Prop Firm Hub | Page 1232 | 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

  • #24,621
  • Oct 24, 2023 2:38pm Oct 24, 2023 2:38pm
Quoting TrAndy1
Do you have the same kind of strange (?) feelings ? I made about €100k this year from my hedge fund account and prop firms, but I still feel poor. I spent around 25k and 45k is for taxes reserved, so I saved now 30k. Maybe it is the normal quite low spending here in Germany, why I do not feel overwhelming. Also a 30k deposit account looks not too great. Still not much money. Is there anything I am wrongfeeling about here ? Opinions ? My goal was to make 200k this year with my current 800k funded account which I suddenly lost at Bespoke, unexpected....
Last year was very good for me... my tax bill on the other hand living in the US in New York City was beyond outlandish, damn near 50% out the window. I had to shed a tear writing that check in April lol
  • #24,622
  • Oct 24, 2023 2:50pm Oct 24, 2023 2:50pm
Quoting TrAndy1
I only can warn you against 5ers. If regulators step in you need to pay back all your gains and you get your challenge fees also back. Everything is set to ZERO when they come. It is simply not allowed to take any real money as trader without having a license. Either you as trader needs a financial advisor license or the prop firm needs to be licensed. WITHOUT a license it is just big crime and nothing else.
Your comment is only about the fivers, or for all prop firms?
  • #24,623
  • Oct 24, 2023 3:00pm Oct 24, 2023 3:00pm
Quoting CableJ
{quote} Last year was very good for me... my tax bill on the other hand living in the US in New York City was beyond outlandish, damn near 50% out the window. I had to shed a tear writing that check in April lol
You need to get out of NYC.....for many reasons.
  • #24,624
  • Oct 24, 2023 3:05pm Oct 24, 2023 3:05pm
Just passed 5%ers stage 1 on that 4pm spike on NAS....already have stage 2 credentials.....impressive.
  • #24,625
  • Oct 24, 2023 3:11pm Oct 24, 2023 3:11pm
I have added funded engineer to my list of "ok maybe" firms. I just wished the ceo controlled his social media a bit better.
  • #24,626
  • Oct 24, 2023 3:17pm Oct 24, 2023 3:17pm
Quoting Takisd
I have added funded engineer to my list of "ok maybe" firms. I just wished the ceo controlled his social media a bit better.
What brings you to the conclusion of an ok maybe?
  • #24,627
  • Oct 24, 2023 3:19pm Oct 24, 2023 3:19pm
Quoting Nic2020
{quote} Your comment is only about the fivers, or for all prop firms?
only 5ers and only because of the recent youtube video of the CEO explaining how they do it.
  • #24,628
  • Oct 24, 2023 3:19pm Oct 24, 2023 3:19pm
Quoting pipmaster77
{quote} What brings you to the conclusion of an ok maybe?
some communications with them, few complaints. I say ok maybe because they are still fpfx and still third party broker.
  • #24,629
  • Oct 24, 2023 3:22pm Oct 24, 2023 3:22pm
Quoting Takisd
I have added funded engineer to my list of "ok maybe" firms. I just wished the ceo controlled his social media a bit better.
What is your full list of ok or ok maybe firms... ?
  • #24,630
  • Oct 24, 2023 3:24pm Oct 24, 2023 3:24pm
Quoting TrAndy1
{quote} What is your full list of ok or ok maybe firms... ?
right now its FTMO 5ers fundedengineer.

Watching fundingpips add slippage and then get beaten up has been quite fun

I have been very busy with a non fx project lately so havent kept up to date much.
  • #24,631
  • Oct 24, 2023 4:03pm Oct 24, 2023 4:03pm
Anyone, is there a reason FE only offer promo codes for challenges up to 300k but they offer challenges up to 500k. So for those bigger challenges no discounts... ?
  • #24,632
  • Oct 24, 2023 5:26pm Oct 24, 2023 5:26pm
Quoting TrAndy1
Anyone, is there a reason FE only offer promo codes for challenges up to 300k but they offer challenges up to 500k. So for those bigger challenges no discounts... ?
IMO, in the current environment, I wouldn't spend more than $500-600 with ANY FIRM. Buy your $100K, pass, earn 3-4% on funded and USE THEIR MONEY via your profit split for the bigger challenge. It is more time consuming, but you are truly only risking $500.....you pass 2 challenges 1*100K and 1*500K, you are funded $600K with initial risk $500. With most of these firms, using your score, once you are buying 100K, there really is no additional "value" purchasing anything larger anyway.
  • #24,633
  • Oct 24, 2023 6:01pm Oct 24, 2023 6:01pm
Completely agree. I have come full circle and only have 5ers and FTMO now. Havent had any payout issues or problems and just have found them the "least worst" of a pretty sorry bunch.
  • #24,634
  • Oct 24, 2023 6:05pm Oct 24, 2023 6:05pm
Quoting TrAndy1
{quote} Do you know how much this trader made on all payouts as sum together before he got banned ? Just to get an impression if it is that >50k in payouts formula for them.
I remember your first payout from Bespoke took more than a few days to get approved. They prob would have already found an excuse to kick you out back then, if they didn't see your posts on this thread. I doubt there are many people who got 800K funded account with them. It wouldn't be that hard to guess who you are from their end.
memento mori
  • #24,635
  • Oct 24, 2023 6:11pm Oct 24, 2023 6:11pm
Quoting Capablanca
{image}
wow...they just keep kicking people out...
memento mori
  • #24,636
  • Oct 24, 2023 6:14pm Oct 24, 2023 6:14pm
Quoting TrAndy1
Would you prefer buying $400k challenges on TFF or FXIFY ? Why or why not ? Who is better, TrueForexFunds or FXIFY and why do you think so ?
FXIFY has a very attractive scaling plan. I don't remember the exact figure but it's almost too good to be true. You can kinda double your figure within a year if you meet the target. They didn't put it up on their FAQ but if you ask their live chat, they would tell you.
memento mori
  • #24,637
  • Oct 24, 2023 6:40pm Oct 24, 2023 6:40pm
hi guys,

Anybody has mt5 EA, all close EA ?

Can you share ?

THanks.
Intraday only.
  • #24,638
  • Edited 7:06pm Oct 24, 2023 6:54pm | Edited 7:06pm
Quoting navk
hi guys, Anybody has mt5 EA, all close EA ? Can you share ? THanks.
-You can test it out.

EDIT: This will not close pending orders, but I can set it up for that, if needed.

Attached File(s)
File Type: ex5 CLOSE ALL.ex5   21 KB | 207 downloads
  • #24,639
  • Oct 24, 2023 7:10pm Oct 24, 2023 7:10pm
Quoting Nsak3y
{quote}-You can test it out. EDIT: This will not close pending orders, but I can set it up for that, if needed. {file}
Thanks, i will test this.
Intraday only.
  • #24,640
  • Oct 24, 2023 7:23pm Oct 24, 2023 7:23pm
I have 1 funded account
And one challenge with funded engineer pretty good so far payout and spread but I only trade Forex
91 traders viewing now