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  • #5,441
  • Nov 12, 2021 8:44am Nov 12, 2021 8:44am
Quoting Mtinifx
{quote} Look I'm not sure what things are like now on the TradersGlobal platform - may have changed of course. One lot on FTMO is one full lot whereas on MYff it is one-mini lot (I think?). So you have to trade 10 "lots" on Myff to equal one normal size lot. Should be the same margin requirement. The spreads were definitely worse on Myff platform when I last checked. Up to 4 points (although I think it's 2.4 in the US session) on US30. On DAX it's better but DAX for strange reason is not open on their platform 24/7. This tends to produce gaps and...

Interesting, yeah have to agree the spreads are a little worse on MFF then FTMO. I think at first was put off a little by it. But also noticed the difference from FTMO’s “tick stuffing” that Takisd mentioned before.
Trade with confidence, trade without fear.
  • #5,442
  • Nov 12, 2021 8:54am Nov 12, 2021 8:54am
Quoting Mtinifx
{quote} Look I'm not sure what things are like now on the TradersGlobal platform - may have changed of course. One lot on FTMO is one full lot whereas on MYff it is one-mini lot (I think?). So you have to trade 10 "lots" on Myff to equal one normal size lot. Should be the same margin requirement. The spreads were definitely worse on Myff platform when I last checked. Up to 4 points (although I think it's 2.4 in the US session) on US30. On DAX it's better but DAX for strange reason is not open on their platform 24/7. This tends to produce gaps and...
The spread on US30 during NY is 1.60.
  • #5,443
  • Nov 12, 2021 9:24am Nov 12, 2021 9:24am
Quoting Mtinifx
{quote} Thanks bud. Yes you're right of course. I should have gone for the 10k option just to try them out. Anyway you live and learn You still with TCF? I have been looking closely at their OTF instant funding plan and it all checked out except for one thing. They offer capital growth which is obviously the big thing because one needs to grow the account balance to have a larger DD limit and of course the possibility of making much bigger profits (they offer 60/40 split). However the BIG problem is that if you want the capital...
Exactly the reason why i can not recommend TCF to any one, especially traders who prefer to split positions or test levels with smaller lots before loading up with bigger positions.
It does not really bother me since i place just one large position per trade. Thankfully, they've also removed the risk team/risk review thing so once you pass the objectives you're guaranteed funding.

Unfortunately, my biggest issues with TCF is something else i just discovered.
The highest initial balance you can have without any scaling is $200k, compared to FTMO's 400k and MFF's 600k.......and that's not all..
Turns out that you can't have more than 2 challenge accounts or OTF accounts at a time, neither can you merge two funded acounts.

For instance, you passed 50k evaluation and gained 50k funded account, then you decide that you would like to also attempt a 100k challenge.
According to the firm's conditions, you would have to forfeit your 50k challenge or funded account in order to be able to trade the 100k challenge.
Only One funded account per person.


Absolutely Ridiculous.
  • #5,444
  • Nov 12, 2021 9:30am Nov 12, 2021 9:30am
Quoting Koop
{quote} Exactly the reason why i can not recommend TCF to any one, especially traders who prefer to split positions or test levels with smaller lots before loading up with bigger positions. It does not really bother me since i place just one large position per trade. Thankfully, they've also removed the risk team/risk review thing so once you pass the objectives you're guaranteed funding. Unfortunately, my biggest issues with TCF is something else i just discovered. The highest initial balance you can have without any scaling is $200k, compared...
Keeps bringing me to my 7 famous letters....M F F F T M O
  • #5,445
  • Nov 12, 2021 9:32am Nov 12, 2021 9:32am
Quoting Mtinifx
{quote} Look I'm not sure what things are like now on the TradersGlobal platform - may have changed of course. One lot on FTMO is one full lot whereas on MYff it is one-mini lot (I think?). So you have to trade 10 "lots" on Myff to equal one normal size lot. Should be the same margin requirement. The spreads were definitely worse on Myff platform when I last checked. Up to 4 points (although I think it's 2.4 in the US session) on US30. On DAX it's better but DAX for strange reason is not open on their platform 24/7. This tends to produce gaps and...

3.60 asia 2.60 london 1.60 US session.

The dax problem they said they will fix. Not sure why the lot size thing is an issue just add or subtract accordingly.
  • #5,446
  • Nov 12, 2021 9:47am Nov 12, 2021 9:47am
Quoting Takisd
{quote} 3.60 asia 2.60 london 1.60 US session. The dax problem they said they will fix. Not sure why the lot size thing is an issue just add or subtract accordingly.

Oh well that's good news about DAX. You mean the margin? That's not a problem for me. Yes just add or subtract accordingly.

Do let us know if you hear anymore about any changes to their server.
  • #5,447
  • Nov 12, 2021 10:13am Nov 12, 2021 10:13am
At the moment FTMO is 1.10 on US30 and around 0.65 on DAX

Gold is around 8 - 14 points

Look this is great for scalping. I think in the morning they are around 1.4 on US30. Sometimes around London open one can scalp a nice lot of pips on US30 so in my opinion, if you're a scalper you are better off at the moment with FTMO.

FTMO have also made it clear that would not do what TFF did to me (disqualify a person if they are opening and closing trades in a few seconds).
  • #5,448
  • Nov 12, 2021 10:38am Nov 12, 2021 10:38am
Quoting Mtinifx
{quote} Oh well that's good news about DAX. You mean the margin? That's not a problem for me. Yes just add or subtract accordingly. Do let us know if you hear anymore about any changes to their server.

I believe its soon but they announced a short delay today because of a bug.
  • #5,449
  • Nov 12, 2021 11:01am Nov 12, 2021 11:01am
I will never understand why some traders compare spreads in order to evaluate trading conditions. I find it simplistic at the time to compare prop-firms. It makes me wonder if they really know what they are talking about.

I'm compiling info about prop-firms in the following list: 42 top. If someone else has already done some research over any of these in the list. It will be of great help if you share your findings.
Always ready to help
  • #5,450
  • Nov 12, 2021 11:04am Nov 12, 2021 11:04am
Quoting Takisd
I believe they are making them better with the new release that is delayed but lets see.
-Yes. It will be interesting to see how things improve, especially for trading conditions.
  • #5,451
  • Nov 12, 2021 11:15am Nov 12, 2021 11:15am
Quoting PaulMF
I will never understand why some traders compare spreads in order to evaluate trading conditions. I find it simplistic at the time to compare prop-firms. It makes me wonder if they really know what they are talking about. I'm compiling info about prop-firms in the following list: 42 top. If someone else has already done some research over any of these in the list. It will be of great help if you share your findings.

Time for you to go to commercial members list.
  • #5,452
  • Nov 12, 2021 11:46am Nov 12, 2021 11:46am
Quoting Takisd
{quote} Time for you to go to commercial members list.
I don't know what you mean.

I would appreciate if you don't quote me unless you have something to say related to trading or the thread's subject. Let's focus on trading and be polite please.
Always ready to help
  • #5,453
  • Nov 12, 2021 11:50am Nov 12, 2021 11:50am
Quoting PaulMF
I will never understand why some traders compare spreads in order to evaluate trading conditions. I find it simplistic at the time to compare prop-firms. It makes me wonder if they really know what they are talking about. I'm compiling info about prop-firms in the following list: 42 top. If someone else has already done some research over any of these in the list. It will be of great help if you share your findings.
That is a very strange comment PaulMF. I presume that you are not trading on M1 otherwise you would be very concerned about spreads! If you're only looking for 3 or 4 pips/points gain and then when you open the trade you're already 3 or 4 pips down that's not good at all.

If you want to see the effect of the spread just open a 1 min chart and look at the gap between your MT4 bid and ask lines. When the spread is bad, that gap can look really scary

Can be even more scary if you're a trader like Tom Hougaard who's trading £25 a point - 4 points and he's already a hundred quid down!
  • #5,454
  • Nov 12, 2021 11:54am Nov 12, 2021 11:54am
Quoting Mtinifx
{quote} That is a very strange comment PaulMF. I presume that you are not trading on M1 otherwise you would be very concerned about spreads! If you're only looking for 3 or 4 pips/points gain and then when you open the trade you're already 3 or 4 pips down that's not good at all. If you want to see the effect of the spread just open a 1 min chart and look at the gap between your MT4 bid and ask lines. When the spread is bad, that gap can look really scary
Don't bother with that idiot. He baits and trolls, that his MO. He's admitted in the past, he doesn't know how to trade. He's just here for the attention.
Trade with confidence, trade without fear.
  • #5,455
  • Nov 12, 2021 11:58am Nov 12, 2021 11:58am
Quoting CableJ
To the 300-600K funded FTMO & MFF guys trading FX & indices... liquidity is not infinite especially in retail FX, so what kind of position sizes are you filling on live accounts, and what kind of slippage in & out have you personally experienced?
Pushing it, I trade a max of 40 contracts US500.cash / $100k capital.
Slippage depends, if your strategy caters for it, try to use limit orders.
If you can, stay away from stop orders and trade copiers to avoid getting hammered on your fills.

LuXing
Wisdom begins in wonder
  • #5,456
  • Nov 12, 2021 1:13pm Nov 12, 2021 1:13pm
Quoting Mtinifx
At the moment FTMO is 1.10 on US30
That seems pretty good because Micro Dow futures (YM) usually have 1 point spread during RTH.
  • #5,457
  • Nov 12, 2021 1:55pm Nov 12, 2021 1:55pm
Quoting Mtinifx
{quote} That is a very strange comment PaulMF. I presume that you are not trading on M1 otherwise you would be very concerned about spreads! If you're only looking for 3 or 4 pips/points gain and then when you open the trade you're already 3 or 4 pips down that's not good at all. If you want to see the effect of the spread just open a 1 min chart and look at the gap between your MT4 bid and ask lines. When the spread is bad, that gap can look really scary Can be even more scary if you're a trader like Tom Hougaard who's trading £25 a point - 4 points...
Because unless you are trading in an exchange with FIFO rules, the one that processes your trades can increase the slippage.

In the end, what matters is the sum of slippage and spread. The spread-only comparison is vague, as MFF and FTMO don't seem to provide much information about the type of exchanges in which they operate (if any), common slippages by volatility, etc.

I guess you are calculating yourself how much slippage and spread you pay in each transaction.
Always ready to help
  • #5,458
  • Nov 12, 2021 1:57pm Nov 12, 2021 1:57pm
Mastermind:
Can you clean up some comments from this thread? Or can you send to sleep some disrespectful contributors? No one wants to be insulted.

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Always ready to help
  • #5,459
  • Nov 12, 2021 2:03pm Nov 12, 2021 2:03pm
Quoting pipmaster77
{quote} Rule of thumb......companies communicating without proper spelling and grammar(some do not even proofread their website) should be avoided. This is a simple task, which if cannot be handled, do you really think they can run a business and pay you? He spells threat with an e on the end
Spot on.
+1.
You can't fix stoopid.

Quoting Cryptosurf
{quote} Can you explain this? I only trade US indices and Gold exclusively and found conditions on MFF more favorable then FTMO. FTMO seems to require double the margin of MFF. As a result I use MFF as my master account and FTMO as slaves with reduced lot sizes.
FTMO slave, smart guy ;-)
xxxCHF, indices and Gold margin requirements are x3 what's required for the majors, which can lead to borderline situations.

Screenshot of FTMO funded high risk yesterday, note the relation between used margin/free margin/margin level %...

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LuXing
Wisdom begins in wonder
  • #5,460
  • Nov 12, 2021 2:07pm Nov 12, 2021 2:07pm
Quoting PaulMF
{quote} Because unless you are trading in an exchange with FIFO rules, the one that processes your trades can increase the slippage. In the end, what matters is the sum of slippage and spread. The spread-only comparison is vague, as MFF and FTMO don't seem to provide much information about the type of exchanges in which they operate (if any), common slippages by volatility, etc. I guess you are calculating yourself how much slippage and spread you pay in each transaction.

Sir, you only need to worry about slippage if you are using stop orders. If you are opening trades manually you only need worry about the spread (and the commission of course). If you are refering to speed of market execution at the quoted price, I haven't noticed any problem with that at all.
Not these days anyway
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