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  • #8,501
  • Jun 13, 2022 9:38am Jun 13, 2022 9:38am
Quoting TrAndy1
{quote} Do you have any written information you can provide regarding lot size limit restriction across multiple accounts ? You said something but did not provide proof so far.
I got it by email. I had to send almost a dozen emails until they replied because they were focusing, god knows why, in copiers which I never mentioned (don't even know how to use). They are basically useless and acting like bots. But this is the final sequence where they (Caio) confirmed:

Quote
On 100K funded account number 1 I buy 5 lots of GBPUSD at 10 am (manually entered)
On 100K funded account number 2 I buy 5 lots of GBPUSD at 11 am (manually entered)
I have simultaneously 10 lots of GBPUSD, but divided in 2 account (5 lots in each).
Is this a violation or not ?

Quote
If the same trades are placed manually or via copier on two or more accounts irrespective of the source, they may be identified as copies and violate our rules.
Thank you very much.

Quote
No copiers.
Please read again the question carefully
That’s not the question. Please read it again carefully and answer:
On 100K funded account number 1 I buy 5 lots of GBPUSD at 10 am (manually entered)
On 100K funded account number 2 I buy 5 lots of GBPUSD at 11 am (manually entered)
I have simultaneously 10 lots of GBPUSD, but divided in 2 account (5 lots in each).
Is this a violation or not ?

Quote
Yes a violation
  • #8,502
  • Jun 13, 2022 9:53am Jun 13, 2022 9:53am
Quoting Capablanca
{quote} I got it by email. I had to send almost a dozen emails until they replied because they were focusing, god knows why, in copiers which I never mentioned (don't even know how to use). They are basically useless and acting like bots. But this is the final sequence where they (Caio) confirmed: {quote} {quote} {quote} {quote}
Yes ThePropTrading is sketchy in terms of multiple accounts. I remember when they used to have minimum day requirement after passing exam I put 0.01 lot on one account and closed and put same on another and closed to fulfill minimum day requirement and they failed me
They put oil and other symbols into MT5 and sets trap for the user to fail. If you dont want user to trade why dont you disable.
Two things I like about them though, their speed of giving automated accounts plus no slippage whats so ever. I have seen 7-10 pips slippage in MyFF, FTMO is better than MyFF but ThePropTrading is outstanding.
  • #8,503
  • Jun 13, 2022 9:59am Jun 13, 2022 9:59am
Quoting Capablanca
{quote} I got it by email. I had to send almost a dozen emails until they replied because they were focusing, god knows why, in copiers which I never mentioned (don't even know how to use). They are basically useless and acting like bots. But this is the final sequence where they (Caio) confirmed: {quote} {quote} {quote} {quote}
But it could be misunderstood. As I read this he is only refering to the same instrument traded. So you can only trade 1 symbol at the same time regardless of how many accounts one has. That does not depend on the lot size. So even you traded 1 lot on each account it would be a violation. Okay it is clarified now, but not so good.
The question to me is now if it is allowed to have multiple positions on same instrument in one account or not ? Then you can have only 1 open position per symbol.
  • #8,504
  • Jun 13, 2022 10:10am Jun 13, 2022 10:10am
Quoting TrAndy1
{quote} But it could be misunderstood. As I read this he is only refering to the same instrument traded. So you can only trade 1 symbol at the same time regardless of how many accounts one has. That does not depend on the lot size. So even you traded 1 lot on each account it would be a violation. Okay it is clarified now, but not so good.
No. You can trade as many symbols as you want provided that you don't go beyond 5 lots per instrument:

Quote
FAQS:
100k Account 5.0 lot exposure per instrument
Please note, you can still trade your max lot exposure with multiple instruments.
For example, on 200K account you can open multiple 10 lots per instrument simultaneously such as 10 XAUUSD, 10 EURUSD, 10 USDJPY and 10 NAS100 or any other instrument/pair of your preference.

However, what I would expect is that I could trade 5 lots of GBPUSD in account A and 5 lots in account B.
It's ridiculous that having one 100K account I can trade 5 lots and having 2x100K account I can trade a total of 5 lots, instead of 5+5.
  • #8,505
  • Jun 13, 2022 10:11am Jun 13, 2022 10:11am
[quote=Capablanca;14030581]{quote} I got it by email. I had to send almost a dozen emails until they replied because they were focusing, god knows why, in copiers which I never mentioned (don't even know how to use). They are basically useless and acting like bots. But this is the final sequence where they (Caio) confirmed:

Violation to trade same pair manually on 2 different accounts one hour apart - that is nasty...I wonder who is an imbecile owner of this prop scam?
  • #8,506
  • Jun 13, 2022 10:23am Jun 13, 2022 10:23am
[quote=driven18;14030629]
Quoting Capablanca
{quote} I got it by email. I had to send almost a dozen emails until they replied because they were focusing, god knows why, in copiers which I never mentioned (don't even know how to use). They are basically useless and acting like bots. But this is the final sequence where they (Caio) confirmed: Violation to trade same pair manually on 2 different accounts one hour apart - that is nasty...I wonder who is an imbecile owner of this prop scam?
As rule of thumb don't trade same pair on multiple account with ThePropTrading.
If it is required. Trade something like this for 200K account they restrict 10 lots per pair on GBP/USD
So what can be done if you want to trade more than 10 lots. Well trade 10 lots of GBP/JPY and short 10 lots of USD/JPY. (you pay of extra spread but account is safe).
  • #8,507
  • Jun 13, 2022 10:38am Jun 13, 2022 10:38am
Quoting Capablanca
{quote} No. You can trade as many symbols as you want provided that you don't go beyond 5 lots per instrument: {quote} However, what I would expect is that I could trade 5 lots of GBPUSD in account A and 5 lots in account B. It's ridiculous that having one 100K account I can trade 5 lots and having 2x100K account I can trade a total of 5 lots, instead of 5+5.
I understood it totally different, but I will ask their support now and hope to get an answer. You failed only because you traded the same symbol on different accounts which is not allowed due copy trading rules. If you are not sure then you would need to ask the same again with 2.5 lots GU on each account, if that is allowed. But I am nearly sure he will respond same and say that it is not allowed because of copy trading, as he said in his answers. That has nothing to do with the 5 lot limitation on a 100k account. The only thing I do not know if you can do copy trading on your own 1 trading account with them. It sounds strange but they also have strange rules.
One might know some prop firms also have certain martingale rules which can also differ. So you cannot open multiple positons on the same symbol on even 1 account.
  • #8,508
  • Jun 13, 2022 10:52am Jun 13, 2022 10:52am
That's why this topic is so good. You guys had a different perspective which I never considered.

I went to read again their FAQs and found this:
Quote
Is copy trading allowed?
Trade copier is allowed if you are coping from your own external account to one of our TPT Evaluation Program or Funded accounts. If the same trades are placed manually or via copier on two or more accounts irrespective of the source, they may be identified as copies and violate our rules.
After you pass Evaluation, you can merge up to 500K into one account.

Now I realized that this could be what he understood.

I wonder If I said 5 lots GBPUSD in account A and 3 lots in account B what response I would get. This in my opinion is not a copy (and even more with my example which was 1 hour apart)
  • #8,509
  • Jun 13, 2022 11:02am Jun 13, 2022 11:02am
Quoting TrAndy1
{quote} If you did not tell us nonsense, where is your own duediligence and your work with a full list of questionable prop firms and their parent companies behind ?
You're a funny guy!! I guess I missed the requirement that everyone that posts here must submit his own list of some kind related to prop firms!
To free Gazans of Hamas, use whatever it takes.
  • #8,510
  • Jun 13, 2022 11:06am Jun 13, 2022 11:06am
Quoting Capablanca
That's why this topic is so good. You guys had a different perspective which I never considered. I went to read again their FAQs and found this: {quote} Now I realized that this could be what he understood. I wonder If I said 5 lots GBPUSD in account A and 3 lots in account B what response I would get. This in my opinion is not a copy (and even more with my example which was 1 hour apart)
I think it is the best if you ask the support of TPT again with some different examples so it is very easy to understand for them and then you can tell us what they have written in their e-mail(s) to you. I will do the same because I am interested in that topic too. Then we can compare the answers from them if they are matching or not.
  • #8,511
  • Edited 1:29pm Jun 13, 2022 1:01pm | Edited 1:29pm
I just want to mention I got two emails so far from TPT support, and all in all their answers can be completely misunderstood. It seems to be that it is their trick to be misunderstood, because their answers are very short, like having 4 or 5 words in one sentence. Then they have commas or not and then seperate lines, so you do not know whether it is refering on something new as new answer to a different question or restricting the same answer and just made randomly a new line. Do not like that.

An update for now, got the third email which is unclear too. It seems they are repeating what is on website, the support seems to be unsure how to interpret their own content. It is really a mess. But I am persistent and ask they same again and again in different words, until Caio has holes in his stomach. I hope I get correct answers.
  • #8,512
  • Jun 13, 2022 1:31pm Jun 13, 2022 1:31pm
Well I change my mind on BlueGuardianCapital. I find out that leverage on Gold is only 1:20

TPT no good because don't offer MT4 platform.

Finotive Funding told me to get lost and find another Prop firm when I complained about their EA policy.

Always a problem I think! I think better to stick with MFF or FTMO or maybe Fundednext. I will decide by tomorrow
  • #8,513
  • Edited 2:04pm Jun 13, 2022 1:41pm | Edited 2:04pm
That was difficult to get those answers from TPT support. But Caio were fast and I got an e-mail every couple of minutes. So the support is fast but not accurate. It is as I thought at the beginning, when I read the full answer from TPT support of Capablanca post. You cannot have same instrument trade open on multiple accounts, even when it is one microlot. The lot size limit is for one account to be meant, so they also allow martingale or having mutiple positions open of the same instrument until lot size limit is not reached. But they also say you can have unlimited accounts with them as long as you do not have same symbol open at the same time on each of them.
But all in all those hidden rules are described and everything else is allowed what it is not expressively forbidden. So the rules are clear, I think they are trustworthy.

Last answer was a clear answer, see here.
Attached Image (click to enlarge)
Click to Enlarge Name: TPT1.gif Size: 26 KB
A not so clear answer from support, but asked later again, you can see their answer below.
Attached Image (click to enlarge)
Click to Enlarge Name: TPT2.gif Size: 18 KB
  • #8,514
  • Jun 13, 2022 3:35pm Jun 13, 2022 3:35pm
Quoting Bizziebee
Well I change my mind on BlueGuardianCapital. I find out that leverage on Gold is only 1:20 TPT no good because don't offer MT4 platform. Finotive Funding told me to get lost and find another Prop firm when I complained about their EA policy. Always a problem I think! I think better to stick with MFF or FTMO or maybe Fundednext. I will decide by tomorrow
Yes, it always seems after we analyze the others, it always comes back to MFF and FTMO. I do believe TFF and E8 can be considered in that same conversation, they are just lacking the tenure at this point. Both have their own servers, which I have already mentioned the benefits to us as traders, but also shows, IMO, a commitment to the long term. These firms popping up just white labeling are just looking for a quick buck.
  • #8,515
  • Jun 13, 2022 4:21pm Jun 13, 2022 4:21pm
$300,000 account with MFF available until 30/06/3022
Daily Starting Drawdown
$15,000
Overall Drawdown
$36,000
Available Leverage 1:100
fee: $1,389
  • #8,516
  • Jun 13, 2022 4:29pm Jun 13, 2022 4:29pm
Quoting pipmaster77
{quote} Yes, it always seems after we analyze the others, it always comes back to MFF and FTMO. I do believe TFF and E8 can be considered in that same conversation, they are just lacking the tenure at this point. Both have their own servers, which I have already mentioned the benefits to us as traders, but also shows, IMO, a commitment to the long term. These firms popping up just white labeling are just looking for a quick buck.


Hello all,

Thank you to all those who sent dms. I am fine, appreciate it. Although do not intend to spend much time on ff.

Thought I'd message about e8, cant say I like them. Had an "ok " experience i guess but something rubs me the wrong way about their senior management.

FTMO/MFF/TFTP still remain the only worth while ones to play with.

I see fundednext mentioned in here lately, do some math on their programs and you will understand why its a scam. At some point we have to assume that any new comer is b-booking all the flow and then if add the bonuses and excessive profit share (90% anywhere is suspect) and you find the company has no revenue. I think we all can agree we like our prop firms, chunky with a side of always paying legit traders.

Since I am mostly better, I will pop in once and a while but have no intention of participating to the degree I have in the past. Keep on the grind all!
  • #8,517
  • Jun 13, 2022 10:27pm Jun 13, 2022 10:27pm
Quoting Bizziebee
$300,000 account with MFF available until 30/06/3022 Daily Starting Drawdown $15,000 Overall Drawdown $36,000 Available Leverage 1:100 fee: $1,389
I'm looking at taking one of them nearer to month end unless I find a 'better' challenge elsewhere.

It'll be hard to beat MyFF at this stage.

Masterrmind ............
Master your Mind then Master your Trades
  • #8,518
  • Jun 13, 2022 10:35pm Jun 13, 2022 10:35pm
Quoting Takisd
{quote} Hello all, Thank you to all those who sent dms. I am fine, appreciate it. Although do not intend to spend much time on ff. Thought I'd message about e8, cant say I like them. Had an "ok " experience i guess but something rubs me the wrong way about their senior management. FTMO/MFF/TFTP still remain the only worth while ones to play with. I see fundednext mentioned in here lately, do some math on their programs and you will understand why its a scam. At some point we have to assume that any new comer is b-booking all the flow and then if...
Thanks for dropping by Takisd.

Always welcome here.

Take care and best wishes to you.

Masterrmind ...........
Master your Mind then Master your Trades
  • #8,519
  • Edited 4:57am Jun 14, 2022 2:28am | Edited 4:57am
Quoting TrAndy1
It is really a mess. But I am persistent and ask they same again and again in different words, until Caio has holes in his stomach. I hope I get correct answers.
-I cannot personally speak about this firm, however, I have typically found that if ever I am beating my head against a wall with support, just asking for a supervisor can usually get my questions answered. May not always work, but it has worked for me in the past.

Typically, lower-level support is only able to answer lower-level questions based on the basic information that is available in front of them. Sometimes, it may be a script or a spreadsheet of some kind, or, it may just literally be whatever is available on the website, and that is it. Some do not even have access to a trading terminal in order to answer technical questions and likely do not even trade since the support may be outsourced.
  • #8,520
  • Jun 14, 2022 3:30am Jun 14, 2022 3:30am
Quoting TrAndy1
An update for now, got the third email which is unclear too. It seems they are repeating what is on website, the support seems to be unsure how to interpret their own content. It is really a mess. But I am persistent and ask they same again and again in different words, until Caio has holes in his stomach. I hope I get correct answers.
TPT has the same problem since the beginning. They got popular overnight and blamed that for lack of support.
I remember watching an interview with their CEO last year, promising support is the main thing they are trying to fix. And here we are

Since we have so many options, is it really worth it to waste so much time to get a clear answers?
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