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  • #17,141
  • Jun 27, 2023 5:47pm Jun 27, 2023 5:47pm
Quoting BlackOpz
{quote} Easily Alpari UK. Every serious robot trader/dev uses their data because its pretty flawless and goes back years even at the tick level for testing. I've been using Alpari accounts 24/7 for over 10+ year to test/build robots. Alpari easily has more active demo accounts and accounts that have been on active demo since before FTMO existed.
Alpari was once in bankruptcy. Many people were left without money. Russian owner is not reliable.
"Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules."
  • #17,142
  • Jun 27, 2023 6:06pm Jun 27, 2023 6:06pm
Quoting Takisd
{quote} MFF and FTMO likely have more people in their demos than icmarkets has customers. Their live servers are pretty much the size of icmarkets. So yes I am saying they are bigger than almost all brokers. The only two brokers I can see who can be bigger are exness and icmarkets. Eightcap for example would probably have their servers crash if either of those two are on their server cluster. in terms of revenue both ftmo and MFF make similar revenues to icmarkets but with a lower average per user with icmarkets being somewhere over 1500 and ftmo...
  • #17,143
  • Jun 27, 2023 8:21pm Jun 27, 2023 8:21pm
Quoting Tim_isoara
{quote} Alpari was once in bankruptcy. Many people were left without money. Russian owner is not reliable. "Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules."
My first broker named FX First (I know you haven't heard of it) turned out to be Russian. Their gov gave them an ultimatum to come up with a million or so cash to have on hand or the gov would eat them up. They tried to fund raise and within a month, their deadline arrived and their gov ceased all their assets (customer funds) and shut them down. Their rep said it was out of their control and if anyone wants to recover their money, they should go after the Russian gov.
Not that I knew FX First was Russian since they hid it well with their London address but after that incident, I learned that you can't trust anything Russian.
  • #17,144
  • Jun 27, 2023 8:30pm Jun 27, 2023 8:30pm
Quoting Takisd
{quote} MFF and FTMO likely have more people in their demos than icmarkets has customers. Their live servers are pretty much the size of icmarkets. So yes I am saying they are bigger than almost all brokers. The only two brokers I can see who can be bigger are exness and icmarkets. Eightcap for example would probably have their servers crash if either of those two are on their server cluster. in terms of revenue both ftmo and MFF make similar revenues to icmarkets but with a lower average per user with icmarkets being somewhere over 1500 and ftmo...

Sure, icmarkets servers are so strong that they couldn't handle my EA modifying tp and disabled my account with open trades in them until I contact them and explain why that is happening. They said it was too hard on their servers. It happened several times. So, I don't think they can handle that much traffic or afford to update their trashy weak servers.

Also
to this statement: MFF and FTMO likely have more people in their demos than icmarkets has customers.
  • #17,145
  • Jun 27, 2023 8:52pm Jun 27, 2023 8:52pm
Maybe someone else can make sense of this. On the one hand, he claims to want to help traders remain profitable in the event that they are moved to A-book. But then it seems as if he is hoping to be able to apply specific spreads to traders, depending on how they trade (e.g. giving wider spreads to scalpers), since they are not profitable for them. Not sure if I am understanding this correctly.

Inserted Video
  • #17,146
  • Jun 27, 2023 9:18pm Jun 27, 2023 9:18pm
Quoting Nsak3y
Maybe someone else can make sense of this. On the one hand, he claims to want to help traders remain profitable in the event that they are moved to A-book. But then it seems as if he is hoping to be able to apply specific spreads to traders, depending on how they trade (e.g. giving wider spreads to scalpers), since they are not profitable for them. Not sure if I am understanding this correctly. https://www.youtube.com/watch?v=d40wmmj9NeE&t=1035s
Actually this is one of the most honest interview I have seen by someone who is involved in a prop business. Funny how they are afraid of "The million dollar trader" as those traders can increase their risk. The bigger a prop gets, the more chances of coming across one of those traders.
  • #17,147
  • Jun 27, 2023 9:34pm Jun 27, 2023 9:34pm
Quoting OutThere
Actually this is one of the most honest interview I have seen by someone who is involved in a prop business.
-For sure. I just genuinely do not understand his position. I suppose, it would likely come down to whether or not the trading style if profitable for them.

While I can understand increasing spreads to replicate the A-book conditions, I do not think that applying specific spreads to specific traders is a good thing. I think that the blanket approach is better.

Hopefully, they are able to partner with a broker that can offer better conditions. He mentioned IC Markets as a possibility, but I would be really surprised if IC Markets would be willing to work with a remote prop at this point.
  • #17,148
  • Jun 27, 2023 9:40pm Jun 27, 2023 9:40pm
Quoting Tim_isoara
{quote} Alpari was once in bankruptcy. Many people were left without money. Russian owner is not reliable. "Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules."
Alphari, FXCM and few more went bankrupt due to CHF tsunami. No regulations will help
  • #17,149
  • Jun 27, 2023 9:45pm Jun 27, 2023 9:45pm
Quoting Nsak3y
{quote}-For sure. I just genuinely do not understand his position. I suppose, it would likely come down to whether or not the trading style if profitable for them. While I can understand increasing spreads to replicate the A-book conditions, I do not think that applying specific spreads to specific traders is a good thing. I think that the blanket approach is better. Hopefully, they are able to partner with a broker that can offer better conditions. He mentioned IC Markets as a possibility, but I would be really surprised if IC Markets would be...
FTMO were using ICMarkets, I believe funding talent were using them at some point but they discarded them because of server issues. OFP funding is also using them. ICMarkets is worse than 8Crap they stuck regularly (daily basis)
  • #17,150
  • Jun 27, 2023 9:54pm Jun 27, 2023 9:54pm
Quoting sampat
FTMO were using ICMarkets, I believe funding talent were using them at some point but they discarded them because of server issues.
-This is why I say that they would likely not be willing at this point. Probably more so now, if any pressure is being put on brokers from a regulatory standpoint that might deter them from working with remote props. I can only guess, though. I would assume that larger props would be a bigger problem, as well.

Quoting sampat
OFP funding is also using them.
-Not sure who that is, but if I recall correctly, there was a firm that made the same claim and IC had no idea about them. Of course, this could just be covering their butts... who knows.

I cannot trade with IC, but I have heard that they are one of the better brokers. Is this not true, then?
  • #17,151
  • Jun 27, 2023 10:00pm Jun 27, 2023 10:00pm
Quoting Nsak3y
{quote}-For sure. I just genuinely do not understand his position. I suppose, it would likely come down to whether or not the trading style if profitable for them. While I can understand increasing spreads to replicate the A-book conditions, I do not think that applying specific spreads to specific traders is a good thing. I think that the blanket approach is better. Hopefully, they are able to partner with a broker that can offer better conditions. He mentioned IC Markets as a possibility, but I would be really surprised if IC Markets would be...
It is scary how easily they can kill a trader by just moving them from A to B or vice versa. He talks about it so casually. Sounds like they have done all sorts of manipulations and sometimes it has been like: Oops, we made him lose his account...oh well...next.
Yes, he sounds ambiguous and so open to experiment and f around with the traders but oh, their rules, their policies, their interests, their operations etc. are precious and untouchable and non-negatable if you were ever to have a dispute with them.
  • #17,152
  • Jun 27, 2023 10:03pm Jun 27, 2023 10:03pm
Quoting Nsak3y
{quote}-This is why I say that they would likely not be willing at this point. Probably more so now, if any pressure is being put on brokers from a regulatory standpoint that might deter them from working with remote props. I can only guess, though. I would assume that larger props would be a bigger problem, as well. {quote}-Not sure who that is, but if I recall correctly, there was a firm that made the same claim and IC had no idea about them. Of course, this could just be covering their butts... who knows. I cannot trade with IC, but I have heard...
Personal experience: One of the worst brokers I ever had an account with but there are people who worship their stinky toes. I am not surprised sampat said they can't be a prop broker because they have server issues. And yes, 8Cap is a 1000 times better. I have no issue with them but I'm not exactly a scalper either.
  • #17,153
  • Jun 27, 2023 10:22pm Jun 27, 2023 10:22pm
Quoting OutThere
It is scary how easily they can kill a trader by just moving them from A to B or vice versa.
-It is an interesting thing, maybe. I mean, as traders, we choose to trade with brokers that we like, that have good conditions, leverage, liquidity etc.. But with props, we do not have much choice regarding which broker they use.

If a trader is put on A-book with a broker and realizes that the trading conditions are just not manageable, then they will likely switch to a different broker. With prop, you're kind of stuck unless you want to forfeit your funded account. Then there is the issue of props potentially pushing profitable traders to A-book in order to flush them out (i.e. not to actually make money off of them, but hoping that they will fail and/or leave your prop firm).

Which begs the question, is it possible that TFTP can decide which traders 8Cap will push to A-book, just because they say so? Or are they just putting them on a live account and calling it A-book? And if that is pure fiction, then I have to wonder if this idea of selective A-booking as a way to push traders out is not so far-fetched. After all, it is a much easier excuse to have when a profitable trader experiences unusual conditions and wonders why everyone else didn't experience the same thing, even if the real cause is not A-booking, but is actually the result of selective manipulation.
  • #17,154
  • Jun 27, 2023 11:32pm Jun 27, 2023 11:32pm
Quoting OutThere
{quote} Personal experience: One of the worst brokers I ever had an account with but there are people who worship their stinky toes. I am not surprised sampat said they can't be a prop broker because they have server issues. And yes, 8Cap is a 1000 times better. I have no issue with them but I'm not exactly a scalper either.
you laugh at me and then one post later say 8cap is better than icmarkets hhahahahhahahahhaha
  • #17,155
  • Jun 27, 2023 11:39pm Jun 27, 2023 11:39pm
Quoting Takisd
{quote} you laugh at me and then one post later say 8cap is better than icmarkets hhahahahhahahahhaha
Yup. I have used them both and that is my opinion.
  • #17,156
  • Jun 27, 2023 11:44pm Jun 27, 2023 11:44pm
Quoting OutThere
{quote} Yup. I have used them both and that is my opinion.
  • #17,157
  • Jun 27, 2023 11:50pm Jun 27, 2023 11:50pm
Quoting Nsak3y
{quote}-It is an interesting thing, maybe. I mean, as traders, we choose to trade with brokers that we like, that have good conditions, leverage, liquidity etc.. But with props, we do not have much choice regarding which broker they use. If a trader is put on A-book with a broker and realizes that the trading conditions are just not manageable, then they will likely switch to a different broker. With prop, you're kind of stuck unless you want to forfeit your funded account. Then there is the issue of props potentially pushing profitable traders...
I think if a profitable trader is fairly consistent with trade size and frequency of trades, any prop would be hard pressed to want to fail them. Failing a consistent and profitable trader is just going to hand the trader to the competition. I think they would consider getting rid of a profitable trader if the prop can't make money from them as some prop already said that they couldn't replicate trades of a trader and refunded his fee which is actually noble compared to intentionally make them fail so they don't have refund them.
  • #17,158
  • Jun 28, 2023 1:18am Jun 28, 2023 1:18am
Quoting sampat
{quote} FTMO were using ICMarkets, I believe funding talent were using them at some point but they discarded them because of server issues. OFP funding is also using them. ICMarkets is worse than 8Crap they stuck regularly (daily basis)
TFF used ICMarkets in the beginning and it was a nightmare. I guess it was not the priority of ICM to solve the demo server problems for TFF when they happened.
  • #17,159
  • Jun 28, 2023 2:15am Jun 28, 2023 2:15am
Announcement from Blue Guardian CEO.
Dear Traders,
Hope you are all having a good week.
Recently we have decided to remove Pakistan from our accepted countries list.
This means for any future customers from Pakistan will not be able to purchase. Any currently active traders from Pakistan can continue without issues.
We have made this decision because the country has too much fraudulent activity which isn’t possible for us to monitor successfully.
  • #17,160
  • Jun 28, 2023 4:42am Jun 28, 2023 4:42am
I am very curious what peoples thoughts are on the prop firm bubble going on. What do they see happening in the next 3 months and who will be the first to slip and fall?
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