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Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

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  • #5,861
  • Nov 30, 2021 8:37pm Nov 30, 2021 8:37pm
Quoting Basill
{quote} Could be wrong but I think it is backed by fpfxtech.com/ . They use eightcap with all their funded firms.

fpfxtech only provide a dashboard.....
  • #5,862
  • Nov 30, 2021 9:14pm Nov 30, 2021 9:14pm
Quoting Takisd
{quote} fpfxtech only provide a dashboard.....
No. I have had an interview with them concerning 'prop' firms. They provide finance for funded account firms. kickstart https://kickstarttrading.com/kicksta...nding-program/ is one of them & suspect any of them using eightcap are also.

Prop in the Box

Inline with the demand of the Funded Trading Programs, we have built custom technology that currently supports 20 or so of the funded trading programs. About a month ago we launched what we call Prop in the Box. This model is where we work hand in hand with companies such as yours that want to run Funded Trading Programs, but don't have the capital to do so. In this business model we bring all of our technology and the capital to fund the Live Accounts, and your firm would be responsible for the sales and marketing of the product. During the buildout process we would white label all emails, checkout carts, and dashboards so that the product has the look and feel of your brand.

I think some of their start-ups will go on to become a force for the others to reckon with. Their will always be the odd failure of course.
Look Left Trade Right
  • #5,863
  • Nov 30, 2021 9:39pm Nov 30, 2021 9:39pm
Quoting Basill
{quote} No. I have had an interview with them concerning 'prop' firms. They provide finance for funded account firms. kickstart https://kickstarttrading.com/kicksta...nding-program/ is one of them & suspect any of them using eightcap are also. Prop in the Box Inline with the demand of the Funded Trading Programs, we have built custom technology that currently supports 20 or so of the funded trading programs. About a month ago we launched what we call Prop in the Box. This model is where we work hand in hand with companies such...
Interesting, could be a legit 3rd option to go with MFF and FTMO. We shall see. Good info. Thanks.
  • #5,864
  • Nov 30, 2021 9:47pm Nov 30, 2021 9:47pm
Quoting pipmaster77
{quote} Interesting, could be a legit 3rd option to go with MFF and FTMO. We shall see. Good info. Thanks.
Yes. They seemed very legit to me. Time will tell.
Look Left Trade Right
  • #5,865
  • Nov 30, 2021 10:12pm Nov 30, 2021 10:12pm
Quoting Basill
{quote} No. I have had an interview with them concerning 'prop' firms. They provide finance for funded account firms. kickstart https://kickstarttrading.com/kicksta...nding-program/ is one of them & suspect any of them using eightcap are also. Prop in the Box Inline with the demand of the Funded Trading Programs, we have built custom technology that currently supports 20 or so of the funded trading programs. About a month ago we launched what we call Prop in the Box. This model is where we work hand in hand with companies such...

I would love to hear more about this interview tbh.

8cap is a piece of crap and it would explain the fungus of prop firms coming out rn.
  • #5,866
  • Nov 30, 2021 11:08pm Nov 30, 2021 11:08pm
Quoting Expo33
{quote} I've purchased a few of those $68 "one foot in" accounts just because I like to blow things up. Spreads/execution have been fine. They use GlobalPrime for the broker. I would usually get my credentials within 2-3 hours. The last one I purchased they emailed and said they were having some IT problems and that it would be more like 10 hours. Jumped on chat and they got it done in that timeframe. Good live chat support. Can't comment on withdrawals as I've never had the pleasure of requesting one.
I passed the Level 1 of Buoy Direct Model and received the commission.
Attached Image

Here is my Ac on Myfxbook : https://www.myfxbook.com/members/BuoyTrade/1111/8954817

I also ask them change the rules to beat their competitors as follow:

- Maximum Drawdown/Loss: 10% instead of 5%
- Scaling Levels: 4x initial level balance instead of doubled every stage.
  • #5,867
  • Nov 30, 2021 11:33pm Nov 30, 2021 11:33pm
Quoting FXTrader.FF
{quote} I passed the Level 1 of Buoy Direct Model and received the commission. {image} Here is my Ac on Myfxbook : https://www.myfxbook.com/members/BuoyTrade/1111/8954817 I also ask them change the rules to beat their competitors as follow: - Maximum Drawdown/Loss: 10% instead of 5% - Scaling Levels: 4x initial level balance instead of doubled every stage.
Congrats!
Pride always comes before destruction.... -Proverbs 16:18
  • #5,868
  • Nov 30, 2021 11:51pm Nov 30, 2021 11:51pm
Quoting FXTrader.FF
{quote} I passed the Level 1 of Buoy Direct Model and received the commission. {image} Here is my Ac on Myfxbook : https://www.myfxbook.com/members/BuoyTrade/1111/8954817 I also ask them change the rules to beat their competitors as follow: - Maximum Drawdown/Loss: 10% instead of 5% - Scaling Levels: 4x initial level balance instead of doubled every stage.

Congratulation, keep going
  • #5,869
  • Dec 1, 2021 2:09am Dec 1, 2021 2:09am
Quoting Takisd
{quote} fpfxtech only provide a dashboard.....
Sure about that? If i'm not mistaken, even MentFunding claim FPFX as their financial backer.
  • #5,870
  • Dec 1, 2021 2:14am Dec 1, 2021 2:14am
Quoting FXTrader.FF
{quote} I passed the Level 1 of Buoy Direct Model and received the commission. {image} Here is my Ac on Myfxbook : https://www.myfxbook.com/members/BuoyTrade/1111/8954817 I also ask them change the rules to beat their competitors as follow: - Maximum Drawdown/Loss: 10% instead of 5% - Scaling Levels: 4x initial level balance instead of doubled every stage.
Oh wow, It reads as a Global Prime real account on Myfxbook. That's nice.

Big ups.
  • #5,871
  • Edited 5:15am Dec 1, 2021 4:40am | Edited 5:15am
Quoting Expo33
{quote} Congrats!
Quoting inversio
{quote} Congratulation, keep going
Quoting Koop
{quote} Oh wow, It reads as a Global Prime real account on Myfxbook. That's nice. Big ups.
Thank you. I know, I have to share 50% while I can keep 100% if I trade my own ac. I will all in if they don't change the rule
  • #5,872
  • Dec 1, 2021 6:54am Dec 1, 2021 6:54am
Available discount offers to the best of my knowledge -

MFF - 15% (still ongoing?)

MFF - 7.5% (affiliate)

DIgital Pit - 5% (affiliate I think)

FTMO - 5% (this seemed the be an affiliate stuff from where I got the info ... Not official)

TCF - 30% official for dec

E8 - 5% affiliate cashback
  • #5,873
  • Dec 1, 2021 8:49am Dec 1, 2021 8:49am
Quoting Koop
{quote} Sure about that? If i'm not mistaken, even MentFunding claim FPFX as their financial backer.

It appears due to new information I am actually wrong.

I may call one of them up and ask them to give me a prop firm but not with 8cap.
  • #5,874
  • Dec 1, 2021 9:17pm Dec 1, 2021 9:17pm
Quoting Basill
{quote} No. I have had an interview with them concerning 'prop' firms. They provide finance for funded account firms. kickstart https://kickstarttrading.com/kicksta...nding-program/ is one of them & suspect any of them using eightcap are also. Prop in the Box Inline with the demand of the Funded Trading Programs, we have built custom technology that currently supports 20 or so of the funded trading programs. About a month ago we launched what we call Prop in the Box. This model is where we work hand in hand with companies such...
Kickstart is interesting and might actually be worthy of consideration except for:
a) the 10:1 leverage
b) no weekend open trades
c) use of 8Cap as a broker (is there no other choice, say, Global Prime?)
Amor Fati--F. Nietzsche
  • #5,875
  • Dec 1, 2021 11:15pm Dec 1, 2021 11:15pm
Quoting FXTrader.FF
{quote} I passed the Level 1 of Buoy Direct Model and received the commission. {image} Here is my Ac on Myfxbook : https://www.myfxbook.com/members/BuoyTrade/1111/8954817 I also ask them change the rules to beat their competitors as follow: - Maximum Drawdown/Loss: 10% instead of 5% - Scaling Levels: 4x initial level balance instead of doubled every stage.
Correct me if I were wrong.
What is the point taking buoy trade?

Pay $68 and get a model where you have a 50% profit-split for reaching 10% profit on a $1000 account.
If you win:
buoy trade gets your $68 and $50 == $118
while you get $50.
if you lose due to 5% max loss on a $1000 account == $50
buoy trade just take your $68 and pay that $50 loss and still earn $18

In the next level, same rules, 5% loss 10% profit split on a $2000 account.
If you win:
buoy trade gets $100 and you get $100
If you lose $100:
buoy trade just takes $118 - $100 and recover the remaining loss.

I just see that it is a wasting of time trading buoy trade.
0 risk from prop firm side, might as well trade by yourself.
  • #5,876
  • Dec 2, 2021 2:44am Dec 2, 2021 2:44am
anyone here have experience with Lux Trading firm?
I am currently trying their free trial, but I am having an issue about the rules that trader should have predetermined SL and TP
thus making instant execution cannot be used in MT4
I use SL and TP but sometimes the market moving fast so I instant buy/sell and put the SL and TP in <1min after the trade entered
does anyone know how to circumvent this with script, EA or else?
In the end its just a stupid numbers game
  • #5,877
  • Dec 2, 2021 2:50am Dec 2, 2021 2:50am
CORP EQUITY CAPITAL
Funded Trader Program | Corp Equity Capital

Oh Wow, how nice, how amazing.

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Now for the big oooooof

Real TCF paypal payout Vs. Fake CEC payout.
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Lol So called CEO was commending the traders who earned these wonderful payouts.

To quote ThePipmaster - MFFTMO!!!
  • #5,878
  • Dec 2, 2021 3:01am Dec 2, 2021 3:01am
Quoting danzka
anyone here have experience with Lux Trading firm? I am currently trying their free trial, but I am having an issue about the rules that trader should have predetermined SL and TP thus making instant execution cannot be used in MT4 I use SL and TP but sometimes the market moving fast so I instant buy/sell and put the SL and TP in <1min after the trade entered does anyone know how to circumvent this with script, EA or else?
I am using Lux Trading, you just need to put the SL only, TP not needed before you entered a trade.
If not, the trade will be closed automatically.....

Also, if your stoploss is too far away and hits the max dd, it will be closed too, that is what i have experienced.
  • #5,879
  • Dec 2, 2021 3:15am Dec 2, 2021 3:15am
Quoting danzka
anyone here have experience with Lux Trading firm? I am currently trying their free trial, but I am having an issue about the rules that trader should have predetermined SL and TP thus making instant execution cannot be used in MT4 I use SL and TP but sometimes the market moving fast so I instant buy/sell and put the SL and TP in <1min after the trade entered does anyone know how to circumvent this with script, EA or else?

check these link, might help u


https://www.forexfactory.com/thread/...-loss-and-take

https://soehoe.id/free-ea-auto-stop-...g-stop.t17325/


palnned to join this firm but decide against after seeing these infos

""
Long time (years) in the business and plenty of payout proofs.

However conditions are horrible.

You have to achieve 5% to receive a payout and 10% to scale up.

If you scale up the money can't be withdraw. For example, if you start with 50.000 and achieve 55.000 you can ask to be scaled up to 100.000 but those 5.000 can't be withdraw. And then you need to achieve 10K to scale up to 200.000. Meaning that 5.000 + 10.000 profit will stay there if you want to scale up again.

Besides that, their leverage is terrible. Just 1:3.

And it's not even 1:3 because pairs have either a 110% margin (GBP ones) or 140% margin, which decreases leverage to 1:2.7 or 1:2.2

Achieving 5% for payout or 10% for scaling with this kind of leverage is very tough. And paying a monthly fee...
"""
  • #5,880
  • Dec 2, 2021 3:31am Dec 2, 2021 3:31am
Quoting inversio
{quote} check these link, might help u https://www.forexfactory.com/thread/...-loss-and-take https://soehoe.id/free-ea-auto-stop-...g-stop.t17325/ palnned to join this firm but decide against after seeing these infos "" Long time (years) in the business and plenty of payout proofs. However conditions are horrible. You have to achieve 5% to receive a payout and 10% to scale up. If you scale up the money can't be withdraw. For example, if you start with 50.000 and...
thanks for the reply,
tried that, doesn't work, the trade needs to have predetermined SL TP so 'new order' button in MT4 which you fill out the SL and TP which is horribly terribly slow
I haven't delve deep into the T&C but from what you're saying I think I better off in other firm lol

which firm do you actually prefer?
In the end its just a stupid numbers game
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