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  • #13,721
  • Edited 10:04am Feb 3, 2023 7:33am | Edited 10:04am
Hi all

I am looking to diversify my prop fund accounts (already have a few MFF, FTMO accounts under my belt). The next obvious choice was TFTP (the funded trader) but lately the negative reviews on trust pilot (relating to non payouts) are putting me off. So the next choice is either E8 or TPTT (top tier trader).

I searched this thread for toptiertrader (https://www.toptiertrader.com) and there was some info from TrAndy back in June but not much else, is anyone else funded and getting payouts from them? They offer 2 step evaluation, good trust pilot rating.

Am I missing something obvious why I shouldn't sign up with them (specifically the 'top tier challenge plus' model)?
Your worst drawdown is yet to come
  • #13,722
  • Feb 3, 2023 7:43am Feb 3, 2023 7:43am
Anyone had frozen chart for this NFP? Mine frozen since 5 mins before the news and still frozen!
  • #13,723
  • Feb 3, 2023 8:01am Feb 3, 2023 8:01am
Quoting nebby
Hi all I am looking to diversify my prop fund accounts (already have a few MFF, FTMO accounts under my belt). The next obvious choice was TFTP (the funded trader) but lately the negative reviews on trust pilot (relating to non payouts) are putting me off. So the next choice is either E8 or TPTT (top tier trader). I searched this thread on toptiertrader (https://www.toptiertrader.com) and there was some info from TrAndy back in June but not much else, is anyone else funded and getting payouts from them? They offer 2 step evaluation, good...
In addition to MFF and FTMO, I am with TFTP and TFF. E8 is a good choice and I may be adding them as well. My issue is the cost on indices with them.
As far as negative reviews, I added TFTP in November, I have had 5 consecutive payouts with them with no issue. Keep in mind, I am very low risk trader and only average 0.6-0.8% weekly gain. Probably why I never have any issues with payouts anywhere.
  • #13,724
  • Feb 3, 2023 8:37am Feb 3, 2023 8:37am
Quoting pipmaster77
{quote} In addition to MFF and FTMO, I am with TFTP and TFF. E8 is a good choice and I may be adding them as well. My issue is the cost on indices with them. As far as negative reviews, I added TFTP in November, I have had 5 consecutive payouts with them with no issue. Keep in mind, I am very low risk trader and only average 0.6-0.8% weekly gain. Probably why I never have any issues with payouts anywhere.
With TFTP, its good to know that so far you haven't had any issues - the worry for me is that it looks like some traders were quickly banned without getting enough of a chance to defend themselves (some had been trading for almost a year and then an abrupt email terminating their account). I too am quite a low risk trader and am looking for a long term relationship with a prop firm so am focusing on the lowest risk firms for now.
Your worst drawdown is yet to come
  • #13,725
  • Feb 3, 2023 9:45am Feb 3, 2023 9:45am
STAY AWAY FROM E8 FUNDING!!!

Terrible prop firm operating as a pure scam. I had multiple challenges with them. I lost my first funded account with them due to massive slippage of 100 pips on EUR/USD but accepted it.

Then I had couple of more funded accounts where I got paid the first payout after getting funded but then lost the accounts due to my trading.
I again got a funded 200K account, was in profit and got paid approx 2,200 USD (including the challenge refund fees). Now on next payout 14 days later I was due 3,600 USD. I made the request for a withdrawal and then my account was locked (no emails or anything explaining why).

I contacted support (and Martin responded). He gave as example 2 trades on a previously failed funded account (not even the current funded account) whereby he implied that there was someone else hedging those trades. The trades only shared the ticket EUR/USD and the closing time, while the entry time, entry price and lots sizes were completely different. Lot size difference in oen case was 12.5 lots, time difference was 15 minutes and pips difference was 25 pips in entry price. How the heck are those similar trades just because they closed at the same time. On a pair like EUR/USD enough people will end up closing at same time in opposite directions (they will accuse hedging) or same directions (they will accuse copying).

It is obvious they don't want to pay more than a certain amount to trades and after one or two payments use these ridiculous examples of blocking accounts and not paying out. They time this with payouts which again shows their ill-intent so they don't have to pay otherwise the account. They do it so hurriefly they forget to even send an email to warn or notigy you that they are investigating you.

When I told them that I will write a review they threatened that you will be flagged by other firms. I told them I don't care as I havent done anything wrong. I am a funded trader with FTMO, MFF and TFT also for months and they have all been great experience so far.

Stay away from them if you want to get paid more than one or two payouts and dont want massive slippages. Stick to better firms who are not scams and frauds. I will consult any legal avenues, failing which I will be getting this review over to all social media and blogs available to save more people from this.
  • #13,726
  • Feb 3, 2023 10:31am Feb 3, 2023 10:31am
Quoting FXTrader786
STAY AWAY FROM E8 FUNDING!!! Terrible prop firm operating as a pure scam. I had multiple challenges with them. I lost my first funded account with them due to massive slippage of 100 pips on EUR/USD but accepted it. Then I had couple of more funded accounts where I got paid the first payout after getting funded but then lost the accounts due to my trading. I again got a funded 200K account, was in profit and got paid approx 2,200 USD (including the challenge refund fees). Now on next payout 14 days later I was due 3,600 USD. I made the request for...
They were one of the best on Truspilot but they recently received a shower of "one stars" after banning accounts.
  • #13,727
  • Feb 3, 2023 10:46am Feb 3, 2023 10:46am
Quoting FXTrader786
STAY AWAY FROM E8 FUNDING!!! Terrible prop firm operating as a pure scam. I had multiple challenges with them. I lost my first funded account with them due to massive slippage of 100 pips on EUR/USD but accepted it. Then I had couple of more funded accounts where I got paid the first payout after getting funded but then lost the accounts due to my trading. I again got a funded 200K account, was in profit and got paid approx 2,200 USD (including the challenge refund fees). Now on next payout 14 days later I was due 3,600 USD. I made the request for...
They are definitely not scam. But not the best option to trade with either. I got several payouts from them but as soon as I earned a bit more (I mean just a little over 10k, nothing crazy) they started investigating me for having same trades as some other traders. But it was just recently when other prop firms banned groups of traders for trading on someone else's behalf so I assume it wasn't intentional, just a bad luck. It was resolved in the end but a disappointment remained.

I guess I won't trade with them any longer as I trade indices and their cost and slippage is pretty bad anyways
Money is made by sitting, not trading
  • #13,728
  • Feb 3, 2023 12:37pm Feb 3, 2023 12:37pm
Yes, like I mentioned in my post earlier also e8 Funding paid me earlier for first payout after 8 days along with the challenge fees, but no for second payout they have come up with complete nonsense to block. The reason I used the word scam is that they are only willing to pay you a certain amount or number of times and after that they will invent reasons to not pay you as they have done here. Either they do this all the time or recently have cash flow issues and doing it, or they made some rules initially for few countries where they had issues and then got trigger happy and start banning anyone they feel like if they didnt want to pay.

This behaviour for me makes it a scam as you will not get the funded account that you paid for even after passing the challenge according to terms and condition even if you don't break any rules and trade genuinely. I could take the slippage and even accepted 100 pips slippage as it was at a news event on a previous funded account which I lost due to that but still accepted it. However, this is not acceptable. Thus all the 1 star ratings. Don't know why they have to mess up, either their risk matrix was wrong or they did not expect that many people to pass the challenge or they end blowing the profits made in their personal lives and thus dont want to pay out traders.
  • #13,729
  • Edited 1:51pm Feb 3, 2023 1:23pm | Edited 1:51pm
Trouble in paradise?

Myfundedfx platform has been down for the last 2 hours. Personally, I was already flat for the weekend.

The "CEO" is telling people in discord that any negative trades will get wiped out and they will sort it out over the weekend. I don't envy Mr. Matt.

But don't worry Eightcap is on the way!
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Pride always comes before destruction.... -Proverbs 16:18
  • #13,730
  • Feb 3, 2023 1:30pm Feb 3, 2023 1:30pm
Quoting Expo33
Trouble in paradise? Myfunded forex platform has been down for the last 2 hours. Personally, I was already flat for the weekend. The "CEO" is telling people in discord that any negative trades will get wiped out and they will sort it out over the weekend. I don't envy Mr. Matt. But don't worry Eightcap is on the way! {image}
8cap servers have been down several times this week. I guess their demo servers get over loaded because so many prop firms are using them.
  • #13,731
  • Feb 3, 2023 1:37pm Feb 3, 2023 1:37pm
Quoting FXTrader786
Yes, like I mentioned in my post earlier also e8 Funding paid me earlier for first payout after 8 days along with the challenge fees, but no for second payout they have come up with complete nonsense to block. The reason I used the word scam is that they are only willing to pay you a certain amount or number of times and after that they will invent reasons to not pay you as they have done here. Either they do this all the time or recently have cash flow issues and doing it, or they made some rules initially for few countries where they had issues...
This is what E8 writes on a telegram group:
"Its very simple everyone, there is a new growth pain in this industry. As it grows people have found ways to exploit loop holes. Its the prop firms job to fight back to ensure sustainability. We were approached about 6 months ago by someone who used to be well known in these groups. I wont share the name, but they attempted to black mail and extort us for millions of dollars. Showing us this exact pattern and letting us know it was spreading and they would help to spread it if we didnt pay. What did we do? Work with someone attempting to black mail us and harm the industry? no, we used the information to build systems to identify what they presented. Now you are assuming its the firms, when most of the case it is not, it is malicious traders cheating."

Looks like they have created a system which makes every profitable trader a scammer.
  • #13,732
  • Feb 3, 2023 2:21pm Feb 3, 2023 2:21pm
Quoting TraderTero
{quote} This is what E8 writes on a telegram group: "Its very simple everyone, there is a new growth pain in this industry. As it grows people have found ways to exploit loop holes. Its the prop firms job to fight back to ensure sustainability. We were approached about 6 months ago by someone who used to be well known in these groups. I wont share the name, but they attempted to black mail and extort us for millions of dollars. Showing us this exact pattern and letting us know it was spreading and they would help to spread it if we didnt pay. What...
Exactly every profitable trader who is able to last with funded account for a month or more or generate few thousand pounds will be kicked so that they don't have to payout the profitable traders and can just run their company and enjoy the profits made on lost challenges. This "person" approached them 6 months ago and just this last month or two they decided to kick a lot of profitable traders by creating a system which randonmly matches trades as evidence of collusion based on just ticker and trade closing time even if everything else is different. Maybe they get scared people might be group hedging and made this so called system which chucks everyone and anyone under the bus if they wish.
  • #13,733
  • Feb 3, 2023 3:29pm Feb 3, 2023 3:29pm
Quoting FXTrader786
{quote} Exactly every profitable trader who is able to last with funded account for a month or more or generate few thousand pounds will be kicked so that they don't have to payout the profitable traders and can just run their company and enjoy the profits made on lost challenges. This "person" approached them 6 months ago and just this last month or two they decided to kick a lot of profitable traders by creating a system which randonmly matches trades as evidence of collusion based on just ticker and trade closing time even if everything else...
So it seems. I doubt that it would be very easy to game the system with "group hedging".
  • #13,734
  • Feb 3, 2023 4:05pm Feb 3, 2023 4:05pm
https://thefundedtraderprogram.com/#choose-your-path

knight challlenge is live
in holiday till end of November
  • #13,735
  • Feb 3, 2023 4:28pm Feb 3, 2023 4:28pm
Quoting Expo33
Trouble in paradise? Myfundedfx platform has been down for the last 2 hours. Personally, I was already flat for the weekend. The "CEO" is telling people in discord that any negative trades will get wiped out and they will sort it out over the weekend. I don't envy Mr. Matt. But don't worry Eightcap is on the way! {image}

I was in their discord today . That's a very big issue actually.
  • #13,736
  • Feb 3, 2023 4:31pm Feb 3, 2023 4:31pm
Quoting FXTrader786
{quote} Exactly every profitable trader who is able to last with funded account for a month or more or generate few thousand pounds will be kicked so that they don't have to payout the profitable traders and can just run their company and enjoy the profits made on lost challenges.
If that occurs very often then the case is that most of the time funded accounts never go live. Then they have to deal themselves with paying. This is very strange issue than, strange business model.
  • #13,737
  • Feb 3, 2023 4:32pm Feb 3, 2023 4:32pm
Quoting TraderTero
{quote} Looks like they have created a system which makes every profitable trader a scammer.
Basically they are looking for, supposedly, profitable traders. But these quickly become annoying for them. And we quickly understand that prop firms are not philanthropists. It takes a lot of losers to pay a few winners. As long as there are many losers, "reasonable" winners are tolerated.
  • #13,738
  • Feb 3, 2023 4:42pm Feb 3, 2023 4:42pm
Quoting Eren10
{quote} I was in their discord today . That's a very big issue actually.
According to them. I believe they mean with "group hedging" 2-leg arb. Usually arb requires a lot of trades but in in the telegram group they mentioned that the trader had made very few trades.
  • #13,739
  • Feb 3, 2023 4:47pm Feb 3, 2023 4:47pm
Quoting Eren10
{quote} If that occurs very often then the case is that most of the time funded accounts never go live. Then they have to deal themselves with paying. This is very strange issue than, strange business model.
The business model can't be sustainable unless they actually transfer the best trades to markets. Most props probably don't.
  • #13,740
  • Feb 3, 2023 4:56pm Feb 3, 2023 4:56pm
Quoting TraderTero
{quote} Usually arb requires a lot of trades
What do you mean exactly by " arb 2 legs " ?
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