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  • #28,661
  • Jan 26, 2024 1:12am Jan 26, 2024 1:12am
Quoting HengkiTjen
{quote} 40% ? That's insane, the rules What is Alpha Capital Group's Policy Against Gambling in Trading? what is that mean ?
There's no definition, except for martingale that is explained:
https://help.alphacapitalgroup.uk/en...ngale-strategy
  • #28,662
  • Jan 26, 2024 1:25am Jan 26, 2024 1:25am
Quoting Capablanca
{quote} There's no definition, except for martingale that is explained: https://help.alphacapitalgroup.uk/en...ngale-strategy
The rule against gambling would be probably the max lot rule on the funded accounts. Example for 50k account you can have MAX 20 lots open at any given moment, they said in the discord that thanks to this rules they won't be negating anybody's payout as they made sure that mathematically they can pay out such ammount. But if you go above that, then it's a hard breach, even if it was on accident.
  • #28,663
  • Jan 26, 2024 1:55am Jan 26, 2024 1:55am
Quoting Capablanca
{quote} There's no definition, except for martingale that is explained: https://help.alphacapitalgroup.uk/en...ngale-strategy
could be some rules can again us later on
  • #28,664
  • Jan 26, 2024 1:56am Jan 26, 2024 1:56am
Quoting montygoldy
{quote} alpha is decent i have purchased before but failed same in decemeber with 40% code
i see no commission
how is the spread ?
  • #28,665
  • Jan 26, 2024 2:07am Jan 26, 2024 2:07am
Quoting HengkiTjen
{quote} i see no commission how is the spread ?
No commissions but spreads are not tight.
For example right now, 8 am London time, 0.7 in EURUSD and 0.8 in GBPUSD.
Executions are good without any relevant slippage
  • #28,666
  • Jan 26, 2024 2:08am Jan 26, 2024 2:08am
Quoting Tobiazzek
{quote} The rule against gambling would be probably the max lot rule on the funded accounts. Example for 50k account you can have MAX 20 lots open at any given moment, they said in the discord that thanks to this rules they won't be negating anybody's payout as they made sure that mathematically they can pay out such ammount. But if you go above that, then it's a hard breach, even if it was on accident.
Well pointed. I never remember that rule because I usually don't go above 5 lots
  • #28,667
  • Jan 26, 2024 2:18am Jan 26, 2024 2:18am
Quoting Capablanca
{quote} No commissions but spreads are not tight. For example right now, 8 am London time, 0.7 in EURUSD and 0.8 in GBPUSD. Executions are good without any relevant slippage
maybe i am confusing isn’t it recently they have started offering commissions account??
Extreme gut feeling trader
  • #28,668
  • Jan 26, 2024 2:23am Jan 26, 2024 2:23am
Quoting montygoldy
{quote} maybe i am confusing isn’t it recently they have started offering commissions account??
I'm with them for about 6 or 7 months and they already had zero commissions since my beginning. Spreads were a bit better then, though. Executions always good so far.
  • #28,669
  • Jan 26, 2024 2:51am Jan 26, 2024 2:51am
Here is a question whilst I continue trying to help a friend. Has anyone using prop firms (since its prop firm hub) traded with DXTrade or tradelocker? If so, what is their experience. Are there any interesting things of note?

Anyone with an institutional experience, I am very curious what their risk off ramp looks like, if you have any information.
  • #28,670
  • Jan 26, 2024 3:35am Jan 26, 2024 3:35am
Quoting Takisd
Here is a question whilst I continue trying to help a friend. Has anyone using prop firms (since its prop firm hub) traded with DXTrade or tradelocker? If so, what is their experience. Are there any interesting things of note? Anyone with an institutional experience, I am very curious what their risk off ramp looks like, if you have any information.
I thought you always have insider's information regarding all these shits. So i guessed the answer should be they are equally shits
  • #28,671
  • Jan 26, 2024 3:41am Jan 26, 2024 3:41am
Quoting montygoldy
Anyone interested alpha has 40% running promo till this weekend code is DI6C0RD. Specifically its a ZERO not aphabet O. Just bought myself one
What is the exact valid time of this promo?
  • #28,672
  • Jan 26, 2024 3:43am Jan 26, 2024 3:43am
Quoting ladder
{quote} What is the exact valid time of this promo?
i think till this weekend
Extreme gut feeling trader
  • #28,673
  • Jan 26, 2024 3:46am Jan 26, 2024 3:46am
Just secured 200k with myflashfunding … total funding reached 600k…

not the prettiest graph.. was making higher highs lol.. after every win setback
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Extreme gut feeling trader
  • #28,674
  • Jan 26, 2024 4:23am Jan 26, 2024 4:23am
Quoting mixedbags
{quote} I thought you always have insider's information regarding all these shits. So i guessed the answer should be they are equally shits
Well, I don't know anyone at either of these companies. On the internet I see a lot of complaining and hatred to them but I figured the folks in here might have more detail to that argument.

From my understanding, although its not going off of much, DXTrade has an engine for offramp that is from an old crypto open source platform thats been re-buffed and is workable but slow. Tradelocker doesnt appear to have any engine and is essentially just a picture with a price on it and no available off ramp and has a basic SQL for data management, a "made in china" platform for lack of a better description.

I have not used either platform nor do I want to buy an account just to try it, so I asked.
  • #28,675
  • Jan 26, 2024 5:32am Jan 26, 2024 5:32am
Quoting Takisd
{quote} Just file with the CFTC and FTC a complaint. There are piles of them about TFT lately exactly the same as yours. Also be sure to let the authorities in the UAE know.

Lol!! Suddenly he's an enthusiast of regulators.


Quoting Tobiazzek
Damn it's not looking good for US people.

This is what very gradually but almost universally happens, when industries persistently fail to regulate themselves adequately in the face of steadily increasing public (and therefore political) demand for them to do so: the external regulators inevitably imposed on them, against their wishes, are really bad, inappropriate, officious, unsuitable ones, who are then widely blamed for everything, and sometimes even accused themselves of dishonesty and corruption, by many of the industry’s worst informed and least understanding customers.

Those who learn nothing from history are condemned to repeat it.
  • #28,676
  • Jan 26, 2024 5:45am Jan 26, 2024 5:45am
Quoting KarlKraus
{quote} Lol!! Suddenly he's an enthusiast of regulators. {quote} This is what very gradually but almost universally happens, when industries persistently fail to regulate themselves adequately in the face of steadily increasing public (and therefore political) demand for them to do so: the external regulators inevitably imposed on them, against their wishes, are really bad, inappropriate, officious, unsuitable ones, who are then widely blamed for everything, and sometimes even accused themselves of dishonesty and corruption, by many of...
Look with the underfed, diseased, homeless cat dragged in.
  • #28,677
  • Jan 26, 2024 6:12am Jan 26, 2024 6:12am
Quoting procrude
{quote} I am currently in a challenge with FTMO and they told me these regulations do not apply to me since my challenge was purchased before Jan 2024. I guess I will keep moving forward on my Challenge. I am out of Texas.
If you pass, be very protective of that account... considering the normal prop churn =35-40% accounts blown once live to 1st payout and 35-40% blown after every additional payout... FTMO might have <10 US traders by May.
  • #28,678
  • Jan 26, 2024 6:12am Jan 26, 2024 6:12am
Quoting montygoldy
Just secured 200k with myflashfunding … total funding reached 600k… not the prettiest graph.. was making higher highs lol.. after every win setback {image} {image}
Wow!!! that's nice to hear Monty.
For Holding 600k with them then it seems they are at least reliable and you trust them, am i right?
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #28,679
  • Edited 6:41am Jan 26, 2024 6:17am | Edited 6:41am
Quoting ladder
{quote} I bet the customers' complaints against Angelo and his firms (TFT and others) are at least 100 times, probably 1000 times, the complaints against MFF. But CFTC shut down MFF and have not taken any action against Angelo to 'protect' us. Why? Is it because MFF has more cash that CFTC can get into its pocket?
I actually think it's because when the CFTC started down this rabbit hole 2 years ago... the largest players were FTMO, Funding Talent & MFF. FTMO was outside their jurisdiction, Funding Talent self imploded... so that left MFF as the lone big fish for the CFTC to target.
  • #28,680
  • Jan 26, 2024 6:20am Jan 26, 2024 6:20am
Quoting Rado-FX
Hello Guys, I got terminated by The Funded Trader a couple of days ago for no reason. Tried to clarify with them but they just stopped communicating. 0 prior warnings, I had 375 k funded account and another 300k. Lately, I was on the roll scalping the GU rising channel making $2-5k per day and I guess it was too much for them. I described my experience a little bit in Trustpilot https://www.trustpilot.com/users/65b...2a4c00128c3695 If you guys have a similar experience, It might be good to reply on Twitter to try to get some friction....
Update on my post:
Their reply to Trustpilot reply is probably just a crafter template response they use so it would look like they care. They were asking me to reply in Trustpilot (with further replies disabled though, so that's not possible.
I emailed them with the link reference and my account logins, but no response. To be honest I did not expect another answer. On the original email thread in which they terminated my accounts, they sent one more email with a vague answer. Over the days, I sent 3 more replies to them wanting an explanation and reassessment, or at least just the payment of the final profits at which the accounts ended, but they have ignored me ever since.

Their first email in full:

Dear Trader,


I hope this email finds you well. We regret to inform you that, after a thorough review of your trading activities, we have observed behavior that goes against our established trading policies.


Upon analysis of your trading history, we have identified several patterns indicative of prohibited trading strategies that compromise the integrity of our simulated environment. It is crucial for all participants to adhere to fair and ethical trading practices, and deviations from these principles are taken seriously.


As a result, we must reject your payout request and take the necessary action of banning your account.


It's important to note that the data produced in your simulated environment is not representative of real-world market conditions, and as such, it is not usable or applicable to our firm's actual trading strategies. The purpose of our simulated environment is to provide a controlled setting for traders to practice and refine their skills within the boundaries of our established policies.


Please refer to The Funded Trader FAQs for further information regarding prohibited trading strategies which violate the terms of use: https://help.thefundedtraderprogram....d-terms-of-use


Sincerely,

Risk

The Funded Trader


second reply in full:

Hello,


As indicated in our earlier email, the data generated from your virtual accounts is deemed unsuitable and inapplicable for our firm. Consequently, in alignment with the terms of service and the funded trader agreement you have signed, we regret to inform you that we have terminated your access to our platform, and all associated contracts have been decommissioned.

Please review the closing remarks of the following article which elaborates extensively on the rationale behind the closure of your profile with us and termination of any relevant contracts.

Unfortunately, we will be unable to provide our services to you moving forward and this decision will not be reversed.


Regards,

Risk

The Funded Trader


Posting a few screenshots of one of the accounts with the dashboard. I was trading manually and taking essentially the same trades on the other account, also manually
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