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  • #7,021
  • Mar 18, 2022 5:16am Mar 18, 2022 5:16am
Quoting TrAndy1
{quote} When they say 10 minimum trading days on a funded account, then it is clear for me you cannot trade 0.01 lots for securing profits for less than 10 trading days on a given month. Could you or anybody confirm that ? Did you ask that ? Because I would like to know how much lower you can go in size, say you traded 5 lots per trade in average, so you need to trade 1 or 2.5 lots minimum then for completing the 10 trading days ? Because it depends very much on the markets how much one can get good opportunities to trade. Did you ask that what...
Hi, I exactly asked these questions. Still waiting for their response. For the swing trades it counts since you need to have at least one market position in each of the 10 days.
  • #7,022
  • Edited 5:36am Mar 18, 2022 5:18am | Edited 5:36am
Quoting Olarion1975
{quote} Yes, $7 commission per lot. Please see here the current spreads of the IC markets demo account I used for phase 2, they are actually quite good. {image}
Spreads are perfect. True IC Markets quality. They seem to be very interesting with those spreads as prop firm. Because there is no one better on these spreads, even you count on $7rtl, still very, very good conditions. Tell me more later, when you get more info please. I am interested in Finotrader. Thanks.

To
"For the swing trades it counts since you need to have at least one market position in each of the 10 days."
->It depends how it is interpreted. Of course I would agree with you, but as I heard so far it depends on the prop firm how they will calculate this. It can be you can have an open position for 10 days as swing trade and it counts only as 1 or 2 trading days. One needs to ask this explicitly too. My two cents here.

And did they not say you can have a payout after 5 trading days on a funded account and bi-weekly payouts too ? Did I get this wrong, because on 10 minimum trading days, this rule seems to be contradictory here. What do they say on this ?

I hope they will do (even bigger) payouts, that is the most important part.
  • #7,023
  • Mar 18, 2022 5:48am Mar 18, 2022 5:48am
Quoting Olarion1975
{quote} Yes, $7 commission per lot. Please see here the current spreads of the IC markets demo account I used for phase 2, they are actually quite good. {image}
These seem the same than True Forex (who also use ICMarkets raw). If so, it's among the best spreads around.

The catch with ICMarkets is their lack of reliability in demo servers (ICMarketsSC-Demo06 and ICMarketsSC-Demo03), at least for True Forex. I don't know which servers does Fino use.
In True Forex there are regular freezes and downtime, if you check their support on discord. I've been experiencing, myself, a couple of them as well, although I'm not very active trader. For a day trader or scalper this could be an issue (and True Forex also uses these demo servers for funded account so the problem is exacerbated).
  • #7,024
  • Edited 6:05am Mar 18, 2022 5:54am | Edited 6:05am
Quoting Capablanca
{quote} These seem the same than True Forex (who also use ICMarkets raw). If so, it's among the best spreads around. The catch with ICMarkets is their lack of reliability in demo servers (ICMarketsSC-Demo06 and ICMarketsSC-Demo03), at least for True Forex. I don't know which servers does Fino use. In True Forex there are regular freezes and downtime, if you check their support on discord. I've been experiencing, myself, a couple of them as well, although I'm not very active trader. For a day trader or scalper this could be an issue (and True Forex...
Finotrader use ICMarketsSC-Demo02. They used at the beginning ICMarketsSC-Demo03 (of their new Raw accounts) but then had some problems and switched back to Demo02. But they also had problems with Demo02 in the beginning with their Standard IC Markets demo accounts. Now they changed it to Raw ECN accounts. Maybe this helps. I also said them their servers are all like the same and can have all some problems. They need to autoswitch automatically when there is a problem. Then there is always a working server even on demo. They said they will investigate this further on their tech department. Let's see.
  • #7,025
  • Mar 18, 2022 6:22am Mar 18, 2022 6:22am
Quoting TrAndy1
{quote} Finotrader use ICMarketsSC-Demo02. They used at the beginning ICMarketsSC-Demo03 (of their new Raw accounts) but then had some problems and switched back to Demo02. But they also had problems with Demo02 in the beginning with their Standard IC Markets demo accounts. Now they changed it to Raw ECN accounts. Maybe this helps. I also said them their servers are all like the same and can have all some problems. They need to autoswitch automatically when there is a problem. Then there is always a working server even on demo. They said they will...
Tech department? Sounds like a big organisation but I doubt that Finotrader is any bigger then a one-man band. Their address in Grosvenor Gardens is shared by 333 other companies. It's just a mailing address. I would love to know who is and where is the actual owner of the website (registered 6 months ago)

Look, I'll be the first one to sign up if they are geniune and pay out because everything looks good but I'm definitely going to wait and see
  • #7,026
  • Edited 9:34am Mar 18, 2022 6:45am | Edited 9:34am
Quoting Mtinifx
{quote} Tech department? Sounds like a big organisation but I doubt that Finotrader is any bigger then a one-man band. Their address in Grosvenor Gardens is shared by 333 other companies. It's just a mailing address. I would love to know who is and where is the actual owner of the website (registered 6 months ago) Look, I'll be the first one to sign up if they are geniune and pay out because everything looks good but I'm definitely going to wait and see
I also want to wait to see if they do payouts.
You can have a look here who is behind "https://www.reportingaccounts.com/uk/09229821/red-key-management-limited/index.html"
Mr. Niri Sandor is a 65 years old from capital city of Hungary (maybe deeper pockets ?). It looks like it is bit bigger than 1-man-shop at all. But only valid payouts will proof them. I am so excited if they will payout. Of course FTMO is my No.1 choice and I have read all reviews on Trustpilot about FTMO carefully.
  • #7,027
  • Mar 18, 2022 10:49am Mar 18, 2022 10:49am
So the OP of a thread pumping up fake prop firms can't pass his own challenge?
  • #7,028
  • Mar 18, 2022 11:01am Mar 18, 2022 11:01am
Quoting Fml
So the OP of a thread pumping up fake prop firms can't pass his own challenge?
One of these "fake" prop firms paid a trader 130K yesterday. How much did you earn last year? As far as passing the challenge, these evaluations are "challenging" for even the best of traders. However, OP understands the rules and completed his last one in profit, which earned him a free retake, which are unlimited as long as no rule violations occur. So here is an idea........GO SPEW YOUR BULLSHIT ELSEWHERE!!!!!!!
  • #7,029
  • Mar 18, 2022 11:43am Mar 18, 2022 11:43am
BTW, thanks to whoever out there is taking the opposite of my large BUY US100 trades, very grateful to you, keep shorting!
Your worst drawdown is yet to come
  • #7,030
  • Mar 18, 2022 11:47am Mar 18, 2022 11:47am
Quoting TrAndy1
{quote} I also want to wait to see if they do payouts. You can have a look here who is behind "https://www.reportingaccounts.com/uk/09229821/red-key-management-limited/index.html" Mr. Niri Sandor is a 65 years old from capital city of Hungary (maybe deeper pockets ?). It looks like it is bit bigger than 1-man-shop at all. But only valid payouts will proof them. I am so excited if they will payout. Of course FTMO is my No.1 choice and I have read all reviews on Trustpilot about FTMO carefully.

Very strange coincidence. This guy is in Hungary, True Forex is in Hungary and FTMO is in Hungary!

And if you compare Finotrader's homepage with FTMO's homepage, they are remarkably similar with the two mobile phones
  • #7,031
  • Mar 18, 2022 11:54am Mar 18, 2022 11:54am
On-line poker sites pay half a mm and more.

Use your imagination what real prop firms pay a year to the guys that stay.
  • #7,032
  • Mar 18, 2022 1:13pm Mar 18, 2022 1:13pm
Quoting navk
{quote} British news helped me to score big today {image}
Did not trade much as the whole day i was traveling.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 24 KB
Intraday only.
  • #7,033
  • Mar 18, 2022 3:32pm Mar 18, 2022 3:32pm
Quoting Fml
So the OP of a thread pumping up fake prop firms can't pass his own challenge?
Quoting Fml
On-line poker sites pay half a mm and more. Use your imagination what real prop firms pay a year to the guys that stay.
-I will never understand why people do this sort of thing. It is pure foolishness.
  • #7,034
  • Mar 18, 2022 4:10pm Mar 18, 2022 4:10pm
Quoting nebby
BTW, thanks to whoever out there is taking the opposite of my large BUY US100 trades, very grateful to you, keep shorting!
You're welcome lol
  • #7,035
  • Mar 18, 2022 4:18pm Mar 18, 2022 4:18pm
Quoting Fml
So the OP of a thread pumping up fake prop firms can't pass his own challenge?
Who says that the thread OP has to pass a challenge on a Prop Firm ?

What does that have to do with any trader taking or not taking on a challenge?

If you got paid from one of these Prop Firms you would have a different perspective altogether.

I place a public TE with these challenges.

I don't see you doing anything even remotely similar.

You sit in your recliner at home oblivious to the pressure cooker situation that real challenge participants put themselves through.

My motivation is to eventually pass an MFF $200000 challenge and I don't care how long or how many attempts it takes to achieve it.

Is this not entertaining?

Challenge trading with these Prop Firms is far from simple and the trader needs some luck on his/ her side to reach the target.

I hope that I am trading the current challenge in a way that entertains you.

Heaven forbid if you ever tried a real challenge ...

Masterrmind ............
Master your Mind then Master your Trades
  • #7,036
  • Mar 18, 2022 4:37pm Mar 18, 2022 4:37pm
End of Week 1 results.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-03-19-07-35-03-99_40deb401b9ffe8e1df2f1cc5ba480b12.jpg Size: 292 KB
Masterrmind .........
Master your Mind then Master your Trades
  • #7,037
  • Mar 18, 2022 5:48pm Mar 18, 2022 5:48pm
Quoting pipmaster77
{quote} One of these "fake" prop firms paid a trader 130K yesterday. How much did you earn last year? As far as passing the challenge, these evaluations are "challenging" for even the best of traders. However, OP understands the rules and completed his last one in profit, which earned him a free retake, which are unlimited as long as no rule violations occur. So here is an idea........GO SPEW YOUR BULLSHIT ELSEWHERE!!!!!!!
I've just put him/her on the sidelines for a minimum of 7 days.

I don't mind traders having a comment but that person is clearly not in the know at all.

Read the thread, frequent the various discords and form an educated opinion would be my advise to this clown.

Thanks for your post pipmaster77.

Masterrmind ...........
Master your Mind then Master your Trades
  • #7,038
  • Mar 18, 2022 5:50pm Mar 18, 2022 5:50pm
Quoting Masterrmind
End of Week 1 results. {image}Masterrmind .........
You will get there mate.

I was -3% last week and managed to claw it back in 4 days for my reset.

Got my logins, will likely be restarting next Tuesday.
  • #7,039
  • Mar 18, 2022 6:02pm Mar 18, 2022 6:02pm
Quoting Masterrmind
{quote} I've just put him/her on the sidelines for a minimum of 7 days. I don't mind traders having a comment but that person is clearly not in the know at all. Read the thread, frequent the various discords and form an educated opinion would be my advise to this clown. Thanks for your post pipmaster77. Masterrmind ...........
All the best MM! I'm rooting for you..
  • #7,040
  • Mar 18, 2022 6:09pm Mar 18, 2022 6:09pm
Update on Trueforexfunds support answers for anyone who is interested.

Summary:
You need to trade on minimum 5 trading days on a funded account there. A swing trade does not count as 5 trades only on the open of that trade. And on MT5 they have no server problems they say. The demo03 server problems were only on MT4. The daily loss rule is better than Myforexfunds because it is based on equity alone, but less good as on FTMO.

But here are some shots from support:

"Please also note if you are in -4,999 floating losses then your DD will reset at 0:00 CET to 5K, meaning you will be added more room for floating losses to risk.

If you wish to request a bi-weekly payout, you need to trade for 5 days.
It doesn't matter how you trade, but we ask not to trade irregularly, like placing 0.01 lot trades for 1 sec or so. Just stick to your regular trading strategies. If you didn't trade for 5 days, your payout would be automatically monthly.
Payouts are issued every 14 days after your first trade is placed on your Funded Account."

"5 trading days means you have to open a minimum of one trade on 5 different days."

"If your average lot size is five lots, please do not go below one lot.
If you open a trade and hold it for five days, it counts as one trade."

(regarding demo server freezes)
"Yes, it sometimes happens, but the ICMarket responds very quickly whenever it happens before.
We receive the server allocation automatically. On the MT5, we do not experience this kind of problem."

(regarding slippage and any lot size restrictions)
"We do not have any restrictions or limitations on traded volume. You are free to trade whatever lot sizes you prefer. Please always manage your risks according to our Loss Limits."

Hope this helps regarding Trueforexfunds.
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