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  • #11,881
  • Oct 28, 2022 12:36pm Oct 28, 2022 12:36pm
Quoting chartistpro
Myself also cleared phase 2 today.. Having problem in kyc verification..i mailed to them .. Hopefully everything will be alright {image}
I have clarified everything and live account is active...
  • #11,882
  • Oct 28, 2022 12:52pm Oct 28, 2022 12:52pm
posting your real name on the internet is not wise. Prob best to edit out your name in the certificates.
  • #11,883
  • Oct 28, 2022 1:08pm Oct 28, 2022 1:08pm
Quoting Takisd
posting your real name on the internet is not wise. Prob best to edit out your name in the certificates.
you are right
  • #11,884
  • Edited 4:22pm Oct 28, 2022 3:20pm | Edited 4:22pm
I would like to understand what is DEEL exactly

many prop firm use them for european residents in the sign up I have seen they ask you for the VAT code
Is it obligatory? This would mean complicate things like to open VAT, and make an invoice with obligation to pay taxes and contributes, in my country would be like to los 35-40% in taxes and because I usually changed my residency many times in the past year just to get the lower rates as capital gain, and being different now to get paid from a prop firm, I would understand how to organize my life in case of profits,
so my questions are this:

1. If my prop firm works with DEEL, DEEL will obligate me to furnish a VAT and make an official invoice?
2. Does DEEL support Crypto?
3. Which high quality Prop firm as payout method directly with Crypto without DEEL that should be more simple?

Update: https://docs.google.com/spreadsheets...it?usp=sharing
Please tell me if you can see my job in google docs, is shared to public
I contacted all of them and lots of prop firm are using DEEL. Unique not are TheFundedTrader that pays directly in USDC, FTMO in USDT and Fidelcrest that pay only in BTC and also their program has obstacle like MT4 only and high profit target even for phase 2.

So to me it seem that only TFT and FTMO offer direct payments in crypto. And about DEEL I need help from you to understand and after I wil try to clarify via support with them.

Please help
in holiday till end of November
  • #11,885
  • Oct 28, 2022 4:54pm Oct 28, 2022 4:54pm
Quoting pipmaster77
{quote} That's strange. E8 definitely charges commission. Matter of fact, on indices it is up to 10x higher TFF or TFTP. FTMO and MFF offer commission free index trading
That info is old before they switched servers. People were complaining about the wide spreads, so they had made a change some months ago. Honestly I could deal with the wider spreads they had before. Their commissions on indices are way too much for intraday trading. Until then they are off the table.
Trade with confidence, trade without fear.
  • #11,886
  • Oct 28, 2022 5:14pm Oct 28, 2022 5:14pm
Quoting forexbali
I would like to understand what is DEEL exactly many prop firm use them for european residents in the sign up I have seen they ask you for the VAT code Is it obligatory? This would mean complicate things like to open VAT, and make an invoice with obligation to pay taxes and contributes, in my country would be like to los 35-40% in taxes and because I usually changed my residency many times in the past year just to get the lower rates as capital gain, and being different now to get paid from a prop firm, I would understand how to organize my life...

Deel is a payroll system for contractors. Having deel kind of assures you will get paid as they direct debit the firms locally. So the transaction speed is faster, then you cna withdraw via their methods which are also fast.

They prepare tax docs but dont submit them, submission is up to you.
  • #11,887
  • Oct 28, 2022 5:37pm Oct 28, 2022 5:37pm
Quoting Takisd
{quote} Deel is a payroll system for contractors. Having deel kind of assures you will get paid as they direct debit the firms locally. So the transaction speed is faster, then you cna withdraw via their methods which are also fast. They prepare tax docs but dont submit them, submission is up to you.
are you european? but they ask you the VAT? or not? It is sufficient to be individual unemployed? or it can be an issue?

Also, I was thinking, the issue will be only if I need to withdraw the money and get paid when I'm still in a country in holiday and not moved in my definitive tax residency country I will decide. If I keep the profits in the prop account, no tax issue can arise. Correct?

However thanks for the help on DEEL.

And what about the prop firm list that do a direct payment in crypto?
Is correct my analysis that we just have thefundertrader, ftmo and Fidelcrest? (I know this one is less known, but is in Cyprus and I lived there 10 years so it's more easy to get contact there for me, if I will need a day them)
in holiday till end of November
  • #11,888
  • Oct 28, 2022 6:10pm Oct 28, 2022 6:10pm
Quoting forexbali
And what about the prop firm list that do a direct payment in crypto? Is correct my analysis that we just have thefundertrader, ftmo and Fidelcrest? (I know this one is less known, but is in Cyprus and I lived there 10 years so it's more easy to get contact there for me, if I will need a day them)
MFF also has crypto payout option.

The Prop Trading also pays in crypto but that's the firm we've been talking about in the last couple of pages. I would avoid them.
  • #11,889
  • Oct 28, 2022 6:44pm Oct 28, 2022 6:44pm
Quoting forexbali
I would like to understand what is DEEL exactly many prop firm use them for european residents in the sign up I have seen they ask you for the VAT code Is it obligatory? This would mean complicate things like to open VAT, and make an invoice with obligation to pay taxes and contributes, in my country would be like to los 35-40% in taxes and because I usually changed my residency many times in the past year just to get the lower rates as capital gain, and being different now to get paid from a prop firm, I would understand how to organize my life...
Takisd already explained deel. It is very efficient and from there withdrawal how you wish....crypto, wise,revolut, bank transfer. All of the firms I use also have direct crypto. TFF is the ONLY one I currently use which REQUIRES payment to deel.
  • #11,890
  • Oct 28, 2022 6:50pm Oct 28, 2022 6:50pm
Quoting Takisd
posting your real name on the internet is not wise. Prob best to edit out your name in the certificates.
Actually, a few years back, the most civil forum I was ever a part of was a camera enthusiast forum which required real names

Just saying, maybe Elon could do that for Twitter...

It takes a lot for me to IGNORE you, but you can try.
  • #11,891
  • Oct 28, 2022 6:58pm Oct 28, 2022 6:58pm
Quoting Capablanca
{quote} MFF also has crypto payout option. The Prop Trading also pays in crypto but that's the firm we've been talking about in the last couple of pages. I would avoid them.
I tested the demo of theproptrading and I didn't like the spread. Basically I trust only eightcap and for proprietary liquidity only the best names.
Then I read to many issues about payments, even in youtube from an italian youtuber that test prop firms.
But spread higher is very annoying.
usually I check forex, indices, gold, oil, vix.
in holiday till end of November
  • #11,892
  • Oct 28, 2022 6:59pm Oct 28, 2022 6:59pm
Quoting Capablanca
{quote} MFF also has crypto payout option. The Prop Trading also pays in crypto but that's the firm we've been talking about in the last couple of pages. I would avoid them.
I read in MFF that they use deel. So I can write on my files that MFF support direct crypto payment? And if you can tell me if they support USDT only or also USDC, just a curiosity.
in holiday till end of November
  • #11,893
  • Oct 28, 2022 7:01pm Oct 28, 2022 7:01pm
Quoting pipmaster77
{quote} Takisd already explained deel. It is very efficient and from there withdrawal how you wish....crypto, wise,revolut, bank transfer. All of the firms I use also have direct crypto. TFF is the ONLY one I currently use which REQUIRES payment to deel.
But you told me the one doesn't have. Which is the list of your firms, or the one you knows, that offer direct crypto payment?

So for now the list should be of good names:

TheFundedTrader
FTMO
MFF
(FidelCrest)

other?
in holiday till end of November
  • #11,894
  • Oct 28, 2022 8:53pm Oct 28, 2022 8:53pm
I almost finished my due diligence and almost ready to start.

I want to ask you if you know FTUK and what do you think about it.

90.000$ instant funding for less of 1000$

scale x4 each level with 10% profit target

up to 4M funding with 7 scale up, and up to

any of you used them?
in holiday till end of November
  • #11,895
  • Oct 28, 2022 11:17pm Oct 28, 2022 11:17pm
Another one https://realfundingprogram.com/
  • #11,896
  • Edited 3:09am Oct 29, 2022 2:51am | Edited 3:09am
Quoting forexbali
{quote} are you european? but they ask you the VAT? or not? It is sufficient to be individual unemployed? or it can be an issue?
There are 2 things, Tax ID and VAT ID. In Europe, every physical and legal person must have Tax ID (as they say, there are only 2 certainties in life, the death, and taxes). The VAT ID usually only applies for legal/juridical companies that satisfy some “predefined” conditions like size, legal form, yearly turnover etc. For physical person is not mandatory, but it can differ by country. You should know your local law in this matter and conform. The Deel only reflects this reality.
  • #11,897
  • Oct 29, 2022 3:45am Oct 29, 2022 3:45am
Quoting pipmaster77
{quote}TFF is the ONLY one I currently use which REQUIRES payment to deel.
TFF should still supports a bank transfer as well
Money is made by sitting, not trading
  • #11,898
  • Oct 29, 2022 3:47am Oct 29, 2022 3:47am
Quoting forexbali
{quote} I read in MFF that they use deel. So I can write on my files that MFF support direct crypto payment? And if you can tell me if they support USDT only or also USDC, just a curiosity.
MFF they also support crypto, it's stated in the site.
https://myforexfunds.com/faq/what-ar...rawal-options/

I already received through them in BTC and USDC. You can also chose LTC and ETH.
And yes, it's direct payment. You provide your crypto address and you get paid.
(I chose always crypto when that is available)
-----

A note: The Prop Trading spreads are wide but that's because they are commission free. Overall trading costs (spreads, commissions and slippage) are not much far from the others. Anyway we should not spend time discussing them as they are proving themselves as non reliable.
  • #11,899
  • Oct 29, 2022 8:21am Oct 29, 2022 8:21am
Quoting forexbali
{quote} But you told me the one doesn't have. Which is the list of your firms, or the one you knows, that offer direct crypto payment? So for now the list should be of good names: TheFundedTrader FTMO MFF (FidelCrest) other?
I only have first hand experience with FTMO and MFF. I have my first payout from TFF coming up and I have passed TFTP but waiting 9 FREAKING DAYS for my live account as I didn't do the rapid. I will take on E8 probably after the new year.
  • #11,900
  • Oct 29, 2022 8:22am Oct 29, 2022 8:22am
Quoting Vitore
{quote} TFF should still supports a bank transfer as well
Hmmmm.....I have my first payout coming up and Deel appeared to be the only option. I even confirmed it with chat. Maybe something older accounts are grandfathered into?
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