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  • #7,501
  • Apr 13, 2022 6:52am Apr 13, 2022 6:52am
Quoting Okemzi
Does anyone here have a recent experience with Traders' Central that could give some feedback? Looking to go with them for the reason of their low fees-- which is the lowest I've seen so far. I'm only considering them because I'm pretty low on the green at the moment. Responses would be much appreciated : )
Save a bit more money and go with FTMO or Myff is my advice mate.
  • #7,502
  • Apr 13, 2022 8:53am Apr 13, 2022 8:53am
The Prop Trading March stats (it is what it is, either we believe or not like in all props)
https://www.instagram.com/p/CcQIrbcuTrT/

And also a guy claiming against their customer service, which I second.
  • #7,503
  • Apr 13, 2022 9:02am Apr 13, 2022 9:02am
Quoting Okemzi
Does anyone here have a recent experience with Traders' Central that could give some feedback? Looking to go with them for the reason of their low fees-- which is the lowest I've seen so far. I'm only considering them because I'm pretty low on the green at the moment. Responses would be much appreciated : )
I have a funded account with them and I'm close to payout date. Next week I'll know more but I don't expect much from them.
Customer service and processes are among the worst I experienced with props, as I described here:
https://www.forexfactory.com/thread/...7#post13933907
I'll keep you guys informed.

Furthermore they seem to have appropriated themselves of a MFF domain which is far from ethical.
https://www.forexfactory.com/thread/...4#post13953754
  • #7,504
  • Apr 13, 2022 10:04am Apr 13, 2022 10:04am
Quoting Capablanca
Furthermore they seem to have appropriated themselves of a MFF domain which is far from ethical.
-I wonder if anyone was able to confirm whether or not TC actually set this up. I see that most people assumed that they did, and rightly so, but you never really know in this business.
  • #7,505
  • Apr 14, 2022 8:44am Apr 14, 2022 8:44am
Quoting Capablanca
Be careful with https://corpequitycapital.com/ Their discord has several people screaming for credentials, refunds and payouts and no staff answers since Thursday. It may be just a temporary thing but it could also be something deeper. Better to play on the safe side for now.
An update about this. They say that they had a support agent (Harry) that accepted payments in crypto in a personal wallet and run away. In the meantime the staff lost access to emails and only now recovered full access.

Not sure if that's true but this was their announcement in Discord.

Quote
Era Lord in CORP EQUITY CAPITAL SUPPORT
Announcement

All accounts purchased from Harry will be registered so please send your account numbers to @t_cec_support if you paid harry for your account, also send your payment proof and conversation details.

In future , don't pay to anyone except @t_cec_support if you want to pay with crypto .

We'll never message you first!
Please...
  • #7,506
  • Apr 14, 2022 9:27am Apr 14, 2022 9:27am
An update regarding 5%er's Freestyle program:

1. Program now offers a full refund of the challenge fee following successful completion.
2. Cheaper 25K account option now available.
3. First account has a free reset that can be used at any time, even if you are in draw-down (i.e. you get two tries to pass).

As a side note, indices are hopefully coming soon, but no official announcement has been made.

Regarding #3, I am not sure if the free reset applies to each account that you buy, or, literally only once per trader over the lifetime of the program. I will ask for clarification.
  • #7,507
  • Apr 14, 2022 2:15pm Apr 14, 2022 2:15pm
Quoting Nsak3y
An update regarding 5%er's Freestyle program: 1. Program now offers a full refund of the challenge fee following successful completion. 2. Cheaper 25K account option now available. 3. First account has a free reset that can be used at any time, even if you are in draw-down (i.e. you get two tries to pass). As a side note, indices are hopefully coming soon, but no official announcement has been made. Regarding #3, I am not sure if the free reset applies to each account that you buy, or, literally only once per trader over the lifetime of the program....
Hi Nsak3y

Have you signed up for this yet? Interested to see if you can make pay and explain it to us plainly so we can understand it better? (For simpletons like me..!)
  • #7,508
  • Apr 14, 2022 2:20pm Apr 14, 2022 2:20pm
I’ll not bore people here with my woes, so just a short post…
It’s my MFF payout time again annnndddd guess what? Yep no payout because they don’t know my dates and the dashboard doesn’t work again.
I can’t be more direct with the management.
Now where’s that wall to bang my head against..
  • #7,509
  • Apr 14, 2022 4:04pm Apr 14, 2022 4:04pm
It is difficult to get the 10 % increase. I made small mistake and could not handle this emotionally I think. To correct this I made even bigger mistake. Went from 2.5% to -0.5% and later in the day corrected this to 2.5% again.

One big mistake is easily made. But one big profit is difficult to get. Even if the direction is correct with many oscillations it is a guess when to stop and when take the profit. Usually this ends in low pips.

I have ten trading days left, maybe I will leave it to the next month while I am still on the positive side.
  • #7,510
  • Apr 14, 2022 4:10pm Apr 14, 2022 4:10pm
Quoting Fagin
I’ll not bore people here with my woes, so just a short post… It’s my MFF payout time again annnndddd guess what? Yep no payout because they don’t know my dates and the dashboard doesn’t work again. I can’t be more direct with the management. Now where’s that wall to bang my head against..
Sad to say but I think you'll have that problem as long as you have the account. You migrated from the old system with a payout date and when they created the account in the new dashboard the system assumed it was a new account and established the payout from there.
They don't match, obviously, and now on the system date is not your payout date. And on your real payout date nobody knows, except you.
I'm laughing but this is ridiculous. Changing a payout date in the new dashboard should not demand a PhD.
  • #7,511
  • Apr 14, 2022 4:31pm Apr 14, 2022 4:31pm
Quoting Capablanca
{quote} Sad to say but I think you'll have that problem as long as you have the account. You migrated from the old system with a payout date and when they created the account in the new dashboard the system assumed it was a new account and established the payout from there. They don't match, obviously, and now on the system date is not your payout date. And on your real payout date nobody knows, except you. I'm laughing but this is ridiculous. Changing a payout date in the new dashboard should not demand a PhD.
Thing is my dash payout doesn’t work full stop on any date, only when I complain they activate it and then they reject it after I have pressed it to tell me that my dates don’t match! Over and over.
I feel like I’m in a Cohen Bros movie!
I should get my fee back at the end of the month and then I think I’m going to quit it. Life is too short..
  • #7,512
  • Apr 14, 2022 5:58pm Apr 14, 2022 5:58pm
Quoting Fagin
Have you signed up for this yet?
-No. I will wait until after indices are added before making any decision about it.

Quoting Fagin
explain it to us plainly so we can understand it better?
-Overall, it is pretty simple and favorable for traders, comparatively speaking. Most things are explained in their youtube videos fairly well. If you have some specific questions I can try to answer them to save you time.
  • #7,513
  • Apr 14, 2022 7:58pm Apr 14, 2022 7:58pm
Got busy this week so was unable to take any meaningful trade.
Half way mark to target and time.
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Trading is SIMPLE not EASY.
  • #7,514
  • Apr 14, 2022 8:37pm Apr 14, 2022 8:37pm
perhaps someone can answer this question for me , because i see you traders have a problem with restrictions on these platforms like gap trading , firstly why is gap trading not allowed , to overcome the problem because i do trade gaps and was warned by a broker who was shonckie bbook to stop the practice , i had the 1 minchart open when trading and did the trade . so i opened a 15min chart on real and found the trade on demo with another broker and went back to real account did the trade if i found it worth it , after that i didn't have a problem is it ethical you might ask well all brokers i have dealt with have shady practice's, this might help or it will not , good hunting you guys
people leave, but this thread will go on for ever
  • #7,515
  • Apr 14, 2022 10:04pm Apr 14, 2022 10:04pm
I’m currently trading with My Forex Funds, and I’ve heard of FTMO quite a bit. Other than FTMO, what other reputable prop firms would you all recommend?
  • #7,516
  • Apr 15, 2022 12:52am Apr 15, 2022 12:52am
This is current standing.

I could have met the target atleast a week ago but had lots of important personal works so could not trade for 1 week properly.

Hopefully, I will meet the balance 2k target.

Today and Monday I can trade.

Let us see.
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Intraday only.
  • #7,517
  • Apr 15, 2022 9:34am Apr 15, 2022 9:34am
Quoting Nsak3y
Regarding #3, I am not sure if the free reset applies to each account that you buy, or, literally only once per trader over the lifetime of the program. I will ask for clarification.
Quoting The5ersTF
If it's your first time signing up for the Freestyle program, you'll have 1 reset no matter your account situation (even if you are in a deep drawdown). If it's your second time, you have 1 reset only if you are above profit factor > 0 Best regards
-Answered.
  • #7,518
  • Apr 15, 2022 12:15pm Apr 15, 2022 12:15pm
Quoting Nsak3y
{quote}-No. I will wait until after indices are added before making any decision about it. {quote}-Overall, it is pretty simple and favorable for traders, comparatively speaking. Most things are explained in their youtube videos fairly well. If you have some specific questions I can try to answer them to save you time.
Thanks. I’ve had a deeper look into it, mainly the MT5 netting which is similar to my style anyway.
My main concern was not being able to build a position in one pair with several positions but I seem to have misunderstood this. You are allowed I think? Even watching the videos I’m still not 100% sure…?
  • #7,519
  • Apr 15, 2022 1:31pm Apr 15, 2022 1:31pm
Quoting Fagin
My main concern was not being able to build a position in one pair with several positions but I seem to have misunderstood this. You are allowed I think? Even watching the videos I’m still not 100% sure…?
-You can scale into a position using multiple positions, but all of the positions will be considered as one, single position until you close out the position. Your position entry point will automatically move and average out as you scale in.

If you have an existing broker that offers non-hedging accounts, then you should be able to open a demo account with them and practice with the netting-based account. When you create the account in metatrader, just be sure to uncheck the box that says 'Use hedge in trading'.
  • #7,520
  • Apr 15, 2022 2:14pm Apr 15, 2022 2:14pm
Quoting Nsak3y
{quote}-You can scale into a position using multiple positions, but all of the positions will be considered as one, single position until you close out the position. Your position entry point will automatically move and average out as you scale in. If you have an existing broker that offers non-hedging accounts, then you should be able to open a demo account with them and practice with the netting-based account. When you create the account in metatrader, just be sure to uncheck the box that says 'Use hedge in trading'.
It is, by far, their best offering to date. Only issue I have is the consistency of position sizes. I use a semi-swing strat using weekly pivots, where stops and targets are wider and I also scale in and out of these positions, therefore trade sizes are smaller. With my intraday, I am in and out, borderline scalping, therefore positions are larger. I suppose I could just use one strategy, but then my fear would be the time to execute 100 trades (especially with the semi-swing, which would be more likely to get the profit factor of 2 needed).
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