Prop Firm Hub | Page 781 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #15,601
  • May 11, 2023 11:40am May 11, 2023 11:40am
Quoting Takisd
A prop firm run by a retail trader just means its run by another failed trader.
-Ha! Your confidence in retail traders is flattering.

When gauging a firm, I would like to think that I would give more weight to the offering than I would to the man behind the offering, however, as we have seen in Jessica's case, that is probably not a wise rule of thumb.
  • #15,602
  • May 11, 2023 11:57am May 11, 2023 11:57am
Quoting Nsak3y
{quote}-Ha! Your confidence in retail traders is flattering. When gauging a firm, I would like to think that I would give more weight to the offering than I would to the man behind the offering, however, as we have seen in Jessica's case, that is probably not a wise rule of thumb.
What do you mean? Jessica put her full weight behind her offering
  • #15,603
  • May 11, 2023 11:58am May 11, 2023 11:58am
Quoting Nsak3y
{quote}-Paying for positive reviews is a bad idea, especially since most of the time, they are not disclosed as such, which is in violation of the FTC Act. Maybe a sabotage attempt? Most people would probably agree that MFF does not need to pay for reviews.
the site i know 100% gets paid for rankings is currently paid by e8 and fundednext at the very least.
  • #15,604
  • May 11, 2023 12:01pm May 11, 2023 12:01pm
Quoting Nsak3y
{quote}-Paying for positive reviews is a bad idea, especially since most of the time, they are not disclosed as such, which is in violation of the FTC Act. Maybe a sabotage attempt? Most people would probably agree that MFF does not need to pay for reviews.
Yep, MFF doesn't need this because has already a good reputation.

But the point from this message is that most of the firms are target for these services and are probably buying reviews.
So we should never believe much of what we read around. Or at least try to filter things and check for negative opinions (and understand if they are legitim or just an idiot that didn't follow the rules or trader 100 lots during news).

I like to read the experiences in this topic. Most of them are genuine, honest and transparent (and when they aren't we can smell the bs miles away).
  • #15,605
  • May 11, 2023 12:03pm May 11, 2023 12:03pm
Quoting Takisd
{quote} the site i know 100% gets paid for rankings is currently paid by e8 and fundednext at the very least.
You mean the traffic stats ? Funded next is always 4th or 5th which is ridiculous when we know how bad they are.

The guy obsessed with that is Angelo from TFT
  • #15,606
  • May 11, 2023 1:10pm May 11, 2023 1:10pm
Quoting Capablanca
But the point from this message is that most of the firms are target for these services and are probably buying reviews. So we should never believe much of what we read around. Or at least try to filter things and check for negative opinions (and understand if they are legitim or just an idiot that didn't follow the rules or trader 100 lots during news).
-For sure. I think that most understand that as well. I would say that, especially the younger generations, are not as easily fooled by fake reviews like the way things used to be a few decades ago. I like to think that people are more savvy about that sort of thing now. Although, I do think that many people still do not understand what is legal or ethical, though. Some might suspect, but just not care.
  • #15,607
  • May 11, 2023 1:12pm May 11, 2023 1:12pm
Quoting Capablanca
{quote} Yep, MFF doesn't need this because has already a good reputation. But the point from this message is that most of the firms are target for these services and are probably buying reviews. So we should never believe much of what we read around. Or at least try to filter things and check for negative opinions (and understand if they are legitim or just an idiot that didn't follow the rules or trader 100 lots during news). I like to read the experiences in this topic. Most of them are genuine, honest and transparent (and when they aren't we...
It's why I love this thread. By far, the best resource on the props. 99% here are genuine, honest reviews (from real users), truly looking to help others. As you stated, between all of us, we have a good nose for the bullshit and can spot it a mile away.
  • #15,608
  • May 11, 2023 1:34pm May 11, 2023 1:34pm
Quoting Capablanca
{quote} You mean the traffic stats ? Funded next is always 4th or 5th which is ridiculous when we know how bad they are. The guy obsessed with that is Angelo from TFT
The traffic stats he posts are bad. If you use semrush his own stats are drastically worse than he posts so he seems to cherry pick the best for him.

Also e8 and fundednext bot traffic which is very obvious from the SEO rankings.
  • #15,609
  • May 11, 2023 1:35pm May 11, 2023 1:35pm
Quoting pipmaster77
{quote} It's why I love this thread. By far, the best resource on the props. 99% here are genuine, honest reviews (from real users), truly looking to help others. As you stated, between all of us, we have a good nose for the bullshit and can spot it a mile away.
One of the owners of one of these review sites (the one i mention) operates in this thread. But I dont want to be sued so.. I cant expose.
  • #15,610
  • May 11, 2023 7:16pm May 11, 2023 7:16pm
Quoting pipmaster77
{quote} That's MFF you are displaying in your post (TradersGlobalGroup), not MFFX. Do you think MFF is folding? I'd have to highly disagree there. Are you trying to combine MFF accounts or MFFX?
yes, combination for MFF accounts. I have closed all position on 3 accounts and have to wait for pay out to combine them.
  • #15,611
  • May 12, 2023 3:59am May 12, 2023 3:59am
Quoting Nsak3y
{quote}-Thanks for sharing. Just glancing, prices are not great and they have a questionable rule: "In our Terms and Conditions, it is stated that all transactions made within trading accounts of our proprietary firm must not interfere with the functioning of the real market. Individual transactions and/or entire accounts could be annulled if this were the case. As for The Funded engineer accounts, these positions would not be subject to a profit split and the contract is at risk of being terminated. But what does the contradiction with the real...
Thank you for that, I hadn't done the due diligence jumping into the terms.

That's a bizarre rule, I used lower tf's with limit orders to help cut spreads and slippage so another prop to avoid.
  • #15,612
  • May 12, 2023 6:56am May 12, 2023 6:56am
Quoting pipmaster77
{quote} It's why I love this thread. By far, the best resource on the props. 99% here are genuine, honest reviews (from real users), truly looking to help others. As you stated, between all of us, we have a good nose for the bullshit and can spot it a mile away.
Outstanding post !

For those willing to part with the fee it sure feels better knowing if some of the great members of this thread had made comment about or participated in the applicable Prop Firm.

Member helping member.

Masterrmind ..............
Master your Mind then Master your Trades
  • #15,613
  • May 12, 2023 7:07am May 12, 2023 7:07am
Quoting Vitore
{quote} I was pretty sure adding to winners is not martingale but they insist on it. And they are not worth my time to argue and it wouldn't change anything anyways. I was suspicious before paying them for the challenge because I spoke with their CEO and CFO on their discord and had a bad feeling about them. Something like this was to be expected. Better now then after a month with a huge virtual profit.
In the Discord chat this morning they said you can scale into positions that are in profit. I wonder why they wouldn't allow it for you?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 41 KB
  • #15,614
  • May 12, 2023 7:28am May 12, 2023 7:28am
Quoting AaronPriest
{quote} In the Discord chat this morning they said you can scale into positions that are in profit. I wonder why they wouldn't allow it for you? {image}
Another thing: reading this by the book means that 2 entries are already a martingale if the first positions is not in profit when you enter the second.

This BeSpoke is very shady indeed, worse that TCF (at least those scammers had the definition of martingale very clear).
  • #15,615
  • May 12, 2023 7:32am May 12, 2023 7:32am
Quoting Capablanca
{quote} Another thing: reading this by the book means that 2 entries are already a martingale if the first positions is not in profit when you enter the second. This BeSpoke is very shady indeed, worse that TCF (at least those scammers had the definition of martingale very clear).
Yeah, their FAQ says they don't allow grid trading either. So technically speaking, don't open more than 1 trade per symbol unless it's a single hedge in the opposite direction. I'm unclear when they determine a scale in to be grid or martingale though. Do you need your SL to be above break even before the next trade is opened? Or are none of the scaled trades EVER able to dip below entry after opening? They aren't real clear on when they determine a profitable scale in to be grid trading.
  • #15,616
  • May 12, 2023 8:11am May 12, 2023 8:11am
Quoting Vitore
Ok guys, time for another story to share. BFP - Business Fu*k you Program or what do they call themselves Paid for their 400K account (I know I know). But I used their promo action for 125% refund and 7.5% of phase 1+2 profits and it seemed like a good chance to get back ~400%. Passed evaluation and verification. Then I was waiting for the funded account for 7 DAYS. Yes. The whole week. During which I was being assured I will get it soon. Well, what I got instead was an email stating I hard breached their martingale rule (SURPRISE SURPRISE!!!) For...

could u plz share the full name, cant address by bfp.
  • #15,617
  • May 12, 2023 8:12am May 12, 2023 8:12am
Quoting AaronPriest
{quote} Yeah, their FAQ says they don't allow grid trading either. So technically speaking, don't open more than 1 trade per symbol unless it's a single hedge in the opposite direction. I'm unclear when they determine a scale in to be grid or martingale though. Do you need your SL to be above break even before the next trade is opened? Or are none of the scaled trades EVER able to dip below entry after opening? They aren't real clear on when they determine a profitable scale in to be grid trading.
Yep, even with the old red news they were always very elusive until admitting that red news were affecting all trades and not just the related instruments (this rule was eliminated now, just to be clear).

I wonder where did you see that grid is forbidden ? I know it is but I could not find anything in their site when Vitore mentioned the problem with them. I could only find the rules I stated here but none are grid.
Do you have a link or a quote for that ? Thanks.
  • #15,618
  • May 12, 2023 8:12am May 12, 2023 8:12am
Quoting AaronPriest
{quote} Yeah, their FAQ says they don't allow grid trading either. So technically speaking, don't open more than 1 trade per symbol unless it's a single hedge in the opposite direction. I'm unclear when they determine a scale in to be grid or martingale though. Do you need your SL to be above break even before the next trade is opened? Or are none of the scaled trades EVER able to dip below entry after opening? They aren't real clear on when they determine a profitable scale in to be grid trading.
Yes, that would be the other issue. Scale into a winner and overall position goes against you. The first issue is they are defing any second entry onto a losing position as martinglae. THIS IS NOT MARTINGALE.
Not sure about everyone else, but almost all of my positions have more than one entry, I can then peel on and off as I see fit. So what they are saying is I can go 5 lots on a single entry, and risk say 2%, but I cannot have 5 entries of 1 lot each at 0.4% risk per (same 2%) risk?
Guess what firm I will NEVER be using?
  • #15,619
  • May 12, 2023 8:13am May 12, 2023 8:13am
Quoting inversio
{quote} could u plz share the full name, cant address by bfp.
BeSpoke Funding
  • #15,620
  • May 12, 2023 8:15am May 12, 2023 8:15am
Quoting AaronPriest
{quote} In the Discord chat this morning they said you can scale into positions that are in profit. I wonder why they wouldn't allow it for you? {image}
Jeez, following the price in the trend direction(in BFP terms) would be more dangerous than scaling in since your SL has to get bigger instead of smaller. That makes no sense if you like to spread orders through an orderblock/fibs levels.
178 traders viewing now