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  • #15,861
  • May 21, 2023 9:51pm May 21, 2023 9:51pm
Quoting pipmaster77
Right. Where I look at the unlimited max time as the beneift, I bet 90% look at the no minimum as the selling point.
-Right. I personally look at both as beneficial. In terms of what I think is beneficial for the firm is a different story, though.

Quoting pipmaster77
slow and steady will ALWAYS outperform YOLO/ all-in trading.
-In terms of longevity, absolutely. I can personally attest to this and say that, without a doubt, you will always fare better over the long-term if you take on less risk. You can still make very good profit by trading very conservatively, though. The trick is to acquire as much capital as possible and spread it out across multiple accounts (and firms) so that you can trade very small and still profit very big. This is, by far, the best approach.

But I do not say this because it is not sustainable to trade big all of the time, since that is a given. I say this because it is not healthy for the longevity of the remote prop model. For example, 100k a week is very doable with these firms, but how many times are you going to do that before a firm blacklists you? It is simply selfish to try to do that because you risk ruining the party for everyone. Just my opinion.

Generating 12k-20k USD per month (net profit, after split and after taxes) should be sufficient for most people.
  • #15,862
  • May 21, 2023 10:00pm May 21, 2023 10:00pm
Quoting sampat
I believe they will not change as longer the withdrawal less chances for trader to withdraw.
-I believe that time-to-payout and trading downtime after payout are things that can and should be improved on at most firms. That being said, if having a longer time-to-payout is necessary for a firm to sustain their business model, then so be it. However, once new firms come along and offer better conditions, and can prove that it is sustainable, then the pressure may increase for firms to reconsider.

Some firms have VIP programs, but my hope is that such programs are serving as a beta phase for larger a rollout, since it should be offered to everyone if it can be.

In general, I think that many firms will be inclined to improve things for their traders if they can do so and still sustain the model without taking on too much risk. I cannot say this about all firms, though, as some appear to just be setting traps.
  • #15,863
  • May 22, 2023 12:11am May 22, 2023 12:11am
Hi guys,
For any of you guys that are using my forex funds and trade fx pairs with them, how is the slippage and executions if you avoid news. Been hearing many mixed things, some people tell me the slippage is minimal or rare, others say it is super bad. Was wondering if someone could provide me with some info
  • #15,864
  • May 22, 2023 1:02am May 22, 2023 1:02am
Quoting Expo33
TFT with 20% coupon offering 100K account for $439 with a 12% drawdown. Looks like MFF needs to lower its prices. See where I'm going with this?
We would expect pricing to be according with some "reliability and usage" ranking. In that sense MFF (and FTMO) should be the most expensive and incumbents should be the cheapest.

The interesting thing is that MFFx is still an incumbent and is one of the most expensive props.

Or, looking in a different perspective, MFF is the leader and is the cheaper of all around (maybe only losing to Finotive, I'm not sure)
  • #15,865
  • May 22, 2023 2:14am May 22, 2023 2:14am
Speaking of the "other factors" people may value more than the DD, one of the more important ones for me is the scaleup plan - how much I can get and when.

All the traditional and well established firms fail miserably. The best one of all in this area - TFT - let you buy a "mere" 600K and it takes you 2.5 years to get to their max funding level (1.5M). The others are worse, some of them substantially.

On the other side of the spectrum there's a very new firm (FXIFY) which offers the max of 775K which can be scaled up to 7.75M as soon as in 12 months.

As others stated already - the DD is not the most important factor and neither is the fee (when you believe you can pass and get it back anyway). There might be much more important qualities for which some traders may be willing to pay a premium
Money is made by sitting, not trading
  • #15,866
  • May 22, 2023 2:24am May 22, 2023 2:24am
Quoting Vitore
Speaking of the "other factors" people may value more than the DD, one of the more important ones for me is the scaleup plan - how much I can get and when. All the traditional and well established firms fail miserably. The best one of all in this area - TFT - let you buy a "mere" 600K and it takes you 2.5 years to get to their max funding level (1.5M). The others are worse, some of them substantially. On the other side of the spectrum there's a very new firm (FXIFY) which offers the max of 775K which can be scaled up to 7.75M as soon as in 12 months....
Check out these firms for good 1-phase and scaling terms:

FundedNext - new Stellar challenge (balance based daily DD)
TheTradingPit - Standard challenge
Instantfunding.io - doubles every time you hit profit target
  • #15,867
  • May 22, 2023 3:14am May 22, 2023 3:14am
Quoting TraderTero
{quote} Check out these firms for good 1-phase and scaling terms: FundedNext - new Stellar challenge (balance based daily DD) TheTradingPit - Standard challenge Instantfunding.io - doubles every time you hit profit target
Check out their rules:

FundedNext - I'm with them currently, though on 2-phase. Their max is 4M but very slow scale up (takes over 10 years to get there). One step either has consistency rule or only 25% of funds
TheTradingPit - consistency rule, daily DD 1-3%, total DD 3-5% on VIP, other programs are even trailing, profit split 60-80% on VIP, others are even lower
Instantfunding.io - daily DD 3%, trailing DD, only 1.25M max

vs FXIFY - no consistency rule or other nonsense, daily DD 5%, total DD 10% both static and balance based, profit split 75-90%
Money is made by sitting, not trading
  • #15,868
  • May 22, 2023 3:30am May 22, 2023 3:30am
Wats the point in scaling if the institutional leverage gets chopped hard after 1m ? have we knowledge of the market we trade in?
  • #15,869
  • May 22, 2023 3:44am May 22, 2023 3:44am
Quoting Vitore
{quote} Check out their rules: FundedNext - I'm with them currently, though on 2-phase. Their max is 4M but very slow scale up (takes over 10 years to get there). One step either has consistency rule or only 25% of funds TheTradingPit - consistency rule, daily DD 1-3%, total DD 3-5% on VIP, other programs are even trailing, profit split 60-80% on VIP, others are even lower Instantfunding.io - daily DD 3%, trailing DD, only 1.25M max vs FXIFY - no consistency rule or other nonsense, daily DD 5%, total DD 10% both static and balance based, profit...
FundedNext: There is no consistency rule for the Stellar Challenge Program. Scaling is slow but you can use the refundable fee to buy new challenges and scale that way. $3 per lot fee is a plus

TheTradingPit - you can withdraw all profits and scale up. My experience with their broker FxFlat has been good so far.

Instantfunding - the same, you can scale and withdraw all profits.

I don't care about the trailing DD during the challenge so much as I cut losses early.

FXIFY uses FxPig and my previous experience with them has not been the greatest regarding slippage and spreads. A lot depends of course on your strategy and those three seem to be working well for me. However, I'm also obviously using several others with different types of accounts.
  • #15,870
  • May 22, 2023 3:47am May 22, 2023 3:47am
Quoting Takisd
Wats the point in scaling if the institutional leverage gets chopped hard after 1m ? have we knowledge of the market we trade in?
the offered leverage is 1:10 but for such a large account I wouldn't use more than about 1:2. More likely 1:1. Is that still a problem?
Moreover, the amount would be spread across 5 accounts
Money is made by sitting, not trading
  • #15,871
  • May 22, 2023 3:51am May 22, 2023 3:51am
Quoting Takisd
Wats the point in scaling if the institutional leverage gets chopped hard after 1m ? have we knowledge of the market we trade in?
-Which market is that?

I would prefer having more capital allocation than scaling, personally. Both are bad for firms, though.
  • #15,872
  • May 22, 2023 4:13am May 22, 2023 4:13am
Quoting Nsak3y
{quote}-Which market is that? I would prefer having more capital allocation than scaling, personally. Both are bad for firms, though.
I would also prefer buying more capital right away but no prop firm, other then Bespoke, let you buy more than about 600-800K afaik. And Bespoke doesn't let you get funded when you buy it
Anything more is via scaling up
Money is made by sitting, not trading
  • #15,873
  • May 22, 2023 4:47am May 22, 2023 4:47am
Quoting Takisd
Wats the point in scaling if the institutional leverage gets chopped hard after 1m ? have we knowledge of the market we trade in?
I would say that even at 1:10 is pretty good to have 1M with a 8% or 10% DD, specially if that 1M comes for free (literally), which is the case in props where we scale, no matter if we withdraw.
It's a pity that scaling is so slow in most of the firms, though.
  • #15,874
  • May 22, 2023 5:13am May 22, 2023 5:13am
Quoting Capablanca
{quote} I would say that even at 1:10 is pretty good to have 1M with a 8% or 10% DD, specially if that 1M comes for free (literally), which is the case in props where we scale, no matter if we withdraw. It's a pity that scaling is so slow in most of the firms, though.
Does the slow scaling really matter? Just spend for example 10K from your profits to buy 20 100K 1 or 2 step challenges from 10-20 props, repeat that a couple of times and you will soon have some 6M in equity.
  • #15,875
  • May 22, 2023 5:33am May 22, 2023 5:33am
Quoting TraderTero
{quote} Does the slow scaling really matter? Just spend for example 10K from your profits to buy 20 100K 1 or 2 step challenges from 10-20 props, repeat that a couple of times and you will soon have some 6M in equity.
We could do that, yes, but doesn't come for free because, even if you make it to funded and after that you make it to payout and receive the fee, you will fail some challenges anyway.

So, it's a different thing IMO. Scaling really comes 100% free in those companies that let you withdraw.
  • #15,876
  • May 22, 2023 5:56am May 22, 2023 5:56am
Quoting TraderTero
{quote} Does the slow scaling really matter? Just spend for example 10K from your profits to buy 20 100K 1 or 2 step challenges from 10-20 props, repeat that a couple of times and you will soon have some 6M in equity.
There is only handful of prop firms worth trying, let alone investing into. Most are not reliable, apply nonsensical rules, etc. etc.
You find ~5 when you're lucky. With those you can buy about 1-1.5M at max
Money is made by sitting, not trading
  • #15,877
  • May 22, 2023 6:16am May 22, 2023 6:16am
Quoting Vitore
{quote} There is only handful of prop firms worth trying, let alone investing into. Most are not reliable, apply nonsensical rules, etc. etc. You find ~5 when you're lucky. With those you can buy about 1-1.5M at max
With FTMO,MFF,TFTP and TFF, you can get 2 million total before any scaling.
  • #15,878
  • May 22, 2023 6:22am May 22, 2023 6:22am
Quoting pipmaster77
{quote} With FTMO,MFF,TFTP and TFF, you can get 2 million total before any scaling.
true, but TFTP and TFF are not a good choice anymore. TFTP for its broker issues and insane trading costs, TFF for not communication with their customers and approach to solving any issues. Even FTMO is getting questionable.

So we basically have only MFF (which is a no go for me personally for their server issues with Duplikium but others most likely don't care)
Money is made by sitting, not trading
  • #15,879
  • May 22, 2023 6:38am May 22, 2023 6:38am
Quoting Vitore
{quote} true, but TFTP and TFF are not a good choice anymore. TFTP for its broker issues and insane trading costs, TFF for not communication with their customers and approach to solving any issues. Even FTMO is getting questionable. So we basically have only MFF (which is a no go for me personally for their server issues with Duplikium but others most likely don't care)
Agreed, TFF is a straight up scam in my experience with them. Im only with MFF and FTMO and have never had a problem with them. Im not sure what questionable issues people are having with FTMO.
Trade with confidence, trade without fear.
  • #15,880
  • May 22, 2023 6:48am May 22, 2023 6:48am
Quoting Cryptosurf
{quote} Agreed, TFF is a straight up scam in my experience with them. Im only with MFF and FTMO and have never had a problem with them. Im not sure what questionable issues people are having with FTMO.
I'm guessing the guy they banned last week after informing him he couln not trade 160 lots any longer.
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