Prop Firm Hub

But it also seems that no prop firm started with their own server at the beginning. They all used to have a broker. Only when they have grown much then they switched.

Not exactly, as you have to have a lot of flow to order match and get spreads below institutional levels, which are higher than retail.

we can agree to disagree, but I would personally go to the tier-above retail brokerages, eightcap, IC markets etc. if I wanted to 1. start a prop firm or 2. want to have access to raw spreads

https://forexpropreviews.com/which-p...-use-eightcap/

Proprietary trading firm Partnered with Eightcap


BuoyTrade Eightcap
Digital Pit Eightcap
Leveled Up Society Eightcap
FTUK Eightcap
Funded Academy TradersWay, FxChoice, TC Bridge, Eightcap
Funded Trading Plus Eightcap
FundedNext Eightcap
Ment Funding Eightcap
SurgeTrader Eightcap
The Funded Trader Program Purple Trading Seychelles, Eightcap

-------------------------------------------------------------------------------

https://forexpropreviews.com/which-b...rop-firms-use/

Proprietary trading firm Forex Brokers


Alphachain Tier-1 Liquidity Provider with Direct Market Access
Audacity Capital Tier-1 Liquidity Provider with Direct Market Access
Blue Guardian Capital Purple Trading Seychelles
BluFX Eternity Global
BuoyTrade Eightcap
City Traders Imperium Tier-1 Liquidity Provider with Direct Market Access
Digital Pit Eightcap
E8 Funding Tier-1 Liquidity Provider with Direct Market Access
Fidelcrest Fidelcrest Markets
Finotive Funding Finotive Markets
Leveled Up Society Eightcap
FTUK Eightcap
FTMO Tier-1 Liquidity Provider with Direct Market Access
Funded Academy TradersWay, FxChoice, TC Bridge, Eightcap
Funded Trading Plus Eightcap
FundedNext Eightcap
FundYourFX Tier-1 Liquidity Provider with Direct Market Access
Lux Trading Firm Global Prime
Ment Funding Eightcap
My Forex Funds Traders Global Group
Nations Trading FX Live Capital
OspreyFX OspreyFX (They are also a brokerage)
SurgeTrader Eightcap
The Funded Trader ProgramPurple Trading Seychelles, Eightcap
The5%ers Tier-1 Liquidity Provider with Direct Market Access
ThePropTrading The Brokers Capital
Top Tier Trader Vital Markets
Traders Central TC Bridge
True Forex Funds Tier-1 Liquidity Provider with Direct Market Access

So BluFX which has a good reputation out of London uses Eternity Global as their broker, so they cannot be such shady or what do you think then about parent prop?

City Traders Imperium use https://www.cb-technologies.com/ , I am assuming a lot of those Tier-1 LP with DMA use similar companies to this and Finalto https://www.finalto.com/

BuoyTrade is very very suspicious.

Let's take a look at their original website:

It states it is registered in Singapore! That's good because Singapore is a very tightly-regulated country and considered a financial and banking hub of Asia. However, when you Googled their Singapore "registered" address, what you get is:

Now, I know virtual offices are very very common all around the world. However, if you were to again Google the governing body of Singapore-Monetary Authority of Singapore (MAS), you would realize that the country makes it mandatory for any companies dealing with financial services to possess a physical office.

And soon after, look at what BuoyTrade did?


Hocus Pocus, their "Singapore address" has disappeared.

If this doesn't sound off alarm bells, I don't know what will.

-Someone is going to love you for sharing all of their affiliate links here.

That was no intention as I just copied and pasted it from the website without further thought. Next time I will care. I have it corrected now. I hope everyone is satisfied.

Great advice from someone who probably has more "behind the scenes" broker experience than ALL OF US put together.

Just in chat with telegram EternityGlobalFX, anything I should ask them now ? They are not related to the Eternity Global Ltd. Broker in Vanuatu. That is good to know.

Question: Do you have kind of official agreement between IC Markets your broker and you as prop firm ? Because it seems only Eightcap as broker to any prop firm, and not IC Markets. What can you say here ?

Answer: "We are not using their liquidity , what we do with them is, our investors accounts having with them."

Me, [07.10.2022 16:06]
How many customers you had with payouts so far ?
Eternity Global FX, [07.10.2022 16:06]
we have done a lot of payouts
Eternity Global FX, [07.10.2022 16:06]
most of them lost their accounts
Me, [07.10.2022 16:06]
Tell me more please. That is most important part.
Eternity Global FX, [07.10.2022 16:07]
we have included most consistent traders in the web
Me, [07.10.2022 16:07]
please any stats you can tell me ?
Eternity Global FX, [07.10.2022 16:07]
we have made close to 0.5 Mn payouts
Me, [07.10.2022 16:08]
too how many traders ?
Eternity Global FX, [07.10.2022 16:08]
currently having less than 100 active customers
Eternity Global FX, [07.10.2022 16:08]
active traders
Eternity Global FX, [07.10.2022 16:08]
this number go up and down everyday
Me, [07.10.2022 16:08]
100 active traders or traders with payouts ?
Eternity Global FX, [07.10.2022 16:08]
active members
Eternity Global FX, [07.10.2022 16:09]
more than 100 people got the payouts
Eternity Global FX, [07.10.2022 16:09]
but only few of them keep remain active
Me, [07.10.2022 16:09]
Do you hedge your positions or not at all when traders have funding account status ?
Eternity Global FX, [07.10.2022 16:09]
we do many things
Eternity Global FX, [07.10.2022 16:10]
to be honest
Eternity Global FX, [07.10.2022 16:10]
not limited to hedge
Eternity Global FX, [07.10.2022 16:10]
copy trading
Me, [07.10.2022 16:10]
What does this mean please ?
Eternity Global FX, [07.10.2022 16:10]
opposite side trading
Eternity Global FX, [07.10.2022 16:11]
as you know 90% people fail in this forex market
Eternity Global FX, [07.10.2022 16:11]
so we use your traders opposite way in our live accounts
Me, [07.10.2022 16:11]
I know.
Eternity Global FX, [07.10.2022 16:11]
example
Me, [07.10.2022 16:06]
How many customers you had with payouts so far ?
Eternity Global FX, [07.10.2022 16:06]
we have done a lot of payouts
Eternity Global FX, [07.10.2022 16:06]
most of them lost their accounts
Me, [07.10.2022 16:06]
Tell me more please. That is most important part.
Eternity Global FX, [07.10.2022 16:07]
we have included most consistent traders in the web
Me, [07.10.2022 16:07]
please any stats you can tell me ?
Eternity Global FX, [07.10.2022 16:07]
we have made close to 0.5 Mn payouts
Me, [07.10.2022 16:08]
too how many traders ?
Eternity Global FX, [07.10.2022 16:08]
currently having less than 100 active customers
Eternity Global FX, [07.10.2022 16:08]
active traders
Eternity Global FX, [07.10.2022 16:13]
so which account going to have with us
Eternity Global FX, [07.10.2022 16:13]
challenge or instant
Me, [07.10.2022 16:13]
both are interesting for me.
Eternity Global FX, [07.10.2022 16:13]
yes
Me, [07.10.2022 16:14]
Example you wanted to give is ?
Eternity Global FX, [07.10.2022 16:14]
challenge is less expensive
Eternity Global FX, [07.10.2022 16:14]
i mean reverse trading
Me, [07.10.2022 16:14]
So you do a lot of reverse trading right ?
Eternity Global FX, [07.10.2022 16:14]
yes
Me, [07.10.2022 16:14]
Thus you can offer such cheap prices right ?
Eternity Global FX, [07.10.2022 16:14]
in our live accounts
Eternity Global FX, [07.10.2022 16:14]
we are not depend on the fee
Eternity Global FX, [07.10.2022 16:15]
as i mentioned we have losing traders more than winning traders
Eternity Global FX, [07.10.2022 16:15]
we work as market maker broker
Me, [07.10.2022 16:15]
And what is if someone is really good, having a super month, doing 100k profits on a 400k challenge account, what do you do then ?
Eternity Global FX, [07.10.2022 16:15]
most times
Eternity Global FX, [07.10.2022 16:16]
we can handle that
Me, [07.10.2022 16:16]
and what about money behind you ? What can you say here ?
Eternity Global FX, [07.10.2022 16:16]
we are not depending on a CEO
Eternity Global FX, [07.10.2022 16:16]
who have money
Eternity Global FX, [07.10.2022 16:17]
we have set of investors
Me, [07.10.2022 16:17]
But that does not mean you need no money at all to start such a firm or ?
Eternity Global FX, [07.10.2022 16:17]
they have live accounts with IC Market
Eternity Global FX, [07.10.2022 16:17]
yes, we need prop firm here to have more trades
Eternity Global FX, [07.10.2022 16:17]
more trades means more money
Eternity Global FX, [07.10.2022 16:18]
with this concept we are sharing our risk
Eternity Global FX, [07.10.2022 16:18]
with many traders and trades
Me, [07.10.2022 16:19]
What is max instant funding account size having some accounts ? And for challenges ?
Eternity Global FX, [07.10.2022 16:19]
instant its 50k
Me, [07.10.2022 16:19]
and how many 50k instant I can have ?
Me, [07.10.2022 16:20]
only one ?
Eternity Global FX, [07.10.2022 16:20]
you can have any
Eternity Global FX, [07.10.2022 16:20]
even if we say no, people still can buy under many names
Me, [07.10.2022 16:20]
No I mean if 50k instant is already the max IN TOTAL ?
Eternity Global FX, [07.10.2022 16:20]
so having such rules is a joke in this online world
Me, [07.10.2022 16:20]
and about the challenges, what is max size in total ?
Eternity Global FX, [07.10.2022 16:21]
no such limit
Me, [07.10.2022 16:21]
How automated are you, KYC, going from Phase 1 to 2 and funded if doing the challenge. And how automated are the payouts ?
Eternity Global FX, [07.10.2022 16:22]
we prefer crypto
Eternity Global FX, [07.10.2022 16:22]
for payouts
Me, [07.10.2022 16:22]
I do not have any crypto, other methods ?
Eternity Global FX, [07.10.2022 16:22]
we can do bank wire
Me, [07.10.2022 16:23]
SWIFT ?
Eternity Global FX, [07.10.2022 16:23]
yes
Me, [07.10.2022 16:23]
good.
Me, [07.10.2022 16:24]
How long are you in business right now, any future plans ?
Eternity Global FX, [07.10.2022 16:24]
close to one year
Me, [07.10.2022 16:25]
and IC markets is allowing a huge number of accounts ?
Eternity Global FX, [07.10.2022 16:26]
its ok
Me, [07.10.2022 16:26]
ok
Me, [07.10.2022 16:26]
Thanks so far.
Me, [07.10.2022 16:27]
Will think about your offers.
Eternity Global FX, [07.10.2022 16:27]
sure////
Eternity Global FX, [07.10.2022 16:27]
sure....

-I assumed as much. Makes no difference to me, personally. I only mentioned it because I wasn't sure what the forum rules were and I didn't want you to get slapped for doing something unknowingly naughty.

So I found out via chat in telegram they are doing reverse trading on live accounts, because most traders do loose anyway they say. Even when there are some very profitable traders they can handle it. That is their key of having such cheap prices. Never heard of any other prop who is doing reverse trading of traders trades at all.

They also said that it is possible to contact their customers on their webpage who have been their most consistent traders. They got payouts, so lets talk with them now.

So I have contacted all four traders who got a payout or some from them. I hope some can appreciate my efforts here, to find out if this prop EGFX is a legit prop firm.

Anything special I should ask the first trader from them now ?

Me, [07.10.2022 16:33]
Hello, I wanted to contact you about Eternity Global FX Prop firm. Did you get your payouts without much problems ? How fast where they ? Any bigger amount too ?
Austin Egno, [07.10.2022 17:03]
Hi
Me, [07.10.2022 17:04]
Hi
Austin Egno, [07.10.2022 17:04]
Yes they are paying well
Me, [07.10.2022 17:04]
How many payouts you got so far ?
Austin Egno, [07.10.2022 17:04]
Send me your email id
Austin Egno, [07.10.2022 17:04]
I will forward them to you
Austin Egno, [07.10.2022 17:04]
Give me few min
Me, [07.10.2022 17:04]
Thanks, anything you can say about them ? Your experience ?
Austin Egno, [07.10.2022 17:05]
I think they are very smart
Me, [07.10.2022 17:05]
Because ?
Austin Egno, [07.10.2022 17:05]
I see all other prop firms looking for fee income
Austin Egno, [07.10.2022 17:06]
They not thinking about it
Me, [07.10.2022 17:06]
they are profitable only with reverse trading you mean ?
Austin Egno, [07.10.2022 17:06]
i asked about that
Austin Egno, [07.10.2022 17:07]
they are making huge profits with it i feel
Austin Egno, [07.10.2022 17:07]
anyway they pay us too
Austin Egno, [07.10.2022 17:07]
no need to worry even if you are profitable
Me, [07.10.2022 17:07]
How did they pay you, crypto or paypal or ?
Austin Egno, [07.10.2022 17:07]
i like crypto
Austin Egno, [07.10.2022 17:08]
bank wire take two three days
Me, [07.10.2022 17:08]
You have cTrader and IC Markets $7rtl commission and trading conditions right ?
Austin Egno, [07.10.2022 17:08]
i use mt4
Me, [07.10.2022 17:08]
Do you have instant or made challenges ?
Austin Egno, [07.10.2022 17:08]
i m having instant
Me, [07.10.2022 17:08]
50k ?
Austin Egno, [07.10.2022 17:08]
i will go for 400k challenge soon
Austin Egno, [07.10.2022 17:09]
yes 50k
Austin Egno, [07.10.2022 17:09]
instant
Me, [07.10.2022 17:09]
How long so far been with them ?
Austin Egno, [07.10.2022 17:09]
i joined three months ago
Austin Egno, [07.10.2022 17:09]
fee of all the prop firms i think its really high
Austin Egno, [07.10.2022 17:09]
this firm has the fair price
Austin Egno, [07.10.2022 17:10]
that is good for everyone
Austin Egno, [07.10.2022 17:11]
as long as fee is high its like we are doing real trading with small account
Austin Egno, [07.10.2022 17:11]
always we need to catch the fee
Me, [07.10.2022 17:11]
and they never delayed or asked questions when payout time has come ?
Austin Egno, [07.10.2022 17:11]
no
Austin Egno, [07.10.2022 17:11]
no silly rules
Me, [07.10.2022 17:11]
Good
Austin Egno, [07.10.2022 17:12]
pay them with crypto
Austin Egno, [07.10.2022 17:12]
you will get a discount
Austin Egno, [07.10.2022 17:12]
10% or so
Me, [07.10.2022 17:12]
do not have any cryptos sorry.
Austin Egno, [07.10.2022 17:12]
i see
Austin Egno, [07.10.2022 17:12]
then use your card
Me, [07.10.2022 17:13]
Ok, let me see what you can send by email. Thank you so far.
Austin Egno, [07.10.2022 17:13]
i m sending it
Austin Egno, [07.10.2022 17:14]
you prefer challenge ?
Me, [07.10.2022 17:14]
instant first
Me, [07.10.2022 17:14]
because no stress at the beginning
Austin Egno, [07.10.2022 17:14]
yes
Me, [07.10.2022 17:15]
Got your first email. One payout so far ?
Austin Egno, [07.10.2022 17:15]
i sent two
Me, [07.10.2022 17:15]
I can only see the certificate for $385
Austin Egno, [07.10.2022 17:15]
you need my crypto proof too
Me, [07.10.2022 17:16]
could you also send me screenshot of it too please ?
Austin Egno, [07.10.2022 17:16]
okay
Austin Egno, [07.10.2022 17:16]
my crypto email is different email
Me, [07.10.2022 17:16]
no problem
Austin Egno, [07.10.2022 17:16]
wait i m looking for it
Austin Egno, [07.10.2022 17:17]
i will send you SS
Me, [07.10.2022 17:17]
thx
Austin Egno, [07.10.2022 17:17]
i dont have that email in my phone, its with my pc
Austin Egno, [07.10.2022 17:17]
i will send it ones i go home
Austin Egno, [07.10.2022 17:17]
it wont take long
Me, [07.10.2022 17:18]
ok
Austin Egno, [07.10.2022 17:18]
have a nice day, i will chat again soon
Me, [07.10.2022 17:18]
Have a nice evening too.

Takisd had alluded to this earlier. It basically B-Booking and its the only way prop firms can make any money to pay out large sums.

I got this from him. The other crypto payout he will send later today. Then I will attach it again here for your interest.

No, they are not only b-booking they do copy trades by reverse trading. So they go the opposite position of traders position in active way and not passive. Difference.