Prop Firm Hub | Page 1111 | 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

  • #22,201
  • Sep 20, 2023 6:31am Sep 20, 2023 6:31am
What is your opinion about SPT and GFT ? Smartproptrader and Goatfundedtrader ? There should not be too many legit props ...
  • #22,202
  • Sep 20, 2023 6:37am Sep 20, 2023 6:37am
Quoting TrAndy1
{quote} If they offered you to continue trading on your 400k funded account why did you not continued then ? I mean you had nothing to loose. You could just make more payouts out of them. So why did you say no to them then ? This funded account was still an opportunity to make some money. I would not have done this if they offered me to continue trading. Or did you loose your funded account right after because of trading losses ? There are too many things here I do not understand with you. You really have thrown away a $400k funded account with...
There were no profits on the funded account. I passed phases 1+2 and they were supposed to give me funded account. Bu they didn't.
Why would I invest time into trading the funded account with someone I don't trust? They would only fabricate another reason to get rid of me in silence before the first payout (which was 30 days away with them), e.g. prohibited account management because I use Duplikium. So I would have to trade it manually to ensure they cannot use it against me which is impossible as I don't use MT.
Money is made by sitting, not trading
  • #22,203
  • Sep 20, 2023 6:39am Sep 20, 2023 6:39am
Quoting TrAndy1
1. FTMO 2. Bespoke 3. FXIFY 4. ACC 5. Tradingpit 6. 5ers ...?
ACC ?
  • #22,204
  • Sep 20, 2023 6:41am Sep 20, 2023 6:41am
Quoting TrAndy1
1. FTMO 2. Bespoke 3. FXIFY 4. ACC 5. Tradingpit 6. 5ers ...?
Is ACC a mistake and you mean ACG (ALPHA CAPITAL GROUP). Trading with them and amazing conditions(not funded yet) also somehow they still pay out through DEEL? Maybe DEEL thinks they were the only legit firm in this business?
  • #22,205
  • Sep 20, 2023 6:44am Sep 20, 2023 6:44am
Quoting Vitore
{quote} There were no profits on the funded account. I passed phases 1+2 and they were supposed to give me funded account. Bu they didn't. Why would I invest time into trading the funded account with someone I don't trust? They would only fabricate another reason to get rid of me in silence before the first payout (which was 30 days away with them), e.g. prohibited account management because I use Duplikium. So I would have to trade it manually to ensure they cannot use it against me which is impossible as I don't use MT.
So you got your money back and you had no requested payout which they did not pay. So nothing bad so far. They made a mistake in the early days with new hired staff. I cannot blame for this. But I still do not understand why you have thrown away a $400k funded account already when you had nothing to loose. I mean you could have traded manually and not trust at all that they will payout you. But in case you made a profit and when it comes to payout, you had nothing to loose here. You could only "win" a payout, so I do understand your behavior. There are many others here who also have no trust at all, but when they get a payout they are happy. It is all about the payouts and not about the trust. Otherwise you can easily deny the whole industry by not trusting them at all. You really had nothing to loose with your funded account when you had continued to trade it. I just do not get it. I never would have done this. I mean in case...you still can get a payout. So you decided to get no payout for sure because you did not trade on the funded account. Because you had no trust and did not want to put in some work with manual trades. I mean on a 25k account I would say do not bother, but on a $400k funded account ? This is some money and meaningful account size. You cannot throw this away ...???
  • #22,206
  • Sep 20, 2023 6:44am Sep 20, 2023 6:44am
Quoting TrAndy1
1. FTMO 2. Bespoke 3. FXIFY 4. ACC 5. Tradingpit 6. 5ers ...?
Until you remove bespoke from that list I won't be participating man. Theres tonnes of bespoke red flags rn. Also that tradernok clown reported them to the FCA. Hard stay away.
  • #22,207
  • Sep 20, 2023 6:45am Sep 20, 2023 6:45am
Quoting Tobiazzek
{quote} Is ACC a mistake and you mean ACG (ALPHA CAPITAL GROUP). Trading with them and amazing conditions(not funded yet) also somehow they still pay out through DEEL? Maybe DEEL thinks they were the only legit firm in this business?
Yes I mean Alpha Capital Group my mistake here, sorry.
  • #22,208
  • Sep 20, 2023 6:46am Sep 20, 2023 6:46am
Okay this is official crowd opinion here of still legit prop firms.

1. FTMO
2. FXIFY
3. ACG
4. Tradingpit
5. 5ers
6. ....?
  • #22,209
  • Sep 20, 2023 6:53am Sep 20, 2023 6:53am
Quoting Tobiazzek
{quote} Is ACC a mistake and you mean ACG (ALPHA CAPITAL GROUP). Trading with them and amazing conditions(not funded yet) also somehow they still pay out through DEEL? Maybe DEEL thinks they were the only legit firm in this business?
Me too. Hoping for the 3rd payout on first account and 1st payout on my second account. Still see people getting paid on Deel through them.

Passed phase 1 for FTMO. Will try to get a TFF account after my FTMO is funded.

Not sure if TFF deserves to be on the valid list too.

Was about to get a FXIFY account on Monday, but saw lots of people complaining they didn't get credentials and I chickened out.
  • #22,210
  • Sep 20, 2023 6:54am Sep 20, 2023 6:54am
Quoting TrAndy1
Okay this is official crowd opinion here of still legit prop firms. 1. FTMO 2. FXIFY 3. ACG 4. Tradingpit 5. 5ers 6. ....?
How did Tradingpit ended up there ? Is there really a general agreement that they are paying without much cases os malpractices ?
(honest question because I know nothing about them)
  • #22,211
  • Sep 20, 2023 6:57am Sep 20, 2023 6:57am
Quoting Capablanca
{quote} How did Tradingpit ended up there ? Is there really a general agreement that they are paying without much cases os malpractices ? (honest question because I know nothing about them)
they are ok, just their rules suck but they are legit.
  • #22,212
  • Sep 20, 2023 6:58am Sep 20, 2023 6:58am
Quoting TrAndy1
What is your opinion about SPT and GFT ? Smartproptrader and Goatfundedtrader ? There should not be too many legit props ...
SPT is owned by Blake Olson and based in US. I would not recommend it for both these reasons.

GFT is pretty new. I know nothing about them, except they are based in Spain.
  • #22,213
  • Sep 20, 2023 7:02am Sep 20, 2023 7:02am
Quoting Capablanca
{quote} SPT is owned by Blake Olson and based in US. I would not recommend it for both these reasons. GFT is pretty new. I know nothing about them, except they are based in Spain.
Me too. cannot say much. What is about True Forex Funds are they okay ? There have been some complaints regularly that they are not paying out I noticed on TFF.
  • #22,214
  • Sep 20, 2023 7:06am Sep 20, 2023 7:06am
Quoting TrAndy1
Okay this is official crowd opinion here of still legit prop firms. 1. FTMO 2. FXIFY 3. ACG 4. Tradingpit 5. 5ers 6. ....?

I don’t know about other but the legit prop firm I know for now is

5ers
citytrader
luxtrading
surgetrader
ftuk
MY OPINION NOT FINANCIAL ADVISE
  • #22,215
  • Sep 20, 2023 7:10am Sep 20, 2023 7:10am
Quoting donfriday
{quote} I don’t know about other but the legit prop firm I know for now is 5ers citytrader luxtrading surgetrader ftuk
The score is not good and below earth on CTI, LUX and Surge. Even they pay it is better not to touch them and just trade on personal account or look for other props.
  • #22,216
  • Sep 20, 2023 7:10am Sep 20, 2023 7:10am
GFT Commission was 7 points on indeces, now 5 , which means add 2.5 point both ways to spread.

SPT - had account with them, small one but had problem with scalling, support was telling me that I need 4 months of trading not 3 even when website was saying opposite. Also you got 4000 daily loss for 100k and it stays forever even after scalling.
  • #22,217
  • Sep 20, 2023 7:15am Sep 20, 2023 7:15am
Quoting TrAndy1
{quote} So you got your money back and you had no requested payout which they did not pay. So nothing bad so far. They made a mistake in the early days with new hired staff. I cannot blame for this. But I still do not understand why you have thrown away a $400k funded account already when you had nothing to loose. I mean you could have traded manually and not trust at all that they will payout you. But in case you made a profit and when it comes to payout, you had nothing to loose here. You could only "win" a payout, so I do understand your behavior....
They still didn't pay me the phase 1+2 bonus. So no, nothing bad so far except for they owe me some $7-8,000.
In this case, why should I waste more time on them? My time is valuable, I'm not gonna waste it with someone who cheated me.

Others (except of FN) do not owe me anything. So there's no point to deny them all except these two (and a looong list of others who have really stupid rules)

So I decided not to waste my time with cheaters that owe me significant amount of money. What's so difficult about it to understand?

EDIT: and besides, after my case they introduced new rules which make my usual trading prohibited with them so not only I would have to use MT which I totally detest, but I would also have to change my profitable strategy to something else only to please some greedy kid and hope he would pay me next time. makes no sense to me
Money is made by sitting, not trading
  • #22,218
  • Sep 20, 2023 7:19am Sep 20, 2023 7:19am
Quoting Takisd
{quote} they are ok, just their rules suck but they are legit.
Ok, I just read the conditions. Yep, they are horrible. We pass a challenge 1 step with static DD but then the DD becomes trailing and the initial payout is only 60% when we achieve 8%.
  • #22,219
  • Sep 20, 2023 7:20am Sep 20, 2023 7:20am
Quoting Vitore
{quote} They still didn't pay me the phase 1+2 bonus. So no, nothing bad so far except for they owe me some $7-8,000. In this case, why should I waste more time on them? My time is valuable, I'm not gonna waste it with someone who cheated me. Others (except of FN) do not owe me anything. So there's no point to deny them all except these two (and a looong list of others who have really stupid rules) So I decided not to waste my time with cheaters that owe me significant amount of money. What's so difficult about it to understand?
It's very bizarre that they admitted their own mistake to the point of inviting you to go on trading but then they denied the bonus payout.
  • #22,220
  • Sep 20, 2023 7:21am Sep 20, 2023 7:21am
Quoting Capablanca
{quote} Ok, I just read the conditions. Yep, they are horrible. We pass a challenge 1 step with static DD but then the DD becomes trailing and the initial payout is only 60% when we achieve 8%.
yes horrible value for money on Tradingpit. Even they pay is better not to touch them as their offer in itself is kind of fraud.
153 traders viewing now