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Anyone trading with a Prop firm 31 replies

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  • #9,181
  • Jul 8, 2022 5:21pm Jul 8, 2022 5:21pm
Quoting Takisd
{quote} I dont think so. Seems like a miscommunication He edited {image}
OK, clarified.
Anyway is the only firm giving a free retake based in phase 2, right ?
  • #9,182
  • Jul 8, 2022 6:08pm Jul 8, 2022 6:08pm
Quoting TrAndy1
See here: https://autoproptrader.com/
-If this is legit, then this will blow everything out of the water. But, as you say, seems too good to be true.
  • #9,183
  • Jul 8, 2022 6:27pm Jul 8, 2022 6:27pm
Quoting Nsak3y
{quote}-If this is legit, then this will blow everything out of the water. But, as you say, seems too good to be true.
I went to the checkout page. Only crypto payments accepted. It's a red flag. A new company not having paypal is already bad for me. Not having credit card is a 100% no go.
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  • #9,184
  • Jul 8, 2022 6:35pm Jul 8, 2022 6:35pm
Quoting Capablanca
I went to the checkout page. Only crypto payments accepted. It's a red flag. A new company not having paypal is already bad for me. Not having credit card is a 100% no go.
-Yes, that is not good, for sure. The offer is good enough, though, that it might be worth asking if they would allow an alternative payment method. Hopefully, there are some brave people that would be willing to give them a go and report back.
  • #9,185
  • Jul 8, 2022 7:14pm Jul 8, 2022 7:14pm
Quoting abryan
like the Autoproptrader,its a reincarnation of ThePropTrader scammer from India,their website is exact copycat of it.
-Then there's this.
  • #9,186
  • Jul 8, 2022 7:25pm Jul 8, 2022 7:25pm
Quoting Capablanca
{quote} OK, clarified. Anyway is the only firm giving a free retake based in phase 2, right ?
Wasn't even aware that existed at MFF. I guess phase 1 restart for free is certainly better than paying and starting phase 1 again. Yes, I know of no other firm that offers a no cost restart if you don't pass phase 2.
  • #9,187
  • Jul 8, 2022 7:25pm Jul 8, 2022 7:25pm
Quoting TrAndy1
https://www.toptrader.io/
-They seem to require traders to define their trading strategy. Would be curious about what that entails. They also claim to have traders using their trading plan template prior to launch.

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  • #9,188
  • Jul 8, 2022 11:23pm Jul 8, 2022 11:23pm
Quoting TrAndy1
An unheard instant funding prop firm here. Score is 1.4. And the real cool thing, you can trade 10000 instruments. See here: https://instantfundedaccount.com/ https://www.youtube.com/watch?v=BsHy8PKsiGw
When you click on the Trustpilot review from the website it takes you to a site called Hard Hustle which seems to be an educational sight. The guy in the video from Hard Hustle is blabbering on about how much better Instantfundedaccount is compared to the 5ers. Then he even mentions how you can contact Instsantfundedaccount with their phone number in London which just happens to be the same number on Hard Hustle's website.

What am I missing here? Hard Hustle just a shill for Instantfundedaccount?
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Pride always comes before destruction.... -Proverbs 16:18
  • #9,189
  • Jul 8, 2022 11:35pm Jul 8, 2022 11:35pm
Quoting symmtrytradr
E8 interesting stats, fastest phase 1, phase 2, and overall funding: {image}
Fastest Phase 1 now belongs to Expo33. One hour and 38 minutes. I'm assuming they will be calling me for an interview soon
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On a serious note, I got my phase 2 credentials in 4 hours from E8 and got my phase 2 credentials from TFF in 8 hours.

Also, I only trade the major forex pairs and Bitcoin. The last time I was busy blowing up an E8 account I opened a 2 lot trade on Bitcoin and it charged me a $100 commission. At first, I thought I mistakenly opened up a 20-lot trade but no sir E8 charges a $50 commission per lot on Bitcoin. That's my only complaint with E8. Bitcoin is a no go.
Pride always comes before destruction.... -Proverbs 16:18
  • #9,190
  • Jul 9, 2022 3:44am Jul 9, 2022 3:44am
Another way to attract outside money as additional capital is from copy trading. That guy made 200% monthly returns over a longer time period. See yourself in article.
He got $10 million from outside and made over 1 million from fees. https://www.financemagnates.com/thou...rading-record/
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  • #9,191
  • Edited 4:55am Jul 9, 2022 4:06am | Edited 4:55am
Quoting Expo33
{quote} Fastest Phase 1 now belongs to Expo33. One hour and 38 minutes.
Honestly to be one of the fastest you need to pass a phase in just a few minutes and not in about 1 hour. Because in 1 hour I have passed several phases so far, too.
You need to trade during NFP or FOMC with high lot sizes to be one of fastest passer. Anyway fastest is not best in my eyes. I would not be proud of it that much.
I saw your high leverage of 40:1 with you passed a phase in about 1 hour. You need to pass it in that time with only 10:1 leverage during a no-news-period to be on par with me. That is what I have done so far. So do the same with much lower leverage in that time period but not during NFP or FOMC or other red news.
In addition I had several trades with just ca. 1 pip trade drawdown and then exited at extreme point. So on Edge Ratio (at ca. 20) that were perfect trades from me.
  • #9,192
  • Jul 9, 2022 6:02am Jul 9, 2022 6:02am
Is The OspreyFX Funded Trader Challenge a SCAM

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  • #9,193
  • Jul 9, 2022 7:26am Jul 9, 2022 7:26am
who using citytradersimperium ? any info they good ? i saw very good reviews
  • #9,194
  • Jul 9, 2022 8:00am Jul 9, 2022 8:00am
Quoting maximusa
who using citytradersimperium ? any info they good ? i saw very good reviews

horses for courses but i think it sucks. I also dont like the people behind it.
  • #9,195
  • Jul 9, 2022 8:03am Jul 9, 2022 8:03am
Quoting Takisd
{quote} horses for courses but i think it sucks. I also dont like the people behind it.
so you think they not good ? that about blufx ? they ok ?
or any other good prop firms without challenge ? thanks
  • #9,196
  • Jul 9, 2022 8:40am Jul 9, 2022 8:40am
Quoting maximusa
{quote} so you think they not good ? that about blufx ? they ok ? or any other good prop firms without challenge ? thanks

My Personal list is

1) MFF
2) FTMO
3) probably trueforexfunds now but only because TFT is gross
4) e8
5) Fundedtraderprogram
6) no one else because thats enough
  • #9,197
  • Jul 9, 2022 9:16am Jul 9, 2022 9:16am
Quoting maximusa
who using citytradersimperium ? any info they good ? i saw very good reviews
Find TrAndy sheet in this thread and you will understand. We are looking for value of above 3, meaning you get 3 or more times what you pay. CTI is a negative score, meaning you pay for more than what you receive. Not sure what you have against the challenge model, but they are the only ones with any value right now. If you do not wish to use a challenge firm, your money is simply better off in a personal account.
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  • #9,198
  • Jul 9, 2022 9:23am Jul 9, 2022 9:23am
Quoting TrAndy1
Another way to attract outside money as additional capital is from copy trading. That guy made 200% monthly returns over a longer time period. See yourself in article. He got $10 million from outside and made over 1 million from fees. https://www.financemagnates.com/thou...rading-record/ {image}
you forgot putting here, how the strategy ended up
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  • #9,199
  • Jul 9, 2022 9:34am Jul 9, 2022 9:34am
Quoting maximusa
{quote} so you think they not good ? that about blufx ? they ok ? or any other good prop firms without challenge ? thanks
BluFx is ok. You just need to be aware of low leverage but if your trading style can deal with that then they are ok. The overall is score is very good. There is value here. FYI
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  • #9,200
  • Jul 9, 2022 9:36am Jul 9, 2022 9:36am
Quoting mcquak
{quote} you forgot putting here, how the strategy ended up {image}
I know and I did not forget, because it does not matter. From his intial $15 investment he got a huge amount from fees. Same is with prop firm funded accounts. It does not matter how much you fail. The only thing that does matter is having good run ups and extract good money off from the challenge fees (like having a business).
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