Prop Firm Hub | Page 648 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #12,941
  • Dec 12, 2022 10:06am Dec 12, 2022 10:06am
Quoting Takisd
It wasn't spread.
-I understand. I just wanted to make mention of the spreads because they were more bad than usual.

Quoting Takisd
they only did this one the size was sufficient to wipe the account out. On my 5 lot trades, it didn't happen more than 1-2 ticks (1$ on us30). Then i increase and its like all of a sudden the account must burn. Funnily enough I had the exact same trades on my personal account with icmarkets and had no issue whatsoever.
-If this is really happening, then this is really bad. Many firms are using 8cap.
  • #12,942
  • Dec 12, 2022 10:11am Dec 12, 2022 10:11am
Quoting Takisd
{quote} It wasn't spread. The entry got slipped excessively and the exit got slipped all in the same second. Its like made up prices. If only one side slipped its fine, but on that particular account which was for experiment purposes (kind of to prove how shit eightcap is) they only did this one the size was sufficient to wipe the account out. On my 5 lot trades, it didn't happen more than 1-2 ticks (1$ on us30). Then i increase and its like all of a sudden the account must burn. Funnily enough I had the exact same trades on my personal account...
It is vendor specific not about 8CAP, Try to do on E8 you will get same slippage and repeat on TFP no or max 1 or 2 pips on US30 (though there is cap of 5 lot on TFP but 5 lot is equivalent to 50 lot in E8). I bet if one has brokerage account with directly 8Cap they wont see such huge slippage.
Regarding slippage I have seen 8-15 pips slippage on MyFF (occasionally not regularly but 8Cap supported brokers do on regular basis)
Note : 1 pip is 1$ in US30
  • #12,943
  • Dec 12, 2022 10:14am Dec 12, 2022 10:14am
So the conclusion. in light of what we are learning from virtually all of the firms either folding, changing rules, excessive slipping, etc........it looks as if we need to trade within 1% of the account size and/or cap it at about 5:1 leverage. Seems when you go above those parameters, your friendly neighborhood prop firm becomes not so friendly.
To summarize, TPT has folded, TFF is manually editing trades, FTMO has sent out a 1% max and s/l required to "select" traders and TFT is excessively slipping orders........MFF??? anyone??? I truly believe they (MFF) really have their shit together to handle anything.
  • #12,944
  • Dec 12, 2022 10:16am Dec 12, 2022 10:16am
Hello Friends

I was inactive few weeks

please update me if some firm went bankrupt in my list, or something is missing

https://docs.google.com/spreadsheets...it?usp=sharing

Do you think Smart Prop Trader should be added in my table as a "safe" try, seen the people involved in the project?

I mean, shouldn't be a scam of Nigerians....
in holiday till end of November
  • #12,945
  • Dec 12, 2022 10:27am Dec 12, 2022 10:27am
i just received my first $4500 payment a few hours ago from TFF. I use a 100k$ account, although the processing steps are a bit slow but I think with a small profit of only a few percent we will be safe with most funds, earn a sufficient amount and rest not too much. There's nothing wrong with greed here.
  • #12,946
  • Dec 12, 2022 10:31am Dec 12, 2022 10:31am
Quoting forexbali
Do you think Smart Prop Trader should be added in my table as a "safe" try, seen the people involved in the project?
-In my awesome opinion, any firm that elects to have Blake Olson pimping them out on youtube (or that chooses to have him involved in some business capacity), does not automatically make it a safe bet.
  • #12,947
  • Dec 12, 2022 10:49am Dec 12, 2022 10:49am
Anyone else have mt4 freezing today with MyFF live server?

my day could have been much better without that
  • #12,948
  • Dec 12, 2022 11:15am Dec 12, 2022 11:15am
Quoting benaiah
Anyone else have mt4 freezing today with MyFF live server? my day could have been much better without that
MFF, FTMO and several other CFD feeds froze at the same time. TFF feed wasn’t affected, nor my CQC feed via AMP futures.
Trade with confidence, trade without fear.
  • #12,949
  • Dec 12, 2022 12:52pm Dec 12, 2022 12:52pm
Quoting Cryptosurf
{quote} MFF, FTMO and several other CFD feeds froze at the same time. TFF feed wasn’t affected, nor my CQC feed via AMP futures.
Which could point at all prop firms being engaged by one mother company.
MetaTrader 4 - so many advantages.
  • #12,950
  • Dec 12, 2022 1:26pm Dec 12, 2022 1:26pm
Quoting RiskFighter
{quote} Which could point at all prop firms being engaged by one mother company.
I’m sure anything is possible. It is all very interesting.

but my understanding is that MyFF uses a completely different data feed than FTMO.
  • #12,951
  • Dec 12, 2022 1:58pm Dec 12, 2022 1:58pm
Quoting benaiah
{quote} I’m sure anything is possible. It is all very interesting. but my understanding is that MyFF uses a completely different data feed than FTMO.
It was only a few months ago that FTMO changed contract specs for its indicies. They used to be different in sizing, etc. Then they changed and pretty much mirror MFF’s specs.
Trade with confidence, trade without fear.
  • #12,952
  • Dec 12, 2022 2:10pm Dec 12, 2022 2:10pm
Quoting Cryptosurf
{quote} It was only a few months ago that FTMO changed contract specs for its indicies. They used to be different in sizing, etc. Then they changed and pretty much mirror MFF’s specs.
ahhh, ok

just did a little digging… Found some similar reference as MyFF to a “liquidity provider” they use.

it appears they probably use the same liquidity provider as MyFF now. That would explain the correlation with data issue…
  • #12,953
  • Dec 12, 2022 2:26pm Dec 12, 2022 2:26pm
So those who trade more than one LIVE prop firm account, what firms are you with and are you happy with them?

I was going to FundedNext but hear a lot of negativity about eightc@p and FundedNext is really new to the game

and don’t want FTMO if it uses same data feed as MyFF

so I’m considering Fedelcrest…
  • #12,954
  • Dec 12, 2022 3:35pm Dec 12, 2022 3:35pm
Quoting benaiah
So those who trade more than one LIVE prop firm account, what firms are you with and are you happy with them? I was going to FundedNext but hear a lot of negativity about eightc@p and FundedNext is really new to the game and don’t want FTMO if it uses same data feed as MyFF so I’m considering Fedelcrest…
I have tried Fedelcrest. They are OK. But check their set of rules. They were a bit to strict for me. But it is some years ago and they possibly have made changes.
MetaTrader 4 - so many advantages.
  • #12,955
  • Dec 12, 2022 3:51pm Dec 12, 2022 3:51pm
Quoting benaiah
So those who trade more than one LIVE prop firm account, what firms are you with and are you happy with them? I was going to FundedNext but hear a lot of negativity about eightc@p and FundedNext is really new to the game and don’t want FTMO if it uses same data feed as MyFF so I’m considering Fedelcrest…
Funded Next you have to be careful because they don't allow trading 2 minutes before and after important news in funded accounts (only in challenge phase). You can have positions opened but if your TP or SL is executed on those +-2 minutes you will lose the account.
  • #12,956
  • Dec 12, 2022 4:11pm Dec 12, 2022 4:11pm
Quoting RiskFighter
{quote} I have tried Fedelcrest. They are OK. But check their set of rules. They were a bit to strict for me. But it is some years ago and they possibly have made changes.
yeah the 5% DD is tight, and 10% target on each step is tall order. I can easily recover from a 5% DD but NOT if it is the max DD allowed… So I would need to keep my risk low and my personal max daily loss around 1500.
  • #12,957
  • Dec 12, 2022 4:12pm Dec 12, 2022 4:12pm
Quoting Capablanca
{quote} Funded Next you have to be careful because they don't allow trading 2 minutes before and after important news in funded accounts (only in challenge phase). You can have positions opened but if your TP or SL is executed on those +-2 minutes you will lose the account.
Yeah. Probably better for me to just stay out 2 minutes before/after…
  • #12,958
  • Dec 12, 2022 4:41pm Dec 12, 2022 4:41pm
What has me probably hooked on Fedelcrest is if you are profitable the first month in live account they give you another account equal to the one you got funded on…
  • #12,959
  • Dec 12, 2022 4:43pm Dec 12, 2022 4:43pm
Quoting benaiah
What has me probably hooked on Fedelcrest is if you are profitable the first month in live account they give you another account equal to the one you got funded on…
in lieu of your refund, you can do that with any firm.
  • #12,960
  • Dec 12, 2022 4:59pm Dec 12, 2022 4:59pm
Quoting pipmaster77
{quote} in lieu of your refund, you can do that with any firm.
so with FC, on a 250k account it would be payout of 5000 plus the free eval which is over a thousand value. So that is pretty good.

however I thought it was a free live account but is not. So it is not really a “double your account” deal, but a “chance” to double your account. Lol
171 traders viewing now