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  • #17,781
  • Jul 13, 2023 1:41pm Jul 13, 2023 1:41pm
Quoting Capablanca
{quote} From traders sole perspective, people will be either better or at least the same than before. So unlimited is never worse than no limit. To find disadvantages we have to consider that this may lead to price increase (announced by TFT and MFF) or profitability / safety of smaller props. But from traders (sole trading perspective) there is absolutely no disadvantage IMO.
Good for American and Canadian traders as their brokers are pathetic. This will attract more new traders as barrier of entry is none and time is unlimited.
May be bad for crappy brokers like Forex.com oanda etc.
  • #17,782
  • Jul 13, 2023 1:46pm Jul 13, 2023 1:46pm
Quoting Capablanca
{quote} From traders sole perspective, people will be either better or at least the same than before. So unlimited is never worse than no limit. To find disadvantages we have to consider that this may lead to price increase (announced by TFT and MFF) or profitability / safety of smaller props. But from traders (sole trading perspective) there is absolutely no disadvantage IMO.
Exactly, there is no disadvantadge to the trader, only positives. The point I was making earlier is this still needs to be a viable business relationship where both parties benefit. If/when it gets to the point, the firm is no longer profitable due to constant better conditions/deals/promos/discounts, whatever........then there is no company to pay you. So, yes, I am all about better conditions, offerings, etc, but as takisd has stated many times, the margins are razor thin as it is, just want to be sure it is sustainable.
I know, on the surface, it appears these firms are just rolling in the $$$$, but we only scratch the surface, we have no idea of the operating costs to keep the machine running.
  • #17,783
  • Jul 13, 2023 1:49pm Jul 13, 2023 1:49pm
Quoting Capablanca
{quote} From traders sole perspective, people will be either better or at least the same than before. So unlimited is never worse than no limit. To find disadvantages we have to consider that this may lead to price increase (announced by TFT and MFF) or profitability / safety of smaller props. But from traders (sole trading perspective) there is absolutely no disadvantage IMO.
I bet you that MFF barely raises the price because its one of their main sale points of sale.

FTMO price is pretty much the same.

TFT's release was a joke and so are their additional rules.

All the other no time limit firms have some weird rule that makes them suck.

Matt Leech can eat a giant marshmellow peepee.
  • #17,784
  • Jul 13, 2023 1:51pm Jul 13, 2023 1:51pm
Quoting sampat
{quote} Good for American and Canadian traders as their brokers are pathetic. This will attract more new traders as barrier of entry is none and time is unlimited. May be bad for crappy brokers like Forex.com oanda etc.
100% true.
100% true. Prop firms were the absolute best thing that could happen for US traders. Only issue with the crappy brokers, is, if they start losing market share, I'm sure they will help push for regulation on the props....they will not sit by idly and lose customers.
  • #17,785
  • Jul 13, 2023 1:53pm Jul 13, 2023 1:53pm
Quoting Capablanca
Classy Matt from MFFx. I can't believe that I once thought this guy was a decent person as a CEO. Takisd should be laughing at me (and he is right) {image} This is still the remainings of all the bickering of last week.
That dude is such a child. He literally had a tantrum a while back ago in the telegram propfirm and rage quit when everybody questioned him giving out personal info of traders to 3:rd partys.
  • #17,786
  • Jul 13, 2023 1:55pm Jul 13, 2023 1:55pm
Quoting pipmaster77
{quote}So, yes, I am all about better conditions, offerings, etc, but as takisd has stated many times, the margins are razor thin as it is, just want to be sure it is sustainable. I know, on the surface, it appears these firms are just rolling in the $$$$, but we only scratch the surface, we have no idea of the operating costs to keep the machine running.
Agreed. Right now there seems to be a race to the bottom, which may be an over correction. I do wonder why they've gone straight to unlimited time instead of reducing the profit target to 5% or something more reasonable. Heck even a 90 day challenge at 10% wouldn't bother me one bit.
  • #17,787
  • Jul 13, 2023 2:08pm Jul 13, 2023 2:08pm
The conversation is getting really funny now. Watching the 8cap firms grasp at straws with their whole "What are we going to post now that we can't take cheap shots at ftmo anymore".

How fickle was their business model jeez.
  • #17,788
  • Jul 13, 2023 2:16pm Jul 13, 2023 2:16pm
Quoting Takisd
The conversation is getting really funny now. Watching the 8cap firms grasp at straws with their whole "What are we going to post now that we can't take cheap shots at ftmo anymore". How fickle was their business model jeez.
FTMO is still 2x more expensive than other props and MFF has quite bad slippage so I'm not so sure that this will be such a big deal.
  • #17,789
  • Jul 13, 2023 2:19pm Jul 13, 2023 2:19pm
Quoting TraderTero
{quote} FTMO is still 2x more expensive than other props and MFF has quite bad slippage so I'm not so sure that this will be such a big deal.
Other than my FTMO account which I Cant trade news on (i wouldn't anyway) all the other accounts i have are worse than MFF. Some so much worse that I hardly bother to trade them anymore.
  • #17,790
  • Jul 13, 2023 5:13pm Jul 13, 2023 5:13pm
anyone here who have tried fxify?
  • #17,791
  • Jul 13, 2023 5:18pm Jul 13, 2023 5:18pm
Quoting youngD
I am testing FXIFY one step. 5 days minimum and after 3 days both challenges almost reached profit, but today I read on there's Faq that only one account is allowed per trader at a time. Opened ticket, we see are they going to allow both accounts funded or are they going to make excuses. It said in promo 3x accounts max per trader so i thought you can have more than one a time anyway it is my mistake, but from other side it is good situation to check how they deal with good trader who done 2x more job than required, afterall if I earn profits...
hi sir, what are your thoughts on FXIFY?
  • #17,792
  • Jul 13, 2023 8:19pm Jul 13, 2023 8:19pm
Quoting turnip15
No I am not an affiliate. Sorry to rain on your parade. ... No I have no link to the 5% percenters or FTP
-The affiliate link still remains in your previous post.

If you want to push your affiliate links or your own prop firm, that is your prerogative. I just think that anyone that does this should contribute to the thread in some meaningful way and should be honest about what they are doing.
  • #17,793
  • Jul 13, 2023 8:24pm Jul 13, 2023 8:24pm
Quoting labu
Why is no one reacting more to the 50% slash of leverage for indices with MFF. Tons of users trade only those instruments and now they must increase their cost 50% per order and risk of their capital.
-I cannot speak for others, but for me, I know that 50:1 leverage for indices is sufficient, especially with larger account sizes.

In terms of existing traders 'losing out' because they have to pay more for something that they may not have wanted, while also seeing smaller leverage offered, I think we must consider two things:

1. If props need to do this for long-term survivability, then so be it. The terms are still reasonable and allow for significant profitability.
2. The fees are refundable, so although the risk may seem greater because the refundable buy-in fee is greater, the risk may also balance-out because there are no longer any time-restraints, whatsoever. Even with extensions and retries, not having to worry about anything can make a difference psychologically.
  • #17,794
  • Jul 13, 2023 8:25pm Jul 13, 2023 8:25pm
Quoting readme
FTMO has also gone for unlimited time. I am trying to figure out the type of traders that may take advantage of this change. What are your views?
-While I suspect that the metrics may not change much for the firm, I do believe that having unlimited time, even though extensions and retakes exist, provide a much better environment for traders from a psychological standpoint. Not having to worry about anything can really make a difference, even if those worries are small.
  • #17,795
  • Jul 13, 2023 9:25pm Jul 13, 2023 9:25pm
Quoting Nsak3y
{quote}-I cannot speak for others, but for me, I know that 50:1 leverage for indices is sufficient, especially with larger account sizes. In terms of existing traders 'losing out' because they have to pay more for something that they may not have wanted, while also seeing smaller leverage offered, I think we must consider two things: 1. If props need to do this for long-term survivability, then so be it. The terms are still reasonable and allow for significant profitability. 2. The fees are refundable, so although the risk may seem greater because...
im currently funded with mff with the smallest account. but i think why other people bother are maybe they are just like me who dont trade indices. i dont even know how to calculate lot size. maybe a quick google would help me but i just dont feel like trading indices.
  • #17,796
  • Jul 13, 2023 11:36pm Jul 13, 2023 11:36pm
Quoting Takisd
{quote} I bet you that MFF barely raises the price because its one of their main sale points of sale. FTMO price is pretty much the same. TFT's release was a joke and so are their additional rules. All the other no time limit firms have some weird rule that makes them suck. Matt Leech can eat a giant marshmellow peepee.
Man, you are all over Matt like cellulite on jiggling Jessica.
Pride always comes before destruction.... -Proverbs 16:18
  • #17,797
  • Jul 13, 2023 11:51pm Jul 13, 2023 11:51pm
Quoting Capablanca
{quote} I think I never considered them because of the max capital at 100K. But I'm doing 5ers, so why not joining them ? So, they are reliable ? And any special/strange rules ? (I'm talking about 2 phase challenges)
I haven't used them in about 18 months but they were completely reliable.

I just did a quick scan of their FAQ and I noticed 2 things:

1) You must use a stop loss on all trades. Any profits made without a stop loss won't count toward your profit target.

2) If you reach the profit target before the min days you must carry on trading the same way. Sounds like you can't open and close a .01 lot trade to finish the 5-day min requirement. Would need to get some clarification from them on that point.

Other than that, everything else is pretty standard.
Pride always comes before destruction.... -Proverbs 16:18
  • #17,798
  • Jul 14, 2023 1:28am Jul 14, 2023 1:28am
Quoting Takisd
{quote} Other than my FTMO account which I Cant trade news on (i wouldn't anyway) all the other accounts i have are worse than MFF. Some so much worse that I hardly bother to trade them anymore.
Are you talking about prices (price per 12% DD of MFF is unbeatable by new props) or anything else ?
(I'm not talking about the prop it self - none of the new props is even comparable to MFF).
  • #17,799
  • Jul 14, 2023 1:35am Jul 14, 2023 1:35am
Quoting KoyaAndy18
anyone here who have tried fxify?
About to achieve funded with them. Their spreads are not great (about 0.6/0.7in EURUSD, worse in other pairs), but no commission which may represent about 0.2/0.3. Execution is fine. Dashboard is good, customer service is average (not great, not bad).

Let's see. They are supposed to pay after the first trading day (together with refund). So, I hope to make a tiny profit i first day, request payout+refund and have a free ride with them.


Their pricing structure is flexible. You pay additional for what you want (I paid for bi weekly and 90% instead of 75%).
  • #17,800
  • Jul 14, 2023 1:40am Jul 14, 2023 1:40am
Quoting KoyaAndy18
{quote} im currently funded with mff with the smallest account. but i think why other people bother are maybe they are just like me who dont trade indices. i dont even know how to calculate lot size. maybe a quick google would help me but i just dont feel like trading indices.
You are right. Indexes are a mess in props because there isn't a standard basis in all of them.

I don't trade indexes but some time ago I did some tests in some of the props to find out how much was 1 lot of SPX:

E81 1 USD per point
TFF 1 USD per point
TFT 10 USD per point
MFF 1 USD per point
Blue 50 USD per point

Don't know if this is still updated but illustrates the confusion that may come from there. Only 5 props and 3 different basis.

(in the MT5/MT4 specifications sometimes we don't get the clear information, only testing 0.01 lots)
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