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  • #23,681
  • Oct 6, 2023 11:21am Oct 6, 2023 11:21am
Quoting Takisd
{quote} postponed from receiver side.
Wait... I thought all parties had to agree and MFF would not agree
  • #23,682
  • Oct 6, 2023 11:22am Oct 6, 2023 11:22am
Quoting CableJ
{quote} Wait... I thought all parties had to agree and MFF would not agree
Yes but the request was from the receiver. More time is always better for defense, from my understanding its 18 months preparation vs 1 month preparation so having extra time is always better.

That being said, the state of the prop firm market right now leaves little to be desired.
  • #23,683
  • Edited 11:42am Oct 6, 2023 11:29am | Edited 11:42am
Sep web traffic numbers are in, looks like FTMO, Funded Next (WTF), 5%ers & TFF were the winners of the MFF fallout...

Attached Image (click to enlarge)
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Bespoke posting on social that they just made a 6 figure payout...
  • #23,684
  • Oct 6, 2023 11:30am Oct 6, 2023 11:30am
Quoting CableJ
Sep web traffic numbers are in, looks like FTMO, Funded Next (WTF), 5%ers & TFF were the winners of the MFF fallout... {image} Bespoke posting on social that they just made a 6 figure payout...
Probably due to NONE of them being in North America.
  • #23,685
  • Oct 6, 2023 11:36am Oct 6, 2023 11:36am
Quoting CableJ
Sep web traffic numbers are in, looks like FTMO, Funded Next (WTF), 5%ers & TFF were the winners of the MFF fallout... {image} Bespoke posting on social that they just made a 6 figure payout...
FXIFY is a big surprise to me with their 40% loss in traffic but it explains their recent payout issues

Could you possibly add The Trading Pit as well?
Money is made by sitting, not trading
  • #23,686
  • Oct 6, 2023 11:45am Oct 6, 2023 11:45am
Quoting Vitore
{quote} FXIFY is a big surprise to me with their 40% loss in traffic but it explains their recent payout issues Could you possibly add The Trading Pit as well?
I was also surprised by FXIFY... I wonder what the hell happened over there. I will add Trading Pit and repost later
  • #23,687
  • Oct 6, 2023 12:01pm Oct 6, 2023 12:01pm
Quoting pipmaster77
{quote} Probably due to NONE of them being in North America.
TFT already had razor thin margins and now they are in contraction... and look at that... we start seeing payment issues with them. I don't see how the other US props survive another 2 months of this... and that is probably part of the CFTC's plan.
  • #23,688
  • Oct 6, 2023 12:04pm Oct 6, 2023 12:04pm
Quoting Vitore
Glow Node has this in their rules (which says it all):

We don’t require you to use the same trading style and strategy all the time.
However you are required to trade in the same way you have in your challenge on the live account.
  • #23,689
  • Oct 6, 2023 12:08pm Oct 6, 2023 12:08pm
Quoting CableJ
Sep web traffic numbers are in, looks like FTMO, Funded Next (WTF), 5%ers & TFF were the winners of the MFF fallout... {image} Bespoke posting on social that they just made a 6 figure payout...
With increased traffic, shouldn't TFF get more customers and they wouldn't have all those issues people mentioned (e.g. trade execution delay, sending emails to people and terminating accounts cuz of "violation of rule 3.4.1" etc)? I am a bit confused...TFF was on my list but then I got cold feet cuz of what happened recently...
memento mori
  • #23,690
  • Oct 6, 2023 12:15pm Oct 6, 2023 12:15pm
Quoting CableJ
I was also surprised by FXIFY... I wonder what the hell happened over there.
-It can be difficult to discern using solely traffic metrics. Some companies may dump money into ad campaigns and may not always be consistent with it.
  • #23,691
  • Oct 6, 2023 12:17pm Oct 6, 2023 12:17pm
Quoting Tovip
{quote} With increased traffic, shouldn't TFF get more customers and they wouldn't have all those issues people mentioned (e.g. trade execution delay, sending emails to people and terminating accounts cuz of "violation of rule 3.4.1" etc)? I am a bit confused...TFF was on my list but then I got cold feet cuz of what happened recently...
TFF has always been a problem with >4 figure payouts. They also had a major server issue & made their traders eat the losses from their error. I have 200K in funding there, but the heads of the company are clearly not the most trustworthy individuals.
  • #23,692
  • Oct 6, 2023 12:17pm Oct 6, 2023 12:17pm
Quoting CableJ
{quote} TFT already had razor thin margins and now they are in contraction... and look at that... we start seeing payment issues with them. I don't see how the other US props survive another 2 months of this... and that is probably part of the CFTC's plan.
Sure is.....they only needed one firm and a payment gateway.........DONE.
  • #23,693
  • Edited 12:29pm Oct 6, 2023 12:18pm | Edited 12:29pm
Quoting Nsak3y
{quote}-It can be difficult to discern using solely traffic metrics. Some companies may dump money into ad campaigns and may not always be consistent with it.
Yes that is true, but a non US prop with that kind of drop after the MFF shutdown is still very surprising to me.
  • #23,694
  • Oct 6, 2023 12:45pm Oct 6, 2023 12:45pm
Quoting CableJ
Yes that is true, but a non US prop with that kind of falloff after MFF is still very surprising to me.
-Yes. Ideally, we would see publicly-disclosed earnings statements, but since these firms are not publicly traded companies, then there is no obligation to do that. It would probably be a double-edged sword even if they did.

Ever since the CFTC issued the freeze order against MFF, many CEO's have made public statements ensuring that all is good even though it has been revealed that some have expressed uncertainty and nervousness behind closed doors.

I am personally unconcerned, but it is interesting to follow.
  • #23,695
  • Oct 6, 2023 12:47pm Oct 6, 2023 12:47pm
Quoting CableJ
Sep web traffic numbers are in, looks like FTMO, Funded Next (WTF), 5%ers & TFF were the winners of the MFF fallout... {image} Bespoke posting on social that they just made a 6 figure payout...
Fundednext and TFT both caught botting the traffic as well. 5000% rise in serbia (TFT) nice... More pakistani and serbian traffic than US.
  • #23,696
  • Oct 6, 2023 1:06pm Oct 6, 2023 1:06pm
Quoting Capablanca
{quote} Uptade: 1. 5ers was already received (took 1 week) 2. Alpha I'm not sure if I received it (it's a strange situation because I see the credit in Wise but the balance is not updating with that ammount; I contacted Wise to know what's going on - any of you experienced something similar ?) 3. FXIFY. No news and account still blocked. They are a complete mess right now and support is basically brainless people like robots, always replying that I will have an answer in 24 to 48 hours.
Update 2:
- Alpha paid to Wise but for some reason Wise declined and returned the money. Now I asked to another bank. Let's see. All indications I have is that Alpha is indeed paying and paying fast, the problem was in Wise.

- FXIFY requested a payout on Monday, filled in the form on Tuesday, contacted support by email and chat 3 or 4 times during the week. Nothing received so far. They keep answering that I will be paid in a couple of hours or that I will have an answer in 24 to 48 hours.
Their support is just people answering like bots not solving anything. The matter is then escalated to some kind of black hole and disappears forever until my next interaction. And the account is obviously frozen. Great disappointment. I really thought they were something new.

- In the meantime I requested today a payout for E8. I have already received one in Plane so all should be faster now. This will be the real test to E8 after the initial mess with Plane. Let's see.
  • #23,697
  • Oct 6, 2023 1:08pm Oct 6, 2023 1:08pm
Quoting CableJ
{quote} I was also surprised by FXIFY... I wonder what the hell happened over there. I will add Trading Pit and repost later
I noticed that FXIFY was very active in Telegram groups when they started but now they basically almost never show up. Those groups have 200K each and I believe it's a reasonable source of traffic for props.
  • #23,698
  • Oct 6, 2023 1:09pm Oct 6, 2023 1:09pm
Quoting Vitore
{quote} Glow Node has this in their rules (which says it all): {quote}
And also this, which are unclear concepts:

Trading Restrictions
The following trading styles are not allowed:
a. High-Frequency Trading (HFT) or High-Volume Scalping.
b. Arbitrage Trading that exploits any form of latency.
c. Martingale Trading / Grid Trading (except for adding to an existing position).
d. Hedging across multiple accounts or reverse trading, Including reverse trading across firms.
e. Copy Trading across multiple accounts.
f. All-or-Nothing Trading, where you can lose the account in one trade
g. Any trading style that we deem too risky will result in a retake.
  • #23,699
  • Oct 6, 2023 1:31pm Oct 6, 2023 1:31pm
Quoting Capablanca
{quote} Update 2: - Alpha paid to Wise but for some reason Wise declined and returned the money. Now I asked to another bank. Let's see. All indications I have is that Alpha is indeed paying and paying fast, the problem was in Wise. - FXIFY requested a payout on Monday, filled in the form on Tuesday, contacted support by email and chat 3 or 4 times during the week. Nothing received so far. They keep answering that I will be paid in a couple of hours or that I will have an answer in 24 to 48 hours. Their support is just people answering like bots...
May I ask...while you are trading with alpha, how strict is their martingale rule? I always think of martingale as opening a second or even third trade with similar lot size, so I just assume my trading style will not be allowed in their program. I just looked at their website again, and apparently while they forbid martingale, they allow people to keep opening new trades (for more than once) on the same currency pair as long as the lot size never exceeds the previous lot size. Has this been the case for you?

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memento mori
  • #23,700
  • Oct 6, 2023 1:38pm Oct 6, 2023 1:38pm
Quoting Capablanca
{quote} Update 2: - - In the meantime I requested today a payout for E8. I have already received one in Plane so all should be faster now. This will be the real test to E8 after the initial mess with Plane. Let's see.
I had good 2nd experience with E8. Last Friday requested payout. Payout confirmed, contract recieved funds requested and payment recieved in bank account all on the Monday.

TFF . Monday payout requested confirmed and paid by bank transfer same day.

TFT - Requested Friday - confirmed Saturday recieved crypto Wednesday.
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