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  • #15,121
  • Apr 19, 2023 8:23am Apr 19, 2023 8:23am
Quoting pipmaster77
{quote} Above is how to play this game. Period.
MFF offers the best value for your money....their challenges are the least expensive, they offer the easiest target in phase 1....8% with 12% DD, which also means once live you have 12% DD. They pay 2% phase 1, 4% phase 2 and something like 113% back on fee, it's like 180% of your fee refunded with the 1 and 2 bonuses. They have excellent conditions, no payout issues, proof of very large payouts and yet people say, Yep, I'm going to go with BigPipFunding or gutstofail, THEN I'll try out MFF.........somebody please explain this logic.
  • #15,122
  • Apr 19, 2023 8:26am Apr 19, 2023 8:26am
Quoting Cryptosurf
{quote} Im not upset, rather found your pursuit and promotion of some type holy grail system idiotic. Especially if your a supposed trader with 30 years of experience as you claim. Especially when you make fanciful claims like: "Trade a big demo aggressively and with confidence, and risk how much you want without think to much to risk management. Be free and aggressive. Trade anything you want and even on news."
yes sorry for that you are right
in holiday till end of November
  • #15,123
  • Apr 19, 2023 8:28am Apr 19, 2023 8:28am
Quoting pipmaster77
{quote} MFF offers the best value for your money....their challenges are the least expensive, they offer the easiest target in phase 1....8% with 12% DD, which also means once live you have 12% DD. They pay 2% phase 1, 4% phase 2 and something like 113% back on fee, it's like 180% of your fee refunded with the 1 and 2 bonuses. They have excellent conditions, no payout issues, proof of very large payouts and yet people say, Yep, I'm going to go with BigPipFunding or gutstofail, THEN I'll try out MFF.........somebody please explain this logic.
I would go first with MFFX and after with MFF (perhaps in my case I like more FTMO even if harder.... with 10% profit target and less DD, because I can trade crypto over week end and better spread on it)

can you find to me something so negative (different from the eightcap broker or DD at 8% instead of 12%) to choose now MFFX as first challenge because of the "no limit" days pressure? or you would accept this logic? I mean the key of MFFX is to be a no limit phase 2 challenge.
in holiday till end of November
  • #15,124
  • Apr 19, 2023 9:11am Apr 19, 2023 9:11am
Quoting pipmaster77
{quote} MFF offers the best value for your money....their challenges are the least expensive, they offer the easiest target in phase 1....8% with 12% DD, which also means once live you have 12% DD. They pay 2% phase 1, 4% phase 2 and something like 113% back on fee, it's like 180% of your fee refunded with the 1 and 2 bonuses. They have excellent conditions, no payout issues, proof of very large payouts and yet people say, Yep, I'm going to go with BigPipFunding or gutstofail, THEN I'll try out MFF.........somebody please explain this logic.
No time limit or longer time limit to pass. 30 day max time limit forces you to gamble and I'm not interested in donating my money to FTMO etc. It's once again all about the risk.
  • #15,125
  • Apr 19, 2023 9:15am Apr 19, 2023 9:15am
Quoting acetrader
{quote} Takisd, You are a respected member here of many years. You have caught my attention in reference to E8 & Surge Trader. What say you about Bespoke & 5%er's? Your views & comments would be most appreciated.
I dont know bespoke as i have given up adding new firms because i had to sacrifice some for having too many to start with. Surge is crap, the company is crap, the conditions are crap, the marketing is crap. Trailing DD? Its enough to not use the company, but the egotistical marketing they do is enough. We already have one egotistical wannabe at TFT but now we have two.

Any company promoting luxury lifestyle products in their marketing should be shunned to hell as it tells us a lot about how much they are willing to lie to someone. FTMO, MFF even e8 have chosen to market in a way that is honest about the offering but does not promote the unattainable and they are still successful, so the obscene low IQ marketing with cars/boats/planes really shows how little effort the company goes to in order to win your business and it also shows the true greed of the entity.

Truthfully in the propfirm space all you really need to do is match MFF's conditions and post in telegram groups and you can develop yourself a userbase as the losing traders blame the prop firm and not themselves for their failures so are always looking to move to a new one.

Originally when there was 10 firms it was more interesting to test the new ones to see how they functioned, but now its pointless as most of them are just OOTB solutions from one or two tech providers with the same trading servers (eightcap or white label of eightcap) and the same dashboard reskinned. Ultimately, they are all the same minus the original ones. This won't really change because metatrader does not give out metatrader 4 servers anymore and MT5 is less desirable. On top of that the actual people operating most of these firms have no idea about bridge tech, liquidity or the capabilities of dealing with the rat infested cesspool that is institutional FX. So eightcap offers them an easy solution for a fee per user. But eightcap itself is an unsavory brand but thats a rabbithole i prefer not to go down.

If the5ers did move to eightcap, I would give them a miss. I haven't used them as I do not like the model, but they are one of the most reputable along with FTMO and MFF and are the second oldest of the famous ones with FTMO being oldest. If the model is of interest to you and you have no problem with their trading conditions/servers/etc then why not its the safest bet for that model outside of MFF accelerated.

A word of warning to the guys trying these new firms, market is volatile lately so there are far more losers in the market, when it ranges thats when we will know just who the scams are.
  • #15,126
  • Apr 19, 2023 9:32am Apr 19, 2023 9:32am
Quoting Takisd
{quote} I dont know bespoke as i have given up adding new firms because i had to sacrifice some for having too many to start with. Surge is crap, the company is crap, the conditions are crap, the marketing is crap. Trailing DD? Its enough to not use the company, but the egotistical marketing they do is enough. We already have one egotistical wannabe at TFT but now we have two. Any company promoting luxury lifestyle products in their marketing should be shunned to hell as it tells us a lot about how much they are willing to lie to someone. FTMO,...
Most of the new props can survive as long they receive a constant inflow of new clients as that's how the ponzi schemes work. The increased competition will eventually force companies like FTMO to improve their terms. Right now there seems to be a huge boom in the prop market place and new client potential is almost endless. Just think about the US clientele who have been blocked out from the forex markets but now feel confident enough to join again via prop firms.
  • #15,127
  • Edited 10:34am Apr 19, 2023 10:17am | Edited 10:34am
Quoting pipmaster77
{quote} MFF offers the best value for your money....their challenges are the least expensive, they offer the easiest target in phase 1....8% with 12% DD, which also means once live you have 12% DD. They pay 2% phase 1, 4% phase 2 and something like 113% back on fee, it's like 180% of your fee refunded with the 1 and 2 bonuses. They have excellent conditions, no payout issues, proof of very large payouts and yet people say, Yep, I'm going to go with BigPipFunding or gutstofail, THEN I'll try out MFF.........somebody please explain this logic.
You're right from the rational point of view. I would never take BigPip or Gutstofail over MFF.

On the other hand, I still prefer other firms. Those that offer me shorter time to get first payment, even higher refund (MFF max is about 194% with all bonuses, MFFX reached nearly 270% a few weeks back with their promo, BFP offers 350% right now), those that work flawlessly with Duplikium (MFF has so many issues all the time which costs me money, sometime even whole account) or that allow trading bigger index positions on large accounts (MFF is quite limited with their max 100 indices per order which is not enough for my SP500).

Yes, MFF has the best score. But the score is "inflated" by their 12% total DD which is not so much important to me. When you reach -10% you are almost screwed anyway. Ideally you should never get below some 5-6%. Paradoxically I prefer firms that set me the line at 8% because they make me trade less aggressively which is good for me in the long run :-)
Money is made by sitting, not trading
  • #15,128
  • Apr 19, 2023 11:54am Apr 19, 2023 11:54am
Hi Vitore,

What do you think of the owner of MyFundedFX?

He started trading in 2018, but has already been 'a successful financial and tech services entrepreneur and trader in the forex, options, stock, and crypto industries.' How successful is he as a trader? In just 4 years?
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  • #15,129
  • Apr 19, 2023 12:52pm Apr 19, 2023 12:52pm
Quoting ladder
Hi Vitore, What do you think of the owner of MyFundedFX? He started trading in 2018, but has already been 'a successful financial and tech services entrepreneur and trader in the forex, options, stock, and crypto industries.' How successful is he as a trader? In just 4 years? {image}
Otakar Suffner was 22, with about 5 years of trading experience, when he founded zalozucet.cz, later rebranded to FTMO. Nobody believed his idea could work and that he would become CEO of the market leader in a retail prop business.

Age is just a number and everyone needs different time to achieve mastery in some discipline. I trade since 2016 and does it make me better trader than MattL or worse trader than Otakar? I don't think so.

I don't know Matt, neither do I know Otakar, but they both run successful companies. Which does not mean they cannot go bankrupt next year or even next month. But as long as they stay in the business, keep paying to their traders and treat them with respect I'm happy.
Money is made by sitting, not trading
  • #15,130
  • Apr 19, 2023 2:25pm Apr 19, 2023 2:25pm
Quoting Takisd
{quote} I dont know bespoke as i have given up adding new firms because i had to sacrifice some for having too many to start with. Surge is crap, the company is crap, the conditions are crap, the marketing is crap. Trailing DD? Its enough to not use the company, but the egotistical marketing they do is enough. We already have one egotistical wannabe at TFT but now we have two. Any company promoting luxury lifestyle products in their marketing should be shunned to hell as it tells us a lot about how much they are willing to lie to someone. FTMO,...
Takisd,

Thank you for that very informative response. Will decide on one in the next two weeks. If 5%er's is connected with EightCap , then they are off the short list. Then there is MFF, Bespoke, E8 & My Funded Fx. Being a non-USA Prop Firm doesn't really concern me. Focused more on the quality of the firm itself.

Of all the Prop Firms which is the oldest & the most reliable from your experience? This business is littered with Rabbit holes & rat holes.
  • #15,131
  • Apr 19, 2023 2:33pm Apr 19, 2023 2:33pm
I have an account with The5ers and it is not with Eightcap. I haven't seen any proof of any 5ers accounts on an Eightcap server yet, only rumors. I don't think it's true, unless it's new accounts, but no one has shown evidence of it yet.
  • #15,132
  • Apr 19, 2023 3:05pm Apr 19, 2023 3:05pm
Quoting acetrader
{quote} Takisd, Thank you for that very informative response. Will decide on one in the next two weeks. If 5%er's is connected with EightCap , then they are off the short list. Then there is MFF, Bespoke, E8 & My Funded Fx. Being a non-USA Prop Firm doesn't really concern me. Focused more on the quality of the firm itself. Of all the Prop Firms which is the oldest & the most reliable from your experience? This business is littered with Rabbit holes & rat holes.
If being a 8cap is a no go for you then you have to drop Bespoke and MFFFx as well, unless they have dual choice of brokers.
  • #15,133
  • Apr 19, 2023 3:36pm Apr 19, 2023 3:36pm
I got an email from elevatethetalent today(No idea how they got my email address) Another copypaste 8cap prop but they are offering 14% max DD and 8% profit targets on a 250k account.

Anyone hear of them? I'm interested in trying to speedrun a challenge with those terms if they are legit
  • #15,134
  • Apr 19, 2023 7:29pm Apr 19, 2023 7:29pm
Quoting Capablanca
{quote} If being a 8cap is a no go for you then you have to drop Bespoke and MFFFx as well, unless they have dual choice of brokers.
Hi Capablanca,
I have just discovered that. Not sure which one to try now. Maybe the 5%er's after all. Thank you for sharing.
  • #15,135
  • Apr 19, 2023 7:50pm Apr 19, 2023 7:50pm
ELEVATE TALENTS.

New firm.

Trading objectives similar but better than MFF.

100K - 475 $.

US based firm.
Intraday only.
  • #15,136
  • Apr 19, 2023 9:25pm Apr 19, 2023 9:25pm
Quoting navk
ELEVATE TALENTS. New firm. Trading objectives similar but better than MFF. 100K - 475 $. US based firm.
With a sketchy address associated with known scams.
https://www.elevatethetalent.com/contact-us/

Recent article: https://www.thesheridanpress.com/new...2de685e62.html
Trade with confidence, trade without fear.
  • #15,137
  • Edited Apr 20, 2023 12:55am Apr 19, 2023 10:53pm | Edited Apr 20, 2023 12:55am
Quoting Cryptosurf
With a sketchy address associated with known scams. https://www.elevatethetalent.com/contact-us/ Recent article: https://www.thesheridanpress.com/new...2de685e62.html
-Not defending the firm, because I know nothing about it, but this address appears to be for a registered agent service, so any information about scammers operating from here may not tell us much.
  • #15,138
  • Apr 19, 2023 11:22pm Apr 19, 2023 11:22pm
Quoting navk
ELEVATE TALENTS. New firm. Trading objectives similar but better than MFF. 100K - 475 $. US based firm.
Prop firm are just too many lately

I am trying 5ers cool price for 100k but the rules is hard scale up to 4million bootcamp
MY OPINION NOT FINANCIAL ADVISE
  • #15,139
  • Apr 19, 2023 11:25pm Apr 19, 2023 11:25pm
Quoting AaronPriest
I have an account with The5ers and it is not with Eightcap. I haven't seen any proof of any 5ers accounts on an Eightcap server yet, only rumors. I don't think it's true, unless it's new accounts, but no one has shown evidence of it yet.

5ers have there own liquidity they don’t use brokers
MY OPINION NOT FINANCIAL ADVISE
  • #15,140
  • Apr 19, 2023 11:47pm Apr 19, 2023 11:47pm
Quoting smiley1910
I got an email from elevatethetalent today(No idea how they got my email address) Another copypaste 8cap prop but they are offering 14% max DD and 8% profit targets on a 250k account. Anyone hear of them? I'm interested in trying to speedrun a challenge with those terms if they are legit
Here's my sarcastic assessment of elevate
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Just because we are located in Wyoming doesn't mean we have to speak proper English.
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And don't worry, we spent the extra 3 seconds on our risk disclosure to let you know in advance it's not our problem.
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Pride always comes before destruction.... -Proverbs 16:18
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