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  • #17,341
  • Jul 1, 2023 10:01am Jul 1, 2023 10:01am
Quoting Capablanca
{quote} Does TFT own Bespoke ? Are you sure about that ?
I believe it was stated so. Someone had the list in here before.
  • #17,342
  • Jul 1, 2023 11:22am Jul 1, 2023 11:22am
Quoting Takisd
{quote} I believe it was stated so. Someone had the list in here before.
Ahhh, not Bespoke. I was the one leaving the list but I can't find it.

Edit: I found it:
https://www.forexfactory.com/thread/...3#post14448773
  • #17,343
  • Jul 1, 2023 12:31pm Jul 1, 2023 12:31pm
Quoting Capablanca
{quote} Ahhh, not Bespoke. I was the one leaving the list but I can't find it. Edit: I found it: https://www.forexfactory.com/thread/...3#post14448773
Yeh but on twitter i believe he leaked it as well.

But imagine the world is licking the feet of a guy who partnered with que banks.
  • #17,344
  • Jul 1, 2023 12:36pm Jul 1, 2023 12:36pm
Some thing smells fishy why would any wants to open same product with different names to achieve same results. Essentially smart prop trader and TFT is doing same thing with more or less same rules.
  • #17,345
  • Jul 1, 2023 12:53pm Jul 1, 2023 12:53pm
Quoting Takisd
{quote} You mean the incel?
yea, that guy. I mean child.
Pride always comes before destruction.... -Proverbs 16:18
  • #17,346
  • Jul 1, 2023 12:55pm Jul 1, 2023 12:55pm
Quoting Capablanca
{quote}sodomized with slippage
Pride always comes before destruction.... -Proverbs 16:18
  • #17,347
  • Jul 1, 2023 1:11pm Jul 1, 2023 1:11pm
Quoting labu
I just want to make clear as this might sound as if this is about funded accounts too. It's not. FTMO got two different T&C one for Challenge provided on the website the other for Funded accounts which is not public on the website. As I'm kinda new to prop firms at first reading this I thought this was about funded accounts as well. But just asked their chat support about it.
-Unfortunately, these terms are general 'blanket' terms, and do not specify which account type that they apply to. As such, regardless of what some low-level support rep has told you, I would personally not want to make any assumptions about it, from a legal perspective.

I generally accept that any firm can boot me and refuse payout for any reason.
  • #17,348
  • Jul 1, 2023 1:11pm Jul 1, 2023 1:11pm
Quoting sampat
Some thing smells fishy why would any wants to open same product with different names to achieve same results. Essentially smart prop trader and TFT is doing same thing with more or less same rules.
-To make more money. The nature of these prop firms is that not only can you pretty much guarantee repeat customers, but you can have the same repeat customer spending money across several firms since there is always a demand for funding.

There is almost no saturation in this market so long as people never run out of money and new money keeps coming in. I suppose that saturation could eventually be possible, realistically, but for now, these guys are trying to get as much as they can. It's too easy when you have cookie-cutter solutions and some social media influencers to back your play.
  • #17,349
  • Jul 1, 2023 1:18pm Jul 1, 2023 1:18pm
Quoting Nsak3y
{quote}-To make more money. The nature of these prop firms is that not only can you pretty much guarantee repeat customers, but you can have the same repeat customer spending money across several firms since there is always a demand for funding. There is literally no saturation in this market so long as people never run out of money.
If thats the case than why not increase limit for example TFT has 600K limit and Smart prop has 400. Make TFT 1 million
Now if firm says it is too risky how they are going to restrict trader to open 600K on TFT and 400K on Smart prop.
It may be helpful for trader as they may get banned on one frim and still trade on another.
  • #17,350
  • Edited 3:23pm Jul 1, 2023 1:31pm | Edited 3:23pm
Quoting sampat
If thats the case than why not increase limit for example TFT has 600K limit and Smart prop has 400. Make TFT 1 million Now if firm says it is too risky how they are going to restrict trader to open 600K on TFT and 400K on Smart prop. It may be helpful for trader as they may get banned on one frim and still trade on another.
-I suppose that there could be many reasons. Risk is one reason. Not only in terms of exposure (limits), but having two companies instead of one is less risky, because you always have something to fall back on (or one company can feed the other, if needed).

With regard to limits/exposure, account size probably needs to be considered. For example, having 1M account is not the same as having (5) 200k accounts, simply because you have to flip an account many more times for the 200k accounts, whereas, with a single 1M account, you only have to pass 1 challenge. So breaking things up will automatically improve the odds for firms and increase their overall profit-potential.

These guys are probably having their friends starting firms, too, and they just serve as a consultant or something while taking a cut of the profits. I can only guess on that.
  • #17,351
  • Jul 1, 2023 2:54pm Jul 1, 2023 2:54pm
Quoting sampat
{quote} If thats the case than why not increase limit for example TFT has 600K limit and Smart prop has 400. Make TFT 1 million Now if firm says it is too risky how they are going to restrict trader to open 600K on TFT and 400K on Smart prop. It may be helpful for trader as they may get banned on one frim and still trade on another.
Angelo said in a recent video that TFT is probably increasing to $1M, sounded like next year possibly.
  • #17,352
  • Jul 1, 2023 3:44pm Jul 1, 2023 3:44pm
Quoting AaronPriest
{quote} Angelo said in a recent video that TFT is probably increasing to $1M, sounded like next year possibly.
who is going to provide the leverage?
  • #17,353
  • Jul 1, 2023 4:01pm Jul 1, 2023 4:01pm
Quoting Takisd
who is going to provide the leverage?
-The guy on the couch.
  • #17,354
  • Jul 1, 2023 4:55pm Jul 1, 2023 4:55pm
Quoting sampat
It may be helpful for trader as they may get banned on one frim and still trade on another.
If they're the same owners I doubt that they don't ban them elsewhere.

A few time ago MFFx denied a payout and said that the traders was banned in 8 props. Somehow he knew and he said some guys owned several props. So I guess banning in one is like banning in several that share the same blacklist, even if the owner is not the same.
  • #17,355
  • Jul 1, 2023 5:25pm Jul 1, 2023 5:25pm
Quoting Capablanca
{quote} If they're the same owners I doubt that they don't ban them elsewhere. A few time ago MFFx denied a payout and said that the traders was banned in 8 props. Somehow he knew and he said some guys owned several props. So I guess banning in one is like banning in several that share the same blacklist, even if the owner is not the same.
Their tech provider shares this info between props who use it.
  • #17,356
  • Jul 1, 2023 6:34pm Jul 1, 2023 6:34pm
Quoting Takisd
{quote} Their tech provider shares this info between props who use it.
Yes, all eightcrap firms. I actually watched an interview with Angelo and he spoke about when they initially were sharing info among firms to catch cheaters, hedgers, etc......he stated FTMO and MFF were "very secretive" and wouldn't share any data.
  • #17,357
  • Jul 1, 2023 8:07pm Jul 1, 2023 8:07pm
Quoting pipmaster77
he stated FTMO and MFF were "very secretive" and wouldn't share any data.
-Because they are not stupid.
  • #17,358
  • Jul 1, 2023 8:51pm Jul 1, 2023 8:51pm
Quoting Nsak3y
{quote}-Because they are not stupid.
They are hedged properly so they don't care about trade copy or hedging. Only those prop firm relying mostly on challenge money have all sorts of issues.
  • #17,359
  • Jul 2, 2023 8:59am Jul 2, 2023 8:59am
The rats have become carnivores, the new firms start to eat each other. This is what happens when you use influencers to sell financial markets.
  • #17,360
  • Jul 2, 2023 12:16pm Jul 2, 2023 12:16pm
Any guesses on how much will MFF increase max trading days?
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