Apparently FCFF after scamming everyone for a year, has started to send some payouts out. Some people reporting their 11 months old payout requests got paid the last few days.
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
DislikedApparently FCFF after scamming everyone for a year, has started to send some payouts out. Some people reporting their 11 months old payout requests got paid the last few days.Ignored
Disliked{quote} 2. They are allegedly soon to introduce copy trading, on You may be aware, now that Transak joined the party with allowing direct & seamless One-Click Crypto to FIAT to VISA/Mastercard, they've officially set the cat amongst the pigeons. When the news broke on Tuesday I signed up with Transak & tested the off-ramp. Suffice to say, it's nothing short of mind-blowing with how seamless it's execution is. Trusting the information may help to shed some light had you missed User Capablanca's intial post related thereto.Ignored
DislikedThe positive of that (recorded in blockchain) is that props can't fabricate big payouts because that has to be there. No fake things allowed.Ignored
DislikedYea but my concern is calculating actual P&L. For example if a trader have 12 different accounts. If 3 of them makes money and 4 of them are blown and 5 of them under water. How do you do book keeping like actual P&L.Ignored
DislikedSo by using Transak we can make crypto withdrawals directly from the prop firm to Transak to our local bank account in fiat currency.. What about the fees, are they low for small withdrawals from prop firms...thanks in advance.Ignored
Disliked{quote} Excel will do that. I have a column for each prop and enter lines for each purchased challenge (value paid) and payout/refund received. At the end of each column I have the P&L for each prop I have a second spreadsheet where I track the blown challenges per prop and date (if that was in phase1, phase 2 or funded)Ignored
Disliked{quote} fundednext is a bit on expensive side… like my planning is different i am going for average firms with cheapest challenges as it gives me more room to practise those challenges and gain experience and fix the mistakes i make… i am no prop firm champion but with more challenges i am fixing the mistakes in past … this is the statistics of 2023 last quarter when i started my prop firm journey i did 15 challenges and able to get 2 funded (eventually lost them without payout) and 6 reached phase 2…. this year i took 9 challenges so far got 4...Ignored
Disliked{quote} so all together you did make loss until now! because you did win less against what you need for pay your fix costs each month over last months? and same time lost time to invest in prop and could not work in this time , so lost this opportunity costs of many month work payment maybe of many thousands? so you hope in future you will not lose anymore and get the lost money back and get a winner on the end?Ignored
DislikedApparently FCFF after scamming everyone for a year, has started to send some payouts out. Some people reporting their 11 months old payout requests got paid the last few days.Ignored
DislikedBTW, good news and bad news. The good news is that FXIFY is still paying. I got the payout last week, took 24 hours and no need to cry over their support. It seems they are now tracking the google form when there is a resubmission (resubmission is when people received previous payouts and reused the same google form because the link is always the same). The bad news is that they don't pay attention when we enter a different crypto address. This is a recurrent problem in FXIFY. I tend to use a different (self) crypto address for each payout to avoid...Ignored
Disliked{quote}-Technically, they could still fake things by sending funds to their own wallets. It would actually probably make it easier to fake payouts.Ignored
Disliked{quote} Hello Capablanca; I trust you are well. Your Excel workbook reference is indeed a worthwhile suggestion for individuals who don't wish to purchase Out The Box Software such as some Traders have suggested. If I may enquire, does your Excel Workbook require manually updating the data into the respective worksheets or have you created hyperlinked and macro driven, Boolean logic-based formulas in order to ensure automated updating? Should you have deployed the latter it is great & if you find it within yourself perhaps sharing the File with...Ignored
Disliked{quote} Hello again Capablanca; Thanks for your update wrt FXIFY and their payment protocols. Whilst your suppositions are not at all illogical there is another spin to the scenario concerning them using the "existing/old" address. That is, a little while ago Regulatory oversight bodies were supposedly beginning to roll out requirements that payments such as these be made to single/authenticated addresses only to avoid individuals using Whirpool type tumblers and in effect masking their crypto transactions. During the run-up to the BTC ETF Approval...Ignored
Disliked{quote} I just enter things manually in a simple excel file. It's not that much work / entries and doesn't justify neither any complicated things, formulas or marcos, nor automatic integration with anything. It's the most rudimentar thing one can imagine. Enough for myself to know how many challenges and payouts I had and how much money I paid and received, per prop.Ignored
Disliked{quote} I would accept if they told me this was a regulatory thing. But in one of the payouts they noticed the new address and sent it there. In all the others they just sent to the initial address, ignoring that I had provided a new address. I'm tempted to say that this is careless of back office and not anything regulatory.Ignored
Disliked{quote} Thank You for your feedback Capablanca. I agree with you however I am certain you're aware I enquired for the benefit of likely helping those who don't have that rudimentary understanding of Excel functionality. For them, if an open source template is available which extracts & plugs in the raw data into their workbook it would help them with a plug & play solution which serves the purpose of crunching the data for them whilst eliminating typos causing formula errors. Thanks again all the same for replying, much appreciated. DesIgnored