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  • #11,301
  • Oct 7, 2022 2:57pm Oct 7, 2022 2:57pm
It is only the second cheapest offer.
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  • #11,302
  • Oct 7, 2022 2:58pm Oct 7, 2022 2:58pm
Quoting pipmaster77
{quote} What makes me really suspicious here, is you are an engineer, you have demonstrated above average intelligence here in this thread. Noone of your intelligence would be falling for this bullshit. What gives here bud?
It is only the wish this should be real. I have been looking for positive arguments what speaks for them. But of course as you mentioned there are some obvious contras.
  • #11,303
  • Oct 7, 2022 3:09pm Oct 7, 2022 3:09pm
Just a question for the older prop traders. Who had similar offers to MyForexFunds when they started ? I do not mean not legit ones like FundingTalent etc. Because their offer is more than twice as good in value from score than FTMO offers. So if MFF was the only one they changed the industry with new generous offer to all of us once ? If that is true then why it cannot be that every two or three years new prop firms can come around the corner with again twice as good offers than actual best one as a kind of evolution process over time ? Who says that MFF offers are the end of story at all from all props for all times ? MFF beside challenges also have strange offers, which are definitely not worth a look. So the whole prop firm MFF is not a totally solid firm when they have bad offers too. Why are they offering then to us too ? These are only a few questions I have about the past history. When FTMO came out several years ago they also had no own server and their offers only has a score around 3.
  • #11,304
  • Oct 7, 2022 3:12pm Oct 7, 2022 3:12pm
Quoting TrAndy1
Just a question for the older prop traders. Who had similar offers to MyForexFunds when they started ? I do not mean not legit ones like FundingTalent etc. Because their offer is more than twice as good in value from score than FTMO offers. So if MFF was the only one they changed the industry with new generous offer to all of us once ?

funding talent, blufx, t4t topstep, 5ers and a few others... MFF was the cheaper and more personable of the list. Even today, FTMO I feel are cold despite them paying me.
  • #11,305
  • Oct 7, 2022 3:19pm Oct 7, 2022 3:19pm
But there is a huge difference between the prop firms you have mentioned and MFF. The score of MFF is more than double as good than all the others to that past time. So why it cannot be after ~2 more years that the whole prop firm thing got again more efficient again (like Moores Law on chips) and new better offers come around ?
  • #11,306
  • Oct 7, 2022 3:22pm Oct 7, 2022 3:22pm
When I recall correctly what I read, the most new users MFF got to that time they got them from FundingTalent leaving the sinking ship or ? And they only have chosen MFF because of the low and cheap offers they had for their challenges (only that offers) to that time ? So there is no sinking big ship today but why not again evolution? I mean MFF was not ready by far for that storm of new users they got and they really had very bad customer support. Why most FT traders did not join proven FTMO ?
  • #11,307
  • Oct 7, 2022 3:32pm Oct 7, 2022 3:32pm
Just make an assumption in mind if MFF or TFTP would close their doors, where would the majority of their traders join ? I would say it cannot FTMO as it was not FTMO when FundingTalent closed the doors. And MFF was a newcomer to that time and not very popular at all with many inhouse problems too. Just think MFF and TFTP would be not there from one day to another, where would traders go then ? All to TFF ? Do not think so. And FTMO really ? Then I would not understand the past history here. Why then the majority of traders decided to join MFF despite they were new 2 years ago with an offer looking to good to be true at that time and Canadian firm too?
  • #11,308
  • Oct 7, 2022 3:32pm Oct 7, 2022 3:32pm
Maybe they are actually in Iceland? Could explain the bad grammar
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  • #11,309
  • Oct 7, 2022 3:40pm Oct 7, 2022 3:40pm
Quoting TrAndy1
It is only the second cheapest offer. {image}
yeah, I'm gonna set me up my prop firm on Wall Street.
  • #11,310
  • Oct 7, 2022 3:45pm Oct 7, 2022 3:45pm
Quoting TrAndy1
But there is a huge difference between the prop firms you have mentioned and MFF. The score of MFF is more than double as good than all the others to that past time. So why it cannot be after ~2 more years that the whole prop firm thing got again more efficient again (like Moores Law on chips) and new better offers come around ?
There is only so much that can be done to make it profitable for both the trader and firm. I do not believe there will ever be instant funding with a score higher than 1, as far as challenge/eval models....not sure what can be done. It's kind of like apple....every year they come out with a new phone and they market it like it's the best thing ever......how much more can we do to a phone? How much more can we do to these props?
  • #11,311
  • Oct 7, 2022 3:45pm Oct 7, 2022 3:45pm
Now I understand their physicaladdress.com office presence as they are located in iceland in reality ? Street: Kalkofnsvegur 2, Capital City: Reykjavik, Iceland. Hmm...
https://www.whois.com/whois/eternityglobalfx.com
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  • #11,312
  • Oct 7, 2022 3:48pm Oct 7, 2022 3:48pm
Quoting pipmaster77
{quote} There is only so much that can be done to make it profitable for both the trader and firm. I do not believe there will ever be instant funding with a score higher than 1, as far as challenge/eval models....not sure what can be done. It's kind of like apple....every year they come out with a new phone and they market it like it's the best thing ever......how much more can we do to a phone? How much more can we do to these props?
But what was competitive advantage of MFF two years ago when they started ? They had much cheaper offers than whole market to that time. What was main reason ?
  • #11,313
  • Oct 7, 2022 3:48pm Oct 7, 2022 3:48pm
Quoting TrAndy1
Just make an assumption in mind if MFF or TFTP would close their doors, where would the majority of their traders join ? I would say it cannot FTMO as it was not FTMO when FundingTalent closed the doors. And MFF was a newcomer to that time and not very popular at all with many inhouse problems too. Just think MFF and TFTP would be not there from one day to another, where would traders go then ? All to TFF ? Do not think so. And FTMO really ? Then I would not understand the past history here. Why then the majority of traders decided to join MFF despite...
I am 100% sure it will be TFF or FTMO as opposed to some of these firms popping up in here lately
  • #11,314
  • Oct 7, 2022 3:52pm Oct 7, 2022 3:52pm
Quoting pipmaster77
{quote} I am 100% sure it will be TFF or FTMO as opposed to some of these firms popping up in here lately
But again it does not explain the high rise of MFF to that time 2 years ago (being Canadian firm like FundingTalent). Why did so many join MFF to that time? Price only?
  • #11,315
  • Oct 7, 2022 3:54pm Oct 7, 2022 3:54pm
Quoting TrAndy1
{quote} But what was competitive advantage of MFF two years ago when they started ? They had much cheaper offers than whole market to that time. What was main reason ?
Well, they probably looked at very successful FTMO and said those profit margins are HUGE, we could provide a slightly better offer, have less profit margin but make it up with more volume of traders. In other words, FTMO is a greedy pig (no offense, I love FTMO), the new firms came along and said we can be not as greedy pigs so offers are a bit better. However, at some point the offers can not get any better or the firm doesn't make money....if they don't make money, they don't exist.
  • #11,316
  • Oct 7, 2022 4:09pm Oct 7, 2022 4:09pm
Quoting TrAndy1
Instant funding with score of ~4, which is good. Spreads and trading conditions are from IC Markets. One of the best instant funding offers. Good trustpilot score too. https://overviewfundingprogram.com/ https://www.trustpilot.com/review/ov...ingprogram.com
The 3 days a week rule cannot prove consistency. Bullshit nonsense. And As a side note, do not dare to go on vacation or be sick for 4 days!
To me, it seems just a forced hurdle.

It smells....

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  • #11,317
  • Oct 7, 2022 4:12pm Oct 7, 2022 4:12pm
Quoting TrAndy1
{quote} But again it does not explain the high rise of MFF to that time 2 years ago (being Canadian firm like FundingTalent). Why did so many join MFF to that time? Price only?

they were transparent and showed character. They basically felt more comfortable. The funding talent thing brought them success for sure because they were a cheaper option. But back then the market was also significantly smaller than it is now. Prop market now is massive compared to when MFF grew up (about 1.5 yrs ago). Now we have like 6 players who are broker size. Most of them are run by people who have no market knowledge of value. The other thing MFF did was not become Funding talent and pay. They paid a lot and put the numbers out and people liked that. TFTP and TFF just copied them, TFTP went a bit further with the social media though and are like instagrammer level, TFF decided to go a better route and stay in their lane and provide a decent service but MFF in my eyes still beats them because of the human factor. TFTP I have voiced my opinion, i took them as my third but after their whole party in florida video and worshipping of cue banks I decided not to max out with them.

If I was to advise anyone on prop firms, it would still be, get funded at FTMO or MFF, then go for your TFF e8 TFTP's then if you really are bored go for anyone else. But the space is crowded now, soon the rugs will start being pulled and the scams will come.
  • #11,318
  • Oct 7, 2022 4:24pm Oct 7, 2022 4:24pm
Quoting TrAndy1
{quote} But again it does not explain the high rise of MFF to that time 2 years ago (being Canadian firm like FundingTalent). Why did so many join MFF to that time? Price only?
Price was lower, 8% target instead of 10%, DD of 12% instead of 10%, extension to 60 days on phase 1
  • #11,319
  • Oct 7, 2022 4:30pm Oct 7, 2022 4:30pm
Quoting pipmaster77
{quote} Well, they probably looked at very successful FTMO and said those profit margins are HUGE, we could provide a slightly better offer, have less profit margin but make it up with more volume of traders. In other words, FTMO is a greedy pig (no offense, I love FTMO), the new firms came along and said we can be not as greedy pigs so offers are a bit better. However, at some point the offers can not get any better or the firm doesn't make money....if they don't make money, they don't exist.
I agree with you entirely. As Takisd has pointed out, the prop firm space is now very big and with all the data that these firms have now on traders, any new firm that wants to go to the top will have to pull out some masterstroke like when apple launched the 1st smartphone. New firms are experimenting with the instant funding option because it seems the model challenge cant really be improved that further and still make profits out of it. Maybe one firm will crack the magic formula and make instant funding work but the maths is really not on it's side. Since most traders lose and a lot of them go big with 1 trade, giving them instant live accounts for a small fee just doesn't economic sense or profits in the long run.
  • #11,320
  • Oct 7, 2022 4:43pm Oct 7, 2022 4:43pm
If cheaper price and having a better score for MFF was the main reason 1.5 years ago that so many joined, how do we know what are their profit margins ? How do we know it is not possible to be more efficient, more automated, having a better copy trading algorithm, having indepth market knowledge and being traders, and so on, that even much cheaper offers with again double score of the actual MFF offers around 7 then 12 or 14 like autoproptraders or GoatfundingFX or EGFX are impossible ?
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