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  • #12,261
  • Nov 6, 2022 11:01am Nov 6, 2022 11:01am
Quoting Paulscaff1
Any if you guys heard about an MFF rule or "hidden" rule that states that you cant merge and already merged account. For Example....if you have already merged 2 x 50k accounts and now have a 100k account, you can not add/merge any nore accounts onto this as it has already been done once?
rapid NCA (the one with less rules) you can merge 3*100, this is the optimal. But this program nobody likes, so forget

the eval you can merge 2 accounts, so the next would be 2x300K

if you use 50K, ok may be was better don't merge 2 of 50K but try for one of 300K and you destroy the other with speculative aggressive trading, may be you have luck and make more $$ and then you concentrate only on the 300K account or, yes, unique is a copier, to keep it alive.

Quoting Capablanca
{quote} Why do you say lot of rules ? The "only" additional rule that they have compared with other is the news rule. All the rest is similar. I think they are popular because they pay also over profits in phase 1 and 2
I'm going to add the FUNDNEXT eval, I go to read all the rules again.

Problem of an "no news" account will be:

1. hard to use as master if you use a copier
2. hard to use as slave if you use a copier

Let's say impossible to use to trade in block your accounts because you will restrict yourself to news trading plus lots of risk to get this account terminated.

So may be will be interesting only as an "additional" account to trade separately (let's say your wife or children or family around you) and to test however their service, like dashboard or whatever you can like there. That's why probably I eliminated from my review.
Also nobody was naming it here, and of course because they feel better in other programs due to the news rule.

I will double and triple check that there is not a consistency rule hidden somewhere in the faqs also for this eval live funded.
in holiday till end of November
  • #12,262
  • Nov 6, 2022 2:26pm Nov 6, 2022 2:26pm
Quoting Capablanca
{quote} They have always some kind of promotion running. When end one starts another. They just change the terms and sometimes the kind of challenge that is under the promotion


Nobody gets it, all these promotions and rules discussion are just big distractions from the main mission.

Just pick 1 firm and go with it, concentrate on trading, there is no free lunch.

Good Luck (you will need it)

It takes a lot for me to IGNORE you, but you can try.
  • #12,263
  • Nov 6, 2022 2:47pm Nov 6, 2022 2:47pm
added FUNDNEXT, you can get other 4M AUM there good luck ninjas.

it is only MT4, that is bad for me. However for sure they will migrate to MT5 at some point.
They don't have crypto, but they have oil and vix trading enabled.

Any news for The Prop Trading? I leave for now listed but check always note, for the bad reviews.
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in holiday till end of November
  • #12,264
  • Nov 6, 2022 2:58pm Nov 6, 2022 2:58pm
Medicine has me on the toilet 24 hours a day it seems, so my contributions have been limited to slight texts.

I do not support the use of fundednext. Its a shady operation, shady owner, shady marketing its all shady. It might pay as they target the poorer nations and probably have the revenue to do so (use vpn from poorer countries and check the ads you see) but supporting such an entity is ... not nice. Of all the options to choose from, it is probably somewhere inside the pipes of my now overused porcelain throne.
  • #12,265
  • Nov 6, 2022 3:17pm Nov 6, 2022 3:17pm
Quoting Takisd
Medicine has me on the toilet 24 hours a day it seems, so my contributions have been limited to slight texts. I do not support the use of fundednext. Its a shady operation, shady owner, shady marketing its all shady. It might pay as they target the poorer nations and probably have the revenue to do so (use vpn from poorer countries and check the ads you see) but supporting such an entity is ... not nice. Of all the options to choose from, it is probably somewhere inside the pipes of my now overused porcelain throne.
yes agree, perhaps the use of MT4 is another big limit, and the news trading of 2minutes, not a big issue if was a safe rule, but if you forget... you lose the account.
So MT4+news rule that you have to manage, not a big point.

However till they pay and are a big community we can't say nothing. Programs can change weekly, if they add MT5 and TradingView access and they eliminate the news rule, could not be bad. Many people I remember 2-3 weeks ago when I began to study the prop world was asking there when they will eliminate the rule about news.

And finally I forgot, they have 4weeks rule to pass the challenge, so 28Days, 2 days less for a step more vs failure (10% profit target).
Also, good for them, they pay you in the evaluation phase for this big risk
in holiday till end of November
  • #12,266
  • Nov 6, 2022 3:19pm Nov 6, 2022 3:19pm
Quoting forexbali
what I have to fix, in the evaluation is already written 30D that is the time limit, where do you see my error?
my bad. all ok. I didnt noticed different programms. all fine sorry.
  • #12,267
  • Nov 6, 2022 3:55pm Nov 6, 2022 3:55pm
120k from MFF not bad

Inserted Video
  • #12,268
  • Nov 6, 2022 4:32pm Nov 6, 2022 4:32pm
Quoting trader888888
120k from MFF not bad https://www.youtube.com/watch?v=vjKTQp3x8eQ

you read in my mind, I was going to write, then I found your video.

I was looking in the past days for an advisor-assistant that is able to place orders fast with risk reward ratio, for example 1:3

it's very boring doing manually calculations because take too much time, I have seem some around but better I ask here what I would like to find:

- I want just to check on the chart which is the level of stop for my new trade, usually is an high low of a previous candle.
I want to buy/sell market or at limit price
I want to risk 0.10% of my account or I could say 100$ for that trade.
The EA will calculate the exact size of the trade and set the correct lot, stop loss and take profit for the ratio selected (1:3, 1:4, 1:5, 1:10 etc)
As the profit will reach a ratio of 1:2 or a % we can set, the stop loss will be moved at breakeven

And of course plot on the chart the red-green bands, and the orders.

Anyone is using such ea? I'm a scalper, but I want to practice more on these kind of trades because I'm quite good on technical analysis and I see lots of video of beginners that are winning and are consistent with this rations, and me as fast scalper I could never practice and I want to start now to track my statistics and to see if I'm profitable, or it's just luck of others... because fast scalpers cannot have such rules because they trade on the chaos and with lots of instinct, for me will be quite easy to test myself and check statistics on these kind of trades where however I have more time to select them and apply also to many more markets I can trade on scalping.

Please let me know if you are familiar with it.
in holiday till end of November
  • #12,269
  • Nov 6, 2022 4:37pm Nov 6, 2022 4:37pm
Why there is this "dominance" of EightCap broker in prop trading?

Why other solid brokers with high volumes and good spreads like ICmarkets, Fusion, FpMarkets, TickMill, Vantage etc etc have almost no deals with any of them?

Just curious.
in holiday till end of November
  • #12,270
  • Nov 6, 2022 4:57pm Nov 6, 2022 4:57pm
Quoting forexbali
Why there is this "dominance" of EightCap broker in prop trading? Why other solid brokers with high volumes and good spreads like ICmarkets, Fusion, FpMarkets, TickMill, Vantage etc etc have almost no deals with any of them? Just curious.
They were the first that offer that kind of ''prop services'' for prop firms:

- https://www.eightcap.partners/prop-trading-company/
- https://forexpropreviews.com/which-p...-use-eightcap/


As I know 2 years ago firms used ICmarkets but illegally (just demo accounts) but then ICmarkets find out that and close their accounts...
  • #12,271
  • Nov 6, 2022 6:09pm Nov 6, 2022 6:09pm
Good start of the week, spanked Cable, sorry MFF
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  • #12,272
  • Nov 6, 2022 6:15pm Nov 6, 2022 6:15pm
Quoting trader888888
Good start of the week, spanked Cable, sorry MFF {image}
yep you are a ninja.
in holiday till end of November
  • #12,273
  • Nov 6, 2022 7:57pm Nov 6, 2022 7:57pm
Quoting trader888888
Good start of the week, spanked Cable, sorry MFF {image}
is it demo or real? I can't see the whole
  • #12,274
  • Nov 7, 2022 2:29am Nov 7, 2022 2:29am
Quoting prop.kid
{quote} is it demo or real? I can't see the whole
LOL
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  • #12,275
  • Nov 7, 2022 4:22am Nov 7, 2022 4:22am
Quoting forexbali
{quote} yes I followed it and I made many errors, because was not up to date so I'm checking alone, and double checking also, in forexproreviews says that you can trade crypto on TFT, this is not true, you can trade it only in demo... challenge, in real where you get the real $$$, you can't. They don't trade anymore crypto in TFT.
You can try crypto also on funded at TFF
  • #12,276
  • Nov 7, 2022 5:53am Nov 7, 2022 5:53am
Quoting trader888888
{quote} LOL {image}
LOL Maybe
  • #12,277
  • Nov 7, 2022 8:56am Nov 7, 2022 8:56am
Today was a good day
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  • #12,278
  • Nov 7, 2022 10:44am Nov 7, 2022 10:44am
Hello traders !

I live in Belgium (Wallonia) and I'm quite new to prop firm trading.

Actually, I don't really know about the tax laws in Belgium concerning the prop firms, and it's quite impossible to find any information on that subject.

Is there any Belgian trader here who might help, or even a "tax system" thread / Belgium thread ?

Quoting J3roM
[...] I live in Belgium (Flanders) and it would be nice to be able to link up with more FTMO or other prop firm traders on here that are also located in Belgium or traders that know Belgium tax laws. I have a lot of questions about this topic in particular. The Belgium tax laws are not easy to interpret and there is a lot of room for errors in my opinion. There are tax laws targeted towards investors and traders (full time and as a hobby) But there is nothing about prop firm traders. As far as I'm aware of, most tax laws in Belgium are targeted...
J3roM, if you still come here, feel free to get in touch with me (on this thread or with private message), as I actually can't send a private message myself

Have a nice day you all
  • #12,279
  • Nov 7, 2022 12:05pm Nov 7, 2022 12:05pm
Quoting StarPod
Hello traders ! I live in Belgium (Wallonia) and I'm quite new to prop firm trading. Actually, I don't really know about the tax laws in Belgium concerning the prop firms, and it's quite impossible to find any information on that subject. Is there any Belgian trader here who might help, or even a "tax system" thread / Belgium thread ? {quote} J3roM, if you still come here, feel free to get in touch with me (on this thread or with private message), as I actually can't send a private message myself Have a nice day you all
I moved my residence away from high tax country (Italy) many years ago, and I always move because impossible to come back to pay taxes at over 50%.

The Belgium should be similar, is high tax country, so the invoices from prop firm will be considered personal income tax or corporate tax if you use a company.

Then the rules in every country are different, so for example you could be subject to pay not only income tax, but also social contributions and other local taxes.

So I think that if you contact your accountant and you show what is a prop firm and that they will just send you an invoice for the service your rendered to them, he should understand everything.

Best way to pay less taxes. Move to live 183+ days in another country in Europe with low taxation, or zero, or UAE.
in holiday till end of November
  • #12,280
  • Nov 7, 2022 4:32pm Nov 7, 2022 4:32pm
Quoting trader888888
Today was a good day {image}
congrats, this was the eval 200K or 300K?

do you use some specific assistant advisor for order entry? or all manual 100%?
in holiday till end of November
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