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  • #22,961
  • Sep 26, 2023 2:47pm Sep 26, 2023 2:47pm
Quoting Takisd
{quote} My guess... and its just a guess, leverage at margin. Leverage dramatically drops after 1mm at institutional providers. Its likely they are limiting margin requirements based on % of potential stp orders. But its not sure.
how likely is it that FTMO a-books some trades of the funded traders ?
  • #22,962
  • Sep 26, 2023 2:49pm Sep 26, 2023 2:49pm
Quoting Stoneyrocks
{quote} how likely is it that FTMO a-books some trades of the funded traders ?
...some ? 100% sure.
  • #22,963
  • Sep 26, 2023 2:52pm Sep 26, 2023 2:52pm
Quoting Stoneyrocks
{quote} how likely is it that FTMO a-books some trades of the funded traders ?
Some? what is some. Probably some, but probably not more than 1%.
  • #22,964
  • Sep 26, 2023 3:03pm Sep 26, 2023 3:03pm
Quoting TrAndy1
{quote}And they do not want to do any frequent changes going back and forth when they made a wrong decision in favor to the traders.
Why would they? Not all changes are for good as most of the new prop firms illustrate. And doing changes for changes just to do something, then revet it (because it was stupid) and do another change, and revert it again? Who would appreciate that? That's the reason why I left Bespoke (besides they still owe me money). New rules every other day, then reverted, then rinse and repeat... That was also a reason why I left corporate a few years ago. They had to change org chart every other quarter just to demonstrate they do something. And constantly generated stupid activities and changes to processes, just to show they evolve. While the quality was the last thing they actually cared about
Money is made by sitting, not trading
  • #22,965
  • Sep 26, 2023 3:06pm Sep 26, 2023 3:06pm
Quoting Stoneyrocks
{quote} how likely is it that FTMO a-books some trades of the funded traders ?
Only the ones that dont risk much and have been with them for years so its safer to hedge their trades externally, it is like forex brokers, they will B book you first depending on volume ect and then maybe A Book profitable traders and others even C BOOK
  • #22,966
  • Sep 26, 2023 3:26pm Sep 26, 2023 3:26pm
Quoting DeltaCapital
{quote} Or wise is starting to block firms or TFT is coming with excuses do delay payouts, doesnt sound good at all, btw what poker website u use?
Americas Cardroom, Betonline, WSOP (but rarely because I specialize in PLO8 and there aren't really many MTTs)
Pride always comes before destruction.... -Proverbs 16:18
  • #22,967
  • Sep 26, 2023 3:33pm Sep 26, 2023 3:33pm
Quoting Capablanca
{quote}=This situation has tested all of us
Well, except for Angelo. But he did have to send an email to his payout "team" to work through the weekend while he was enjoying his sausage fest at the beach with his boy toy friends.
Pride always comes before destruction.... -Proverbs 16:18
  • #22,968
  • Sep 26, 2023 3:49pm Sep 26, 2023 3:49pm
Quoting Vitore
{quote} Why would they? Not all changes are for good as most of the new prop firms illustrate. And doing changes for changes just to do something, then revet it (because it was stupid) and do another change, and revert it again? Who would appreciate that? That's the reason why I left Bespoke (besides they still owe me money). New rules every other day, then reverted, then rinse and repeat... That was also a reason why I left corporate a few years ago. They had to change org chart every other quarter just to demonstrate they do something. And constantly...
Because of growth needed. Every year the economy needs its growth for more wealth to make a paraphrase here. Like stocks, they need to increase year by year in average if possible (7% per annum over the last 100 years). It is like innovation and new technology and adapting on changing environments over time.
You cannot stay all the same for years like FTMO and wonder why all the new competitors (like MFF once) gained so much market share (in relation to FTMO).
  • #22,969
  • Sep 26, 2023 4:40pm Sep 26, 2023 4:40pm
This is how a real fraud and Ponzi looks like (not MFF):
https://www.cftc.gov/PressRoom/PressReleases/8786-23
  • #22,970
  • Sep 26, 2023 6:19pm Sep 26, 2023 6:19pm
Quoting Expo33
{quote} Well, except for Angelo. But he did have to send an email to his payout "team" to work through the weekend while he was enjoying his sausage fest at the beach with his boy toy friends.
thats the perk of being owner of any business… plus any extra effort made by employees are compensated well usually.. thats how corporate works my friend…
Extreme gut feeling trader
  • #22,971
  • Sep 26, 2023 6:26pm Sep 26, 2023 6:26pm
Quoting pipmaster77
How far does everyone believe DOW will correct to?
-With Indices, you never can know, for sure. But looking at the higher time-frames, I can see that there is still a lot of room available for correction.
  • #22,972
  • Sep 26, 2023 6:26pm Sep 26, 2023 6:26pm
Quoting Vitore
I wonder why all those "criminals" ... target only Bespoke and not other firms
-If I had to guess, I would say that some firms have not figured out a good way to stop people from exploiting their feed.
  • #22,973
  • Sep 26, 2023 6:27pm Sep 26, 2023 6:27pm
Quoting Takisd
My guess... and its just a guess, leverage at margin. Leverage dramatically drops after 1mm at institutional providers. Its likely they are limiting margin requirements based on % of potential stp orders. But its not sure.
-And also because that amount of capital would provide a significant amount of daily draw-down, which would potentially create a much greater exposure to risk for the firm.
  • #22,974
  • Sep 26, 2023 6:29pm Sep 26, 2023 6:29pm
Quoting TrAndy1
{quote} "I've been banned by many prop firms." I mean that says all. If no prop firm accepts his trading, why should Bespoke give a cheater some money ? And then he taught his wife the same, and now what ? She got banned to, not because she is his wife, because she traded his cheating style. That's it. You cannot be serious posting this!
yes. that is the problem with prop companies.

they are nothing for very successful professional traders or for cheaters. both make to much money and you do not want in any type of B-Book broker or in any prop company to many high professional winners (all they win you lose for sure and you want kick them out and you will do, that is total sure!!!! only for marketing you let allow some winners stay).

prop accounts are good for beginners or not so very successful traders, or traders with more risky trading styles with no true edge. or maybe for professional traders who never want to make a bigger business from this by earn millions and who can live with small wins and do not want to grow.

prop companies are nothing more then a simple trading game, no order comes to real interbank market and has total zero influence to any price, so they trade in a total side market like full b book brokers. any b book broker or prop company (all who just say they use money and trade it in real accounts, but in reality do not do and use only demo accounts - and that are near all!) is a unconnected casino for his own and nobody in market care about this, because no trade will ever hit real market. side bets/side markets are best names for this prop companies/full b-book brokers.
  • #22,975
  • Sep 26, 2023 7:12pm Sep 26, 2023 7:12pm
Quoting montygoldy
{quote} thats the perk of being owner of any business… plus any extra effort made by employees are compensated well usually.. thats how corporate works my friend…
I was involved with corporate life before you were born but thanks for the info.

I'm sure the "payout team" isn't getting any extra rewards other than overtime hours.
Pride always comes before destruction.... -Proverbs 16:18
  • #22,976
  • Sep 26, 2023 7:15pm Sep 26, 2023 7:15pm
Good news!

I got the email from The Funded Muppets rejecting my Wise payout request so I can go ahead and request a crypto payout.

Oh, but wait the "request" button is inactive. Revolutionizing the industry
Pride always comes before destruction.... -Proverbs 16:18
  • #22,977
  • Sep 26, 2023 7:17pm Sep 26, 2023 7:17pm
Quoting Trader191
{quote} yes. that is the problem with prop companies. they are nothing for very successful professional traders or for cheaters. both make to much money and you do not want in any type of B-Book broker or in any prop company to many high professional winners (all they win you lose for sure and you want kick them out and you will do, that is total sure!!!! only for marketing you let allow some winners stay). prop accounts are good for beginners or not so very successful traders, or traders with more risky trading styles with no true edge. or maybe...
You nailed it. From the first time I started looking into the prop business what you just stated was most obvious. The 90% payouts are a pie in the sky dream for an aspiring trader. No one of the 3 private investors I know were even willing to payout more than 60% to the trader & that was only after a 90-day trial period. A 50% 50% split was about the average. I'm currently doing a trail account with FTMO & once that's completed & I may purchase a 50K challenge, but not totally decide just yet to do that.
  • #22,978
  • Sep 26, 2023 7:44pm Sep 26, 2023 7:44pm
Quoting Expo33
Good news! I got the email from The Funded Muppets rejecting my Wise payout request so I can go ahead and request a crypto payout. Oh, but wait the "request" button is inactive. Revolutionizing the industry
Request for crypto submitted. Tick tock on the clock
Pride always comes before destruction.... -Proverbs 16:18
  • #22,979
  • Sep 26, 2023 7:56pm Sep 26, 2023 7:56pm
Quoting acetrader
{quote} You nailed it. From the first time I started looking into the prop business what you just stated was most obvious. The 90% payouts are a pie in the sky dream for an aspiring trader. No one of the 3 private investors I know were even willing to payout more than 60% to the trader & that was only after a 90-day trial period. A 50% 50% split was about the average. I'm currently doing a trail account with FTMO & once that's completed & I may purchase a 50K challenge, but not totally decide just yet to do that.
50% / 50% payout is already near cheating the client.
the client has to tax all wins, so of course after you give him a official bill as Licence trader he can at least reduce the tax by your bill (but even this dont work tax reduced in some countries). but for the rest after tax often not more then 25% from all wins is there, and this for having 100% of the risk.

normal is 20-30% performance fee.

to many did do much shit with cheats like trade against the client accounts to get for sure wins in both directions.

lets remember in forex and crypto 99,99% is total scam or fake, so the client needs also pay for this high risk.
lets remember this loser traders who use martingale or losing trades recovery systems. and 95% of People who trade client money use this style, thats a joke and horror same time (you just have no egde and make by use this style an edge for yourself by bring the risk to the client and all wins to yourself).
lets remember often people trade client money who do not have at least 5/10/15 years of successful increasing equity curve accounts, so they are not even near any good stable mastering of trading.
and i can do this a long time more.......
  • #22,980
  • Edited 8:39pm Sep 26, 2023 8:10pm | Edited 8:39pm
Quoting Stoneyrocks
{quote} how likely is it that FTMO a-books some trades of the funded traders ?
0%. to much more cheap to just kick out biggest professional traders, rest unprofessional traders you can let inside because you know what will happen or use some for marketing. and all rest money that comes in is your win without costs.

its just a simple business, no complex thing to calculate here.

there is higher chance they open a fund with this total good traders by speak directly with them. but why they should do this work against earn more easy with this simple already running business model? maybe as add on, total out of the risk of running business.

as a prop company you can only win high by 2 ways:
- have many paying losers (+create by rules enough)
- reduce your winners by any possible way and rules
- kick out most professional traders fast to reduce sure unnecessary losses

so what would you do when its your business and you want increase the win? think deep and then you know what is done. its just about business, a pure math game like a casino... only with a not total fixed mathematic / statistical edge, but you can design it to one by smart rules to bring your statistical numbers exactly how you want it. the reality is, they create an edge by their rules same like a casino is doing, so same like a casino plays the people come in and give them fun time to play with and get payed by negative probability by rules for players, a prop Company trades the traders and give them fun time to trade with their trade environment like its a real market and get payed by negative probability by rules for traders.

any questions?
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