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  • #21,861
  • Sep 15, 2023 7:31am Sep 15, 2023 7:31am
Quoting fxbarwise
Does anyone have experience with Lux Trading. They claim that they have all their funded traders on A-book only, trading real money not demo. I have signed up for a demo account on their Lux Trader platform which is a custom version of Tradingview. Their 1 minute time frame feed has been up and down (down mostly) for the last couple of days. They say they are working on the problem but have not been able to fix it. I would not be comfortable buying an evaluation account if they cannot fix an issue like this on their platform. Is anyone here a funded...
they suck.
  • #21,862
  • Sep 15, 2023 7:41am Sep 15, 2023 7:41am
Quoting DeltaCapital
{quote} I think is SOCIAL15K it only works for 15k account
Thank you..
  • #21,863
  • Sep 15, 2023 8:22am Sep 15, 2023 8:22am
Quoting DeltaCapital
{quote} I think is SOCIAL15K it only works for 15k account
Attached Image (click to enlarge)
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Having a problem to download their MT4 platform.
Anyone else had this issue with them..
  • #21,864
  • Sep 15, 2023 9:42am Sep 15, 2023 9:42am
Inserted Video
didn t some1 in here say that TFF was holding a payout to get the trader to do an interview? i m surprised they payed that much. they must ve seen it as a cost for advertisement
  • #21,865
  • Sep 15, 2023 9:57am Sep 15, 2023 9:57am
Quoting 1odi
https://www.youtube.com/watch?v=tnPkHsN31bk didn t some1 in here say that TFF was holding a payout to get the trader to do an interview? i m surprised they payed that much. they must ve seen it as a cost for advertisement
Thefundedtrader did that.
  • #21,866
  • Sep 15, 2023 9:57am Sep 15, 2023 9:57am
Quoting Capablanca
Quick update on FXIFY payouts. I was directed to a google form (similar to the one that The Prop Trading had for payouts) where I could request the payout through Wire, Wise, Paypal or crypto. I chose crypto USDT (if I remember well only ERC20 available) and already received it. Took a day and a couple of hours because when I requested the payout they had not issued the memorandum about Deel. So I had to go through live support and they sent me an email directing me to the form. Anyway, not bad at all knowing that they had to quickly react to all...
Can I withdraw from FXIFY with binance?
  • #21,867
  • Sep 15, 2023 10:08am Sep 15, 2023 10:08am
Quoting 1odi
https://www.youtube.com/watch?v=tnPkHsN31bk didn t some1 in here say that TFF was holding a payout to get the trader to do an interview? i m surprised they payed that much. they must ve seen it as a cost for advertisement
That one was TFT (and I don't know the outcome of that or if that was even true):
https://www.forexfactory.com/thread/...4#post14571454
  • #21,868
  • Sep 15, 2023 10:09am Sep 15, 2023 10:09am
Quoting KoyaAndy18
{quote} Can I withdraw from FXIFY with binance?
As far as I understand you can write there any crypto address (I wrote my self custody one) so I guess it's not a problem at all.
  • #21,869
  • Sep 15, 2023 10:16am Sep 15, 2023 10:16am
Quoting Aussi
{quote} interesting why you want to use a ea with a broker , this is fact they have a plug in for ea,s and other things they use it for , recent news on here by the government regarding plugins to sway trades to the brokers advantage
just try another type of trading. I only use hft in the prop firms that allow hft. , only for demo accounts, not for live accounts due to high slippage. .
  • #21,870
  • Sep 15, 2023 10:19am Sep 15, 2023 10:19am
Quoting Lrg
{quote} {image} Having a problem to download their MT4 platform. Anyone else had this issue with them..
Maybe this has something to do with your problem.
https://www.mql5.com/en/forum/453683
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Click to Enlarge Name: MT4.png Size: 3 KB
  • #21,871
  • Sep 15, 2023 10:21am Sep 15, 2023 10:21am
Quoting Dmh
{quote} Maybe this has something to do with your problem. https://www.mql5.com/en/forum/453683 {image}
Wow, I didn't know there was a 64-bit version of MT4.
  • #21,872
  • Sep 15, 2023 10:23am Sep 15, 2023 10:23am
Quoting Boulder
{quote} just try another type of trading. I only use hft in the prop firms that allow hft. , only for demo accounts, not for live accounts due to high slippage. .
I have a tick scalper for this reason. Jessica got so upset that I used it she threatened to make it so no credit card company would ever work with me again if i charged back.

I chargedback anyway and got it. I still have all my credit cards.
  • #21,873
  • Sep 15, 2023 10:27am Sep 15, 2023 10:27am
Quoting Takisd
{quote} I have a tick scalper for this reason. Jessica got so upset that I used it she threatened to make it so no credit card company would ever work with me again if i charged back. I chargedback anyway and got it. I still have all my credit cards.
no wonder you dislike her so much. Now I understand...
  • #21,874
  • Sep 15, 2023 10:52am Sep 15, 2023 10:52am
Quoting Boulder
{quote} no wonder you dislike her so much. Now I understand...
What you talk, i love her. I have respect for the disabled.
  • #21,875
  • Sep 15, 2023 10:57am Sep 15, 2023 10:57am
Quoting Capablanca
{quote} Keeps us posted about if you received it and how long did it take Boulder, please. These days it's important that we keep an eye in the payout process to see who is (still) paying.
I got MFFX payout by bank wire today, so it took less than 3 days wire into my bank, the same time as Deel.
All good.. ...
  • #21,876
  • Sep 15, 2023 11:22am Sep 15, 2023 11:22am
whos withdrawing through binance? are the fees so bad?
  • #21,877
  • Sep 15, 2023 11:47am Sep 15, 2023 11:47am
Are there any FX Prop firms that use a separate ordering platform/software other than trading from the chart?
  • #21,878
  • Sep 15, 2023 11:51am Sep 15, 2023 11:51am
Quoting KoyaAndy18
whos withdrawing through binance? are the fees so bad?
Receiving crypto in Binance doesn't have any costs, unless FXIFY deduct anything for gas cost (to me FXIFY deposited the entire amount, not deducting any fee - it was the first prop that did that because some others like TFF and TFT charge quite a lot of gas fees, sometimes even 25 USD, which is a rip off because they never paid that much in gas fees).

You then pay the conversion fee if you convert USDT to fiat (USD, EUR, etc.).
And then a withdraw fee of EUR, USD, etc, to your bank account.

I haven't used Binance in the last 3 or 4 months but I can give you an example from the past:

1. I received USDT in Binance. No cost to receive USDT in Binance. If FXIFY doesn't deduct gas fees you will probably receive the whole amount of USDT in Binance

2. I converted USDT into EUR without fees. I paid attention to the final exchange rate applied and it was like around 5 pips above the forex spot rate of Interactive Brokers. Not bad at all knowing that we're dealing with crypto. Much better than most credit cards exchange rates.

3. I withdraw EUR to my bank account with SEPA transfer and paid 1€ (this may vary depending on the country I guess, transfers for eurozone are very cheap).
  • #21,879
  • Sep 15, 2023 12:04pm Sep 15, 2023 12:04pm
Quoting Capablanca
{quote} Receiving crypto in Binance doesn't have any costs, unless FXIFY deduct anything for gas cost (to me FXIFY deposited the entire amount, not deducting any fee - it was the first prop that did that because some others like TFF and TFT charge quite a lot of gas fees, sometimes even 25 USD, which is a rip off because they never paid that much in gas fees). You then pay the conversion fee if you convert USDT to fiat (USD, EUR, etc.). And then a withdraw fee of EUR, USD, etc, to your bank account. I haven't used Binance in the last 3 or 4 months...
u don t pay taxes on ur crypto withdra?
  • #21,880
  • Sep 15, 2023 12:18pm Sep 15, 2023 12:18pm
Quoting 1odi
{quote} u don t pay taxes on ur crypto withdra?
In my country, from fiscal perspective what matters is the nature of the income (prop trading income) and not how is that paid.
So, in other words, the tax is the same no matter if I receive in EUR, USD, USDT or in water bottles (I would have to define the EUR market value equivalent to those water bottles, of course).
And I don't pay when withdrawing. I only pay after submitting my anual IRS declaration with all my income on it. They make the calculations and send me the liquidation note informing me how much they stole from me I have to pay.
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