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  • #32,361
  • Edited 6:06pm Mar 1, 2024 5:49pm | Edited 6:06pm
Quoting Boulder
{quote} yes ,,unfortunately as a US citizen, I can no longer trade in FX prop firms. I still have 4 funded accounts with 2 firms and waiting for my 4 payouts this week,, I dont know I will receive the payouts or not, today will be sixth day after they approved my payout..still waiting.. I have been trading in apex for three days, I like it so far, since I always scalp trades, I don't think I will have much issues with trailing DD.
I just got 4 payouts today from those two HFT firms, 3 payouts from Nova and one payout from Kortana. I had 11 payouts from Nova so far last 4 months and first payout from Kortana. all my accounts are $100k and I stopped trading when profit around 2%. Nova has a couple of days delay on one account (8 business days), two accounts on time (3- 5 business days); Kortana was on time for my payout. ( three business days)
Just let you know even though they are HFT firms, they do pay if you follow their rules.
  • #32,362
  • Mar 1, 2024 6:11pm Mar 1, 2024 6:11pm
Quoting TraderTero
Testing this MT5 to cTrader copier which cost only $12 per month for unlimited accounts. So far it seems to be working well and the setup is quite easy: https://heroncopier.com/
Hi, I'm the developer of the copier. Just happened to find your comment here. How do you like the copier so far? Any input is appreciated!
  • #32,363
  • Mar 1, 2024 9:12pm Mar 1, 2024 9:12pm
Quoting Boulder
{quote} I just got 4 payouts today from those two HFT firms, 3 payouts from Nova and one payout from Kortana. I had 11 payouts from Nova so far last 4 months and first payout from Kortana. all my accounts are $100k and I stopped trading when profit around 2%. Nova has a couple of days delay on one account (8 business days), two accounts on time (3- 5 business days); Kortana was on time for my payout. ( three business days) Just let you know even though they are HFT firms, they do pay if you follow their rules.
Hi Boulder,

I took a look at Nova Funding's site & I like what they offer. Will you continue with them? Any complaints. Thank you for sharing.
  • #32,364
  • Mar 1, 2024 9:56pm Mar 1, 2024 9:56pm
Quoting montygoldy
Update on challenges not good. All in drawdown was deep down but made some recovery today. Cable longs mostly smoked me its literally like hitting sl and then fly to tp 1. Both FTMO in 2% drawdown. 2. Alpha 1.5% down BTW ADDED A TRADE EXPLORER STARTED WITH 1280$ YESTERDAY and MADE A GOOD PROGRESS THERE {image} {image} {image}
FTMO phase 2
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5ers phase 1
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  • #32,365
  • Mar 1, 2024 10:33pm Mar 1, 2024 10:33pm
Quoting acetrader
{quote} Hi Boulder, I took a look at Nova Funding's site & I like what they offer. Will you continue with them? Any complaints. Thank you for sharing.
I will continue to trade Nova funding since I have max funding over there for months.
you can also check out Kortana, they will pay 100% on 4th payout, I got their first payout, it went smoothly.
By the way, those firms are HFT firms, I used ea to pass the challenges, which were done and funded within a few hours.
it used to be very smooth operation, but now with all the things going on with Fx prop firms, there are some delays in payouts just like other firms. You have to decide whether you want to take the chance, you can read traders reviews in trusted pilots sites .
Good luck.
  • #32,366
  • Mar 2, 2024 2:59am Mar 2, 2024 2:59am
Quoting Boulder
{quote} I will continue to trade Nova funding since I have max funding over there for months. you can also check out Kortana, they will pay 100% on 4th payout, I got their first payout, it went smoothly. By the way, those firms are HFT firms, I used ea to pass the challenges, which were done and funded within a few hours. it used to be very smooth operation, but now with all the things going on with Fx prop firms, there are some delays in payouts just like other firms. You have to decide whether you want to take the chance, you can read traders...
I saw a video from a " training company". In it they mentioned that nova allows them to pass challenges for people. Very unusual a firm allowing hft and challenge passing services and EAs. Sounds like red flag. But if you've got your money back already then very good, long may it continue for you.
  • #32,367
  • Mar 2, 2024 3:11am Mar 2, 2024 3:11am
from the most consumer friendly to the least
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  • #32,368
  • Mar 2, 2024 3:27am Mar 2, 2024 3:27am
Quoting rizla101
{quote} I saw a video from a " training company". In it they mentioned that nova allows them to pass challenges for people. Very unusual a firm allowing hft and challenge passing services and EAs. Sounds like red flag. But if you've got your money back already then very good, long may it continue for you.
My payouts are way more than my cost. I usually buy one account from a firm first, used their payout to buy more accounts from them. I was warned at the beginning about hft firms, if you read my earlier posts. Now I got so many payouts, I am glad I tried those firms
  • #32,369
  • Mar 2, 2024 3:44am Mar 2, 2024 3:44am
Quoting aalfath
{quote} Hi, I'm the developer of the copier. Just happened to find your comment here. How do you like the copier so far? Any input is appreciated!
So far it has been working well. Fast enough for my purposes and it seems to be stable.
Reasonably priced also.
  • #32,370
  • Mar 2, 2024 3:52am Mar 2, 2024 3:52am
In US - No. No one approached CFTC, till few months back. Now some approached.
In UK - Atleast one firm has No action letter.
In Germany - One firm has BaFin clearance.
In Hungary - One firm has "ok" from local regulator
  • #32,371
  • Mar 2, 2024 4:33am Mar 2, 2024 4:33am
Quoting TraderTero
{quote} So far it has been working well. Fast enough for my purposes and it seems to be stable. Reasonably priced also.
Very reasonable pricing I must say. Will defo try it out in the future.
  • #32,372
  • Mar 2, 2024 6:20am Mar 2, 2024 6:20am
Careful! @thefundedtrader rugpull is coming. Be wise and stop buying accounts from this propfirm. Why? Everything points to their end. And I guess none of us want to be in a fallen kingdom, do we? TheFundedTrader has always prided itself on its reputation. They've portrayed themselves as a people's company, all about community. Marketing-wise, they've done the impossible. They made their customers into a family that defended them all over the place and bought more accounts with the vision that one day they would be able to show their payout to the community and feel like they were part of something bigger. The human mentality loves that feeling. This is also why up until recently, the Knights continued to grow and many discussed when they would take over as the number one player and overthrow the current king in the form of @FTMO_com. However, this is certainly not going to happen. On the contrary. The amount of problems this company is facing suggests that this may be the last year ever in business. Denied payouts without justification, or with completely nonsensical explanations like splitting positions to avoid slippage. Slow migration. Broker not working, causing accounts to fail without remedy. Completely broken dashboard. And last but not least absolutely insane and arrogant communication from the CEO and face of the company @savedbyfx. These are all problems that the company is facing. And for me, at the moment, it has no power to continue its growth. On the contrary. Traders have grown tired of the denied payouts and are speaking up more and more often. In February alone @thefundedtrader more than 300k USD worth of payouts were rejected! Do you get it? 300k a month. And the final number may be even higher because not everyone shares the rejections due to concerns about legal troubles. My guess is that they rejected over half a million dollars in payouts in February alone. The reasons are simple. Given the legislative challenges facing the industry, it looks like the Knights are setting up for a grandiose rugpull. That being said, they have always prided themselves on their reputation, but that is now gone and they are going over dead even as horrific testimonials of their former merchants being scammed by the company proliferate on social media.. The reason is clear. The big end is coming and you are now serving as exit liquidity for them.
  • #32,373
  • Mar 2, 2024 6:27am Mar 2, 2024 6:27am
How does FTMO treat successful traders? Let's take a look at their practices. Don't ignore this just because you think @FTMO_com is a saint. That is far from the truth. They are the same scammers as the others, they just do it smarter and better. A trader contacted me. It turned out that he too was one of the successful traders who did not suit @FTMO_com . He first received the legendary email accusing him of one-sided betting and that his strategy was broken in the long run. What's funny about that? At the time, he had a track record of approximately 900 trades in FTMO stats with a 59% success rate at an RR of 1:1. So clearly his strategy was working and he had found his edge in the market. He traded extra with a maximum of 15 lots per trade idea on a 100k account. This is a very reasonable lot size for a 100k account. FTMO required him to risk a maximum of 1% per trade. He complied with this and had no problem for some time. That is, until he requested another payout. Then came the next problem. This time FTMO accused him of reverse trading between his own accounts, which they said led to a zero-sum game. However, FTMO provided no evidence whatsoever for their claim. That's not the worst of it. At the same moment, this trader had all accounts deleted from his dashboard, including his trading history, so the trader couldn't even defend himself against the accusation of reverse trading between his own accounts. What a coincidence to be accused of something and then have the evidence quickly deleted, right? Since FTMO wanted to play the good grandma, they paid him his entire payout, which was approximately $2000, but at the same time deleted his 2x100k funded accounts and 5x100k phase 1 accounts. All these phase 1 accounts were in profit and FTMO refused to refund them. Theft in broad daylight. On the phase 1 accounts alone, FTMO defrauded him of approximately $3000 USD, but at the same time pretended to be a philanthropist by paying him his last payout. If you want to see how professional scamming is done, I'm attaching snippets of communication that definitely did not come from FTMO due to legal matters.
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  • #32,374
  • Mar 2, 2024 6:32am Mar 2, 2024 6:32am
Quoting AaronPriest
{quote} I have requested a refund. FTMO and MFFX have already refunded me.
Hi AaronPriest,

Wise decision. That is an awful trading software. Currently have it running & would never use it in live mode. There has got to be better.
  • #32,375
  • Mar 2, 2024 6:43am Mar 2, 2024 6:43am
Quoting Boulder
{quote} I will continue to trade Nova funding since I have max funding over there for months. you can also check out Kortana, they will pay 100% on 4th payout, I got their first payout, it went smoothly. By the way, those firms are HFT firms, I used ea to pass the challenges, which were done and funded within a few hours. it used to be very smooth operation, but now with all the things going on with Fx prop firms, there are some delays in payouts just like other firms. You have to decide whether you want to take the chance, you can read traders...
Hi Boulder,

Thank you for your reply. I am a short term/scalper using no Bo's, Algo's & few if any indicators for that matter. Will trade half of the Prop approved lot size on most trades. So, in your experience would I be Nova's type of trader? I would as you describes start with one account & parlay the gains into one or two more accounts. I stay under the radar somewhat.
  • #32,376
  • Mar 2, 2024 6:51am Mar 2, 2024 6:51am
TrAndy1,

Hi Andy,

You are a treasure trove of information flow keeping the traders informed on current events in the prop & trading world in general. With the frequency of your postings, it almost seems like you are a Bot of sorts. I mean that in a good way. Please take no offenses. I do appreciate your willingness to share. Best of trades to you in the coming months.
  • #32,377
  • Mar 2, 2024 6:58am Mar 2, 2024 6:58am
Quoting TrAndy1
Since FTMO wanted to play the good grandma, they paid him his entire payout, which was approximately $2000, but at the same time deleted his 2x100k funded accounts and 5x100k phase 1 accounts. All these phase 1 accounts were in profit and FTMO refused to refund them. Theft in broad daylight. On the phase 1 accounts alone, FTMO defrauded him of approximately $3000 USD, but at the same time pretended to be a philanthropist by paying him his last payout. If you want to see how professional scamming is done, I'm attaching snippets of communication that...
Why would trader purchase another 5x100k challenges?
  • #32,378
  • Mar 2, 2024 7:06am Mar 2, 2024 7:06am
Quoting acetrader
{quote} Hi AaronPriest, Wise decision. That is an awful trading software. Currently have it running & would never use it in live mode. There has got to be better.
MT4/MT5 to DxTrade copier is now available on MQL5 for $100. Should be useful to many US traders.
  • #32,379
  • Mar 2, 2024 7:18am Mar 2, 2024 7:18am
MetaQuotes Ban: Metatrader Prop Firms Support MT4 & MT5 For US Traders - FundingTraders Blog
MetaTrader Prop Firms Accepting New US Clients
While existing US clients continue to trade futures, Funding Traders is actively accepting new traders from North America. The prop firm offers several funded account sizes – ranging between $10,000 to $500,000. In fact, skilled, consistently profitable, and experienced traders like you can scale up their funded accounts and manage up to $2M in funded capital.
MetaTrader 4 - so many advantages.
  • #32,380
  • Edited 8:22am Mar 2, 2024 7:38am | Edited 8:22am
Quoting acetrader
{quote} Hi Boulder, Thank you for your reply. I am a short term/scalper using no Bo's, Algo's & few if any indicators for that matter. Will trade half of the Prop approved lot size on most trades. So, in your experience would I be Nova's type of trader? I would as you describes start with one account & parlay the gains into one or two more accounts. I stay under the radar somewhat.
I do manual trades in all my funded accounts. due to consistency rule in HFT firms , I trade fixed lots. They only allow 2 positions per symbol a time.
Incase you open account with any those firms, you need read their rules carefully.
Before you purchase any account, please read the comments about the firms from the trusted pilots. There are a lot of changes going on with prop firms lately. I don’t like to recommend any firm to anyone. I just share my experience here like others
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