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  • #10,341
  • Aug 18, 2022 9:44am Aug 18, 2022 9:44am
Quoting CableJ
{quote} Here's the problem.... Ctrader is way more expensive than MT4/5 and a very small % of traders actually use it over mt4/5. So a prop/broker would be paying more for low usage which is why very few actually support it.
I understand that. Therefore I quit hoping they would ever offer it (as some used to promise) and use it on my IC Markets demo account with Duplikium. It's a pity. Yes it may be way more expensive but it is also way more advanced. Unfortunately, most traders will never find it out when nobody is going to implement it
Money is made by sitting, not trading
  • #10,342
  • Aug 18, 2022 10:09am Aug 18, 2022 10:09am
Quoting Vitore
{quote} I understand that. Therefore I quit hoping they would ever offer it (as some used to promise) and use it on my IC Markets demo account with Duplikium. It's a pity. Yes it may be way more expensive but it is also way more advanced. Unfortunately, most traders will never find it out when nobody is going to implement it
I remember seeing a couple ctrader mt4/5 bridges. Might be something to look into...

a. ICM Ctrader > ctrader/mt4 bridge > prop mt4
b. ICM Ctrader > ctrader/mt4 biddge > prop mt4 w/ copy trader > other prop mt4s
  • #10,343
  • Aug 18, 2022 10:19am Aug 18, 2022 10:19am
Quoting CableJ
{quote} I remember seeing a couple ctrader mt4/5 bridges. Might be something to look into... a. ICM Ctrader > ctrader/mt4 bridge > prop mt4 b. ICM Ctrader > ctrader/mt4 biddge > prop mt4 w/ copy trader > other prop mt4s
what do you mean ctrader/mt4 bridge? Never heard about such thing
I can use cTrader as the master account w/ Duplikium and all MT4 prop accounts like slaves so right now I do

ICM cTrader > Duplikium > all MT4 accounts

What other benefits could the bridge bring?
Money is made by sitting, not trading
  • #10,344
  • Aug 18, 2022 10:26am Aug 18, 2022 10:26am
Quoting Vitore
{quote} what do you mean ctrader/mt4 bridge? Never heard about such thing I can use cTrader as the master account w/ Duplikium and all MT4 prop accounts like slaves so right now I do ICM cTrader > Duplikium > all MT4 accounts What other benefits could the bridge bring?
It's basically the same thing, you just run the bridge locally vs Dupilkium running it on their backend. Saves on monthly fees, however a user is also paying them for technical support to solve issues that crop up.
  • #10,345
  • Aug 18, 2022 10:31am Aug 18, 2022 10:31am
Quoting CableJ
{quote} It's basically the same thing, you just run the bridge locally vs Dupilkium running it on their backend. Saves on monthly fees, however a user is also paying them for technical support to solve issues that crop up.
I see, a kind of local MAM app. I actually have one but it would have to run on VPS anyways (fees, though lower) and the sw is without support. There might be others but I doubt it would be better solution for me than Duplikium in the end, but thanks for the hint anyway
Money is made by sitting, not trading
  • #10,346
  • Edited Aug 19, 2022 10:25am Aug 18, 2022 10:42am | Edited Aug 19, 2022 10:25am
XL Trade / Chimara Limited is a scam broker / prop firm operating on MT5
They operate the following websites
trade4freedom.net
xltrade-ama.net
xltrade.net
chimara.cc

as you can see from my trading results, I generated over 18k profits. However, the broker will not allow me to make any withdrawals
I submitted a request for $5k and they sent me $1000 and this message

"AMA Accounts are complex financed structures where we provide substantial capital and cover negative balances.
Withdrawals may be rejected or limited depending on the prevailing situation. You may access the conditions here."

They will not allow you to withdraw your profit! Avoid and report them if you have also been scammed.
  • #10,347
  • Aug 18, 2022 3:23pm Aug 18, 2022 3:23pm
Do you guys have any idea of how prop firm works? Is it the same with insti trading?
  • #10,348
  • Aug 18, 2022 6:44pm Aug 18, 2022 6:44pm
Hello Masterrmind, everything ok with you? Your open trade is from 11 July.
  • #10,349
  • Aug 19, 2022 7:46am Aug 19, 2022 7:46am
Please can anyone currently trading with TrueForexFunds (TFF) give information about their spread on EURUSD and also commision charges.
Do they really offer a steady raw spread of 0.0pips?
  • #10,350
  • Aug 19, 2022 9:59am Aug 19, 2022 9:59am
Hi all, long time lurker, I've read the entire thread but don't post much. I've learned a lot and I appreciate all the knowledge that is shared on this forum. I have question on copy trading. I know some prop firms allow copy trading and some have confusing rules. From what I've learned,
1. TFT does not allow copy trading at all. 2. MFF will allow copy trading but it has the be the master account. 3. FTMO will allow copy trading. 4. TFF will allow copy trading. 5. TPT will allow copy trading.

My goal is, (I'm not there yet) is to ultimately have multiple funded accounts to reduce my risk to .5% or less and trade them all at once using a copy trading platform simliar to social trading. I will be copying my own trades. I trade on the 30 minute time frame using mt4 and I don't know if I can manage opening up multiple trades on different accounts. Another option may be to set limit or sell orders but I like to enter on market order. Any advice, personal experience would be greatly appreciated.

Thanks!
  • #10,351
  • Aug 19, 2022 10:14am Aug 19, 2022 10:14am
Quoting coastie0194
Hi all, long time lurker, I've read the entire thread but don't post much. I've learned a lot and I appreciate all the knowledge that is shared on this forum. I have question on copy trading. I know some prop firms allow copy trading and some have confusing rules. From what I've learned, 1. TFT does not allow copy trading at all. 2. MFF will allow copy trading but it has the be the master account. 3. FTMO will allow copy trading. 4. TFF will allow copy trading. 5. TPT will allow copy trading. My goal is, (I'm not there yet) is to ultimately have...

MFF allow copy trading so long as its your own trading. If they find other uses using your same trades then you will be removed. FTMO is the same and I believe TFF is the same and TFTP.
  • #10,352
  • Aug 19, 2022 10:20am Aug 19, 2022 10:20am
Quoting Okemzi
Please can anyone currently trading with TrueForexFunds (TFF) give information about their spread on EURUSD and also commision charges. Do they really offer a steady raw spread of 0.0pips?
EURUSD is almost always zero spread during London session. Usually no slippage, except in news time.
7 USD / lot commission
  • #10,353
  • Aug 19, 2022 10:45am Aug 19, 2022 10:45am
Quoting Takisd
{quote} MFF allow copy trading so long as its your own trading. If they find other uses using your same trades then you will be removed. FTMO is the same and I believe TFF is the same and TFTP.
Thanks for the information, that's good to know especially regarding MFF and TPT. I will be copying my own trades exclusively and not offering any services. I didn't know TPT allowed copying either, I thought it was prohibited. It's refreshing to know I can potentially trade all my funded accounts using one master account. My goal is to achieve funding with: MFF($600K) FTMO ($400K) TFF($400k) TPT ($600k) E8 ($300K) Finotive ($200K) TPT ($500K) which is $3million and trade them conservatively once funded. The challenge will be the challenges, no pun intended but that's my long term goal. Any thoughts, advice, similar goals would be greatly received and appreciated.
  • #10,354
  • Aug 19, 2022 11:19am Aug 19, 2022 11:19am
Quoting coastie0194
{quote} Thanks for the information, that's good to know especially regarding MFF and TPT. I will be copying my own trades exclusively and not offering any services. I didn't know TPT allowed copying either, I thought it was prohibited. It's refreshing to know I can potentially trade all my funded accounts using one master account. My goal is to achieve funding with: MFF($600K) FTMO ($400K) TFF($400k) TPT ($600k) E8 ($300K) Finotive ($200K) TPT ($500K) which is $3million and trade them conservatively once funded. The challenge will be the challenges,...

thefundedtrader not theproptrading
  • #10,355
  • Aug 19, 2022 11:43am Aug 19, 2022 11:43am
Quoting coastie0194
{quote} Thanks for the information, that's good to know especially regarding MFF and TPT. I will be copying my own trades exclusively and not offering any services. I didn't know TPT allowed copying either, I thought it was prohibited. It's refreshing to know I can potentially trade all my funded accounts using one master account. My goal is to achieve funding with: MFF($600K) FTMO ($400K) TFF($400k) TPT ($600k) E8 ($300K) Finotive ($200K) TPT ($500K) which is $3million and trade them conservatively once funded. The challenge will be the challenges,...
I'll work backwards here....
1. Funded accounts, you already have the correct approach, IMO, the entire point of acquiring that much funding is to trade with ridiculously low risk and still make a tremendous amount of money. I literally trade $5/pip per 100K on forex and $3/point on indices. Of course, I add to the position when it moves in my favor (or against me, if trade is still valid)
2. Phase 2, same approach, you have 60 days to make 5%, no need for excessive risk
3. Phase 1, as you stated, the challenge is the challenges. Here you will need a different, higher risk approach. Some folks prefer the grind it out over 30 days approach while other try to knock it out in 1 or 2 trades. Thought process on the latter is simple.....once funded, your max loss is going to be 20x what you paid and the fee is refunded, so if you take 3-4 shots to pass, you're still getting tremendous value. Of course, this all depends on how much start up capital you are willing to invest in the venture. If the end goal is 500K per year and you're confident you have a system to do so.....10-15K on challenge fees is a drop in the bucket. If money is an issue, another approach is start with smaller challenges and reinvest the profits into larger ones. Of course, now you need to factor in time, which is also a very valuable asset.
  • #10,356
  • Aug 19, 2022 12:00pm Aug 19, 2022 12:00pm
Quoting coastie0194
Hi all, long time lurker, I've read the entire thread but don't post much. I've learned a lot and I appreciate all the knowledge that is shared on this forum. I have question on copy trading. I know some prop firms allow copy trading and some have confusing rules. From what I've learned, 1. TFT does not allow copy trading at all. 2. MFF will allow copy trading but it has the be the master account. 3. FTMO will allow copy trading. 4. TFF will allow copy trading. 5. TPT will allow copy trading. My goal is, (I'm not there yet) is to ultimately have...
TFT does allow copy trading to/from/between their royal account. Their standard eval program also allowed copy trading but only as master to external accounts;.
  • #10,357
  • Aug 19, 2022 12:05pm Aug 19, 2022 12:05pm
From FTMO thread:

Starting from Saturday, 20 August 2022, MT4 and MT5 platforms will calculate free margin based on the account balance instead of the account equity.
Going forward, our maximum order size for Forex pairs will be set to 50 lots (only applicable to MT4 and MT5). If you would like to open a bigger position, you will have to simply submit another market order.

Opinions/concerns?

Obviously, the calculation of free margin will prevent one from maxing out on a winning position. Looks pretty obvious, IMO, they are trying to limit the huge payouts.
Not enough new challenges to fund the recent huge payouts? Model not sustainable without making some adjustments?
I trade small, so no concern to me.
Can also be viewed as a positive as they are making adjustments to mitigate risk and keep model sustainable long term?
  • #10,358
  • Aug 19, 2022 12:12pm Aug 19, 2022 12:12pm
Quoting Takisd
{quote} thefundedtrader not theproptrading
Ok, thanks
  • #10,359
  • Edited 12:30pm Aug 19, 2022 12:13pm | Edited 12:30pm
MFF is just as big as FTMO, if not bigger now. FTMO's largest payouts vs MFF have been eyebrow raising lately. Strong trends with no/minimal corrections like recently in JPY or currently in the indices lead to big payouts by aggressive high risk traders. As you said, sounds like they are taking steps to reign in those massive 6 figure payouts.
  • #10,360
  • Aug 19, 2022 12:20pm Aug 19, 2022 12:20pm
I was thinking about something..... is it even possible for these props to B book? Unlike a broker, there is no trader capital on deposit to withdraw B book wins from. The prop would have to go to market to make money on the opposite trade. With the volume some traders are putting on, could they even go to market without incurring huge slippage on every fill?
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