{quote} Please, please,please go back and read my posts (and others) on instant funding. The eval models give approx 20X ...10K DD for $500 fee. Even after you flip in phase 1 (10% target with 10%DD) and 50% in phase 2...your fee of $500 would be $1250 in a personal account, instead you have 10K DD with eval style prop. Instant funding YOU START with a fee equal to your DD. Now the real scammy part.......make 10% with 6% DD...so in simple terms make $1000 with $600 and we double your $600DD to $1200...in a personal account you'd have 1600.....it...
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I understand your point and calculations now.
But what about the psychological factor to have no rules in your own account and make bankrupt with high leverage?
I mean, you should give a value to this too, or don't have metrix, or other things can give you an inspiration to keep consistency.
In few words, looking at your table would be better just to start with a 5K account and wait to be millionaire let's say in 1 year?
In the case of bad score like Instant Funding example above
please can you give me the same table for the best score E8 to understand how would be this table?
Below is the spreadsheet that shows the value you receive after completing targets of evaluations and factoring in profit split % vs. trading the fee in your own account. The number is simply a multiplier of what the prop gives you vs. what you would have in your own account. As you can see, the instant funding is a negative value, you actually GIVE MONEY AWAY using them. The sheets are actually on PAGE 1 of this thread. {image} Now simply take this sheet and filter with trading conditions, 100% payout record and straight forward rules and you will...
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Unfortunately I have hurry and not so much time left for due dilegence
I believe in your job and better to study what you did
can you upload please an excel file of this table, so I can extract the best brokers and add in my table the "best score" as per your job
{quote} Unfortunately I have hurry and not so much time left for due dilegence I believe in your job and better to study what you did can you upload please an excel file of this table, so I can extract the best brokers and add in my table the "best score" as per your job if you can plase add the score of FTUK or other missing if I lost one a part of FTUK in my table https://docs.google.com/spreadsheets...it?usp=sharing
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This was not my work. TrAndy created the spreadsheet. It is posted several times throughout this thread. Just search TrAndy posts
{quote} This was not my work. TrAndy created the spreadsheet. It is posted several times throughout this thread. Just search TrAndy posts
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ok I will try to find it
and understand how to calculate alone also to double check and go ahead for me, and you, alone, trying to help in the future.
people calculate in a different manner, and with different ideas, to understand this I will need days, so I will take my time to find a "score" system.
Now we have a bigger problem.
For scalpers doing 100+ lots per day the commission is a waste of thousands dollars per month 10.000$ + for 100 lots per day.
So Cititradersimperium has 4.5% per lot fee!!! this mean almost 1 PIP round turn to add the spread...
this would make already a ban.
Also E8 if you says the fee is 0.005% this mean like 5$ per lot or 10$ round turn. Is it a ban?
{quote} Just did one....you select payouts from the menu, if one is available, there will be a configure button. It will then display max allowed, you can take all or partial, select method (Deel is only option). Stated it would be within 24 hours, so I believe I will be down 1 trading day (today). I will update if something different occurs.
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Money in deel already. Under 5 hours from request to it being in deel. Account still inactive, though, TFF has not updated it.
Citytrader the most expensive $4.5 that makes scalping and high volumes completely a waste of money
Also E8Funding with a 0.005% fee means 5$ per lot, even worse (Am I wrong?)
the no commissions are: The Prop Trading and Fidelcrest (to check the spreads first, and for TPT we know it is dangerous right now, and FidelCrest is expensive as targets, so nothing there)
Now that I have a view of commissions, I need to remember which are the best and tight spreads of the one have best commissions.
FTMO I made and passed free trials so was fine there.
Looking at commissions for an high volume scalpers what do you suggest then?
MFF
FTMO
TFT
the5ers
This 4 is my idea then because I'm in the range of 1.5-2.5 to go to FT+ would mean already lose another 1$ or 1.5$ from others
So let's say that in FTMO I made in 5 days with a 25K account 132 lots, this would mean that in TFT with a 400K account I could arrive easily to make
around 5000 lots per month or even more. 5000x1.5$ are 7500$ per month and 90000$ per year.
I could specialise in swing strategy with less volumes, but for now I'm a very high volume trader and scalper, so I feel more safe with high volumes, high winning ration, and strong risk management (let's say strong, but you know the job).
Would be better for me to think to the lowest commission? at the end this is all money left to the broker or prop firm...
And this is where they make huge profit, where traders prefers to scalp, no overnight, no weekends.
{quote} Money in deel already. Under 5 hours from request to it being in deel. Account still inactive, though, TFF has not updated it.
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They sending a new account after every payouts. At least for now. In the future, I hope there will be something similar to MFF where profits are simply deducted from the account. Btw I always received a new account the next business day after payout.
Can somebody check the column of commissions? I updated all, it seems that Funded Trading Plus has 3.5$ per lot, per side. Quite high. The best commissions are: MFF and FTMO 1.5$ the5ers 2$ TheFundedTrader $2.5 All the others goes from 3$ to 3.5$ Citytrader the most expensive $4.5 that makes scalping and high volumes completely a waste of money Also E8Funding with a 0.005% fee means 5$ per lot, even worse (Am I wrong?) the no commissions are: The Prop Trading and Fidelcrest (to check the spreads first, and for TPT we know it is dangerous right now,...
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As for the commissions - again, a great work, thanks! However, not all of us are focused on forex pairs only, for example I never traded them and currently I only trade indices. From the other prop firm discussions (Telegram and Discord) it seems quite a lot of traders trade US indices and Gold only too.
My point is - the prop firms differ even more in the commissions on indices and gold. Some do apply the same as for fx pairs, some use different amount, some offer indices and gold free of any commissions. It would be nice having this aspect somehow covered as well.
{quote} As for the commissions - again, a great work, thanks! However, not all of us are focused on forex pairs only, for example I never traded them and currently I only trade indices. From the other prop firm discussions (Telegram and Discord) it seems quite a lot of traders trade US indices and Gold only too. My point is - the prop firms differ even more in the commissions on indices and gold. Some do apply the same as for fx pairs, some use different amount, some offer indices and gold free of any commissions. It would be nice having this aspect...
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I'm not a forex trader only, but also I do indices, oil, gold, silver, vix, bitcoin, ethereum!
{quote} As for the commissions - again, a great work, thanks! However, not all of us are focused on forex pairs only, for example I never traded them and currently I only trade indices. From the other prop firm discussions (Telegram and Discord) it seems quite a lot of traders trade US indices and Gold only too. My point is - the prop firms differ even more in the commissions on indices and gold. Some do apply the same as for fx pairs, some use different amount, some offer indices and gold free of any commissions. It would be nice having this aspect...
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However I wait to know from some forex trader then what things about the commission of E8 that is more than 3 times higher of MFF.
Ok, I will do this job, I will try to sort out now the commissions on indices, gold, oil, vix
For Oil usually the spread should be below 30, eightcap is quite good at it. When is above 40 is too much.
For gold I'm not worried because usually the spread is very low, and also in indices. VIX usually the best spread should not be above 0.05, a spread above it, make it more risky and I have seen already that eight capi is around 0.1
However I contact now E8 because this fee of 0.005% seem to high, may be it is not also for forex
{quote} However I wait to know from some forex trader then what things about the commission of E8 that is more than 3 times higher of MFF
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E8 charges 0.01% rt of the traded volume on indices, eg. for US30 it is equivalent to additional 3.27 points to the spread for the total of over 5 points. MFF spread is about 1 point commission free
Edit: you can open a trial account with E8 to see and test by yourself
I only trade indices. Lots of trades with short stops. I avoid fomo news trading so I can't say anything about news execution but I'm sure you won't get good execution anywhere, well maybe on demo accounts but it's unrealistic and I think you can lose profit from such trading.
So far the good firms for me are MFF, FTMO and TFF. TFTP is good too but I don't have an account with them(upd. Just checked their discord and got confused about the commission. You can never be completely sure until you open a trade and see everything with your own eyes...) With E8 you must earn at least 5 full pips with US30 to cover the commission and spread. CTI is even worse.
Btw the big problem with indices with prop firms is that their LPs can have different contracts sizes. I mean full or mini-micro contracts. For example, CTI is $9 per 1 lot. Which means 9 pips + spread to just get 0 with us30. But for forex it's not so crazy just not good.
{quote} E8 charges 0.01% rt of the traded volume on indices, eg. for US30 it is equivalent to additional 3.27 points to the spread for the total of over 5 points. MFF spread is about 1 point commission free Edit: you can open a trial account with E8 to see and test by yourself
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the page doesn't speak about round turn.
I asked in chat, and waiting the answer.
Ok they confirmed that is not written but are "round trip"
So:
E8 Funding Forex, Metals, Oil 2.5$ per side, Indices $5 per side, Crypto 0.1% per side FTMO is 0% commissions on all what is not forex ($1.5 per side) The Funded Trader $2.5 per side for ALL markets Funded Trading Plus $3.5 per side on forex, ALL other Markets 0$ FTUK $3.5 for forex, 0% on other markets. TrueForexFunds $ 3.5 forex and gold, indices and crypto below 0.25$ per lot, OIL $2.6 lot
