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  • #5,641
  • Nov 20, 2021 1:25pm Nov 20, 2021 1:25pm
Quoting Takisd
{quote} MFF are basically the second oldest major firm. FTMO being the first, I am at both but I keep my eyes on the pulse. You would have to be up like 5.05 % for a BE to lose on daily on MFF's DD, but if you give up 5% of your profits I have nothing nice to say so I'll zip my lip. 5% is a lot of money, especially on the big accounts these firms are offering. The only guy i see promoting MFF in those reviews is smeraldo or whatever his name is and hes batshit crazy, look at his reviews. The amount of chatter regarding the slippage matter I am keeping...
tottaly agree, 5% can be a lot of money depending on the account size. my point was that price doesn t move when we want, so i can t monitor the trades every sec of every min for the whole day etc..and depending on the risk management and trade management, isn t that uncommon specially on a day like this past friday for example. i had a limit on GU for a short, never got tagged into the trade as price just colapsed, but to make the point, my SL was 8 pips. could be even 10 up to 15pips, the way price moves sometimes, even when there aren t major news, u can easy break the daily DD rule if ur not right there to trail SL or take partials etc. i don t have the habbit of letting a trade go back to BE after beeing in profit with 4% or more but it can easily happen. so to lose an account without losing sort of speak would be just infuriating, atleast for me. i focus on few good trades a week or a month that have high probability, i don t need t trade 10 times a day to make a nice % return. and i am a day trader.
if they mark up the spreads that would be concerning, i haven t experienced any of the sort with ftmo thus far. will for sure say otherwise if that happens.
by the way, are those guys paying, Blake s prop firm? how s the experience with them so far?
  • #5,642
  • Nov 20, 2021 1:37pm Nov 20, 2021 1:37pm
Quoting 1odi
{quote} tottaly agree, 5% can be a lot of money depending on the account size. my point was that price doesn t move when we want, so i can t monitor the trades every sec of every min for the whole day etc..and depending on the risk management and trade management, isn t that uncommon specially on a day like this past friday for example. i had a limit on GU for a short, never got tagged into the trade as price just colapsed, but to make the point, my SL was 8 pips. could be even 10 up to 15pips, the way price moves sometimes, even when there aren...

Blakes prop firm, although paying, is for lack of better words "bleh". Conditions suck, the whole animation gamification crap is crappy, the leaderboard i dont think is legit but so far paying. If I didnt run out of options for more capital elsewhere i wouldn't be there but I am and it paid my tax bill.
  • #5,643
  • Nov 20, 2021 1:43pm Nov 20, 2021 1:43pm
Quoting Takisd
{image}Payday on one of my accounts...
I empathize with the hesitation to hang your linen out in the open..but those are pretty good results Takisd. You do this working US30 alone?
  • #5,644
  • Nov 20, 2021 1:45pm Nov 20, 2021 1:45pm
Quoting Thoughts
{quote}I empathize with the hesitation to hang your linen out in the open..but those are pretty good results Takisd. You do this working US30 alone?

mostly yes.
  • #5,645
  • Nov 20, 2021 1:48pm Nov 20, 2021 1:48pm
Quoting Takisd
{quote} Blakes prop firm, although paying, is for lack of better words "bleh". Conditions suck, the whole animation gamification crap is crappy, the leaderboard i dont think is legit but so far paying. If I didnt run out of options for more capital elsewhere i wouldn't be there but I am and it paid my tax bill.
as long as they pay out, everything else can be worked out, from site to customer support and data feeds etc imo. FTMO had also issues like that but they ve worked them out, MFF is also working on that from what i ve read thus far. with black friday next week was thinking to take some challenges so that s why i asked bout Blake s firm. i was keen on signing up with MFF, but that DD rule is nasty atleast for me. and max i risk on a trade is 1% if i m in profit. anyways, good to know they pay out.
i can t think of any other reliable firms, and since the challenge fee is returned i rather pay the premium and go with a more established firm rather then risk it just cos of lower cost fees.
  • #5,646
  • Nov 20, 2021 1:50pm Nov 20, 2021 1:50pm
Quoting 1odi
{quote} as long as they pay out, everything else can be worked out, from site to customer support and data feeds etc imo. FTMO had also issues like that but they ve worked them out, MFF is also working on that from what i ve read thus far. with black friday next week was thinking to take some challenges so that s why i asked bout Blake s firm. i was keen on signing up with MFF, but that DD rule is nasty atleast for me. and max i risk on a trade is 1% if i m in profit. anyways, good to know they pay out. i can t think of any other reliable firms,...

From my perspective MFF and FTMO and then the rest are gambles. TFTP TPT etc are paying right now but for how long. Anything TCF can burn in a dumpster fire.
  • #5,647
  • Nov 20, 2021 1:53pm Nov 20, 2021 1:53pm
Quoting Takisd
{quote} From my perspective MFF and FTMO and then the rest are gambles. TFTP TPT etc are paying right now but for how long. Anything TCF can burn in a dumpster fire.
spot on, i was just thinking that Blake might wanna keep up the payouts, since he s got that VVS academy as well, so a bit more to lose maybe? rest i agree, a casino call.
  • #5,648
  • Nov 20, 2021 4:13pm Nov 20, 2021 4:13pm
As I said some posts ago, I don't understand why Blake's firm (The Funded Trader) takes (officially) 9 business days to provide credentials for funded accounts, after getting the trader's agreement and documents. Two weeks for this is way to much IMO.

There's no point in reducing the number of trading days in challenges and then being so slow for that.

For the payouts, I didn't get one yet but there's a lot of them in the discord group if anyone wants to check if they're real or not.

BTW, they will start biweekly in December
"We will be introducing biweekly payouts starting December 1st. To be eligible for a bi-weekly payout you first must make it 45 days trading your funded account and receive one payout. Once you pass this requirement you will be able to receive biweekly payouts. "
  • #5,649
  • Nov 20, 2021 7:12pm Nov 20, 2021 7:12pm
Quoting Capablanca
As I said some posts ago, I don't understand why Blake's firm (The Funded Trader) takes (officially) 9 business days to provide credentials for funded accounts, after getting the trader's agreement and documents. Two weeks for this is way to much IMO. There's no point in reducing the number of trading days in challenges and then being so slow for that. For the payouts, I didn't get one yet but there's a lot of them in the discord group if anyone wants to check if they're real or not. BTW, they will start biweekly in December "We will be introducing...
Strapped for cash appears to be the obvious reason here.

9 business days to get the funded account credentials is simply not good enough!

Probably limited support staff and then that 45 days plus at least one payout in order to then opt for a bi-weekly payout is comical.

Whilst it's great to consider and analyze other retail Prop Firm options (especially for the benefit of all thread participants) and to keep the next tier of firm's on the backburner, traders should really be maxing out the 'current' top offerings in the first instance.

I don't see too many traders here that have maxed out both FTMO and MFF so most of us have much work yet to do.

Of course traders are always free to take the route that 'best' suits them and their own circumstances but at least think about what you plan to do before you pull the trigger.

Masterrmind ..........
Master your Mind then Master your Trades
  • #5,650
  • Nov 20, 2021 11:59pm Nov 20, 2021 11:59pm
Prop firms have only 1 pro and i.e. you can take big lots

Let say these prop firm offering you $10K account but limiting you with $500 dd which is 5% DD, this is nothing but a fraud and what have been advertised its not there in reality.

If you have $10K funded that should give you a capacity of trading and holding till 10k let say if not 10k still some $5K a mid point, but with $10K account you can max lose is $500 means what do you have really is $500 and not $10K.

Some may come and argue here that I can take big lots, but whats the benefit of taking big lots when you can't have loss beyond $500?

Don't prove me wrong instead ask this Q to your self

Let me say with $10K account you take 1 lot may hit your $500 DD in few minutes on fast market, means ur big lot makes no sense here.

Simply get this fact clear that what they are advertising and what actually there for you 2 different things.

Advertised $10K funding but what actually there for you is $500

Good Luck to those who are in dreams that these firms genuinely giving you funds.
  • #5,651
  • Nov 21, 2021 6:11am Nov 21, 2021 6:11am
Quoting 1odi
{quote} how can they do that if 1 doesn t break any rules? =FTMO is under an avalanche of accusations in TrustPilot for hangs, data freezing and absurd roll over spikes and slippage, with the purpose of breaking funded traders accounts.= i guess u meant this
I did experience a lot of freezes on their platform especially on M1 timeframe. Thought perhaps it was my internet connection but now I realise that it wasn't! It is a real nuisance if you're scalping Gold or US30 - price can move an awful lot in a few seconds.
  • #5,652
  • Nov 21, 2021 7:24am Nov 21, 2021 7:24am
Quoting Takisd
{quote} It hasn't happened to me as it wouldn't be possible with my trading but to be honest it would explain the lack of mega payouts lately being reported from FTMO because the guys with the massive payouts are pretty much all in all the time so if someone trades like that and slips 5 pips to violate, they wont get paid.
I personally wouldn't look twice at any of these stupid empty reviews. 95% of them are probably unverified while others are people who didn't make the cut and then need someone to blame.

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I mean, look here, the two top reviews are almost exactly the same thing.. both spelling Ponzi as Ponzy.
How does Trust pilot even let this slide?

Attached Image (click to enlarge)
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This other dude just submits "Scam... try MFF" ... thrice and they let it through, A number of so called reviews like that.

You see Tak? Is MFF also using cronies to try to sabotage FTMO like you once suspected FTMO of doing?
  • #5,653
  • Nov 21, 2021 8:28am Nov 21, 2021 8:28am
Good day traders

I have received this from a friend today.

Do you guys know anything about Blue Guardian Capital?

Their target are 6% and 4% for their evaluation model with less fees structure also
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  • #5,654
  • Nov 21, 2021 8:33am Nov 21, 2021 8:33am
Quoting Phronesis24
Good day traders I have received this from a friend today. Do you guys know anything about Blue Guardian Capital? Their target are 6% and 4% for their evaluation model with less fees structure also {image}
There have been a few posts, put BlueGuardianCapital in the search box at the top of this thread. Too new for me.
  • #5,655
  • Nov 21, 2021 8:49am Nov 21, 2021 8:49am
Quoting pipmaster77
{quote} There have been a few posts, put BlueGuardianCapital in the search box at the top of this thread. Too new for me.
Thanks mate
  • #5,656
  • Nov 21, 2021 11:20am Nov 21, 2021 11:20am
Quoting Mtinifx
{quote} I did experience a lot of freezes on their platform especially on M1 timeframe. Thought perhaps it was my internet connection but now I realise that it wasn't! It is a real nuisance if you're scalping Gold or US30 - price can move an awful lot in a few seconds.
mt4, mt5 or ctrader? was it london or late new york, asia? pretty sure they know about so we should see them adress this, as it has happened before.
  • #5,657
  • Nov 21, 2021 11:30am Nov 21, 2021 11:30am
Quoting Tradelevels
Prop firms have only 1 pro and i.e. you can take big lots Let say these prop firm offering you $10K account but limiting you with $500 dd which is 5% DD, this is nothing but a fraud and what have been advertised its not there in reality. If you have $10K funded that should give you a capacity of trading and holding till 10k let say if not 10k still some $5K a mid point, but with $10K account you can max lose is $500 means what do you have really is $500 and not $10K. Some may come and argue here that I can take big lots, but whats...

Dont try trading at a futures firm, you will be sorely disappointed.
  • #5,658
  • Nov 21, 2021 11:32am Nov 21, 2021 11:32am
Quoting Koop
{quote} I personally wouldn't look twice at any of these stupid empty reviews. 95% of them are probably unverified while others are people who didn't make the cut and then need someone to blame. {image} I mean, look here, the two top reviews are almost exactly the same thing.. both spelling Ponzi as Ponzy. How does Trust pilot even let this slide? {image} This other dude just submits "Scam... try MFF" ... thrice and they let it through, A number of so called reviews like that. You see Tak? Is MFF also using cronies to try to sabotage FTMO like you...

That smeraldo guy that you are quoting he used to do the same thing to MFF and say use FTMO... I don't think FTMO are really pushing hard against MFF and I don't think MFF are doing the same to FTMO. I do think that some of the smaller firms are doing stupid shit in telegram groups rn though.

December will be fun because thats when revenues for all these firms will be lowest. Maybe some will even fold. Check e8 trustpilot there is 1 verified review total and its pretty descriptive of spread and slippage problems, the guy is even in profit just says its bad.
  • #5,659
  • Nov 21, 2021 11:47am Nov 21, 2021 11:47am
Quoting Takisd
{quote} there is 1 verified review total and its pretty descriptive of spread and slippage problems, the guy is even in profit just says its bad.
why not contact support first? ask them about since he s trading with them etc? why go on trustpilot?
  • #5,660
  • Nov 21, 2021 12:02pm Nov 21, 2021 12:02pm
Quoting 1odi
{quote} why not contact support first? ask them about since he s trading with them etc? why go on trustpilot?

Man, didn't you know that trustpilot is the means of blackmail to get what you want?
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