Prop Firm Hub | Page 1077 | 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

  • #21,521
  • Sep 12, 2023 6:33am Sep 12, 2023 6:33am
Quoting DeltaCapital
{quote} Sorry i meant a higher leverage like 100:1 broker since i am european and ic markets, pepperstone and tickmill caps at 30;1 which is enough and i have account with all 3 but i wanted a higher leverage broker for higher risk trading strategy, do you know any ?
No there is no such broker with that higher leverage over 100:1 and offering that what you want. Max. is 100:1 leverage on that what you want. And higher deposits.
  • #21,522
  • Sep 12, 2023 6:36am Sep 12, 2023 6:36am
Quoting TrAndy1
{quote} No there is no such broker with that higher leverage over 100:1 and offering that what you want. Max. is 100:1 leverage on that what you want. And higher deposits.
I know max leverage with stp and dma is 100:1 besides advanced markets and baxterfx you know any other reliable broker?
  • #21,523
  • Sep 12, 2023 6:36am Sep 12, 2023 6:36am
Quoting DeltaCapital
{quote} Sorry i meant a higher leverage like 100:1 broker since i am european and ic markets, pepperstone and tickmill caps at 30;1 which is enough and i have account with all 3 but i wanted a higher leverage broker for higher risk trading strategy, do you know any ?
You can check those brokers which are Prime of Prime on that list and which ones do meet your criterias.
Attached Image (click to enlarge)
Click to Enlarge Name: Prime of Prime.jpg Size: 323 KB
  • #21,524
  • Sep 12, 2023 6:38am Sep 12, 2023 6:38am
Quoting TrAndy1
{quote} You can check those brokers which are Prime of Prime on that list and which ones do meet your criterias. {image}
Thanks buddy, do you use any PoP broker and if yes what are your toughts? is worth it or we have better conditions in brokers like ic markets, pepperstone, tickmill...?
  • #21,525
  • Sep 12, 2023 6:40am Sep 12, 2023 6:40am
Quoting DeltaCapital
{quote} Thanks buddy, do you use any PoP broker and if yes what are your toughts? is worth it or we have better conditions in brokers like ic markets, pepperstone, tickmill...?
No, IC Markets is fine for me so far. You can also check this one: https://www.dmalink.com/ But I do not know how much leverage they are offering.
  • #21,526
  • Sep 12, 2023 6:43am Sep 12, 2023 6:43am
Check this one too: https://www.mfptrading.com/

MFP’s Minerva: Trade Without Paying The Spread

https://media.graphassets.com/JYXANNjQIGbuybaoEScZFrancois Nembrini, MFP Trading
May 27, 2022 - London-based agency only FX broker MFP Trading has launched a new algorithmic-based product that allows clients to trade without paying the spread. The new tool, called Minerva, leverages high-end technology to turn hedging from a cost centre to a profit engine. Francois Nembrini from MFP Trading explains how this new tool can help brokers increase their profitability from hedging.
What is Minerva?
Hedging methods are constantly questioned. After all, seeing tight spreads means money is being left on the table. If LPs are keen to see your flow, it means they can monetize it easily. After looking at the attrition curves of historical trades with the MFP quant team, you can decide which flow you should be managing, like a top-tier bank market maker using Minerva passive mid-spread matching, and which flow you should externalise quickly on an Agency “A Book” typical model. From there, thanks to its powerful order management system, Minerva FX makes it possible to monetise this information by placing orders at the right level automatically instead of paying the spread.
How Does Minerva Function?
Minerva allows you to enter your hedging rules into its core. It then automatically inputs orders at the mid-market into MFP Trading's institutional ECN (eg,10.5 in a 10/11 market). MFP will then display this order to its institutional customer base making sure that the order is at the top of each institutional customer aggregator, so they will deal with Minerva’s order in priority. This process maximises trade matches and, more importantly, maximises revenues generated on the trades. In the end, Minerva’s client will trade at a better price and MFP will share the brokerage it captured from institutional clients to Minerva’s user. Minerva’s users will then see both price improvements on their trades and will get a monthly brokerage check from MFP.
Why Choose Minerva Technology?
Minerva technology is extremely advanced and very few technology firms are offering a solution of the same calibre. Minerva is also part of MFP’s ECN institutional trading infrastructure and is therefore offered for free to MFP users. As a result, from free technology to vast institutional distribution and to free relevant analysis, this simple, one-stop setup makes it easy for Minerva users to immediately monetise the product.
iFX EXPO Limassol Presence
MFP will be showcasing their latest tool, ideal for Retail FX and CTAs, at the upcoming iFX EXPO which will take place in Limassol, Cyprus, from 7-9 June 2022.
Those interested in the MFP’s advanced Minerva product should attend the FX company’s workshop at the upcoming iFX EXPO in Limassol Cyprus this June. Hosted by Ultimate Fintech, this is the largest financial B2B expo and is set to attract thousands of like-minded contributors and attendees including brokers looking for advanced tech products. You can also register for a Minerva demo via the MFP Trading website for a more detailed glimpse into how this technology could streamline your processes. Don’t pay the spread, earn it.
  • #21,527
  • Sep 12, 2023 6:53am Sep 12, 2023 6:53am
Quoting TrAndy1
Check this one too: https://www.mfptrading.com/ MFP’s Minerva: Trade Without Paying The Spread {image}Francois Nembrini, MFP Trading May 27, 2022 - London-based agency only FX broker MFP Trading has launched a new algorithmic-based product that allows clients to trade without paying the spread. The new tool, called Minerva, leverages high-end technology to turn hedging from a cost centre to a profit engine. Francois Nembrini from MFP Trading explains how this new tool can help brokers increase...
Looks interesting
  • #21,528
  • Sep 12, 2023 7:07am Sep 12, 2023 7:07am
Quoting 1odi
{quote} Let s not bullsh+t here pls...Most of the traders that failed with MFF weren t failing cos of slippage or marked up spreads (unless obvious ripoff during LO or NY sesssion, not NEWS) How come some manage to pull off some pretty nice gains while others struggled to even pass the evaluation? Most of these so called _Shady practices_ are employed by most REGULATED brokers... The grass in the neighbours backyard is always greener, or atleast it seems that way. Ofc who can t trade is glad that something like this is happening, why should others...
Exactly right, props benefit the losing traders as well. Pay $500 for a challenege for a chance to have 10K to trade with (100K w 10% DD)
OR
Blow 10K in a persoanl account trying to earn the same returns. Most likely with a broker who cannot even come close to the conditions the top props offer.
Once again, the "regulators" do not give 2 shits if that latter occurs.
So, in essence, this is a business where the winners make 15x more than they would on their own account and the losers lose 1/15 of what they would lose on a personal account.
But, hey, what do I know?
  • #21,529
  • Sep 12, 2023 7:16am Sep 12, 2023 7:16am
Quoting DeltaCapital
{quote} Sorry i meant a higher leverage like 100:1 broker since i am european and ic markets, pepperstone and tickmill caps at 30;1 which is enough and i have account with all 3 but i wanted a higher leverage broker for higher risk trading strategy, do you know any ?
You need to go offshore then. I believe icmarkets has an offshore arm that could facilitate you but I am not sure how they are functioning in that way. There are many if you are european.
  • #21,530
  • Sep 12, 2023 7:18am Sep 12, 2023 7:18am
Quoting Capablanca
{quote} Tomorrow we don't know but today FXIFY should definitely be in that list. Plenty of (quick) payouts as a proof.
I am on the 34 th place in Leaderboard after taking first ondemand payout with FXIFY

Attached Image (click to enlarge)
Click to Enlarge Name: fxify leaderboard.png Size: 133 KB
Intraday only.
  • #21,531
  • Sep 12, 2023 7:26am Sep 12, 2023 7:26am
Quoting TrAndy1
Check this one too: https://www.mfptrading.com/ MFP’s Minerva: Trade Without Paying The Spread {image}Francois Nembrini, MFP Trading May 27, 2022 - London-based agency only FX broker MFP Trading has launched a new algorithmic-based product that allows clients to trade without paying the spread. The new tool, called Minerva, leverages high-end technology to turn hedging from a cost centre to a profit engine. Francois Nembrini from MFP Trading explains how this new tool can help brokers increase...
There is a lot of spin in that write up. They are doing what a prime of prime does and providing you risk management tools without a per million cost. But there is likely a cost somewhere if you are to actually use it to execute trades as even makers in OTC products have a cost, whether its for connectivity or others. The connectivity to each LP connection likely comes with a minimum monthly fee per feed as well.

The below screenshot is the broker dealing system.

All the things i have marked are things that MFF is accused of with the toxic flow element being the major part of it (no maker is taking toxic flow hence the "alpha disappears" comment of the advisor).

Also note the last point, "anonymous venues" aka dark pools, are just places that want to take on risk in a b-book sense. Large institutions looking to take on huge amounts of losing order flow regardless of flow type. Saxobank for example, takes on a lot of flow as a market maker but when their risk book hits a certain amount they start rejecting what would be considered toxic flow (scalpers/arbers/hedgers).

Passive hedging is ultimately not STPing an order but making a softer order at a different price to cover risk - if that order is hit then you generate an alpha between the cost the trader paid and the cost you got in the market.

good product though, if I was running a broker I would definitely at least take the presentation from their sales guy.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 118 KB
  • #21,532
  • Sep 12, 2023 7:29am Sep 12, 2023 7:29am
Quoting Tim_isoara
{quote} The answer is YES. You have the proof that brokers survive without US customers.
Many will keep on accepting US clients because of small risk and off shore status.
  • #21,533
  • Sep 12, 2023 8:02am Sep 12, 2023 8:02am
Quoting navk
{quote} I am on the 34 th place in Leaderboard after taking first ondemand payout with FXIFY {image}
what makes your success even more impressive is that you only use a labtop.

so often i have heard traders give excuses that they don't have technical euqipment or no order insight, etc...blablabla
trading is like dancing, don't think and just listen to the music!
  • #21,534
  • Sep 12, 2023 8:03am Sep 12, 2023 8:03am
Quoting TraderTero
{quote} Many will keep on accepting US clients because of small risk and off shore status.
They will choke the payment processors, so everything will move through crypto, until, of course, they shut that down.
Look at the events thus far, the largest prop firm gets a feeze order and operations are halted IMMEDIATELY. Less than a week later, the main payment processor, Deel, which, I don't know, let's say 80-90% of payouts are paid through has stopped processing payouts IMMEDIATELY.
What will come next week?
So, yeah, maybe, a few small prop firms operating from the islands survive. At what point is it just no longer worth jumping through the hoops?
I literally started prop trading because I was exhausted from jumping through the hoops they caused with the offshore brokers.
I hate to be the doom and gloom guy, but until the other half of the world wakes the fuck up and sees the common sense and blatant agendas slapping them in the face every day, the world is going to go downhill real quick and it is picking up steam daily.
I hope everyone understands, they keep us divided for a reason. It is so much easier for them this way.
  • #21,535
  • Sep 12, 2023 8:08am Sep 12, 2023 8:08am
Quoting birdland
{quote} what makes your success even more impressive is that you only use a labtop. so often i have heard traders give excuses that they don't have technical euqipment or no order insight, etc...blablabla
By using laptop, I can use technicals for trade entry.

With mobile, i just " see " and " manage " trades.
Intraday only.
  • #21,536
  • Sep 12, 2023 8:08am Sep 12, 2023 8:08am
Quoting Takisd
{quote} You need to go offshore then. I believe icmarkets has an offshore arm that could facilitate you but I am not sure how they are functioning in that way. There are many if you are european.
ic markets stopped accepting europeans in seychelles branch some months ago, you know any or used any offshore broker that pays and isnt shady?
  • #21,537
  • Sep 12, 2023 8:11am Sep 12, 2023 8:11am
Quoting DeltaCapital
{quote} ic markets stopped accepting europeans in seychelles branch some months ago, you know any or used any offshore broker that pays and isnt shady?
There are a lot but I dont want to recommend any. Thought about doing a corporation?
  • #21,538
  • Sep 12, 2023 8:12am Sep 12, 2023 8:12am
Quoting Takisd
{quote} There are a lot but I dont want to recommend any. Thought about doing a corporation?
i have one, is the same they will treat company same as the individual
  • #21,539
  • Sep 12, 2023 8:14am Sep 12, 2023 8:14am
Quoting DeltaCapital
{quote} i have one, is the same they will treat company same as the individual
I meant one not in the EU

What about an FCA company under their professional exemption? This should get you the leverage.
  • #21,540
  • Sep 12, 2023 8:16am Sep 12, 2023 8:16am
Quoting pipmaster77
{quote} They will choke the payment processors, so everything will move through crypto, until, of course, they shut that down. Look at the events thus far, the largest prop firm gets a feeze order and operations are halted IMMEDIATELY. Less than a week later, the main payment processor, Deel, which, I don't know, let's say 80-90% of payouts are paid through has stopped processing payouts IMMEDIATELY. What will come next week? So, yeah, maybe, a few small prop firms operating from the islands survive. At what point is it just no longer worth jumping...
Same here, not a fan of crypto payments only. It has become increasingly difficult to on ramp and off ramp in the USA. Especially large amounts.

I had Coinbase demand explanation where a sizable deposit came from. Simply explaining it came from FX Broker wasn’t enough. I had to jump through hoops and wait for two weeks for Coinbase to release the hold.

By that time BTC price had deteriorated and lost 1/3 of value.
Trade with confidence, trade without fear.
41 traders viewing now