DislikedConfirmed that first time discount is ONLY for TFF and not other prop. So I updated the selective rank table again. This should be final selective rank for the next time. {image}Ignored
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
DislikedConfirmed that first time discount is ONLY for TFF and not other prop. So I updated the selective rank table again. This should be final selective rank for the next time. {image}Ignored
Disliked{quote}-There is also the Freestyle model. Although it is unique and has some advantages, it is quite restrictive compared to other offers in the space. They also have a 50-trade requirement for first withdrawal, which is not good.Ignored
DislikedThey don't have it any more because of "excessive abuse" or some such bs. Basically people quickly opened and closed a lot of small trades that were positive to meet the positive trade % ratio and the 5ers decided that they don't like that.Ignored
Disliked{quote} {image}Must consider payouts, server, conditions and reviews as well. Even better, go by the first hand experience(s) from those of us using the firms. You want value, trustworthy, reliable, no hidden rules. There are 5-6 now that are viable options, with 2 being heads and shoulders above the rest. While I completely understand folks researching for new firms, it is NOT going to improve your chances of passing. No need to look past the big ones until you have MAXED THEM to full allocation.Ignored
Disliked{quote} {image}Must consider payouts, server, conditions and reviews as well. Even better, go by the first hand experience(s) from those of us using the firms. You want value, trustworthy, reliable, no hidden rules. There are 5-6 now that are viable options, with 2 being heads and shoulders above the rest. While I completely understand folks researching for new firms, it is NOT going to improve your chances of passing. No need to look past the big ones until you have MAXED THEM to full allocation.Ignored
DislikedI have updated Post 1 with the scam list initially provided in this thread by Takisd. The list will be added too as other scam outfits come to light. Should this list exceed 50 entries I will simply attach a document/spreadsheet that contains the list and update it moving forward. If traders know or are aware of other scam Props or dodgy pass your challenge firms please let me know so I can add them to the list. KramerFX has been placed on a 1 month ban from this thread starting today for reasons I hope are obvious. Good trading, Masterrmind ................Ignored
Disliked{quote}-When I looked at this a while back, I thought that the offer looks really good, but that the website looks like it was built on a computer in a prison library. They have some iffy T&C's and are clearly set up to operate like a ponzi. Was not able to find anything regarding contract duration. They do offer paypal, so maybe someone will be brave enough to give it a try, but I wouldn't personally hold my breath on that.Ignored
QuoteDislikedWe do not provide Funds for trading, we are not brokers and don’t receive deposits.
Disliked{quote} I found it also strange good. But they offer low leverage. And you have to pass first 3% balance. This means actually if you pass this they have about 4000 dollar from you already. Also this text is from their website : {quote} Has someone used them from here. And does paypal payment offer some protection ?Ignored
DislikedIf traders know or are aware of other scam Props or dodgy pass your challenge firms please let me knowIgnored
Disliked{quote} There is still some risk even with paypal in case the firm is fraudulent itself. But Paypal offers by far the best refund policy in case anything goes wrong with that prop. But in some way it is good they offer Paypal as payment, because it means that they had not any or much refunds in the history. Otherwise I would say they would be blacklisted by paypal itself. And then you cannot choose that payment option anymore. Just be sure the paypal payment processor is true and not just picture copy of it. But other than refund there is still...Ignored
Disliked{quote} There could be some companies with new ideas for me. Trend Trading DNA has an interesting option. You start trading for your money when you achieve 3% increase of your balance. I do not know if they are reliable but this looks good, maybe too good to be true compared to the other prop firms.Ignored
Disliked{quote} So if a trader was tempted to trial as in pay a fee to a dodgy operations then only proceed if they provide PayPal as a payment option. It is still beyond my comprehension with all of the discussion on this thread regarding firms that do pay, have great conditions, offer value to the trader.......why one would be tempted to pay a fee to a dodgy operation. Do you have 2.5 mil at the 5-6 firms that WE KNOW ARE PAYING WITHOUT ISSUE?Ignored
Disliked{quote} So if a trader was tempted to trial as in pay a fee to a dodgy operations then only proceed if they provide PayPal as a payment option. It is still beyond my comprehension with all of the discussion on this thread regarding firms that do pay, have great conditions, offer value to the trader.......why one would be tempted to pay a fee to a dodgy operation. Do you have 2.5 mil at the 5-6 firms that WE KNOW ARE PAYING WITHOUT ISSUE?Ignored
Disliked{quote} Rented lambos and watch pics inside a watch store. Thats why people are tempted for these new firms.Ignored
Disliked{quote}-I know that this was discussed already, but I am curious about what your thoughts are regarding this. For example, are you wanting people to provide you with any/all pass-your-challenge services that they discover, or, just the dodgy/scammy ones? Because from my understanding, the general consensus seems to be that they all qualify as dodgy in some way. And if that is the case, I am curious as to what good providing a list would be in lieu of just slapping a big, red warning for traders to stay away from all PYC services... especially since...Ignored