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  • #8,581
  • Jun 18, 2022 2:18pm Jun 18, 2022 2:18pm
I can certainly understand the need for a direct funding model. Just not the way that they are structured now. Currently, there is no real benefit to the trader over trading a personal account so long as you have access to a good broker with reasonable leverage etc..

The difficulty is figuring out what that could look like, since the firm would need to minimize risk considerably, given that there would be no challenge or assessment involved.

Maybe one alternative could be a hybrid model that involves having traders trade on a demo account for a month, and if they can trade within the rules without violating draw-down, then the profit splits begin with reasonable draw-down allowance. This way, the trader can earn from day one and the firm would not have to risk anything upfront and could also ensure that they are not backing a loser.

Not sure if this model could work unless the firm has other models that bring in lots of revenue (like challenge models). I saw a firm recently with a model similar to this, where traders start on a demo account, but could still earn a percentage of the profits that they make during their challenge. I would think that a firm would need to be seeing a very nice income stream from failed challenges (or subscription-based models) in order to support something like this, though.
  • #8,582
  • Jun 18, 2022 2:53pm Jun 18, 2022 2:53pm
Hi
Is anyone use: https://www.blueguardiancapital.com/ because of the small profit target of 6%
Any sugestions please
  • #8,583
  • Edited 5:46pm Jun 18, 2022 4:49pm | Edited 5:46pm
Quoting Nsak3y
{quote}-I do not disagree. However, I just do not agree with the policy. It is not a deal-breaker for me, personally. As I say, their money, their rules. I accept that. I just prefer being able to keep the profits that I earned, regardless of whether or not I did a good job. I still did the job, just not to their liking. If you work at burger king, you will get paid for your time, whether you do a good job or not. They can fire you, sure, and maybe rightfully so, but they should still pay you for the time that you worked, even if you did not clean...
------------------------------
the pro firm refuse to pay your profits if you have a funded Account, make profits on it and exceed limits?
hon·est
adjective =free of deceit and untruthfulness; sincere.
================================
Myforexfund is not an honest pro firm.
That is the main point, i stated in the first place that you read the rules:
"Please read this stupids rules before you pay to myforexfund to try to get a funded account"
----------
Even is their money and their rules, is Illegal that a company under any parameter refuse to pay your last paycheck after they fire you.

If you read the rules and ask question in the live chat before you decide to pay,you can avoid the company that swear not to pay what you earned under any parameter.

Betwen myforexfund .com and ftmo.com You can see that FTMO, will pay you if accound get suspended

Hi Williamk ,

We are sending you the chat transcript you requested.


name: Williamk| email: xxxx

Mouhaned Radjati (07:06:28): Hello, my name is Mouhaned. How can I help you?
Williamk (07:07:04): hi please tell me about my risk when trading your funds who take the risk?
Mouhaned Radjati (07:08:47): FTMO will cover the losses, if any.
Williamk (07:11:50): even if i violate any rule but my account end up in profits you will split that profits and close my account?
Mouhaned Radjati (07:12:07): If you exceeded the Maximum Loss / Maximum Daily Loss limit on your FTMO Account, it was automatically submitted for a thorough review. Unfortunately, if the violation is confirmed, your FTMO Account will be deactivated, and the contract terminated. You will also receive a confirmation to your registered email.

In case your final balance is in profit, the residue amount will be split accordingly on the following date after your Profit Split Date as shown in the Account MetriX. You will also receive a refund for the initial FTMO Challenge fee.
Williamk (07:13:33): thanks
  • #8,584
  • Jun 18, 2022 4:54pm Jun 18, 2022 4:54pm
Quoting erlas7
Hi Is anyone use: https://www.blueguardiancapital.com/ because of the small profit target of 6% Any sugestions please
I think their challenges are good value with 15% discount at moment. 85% split and bi-weekly also good. They do payout. There are some proofs.

6% target is much less then 10% (FTMO)

But maybe good idea to wait until Monday to see how new offer from TFT compares
  • #8,585
  • Jun 18, 2022 5:58pm Jun 18, 2022 5:58pm
Quoting pipmaster77
{quote} I agree 100%. The entire point, for me, of using props, is to have as much funding as possible in order to trade WITH LOWER RISK, so I can earn more than I could on my own personal account with higher risk. If you max 4-5 of these companies and are sitting at like 2 million, why on earth are you "all-in"? You can trade so ridiculously small that you will never be in danger of losing the account(s) and still bank half a mil per year. Passing the challenges to get there is another story..............
Speaking of that, theres an ICT student been posting on twitter that has $3.2m AUM spread out over several firms, risks only 0.25% and uses a copier.

Seems like a good blueprint.

https://twitter.com/JadeCapFX?t=Dzip...fZrzFAh6g&s=09
  • #8,586
  • Jun 18, 2022 9:16pm Jun 18, 2022 9:16pm
Quoting donfriday
{quote} did MFF scam you or you violate some rules? I want to go for the 100k but scared this guys can just run away with my profit % are they for real?
Their customer service is poor, infact very poor.

To my knowledge Yavuz in MFF, he is the Director there. He really analyzes issues and solves issues, if you are right.

But then, can he show up for all customers and all irregularities ?

Among FTMO, MFF, TRUE FOREX FUNDS, I would rate FTMO the top real giant, and then True forex funds.

These three, I have used and i am using.

It is not going to be long for MFF to go down unless their customer service improves.

For you, I would suggest, Try with True forex funds or FTMO.

Considering targets to get, go with True forex funds.

Ignore MFF for time being until they set right their mistakes.

Probably too much has gone into their heads as they feel they are big.
Intraday only.
  • #8,587
  • Jun 18, 2022 9:29pm Jun 18, 2022 9:29pm
I read a comment posted by one user in Discord MFF THread.

[highlight=rgba(4, 4, 5, 0.07)]It's extremely rare I see someone in this chat with an IQ higher than 2 digits, good words. Indeed MFF has a long path on the automation process. Ignore the answers you get here and don't even bother typing much here either, it's just a fun chat to read some IG flexers. Forex communities outside MQL are generally bellow the average intelligence levels.[/highlight]

I doubt if answers to our emails to cust. service are also automated.
Intraday only.
  • #8,588
  • Edited 9:54pm Jun 18, 2022 9:35pm | Edited 9:54pm
Another comment posted by one user in Discord.

MFF made an error and closed out my trade position wrongfully. They also suspended my live account and then when they realised the error they reactivated my account and refunded the loss. But they are refusing to compensate me for their error. The total running profits from their error would have been north of $15,000 and counting. When they made the error I emailed them immediately saying there was a mistake and expected compensation. MFF are being very unreasonable. For people that want to be funded I wouldn't recommend MFF, I can't believe that this is how they treat their clients. This was my first profit split too. I'm going to post this all over tiktok. I thought I would start here.

For the people in this thread:

Those who praise Myforexfunds to the moon need to consider these negatives.

The posters here need not close their eyes for negative comments. Need to be honest.
Intraday only.
  • #8,589
  • Jun 19, 2022 12:16am Jun 19, 2022 12:16am
Quoting Bizziebee
{quote} I think their challenges are good value with 15% discount at moment. 85% split and bi-weekly also good. They do payout. There are some proofs. 6% target is much less then 10% (FTMO) But maybe good idea to wait until Monday to see how new offer from TFT compares
They are certainly priced right in terms of gross fee payable to play.

I do like how Phase 1 target is 6% on the back of a max 10% loss and a max 4% daily loss, that's nice.
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But many other factors to consider including any hidden rules and whether they can be trusted or not.

Masterrmind ...........
Master your Mind then Master your Trades
  • #8,590
  • Jun 19, 2022 12:38am Jun 19, 2022 12:38am
Quoting navk
{quote} Their customer service is poor, infact very poor. To my knowledge Yavuz in MFF, he is the Director there. He really analyzes issues and solves issues, if you are right. But then, can he show up for all customers and all irregularities ? Among FTMO, MFF, TRUE FOREX FUNDS, I would rate FTMO the top real giant, and then True forex funds. These three, I have used and i am using. It is not going to be long for MFF to go down unless their customer service improves. For you, I would suggest, Try with True forex funds or FTMO. Considering targets...
As time moves forward, he is highly unlikely to participate at a 1 on 1 customer service level since his time is ' better' spent elsewhere in the business assuming it keeps growing at a fast rate.

Probably they do not have enough people trained for customer service and I agree the service is well below par.

Once these other competitors start 'proving' trader payouts on top of offering a better customer service then I can see a real shift occuring in a relatively small amount of time, as in months not years.

The bad customer service has been an issue and a raised one at that I don't see any improvements in this area whatsoever.

On a positive note, I still view MyFF as a current firm offering the 'best' challenge model for the dollars spent relative to the DD and trader payout 'proofs' and I'd tend to favor them over most others.

That being said I'm always on the look out for other firms.

Masterrmind ............
Master your Mind then Master your Trades
  • #8,591
  • Jun 19, 2022 12:53am Jun 19, 2022 12:53am
Quoting navk
I read a comment posted by one user in Discord MFF THread. It's extremely rare I see someone in this chat with an IQ higher than 2 digits, good words. Indeed MFF has a long path on the automation process. Ignore the answers you get here and don't even bother typing much here either, it's just a fun chat to read some IG flexers. Forex communities outside MQL are generally bellow the average intelligence levels. I doubt if answers to our emails to cust. service are also automated.
Often this appears to be the case.

Masterrmind ............
Master your Mind then Master your Trades
  • #8,592
  • Jun 19, 2022 1:02am Jun 19, 2022 1:02am
tenTOPtraders

Well as you all know I passed Phase 1 of the 'gifted' $20K challenge mid to late last week.

I received an email from Basill (new owner) today (Sunday) with the Phase 2 account credentials.

A TE has now been attached for those who like following my attempts.

I will start trading this account from Monday.
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I have no idea where this account will lead too if anywhere at all.

Nevertheless, I will try hard to pass Phase 2 and see if a funded account is offered and more importantly, if a profit split situation arises will it actually be paid.

If I get this far, I shall provide the details.

Let's see how far I can go down this rabbit hole.

Masterrmind ...........
Master your Mind then Master your Trades
  • #8,593
  • Jun 19, 2022 5:46am Jun 19, 2022 5:46am
Quoting Bizziebee
{quote} I think their challenges are good value with 15% discount at moment. 85% split and bi-weekly also good. They do payout. There are some proofs. 6% target is much less then 10% (FTMO) But maybe good idea to wait until Monday to see how new offer from TFT compares
Any trader here have first hand experience with Blue Guardian Capital ?

Masterrmind ...........
Master your Mind then Master your Trades
  • #8,594
  • Jun 19, 2022 10:26am Jun 19, 2022 10:26am
Quoting Masterrmind
{quote} Any trader here have first hand experience with Blue Guardian Capital ? Masterrmind ...........

Well I saw this post some days ago - https://www.forexfactory.com/thread/...5#post14029195

I am not sure if all those payouts are verified but I should think they are true
  • #8,595
  • Jun 19, 2022 12:40pm Jun 19, 2022 12:40pm
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The Chonchy
  • #8,596
  • Jun 19, 2022 3:19pm Jun 19, 2022 3:19pm
Anyone can start a prop firm

https://www.eightcap.partners/prop-trading-company/
  • #8,597
  • Jun 19, 2022 3:21pm Jun 19, 2022 3:21pm
Quoting navk
Another comment posted by one user in Discord. MFF made an error and closed out my trade position wrongfully. They also suspended my live account and then when they realised the error they reactivated my account and refunded the loss. But they are refusing to compensate me for their error. The total running profits from their error would have been north of $15,000 and counting. When they made the error I emailed them immediately saying there was a mistake and expected compensation. MFF are being very unreasonable. For people that want to be funded...

The MFF discord is about as honest as a politician. Almost every single time I go in there and see some dude complaining it turns out they are either a) incredibly stupid or b) doing the wrong thing and trying to gather an audience to get what they want i.e blackmail.

During my entire health ordeal I didnt login there for the reason it is infuriating reading the level of incompetence and stupidity. Add to that the entitlement of these young, ambitious traders who don't actually know what forex is and you have the discords attached to the prop firms.

"I'm going to post this all over tiktok" is basically where all credibility falls into the toilet with this human.
  • #8,598
  • Jun 19, 2022 3:23pm Jun 19, 2022 3:23pm
Quoting wansiman
Anyone can start a prop firm https://www.eightcap.partners/prop-trading-company/

Cringe. I hate this broker with a passion and feel nervous every time I come up for payout with TFTP because of that.
  • #8,599
  • Jun 19, 2022 3:31pm Jun 19, 2022 3:31pm
Quoting navk
MFF : What do they mean by this rule ? 2) You must not be “all-in” on your trades and violate from a single trade or single batch of trade Any one ?

Don't use all your margin on a single trade like a crazy but I haven't actually seen a case of them enforcing that rule because usually the people who do it don't have stop losses.
  • #8,600
  • Jun 19, 2022 5:52pm Jun 19, 2022 5:52pm
Quoting Takisd
{quote} Don't use all your margin on a single trade like a crazy but I haven't actually seen a case of them enforcing that rule because usually the people who do it don't have stop losses.
Here is the catch. Unless you go all in single trade you can't possibly violate daily rule.
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