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Anyone trading with a Prop firm 31 replies

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  • #27,941
  • Jan 9, 2024 12:36pm Jan 9, 2024 12:36pm
Quoting navk
{quote} when I shall get my money, fee refund and ofcourse my 200k funded account ? Not clear.
Okay this is funny and cool why how I wish I have such capital but anyway this is for me kind of not impossible
  • #27,942
  • Jan 9, 2024 1:17pm Jan 9, 2024 1:17pm
Quoting Capablanca
{quote} Ahh, Ok, but that's the normal trailing DD mechanics. I still consider that a trailing DD because until achieving 50K Apex has some risk. From the moment we achieve the 50K 100% of the allowed DD are just our profits and not Apex money.
If you understand the game, then you know how to play it. People get tripped up trying to pound a square peg into a round hole.
Trade with confidence, trade without fear.
  • #27,943
  • Jan 9, 2024 1:28pm Jan 9, 2024 1:28pm
Quoting Cryptosurf
{quote} What competition? APEX is dominating futures prop space.
Since I am new to futures trading, do you use topstep? is Apex better than topstep?
  • #27,944
  • Jan 9, 2024 1:35pm Jan 9, 2024 1:35pm
Futures props. Don't they charge monthly fees as opposed to one off payments for forex props ?
every Saint has a past. Every Sinner has a Future
  • #27,945
  • Jan 9, 2024 1:38pm Jan 9, 2024 1:38pm
Quoting Boulder
{quote} Since I am new to futures trading, do you use topstep? is Apex better than topstep?
Either one is fine, but I prefer Apex for a strategic reason. Risk is spread across 20 accounts with a relatively cheap investment to start.

https://support.apextraderfunding.co...lowed-to-have-

But you have to be the type with a strategic mind set to benefit from it.
Trade with confidence, trade without fear.
  • #27,946
  • Jan 9, 2024 1:39pm Jan 9, 2024 1:39pm
Quoting turnip15
Futures props. Don't they charge monthly fees as opposed to one off payments for forex props ?
Some do, some don’t. Apex has the option of a one time (10 years) fee.
Trade with confidence, trade without fear.
  • #27,947
  • Jan 9, 2024 3:05pm Jan 9, 2024 3:05pm
The intraday trailing @ Apex is very annoying but I've used a couple strategies to make it not that big of a deal. The 1st way was to use a 1:1 RR tighter stop system with a TP (exiting all wins @ peak equity) and no break evens (either win or loss only), that seemed to completely nullify the effect of the intraday trailing.

I've recently scrapped the above and reverted back to the same way I trade on the FX side with one difference. I adjust risk per trade to the intra trailing as needed. If my initial risk is set to allow 10 straight losses to bust and I have a breakeven which moved up the trailing, I adjust the risk down so that I still have a 10 straight loss buffer. If I have a win but the peak equity on the move was higher than my actual exit which moved up the trailing, I would adjust the risk down so I now have an 11 straight loss buffer ect. So far, this has worked really well for me @ Apex.
  • #27,948
  • Jan 9, 2024 3:24pm Jan 9, 2024 3:24pm
Probably how more people should be trading anyways. But instead, traders often try to recover from losses as quickly as possible because of the pain element. Hard to overcome that psychology for most. With discipline, a greater tolerance for pain can be acquired.
  • #27,949
  • Jan 9, 2024 4:07pm Jan 9, 2024 4:07pm
Quoting Nsak3y
Probably how more people should be trading anyways. But instead, traders often try to recover from losses as quickly as possible because of the pain element. Hard to overcome that psychology for most. With discipline, a greater tolerance for pain can be acquired.
I find a great way to overcome is to look at equity curve on your live accounts, challenges you've passed, etc in the dash. There are always dips and the best way to recover is to wait for the setups that make your system a winner in the first place. Take the loss on the risk you accepted in the first place and wait for your next setup.......YOU DO NOT NEED TO RECOVER TODAY or TOMORROW or EVEN THIS WEEK. No equity curve goes straight up.
  • #27,950
  • Jan 9, 2024 4:12pm Jan 9, 2024 4:12pm
MFFX static offer is only available from dashboard when you login. The other offer Uprofit is not good because you pay activation fee. I now see mistake instead micro contract they writed "20 macros " )
Edit I looked at MFFX discord announcement and it says "stay above 28.500 to make withdrawal" which might mean there is no safety buffer.
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  • #27,951
  • Jan 9, 2024 4:14pm Jan 9, 2024 4:14pm
FTMO just banned US citizens:

USA update – January 2024:
Since the establishment of our company, our goal has been to provide top-quality services for our clients. Unfortunately, at present, we are not able to do that in the United States due to specific conditions in the market segment there. Therefore, we have decided to suspend the purchase of the FTMO Challenge for our new and existing US clients (nationals), just as we put a hold on onboarding new US clients. At the same time, we are looking for ways to make FTMO available again to all those interested in trading in the USA. Our existing clients can continue to use the services as normal. Nothing changes for clients, partners and those interested in our services in other markets, as the problem only concerns the specifics of our operations in the US market. Our goal remains that FTMO brings value to everyone interested in trading, taking them at least a step further.
https://ftmo.com/en/faq/who-can-join-ftmo/
  • #27,952
  • Jan 9, 2024 4:34pm Jan 9, 2024 4:34pm
Quoting youngD
MFFX static offer is only available from dashboard when you login. The other offer Uprofit is not good because you pay activation fee. I now see mistake instead micro contract they writed "20 macros " ) Edit I looked at MFFX discord announcement and it says "stay above 28.500 to make withdrawal" which might mean there is no safety buffer. {image}
This is MFFU , not MFFX.

First Future account with static DD (account 30 K)
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  • #27,953
  • Jan 9, 2024 5:13pm Jan 9, 2024 5:13pm
Quoting AaronPriest
FTMO just banned US citizens: USA update – January 2024: Since the establishment of our company, our goal has been to provide top-quality services for our clients. Unfortunately, at present, we are not able to do that in the United States due to specific conditions in the market segment there. Therefore, we have decided to suspend the purchase of the FTMO Challenge for our new and existing US clients (nationals), just as we put a hold on onboarding new US clients. At the same time, we are looking for ways to make FTMO available again to all those...
Always going to happen.
Simulated in house trading.
Money stops at the PropFirm.
  • #27,954
  • Jan 9, 2024 5:14pm Jan 9, 2024 5:14pm
Quoting AaronPriest
FTMO just banned US citizens: USA update – January 2024: Since the establishment of our company, our goal has been to provide top-quality services for our clients. Unfortunately, at present, we are not able to do that in the United States due to specific conditions in the market segment there. Therefore, we have decided to suspend the purchase of the FTMO Challenge for our new and existing US clients (nationals), just as we put a hold on onboarding new US clients. At the same time, we are looking for ways to make FTMO available again to all those...
Writing was on the wall when MFF got stung.
Trade with confidence, trade without fear.
  • #27,955
  • Jan 9, 2024 5:18pm Jan 9, 2024 5:18pm
Quoting AaronPriest
FTMO just banned US citizens: USA update – January 2024: Since the establishment of our company, our goal has been to provide top-quality services for our clients. Unfortunately, at present, we are not able to do that in the United States due to specific conditions in the market segment there. Therefore, we have decided to suspend the purchase of the FTMO Challenge for our new and existing US clients (nationals), just as we put a hold on onboarding new US clients. At the same time, we are looking for ways to make FTMO available again to all those...
Can we all now see how the CFTC does their thing? The two largest and best firms......neither available to US traders. Don't worry that "exisiting" clients are OK.......that'll last a couple of months.
  • #27,956
  • Edited 5:33pm Jan 9, 2024 5:19pm | Edited 5:33pm
Quoting Cryptosurf
{quote} Writing was on the wall when MFF got stung.
I'm already maxed out @ FTMO but that stinks. It's like the offshore brokers banning new US clients all over again.
  • #27,957
  • Jan 9, 2024 5:23pm Jan 9, 2024 5:23pm
Do you non US citizens now understand why the members on here from the US can't stand and don't trust US regulators?
  • #27,958
  • Jan 9, 2024 5:31pm Jan 9, 2024 5:31pm
Quoting CableJ
{quote} I'm already maxed out @ FTMO but that sticks. It's like the offshore brokers banning new US clients all over again.
Discord is in full panic mode, understandably. FTMO mod is saying that existing client's are safe. We all know eventually that will not be the case.
Trade with confidence, trade without fear.
  • #27,959
  • Jan 9, 2024 5:39pm Jan 9, 2024 5:39pm
welp.... FTMO has all of the sudden been doing discounts the past few months and they were just forced to ban 30% of the prop purchasing market... that is not good for their bottom line. FTMO is also banking and located in the EU. FTMO, their vendors and payment processors can be easily reached by the same CFTC extraterritorial court orders that shut down MFF.
  • #27,960
  • Jan 9, 2024 5:45pm Jan 9, 2024 5:45pm
time for me to learn this futures thing I guess, as prop firms are going the way of the Dodo bird around here.

apex, I’ve heard the most.

Pip, if you read this - didn’t you say you used mt5 for trading futures??…
A snails pace wins the race :-)
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