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  • #13,701
  • Feb 2, 2023 3:45am Feb 2, 2023 3:45am
Quoting noox
{quote} Exactly. I'm wondering how one can mitigate this risk?
I don't think it mitigates much the risk but I scan the documents and write in it something like "To: X" (X is the prop firm). Watermark would be another possibility.

I try to have this mark over some security elements of the card. Anyway, someone wanting to commit a fraud using someone else docs should be able to go over it.
My thinking is that if they have 2 documents and one is clean and another one is mine (demanding some work), maybe they will use the clean one and not mine. I'm probably being naif, anyway.

Another way, not to mitigate, but to try to detect that a fraud was from a prop firms is to use driving license instead of ID card or passport. I never use driving license for anything so if someday a fraud comes with a driving license it's likely to come from a prop firm document sale (although I still won't know which prop firm did it).

Any more ideas are appreciated.
  • #13,702
  • Feb 2, 2023 4:07am Feb 2, 2023 4:07am
TFF stats, average payout :

October : 4518
November : 4263
December : 4090
January : 3572

There is a significant decrease each month.

Total payouts by month is stable, between 2.8 and 3.2 million, this proves (probably) the good health of the company (regularity makes it possible to make projections)
  • #13,703
  • Feb 2, 2023 4:15am Feb 2, 2023 4:15am
Quoting Capablanca
{quote} I don't think it mitigates much the risk but I scan the documents and write in it something like "To: X" (X is the prop firm). Watermark would be another possibility. I try to have this mark over some security elements of the card. Anyway, someone wanting to commit a fraud using someone else docs should be able to go over it. My thinking is that if they have 2 documents and one is clean and another one is mine (demanding some work), maybe they will use the clean one and not mine. I'm probably being naif, anyway. Another way, not to mitigate,...
The watermarking idea might need a little more thought because if the prop accepts the watermarked image then other institutions will accept the same image as well, so after a data sale/leek it'd be possible to use your stolen info. Also these companies are using software to detect any manipulation of the images. And your live camera image is still out there and you can't do anything about that. It's crazy how much sensitive info these companies have.
The best preemptive solution I can come up with is to use trustworthy counter parties, so going beyond the known and trusted props is a no-no for me. Still you are exposed to mff or ftmo, more accurately their data handlers which still looks a big risk to me. Also using only prop firms in first world jurisdictions where there are some legal protections for consumers is a good idea.
  • #13,704
  • Feb 2, 2023 4:22am Feb 2, 2023 4:22am
Quoting noox
{quote} The watermarking idea might need a little more thought because if the prop accepts the watermarked image then other institutions will accept the same image as well, so after a data sale/leek it'd be possible to use your stolen info. Also these companies are using software to detect any manipulation of the images. And your live camera image is still out there and you can't do anything about that. It's crazy how much sensitive info these companies have. The best preemptive solution I can come up with is to use trustworthy counter parties,...
Watermark is personalized for each prop. So if I use my driving license with a watermark saying "to MFF", it's strange that another institutions would accept that. It could happen but I guess I decrease the risk.

Regarding the ones done online, where we photo shoot the documents with mobile, I have been using (not with 100% success, some are refused) a small cut piece of post-it glued to the document where I manually write "to X", X being the prop firm.

Maybe all this is childish and doesn't prevent anything but at least I try to make their life a little bit more difficult.
  • #13,705
  • Edited 4:57am Feb 2, 2023 4:41am | Edited 4:57am
Hi Friends
Anyone can give answer to my Questions.
If you give answer I will give you FREE prop Account.
Send me answer in DM.
I have answers to these Questions that's why I am asking these Questions.
1. How to make Trade Breakeven without moving Stop Loss.
2. How to add on trades without risking money from capital amount.
3. How you can remove 90% of Losing trades from your trading

Happy Trading :-)
  • #13,706
  • Feb 2, 2023 6:53am Feb 2, 2023 6:53am
Quoting Ai1108
Hi Friends Anyone can give answer to my Questions. If you give answer I will give you FREE prop Account. Send me answer in DM. I have answers to these Questions that's why I am asking these Questions. 1. How to make Trade Breakeven without moving Stop Loss. 2. How to add on trades without risking money from capital amount. 3. How you can remove 90% of Losing trades from your trading Happy Trading :-)
I know multiple answers to each question but first to satisfy my curiosity

1. Why do you offer free prop account?
2. What prop account and parameters?
3. If you have the answers WHY for goodness sake do you need to ask?

Happy Hunting
Money is made by sitting, not trading
  • #13,707
  • Feb 2, 2023 8:59am Feb 2, 2023 8:59am
Quoting Takisd
{quote} They were caught by the affiliates. Its pretty commonly known now, I dont want to paste links to an affiliate site but you can probably google it and find. Right now I have a personal rule, no more eightcap firms. Its too dodgy now to the point that eightcaps business is pretty much only prop firm demo accounts.
Curious, if it is only prop firm demo accounts how are they making money? No broker commission fees as it's demo, if the live accounts don't last say 3 months then that surely isn't enough (assuming these props even push to live)?

Also why do they broker for "props" as a white label, why not just do it themselves? So they must take an affiliate from the challenge fees otherwise I can't see how it works for them?
  • #13,708
  • Feb 2, 2023 9:09am Feb 2, 2023 9:09am
Quoting Fagin
So they must take an affiliate from the challenge fees otherwise I can't see how it works for them?
-I do not know much about these things, but I wonder if leveraging or selling trader data could be possible. Similar to a broker, even leveraging bad trader data may be profitable for them.

By not acting as prop, they can remove most of the work involved as well as generate a massive client base without doing any advertising. I can really only guess, though.
  • #13,709
  • Feb 2, 2023 9:29am Feb 2, 2023 9:29am
Quoting Nsak3y
{quote}-I do not know much about these things, but I wonder if leveraging or selling trader data could be possible. Similar to a broker, even leveraging bad trader data may be profitable for them. By not acting as prop, they can remove most of the work involved as well as generate a massive client base without doing any advertising. I can really only guess, though.
I've never been interested them until now as one of the companies I'm with (still in demo phase) uses them, so now I'm thinking about it...
Demo flow is valueless or so I have been told, big ticket live trades are probably toxic flow, especially CFD indices. So where's the catch?
  • #13,710
  • Feb 2, 2023 9:59am Feb 2, 2023 9:59am
Quoting Vitore
{quote} I know multiple answers to each question but first to satisfy my curiosity 1. Why do you offer free prop account? 2. What prop account and parameters? 3. If you have the answers WHY for goodness sake do you need to ask? Happy Hunting
99.99% people think they know the answer but when they tell te answers
all answers are wrong.

I am looking for same Frequency people
people who can answer correct will be very smart people.

Thanks
  • #13,711
  • Feb 2, 2023 10:06am Feb 2, 2023 10:06am
Quoting Fagin
Demo flow is valueless or so I have been told
-I'm not sure. If you have lots of data to work with, then maybe it can be useful.
  • #13,712
  • Feb 2, 2023 10:08am Feb 2, 2023 10:08am
Quoting Ai1108
99.99% people think they know the answer but when they tell te answers all answers are wrong.
-Of course they will be wrong if you are biased and cannot be objective. Anyone can be smart if you establish your own definitions for that.
  • #13,713
  • Feb 2, 2023 10:19am Feb 2, 2023 10:19am
Quoting Ai1108
{quote} 99.99% people think they know the answer but when they tell te answers all answers are wrong. I am looking for same Frequency people people who can answer correct will be very smart people. Thanks
So you think you know the correct answers but didn't answer just one of my questions. Why should I trust you at all? I bet you're just one of those 99.99%
Money is made by sitting, not trading
  • #13,714
  • Feb 3, 2023 2:40am Feb 3, 2023 2:40am
Quoting Takisd
{quote} They were caught by the affiliates. Its pretty commonly known now, I dont want to paste links to an affiliate site but you can probably google it and find.
I took the time to talk with them, specially their CEO. He assured me that MFFX has never sold data and will never sell any. For them, these are slanderous words. Therefore, it would be interesting if you gave us real proof.
  • #13,715
  • Feb 3, 2023 2:47am Feb 3, 2023 2:47am
Quoting Nehemah
{quote} I took the time to talk with them, specially their CEO. He assured me that MFFX has never sold data and will never sell any. For them, these are slanderous words. Therefore, it would be interesting if you gave us real proof.
I don't know if they sold or not but it's no surprise to me that they denied it. I would never expect them to confess serious wrongdoing to you in a chat conversation or whatever it was.
At the most the max they could admit would be a data leak.
  • #13,716
  • Feb 3, 2023 3:25am Feb 3, 2023 3:25am
Quoting Capablanca
{quote} I don't know if they sold or not but it's no surprise to me that they denied it. I would never expect them to confess serious wrongdoing to you in a chat conversation or whatever it was. At the most the max they could admit would be a data leak.
Actually I know them since several weeks (I'm funded on MFFX) and their guys are very serious (you can check their Discord, one of the best) Their concern is to build a community and grow their prop firm and they do it very well. They would not make all these efforts if in return they had fun selling data. This is only my opinion, one thing is certain, there is no concrete proof at the moment.
  • #13,717
  • Feb 3, 2023 3:33am Feb 3, 2023 3:33am
Quoting Nehemah
{quote} Actually I know them since several weeks (I'm funded on MFFX) and their guys are very serious (you can check their Discord, one of the best) Their concern is to build a community and grow their prop firm and they do it very well. They would not make all these efforts if in return they had fun selling data. This is only my opinion, one thing is certain, there is no concrete proof at the moment.
Interesting. How many payouts have you received from them?
  • #13,718
  • Feb 3, 2023 3:42am Feb 3, 2023 3:42am
Quoting Olarion1975
{quote}Interesting. How many payouts have you received from them?
3
  • #13,719
  • Feb 3, 2023 4:39am Feb 3, 2023 4:39am
Quoting Nehemah
{quote} I took the time to talk with them, specially their CEO. He assured me that MFFX has never sold data and will never sell any. For them, these are slanderous words. Therefore, it would be interesting if you gave us real proof.
I will go through later and dig it up. But I really don't care what that kid thinks is slanderous.

Actually given your post history. I won't bother.

Your very first post.
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  • #13,720
  • Edited 8:32am Feb 3, 2023 6:15am | Edited 8:32am
Quoting Takisd
{quote} I will go through later and dig it up. But I really don't care what that kid thinks is slanderous. Actually given your post history. I won't bother. Your very first post. {image}
English is not my native language. Means : in February there will be Eightcap.

Just for info, I did a KYC with them and I'm concerned by this issue.

Show your proof and if it's true, I'll go back and talk to them
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