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  • #9,561
  • Jul 26, 2022 3:52pm Jul 26, 2022 3:52pm
Quoting muir
{quote} The earliest i have contacted any of those 3 was Feb 20 this year. Were they hacked before that? BTW the above link doesn't even load the website for me. They have exactly 1 "wonderful" review on Trustpilot. It's safe to chuck them to the scam list.

No it was after that.
  • #9,562
  • Jul 26, 2022 3:56pm Jul 26, 2022 3:56pm
Quoting wmwmw
{quote} 1917 divided by drawdown, not bu nominal amount. It should be more than 100%.
I look at it the same way but it's still doable if variance happens to work in your favour that particular month. If you do 50 trades at 1:2 RR risking 1% and you win 50% then you could bang out double the allowed drawdown.
  • #9,563
  • Jul 27, 2022 12:20am Jul 27, 2022 12:20am
Quoting RCtrader
Traderscentralfunding is not available anymore. I don't know but perhaps "traderscentral com" is the same company, is it not?
Sure looks like it.
You can reach me on Telegram @ KramerFx
  • #9,564
  • Jul 27, 2022 4:15am Jul 27, 2022 4:15am
Quoting Takisd
{quote} Or don't cos they are a crappy company.
I don't know which one you are referring to
"Cut your loses short and let the winners Run"
  • #9,565
  • Jul 27, 2022 7:08am Jul 27, 2022 7:08am
Quoting meck1
{quote} I don't know which one you are referring to
fundednext
  • #9,566
  • Jul 27, 2022 7:12am Jul 27, 2022 7:12am
Quoting Takisd
{quote} fundednext
How exactly lol are you speaking from experience or you just giving a random opinion
"Cut your loses short and let the winners Run"
  • #9,567
  • Jul 27, 2022 9:05am Jul 27, 2022 9:05am
Quoting meck1
{quote} How exactly lol are you speaking from experience or you just giving a random opinion

I spent like 3 weeks in their discord, I chatted to their support and team. They dont know what they are doing, their servers are completely different for different customers, they had server down for like 24 hours despite eightcap servers being up (they put it down). They keep changing the rules on the fly when they make judgements. They have warnings on trustpilot for making false reviews. Their marketing is basically attacking the competitors everywhere in an unprofessional way.

Theres a whole list of reasons not to use that crappy company.
  • #9,568
  • Jul 27, 2022 9:16am Jul 27, 2022 9:16am
The Funded Trader, by email:

Attached Image (click to enlarge)
Click to Enlarge Name: TFT.PNG Size: 26 KB

Inserted Video


I hope the improvement in speed they mention is about payout process which is absolutely garbage in terms of timing.
  • #9,569
  • Jul 27, 2022 9:37am Jul 27, 2022 9:37am
Quoting Capablanca
The Funded Trader, by email: {image} https://www.youtube.com/watch?v=UP-MPtCcA7I I hope the improvement in speed they mention is about payout process which is absolutely garbage in terms of timing.

Hahaha yes or server speed.
  • #9,570
  • Jul 27, 2022 9:56am Jul 27, 2022 9:56am
Finotive rubish. Just now, EURUSD, 1m time frame
Attached Image (click to enlarge)
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  • #9,571
  • Jul 27, 2022 12:42pm Jul 27, 2022 12:42pm
Quoting Takisd
{quote} I spent like 3 weeks in their discord, I chatted to their support and team. They dont know what they are doing, their servers are completely different for different customers, they had server down for like 24 hours despite eightcap servers being up (they put it down). They keep changing the rules on the fly when they make judgements. They have warnings on trustpilot for making false reviews. Their marketing is basically attacking the competitors everywhere in an unprofessional way. Theres a whole list of reasons not to use that crappy company....
I actually just tried their challenge to experiment, the first time I didn't meet the profit target and contacted them and they gave me a free retry. I passed 2 of the evaluation phases, now I'm in the live account. Just want to see how efficient how their withdrawal methods are.

So if you haven't taken their challenge I don't understand how you are able to say anything about them.

If I withdrawal without a problem il get a larger account. That's my final test for them. So far so good my end.
"Cut your loses short and let the winners Run"
  • #9,572
  • Jul 27, 2022 2:30pm Jul 27, 2022 2:30pm
Anybody else see EURUSD is coming down to new lows below 0.99 ? Because Powell knows that there will be some recession for the more rate hikes needed to calm down inflation. BUT he forgot to say or even noone asked that the inflation is more supply and energies driven, not by demand so much, so it is more difficult to get inflation down. So more hikes would be needed. That is I see actually not priced in. Anybody else ? In correlation terms it means Gold, AU and SPX also goes down further to some extent, anybody else sharing his opinion please ? On ETH there is a probable merge in some weeks, so that could be a kind of low now. Not sure. hm...?
  • #9,573
  • Edited 2:57pm Jul 27, 2022 2:44pm | Edited 2:57pm
Quoting TrAndy1
Anybody else see EURUSD is coming down to new lows below 0.99 ? Because Powell knows that there will be some recession for the more rate hikes needed to calm down inflation. BUT he forgot to say or even noone asked that the inflation is more supply and energies driven, not by demand so much, so it is more difficult to get inflation down. So more hikes would be needed. That is I see actually not priced in. Anybody else ? In correlation terms it means Gold, AU and SPX also goes down further to some extent, anybody else sharing his opinion please ?...

The most likely near term direction for EURUSD is up.
The two important factors that impact EURUSD are:
1. US equity.
2. US 10 years notes.

Both of them are going up, so to drive EURUSD up。
Today Powell's comments is literally saying rate hikes is almost done, because he said natural rate is 3.00%-3.50%, and now we are at 2.50%.

"Swaps suggest that the Fed rate will peak 100 bps or less above current.
15:03 Jul 27"
https://www.financialjuice.com/home
  • #9,574
  • Jul 27, 2022 2:49pm Jul 27, 2022 2:49pm
Yes, that is what is actually expected that peak will not above 3.50%, but I do not think so, because inflation concerns are not so much demand driven this time, hm...?
Have you also watched Tony on his Macroace youtube live video the hour before rate decision, because he is also on Financialjuice ? You forgot Bund and BTP for EU,...?
  • #9,575
  • Jul 27, 2022 3:22pm Jul 27, 2022 3:22pm
Quoting meck1
{quote} I actually just tried their challenge to experiment, the first time I didn't meet the profit target and contacted them and they gave me a free retry. I passed 2 of the evaluation phases, now I'm in the live account. Just want to see how efficient how their withdrawal methods are. So if you haven't taken their challenge I don't understand how you are able to say anything about them. If I withdrawal without a problem il get a larger account. That's my final test for them. So far so good my end.
Great, would love to see your results. Did you have to wait 3 days to get your phase 2 account like most of my friends did?
  • #9,576
  • Jul 27, 2022 3:44pm Jul 27, 2022 3:44pm
Quoting Takisd
{quote} Great, would love to see your results. Did you have to wait 3 days to get your phase 2 account like most of my friends did?
Soon as I finished I contacted my account manager on telegram and told him, got the credintials after 24hrs. I noticed the live chat and telegram are the fastest means to get assistance from them.
"Cut your loses short and let the winners Run"
  • #9,577
  • Edited 10:05pm Jul 27, 2022 9:48pm | Edited 10:05pm
@Takisd

Off topic broker question...

With larger retail brokers (Tickmill, icmarkets, Gain, Oanda ect) that have direct bilateral credit agreements with banks via their PBs, can they set up a custom aggregated feed pricing in larger sizes for a customer that does 300M-600m in FX volume per month.
  • #9,578
  • Jul 28, 2022 12:01am Jul 28, 2022 12:01am
Announcement of fundednext regarding 30 seconds rule waive:
https://www.forexfactory.com/thread/...3#post14081053
  • #9,579
  • Jul 28, 2022 2:03am Jul 28, 2022 2:03am
Funded Next change rule on 15% profit share :

Update : From now on, to receive the 15% profit sharing from phase 1 and phase 2, traders will have to make at least 5% account growth in the funded account. The trader may use as many payout cycles as necessary to reach the 5% account growth target.
Some bad actors have been making the 15% bonus the whole point of taking the challenge, taking on numerous challenges just to reach the real phase, taking a few small trades, staying inactive for the rest of the days, and waiting till the first payout date to get the bonus
  • #9,580
  • Jul 28, 2022 2:38am Jul 28, 2022 2:38am
Quoting Bizziebee
Some bad actors have been making the 15% bonus the whole point of taking the challenge, taking on numerous challenges just to reach the real phase, taking a few small trades, staying inactive for the rest of the days, and waiting till the first payout date to get the bonus
-Not sure that I understand. They still have to pay for the challenge and pass the 2 phases, right? Not sure how this allows them to take advantage of anything. Unless I am missing something? Or is it that their challenges are on unrealistic/demo conditions and their funded accounts are actually realistic/live trading conditions?

All of the minimum profit/trades/days etc. rules that are put in place as a requirement for withdrawals are garbage. Firms use this as a tactic to avoid payouts. Even firms that have 1-month or 2-week payout periods are not thinking about the best interests of their traders, especially if they have some rules that prevent the trader from taking all of their profits out that were above the initial balance. The more time between payouts means the more chance that traders will blow their account and not receive a payout.

If a firm really cares about their traders, then they should want to provide a quick and easy, automated withdrawal process, with no limits in place that would prevent their traders from making withdrawals as often as they like etc.. Unless traders speak up, firms may have little obligation to change things for the better.
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