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  • #8,421
  • Jun 8, 2022 7:31am Jun 8, 2022 7:31am
Quoting TrAndy1
The support of Finotive Funding is not good. After several days I still got no answer at all. Even not a confirmation e-mail, nothing.
Are you considering them, TrAndy?

Their broker, Ascot Prime, has bad reviews at Forex Peace Army.

I'm wondering, too, why Finotive's founder, Oliver Newland (who's British) opted for the firm to be registered in Hungary instead of in the UK, his home-country.

Caveat emptor, if I were you...
Amor Fati--F. Nietzsche
  • #8,422
  • Jun 8, 2022 8:12am Jun 8, 2022 8:12am
Quoting doji
{quote} Are you considering them, TrAndy? Their broker, Ascot Prime, has bad reviews at Forex Peace Army. I'm wondering, too, why Finotive's founder, Oliver Newland (who's British) opted for the firm to be registered in Hungary instead of in the UK, his home-country. Caveat emptor, if I were you...
To the last part:
UK corporate tax rate = 19%
Hungary corporate tax rate = 9%

A visible reason.

That said, being in BP for the last week, just noticed that the latvian interest fidelcrest changed their address to Cyprus.
Was in the very street, time in hand, thus really tempted to visit their "office" there...
there is always, always another trade!!
  • #8,423
  • Edited 10:22am Jun 8, 2022 8:30am | Edited 10:22am
Quoting doji
{quote} Are you considering them, TrAndy?
No, just wanted to mention, that they have not only very bad scaling offer and bad spreads but also bad support too. Even today no answer. Finotive Funding is so bad.
  • #8,424
  • Jun 8, 2022 10:58am Jun 8, 2022 10:58am
Anyone can tell me the waiting times at MFF ? How long does it take from ordering a challenge to get a ready tradable account ? How long does it take from Phase 1 to 2 and from 2 to funded ? How long does it take to get a payout, do I need to wait for days until then I can continue trading or not ? Can you use bank wire for payouts ?
  • #8,425
  • Jun 8, 2022 11:08am Jun 8, 2022 11:08am
Quoting TrAndy1
Anyone can tell me the waiting times at MFF ? How long does it take from ordering a challenge to get a ready tradable account ? How long does it take from Phase 1 to 2 and from 2 to funded ? How long does it take to get a payout, do I need to wait for days until then I can continue trading or not ? Can you use bank wire for payouts ?
about 10 mins on waiting time on all. they are pretty much automatic.
not sure about bankwire . I use deel which is fast to get paid and easy set up..
  • #8,426
  • Edited 1:38pm Jun 8, 2022 12:30pm | Edited 1:38pm
Does MFF allow copy trading from own external accounts too ? Are there minimum trading days when funded ? Are there still minimum holding times on a trade ?
  • #8,427
  • Jun 8, 2022 1:13pm Jun 8, 2022 1:13pm
Quoting TrAndy1
Anyone can tell me the waiting times at MFF ? How long does it take from ordering a challenge to get a ready tradable account ? How long does it take from Phase 1 to 2 and from 2 to funded ? How long does it take to get a payout, do I need to wait for days until then I can continue trading or not ? Can you use bank wire for payouts ?
Credentials are on auto pilot from purchase to phase 1 and phase 1 to phase 2. Funded account of course requires doc upload and agreement signature. I did this in August 2021, so not sure if process is different. I used to do everything through USDC, now, like everyone, I am using Deel.
  • #8,428
  • Jun 8, 2022 6:56pm Jun 8, 2022 6:56pm
Quoting TrAndy1
Does MFF allow copy trading from own external accounts too ? Are there minimum trading days when funded ? Are there still minimum holding times on a trade ?
You can copy trades from your own private accounts. No Minimum days except for Rapid accounts, not sure on the minimum times to hold trades.

cheers
  • #8,429
  • Jun 9, 2022 3:01am Jun 9, 2022 3:01am
Update on my trading with 250k account at E8 funding: Passed Phase 1 last week, Phase 2 started 3 days ago. Hope to reach the 5% profit target next week.
Customer support is very fast and credentials for phase 2 were provided 30 mins after passing phase 1.
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  • #8,430
  • Jun 9, 2022 7:39am Jun 9, 2022 7:39am
True Forex Funds
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  • #8,431
  • Jun 9, 2022 11:44am Jun 9, 2022 11:44am
Quoting pipmaster77
{quote} Credentials are on auto pilot from purchase to phase 1 and phase 1 to phase 2. Funded account of course requires doc upload and agreement signature. I did this in August 2021, so not sure if process is different. I used to do everything through USDC, now, like everyone, I am using Deel.
About Deel? You must to pay samething? From Deel how you have the money?
  • #8,432
  • Edited 12:56pm Jun 9, 2022 11:59am | Edited 12:56pm
What about slippage at MFF ? Up to what lot size you can enter to minimize slippage ? I read with 5 lots you have 0.3 pips or 3 points simulated slippage on each side.
  • #8,433
  • Jun 9, 2022 12:58pm Jun 9, 2022 12:58pm
Quoting pipmaster77
{quote} Credentials are on auto pilot from purchase to phase 1 and phase 1 to phase 2. Funded account of course requires doc upload and agreement signature. I did this in August 2021, so not sure if process is different. I used to do everything through USDC, now, like everyone, I am using Deel.
What is the advantage of Deel over USDC payout?
  • #8,434
  • Jun 9, 2022 1:44pm Jun 9, 2022 1:44pm
which prop firm offers a broker that use tradingview?
  • #8,435
  • Jun 9, 2022 3:55pm Jun 9, 2022 3:55pm
Quoting Masterrmind
{quote} Added them to Post 1. No comments yet since I've just brushed over their website. As mentioned above a trailing DD and a monthly fee is right in the middle of nasty territory. However, it looks like they have maybe 3 different models available although I stand to be corrected. NinjaTrader platform though which is great. Due diligence traders. Masterrmind ...........
FundedNext look good. You now about them?
  • #8,436
  • Jun 9, 2022 4:28pm Jun 9, 2022 4:28pm
I see someone has already set up a nice website for prop firms reviews and it looks good. Gotta admit E8 is very new but they have really started of on the right note and their dashboard looks very good. Will give them a try very soon.

https://forexpropreviews.com/
  • #8,437
  • Edited 4:52pm Jun 9, 2022 4:36pm | Edited 4:52pm
FTMO milestones, anyone here that had more than 2 years every month a profit with a prop firm ?

There were three major milestones that have been reached at FTMO recently:

  1. Record single payout of over $143,000
  2. Record 57 consecutive withdrawals made by a single trader
  3. Payouts of $25,000,000+ have been distributed to traders from the beginning of the year 2022

What do you think about these milestones?

  • #8,438
  • Jun 9, 2022 4:48pm Jun 9, 2022 4:48pm
Quoting TrAndy1
What about slippage at MFF ? Up to what lot size you can enter to minimize slippage ? I read with 5 lots you have 0.3 pips or 3 points simulated slippage on each side.
There are various factors affecting slippage. If account is brand new you may not observe any slippages as they are not copying trades. But if you cross certain threshold you will observe slippages if trading lots bigger than 3. As rule of thumb break down trades in multiples less than 3 otherwise there will be slippages of 0.03 pips and bigger on indices. Same thing is true for TrueForexFunds (slippages is bigger) and The funded program.
  • #8,439
  • Jun 9, 2022 4:50pm Jun 9, 2022 4:50pm
Quoting Tim_isoara
{quote} FundedNext look good. You now about them?
If you double lot size they will deny account. It was not written anywhere in website but I have chatted with online support.
  • #8,440
  • Jun 9, 2022 4:51pm Jun 9, 2022 4:51pm
Quoting TrAndy1
FTMO milestones, anyone here that had more than 2 years every month a profit with a prop firm ? There were three major milestones that have been reached at FTMO recently: Record single payout of over $143,000 Record 57 consecutive withdrawals made by a single trader Payouts of $25,000,000+ have been distributed to traders from the beginning of the year 2021 What do you think about these milestones?
57 consecutive withdrawals is like a milestone. I would like to know risk management of that trader.
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