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  • #22,001
  • Sep 18, 2023 3:19am Sep 18, 2023 3:19am
Quoting genuine007
so I just configure my 2nd payout from TFF in my opinion TFF is on the costlier side also the payout ratio is 80% & period is 14 days which is also delayer & also you have to wait for configure option to visible otherwise you cannot request payout and as you can see they are also deducting some fees while withdrawing using crypto they are charging additional approximately 10 $ for sending 284 $ via crypto USDT ERC20 and the overall profits I able to make is 355 $ in 14 days after going into drawdown 2 times dashboard of TFF is the best and all their...
Yep, unfortunately they charge too much for crypto withdraw. Once they deducted me 25 USD for a 4 figures payout when gas fees were around 3 USD or so.
They abuse from us on that.
  • #22,002
  • Sep 18, 2023 3:26am Sep 18, 2023 3:26am
Quoting Capablanca
{quote} Yep, unfortunately they charge too much for crypto withdraw. Once they deducted me 25 USD for a 4 figures payout when gas fees were around 3 USD or so. They abuse from us on that.
and how much time they take for sending payment in crypto wallet?
they must be taking a longer time in that too..
atleast they process crypto payments fast, otherwise what's the use of fees they are charging for processing crypto payments..
  • #22,003
  • Sep 18, 2023 3:29am Sep 18, 2023 3:29am
Quoting Soros
guys whats your take on MY FUNDED FX Im thinking of purchasing a challenge today, good or bad idea?
buy one for me their highest challenge.. i will pay you back after the 1st payout and refund
  • #22,004
  • Sep 18, 2023 3:30am Sep 18, 2023 3:30am
Quoting genuine007
{quote} and how much time they take for sending payment in crypto wallet? they must be taking a longer time in that too.. atleast they process crypto payments fast, otherwise what's the use of fees they are charging for processing crypto payments..
Usually by the end of the day or the next day in the morning.

The problem with TFF is that you can't trade for 2 business days because you need to receive the new account credentials. This will probably only happen tomorrow by the end of the day 8london session).
  • #22,005
  • Sep 18, 2023 3:34am Sep 18, 2023 3:34am
Quoting Capablanca
{quote} TrAndy, did you get the payout from Bespoke last week or are they still processing it ?
...still waiting. Actual waiting time around 96 hours. So maybe at the end of this day.
When I asked last week they had over 100+ current requested payouts so they must be busy. Usually they are processing like 10 payouts per day from past statistics as I know. And nothing is automated there. So they need to do it all manually that can take some time of course. It was already suggested many times to do it faster so that trading can be continued earlier. But it is now as it is.
  • #22,006
  • Sep 18, 2023 3:35am Sep 18, 2023 3:35am
Quoting Capablanca
{quote} Usually by the end of the day or the next day in the morning. The problem with TFF is that you can't trade for 2 business days because you need to receive the new account credentials. This will probably only happen tomorrow by the end of the day 8london session).
yeah i like "smart prop trader" the most in that matter
because once payout is approved you can again start trading and you need not new account
and also the payout ratio is 85% and days are just 12
but here you have to careful about the daily loss limit which is 1% less than the normal 5%
also the dashboard of smart prop trader is kind a boring, useless, outdate, it is the worst thing about smart prop trader, if they work on ui, dashboard, they will come on top, especially with their hidden feature of equity protector, max loss is 4% fixed for daily, your loss cannot go beyond this and your account will not breach the rule.
although in both TFF and SPT daily loss limit is balance based which is good, you need not to do unnecessary mathematical calculations considering equity and balance too and you can focus purely on trading..
  • #22,007
  • Sep 18, 2023 3:44am Sep 18, 2023 3:44am
Quoting genuine007
so my 3rd payout from spt, just hit my bank account today received 226 $ deel was slow process, USDT ERC20 is actually superfast process requested at sunday, afternoon and after request is placed i went to their discord open support ticket and tell there the account number, wallet address and its done they said tomorrow payment will arrive and its arrived, and i am happy so in my opinion, if deel continue its working with prop firms or not, its not going to effect the payment processing we use crypto for paying, now we will also crypto for receiving...

spt== WHICH PROP FIRM. PLEASE SHARE FULL NAME

THANKS
  • #22,008
  • Sep 18, 2023 3:47am Sep 18, 2023 3:47am
Quoting inversio
{quote} spt== WHICH PROP FIRM. PLEASE SHARE FULL NAME THANKS
SPT=Smart Prop Trader
  • #22,009
  • Sep 18, 2023 3:48am Sep 18, 2023 3:48am
Quoting inversio
{quote} spt== WHICH PROP FIRM. PLEASE SHARE FULL NAME THANKS
spt = smart prop trader
and for its features, good and bad things see my previous post,
you will also get its comparision with "true forex funds = tff"
  • #22,010
  • Sep 18, 2023 4:04am Sep 18, 2023 4:04am
TFT Scrambling to run from the CFTC - silently closing one company to move to another and changing shareholders.
Run angelo, run.
  • #22,011
  • Sep 18, 2023 4:04am Sep 18, 2023 4:04am
Quoting genuine007
{quote} yeah i like "smart prop trader" the most in that matter because once payout is approved you can again start trading and you need not new account and also the payout ratio is 85% and days are just 12 but here you have to careful about the daily loss limit which is 1% less than the normal 5% also the dashboard of smart prop trader is kind a boring, useless, outdate, it is the worst thing about smart prop trader, if they work on ui, dashboard, they will come on top, especially with their hidden feature of equity protector, max loss is 4% fixed...
This is clearly a business decision. It's good (for them) to cut 2 trading days in each 14 days cycle for "payout process". It's obsolete. TFT was 3 business days (I think now is just 24 hours. And apparently Bespoke is even worse now.

There are props that allow you to continue trading as soon as you request the payout. They deduct the amount from the balance and you go on trading immediately.
Then they check what they have to check to pay but at least you are not waiting for whatever they are doing.

MFFx and 5ers work this way. You request the payout, they deduct it and you resume trading immediately while they are doing the backoffice work.
  • #22,012
  • Sep 18, 2023 5:08am Sep 18, 2023 5:08am
Quoting Soros
guys whats your take on MY FUNDED FX Im thinking of purchasing a challenge today, good or bad idea?
It's nonsense. They ask you to pay first. Proprietary trading company is not so
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.3%
  • #22,013
  • Sep 18, 2023 5:17am Sep 18, 2023 5:17am
What I read about prop trading company I s that they give you demo first and see you are able to trade before funding account for you to trade. If anyone knows of any that doesn't demand traders' capital please let me know and share here. Some of you you, no doubt read about most followed Singaporean trader, Teo Rayner
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.3%
  • #22,014
  • Sep 18, 2023 5:28am Sep 18, 2023 5:28am
Quoting 9jatrader
What I read about prop trading company I s that they give you demo first and see you are able to trade before funding account for you to trade. If anyone knows of any that doesn't demand traders' capital please let me know and share here. Some of you you, no doubt read about most followed Singaporean trader, Teo Rayner
You get more leverage with props but you need to deposit some money to get that kind of leverage on real props. These props you pay for a challenge fee. So what you want is rare as you need to apply on job boards. Then again you need to do some demo trading first until they give you real money, even they do not ask for any upfront fee. And that Theo Rayner is a clown and has no real idea from trading at all. His only fulltime job is to make youtube videos and get money from his followers and likes.
  • #22,015
  • Sep 18, 2023 5:36am Sep 18, 2023 5:36am
You don't pay money before you are giving job. My broker has copy trader where followers pay the provider. And some percentage to the broker. For me maybe okay for now. Prop is rubbish
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.3%
  • #22,016
  • Sep 18, 2023 5:47am Sep 18, 2023 5:47am
Quoting 9jatrader
You don't pay money before you are giving job. My broker has copy trader where followers pay the provider. And some percentage to the broker. For me maybe okay for now. Prop is rubbish
Then don't buy an account. Pretty simple.
  • #22,017
  • Sep 18, 2023 5:50am Sep 18, 2023 5:50am
Quoting 9jatrader
You don't pay money before you are giving job. My broker has copy trader where followers pay the provider. And some percentage to the broker. For me maybe okay for now. Prop is rubbish
your choice. But how much money can you make with that in addition to your trading ? Copy traders are not too many or ? And then you do not need no license ????
  • #22,018
  • Sep 18, 2023 5:50am Sep 18, 2023 5:50am
Quoting Takisd
{quote} Then don't buy an account. Pretty simple.
They're the one looking for traders who can trade for them
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.3%
  • #22,019
  • Sep 18, 2023 5:52am Sep 18, 2023 5:52am
Quoting 9jatrader
{quote} They're the one looking for traders who can trade for them
Usually you need a track record, which can take much more time than what you could build with challengers props. So that is trade-off. All about how much you can make what kind of time period. No one gives you $1 million or $100k risk capital to trade with without seeing your performance. So those challenges are a shortcut here.
  • #22,020
  • Sep 18, 2023 5:52am Sep 18, 2023 5:52am
Quoting Soros
guys whats your take on MY FUNDED FX Im thinking of purchasing a challenge today, good or bad idea?

It's the price of a SL for many in the west. Best form your own opinion. Everyone has different ideas of what constitutes "good & bad".

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