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  • #4,761
  • Oct 22, 2021 8:09pm Oct 22, 2021 8:09pm
Quoting Koop
{quote} Weird, The Funded Academy have been planning a gradual breakaway from TCF and recently just announced that they'll be going with EightCap as their broker when they make the shift. Who the hell is EightCap and why won't these guys go for the better/well known options? I don't like Buoytrade but at least they were sensible enough to go with Global Prime, Lux too i think. {image}
I too find it weird that 8Cap( not very reputable; in fact, outright shady based on their FPA ratings) all of a sudden becomes the broker of choice by a number of new prop firms, besides Funded Academy.

There's another one I stumbled across with practically the same T & C as "ment funding":
https://www.surgetrader.com/

Btw, Etienne Crete (host of "Desire to Trade," on youtube) also plugs 8Cap as best broker for crypto trading.
Amor Fati--F. Nietzsche
  • #4,762
  • Oct 22, 2021 9:55pm Oct 22, 2021 9:55pm
Quoting Nsak3y
{quote}-It seems that the new broker offerings may only be available for the extended program. Maybe migrating all existing Aggressive accounts would be too troublesome. Is eightcap a financial backer as well? If not, I wonder who is going to be backing the extended programs if Traders Central will not be.
I've told Y'all before. There are 2 main financial backers for most of these FT programs. TCF. (https://www.primebridge.io/) & FPFX. (https://fpfxtech.com/proprietary-indicators/) FPFX uses 8cap.
Look Left Trade Right
  • #4,763
  • Oct 23, 2021 5:10am Oct 23, 2021 5:10am
does any1 know if MFF signed tradingview already? i recall reading somewhere in here about that and ctrader
  • #4,764
  • Edited 6:05am Oct 23, 2021 5:55am | Edited 6:05am
Quoting Basill
{quote} I've told Y'all before. There are 2 main financial backers for most of these FT programs. TCF. (https://www.primebridge.io/) & FPFX. (https://fpfxtech.com/proprietary-indicators/) FPFX uses 8cap.
Man, it would seem TCF is backing quite a number of these small time firms, most even unknown.

There's some White label in Indonesia(shocked lol) who allegedly broke the terms of their partnership agreement.
Before now, I had no idea how this White labeling thing worked...
You mean, TCF is responsible for absolutely everything the a White Label offers? Including the "Funding" and profit pay outs? Even offering credit lines.

Some weekend entertainment for any one stuck indoors like I am

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  • #4,765
  • Edited 9:47am Oct 23, 2021 7:02am | Edited 9:47am
Inserted Video
10.1 leverage 1 evaluation only , live accounts and looking for serious gamblers. really?

i looked at the video and checked the conditions, sounds ok ish apart from the leverage part imho, also 4% DD rule. which shouldn t be much of an issue if the leverage wasn t so low. and btw, all positions are automatically closed on fridays, so 10.1 leverage and u can t swing a position specially on forex where the volatility most of the times it s crap... i really don t understand where all this BS with regards to leverage is coming from, that leverage is bad and u lose cos ur overleveraged...this is simply not true. u lose cos of poor or lack of money management, not leverage. i lost in the past cos of the poor mentality i had revenge trading and whatnot, not cos of leverage. u can trade without leverage and still lose all ur money if u don t know what ur doing, u ll lose ur account slower but surely. leverage can only help u if use proper risk manegement and risk a certain % of ur account on any transaction, so u have the buying power and the margin to allocate risk to multiple setups within 1 day if u have say 3 setups at around the same time and u wanna risk say 1.5% on all 3. the amount of money u risk in % stays the same regardless if u have 1mill to 1 leverage, whereas wih 10 to 1 ur pretty much commited to the trade u decide to take an pray for some volaility so u can free some margin. hocus pocus, so much BS outthere and misinformation. i actually like the 5% DD that trails to 100k an then just stays there, so the more profits you have the more aggresive u can be ofc within that 4% DD daily, but the leverage is a killer for me atleast, regardless of the 1mill account advertased. other thoughts and critiques on the matter are welcomed and encouraged, cheers

EDIT> there s no fee refund, no trial.and the 10 leverage is there to allegedly weed out gamblers LOL. and the challenge is to make 10% with 10to1 leverage and 4% DD rule, u better pray for a black swan event and to be on the good side of that. what a joke. the TIME 1 should commit to eventually see some good return from that is just not worth the bother, way better imho a personal account rather then that, atleast u get 30 to 1/
  • #4,766
  • Oct 23, 2021 7:53am Oct 23, 2021 7:53am
Quoting 1odi
https://www.youtube.com/watch?v=9EmM-pI0jTQ 10.1 leverage 1 evaluation only , live accounts and looking for serious gamblers. really? i looked at the video and checked the conditions, sounds ok ish apart from the leverage part imho, also 4% DD rule. which shouldn t be much of an issue if the leverage wasn t so low. and btw, all positions are automatically closed on fridays, so 10.1 leverage and u can t swing a position specially on forex where the volatility most of the times it s crap... i really don t understand where all this BS with...
It is true, 10 lots with SL set at 10 pips distance has the same risk as 1 lot with SL set at 100 pips distance.
They probably know that part, are just preventing you from taking huge profits as well when things run in your favor, because you are very limited in lot size.
Follow your guts, if you want to lose your money...
  • #4,767
  • Oct 23, 2021 8:04am Oct 23, 2021 8:04am
Quoting JotaP
{quote} It is true, 10 lots with SL set at 10 pips distance has the same risk as 1 lot with SL set at 100 pips distance. They probably know that part, are just preventing you from taking huge profits as well when things run in your favor, because you are very limited in lot size.
yeah, i mean i understand who trades daily or 4hr charts cos of lack of time therefore larger stops, but leverage has nothing to do with it. the only thing i can think of is the lower the leverage is, the less marging ur required to put in. so that s really there to help that dude that opens an account for u once u pass the challenge, cos they back ur DD and thats it. there s no real 1mill account behind or even 100k for that matter imo. what pisses me off is that they apeal to the retail traders with the =wanting to change the industry= type of thing where the truth is he s just making a bussiness pitch, another income stream, no1 goes and starts a signal service, a so called menthorship or prop firm in order to help the traders, they all want to make money, bottom line. in general they are such good traders that they need to chargeX amount of dollars per month for a discord group, telegram or whatnot for a mentorship lol..they don t need to trade anymore. or most never have, and why should they when a sucker is born every day.
  • #4,768
  • Oct 23, 2021 8:23am Oct 23, 2021 8:23am
Quoting Muhammedfx
no prop fund is actually looking for good traders they are just looking for fees
ofc they are but there are props that can offer a win win situation as long as u know what ur getting into. moreover the challenge fee is refunded, so the part with....oh, they charge a fee, means they are scams is just a traders excuse for lack of trading skills or better market understanding in what concerns me.
if u pass all the evaluations and u make a profit on ur first month as a funded trader and they don t refund the challenge fee or don t pay ur share, then u can com on here an yell that it s a ponzi, till then it s all down to u, the trader, to do ur research, see what model fits u best, acknowledge that the fee u pay is bust if u fail but also recognise the potential if u pass and u are capable to trade consistently.
as for the accounts..here s my reasoning... 1mill account for instance at 10.1 leverage. 100k live right? but not even thatsince u have a DD of 4% daily, so depending on the agreement they struck with the broker u r playing only on the DD money. wich is fine if they pay out ect, but 10 is very low for me atleast, where i ain t concerned with holding positions over the weekend specially with tha gaps that we ve been experiencing due to covid and whatnot. plus the spread and the swap can also kill u slowly depending or whether u checked before opening the trade if the swap is negative or positive for that asset and just how much they increase the spreads at session change etc. i dunno, just sounds stupid, i d rather trade my own money with 30 to 1 according to esma rather then go for 4% DD daily and 10 leverage.
  • #4,769
  • Oct 23, 2021 8:43am Oct 23, 2021 8:43am
Quoting Basill
{quote} I've told Y'all before. There are 2 main financial backers for most of these FT programs. TCF. (https://www.primebridge.io/) & FPFX. (https://fpfxtech.com/proprietary-indicators/) FPFX uses 8cap.

FPFXTech = forrest park.. They have like 50 brokers they work with.

I wouldn't compare TCF and FPFXTECH, Justin Hertzberg is actually a good person, TCF is ..... well, if you don't have anything nice to say.
  • #4,770
  • Oct 23, 2021 8:47am Oct 23, 2021 8:47am
Quoting Koop
{quote} Man, it would seem TCF is backing quite a number of these small time firms, most even unknown. There's some White label in Indonesia(shocked lol) who allegedly broke the terms of their partnership agreement. Before now, I had no idea how this White labeling thing worked... You mean, TCF is responsible for absolutely everything the a White Label offers? Including the "Funding" and profit pay outs? Even offering credit lines. Some weekend entertainment for any one stuck indoors like I am {image}{image}{image}{image}{image}{image}{image}{image}{image}{image}...
This is quite interesting. How did TCF amass all this wealth to have that many white labels? It looked like a simple firm led by a fairly simple guy. It's always been one of the firms i wanted to join but always stopped just short due to all the complaints they have online.
  • #4,771
  • Oct 23, 2021 10:01am Oct 23, 2021 10:01am
Quoting Muhammedfx
no prop fund is actually looking for good traders they are just looking for fees
Fees are definitely PART of the income stream. For 90% of these firms, I'm sure it is the only income stream. IMO, FTMO and MFF are also executing in some way, shape or form, either making money from good traders or simply on volume from the LP's they are executing with. Even, if they are not copying, they still need good traders. The "scaling" models with the fee = to DD and 10:1 and 4% DD, etc, they all should survive FOREVER as there is NO RISK on their part. These firms through a magical play on words and numbers are convincing people to basically pay a fee to essentially fund their own account and then give up 50% of the profits. They should just advertise.....Link your personal account with us and we split profits 50/50, but that probably wouldn't attract any customers.

I know some people debate on the scaling model programs, but it's real simple to prove it to yourself. Pay the fee at 5%ers, CTI, Lux, whichever firm of your choice and put the same fee in a personal account and execute the same exact trades in both. When you get paid from the prop, withdrawal from the personal. I mean do everything EXACTLY the same. If you make it to the top end of the scaling program, I guarantee you will have 10X more than that in your personal account.
  • #4,772
  • Oct 23, 2021 10:06am Oct 23, 2021 10:06am
Quoting pipmaster77
{quote} Fees are definitely PART of the income stream. For 90% of these firms, I'm sure it is the only income stream. IMO, FTMO and MFF are also executing in some way, shape or form, either making money from good traders or simply on volume from the LP's they are executing with. Even, if they are not copying, they still need good traders. The "scaling" models with the fee = to DD and 10:1 and 4% DD, etc, they all should survive FOREVER as there is NO RISK on their part. These firms through a magical play on words and numbers are convincing people...
i ve edited the post regarding mentfx prop, there s no refund for the challenge fee also. and he s trading on 30 secds chart or atleast he claims 2,so yeah 10 lev is there to weed out the gamblers
  • #4,773
  • Oct 23, 2021 10:40am Oct 23, 2021 10:40am
Contacted Ment (Mint?) Funding yesterday via their website. Still haven't heard back. They do not appear to have a live chat available, either. It seems that they may be operating on a skeleton crew.

There's also this (sure, it was a little jabbish, but also a reasonable question):
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  • #4,774
  • Oct 23, 2021 10:49am Oct 23, 2021 10:49am
Just ran the numbers for MFF and FTMO vs the 5%ers. This is taking your initial fee and assuming rate of return against allowable DD ONLY in each program, not the "balance" provided.

MFF $979 fee for 24K in DD, need 16K profit stage 1 and 10K profit stage 2, $979 in personal account would yield $2310 at end of those 2 stages
So with MFF, you will have 24K allowable loss to trade after passing the 2 stages vs $2310 in a personal account, so more than 10X benefit to trader
MFF will also have paid $1816 back to you at this point 2% stage 1, 4% stage 2 and 112% refund of fee

FTMO $1250 fee for 20K in DD, need 20K profit stage 1 and 10K profit stage 2, $1250 in personal account would yield $3750 at end of those 2 stages
So with FTMO, you will have 20K allowable loss to trade after passing 2 stages vs $3750 in a personal account, so more than 5X benefit to trader
FTMO will also have paid $1250 back to you for refund of the fee

Here's where it gets good...

5%ers $875 fee( Ithink it's actually closer to 1K now, as it looks like they had a price increase) for $800 in DD, need $1400 profit in stage 1 then they will 4x your allowable loss to $3200, then every stage after they 2X, profit targets are $8K, 16K, 32K and 64 K at the completion of all of this you will have scaled to the 1.28 million dollar "account" , still 4% DD, so $51,200 allowable loss. $800 in personal account would yield $361,044 at the end of those stages.
To be fair, you will be paid $63,700 with your 50% split from the 5%ers, so deduct that from $361,044 to get $297,344.
So with The 5%ers, you will have $51,200 allowable loss after getting to the top of their model vs. $297,344 in a personal account a -6X factor to the trader
  • #4,775
  • Oct 23, 2021 11:15am Oct 23, 2021 11:15am
Quoting Nsak3y
Contacted Ment (Mint?) Funding yesterday via their website. Still haven't heard back. They do not appear to have a live chat available, either. It seems that they may be operating on a skeleton crew. There's also this (sure, it was a little jabbish, but also a reasonable question): {image}
i got nothing personal against the guy, it s just that my most precious commodity is TIME. and i ain t willing to commit for such an extended period, if the leverage was atleast 50, i would ve considered it (plus they need a track record first that they do honor what they say). and frankly, unless u are a fundies trader that banks on news i see no reason to lower the leverage from 100 to even 30. i avoid important news anyways even if it wasn t a ftmo rule for example. beeing honest, atleast imho, it more of a challenge to make 10% with 4%DD and 10 leverage then to make 10% with 5%DD and 100 lev. but that s just me and ofc people are different, to each its own.
  • #4,776
  • Oct 23, 2021 11:40am Oct 23, 2021 11:40am
Ment Funding. They made me laugh, with this one on Payout Options.

Quote
Example: you have a $100,000 funded account. You earn $15,000 on it and are now at $115,000, three days into trading your funded account. You may request withdrawal instantly via email ([email protected]).

Important: Your drawdown is permanently locked in at your funded accounts original value (in this case $100,000), the drawdown does NOT reset after withdrawal. In this example, if you were to withdraw $15,000, you will have breached the Maximum Trailing Drawdown...

Will definitely pass.
Follow your guts, if you want to lose your money...
  • #4,777
  • Oct 23, 2021 11:48am Oct 23, 2021 11:48am
Quoting JotaP
Ment Funding. They made me laugh, with this one on Payout Options. {quote} Will definitely pass.
Wow. That's a pretty shady clause in the fine print. These are the firms (90%+) of them that give the entire industry a bad name. It also explains why the trolls come to this thread and speak negatively about prop firms in general. Once again, there are a couple of good ones that offer amazing opportunity. Stop searching for the holy grail and use the ones that are proven, backed with real life experiences from those of us in the thread.
  • #4,778
  • Oct 23, 2021 11:49am Oct 23, 2021 11:49am
Quoting JotaP
Ment Funding. They made me laugh, with this one on Payout Options. {quote} Will definitely pass.

LOLLLLLLLLLLLLLLLLLLLLLLLLLL what..
  • #4,779
  • Oct 23, 2021 12:14pm Oct 23, 2021 12:14pm
Finally received a response from Ment.

He had this to say, regarding the aforementioned clause (I asked for clarification about it yesterday):

Quote
"When your account reaches at least $105,000, you will breach the drawdown rule when your balance goes down to $100,000. So in the example given, if your balance is at $115,000, you will breach the drawdown rule if your balance goes down to $100,000. That means if you withdraw $15,000, your balance will go down to $100,000 and that would breach the rule which would lead to losing the account."

So, if you withdraw too much of your own profits, you could lose your account. Which means, they want your money to start serving as draw-down protection as soon as possible.

It seems pretty clear what Ment is all about and where their priorities are at this point.

Here are all answers given, for anyone that may be interested:

Quote
1. Our company is based in the United States in Texas and is owned by Mentfx in collaboration with Trade Connect VVS. We are going to update the About Us page soon..
2. The challenge fees are non-refundable.
3. You are permitted to take 1 EVALUATION at a time. There is NO limit to how many accounts you may have.
4. No, they can't be merged. (in reference to multiple accounts)
5. When your account reaches at least $105,000, you will breach the drawdown rule when your balance goes down to $100,000. So in the example given, if your balance is at $115,000, you will breach the drawdown rule if your balance goes down to $100,000. That means if you withdraw $15,000, your balance will go down to $100,000 and that would breach the rule which would lead to losing the account.
6. Currently, we offer MT4 with future plans to make MT5 available for our traders. No timeframe is set at this time.

Quoting pipmaster77;
Once again, there are a couple of good ones that offer amazing opportunity. Stop searching for the holy grail and use the ones that are proven, backed with real life experiences from those of us in the thread.
-I agree with you. But I am always on the lookout for new firms, especially those that offer something better and/or unique. I think threads like this one are a good way to stay on top of what is available and to share that information and the experiences that may come with that.
  • #4,780
  • Oct 23, 2021 12:24pm Oct 23, 2021 12:24pm
Quoting JotaP
Ment Funding. They made me laugh, with this one on Payout Options. {quote} Will definitely pass.
Lol fucking Weasels. Imagine this rubbish.
I read this thing in passing and I didn't even realize what they were saying.
Maybe I did, but I just thought they couldn't possibly be this insane.
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