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  • #9,801
  • Aug 6, 2022 10:49am Aug 6, 2022 10:49am
Quoting Thoughts
Quick question please to those in the know (preferably those funded and paid ) - From these 2 options, which do you favour: E8 Funding or True Forex Funds; and why? Aside your insights, I'm also interested in the lag time between issuing accounts once payment is made or a phase is passed; as well as the lag between payout requests and payment. Thank you very much.
I did a small 10K with TFF just to check these exact things. Phase 1 credentials were instant, phase 2 was about 24 hours, funded came within 24 hours as well including signing the contract. I blew the 10K er up, so no info beyond that lol.
  • #9,802
  • Edited 11:05am Aug 6, 2022 10:49am | Edited 11:05am
Quoting Thoughts
{quote}..Seems TTF's edge would be trading conditions, but they're needing work with operations? and (though you cant fully speak to the entire process) E8 are better organized operationally, meaning shorter lead times though trading conditions are poorer?
Quoting Takisd
The only gripe i have with TFF right now is their paid marketing campaign, paying for criticism of competitors to be included in reviews is a bit stupid. Its a pet peeve of mine, i know it exists, it doesnt mean someone doesnt pay but its in poor taste.
Could you please confirm my thesis above Takisd?

I'm not sure if I read something from you about E8 weeks ago..

And if E8 are indeed more organized, are trading conditions terrible enough to be a put off?

Thank you.
  • #9,803
  • Aug 6, 2022 10:49am Aug 6, 2022 10:49am
Quoting pipmaster77
{quote} It's exactly the same feed. TurnkeyFX is the prime. Turnkeyforex and Coinexx and several others use their feed There are basically 3 white label primes which all of the offshores use and there are 4-8 brokers using each of these.
Yes, they all charge $2/lot round turn commission and 0.2 pip spread on eur/usd.
  • #9,804
  • Aug 6, 2022 10:51am Aug 6, 2022 10:51am
Quoting pipmaster77
{quote} I did a small 10K with TFF just to check these exact things. Phase 1 credentials were instant, phase 2 was about 24 hours, funded came within 24 hours as well including signing the contract. I blew the 10K er up, so no info beyond that lol.
My Man!
  • #9,805
  • Aug 6, 2022 10:58am Aug 6, 2022 10:58am
Quoting pipmaster77
{quote} It's exactly the same feed. TurnkeyFX is the prime. Turnkeyforex and Coinexx and several others use their feed There are basically 3 white label primes which all of the offshores use and there are 4-8 brokers using each of these.
I know TurnkeyForex and Coinexx, which are the other brokers associated with them?
  • #9,806
  • Aug 6, 2022 11:06am Aug 6, 2022 11:06am
Quoting wmwmw
{quote} Yes, they all charge $2/lot round turn commission and 0.2 pip spread on eur/usd.
Up to what kind of lot size is that 0.2 spread good for ? Did you check this ? I know FXView has similar conditions but not with that lot size and they also do rejecting.
  • #9,807
  • Aug 6, 2022 11:24am Aug 6, 2022 11:24am
Quoting Thoughts
{quote}My Man!
Made the same experience. Spreads are tighter at TFF meaning you have better trading conditions there if you do some trades. E8 is little bit more faster & automated.
  • #9,808
  • Aug 6, 2022 11:30am Aug 6, 2022 11:30am
Quoting Thoughts
{quote} {quote}Could you please confirm my thesis above Takisd? I'm not sure if I read something from you about E8 weeks ago.. And if E8 are indeed more organized, are trading conditions terrible enough to be a put off? Thank you.

The e8 conditions seem to be getting worse over time. But I think in terms of reliability the two are the same. TFF looks like its ftmo's feed with a few blips here and there and a lot of quote stuffing. I think in the future we will hear a lot of TFF not paying due to X reason as its a fantasy land feed but until they are bigger its safe to say you'll be fine.
  • #9,809
  • Aug 6, 2022 11:36am Aug 6, 2022 11:36am
Quoting TrAndy1
{quote} Made the same experience. Spreads are tighter at TFF meaning you have better trading conditions there if you do some trades. E8 is little bit more faster & automated.
Thank you TrAndy!
  • #9,810
  • Aug 6, 2022 11:42am Aug 6, 2022 11:42am
Quoting Takisd
{quote} The e8 conditions seem to be getting worse over time. But I think in terms of reliability the two are the same. TFF looks like its ftmo's feed with a few blips here and there and a lot of quote stuffing. I think in the future we will hear a lot of TFF not paying due to X reason as its a fantasy land feed but until they are bigger its safe to say you'll be fine.
Invaluable as always! Much appreciated Takisd.

To be honest, I don't mind the slippage as long as its reasonable; and by reasonable I mean no more than 10 pips. Its operational efficiency that matters the most for my purposes..

I'm actually leaning towards E8, I'm thinking to test out their 250K..
  • #9,811
  • Aug 6, 2022 11:56am Aug 6, 2022 11:56am
Quoting TrAndy1
{quote} Up to what kind of lot size is that 0.2 spread good for ? Did you check this ? I know FXView has similar conditions but not with that lot size and they also do rejecting.
I don't have that information.
  • #9,812
  • Aug 6, 2022 1:09pm Aug 6, 2022 1:09pm
Now, I've never traded crypto through MT4; but is this the norm??? (i.e. those positions are still under water at the current price on chart)
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  • #9,813
  • Aug 6, 2022 1:17pm Aug 6, 2022 1:17pm
Quoting Thoughts
Now, I've never traded crypto through MT4; but is this the norm??? (i.e. those positions are still under water at the current price on chart) {image}
comission
  • #9,814
  • Aug 6, 2022 1:21pm Aug 6, 2022 1:21pm
Quoting Takisd
{quote} comission
Yes, I'm aware but is commission that size common place?
  • #9,815
  • Aug 6, 2022 1:30pm Aug 6, 2022 1:30pm
Quoting Thoughts
{quote}Yes, I'm aware but is commission that size common place?
As I stated in post #9189 trading Bitcoin with E8 is simply untenable.

And no, $50 per lot is not normal. TFF only charges about $2 a lot.
Pride always comes before destruction.... -Proverbs 16:18
  • #9,816
  • Aug 6, 2022 2:04pm Aug 6, 2022 2:04pm
Quoting Thoughts
Now, I've never traded crypto through MT4; but is this the norm??? (i.e. those positions are still under water at the current price on chart) {image}
I don't think it's normal to charge commission on crypto.
  • #9,817
  • Aug 6, 2022 2:04pm Aug 6, 2022 2:04pm
Wow!!!

Thanks Expo..

We'll see what we get Sunday evening, but E8 isn't looking so hot right now..
  • #9,818
  • Aug 6, 2022 2:07pm Aug 6, 2022 2:07pm
Quoting ohyeah
{quote} I don't think it's normal to charge commission on crypto.
I'd say it isn't unreasonable; but $50/lot is beyond extraordinary..
  • #9,819
  • Aug 6, 2022 2:13pm Aug 6, 2022 2:13pm
Quoting Thoughts
{quote}I'd say it isn't unreasonable; but $50/lot is beyond extraordinary..
It's probably a misconfiguration on the broker side. Let them know about it and they'll fix it if it's a misconfiguration.
  • #9,820
  • Aug 6, 2022 2:20pm Aug 6, 2022 2:20pm
If I owned a brokerage, I would make btc commission 100% because leveraged crypto is awful. $50 is a lot but I understand why someone would do that.
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