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  • #15,501
  • May 9, 2023 9:02am May 9, 2023 9:02am
Quoting Vitore
I also read all contracts before signing and every single one contained a clause to allow the prop firm to terminate it basically anytime and for whatever reason.
-Yes, most firms have a clause somewhere.

Quoting Vitore
My only complain would be about much too small max initial capital (capped to 300K only)
-Doesn't MFFX offer 600k, or do they cap it somehow?
  • #15,502
  • May 9, 2023 9:18am May 9, 2023 9:18am
MyFundedFX on Twitter: "@I_Am_The_ICT saw you needed challenges for students Would love to sponsor some for your best students to trade on" / Twitter
and
The Funded Trader on Twitter: "New giveaway is going CRAZY! I have a better idea, @I_Am_The_ICT let us host a monthly competition for ICT traders only. 1st place gets $400k challenge 2nd place gets $300k challenge 3rd place gets $200k challenge 4 - 100 get free $10k challenge Let us see how many ICT…" / Twitter

Terrible look for both props twerking for this grifter. TFT is worse by gating the competition to ICT traders only.
  • #15,503
  • May 9, 2023 9:29am May 9, 2023 9:29am
Quoting Nsak3y
-Doesn't MFFX offer 600k, or do they cap it somehow?
You only get the cap of 600K with the combination of:
- One 300K 2 steps challenge
- One 300K single step challenge.

Not possible to get 2 challenges 2 step.

And their one step is trailing stop so it's not an option (to me)
  • #15,504
  • May 9, 2023 9:30am May 9, 2023 9:30am
Quoting Nsak3y
{quote}-Yes, most firms have a clause somewhere. {quote}-Doesn't MFFX offer 600k, or do they cap it somehow?
$300K for 1-step and $300K for 2-step for a combined max $600K across both programs. You can merge smaller challenges up to those levels for each program, and you can scale past that of course.
  • #15,505
  • May 9, 2023 9:33am May 9, 2023 9:33am
Prop firm twitter is even worse than prop firm discord.
The number of people shilling shit on the coat tails of over expressive egotistical firm owners is amazing. "YEH BRO THIS FIRM AMAZING BRO... I CAN GIVE AWAY 2 FREE ACCOUNTS!! BUY MY COURSE".

In the bubble chart we have hit mania.
  • #15,506
  • May 9, 2023 9:47am May 9, 2023 9:47am
Quoting Capablanca
You only get the cap of 600K with the combination
Quoting AaronPriest
$300K for 1-step and $300K for 2-step for a combined max $600K across both programs.
-Cheers.
  • #15,507
  • May 9, 2023 11:53am May 9, 2023 11:53am
Quoting Capablanca
{quote} You only get the cap of 600K with the combination of: - One 300K 2 steps challenge - One 300K single step challenge. Not possible to get 2 challenges 2 step. And their one step is trailing stop so it's not an option (to me)
right. I don't like their 1-step either
Money is made by sitting, not trading
  • #15,508
  • Edited 2:55pm May 9, 2023 2:44pm | Edited 2:55pm
OFP scam started . New invented scam now they are rejecting last month payment based on current month trading. Those who thinks direct funding firms doesn't scam see trust pilot reviews. They always pay 100-200$ payments but moment you go 5 digits they shit around....How a firm misses 95 trades out of 150 (only able to put 65 trades) thats unbelievable. Also they didn't even give statistics of traded month which they suppose to pay or consider.
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  • #15,509
  • May 9, 2023 3:01pm May 9, 2023 3:01pm
Quoting sampat
OFP scam started . New invented scam now they are rejecting last month payment based on current month trading. Those who thinks direct funding firms doesn't scam see trust pilot reviews. They always pay 100-200$ payments but moment you go 5 digits they shit around....How a firm misses 95 trades out of 150 (only able to put 65 trades) thats unbelievable. Also they didn't even give statistics of traded month which they suppose to pay or consider. {image}
I predict we will see this a lot very soon.
  • #15,510
  • May 9, 2023 3:04pm May 9, 2023 3:04pm
Overview Funding Program? Never heard of them. Anyone trading with a firm like this should probably maintain very realistic expectations.
  • #15,511
  • May 9, 2023 3:24pm May 9, 2023 3:24pm
Quoting Nsak3y
Overview Funding Program? Never heard of them. Anyone trading with a firm like this should probably maintain very realistic expectations.
Yep they are like MyForexFunds rapid, only difference is they give 40% instead of 10% plus they dont give live accounts after 3 months like rapid.
Actually this OFP has pretty strict rules like lot size consistency, you can't open and close trades within 2 minute, news trading restriction etc...
  • #15,512
  • May 10, 2023 2:24am May 10, 2023 2:24am
I bumped into the instant funding of Finotive Funding and it's strange because they seem to be giving a lot more than the fee charged.

A 100K normal instant account costs 2.100 USD with 8% max loss and profit split 55%.

Doing a direct calculation this is 55% of the 8K DD (8%) which is 4.400 USD, so more than the 2.100 USD charged.

I guess they make money with the other "complications" coming from additional rules like:
- 5% daily DD and only 2.5% per instrument
- 90 days duration - if not in profit the account is terminated, otherwise is reset
- Always trading with SL, which may lead to profit split reduction

Anyway seems different from other offers around in the instant funding arena. And they pay weekly understood correctly.
  • #15,513
  • May 10, 2023 2:30am May 10, 2023 2:30am
Fyi
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  • #15,514
  • May 10, 2023 4:39am May 10, 2023 4:39am
I am thinking about giving Finotive Funding two-step challenge a try. It seems that they have their own broker server. Anyone knows the usual spread and commission of EURUSD on their server?

Has someone in this thread got paid by Finotive?

Are there any drawbacks to their conditions and services? Thanks!
  • #15,515
  • May 10, 2023 6:18am May 10, 2023 6:18am
Quoting ladder
I am thinking about giving Finotive Funding two-step challenge a try. It seems that they have their own broker server. Anyone knows the usual spread and commission of EURUSD on their server? Has someone in this thread got paid by Finotive? Are there any drawbacks to their conditions and services? Thanks!
I got paid once by them, long time ago (and it was the fastest payout I ever received - requested in the morning and received in the afternoon). At that time if we blew the account we could purchase new challenges but if we got to funded we were capped to 25% until we paid back the loss of the previous account. So I blew the account and I did not retry them until they eliminated this rule. I'm trying them now again.

As far as I see in Telegram and Trust Pilot they seem to be paying and not much fuss around (except people that violated the rules). That's the main problem with Finotive. They have a couple of rules that you need to make sure that suits you, specially:
- Stop loss in all order (max 60 seconds to enter that after trade initiated)
- 5% daily loss but only 50% of that (2.5%) in a single instrument
It can be tough to track if you do a lot of daily trading. And they don't alert for this in real time. Only at the end of the challenge or at payout date.

They have, though, the fastest payout in funded accounts. Only 7 days, provided that you traded 2 of those days. However they don't refund the fee in first payout, like the other props. Only after one month if you are above the starting balance.
Payout is 75% but you find out codes that give you a discount and 80%.
  • #15,516
  • May 10, 2023 6:48am May 10, 2023 6:48am
Quoting Boulder
Fyi {image}
Regulation is coming.
  • #15,517
  • May 10, 2023 7:01am May 10, 2023 7:01am
Quoting Capablanca
{quote} They have a couple of rules that you need to make sure that suits you, specially: - Stop loss in all order (max 60 seconds to enter that after trade initiated) - 5% daily loss but only 50% of that (2.5%) in a single instrument It can be tough to track if you do a lot of daily trading. And they don't alert for this in real time. Only at the end of the challenge or at payout date. They have, though, the fastest payout in funded accounts. Only 7 days, provided that you traded 2 of those days. However they don't refund the fee in first payout,...
Thanks for the info!
I have read these rules on their website. I do day trading but with very low leverage and frequency, so the 2.5% daily loss rule is OK for me. I use Fxblue copier to copy trades from my account with another broker. In Fxblue copier, you can set a fixed Stop loss for each trade. All trades will be executed with a stop loss automatically.

I cannot see the spread and commission of EURUSD as they use their own server. Could you let us know what they are like during London session?
  • #15,518
  • May 10, 2023 7:28am May 10, 2023 7:28am
Quoting ladder
{quote} Thanks for the info! I have read these rules on their website. I do day trading but with very low leverage and frequency, so the 2.5% daily loss rule is OK for me. I use Fxblue copier to copy trades from my account with another broker. In Fxblue copier, you can set a fixed Stop loss for each trade. All trades will be executed with a stop loss automatically. I cannot see the spread and commission of EURUSD as they use their own server. Could you let us know what they are like during London session?

dose fxbloe offer cross platform option, I mean mt4>mt5 and vise versa
  • #15,519
  • May 10, 2023 7:42am May 10, 2023 7:42am
Quoting inversio
{quote} dose fxbloe offer cross platform option, I mean mt4>mt5 and vise versa
Yes, you can copy from MT4 to MT5, and vise versa.
  • #15,520
  • May 10, 2023 7:45am May 10, 2023 7:45am
Quoting ladder
{quote} Thanks for the info! I have read these rules on their website. I do day trading but with very low leverage and frequency, so the 2.5% daily loss rule is OK for me. I use Fxblue copier to copy trades from my account with another broker. In Fxblue copier, you can set a fixed Stop loss for each trade. All trades will be executed with a stop loss automatically. I cannot see the spread and commission of EURUSD as they use their own server. Could you let us know what they are like during London session?
EURUSD most of the time has 0.1 to 0.2 pip spread during London session.
Execution is also good, usually I don't experience more than 0.1 or 0.2 (I trade small lots, like 4 or 5). Sometimes zero.
I'm talking about challenge but I remember that they didn't have almost any slippage when I had the funded account as well (I know this is not good because it's not real conditions).
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