Prop Firm Hub

It is also the end of 8cap as broker behind any prop firm. More and more firms, like Bespoke for example, have removed 8cap as broker option. Silent death to all HFTs.

the Lambos are just rented for one hour, time to take the selfies. For the mansions, they visit luxury houses for sale and take selfies there.

-I think, no one is disputing that. It is also understood why some props include such verbiage in their terms. The problem is when props are not providing clarification in writing as to what they deem as consistent, so such interpretation becomes ambiguous and selective in nature.

This has been discussed here many times. Traders should be demanding that clarification be provided and not settling by saying, "oh, well, this is for bad actors, so I should be okay". This is foolish, in my opinion, and it perpetuates the problem by enabling this sort of thing.

Has anyone heard of or used this one yet?

Searched this thread and didn't find anything

https://www.fundingfrontier.com/

Idk, but score is good, which is 5.4 (with actual discount code). I do not like that they offer max. 200k and total max. 400k as capital. They are UAE, Dubai based.

First Frontier FZ-LLC (“First Frontier”) is a privately-owned company registered by the Registrar of Companies, Ras Al-Khaimah Government’s Economic Zone Authority in the United Arab Emirates with the registration ‎number 880730-474P-xzsJ-44022039. First Frontier is an educational company that runs an online educational trading ‎community and a prop trading firm that funds its traders through its Funded Trader Program trading platform.‎

I could find any info on them, it seems no public register here. There is also no refund of your fee stated in their Terms and Conditions.

Pretty bad rules:

TERMINATION
As the authorised Funded Trader you are obliged to report to Funding Frontier via email to (email address to be inserted) if their ‎account credentials have been lost or stolen.‎ The termination of the Funded Trader Program can occur due to the trader’s inability to adhere to ‎the terms and conditions of this agreement. We reserve the right to terminate the Funded Trader Program Agreement for any of the following reasons:‎

1. reaching the Max Absolute Drawdown $ (Fixed Loss from Initial Capital) during any of the Evaluation or Funded Trader Phases;
2. ‎ the third violation of the 2% max risk per position rule provided that before termination the Funded Trader will receive 2 warning emails before to notify them each time this rule has been breached;
3. one (1) month or more of no trading activity on the Funded Trader or Evaluation account without written official notice to Funding Frontier via email;
4. ‎the misuse or abuse of the Funded Trader Program;
5. ‎the use of the Funded Trader Program for any other purpose other than for reasons stated in the Agreement;
6. ‎‎performing prohibited trading activity, such as High-Frequency Trading, Ultra-Fast Scalping, Latency Arbitrage Trading, any Tick Scalping Strategies, any Copy Trading of other person’s ‎signals, any Reverse Arbitrage Trading, any Hedge Arbitrage Trading, any use of emulators, and Martin Gale Style EAs;
7. ‎ group trading (manually or using the same EA by one individual on more than 2 accounts ‎or by multiple individuals on multiple accounts); and
8. ‎ social trading, copy trading from other traders, and any mirrored trading activity.

‎You agree that at all times, that Funding Frontier has the right to terminate your funding as it sees ‎fit to its risk tolerance and willingness to risk its own capital during all phases of the Funded Trader Program at its own discretion.

.....

Trading Behaviour
The Trader must continue to use the same strategy when funded as during the challenge. If there is a significant change of behaviour when funded (suggesting a change of trading strategy) a withdrawal can be refused. This will be at the sole discretion of First Frontier.
The trader must not breach any rules set out in the Responsible Trading Policy.
Breaking the Daily Drawdown Rule, the Max Drawdown Rule, the Inactivity Rule or the Trading Behaviour Rule will result in account termination.
Breaching the Responsible Trading Policy may result in the trader’s funded account balance being reset, and/or a temporary reduction of profit split to 25%, and/or a withdrawal being refused, and/or a scaling request being rejected and in extreme circumstances, account termination. The final decision will be at the discretion of First Frontier.
First Frontier reserves the right to change the rules for Challenge Accounts at any time.
If we discover at a later time that you have breached any of our terms and conditions, we reserve the right to terminate your account. In the event this happens, you will not be entitled to a refund.

....

1. EA: EAs are allowed except the EAs of Martin Gale, High-Frequency Trading, Ultra-Fast Scalping, Latency Arbitrage Trading, any Tick Scalping Strategies, any Reverse Arbitrage Trading, any Hedge Arbitrage Trading, and any use of emulators which are not allowed. Using any of the EAs mentioned above will cause immediate termination of the account without notice or compensation whatsoever. This decision remains at the sole discretion of First Frontier.
2. It is strictly prohibited to use any software, artificial intelligence, high-speed or mass data entry which might give you an unfair advantage. Such use shall be considered cheating and shall result in the termination if the account forthwith and without any compensation whatsoever. This decision remains at the sole discretion of First Frontier.
3. It is prohibited to Perform Trades using an external or slow data feed.
4. It is prohibited to perform trades contrary to how trading should be performed in the financial markets, or in a way which causes First Frontier financial harm.
5. Copy Trading: Any Copy Trading of other people’s ‎signals, Group Trading with other individuals, or funded account management services or “challenge-passing” services are not allowed. Any Copy Trading activity mentioned above will cause immediate termination of the account. However, the Funded Trader may copy trades from its personal account to First Frontier account, provided that Funded Trader can provide proof of such copied trades to First Frontier.
6. Stop Loss: You are obliged to use a stop loss on every trade as soon as reasonably practicable and in any event at least within 5 (five) minutes of the trade thereof. Failing to do so will result in a warning being issued to the trader and could ultimately result in the termination of the trading account if the trader continues to not abide by the rule.

You agree that to protect First Frontier’s capital and help our traders succeed we monitor every account for gambling or reckless trading and in particular to look for the following:
(a) risking 100% or more of your drawdown limits in open trades, for example, open trades totalling 5% risk if the traders max daily loss is 5%,
(b) risking 50% or more of your drawdown limits in a single trade or across multiple trades on the same instrument such as risking 2.5% on a single position if the traders max daily loss is 5%, or
(c) trading with no stop loss.
For every trade, the trader must add a stop loss within 300 seconds (5 minutes) of the position open time. Any modifications within this initial 300 seconds (5 minutes) are immune from the Risk Management Rules, i.e. You have unlimited opportunities within this initial 300 seconds (5 minutes) to make sure your stop loss is set to a level which does breach the Responsible Trading Policy.
After this initial 300 seconds (5 minutes), traders have no limit on how many times they may modify a position, but we will only permit one stop loss modification error which breaches the RTP as long as it is rectified within 30 seconds of the error being made. For example, if the trader moves their stop loss to a price which breaches the RTP, they have 30 seconds to amend the mistake and must not make any more mistakes for the remaining duration of this trade.
The stop loss value when the trade is closed is final. If a trade is closed with no stop loss or if the stop loss set breaches the risk management rules, this will be a breach regardless of the trade duration.

......
I stop now, there are so many bad rules. Just skip this prop firm. Looks like a scam.

FTMO has 50 again on US500, I remember past weeks was 28!

they increased? I need a list so of the best prop with lowest sp500 spread please again.

If a prop firm has no superb score and no great max. capital but many, many rules. This is probably then a scam. How do they know as prop firm owner what works or not. If they knew how to trade or what kind of trading style should work, they probably could be only traders for themselves. This is getting ridiculous on too many rules.

If they want to protect against EA they can write it clearly. But because they write it vaguely it is obvious they plan to use this rule any time it becomes handy. You earn too much - obviously you used different strategy then last week which is violation of our rules. Bye bye...

It is not that easy. It all depends on interpretation of rules and also payout history. If they paid out without problems, also bigger ones. This is the best indicator you can have. Anything else is like a wish-wash. It is really not about they could, or could in the future. Important is what is now and how payouts are done. That is all you need.

-It is easy to provide more clarification. Such critical terms that are open to interpretation should not be tolerated. This kind of view will only perpetuate this sort of practice and enable firms to more-easily take advantage of traders without any sort of accountability or backlash.

You will always defend Bespoke and I will always say they cannot be trusted. I'm surprised you do not care about what could happen as this is a basis of any rational selection process. For me, it is very easy. The rules mostly define what they can do - and based on their crappy rules they can do whatever. If you decided to close your eyes and pretend it doesn't exist then it's your decision. But my advice for everyone here is to avoid Bespoke. This rule is only one of the many reasons. Every firm is flawless until the first issue but then it is too late.

It is as easy as saying that you changed strategy, deny your payout and ban you from their services. Then if you want go to court (which they know most of the times people won't).

-Yes, and you cannot have any sort of historical (or current) payout data to gauge credibility if no one is willing to take unnecessary and excessive risk. Why tolerate this sort of thing if you do not have to? It seems very questionable to me. And then to defend the practice is even more questionable.

-Which will likely prove futile since the terms that you agreed to will clearly state that the firm is operating within the scope of the contract.

I do this because of lack of opportunities on other props. I was already max. funded on MFF which was my first choice. Now FTMO has much lower value so they are not good in my opinion for the value of money what you get there. The score is simply to low for me (with taxes included it is close to zero added value). So best of all worlds, you are right, not many rules, all rules simple and clearly expressed. Also good score and outstanding payout history. But there are not many options close to zero now, what you can do right now. Beside MFF, TFF was good but has payout problems. So payouts are most important factor because without a payout all efforts are meaningless. The second one, are the rules. Yes too many and not clear rules makes it complicated, you need to do more research how it is done and how the prop acts in reality. Score is also very important, then without a good score you could also trade on personal account without any stupid rules at all. So here is always a competitor on all prop firm offers. If the score is below 4, you can skip the offer. FTMO might be an exception, especially on low tax countries, but the value is low for what you pay for. Actually I do not know any other prop firm with score above 5 (which is my minimum base) and good payouts and also very good, clear and few rules. Do you know any other such prop firm right now ? I am not aware of one. FXIFY and ACG have some issues. FundedEngineer huge payouts scams. CTI and 5ers only score around 4 and they also have offers in the product line which makes no sense at all. So no total weird rules here, but the trader must be like an idiot who cannot do basic math if you look on all their offers, especially they had in the past for a very long time. This is like nonsense to me. I mean which serious trader you want to have on their old offers. This is like a bad joke. A real scam. Like a very stupid nonsense rule, you can say. That is why I have no choice to restrict the number of prop firms too much. Then there are no ones left anymore, except MFF (funny!). TFTP I never trusted. MFFX I heard too many weird things about denying payouts on very vague reasons (which you can read on trustpilot too). So what... ? Really, if you are or one is that etepetete you can skip all current prop offers. MFF was by far the best one.

Last update of the day...
Not so good.

1.Bespoke - 2% positive
2. fxify - 1.6% negative
3. Fundednext - 3.3% negative…
4. Skilled and smart prop - 3.3 negative.....

Tomorrow's goals for Bespoke(4% ++), fxify (Breakeven) and rest below or close to 2% loss.......

I do not know how big was the scamming industry around prop passing services either with HFT EAs on Eightcap especially or reverse account trading across prop firm accounts. But I assume it was pretty big industry, because there are so many loosing traders who are looking around and all these offers were popping up. So this new tendency of banning Eightcap as broker is quite good. I mean there were a lot payout misconceptions around because of denied payouts. Also people who cheated did this at the cost for the real traders. As we know there is not much A-booking at all in this prop firm industry. So anyone has google search traffic and can do a comparison to prop firm offers generally and how this evolved over the last recent time here ? I would like to get a better impression how big this cheating really was/is?

-Probably, the best course of action at this current time would be to just wait it out. Trade your current, funded and personal accounts until the the dust clears. Traders that elect to settle by purchasing accounts with firms that have questionable terms, or even worse, that are clearly scamming people, will only help to lay the welcoming mat for more scammers, while also helping to set the stage for more regulatory action in this space as more firms inevitably scam people by refusing payouts etc..

To each their own, obviously. Everyone has their own risk tolerance levels and not everyone's circumstances may be similar. However, there is always the darned if you do, darned if you don't scenario to consider. If your favorite restaurant gets cited by the health department for health code violations, and you and everyone else decide to stop going there for a while, then you run the risk of that place going out of business. On the other hand, if you do decide to risk it and keep eating there without knowing whether or not the problems have been resolved yet, then you may end up getting sick or worse.

Anyone knows or has a solid idea why the December is such a bad month for all prop firms ? How about the other months ? What kind of market is good / bad for prop ?

Is someone had issues with TFF ? Since 2 weeks, it's very difficult to close a position. It takes generally between 15 and 60 seconds with an amazing slippage and the trade always closes unfavorably