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Anyone trading with a Prop firm 31 replies

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  • #14,541
  • Mar 20, 2023 10:50am Mar 20, 2023 10:50am
Quoting youngD
{quote} OFP balance based drawdown during session, tried them once, thought balance resets with session ends but realized it updates with every trade. Support didn't respond, for me pure scam. Also all reviews good ones are from traders who get points for trust pilot review and discounts, you can read it on their website. Awful dashboard. Do not waste your time. Forgot about important thing. They ooennfor you ic markets demo account, after dealing with them I bet ic markets do not know nothing about it
Quoting Nehemah
{quote} Be careful with them. There is something wrong, regarding the fact one of their model is loss making, for them, in the long term (mathematically) It is attractive for the trader but maybe less when it comes to getting paid.
OK, anyway, what they offer seemed too fairy-tale, I won't work with that company, I'm deleting it from my list...
  • #14,542
  • Mar 20, 2023 12:58pm Mar 20, 2023 12:58pm
Quoting readme
I would like to ask here if anyone is having problems with BigPip Funding? They offer Challenges with unlimited time to complete but they work with Eighcap and after 30 days the demo expires and existing accounts vanish. Does anyone has a similar experience and how did BigPip support helped?!
I have. My account became invalid for no reason. I had a $1400 profit on the 50k challenge after about 3 weeks of trading. When I finally after 4 days got their support to answer my request, they started to say that I had changed my password and it was a breach. I had not and they obviously could not provide any logs backing their claim. They finally gave me a new account but refused to include my profits. This same thing is happening all the time to other traders as well. My account was invalidated only after 2-3 weeks so there is no 30-day rule. Stay away.
  • #14,543
  • Edited 2:22pm Mar 20, 2023 1:16pm | Edited 2:22pm
Quoting TraderTero
{quote} I have. My account became invalid for no reason. I had a $1400 profit on the 50k challenge after about 3 weeks of trading. When I finally after 4 days got their support to answer my request, they started to say that I had changed my password and it was a breach. I had not and they obviously could not provide any logs backing their claim. They finally gave me a new account but refused to include my profits. This same thing is happening all the time to other traders as well. My account was invalidated only after 2-3 weeks so there is no 30-day...
13 leters for everyone........PAY ATTENTION...... M F F F T M O T F T P T F F

Actually, 14 letters
  • #14,544
  • Mar 20, 2023 3:39pm Mar 20, 2023 3:39pm
Thank you TraderHero and thank you Pipmaster.
  • #14,545
  • Mar 20, 2023 5:08pm Mar 20, 2023 5:08pm
Quoting TraderTero
{quote} I have. My account became invalid for no reason. I had a $1400 profit on the 50k challenge after about 3 weeks of trading. When I finally after 4 days got their support to answer my request, they started to say that I had changed my password and it was a breach. I had not and they obviously could not provide any logs backing their claim. They finally gave me a new account but refused to include my profits. This same thing is happening all the time to other traders as well. My account was invalidated only after 2-3 weeks so there is no 30-day...
Thank you for your review.
I read some negative comments about them on the prop firm Telegram group and the guy (responsible of BP and the group !) didn't react. Actually, he reads only what he wants to read. As you said, better to stay away.
  • #14,546
  • Mar 21, 2023 5:25am Mar 21, 2023 5:25am
Looks like Gutstofail is about to Fail.

emails sent out.

Dear Traders,
we regret to inform you that due to unfortunate events happened on Friday and health issues caused by an accidental injuries of funds provider trading team supervisor we were unable to proceed with trading accounts reviews and withdrawal processing for this period as the funds provider has only one authorized person to have an access to in house designed software for your accounts monitoring, which is now unable to do so.
As this has hapened for the first time, we have tried to resolve the issue but the funds provider needs more time to authorize and provide training for two more supervisors for this kind of issue not to happen again.
You can continue trading if you have stopped and send the withdrawal requests at the next indicated withdrawal date 01.04. untill which the issue will be resolved.
We are truly sorry for any inconvenience caused by this but the security protocol of the funds provider must be respected and fulfilled because of your accounts security and privacy. As a compensation for this we are giving you an additional withdrawal request date in April besides usual 16.04, you will be able to send withdrawal request in case of Net profit again on 21.04. with the cut off date and balance state on 20.04.
Thank you for your understanding and please continue your trading.
Best Regards,
George
Money Makes Money
  • #14,547
  • Mar 21, 2023 6:28am Mar 21, 2023 6:28am
First eval, we start with 5K to test
in holiday till end of November
  • #14,548
  • Mar 21, 2023 6:31am Mar 21, 2023 6:31am
Quoting pipmaster77
{quote} 13 leters for everyone........PAY ATTENTION...... M F F F T M O T F T P T F F Actually, 14 letters
I would give a change however also to FTP and E8 for swing traders because they are complete with crypto, oil etc and decent spreads there.

I know that FTP is eightcap, but I think for "swings" strategies are fine.
in holiday till end of November
  • #14,549
  • Mar 21, 2023 6:48am Mar 21, 2023 6:48am
About that situation with the 5ers.
They agreed that the information about the minimum drawdown level was displayed incorrectly (57000). At the same time, they claim that the account was still stopped with equity of 57258.5 correctly, because my allowable drawdown was at the level of 60300-5%=57285. I'm not sure because it was 60000 account at beginning + 300 was added later. Their system calculates the drawdown level at midnight, so it is very doubtful that it calculated the drawdown correctly. I'm copying trades and haven't seen trades close in real time. Maybe my EA closed trades on 4.5% drawdown level(57300), maybe their system did it.

In any case, at first they wanted to restore the drawdown, then said it impossible, so they gave me 300 credits for a new challenge. I asked to just get my account back with the current drawdown. Well, I got my account back, BUT with a stopout level of 57000. Whereas the original one had 54000. They said this things because of infrastructure "There are a lot of systems, crons and plugins running behind the scenes, making very difficult to make individua specifications foe each user."
Under these conditions, going through the challenge again looks like the best deal. So I have 300 credits again and I have already bought phase 1. Still better than nothing.

Strange story, isn't it.
  • #14,550
  • Mar 21, 2023 7:46am Mar 21, 2023 7:46am
Quoting Nihi
About that situation with the 5ers. They agreed that the information about the minimum drawdown level was displayed incorrectly (57000). At the same time, they claim that the account was still stopped with equity of 57258.5 correctly, because my allowable drawdown was at the level of 60300-5%=57285. I'm not sure because it was 60000 account at beginning + 300 was added later. Their system calculates the drawdown level at midnight, so it is very doubtful that it calculated the drawdown correctly. I'm copying trades and haven't seen trades close in...
I look forward to hearing how your journey with them goes. I'm leaning towards the 5%ers 60k high stakes challenge myself. Please keep us updated.
Virtue signaling is for those who are devoid of actual virtue
  • #14,551
  • Mar 21, 2023 8:08am Mar 21, 2023 8:08am
Quoting zozon99
{quote} It looks good to me, if it really works like that... {image} {image} {image}
the company gives bonuses for positive 5star reviews.
be careful when using Trustpilot.
  • #14,552
  • Mar 21, 2023 9:13am Mar 21, 2023 9:13am
Anybody have any experience with finotive funding?
  • #14,553
  • Mar 21, 2023 9:28am Mar 21, 2023 9:28am
Quoting hfarooqui48
Anybody have any experience with finotive funding?
Trading with 2 acc at this moment, still on challenge phase-1. so far so good, only issue is, their cfd valuation is different for a different instrument. and requote and slippage.
  • #14,554
  • Mar 21, 2023 10:19am Mar 21, 2023 10:19am
MFF evaluation, I'm charged on forex 2$ per lot and not 1.5$ is this just for the demo? or they raised on your funded accounts the commissions to 2$?

also the charge the same on metals. While I remember from my spreadsheet that metals was just the spread included.
in holiday till end of November
  • #14,555
  • Mar 21, 2023 4:16pm Mar 21, 2023 4:16pm
Quoting hfarooqui48
Anybody have any experience with finotive funding?
They're legit so far but you have to see if their rules suit you in what concerns to the daily DD and also the 50% of the daily DD in a single position / symbol.

Besides that you also have to enter SL in all orders, maximum 1 minute after initiating the trade.
  • #14,556
  • Mar 21, 2023 4:40pm Mar 21, 2023 4:40pm
Quoting inversio
{quote} Trading with 2 acc at this moment, still on challenge phase-1. so far so good, only issue is, their cfd valuation is different for a different instrument. and requote and slippage.
What instruments are you trading with the CFD?
  • #14,557
  • Mar 21, 2023 8:52pm Mar 21, 2023 8:52pm
us30, us100, aus30, uk100, dax
  • #14,558
  • Mar 22, 2023 5:39am Mar 22, 2023 5:39am
Quoting inversio
{quote} Trading with 2 acc at this moment, still on challenge phase-1. so far so good, only issue is, their cfd valuation is different for a different instrument. and requote and slippage.
what do you mean by requote and slippage? I'm trading the challenge also phase 1.
  • #14,559
  • Mar 22, 2023 7:32am Mar 22, 2023 7:32am
I just want to share this great interview about ICT concepts and SMC
Inserted Video
Survival intelligence is more important than entry intelligence
AAMS Trinity Engine Return This Month: 0.3%
  • #14,560
  • Mar 22, 2023 11:02am Mar 22, 2023 11:02am
Quoting fx11trade
{quote} what do you mean by requote and slippage? I'm trading the challenge also phase 1.

Please search on Google to understand requote and slippage on forex mkt
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