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  • #24,921
  • Oct 29, 2023 9:09am Oct 29, 2023 9:09am
Quoting AaronPriest
Personally, I don't care about a "video interview", I just think it's silly and foolish. Either you broke the rules or you didn't. They can analyze the trades and see if they are copies of other traders, or if the risk management is not adequate for them. I don't get the point of an interview to explain your trading strategy, what was the most difficult part of passing, psychoanalysis and psychology, none of this is a job interview because none of this is a real market to begin with. And, some won't be comfortable with it, or English won't be their...
I mean on one way the CTI interview could be less stressful because you can say anything just blabla and bluepausefillers to get the time passed away. But then you can get paranoid of being published everywhere and also some security concerns when your face is everywhere to be seen. On the other hand, at 5ers it could be worse if you need to explain your strategy in detail so that they understood what you are doing and maybe then can replicate it too. This is just giving away your edge like sending them your source code of your EA but here for the whole strategy in words instead of any code. Hard to decide which is worse, but for both I would hate to do.
  • #24,922
  • Oct 29, 2023 9:22am Oct 29, 2023 9:22am
Quoting TrAndy1
{quote} I compared the best places around. Marina Gate Tower to Ajman Corniche Tower. Both have the best standards, highest luxury you can buy in this region each. I would spend 250k AED in Marina while having same size and Corniche Market and Road at the Tower in Ajman for 65k AED per year. What would you say here ? Also I would only work at home. Then go to beach and eat multinational at Corniche Market same I could do at Marina. I do not need to travel every day to Downtown Dubai. Maybe twice a week to do some shopping and look around. That way...
dubai is secure normally at near any place (but quality of security service inside your tower can be very different, depends on the quality of the people , how strict are rules... many different parts).
but i dont know this corniche tower and could not find any reviews in google maps about, so cant say anything about. marina gate tower is ok, good view , i dont know how loud is sound/noice there in different flats at the moment (because of contruction work around), good pool, and good maintenance.

best is always to test it for 1 month and then decide. after 1 month you should know if its good or bad place. the quality in Marina gate should be much better, but maybe i am wrong because i dont know corniche tower.
  • #24,923
  • Oct 29, 2023 9:31am Oct 29, 2023 9:31am
Quoting AaronPriest
Personally, I don't care about a "video interview", I just think it's silly and foolish. Either you broke the rules or you didn't. They can analyze the trades and see if they are copies of other traders, or if the risk management is not adequate for them. I don't get the point of an interview to explain your trading strategy, what was the most difficult part of passing, psychoanalysis and psychology, none of this is a job interview because none of this is a real market to begin with. And, some won't be comfortable with it, or English won't be their...
same they have rules, when you give a negative review on any rating sites like trustpilot and so on, your account gets deleted. thats the only reasons why a lot of prop have still good ratings in average (of course additional fake ratings to hold average rating high are there included )

thats in general a total red flag for a company.
  • #24,924
  • Oct 29, 2023 9:34am Oct 29, 2023 9:34am
Quoting TrAndy1
{quote} Here you can compare the two. Then please tell me how do you like the Corniche area in Ajman (near the beach) ? https://www.bayut.com/buildings/ajma...he-residences/ https://www.bayut.com/to-rent/apartm...orniche-tower/ https://www.bayut.com/buildings/corniche-tower-ajman/
Sorry for the question but are you considering moving to Dubai for taxes optimization?
Don't give up on your dreams. Keep sleeping.
  • #24,925
  • Oct 29, 2023 9:35am Oct 29, 2023 9:35am
Quoting Artcool
{quote} Sorry for the question but are you considering moving to Dubai for taxes optimization?
Yep. But not too soon. But not only for the taxes but also for the weather and sea/beach access and also for better entertainment too.
  • #24,926
  • Oct 29, 2023 9:35am Oct 29, 2023 9:35am
Quoting TrAndy1
{quote} Here you can compare the two. Then please tell me how do you like the Corniche area in Ajman (near the beach) ? https://www.bayut.com/buildings/ajma...he-residences/ https://www.bayut.com/to-rent/apartm...orniche-tower/ https://www.bayut.com/buildings/corniche-tower-ajman/
would say same like about trading. with 1 rating in corniche tower (your last link) i dont know anything about corniche tower, so i would test it by myself and not trust before this (same like never ever trust any trader without see his real account and has big amounts inside and done trading over many years and thousands of trades - before its waste of time to say anything about this trader performance).
  • #24,927
  • Oct 29, 2023 10:09am Oct 29, 2023 10:09am
Quoting AaronPriest
{quote} The5ers updated their Terms and Conditions and added a new Interview Video Request section that was not there before. This means only FTMO is left as a reputable firm (5+yrs) without any silly rules sadly. CTI and The5ers are slowly crumbling. "Interview Video Request The Fund reserves the right to request an interview session at any time during the term of the program with a designated risk manager from The5ers Fund. The purpose of this interview is to ensure the authenticity of the client’s strategy and behavior in accordance with the...
The only good point of 5ers vs CTI is that in 5ers seems more like when they suspect of anything.
Ot at least that's what I hope. I already scaled once and about to be scaled again and they never asked me anything.
I guess they also have some "artists". Not sure if this story from 5er risk manager is true but I would not be surprised.
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  • #24,928
  • Oct 29, 2023 11:21am Oct 29, 2023 11:21am
Quoting Capablanca
{quote} The only good point of 5ers vs CTI is that in 5ers seems more like when they suspect of anything. Ot at least that's what I hope. I already scaled once and about to be scaled again and they never asked me anything. I guess they also have some "artists". Not sure if this story from 5er risk manager is true but I would not be surprised. {image}
Might be as well that they are preparing their followers to be on their side when they start throwing out successful traders for cheating
Don't give up on your dreams. Keep sleeping.
  • #24,929
  • Oct 29, 2023 11:31am Oct 29, 2023 11:31am
Anyone should be very wary of anyone using a company called west water associates for any technology, pricing or whatever. This is just bespoke in a pink tutu making outrageous loudmouth claims offering an OOTB fpfx competitor, only that we know they are frauds as they are bespoke.

Glonode has a similar solution, also complete bullshit. Maven use this.
  • #24,930
  • Oct 29, 2023 12:01pm Oct 29, 2023 12:01pm
Quoting Capablanca
{quote} The only good point of 5ers vs CTI is that in 5ers seems more like when they suspect of anything. Ot at least that's what I hope. I already scaled once and about to be scaled again and they never asked me anything. I guess they also have some "artists". Not sure if this story from 5er risk manager is true but I would not be surprised. {image}
I am not sure if this Interview actually happened.

The customer ( user ) will not ask what is mt5
Intraday only.
  • #24,931
  • Oct 29, 2023 12:21pm Oct 29, 2023 12:21pm
Alright people just purchased 3 x 200k 2 step challenges.

1. Blue Guardian - 710$
2. ACG - 697$
3. Skilled Funded - 734$

Went for the cheapest best deals.

Lest's see how it goes.

Btw only have 1 funded account Bespoke(100k) which is unfortunately .5% negative.
Extreme gut feeling trader
  • #24,932
  • Oct 29, 2023 12:21pm Oct 29, 2023 12:21pm
Quoting Capablanca
{quote} I'm funded with CTI (no payout received yet) but something I didn't like is that on KYC we need to fill in a form saying what our strategy and risk is, what was more difficult, etc. That's fine for me. But we also have to send a short video talking about the experience with CTI. I could not find anywhere in conditions that we would be obliged to do that to get the funded account (and there is no way to send the form without the video). Even worse, we need to tick the authorization box A and/or B to either authorize that video to be used...
If the requirement isn't in their TOS, I'm curious what support would say if you asked them if they have the option to complete the KYC without doing a video/interview.
Pride always comes before destruction.... -Proverbs 16:18
  • #24,933
  • Oct 29, 2023 1:39pm Oct 29, 2023 1:39pm
Sent a message to CTI asking about the interview/video requirement. Curious what their response will be.

Also, was perusing their TOS and saw this:
Attached Image (click to enlarge)
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I guess they truly do want "consistent" traders.

If I can't YOLO then CTI won't get a penny from me. Sorry CTI but.........
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #24,934
  • Oct 29, 2023 1:49pm Oct 29, 2023 1:49pm
Quoting TrAndy1
{quote} I mean on one way the CTI interview could be less stressful because you can say anything just blabla and bluepausefillers to get the time passed away. But then you can get paranoid of being published everywhere and also some security concerns when your face is everywhere to be seen. On the other hand, at 5ers it could be worse if you need to explain your strategy in detail so that they understood what you are doing and maybe then can replicate it too. This is just giving away your edge like sending them your source code of your EA but here...
yea exactly, I can see myself only telling my strategy if I just succeeded with this in a few months and didn't have a superior system, but I'd rather quit a program than have to tell my secret sauce. that's crazy. They already have all the statistics they need like %win, risk/reward, whatever from your demo trading, but they can't reverse engineer it, that's why they need an interview--- like how Rome was able to reverse engineer Carthaginian ships to use to their own advantage. We as traders are like Carthage. Only we know how to trade and make money but we can't get capital without going through these elite who want our secrets, better to quit than tell these scum.
  • #24,935
  • Oct 29, 2023 3:34pm Oct 29, 2023 3:34pm
Quoting Capablanca
on KYC ... we also have to send a short video ... (and there is no way to send the form without the video). Even worse, we need to tick the authorization box A and/or B to either authorize that video to be used in social media and/or be available to book an interview. Without ticking one of those boxes we can't progress in the KYC process and receive the funded account.
-Screw that.

Honestly, I see no reason to pursue funding with any new firm right now. Trading preexisting accounts is fine. Maybe buying challenges through FTMO if you have the cash to blow. But most offerings that are available right now are garbage and/or high-risk.

Maybe ask yourself this question... based on the offerings that are currently available, which firm(s) would I like to see still operating once the dust settles? If you cannot name any, then don't trade with prop right now. If you can name a firm, then by all means, keep giving them your business, but do so with the understanding that they could be gone tomorrow.

There is no reason to keep giving these garbage firms your business. Let them sink. Or, at least demand that they change their terms/offering and refuse to do business with them until they comply. Do not settle, is my point; have some self-respect and do not give in to greed.
  • #24,936
  • Oct 29, 2023 3:40pm Oct 29, 2023 3:40pm
For the video, I'd rather pay a homeless guy or hire an actor on Fiverr to pretend he is me, than taking the risk to see my face all over the Internet forever.
Don't give up on your dreams. Keep sleeping.
  • #24,937
  • Oct 29, 2023 3:41pm Oct 29, 2023 3:41pm
Quoting Artcool
For the video, I'd rather pay a homeless guy or hire an actor on Fiverr to pretend he is me, than taking the risk to see my face all over the Internet forever.
Aha, they have your ID and passport. So you need to find also a double who is looking exactly like you and in addition who is also an actor. Too difficult.
  • #24,938
  • Oct 29, 2023 3:48pm Oct 29, 2023 3:48pm
Quoting navk
{quote} I am not sure if this Interview actually happened. The customer ( user ) will not ask what is mt5
They may ask if they were not the ones trading the account....Not defending props but there are plenty of people that just give their names for the accounts, in exchange for a cut from the profits pool, without even having a clue of what a lot is.
  • #24,939
  • Oct 29, 2023 3:51pm Oct 29, 2023 3:51pm
Quoting Capablanca
{quote} They may ask if they were not the ones trading the account....Not defending props but there are plenty of people that just give their names for the accounts, in exchange for a cut from the profits pool, without even having a clue of what a lot is.
Where do you know this ? ...-> because it puts the whole IP address thematic in a totally different light. So the props were right then when people "sold" their account.
  • #24,940
  • Oct 29, 2023 3:52pm Oct 29, 2023 3:52pm
Quoting Nsak3y
{quote}-Screw that. Honestly, I see no reason to pursue funding with any new firm right now. Trading preexisting accounts is fine. Maybe buying challenges through FTMO if you have the cash to blow. But most offerings that are available right now are garbage and/or high-risk. Maybe ask yourself this question... based on the offerings that are currently available, which firm(s) would I like to see still operating once the dust settles? If you cannot name any, then don't trade with prop right now. If you can name a firm, then by all means, keep giving...
I agree. And for CTI there is a way of screwing them with the video thing but I won't go in details about that. People should just use their imagination.

I'll try to milk something from them and never come back, of course.
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