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  • #23,501
  • Oct 2, 2023 8:03pm Oct 2, 2023 8:03pm
Quoting forexbali
https://docs.google.com/spreadsheets...it?usp=sharing I'm updating my sheet, I eliminated all the phase 1 and Instant Fundings, only phase 2 so. FXIFY: is there a merge rule? or you can't merge? I read that leverage is only 1:10 for indices. Is this for you normal, or too low? {image}
Yes, FXIFY and Bespoke are both 1:10 for indices. GlowNode and GOAT as well. Main reason I decided not to use them.
  • #23,502
  • Oct 3, 2023 12:32am Oct 3, 2023 12:32am
Quoting Artcool
{quote} Yes we were used to see such big payouts from MFF, FTMO...that now I got a doubt about them. I was surprised by this tweet from Khaled (fundingpips) (or maybe they are still new) : {image}
Dirty marketing tricks in actions I see. No serious prop firm would even get the thought to do it like that. Then the question is. Is it even real and did that person give proof he even got paid by them. We got tons of testimonies rarely whining about payouts about MFF and FTMO. So if that prop firm got tons of whining people about no payouts, then this is a very desperate move to trick new poor indian people to buy their plans for the few coins they saved.
Busy vaccum cleaning the few indians left and their coins. Maybe a better term for that marketing method would be the indian coin vaccum cleaner marketing method.
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  • #23,503
  • Oct 3, 2023 2:21am Oct 3, 2023 2:21am
Quoting Artcool
{quote} Yes we were used to see such big payouts from MFF, FTMO...that now I got a doubt about them. I was surprised by this tweet from Khaled (fundingpips) (or maybe they are still new) : {image}
Its because all these firms people are hyped about have rules that are built to make people fail or have less profit. stoploss rules, risk management rules etc.
  • #23,504
  • Oct 3, 2023 2:50am Oct 3, 2023 2:50am
How about the other prop firms (without any VIP features which comes later), do they have anytime payout after 14 days too ? Like Bespoke. Afer 14 days you placed your first trade on your funded account you can request payout anytime, so after 18 or 19 days for example. There is no strict 14 days payout cycle, which I find pretty good at Bespoke.
  • #23,505
  • Oct 3, 2023 2:59am Oct 3, 2023 2:59am
Quoting TrAndy1
How about the other prop firms (without any VIP features which comes later), do they have anytime payout after 14 days too ? Like Bespoke. Afer 14 days you placed your first trade on your funded account you can request payout anytime, so after 18 or 19 days for example. There is no strict 14 days payout cycle, which I find pretty good at Bespoke.
There are more companies working like that.
Out of my head: TFT, 5ers, E8, FXIFY, MFFx
It's not a problem if we miss the 14 day. We can request as soon as we want after the 14th.

Alpha is strict. If you miss the payout date you have to wait for the next one.

It's weird but I can't remember how TFF works on that.
  • #23,506
  • Oct 3, 2023 3:22am Oct 3, 2023 3:22am
Quoting Capablanca
{quote} There are more companies working like that. Out of my head: TFT, 5ers, E8, FXIFY, MFFx It's not a problem if we miss the 14 day. We can request as soon as we want after the 14th. Alpha is strict. If you miss the payout date you have to wait for the next one. It's weird but I can't remember how TFF works on that.
These are all good developments for the trader since this year 2023. Because in 2022 I can remember there was no such rule, and usually payouts after 30 days and also no unlimited time feature. Only very few props had different better rules. This changed a lot since this year. So competition is good for us, as invisible hand from Adams Smith, who said when 2 competitors dispute each other the third hand, the consumer, has its advantage out of it. Very good developments, which I like a lot!
  • #23,507
  • Oct 3, 2023 6:25am Oct 3, 2023 6:25am
Maybe it was already discussed and I missed it, but what do you think about APEX? They are having 90% off at the moment.
  • #23,508
  • Edited 6:58am Oct 3, 2023 6:33am | Edited 6:58am
Quoting fx_rookie
Maybe it was already discussed and I missed it, but what do you think about APEX? They are having 90% off at the moment.
They have a high cost when you get funded as you pay for professional data. Second they have a trailing stop which makes it a lot more difficult and thus also worse.
The score is around 6, which is good. But the live trailing stop is a killer. There are far better options out there, if you are looking for a prop firm. Do not join APEX.
  • #23,509
  • Oct 3, 2023 7:06am Oct 3, 2023 7:06am
Regarding the issue with TFF, I'm not alone to have this problem. Today on their Discord : (Quote from some users)

1° " It’s not slippage. It’s delayed order executions. You can see it when you close your position and it takes 5 - 10 seconds to execute. You are placed in a queue and your order is executed based on your position in the queue. TFF needs to upgrade their infrastructure to support all the orders. My personal live account does not experience these “real market conditions”… "

2° " That's right. Totally agree. You've said 5-10 sec. Yesterday my delays were about 30-40sec. They need to do something about it. "

Answer from the moderator :

3° " We understand your concern regarding delayed order executions. We are actively working on upgrading our infrastructure to accommodate the increased order volume. Your feedback is invaluable, and we aim to provide you with a smoother trading experience, which doesn't encounter these delays. "

Finally, there is really a problem and it comes from TFF
  • #23,510
  • Oct 3, 2023 7:33am Oct 3, 2023 7:33am
Quoting Nehemah
Regarding the issue with TFF, I'm not alone to have this problem. Today on their Discord : (Quote from some users) 1° " It’s not slippage. It’s delayed order executions. You can see it when you close your position and it takes 5 - 10 seconds to execute. You are placed in a queue and your order is executed based on your position in the queue. TFF needs to upgrade their infrastructure to support all the orders. My personal live account does not experience these “real market conditions”… " 2° " That's right. Totally agree. You've said 5-10 sec. Yesterday...
TFF Score is also only 4.6, which is not great. They are okay for the score. But with the recent developments they have a huge red flag. Better not to join anymore.
  • #23,511
  • Oct 3, 2023 7:50am Oct 3, 2023 7:50am
Quoting TrAndy1
{quote} TFF Score is also only 4.6, which is not great. They are okay for the score. But with the recent developments they have a huge red flag. Better not to join anymore.
Do you know why they fell from 5 to 4.6 ?
  • #23,512
  • Oct 3, 2023 7:52am Oct 3, 2023 7:52am
FTMO spread right now on US500? in the trial is 70, quite large, anything better there in real?
in holiday till end of November
  • #23,513
  • Oct 3, 2023 8:00am Oct 3, 2023 8:00am
Quoting forexbali
FTMO spread right now on US500? in the trial is 70, quite large, anything better there in real?
On US indicies, spreads are at their best only after the 9:30 EST bell.
Trade with confidence, trade without fear.
  • #23,514
  • Oct 3, 2023 8:02am Oct 3, 2023 8:02am
Quoting Nehemah
{quote} Do you know why they fell from 5 to 4.6 ?
Maybe different discount offers. In the past there was at least a 10% discount offer, now it is max. 5% discount you can max. get here.
  • #23,515
  • Oct 3, 2023 9:09am Oct 3, 2023 9:09am
Quoting Nehemah
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
Today I had the same issue with them. Two open positions us500, 10 lots each, one was closing several minutes, the other did not close at all - the account was breached in the meantime. The similar positions, though a bit larger (15) closed instantly on FXIFY. Bot close orders sent from the same master account and copied via Duplikium - so it's not an issue of the desktop terminal. It's their server which denies to process the orders. TFF is apparently another one to avoid as of now
Money is made by sitting, not trading
  • #23,516
  • Oct 3, 2023 10:12am Oct 3, 2023 10:12am
Quoting Vitore
Today I had the same issue with them. ... TFF is apparently another one to avoid as of now
-It may be difficult to truly know how MFF's current situation is affecting this space in terms of new purchases without having some kind of inside connection to confirm. Perhaps using website traffic statistics can help to provide some insight on that.

I suspect that we may see more shady tactics being employed as these prop firms struggle with insolvency (or prepare to exit?). All the more reason to sit it out for the time being.
  • #23,517
  • Oct 3, 2023 10:19am Oct 3, 2023 10:19am
Quoting Nsak3y
{quote}-It may be difficult to truly know how MFF's current situation is affecting this space in terms of new purchases without having some kind of inside connection to confirm. Perhaps using website traffic statistics can help to provide some insight on that. I suspect that we may see more shady tactics being employed as these prop firms struggle with insolvency (or prepare to exit?). All the more reason to sit it out for the time being.
There is a lot of botted traffic right now from weird countries. But the market has shrunk about 50% by my estimation. It might return again in time but it looks like there is a lot of insolvency. Reserves are being used now to pay people.
  • #23,518
  • Edited 11:02am Oct 3, 2023 10:47am | Edited 11:02am
What if props decide they want to only keep those traders that are A book worthy?
I don't mean the fake A book but those traders whose signals are good enough to be used in the real market?
That way their main source of revenue would become the market and not challenge fees.
That should clear about 95% of the riffraff that includes the yolo 1-3 day challenge passing traders.
  • #23,519
  • Oct 3, 2023 11:04am Oct 3, 2023 11:04am
Quoting OutThere
What if props decide they want to only keep those traders that are A book worthy? I don't mean the fake A book but those traders whose signals are good enough to be used in the real market? That way their main source of revenue would become the market and not challenge fees. That should clear about 95% of the riffraff that includes the yolo 1-3 day challenge passing traders.
1. Its a riskier model..

2. Greed..
  • #23,520
  • Oct 3, 2023 11:14am Oct 3, 2023 11:14am
Quoting Thoughts
{quote}1. Its a riskier model.. 2. Greed..
3. the traders don't exist because market cycles generally kill retail traders.
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