Prop Firm Hub | Page 1233 | 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

  • #24,641
  • Edited 11:29pm Oct 24, 2023 11:09pm | Edited 11:29pm
Quoting Tovip
{quote} 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.
Scaling plans with these smaller props are pretty much a marketing gimmick and completely irrelevant. >100K in funding will become increasingly more problematic trying to get >4 figure payouts. Scaling to lower the overall risk w/ more DD buffer is no problem, however if you want to actually use that additional capital to trade more size to make more money, there will most likely be future problems. The money is 100% coming from failed challenges... the higher the % of the total pot of cash that your potential withdrawal will be, the more danger that payout is in of not being paid.
  • #24,642
  • Oct 25, 2023 1:08am Oct 25, 2023 1:08am
Quoting Takisd
{quote} some communications with them, few complaints. I say ok maybe because they are still fpfx and still third party broker.
They have restrictive IP rules. A few different IPs and they consider you using account management service and deny your payment. Confirmed with their security dpt.
Money is made by sitting, not trading
  • #24,643
  • Edited 6:44am Oct 25, 2023 5:46am | Edited 6:44am
Quoting Vitore
{quote} They have restrictive IP rules. A few different IPs and they consider you using account management service and deny your payment. Confirmed with their security dpt.
So those rules have MFFX, FE, BG, FN. Just as a warning. Usually it is possible on different IPs to identify whether it is you that traded or somewhere else. Maybe they could check hardware configuration or MAC address if a different PC is involved or not. This is just bad excuse for having bad stuff on IT Tech expertise.
  • #24,644
  • Oct 25, 2023 7:37am Oct 25, 2023 7:37am
Remember that CFTC has to be renewed by congress every 5 years.

Good to write down your experiences and contact your congressman, to make an judgement wether they help or limit traders.
You have an IQ lower than 90 if you interact with this user.
  • #24,645
  • Edited 9:26am Oct 25, 2023 8:13am | Edited 9:26am
Anyone having good or bad experience with E8Funding ? They are in the US based so do not know whether it is worth or not. But from all US props they look best or ?
Their new extended offer with a 10% discount which is available everywhere makes it really attractive for the $250k challenge. Their score is exceptional good at 6.1 !
  • #24,646
  • Oct 25, 2023 9:28am Oct 25, 2023 9:28am
Just as comparison the actual 25% discount with "CTRADER25" promo code for ACG makes it really attractive. The score goes up here to 5.8 which is excellent good !
  • #24,647
  • Oct 25, 2023 9:31am Oct 25, 2023 9:31am
Another comparison the actual promo code of "SOCIAL20" at FXIFY makes their offer really attractive. Their score goes up to nearly 5 for the $400k, which is very good!
  • #24,648
  • Oct 25, 2023 9:34am Oct 25, 2023 9:34am
FTMO score is best at 3.1 for the $200k challenge offer. Now you can compare all the other offers. A score at ~6 is nearly as double as good in value than FTMO offer.
  • #24,649
  • Oct 25, 2023 9:42am Oct 25, 2023 9:42am
Btw only FTMO can be trusted and have a track record of 100% with bigger payouts out of those. I am on a same boat like you. Currently only have a 100k funded from bespoke. Also practising 200k accounts on FTMO. By this end of the week, i am going to buy 2x200k max on FTM0. Then next on the list is FundedEngineer, FundingTraders, ACG, MFFx and E8 for 200k accounts.
Extreme gut feeling trader
  • #24,650
  • Oct 25, 2023 9:46am Oct 25, 2023 9:46am
Quoting TrAndy1
Just as comparison the actual 25% discount with "CTRADER25" promo code for ACG makes it really attractive. The score goes up here to 5.8 which is excellent good !

The fact that they run their business exactly the same way as MyForexFunds (effectively owning their own brokerage, in other words being the direct counterparty to all the customers' trades) doesn't ring any alarm bells at all for you, then? Ok ...
  • #24,651
  • Edited 11:11am Oct 25, 2023 10:23am | Edited 11:11am
Quoting TrAndy1
FTMO score is best at 3.1 for the $200k challenge offer. Now you can compare all the other offers. A score at ~6 is nearly as double as good in value than FTMO offer.
Does your score takes into account if the fee is refunded or not , does it take into account reputation and probability of payout ?

Looks like it doesn't , otherwise FTMO would have a score of 98/100...

EVERYTHING STARTS WITH CERTAINTY OF PAYOUTS and then you can start looking at all the rest , % of split, drawdown ,reliability of platform, fee ,spreads ,commission's...etc

If you reach the moment where you get your fee refunded, it does not matter anymore if you paid a small fee or a big one, from then on you have a free ride
  • #24,652
  • Oct 25, 2023 10:30am Oct 25, 2023 10:30am
Quoting KarlKraus
{quote} The fact that they run their business exactly the same way as MyForexFunds (effectively owning their own brokerage, in other words being the direct counterparty to all the customers' trades) doesn't ring any alarm bells at all for you, then? Ok ...
Have you seen the video that was posted here with the FTMO CEO and a Ctrader representative ?

The Ctrader guy said they are VERY selective on who they onboard so that is only a reason more to put faith in ACG.
  • #24,653
  • Oct 25, 2023 10:55am Oct 25, 2023 10:55am
Quoting Stoneyrocks
{quote} Have you seen the video that was posted here with the FTMO CEO and a Ctrader representative ? The Ctrader guy said they are VERY selective on who they onboard so that is only a reason more to put faith in ACG.
Don't forget ACG does not have the cTrader yet. They're only promising it. Others were promising cTrader as well and yet only FTMO really has it
Money is made by sitting, not trading
  • #24,654
  • Edited 11:18am Oct 25, 2023 10:59am | Edited 11:18am
Quoting Vitore
{quote} Don't forget ACG does not have the cTrader yet. They're only promising it. Others were promising cTrader as well and yet only FTMO really has it
Not offering Ctrader but approved
They posted a new announcement on 21 October, you would expect it should be for this year.
Maybe Ctrader being selective is the reason why it took so long.

https://twitter.com/AlphaCapitalUK/s...54161943904672
  • #24,655
  • Edited 11:37am Oct 25, 2023 11:07am | Edited 11:37am
Quoting Stoneyrocks
{quote} They posted a new announcement on 21 October, you would expect it should be for this year. https://twitter.com/AlphaCapitalUK/s...54161943904672
It doesn't really mean anything. Believe or not they keep promising it since the beginning of 2022. First they wanted it towards the end of 2022, so a whole year ago. Now they keep promising it again. Btw. MFF was promising cTrader for over 2 years and never implemented it

EDIT - just to explain my pessimism. If they just started the partnership with Spotware (cTrader is the product, they can hardly partner with it) and are apparently not even able to state the correct name of the company they partner with then I have some doubts they would be ready to offer the platform this year.
Money is made by sitting, not trading
  • #24,656
  • Oct 25, 2023 12:04pm Oct 25, 2023 12:04pm
Quoting Vitore
{quote} It doesn't really mean anything. Believe or not they keep promising it since the beginning of 2022. First they wanted it towards the end of 2022, so a whole year ago. Now they keep promising it again. Btw. MFF was promising cTrader for over 2 years and never implemented it EDIT - just to explain my pessimism. If they just started the partnership with Spotware (cTrader is the product, they can hardly partner with it) and are apparently not even able to state the correct name of the company they partner with then I have some doubts they would...
Now I am becoming a sceptic too..
  • #24,657
  • Oct 25, 2023 12:21pm Oct 25, 2023 12:21pm
Quoting TrAndy1
Anyone having good or bad experience with E8Funding ? They are in the US based so do not know whether it is worth or not. But from all US props they look best or ? Their new extended offer with a 10% discount which is available everywhere makes it really attractive for the $250k challenge. Their score is exceptional good at 6.1 !
just today received a email from them. They are also offering 15% discount as well
Attached Image (click to enlarge)
Click to Enlarge Name: 520C3FDD-75F1-459E-802C-4F70293F6A88.png Size: 95 KB
Extreme gut feeling trader
  • #24,658
  • Oct 25, 2023 12:38pm Oct 25, 2023 12:38pm
Quoting montygoldy
Btw only FTMO can be trusted and have a track record of 100% with bigger payouts out of those. I am on a same boat like you. Currently only have a 100k funded from bespoke. Also practising 200k accounts on FTMO. By this end of the week, i am going to buy 2x200k max on FTM0. Then next on the list is FundedEngineer, FundingTraders, ACG, MFFx and E8 for 200k accounts.
Did you look at Maven, My FlashFunding and Funding Pips..
  • #24,659
  • Oct 25, 2023 12:54pm Oct 25, 2023 12:54pm
Quoting TrAndy1
Anyone having good or bad experience with E8Funding ? They are in the US based so do not know whether it is worth or not. But from all US props they look best or ? Their new extended offer with a 10% discount which is available everywhere makes it really attractive for the $250k challenge. Their score is exceptional good at 6.1 !
I'm still funded with them.
Not very tight spreads and execution is not the best I saw, despite I use low lots (only forex, about 5 lots or so)
They are using Plane to pay since Deel problems. It took one week to receive the money (from the request date), so not great (despite that they unfroze the account in the same day of the request so we can resume trading while we are waiting for the payout).
I saw this week that they are promising fast payouts in one day from now on. Don't know if that's true.
  • #24,660
  • Oct 25, 2023 1:49pm Oct 25, 2023 1:49pm
Quoting Lrg
{quote} Did you look at Maven, My FlashFunding and Funding Pips..
Fundinpips is somewhat ok but they have a lot of rules even for withdrawing the fees as well. Myflashfunding and maven doesn't even look professional at all from their website (my personal opinion). I can start a website with a fancy name mean nothing.
Btw this is my excel sheet. Aim to get 3million worth of funding by June of next year. Starting with Ftmo 400k on monday
Attached File(s)
File Type: xlsx Prop Firms.xlsx   17 KB | 498 downloads
Extreme gut feeling trader
69 traders viewing now