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  • #26,741
  • Edited 9:40am Nov 29, 2023 9:23am | Edited 9:40am
Quoting Trader191
{quote} its no scam, its like a casino. in not the smallest intention social prop are there to help trader, to make traders better or to let traders win (maybe 20 % of the incoming fee money they allow to give out to winners) .... the main goal is to make players believe they can win with higher Chance then in real trading, that they are real money manager (many like call this by only manage demo account with paper money, you will often see this crazy people in youtube), make marketing like there are very big money to win and to make people addicted...
and some of us (1-2%) have figured out ho to use this "game" to our advantadge. Failure rate is the same with personal accounts at traditional brokers. So, actually, a wanna be trader is going to risk far less purchasing a $500 challenge vs. depositing 10K in a personal account, when you take into account 95%+ are going to lose either way.
I understand you are completely against this model and I understand your points. However, it is still an excellent way of increasing your funding on a personal account by 15-20 fold IF DONE CORRECTLY. Once again, the issue being , 1 in 100 are doing it correctly. Who do we blame for that? the firm? that would be like blaming the broker when one blows up their personal account.
Just like anything in life, if one doesn't understand the game, they shouldn't be playing it.
  • #26,742
  • Nov 29, 2023 9:24am Nov 29, 2023 9:24am
Quoting Capablanca
We've been talking a lot about Apex here but no one, at least that I remember, received any payout. Would be nice if the first contestant could share when he/she received it and how did it go. Thanks.
I got close with my 1st 6 accounts... within $200 of payout threshold and then the market had other plans for me lol.
  • #26,743
  • Edited 9:40am Nov 29, 2023 9:26am | Edited 9:40am
Quoting pipmaster77
{quote} and some of us (1-2%) have figured out ho to use this "game" to our advantadge. Failure rate is the same with personal accounts at traditional brokers. So, actually, a wanna be trader is going to risk far less purchasing a $500 challenge vs. depositing 10K in a personal account, when you take into account 95%+ are going to lose either way. I understand you are completely against this model and I understand your points. However, it is still an excellent wait of increasing your funding on a personal account by 15-20 fold IF DONE CORRECTLY....
until you are still the small fish and dont win to big it is fine, for rest you are used for marketing or pushed out. never different, just business in casino like constructed games.

i am not against this model, its for fun and not trading, same like casino (i would not play but some like it for fun or addiction). prop are one of the reason why many stay unsuccessful (because many dont check that its different to real trading ... most are not on this level like you to see it and attend, i hope my english is correct in this fact : i mean by this you know what you do and how you risk real trading habits for extra money), the money of the people there was never to get for other people anyway because they would with big chance be b-book broker user when would not use prop, so inside this circle the money dont get to real market and so just other style of trading game. so the money of this people would near always be away from the market and just wasted to some companies outside the interbank market place.

for failure rate i cant say anything about brokers, numbers are useless you see in studies and online. total without full information's and impossible to calculate with this wrong numbers. if you invest long term in stocks and indices it needs no skill, only some basic Knowledge only about economy and markets and get rich in many years is easy. but many want it fast, so gets difficult of course. and the only good way to get poor is often to try to get rich fast.
  • #26,744
  • Nov 29, 2023 10:36am Nov 29, 2023 10:36am
Quoting Capablanca
We've been talking a lot about Apex here but no one, at least that I remember, received any payout. Would be nice if the first contestant could share when he/she received it and how did it go. Thanks.
Soon…
Trade with confidence, trade without fear.
  • #26,745
  • Nov 29, 2023 10:54am Nov 29, 2023 10:54am
Quoting AaronPriest
Come up with your own strategy and code your own EA (or hire a programmer), or trade manually.
Yes agree. I am actually in a challenge already, using a free EA. Will see how that goes. I’ve tried a challenge back in 2021 and failed due to the profit limits weren’t reached in time. Now that the time limits are gone, maybe I have a chance.

Free Trial Accounts: Yes will use a demo account instead and link it to MyFxBook to get detailed metrics.

Trade well
  • #26,746
  • Nov 29, 2023 10:56am Nov 29, 2023 10:56am
Quoting fxguru2010
NOVA FUNDING I successfully passed my $200,000 challenge and was given credentials for a live account. I started setting up my MT4. and was looking to start trading on monday. as they require 21 days wait for a payout wait since the first trade, so I took a tiny 0.05 trade to get the ball rolling and was intending to close it immediately as that would count as day 1 After taking the trade I tried to close and the MT4 did not allow me to close it, which then resulted in having this tiny position over the weekend (which is not allowed) I emailed support...
23% 1-star reviews on Distrust Pilot. It's not like you should be surprised.
Pride always comes before destruction.... -Proverbs 16:18
  • #26,747
  • Nov 29, 2023 12:03pm Nov 29, 2023 12:03pm
Quoting Expo33
{quote} 23% 1-star reviews on Distrust Pilot. It's not like you should be surprised.
My mind is still blown every day....we still have 5%ers, FTMO, both been around since 2016, if you do not like them, there are a host of others that have been around and paying for 2+ years........NOPE, I'm going to go with Nova, Lark, Maven and Bespoke........sometimes folks just deserve what they get.
  • #26,748
  • Nov 29, 2023 12:33pm Nov 29, 2023 12:33pm
Quoting CableJ
{quote} It's all smoke and mirrors.... The heavy discount on initial fee just brings them in line with the FX side total cost wise, but it's a great marketing gimmick they can utilize throughout the year to attract a lot of attention.
True. However, you are paying a fraction of the cost for eval. The monthly or lifetime fee is once you have passed. At that point though, if you paid $17 with discount and $140 for lifetime fee, $157 for 2500 max loss is right in line with the forex props, actually far worse though, as the $2500 is trailing with the futures firms.
  • #26,749
  • Nov 29, 2023 12:39pm Nov 29, 2023 12:39pm
Quoting pipmaster77
{quote} My mind is still blown every day....we still have 5%ers, FTMO, both been around since 2016, if you do not like them, there are a host of others that have been around and paying for 2+ years........NOPE, I'm going to go with Nova, Lark, Maven and Bespoke........sometimes folks just deserve what they get.
Baffling, right? You wanna save a few hundred bucks on challenges, or actually get f’n paid??
A snails pace wins the race :-)
  • #26,750
  • Nov 29, 2023 12:42pm Nov 29, 2023 12:42pm
Quoting pipmaster77
{quote} True. However, you are paying a fraction of the cost for eval. The monthly or lifetime fee is once you have passed. At that point though, if you paid $17 with discount and $140 for lifetime fee, $157 for 2500 max loss is right in line with the forex props, actually far worse though, as the $2500 is trailing with the futures firms.
That trailing turns to static once funded (on Apex). As long as you keep your balance above that $2500.
Trade with confidence, trade without fear.
  • #26,751
  • Nov 29, 2023 12:48pm Nov 29, 2023 12:48pm
Quoting Cryptosurf
{quote} That trailing turns to static once funded (on Apex). As long as you keep your balance above that $2500.
Yep, but at that time the whole DD is based in your profits (2500)

Trailing DD is a completely different animal.
  • #26,752
  • Nov 29, 2023 1:18pm Nov 29, 2023 1:18pm
Quoting Cryptosurf
{quote} That trailing turns to static once funded (on Apex). As long as you keep your balance above that $2500.
True, and just withdrawal based on what you wish the DD to be. If you withdrawal the max 2K when you hit the $52,600, you'll only have $500 DD avaialable, as it becomes static at $50,100. So if you wish to withdrawal 2K AND keep DD at $2,500, you really need $4,600 in profit.
  • #26,753
  • Nov 29, 2023 1:25pm Nov 29, 2023 1:25pm
Quoting pipmaster77
{quote} True, and just withdrawal based on what you wish the DD to be. If you withdrawal the max 2K when you hit the $52,600, you'll only have $500 DD avaialable, as it becomes static at $50,100. So if you wish to withdrawal 2K AND keep DD at $2,500, you really need $4,600 in profit.
Basically and then you need repeat that for 90 days before profit cap is lifted.

It’s not going to be an easy feat for most. I’m thinking that 90/90/90 concept will wash out most.
Trade with confidence, trade without fear.
  • #26,754
  • Nov 29, 2023 2:12pm Nov 29, 2023 2:12pm
@ Apex I'm basically scalping to minimize the trailing DD (5 straight losses to bust during eval, 15 straight losses to bust live). Once past the payout threshold when the trailing stops, I will go back to my normal trading style with higher R:R.
  • #26,755
  • Nov 29, 2023 2:48pm Nov 29, 2023 2:48pm
Quoting Cryptosurf
{quote} Basically and then you need repeat that for 90 days before profit cap is lifted. It’s not going to be an easy feat for most. I’m thinking that 90/90/90 concept will wash out most.
On the top of that they have the 30% in one day consistency and the 20% flipping days. It's tough.
The guy from the 1M had the first payout denied because of that. He did not match the 30% rule. He had to go on until those days >30% became <30%.
  • #26,756
  • Nov 29, 2023 4:12pm Nov 29, 2023 4:12pm
Quoting fxguru2010
NOVA FUNDING I successfully passed my $200,000 challenge and was given credentials for a live account. I started setting up my MT4. and was looking to start trading on monday. as they require 21 days wait for a payout wait since the first trade, so I took a tiny 0.05 trade to get the ball rolling and was intending to close it immediately as that would count as day 1 After contact taking the trade I tried to close and the MT4 did not allow me to close it, which then resulted in having this tiny position over the weekend (which is not allowed) I emailed...
contact @TraderNOK on X and @TraderBach I know they’ve helped traders with issues pertaining to Prop firms. I would also make sure you have screenshots of your conversation with your firms, support.
  • #26,757
  • Nov 29, 2023 7:08pm Nov 29, 2023 7:08pm
Quoting pipmaster77
{quote} My mind is still blown every day....we still have 5%ers, FTMO, both been around since 2016, if you do not like them, there are a host of others that have been around and paying for 2+ years........NOPE, I'm going to go with Nova, Lark, Maven and Bespoke........sometimes folks just deserve what they get.
Well said.
  • #26,758
  • Nov 29, 2023 7:17pm Nov 29, 2023 7:17pm
Quoting Cryptosurf
{quote} Basically and then you need repeat that for 90 days before profit cap is lifted. It’s not going to be an easy feat for most. I’m thinking that 90/90/90 concept will wash out most.
It amazes me how people are comfortable keeping 50K to 150K profits in the account (Though Apex forces for first 3 months) but how it is possible to make 1 million without gambling in just 3-4 months. Out of which I assume 1-2 month is spent on going beyond trailing threshold. So technically they are doing only in 1-2 months.
  • #26,759
  • Nov 29, 2023 8:13pm Nov 29, 2023 8:13pm
Alright people update time received 4k + 125% challenge fees from skilled funded trader …. They are legit. Crypto withdrawal close to 32 hours…..

so i have officially recovered all the money spent on challenges ever + 1k more… tonight going to buy 600k worth of more challenges when i get home:..
PLANNING TO get 200k more skilled funded trader as their running promotion is too sweet, 400k myflashfunding as they have a running 25% off + 5%(after i lost funded account with them) in total 30%….

i would have purchased alpha capital coz they have 41% running discount but they dont have a crypto withdrawal i checked they added rise but i am not a fan of it yet
Extreme gut feeling trader
  • #26,760
  • Nov 29, 2023 8:14pm Nov 29, 2023 8:14pm
Quoting sampat
{quote} It amazes me how people are comfortable keeping 50K to 150K profits in the account (Though Apex forces for first 3 months) but how it is possible to make 1 million without gambling in just 3-4 months. Out of which I assume 1-2 month is spent on going beyond trailing threshold. So technically they are doing only in 1-2 months.
If you understand the game, then you know how to play it. You’re not forced to keep profits in the account. Sure you’re capped on withdrawals for the first three months. So don't trade over the cap for the first three months. After that then cap is lifted. That’s the game.

Let’s be realistic, no one fresh out the gate is going to reach million dollar withdrawal in a few months. But many will dream to. That dream is going to take some years to become reality.
Trade with confidence, trade without fear.
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