Oct 4, 2021 3:10pm
Quoting Nsak3y
{quote} -We can only speculate, honestly, and any data quickly becomes skewed when you consider factors like accelerated accounts where MFF sees 50% profit while taking on virtually no risk at all (other than possibly $2 at the early stages, which is negligible). In addition to that, there is nothing to stop a firm from going heavy with their own capital, and piggybacking on stronger 'signals' if/when they secure a trader that is actually decent. They would have no obligation to disclose that, either. Bad news for the decent trader that starts to...
"They would have no obligation to disclose that, either. Bad news for the decent trader that starts to experience heavy slippage out of nowhere, though. "

How are ya? How is the decent trader experiencing heavy slippage on demo just run his/her normal everyday strategies (nothing weird that only works in demo environment or group EA etcs.). So you are saying the prop firm is going to go so heavy that it actually moves the live market. Just trying to understand. Thanks.
  • #4,386
  • Edited 5:19pm Oct 4, 2021 3:56pm | Edited 5:19pm
Quoting JustAVisit
How is the decent trader experiencing heavy slippage on demo...So you are saying the prop firm is going to go so heavy that it actually moves the live market. Just trying to understand. Thanks.
-This is in reference to any prop firm that actually pushes trades to a live market. Some hold the belief that all of these non-traditional firms are just making money off of failed challenge fees, and are not actually pushing any trades to any live market, whereas, others believe that there is some possibility of legitimacy with some firms.
  • #4,387
  • Oct 5, 2021 6:42am Oct 5, 2021 6:42am
Another new kid on the block.
http://e8funding.com
Trading is SIMPLE not EASY.
  • #4,388
  • Oct 5, 2021 6:58am Oct 5, 2021 6:58am
Quoting garfield75
Another new kid on the block. http://e8funding.com
Lol first glance at the homepage and it already screams "Traders Central Fund".
I bet after further study one is bound to read something about leaving in profits in order to scale faster.
  • #4,389
  • Oct 5, 2021 7:10am Oct 5, 2021 7:10am
Quoting garfield75
Another new kid on the block. http://e8funding.com
another well established/trustworthy player.

Attached Image (click to enlarge)
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"prop firm" is becoming the romance scam of forex.
best of luck!
Z
there is always, always another trade!!
  • #4,390
  • Oct 5, 2021 7:15am Oct 5, 2021 7:15am
There are going to be new firms popping up each day to temp traders away from their profits. I think most people will be cautious of any new firm until many months of payouts. But then that is how a good con and ponzi scheme works, making sure people believe the lie and keep going back for more
  • #4,391
  • Oct 5, 2021 7:48am Oct 5, 2021 7:48am
Quoting Koop
{quote} Lol first glance at the homepage and it already screams "Traders Central Fund". I bet after further study one is bound to read something about leaving in profits in order to scale faster.
Yes, it seems every new one popping up is a white label of TCF. Sticking with the ones I have, not even looking anymore. I'm sure someone will let me know if a good one comes along.
  • #4,392
  • Oct 5, 2021 10:05am Oct 5, 2021 10:05am
I've just com across another new prop firm: https://riseland.capital/
Does anyone already have any experience with them?
They seem to have similar DD rules as FTMO but the profit target is a bit lower at 8%, although it's for both challenge and verification.
The profit share is also lower than FTMO but perhaps it's more sustainable? Which investor / capital provider would really accept a 20-30% profit share if 70-80% goes to the trader? I don't wanna get involved with another Ponzi scheme. What do you think?
  • #4,393
  • Oct 5, 2021 10:26am Oct 5, 2021 10:26am
Quoting Reinoo
I've just com across another new prop firm: https://riseland.capital/ Does anyone already have any experience with them? They seem to have similar DD rules as FTMO but the profit target is a bit lower at 8%, although it's for both challenge and verification. The profit share is also lower than FTMO but perhaps it's more sustainable? Which investor / capital provider would really accept a 20-30% profit share if 70-80% goes to the trader? I don't wanna get involved with another Ponzi scheme. What do you think?

Easily the ugliest website i have seen. What on earth is that doll figure.
  • #4,394
  • Oct 5, 2021 11:20am Oct 5, 2021 11:20am
Quoting Reinoo
I've just com across another new prop firm: https://riseland.capital/ Does anyone already have any experience with them? They seem to have similar DD rules as FTMO but the profit target is a bit lower at 8%, although it's for both challenge and verification. The profit share is also lower than FTMO but perhaps it's more sustainable? Which investor / capital provider would really accept a 20-30% profit share if 70-80% goes to the trader? I don't wanna get involved with another Ponzi scheme. What do you think?
50% split is more sustainable?

Hard pass
Trade with confidence, trade without fear.
  • #4,395
  • Oct 5, 2021 11:33am Oct 5, 2021 11:33am
Quoting Takisd
{quote} Easily the ugliest website i have seen. What on earth is that doll figure.
Squid Game doll?
Trade with confidence, trade without fear.
  • #4,396
  • Oct 5, 2021 4:11pm Oct 5, 2021 4:11pm
All conventional hedge funds receive a 20%, max 30% performance fee. If the performance is extremely good, perhaps 40%. But no investor would provide capital at a performance fee higher than 50% meaning that the 70% profit shares can only come from the fee income and your orders are never go into the market. This can only work until there are enough new users who do not pass the challenge. Hence, I think that a lower profit share might be more sustainable.
  • #4,397
  • Oct 5, 2021 5:08pm Oct 5, 2021 5:08pm
Quoting Reinoo
All conventional hedge funds receive a 20%, max 30% performance fee. If the performance is extremely good, perhaps 40%. But no investor would provide capital at a performance fee higher than 50% meaning that the 70% profit shares can only come from the fee income and your orders are never go into the market. This can only work until there are enough new users who do not pass the challenge. Hence, I think that a lower profit share might be more sustainable.
At a hedge fund you’re also getting performance bonuses on top of any base split, but let’s be real here. The space Riseland is attempting to compete in is not the hedge fund space. It’s essentially the FX degen gamblers space. They aren’t going to give 2 shits what’s feasible for the company.

They want higher splits and better terms.
Trade with confidence, trade without fear.
  • #4,398
  • Oct 6, 2021 2:08am Oct 6, 2021 2:08am
Quoting Cryptosurf
{quote} At a hedge fund you’re also getting performance bonuses on top of any base split, but let’s be real here. The space Riseland is attempting to compete in is not the hedge fund space. It’s essentially the FX degen gamblers space. They aren’t going to give 2 shits what’s feasible for the company. They want higher splits and better terms.
did someone say degen gambler? PRESENT!! if my split isnt over 70% I am not interested. Also traditional prop firms in futures are doing 50-70% split.

I do question the 90% split models very harshly. If certain discords are anything to go by, not many people are making consistent money in prop.
  • #4,399
  • Oct 6, 2021 3:40am Oct 6, 2021 3:40am
Quoting Takisd
{quote} did someone say degen gambler? PRESENT!! if my split isnt over 70% I am not interested. Also traditional prop firms in futures are doing 50-70% split. I do question the 90% split models very harshly. If certain discords are anything to go by, not many people are making consistent money in prop.
Yeah, the 90% split rubs me the wrong way too. But with FTMO i think it's just an attempt at clever marketing, unlike FT who were doing it to save face during a crisis.
FTMO knows damn well that only a small portion of participants make it to the funded stage and first pay out. I can only imagine that small portion greatly reduces in number for people who successfully retain their funded accounts for the required profitable 3-4 months in order to qualify for a scale up and upgrade in profit split.
They know what they're doing.
  • #4,400
  • Oct 6, 2021 4:05am Oct 6, 2021 4:05am
Quoting Koop
{quote} Yeah, the 90% split rubs me the wrong way too. But with FTMO i think it's just an attempt at clever marketing, unlike FT who were doing it to save face during a crisis. FTMO knows damn well that only a small portion of participants make it to the funded stage and first pay out. I can only imagine that small portion greatly reduces in number for people who successfully retain their funded accounts for the required profitable 3-4 months in order to qualify for a scale up and upgrade in profit split. They know what they're doing.
According to some older EnFoid stats less than 10% make it to the funded stage, of which 60% fail during the first 2 months of their "live" trading. I guess after the years FTMO has pretty solid math in place to ensure they can afford paying 90% to the handful of long-term profitable ones. I doubt there would be more than 1% of all who paid for the challenge that reach the first split (4 months!) and retain this status.
Money is made by sitting, not trading
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