Prop Firm Hub | Page 799 | 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

  • #15,961
  • May 23, 2023 12:59pm May 23, 2023 12:59pm
Quoting Boulder
{quote} Takisd, by reading your posts, I can tell you don't like MFFX and their CEO. I can understand, he is in 20s ( 26 years old if I remember) , maybe that generation has some kind attitude that we may not like . Have you tried their platform though? If you go through the process from taking challenge to getting final payment, it may change your mind.
I find myself in a pickle where there are so many options I prefer not to give money to an obnoxious twitter guy. I am mostly satisfied with most of the bigger names other than TFTP. Butttttttt i already have too much 8cap exposure.

If customer service is nice thats great, but they still use 8cap and thinkmarkets. Both companies i have had personal involvement with, both can slide down a barge pole butthole first.
  • #15,962
  • May 23, 2023 2:49pm May 23, 2023 2:49pm
Quoting Capablanca
Update from the guy with the Blue Guardian case: Ok little update, @blueguardiansean has cleared everything up and did the checking. They account was reinstated The tech team told me it was a technical issue with my phone data thats showing it up as multiple ip addresses --- Then the CEO said this: Glad it was solved, but its not like we made the issue up, having an account that logged into with 85 different ip addresses will always flag on any prop firms system, this was the first case of us seeing this. I'm not sure if they really checked anything...
I tried them and I'm funded in this moment, I have soon a payout, we'll see. But I don't like what I'm reading. It seems that an other guy had had the same issue...by the way, the Telegram group can sometimes save some injustices, happy for the first guy.
  • #15,963
  • May 24, 2023 12:46am May 24, 2023 12:46am
Hey dear Traders, anyone of you have any information.. is it allowed for us trade on prop firm as a party. ( many (2-5) account trade at the same time )
they ade manually.
  • #15,964
  • May 24, 2023 1:57am May 24, 2023 1:57am
Announcement from TFT Discord:

TFT OFFICIAL ANNOUNCEMENT
Today we will start the buildout of the following changes to the Standard Challenge Program
Trading days will be changed to Unlimited for Phase 1 and Phase 2
Daily Drawdown will be changed to 5% by default
Total Drawdown will be changed to 10% by default
Immediate upgrade between phase 1 and phase 2
Option to purchase 6% daily drawdown and 12% max drawdown
Option to purchase EA's / Trade Copiers
$5k Challenges
We have more changes based on your feedback that we will introduce in the future to further improve this challenge offering and will continue to work hard to make those a reality
This will ONLY affect newly purchased challenges after changes go live
Expect these changes to go live next month
  • #15,965
  • May 24, 2023 2:01am May 24, 2023 2:01am
Quoting Capablanca
Option to purchase EA's / Trade Copiers
-Yeah, okay.

The rest looks fine, though. Thanks for sharing.
  • #15,966
  • May 24, 2023 2:11am May 24, 2023 2:11am
Quoting Capablanca
Trading days will be changed to Unlimited for Phase 1 and Phase 2
Glad to see more and more firms provide unlimited time.
  • #15,967
  • May 24, 2023 2:14am May 24, 2023 2:14am
Quoting Nsak3y
{quote}-Yeah, okay. The rest looks fine, though. Thanks for sharing.
I want to see this:
Total Drawdown will be changed to 10% by default

They had 12% DD (regular swing) so if they keep the actual price and charge an extra for these +2% it will be some sort of "hidden" price increase in their challenges.

They don't mention anything, as well, about the retarded process of activating the funded accounts only on Sundays and Wednesday night. Like if something preventing them from activating accounts in the remaining days.

Good that they eliminated as well the stupid thing of waiting 25 hours for the phase 2 credentials.

All this is/was clearly intentional and they counted with it in their business metrics. The same with that old fashioned payout system. We can't trade while they are processing payouts. So they gain 1 or 2 days in each payout cycle.
  • #15,968
  • May 24, 2023 2:34am May 24, 2023 2:34am
Quoting Capablanca
{quote} I want to see this: Total Drawdown will be changed to 10% by default They had 12% DD (regular swing) so if they keep the actual price and charge an extra for these +2% it will be some sort of "hidden" price increase in their challenges. They don't mention anything, as well, about the retarded process of activating the funded accounts only on Sundays and Wednesday night. Like if something preventing them from activating accounts in the remaining days. Good that they eliminated as well the stupid thing of waiting 25 hours for the phase 2 credentials....
That means Rapid Challenge have now a 10% DD ? (against 8 before) If yes, MFFX will have to react very quickly because there have exactly the same product with 8% DD !
  • #15,969
  • May 24, 2023 2:41am May 24, 2023 2:41am
Quoting Capablanca
The tech team told me it was a technical issue with my phone data thats showing it up as multiple ip addresses ---
Does not sound like a good excuse, phones do not invent IP addresses.
It is absolutely normal to have a different IP address when connecting by mobile after the lease expires, sometimes just 1 hour (unless the mobile is at home, using the home network).
It is even more normal all IPs to show as belonging to the same subnetwork, as is the case here 183.171.xxx.xxx.

I have read in that discord channel more issues with this firm related to IP addresses.
  • #15,970
  • May 24, 2023 2:41am May 24, 2023 2:41am
Quoting Capablanca
Announcement from TFT Discord: TFT OFFICIAL ANNOUNCEMENT Today we will start the buildout of the following changes to the Standard Challenge Program Trading days will be changed to Unlimited for Phase 1 and Phase 2 Daily Drawdown will be changed to 5% by default Total Drawdown will be changed to 10% by default Immediate upgrade between phase 1 and phase 2 Option to purchase 6% daily drawdown and 12% max drawdown Option to purchase EA's / Trade Copiers $5k Challenges...
have they implimented this yet?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #15,971
  • May 24, 2023 3:04am May 24, 2023 3:04am
Quoting Capablanca
All this is/was clearly intentional and they counted with it in their business metrics.
-I am all for thinking outside of the box and providing customizable options to suit people's needs. But charging traders to be able to use a trade copier or EA is just stupid. What kind of financial burden does that create for them if traders will do that? Completely absurd.
  • #15,972
  • May 24, 2023 4:10am May 24, 2023 4:10am
Quoting Soros
{quote} have they implimented this yet?
He says this: "Expect these changes to go live next month"
  • #15,973
  • May 24, 2023 4:36am May 24, 2023 4:36am
Unlimited time is a disaster waiting to happen. Imagine needing unlimited time to pass a college exam... amazing. I think im going to yolo my prop accounts now and anything i make will just put in my trading accounts and move on.

When i worked at a real prop, it took 12 months unpaid on the sim to get the nod to go live and even then your limits were so tight you couldnt make a living. 4-5 months after that you might get enough size to upgrade from ketchup to pasta sauce for your spag.

Now we have these marketing companies creating fairytales (after being caught purposely blowing people out) and people are saying "its about time".

Its as though people think they are entitled to hundreds of thousands of dollars or some shit.
  • #15,974
  • May 24, 2023 6:27am May 24, 2023 6:27am
Quoting Capablanca
Announcement from TFT Discord: TFT OFFICIAL ANNOUNCEMENT Today we will start the buildout of the following changes to the Standard Challenge Program Trading days will be changed to Unlimited for Phase 1 and Phase 2 Daily Drawdown will be changed to 5% by default Total Drawdown will be changed to 10% by default Immediate upgrade between phase 1 and phase 2 Option to purchase 6% daily drawdown and 12% max drawdown Option to purchase EA's / Trade Copiers $5k Challenges...
Nothing more then a shameless cash grab.
Trade with confidence, trade without fear.
  • #15,975
  • May 24, 2023 6:33am May 24, 2023 6:33am
Quoting Nehemah
{quote} That means Rapid Challenge have now a 10% DD ? (against 8 before) If yes, MFFX will have to react very quickly because there have exactly the same product with 8% DD !
It states only standard challenge.
  • #15,976
  • May 24, 2023 6:43am May 24, 2023 6:43am
Quoting Capablanca
Announcement from TFT Discord: TFT OFFICIAL ANNOUNCEMENT Today we will start the buildout of the following changes to the Standard Challenge Program Trading days will be changed to Unlimited for Phase 1 and Phase 2 Daily Drawdown will be changed to 5% by default Total Drawdown will be changed to 10% by default Immediate upgrade between phase 1 and phase 2 Option to purchase 6% daily drawdown and 12% max drawdown Option to purchase EA's / Trade Copiers $5k Challenges...
So, looks like a simple exchange........ for unlimited time they are lowering daily and max DD. They will then charge extra to purchase the DD.
It is just tricky marketing.......why not just charge to have unlimited time?
That is the outcome if you purchase one of these with unlimited time and then buy back your DD.
All of my funding with TFTP is on the royal account. I am not looking for any additional funding with them. I am starting to see higher spreads now. Once again, all trickery, what is the point of lower commission when you increase the spread?
  • #15,977
  • May 24, 2023 6:51am May 24, 2023 6:51am
The irony of it all......been almost 2 years ago I was stating MFF and FTMO, all you need, just max these 2.
I was told I had a hidden agenda, that I was a secret shrill for these 2 companies.
Now many firms have come and gone, some outright scams are still operating and the other 2 decent ones are becoming not so decent.
Alot of time and energy spent in that time by a lot of folks to arrive at the same outcome I presented 2 years ago.
  • #15,978
  • May 24, 2023 7:26am May 24, 2023 7:26am
Quoting pipmaster77
The irony of it all......been almost 2 years ago I was stating MFF and FTMO, all you need, just max these 2. I was told I had a hidden agenda, that I was a secret shrill for these 2 companies. Now many firms have come and gone, some outright scams are still operating and the other 2 decent ones are becoming not so decent. Alot of time and energy spent in that time by a lot of folks to arrive at the same outcome I presented 2 years ago.
The difficult in this industry is to guess who will be the long term survivals. MFF was relatively new and turned out in a mess when Funding Talent collapsed in Nov 2021. There were several props at that time (TPT, Trading Capital, TCF, TFT) but they were the ones to thrive to the top (TFT still around but full of sh*).

From all the props now (maybe except FTMO and MFF) can anyone say who will be here, still paying, two years from now ?
  • #15,979
  • May 24, 2023 7:37am May 24, 2023 7:37am
Quoting pipmaster77
{quote} It states only standard challenge.
Thank you for the correction.

TFT have probably the worst forex trading conditions (spread and fees) and they had a lot of slippages issues (widely sanctioned on Truspilot this month)
And now they reduce their DD (daily and max) which was however one of their only quality. It is very surprising. Did they really think about what they were doing ?
  • #15,980
  • May 24, 2023 8:01am May 24, 2023 8:01am
Quoting Nehemah
{quote} Thank you for the correction. TFT have probably the worst forex trading conditions (spread and fees) and they had a lot of slippages issues (widely sanctioned on Truspilot this month) And now they reduce their DD (daily and max) which was however one of their only quality. It is very surprising. Did they really think about what they were doing ?
TFF had worsr slippage...38 pips once which made me to violate.

Since then stopped with them.

MFF, FTMO...Go with them .

There has been good talk of My Funded fx
Intraday only.
86 traders viewing now, 1 is registered:
ckart