Prop Firm Hub | Page 955 | 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

  • #19,081
  • Aug 27, 2023 2:40pm Aug 27, 2023 2:40pm
Quoting OutThere
A couple more rabbit eggs have hatched overnight: https://tradiac.com/ https://tradiac.com/ Not sure if these have been mentioned before.
Oh my. Well, it was just a matter of time before someone offered an outrageous drawdown.

Gotta love the "maniac" program with a 30% drawdown and a 30% profit target.

So what they are saying is that if I get down 25% in drawdown I can turn that ship around and run it up 55% to get to the 30% target? And all for the bargain basement price of $1900 for a 100K account? Where do I sign up??

Finally, a prop firm that's truly looking for consisent traders who know how to manage risk. Where does it end?
Attached Image (click to enlarge)
Click to Enlarge Name: maniac.jpg Size: 172 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #19,082
  • Aug 27, 2023 4:06pm Aug 27, 2023 4:06pm
Quoting Expo33
{quote} Oh my. Well, it was just a matter of time before someone offered an outrageous drawdown. Gotta love the "maniac" program with a 30% drawdown and a 30% profit target. So what they are saying is that if I get down 25% in drawdown I can turn that ship around and run it up 55% to get to the 30% target? And all for the bargain basement price of $1900 for a 100K account? Where do I sign up?? Finally, a prop firm that's truly looking for consisent traders who know how to manage risk. Where does it end? {image}
it's just a numbers game. Another way of selling overpriced 200K (Brainiac) and 300K (Maniac) accounts.
Money is made by sitting, not trading
  • #19,083
  • Aug 27, 2023 4:42pm Aug 27, 2023 4:42pm
Quoting Dirac
{quote} Hi Cryptosurf, what is a "Localhost copier ea", is it different to STT/Duplikium? Thanks.
Its a copier you run on your local computer only.

FX Blue - Fast, powerful forex trade copier for MT4
Trade with confidence, trade without fear.
  • #19,084
  • Aug 27, 2023 5:56pm Aug 27, 2023 5:56pm
Quoting Vitore
it's just a numbers game. Another way of selling overpriced 200K (Brainiac) and 300K (Maniac) accounts.
-I looked at their site yesterday. Some things are unclear. On the one hand, it is a one-step challenge, however, I cannot find anything that indicates that the challenge fee is refundable.

The scaling feature is attractive (comparatively speaking), but the cost for starting where you left off (in case of breach), is not overly apparent. They give some explanations, but it is not abundantly clear. They also do not pay out anything if the account is breached.

Overall, there are pros and cons, just glancing, but more clarity is needed.
  • #19,085
  • Aug 27, 2023 7:05pm Aug 27, 2023 7:05pm
Quoting Nsak3y
{quote}-I looked at their site yesterday. Some things are unclear. On the one hand, it is a one-step challenge, however, I cannot find anything that indicates that the challenge fee is refundable. The scaling feature is attractive (comparatively speaking), but the cost for starting where you left off (in case of breach), is not overly apparent. They give some explanations, but it is not abundantly clear. They also do not pay out anything if the account is breached. Overall, there are pros and cons, just glancing, but more clarity is needed.
Trailing drawdown is a rubbish feature.

90% payout from first pass? What is in it for the provider if they only get 10%? Sign up fee model perhaps?
Do they really offer real funds after challenge passing?
  • #19,086
  • Aug 27, 2023 7:19pm Aug 27, 2023 7:19pm
Quoting FocusWinReal
{quote} Hi T, Samuel and Co has 30% drawdown and 4% profit target, no challenges, monthly fee that is not charged if 4% is reached in the month. Scales up to $100k then more after that after review. Monthly mentor and pshychology reviews. They take 50% then 30% after scaling so have a desire to see you succeed and not fail with unrealistic rules or subjective lack of rules. It's more like a real prop firm for traders not challenge cheerleaders. I have'nt used them yet. There is no affiliate code in my comments here since it's a sensitive topic not...
Turns out after more research they provide DEMO. They updated their website to mention demo. So how can anyone claim to give you funding when it is demo? Can someone explain this silliness?

So how does a provider pay out a profit share when the account is demo? Not logical?

Even a bigger thought, why would anyone pay to trade a demo account? A challenge ok, sign up, but why ongoing with demo? Where is the funds come from me thinky?
  • #19,087
  • Aug 27, 2023 7:24pm Aug 27, 2023 7:24pm
Quoting Expo33
{quote} Oh my. Well, it was just a matter of time before someone offered an outrageous drawdown. Gotta love the "maniac" program with a 30% drawdown and a 30% profit target. So what they are saying is that if I get down 25% in drawdown I can turn that ship around and run it up 55% to get to the 30% target? And all for the bargain basement price of $1900 for a 100K account? Where do I sign up?? Finally, a prop firm that's truly looking for consisent traders who know how to manage risk. Where does it end? {image}
That's one expensive demo challenge. 30% demo loss is zero cost no?
  • #19,088
  • Aug 27, 2023 7:24pm Aug 27, 2023 7:24pm
Quoting FocusWinReal
{quote} Turns out after more research they provide DEMO not real funds. They updated their website to mention demo. So how can anyone claim to give you funding when it is demo? Can someone explain this silliness? Even a bigger thought, why would anyone pay to trade a demo account?
Virtually every prop firm trades on demo.
Why would anyone pay to trade on demo? I cannot tell if you are truly naive or just being sarcastic.....they pay 85-90% of the profits you earn on said demo......that's why. What they do with the trades/data is irrelevant. You trade as an independent contractor and get paid 85-90% of your profit.
  • #19,089
  • Aug 27, 2023 7:30pm Aug 27, 2023 7:30pm
Quoting pipmaster77
{quote} Virtually every prop firm trades on demo. Why would anyone pay to trade on demo? I cannot tell if you are truly naive or just being sarcastic.....they pay 85-90% of the profits you earn on said demo......that's why. What they do with the trades/data is irrelevant. You trade as an independent contractor and get paid 85-90% of your profit.
Demo profits in reality is not real funds so how can they pay? From sign ups? Is that how it works? Sorry I may have believed these funded accounts were a real thing. You know real money changing hands type of thing like real business does. Like when you buy real estate with real funds not a demo scenario. Maybe I'm naieve but how does it work?
  • #19,090
  • Aug 27, 2023 7:55pm Aug 27, 2023 7:55pm
Quoting FocusWinReal
{quote} Demo profits in reality is not real funds so how can they pay? From sign ups? Is that how it works? Sorry I may have believed these funded accounts were a real thing. You know real money changing hands type of thing like real business does. Like when you buy real estate with real funds not a demo scenario. Maybe I'm naieve but how does it work?
The money they pay me spends like real money. To be honest, I really could care less where they get the money from. If you TRULY want to know how it works, I guess you'll need to do a bit of research. Each firm operates abit differently. A handful of firms COPY some trades, some make money from the data they are generating, others have figured out how to profit on the order flow. It would be naive to NOT BELIEVE the challenge fees are part of the revenue source used to pay profits. Once again, I prefer to focus my energy on getting paid rather than picking apart the model to figure out how it works.
Just a hunch, but I believe you know exactly how it works and you are simply one of the trolls that pops in every now and again looking for a reaction and an argument. I apologize in advance if I'm wrong. I'll pass on engaging in the debate though.
  • #19,091
  • Aug 27, 2023 9:37pm Aug 27, 2023 9:37pm
Quoting pipmaster77
{quote} The money they pay me spends like real money. To be honest, I really could care less where they get the money from. If you TRULY want to know how it works, I guess you'll need to do a bit of research. Each firm operates abit differently. A handful of firms COPY some trades, some make money from the data they are generating, others have figured out how to profit on the order flow. It would be naive to NOT BELIEVE the challenge fees are part of the revenue source used to pay profits. Once again, I prefer to focus my energy on getting paid...
No probs and thanks for the explanation. That was helpful. Not picking apart anything just trying to understand the risk - like one would when buying a car for example. Don't be afraid of conversation and your troll comment was rude and not required. I don't live on these forums so don't confuse popping in with trolling.

All the best.
  • #19,092
  • Aug 27, 2023 10:52pm Aug 27, 2023 10:52pm
Got a payout from MFF today on my high roller 20K account.

Got the payout in Bitcoin about 12 hours after the request. About $1600 with refund and evaluation bonus. I know I know 4 figures, it's impressive

Actually decided to be a little more serious about trading after taking some time off. Had to redo my KYC as they use a new automated system for that. Uploaded my docs and was approved in a few minutes. Pretty smooth and not much time lost considering it's a Sunday.

Detailed jaw-dropping trading report below.
Attached Image (click to enlarge)
Click to Enlarge Name: mff.jpg Size: 237 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #19,093
  • Aug 27, 2023 11:03pm Aug 27, 2023 11:03pm
Quoting Expo33
Preface: One day I want to do some affiliate prop firm pimping on Youtube just because I'm morally bankrupt. To do so I am testing many of the new firms so I can do I playlist of honest reviews on Youtube (you can call me Blake Junior) Anyways, my most recent tests are Maven Trading and Lark Funding so of course I'm doing the cheapest accounts with the best discounts I can find. Maven: 5K two phase for $29 Lark: 10K three-phase for $56 Anyways, I saw this on Twitter today from Lark. 75% off on resets?!!! I mean who wants to gamble now? So if I blow...
Blew up the Maven 5K test evaluation.

No issues trading but had a mix-up getting the credentials which was my fault. I used the wrong email. The discord support kid kept calling me "bro". I was like, um, you can call me sir. Then one of their Mods apologized and said he was just trying to be friendly. So I said, "If I was a 5-star General in the Marines or Warren Buffet would you call me bro?" Yeah, you didn't think outside Todderville did ya?

Still working on the 10K 3-phase Lark account. At 3.5% in the first phase.

Instant credentials, no trading issues but also small lots and no indices traded.
Pride always comes before destruction.... -Proverbs 16:18
  • #19,094
  • Aug 28, 2023 12:29am Aug 28, 2023 12:29am
Quoting Expo33
{quote} Oh my. Well, it was just a matter of time before someone offered an outrageous drawdown. Gotta love the "maniac" program with a 30% drawdown and a 30% profit target. So what they are saying is that if I get down 25% in drawdown I can turn that ship around and run it up 55% to get to the 30% target? And all for the bargain basement price of $1900 for a 100K account? Where do I sign up?? Finally, a prop firm that's truly looking for consisent traders who know how to manage risk. Where does it end? {image}

Then you pass, you get a 100K funded account, you make 75% profit using the same trading style and they deny it accusing you of gambling.
  • #19,095
  • Aug 28, 2023 12:41am Aug 28, 2023 12:41am
Quoting FocusWinReal
{quote} Demo profits in reality is not real funds so how can they pay? From sign ups? Is that how it works? Sorry I may have believed these funded accounts were a real thing. You know real money changing hands type of thing like real business does. Like when you buy real estate with real funds not a demo scenario. Maybe I'm naieve but how does it work?
Having "demo" written there means little. For example Finotive (and some other I can't remember) has "live", even for the challenge phase. Obviously that they won't send challenges orders to live market.

I wouldn't bother about what is written there. Companies with their own server like FTMO, MFF, TFF, 5ers, etc. can call the server what they want. So, the name being "MFF-Live" or "MFF-Suckers" is the same. In other words, having "live" is no indication of anything or that they send orders to the market.

If you contact them and express this concern the response you'll get is that they have a demo server and them copy it with a bridge to the live market. And that they do this for regulatory reasons, to avoid the heavy rules of legislation, bla bla bla.

We will never know, honestly.

To me, personally, it's not really important if they A-book us, B-book internal order or simply use the fees of losing challenges to pay the winner traders. The important is that they are solvent to pay us. Some of the companies that went already down, like Funding Talent, had "live" in the live account. It was just an expression and not an indication of anything.
  • #19,096
  • Aug 28, 2023 1:39am Aug 28, 2023 1:39am
Quoting Capablanca
{quote} Having "demo" written there means little. For example Finotive (and some other I can't remember) has "live", even for the challenge phase. Obviously that they won't send challenges orders to live market. I wouldn't bother about what is written there. Companies with their own server like FTMO, MFF, TFF, 5ers, etc. can call the server what they want. So, the name being "MFF-Live" or "MFF-Suckers" is the same. In other words, having "live" is no indication of anything or that they send orders to the market. If you contact them and express this...
Thanks for your post Capablanca. It does clear up some things for me.

Cheers...
  • #19,097
  • Aug 28, 2023 2:03am Aug 28, 2023 2:03am
Quoting Expo33
{quote} Oh my. Well, it was just a matter of time before someone offered an outrageous drawdown. Gotta love the "maniac" program with a 30% drawdown and a 30% profit target. So what they are saying is that if I get down 25% in drawdown I can turn that ship around and run it up 55% to get to the 30% target? And all for the bargain basement price of $1900 for a 100K account? Where do I sign up?? Finally, a prop firm that's truly looking for consisent traders who know how to manage risk. Where does it end? {image}
is there a member here who already made withdrawals and have little to no issues on this prop. it seems a very promising trading condition.
  • #19,098
  • Aug 28, 2023 2:06am Aug 28, 2023 2:06am
Quoting Expo33
{quote} Oh my. Well, it was just a matter of time before someone offered an outrageous drawdown. Gotta love the "maniac" program with a 30% drawdown and a 30% profit target. So what they are saying is that if I get down 25% in drawdown I can turn that ship around and run it up 55% to get to the 30% target? And all for the bargain basement price of $1900 for a 100K account? Where do I sign up?? Finally, a prop firm that's truly looking for consisent traders who know how to manage risk. Where does it end? {image}
Maniac - purchasing this account, using the levers and expecting to get paid.

Hope you are well expo
  • #19,099
  • Aug 28, 2023 2:07am Aug 28, 2023 2:07am
one thing i don't like with the tradiac is they don't offer refund if you pass the assessment.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 2 KB
  • #19,100
  • Aug 28, 2023 2:45am Aug 28, 2023 2:45am
Quoting Cryptosurf
{quote} Having a bunch of funded accounts isn’t all it’s cracked up to be, especially if trying to sync them all. I’ve given up that pursuit to only trade FTMO, MFF and my AMP futures account. Sure it’s nice not paying commission with funded firms but if those accounts were to be revoked, I’m perfectly satisfied trading exclusively with AMP. Trading is a means to an end. As my passive portfolio grows, the less reliance I have off humping trades every day.
Is your AMP futures account on MT5? If so is it a Netting or Hedging one? Can you choose with live/real AMP accounts? I see that STT (Social Trader Tools) copy MT5 to MT4 but their copier only works with Hedging MT5 accounts not Netting ones. Which copier do you use?
47 traders viewing now