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  • #32,921
  • Mar 10, 2024 6:08pm Mar 10, 2024 6:08pm
Quoting Nsak3y
{quote}-Is it correct to say that AMP is regulated but does not offer negative balance protection?
It is regulated, it does not offer any protection from losses. I know some of the bigger brokerages offer it like E*Trade, TD, but they are expensive. Im not aware of any lower cost futures firms that offer it either.
Trade with confidence, trade without fear.
  • #32,922
  • Mar 10, 2024 6:47pm Mar 10, 2024 6:47pm
Quoting Cryptosurf
It is regulated, it does not offer any protection from losses.
-Thanks. I was just trying to showcase another example of how our regulators are protecting us.

On a serious note, AMP pushes trades to an actual exchange, right, so there would never be any issue even if a trader made an 8-figure withdrawal?
  • #32,923
  • Edited 7:13pm Mar 10, 2024 6:55pm | Edited 7:13pm
Quoting Nsak3y
{quote}-Thanks. I was just trying to showcase another example of how our regulators are protecting us. On a serious note, AMP pushes trades to an actual exchange, right, so there would never be any issue even if a trader made an 8-figure withdrawal?
Futures are centralized via CME feeds which are different from the various FX decentralized feeds. You pay for CME access via CQG, Rithmic, etc. Amp isn’t pushing trades, rather they are settling/clearing the trades for a commission.

And yes they have never had any problems paying out large sums.
Trade with confidence, trade without fear.
  • #32,924
  • Mar 10, 2024 7:39pm Mar 10, 2024 7:39pm
I searched this thread and not one mention of hydra funding.

It takes a lot for me to IGNORE you, but you can try.
  • #32,925
  • Mar 10, 2024 7:46pm Mar 10, 2024 7:46pm
Quoting Erebus
I searched this thread and not one mention of hydra funding.
Please share your experience.
Success = Practice + Patience + Persistence
  • #32,926
  • Mar 10, 2024 8:29pm Mar 10, 2024 8:29pm
Quoting Erebus
I searched this thread and not one mention of hydra funding.
Says they use ThinkMarkets

For their 2-phase: no news trading, no holding over the weekend

ONE review on DistrustPilot (seems strange because I see YouTube reviews of Hydra that are a year old)

A no go for me
Pride always comes before destruction.... -Proverbs 16:18
  • #32,927
  • Edited 9:14pm Mar 10, 2024 8:54pm | Edited 9:14pm
Quoting Nsak3y
{quote}-You can have a perfect win-loss ratio across thousands of trades and still not maintain >2.00 sharpe ratio unless you are trading a certain way. Probably not a good gauge for day traders.
isn't sharp calculated total returns - 1yr US treasury bill rate / max drawdown? Or maybe that is sortino ratio, I always get them mixed up.... but with a perfect win rate, unless the trader's system requires deep drawdowns on capital that still turn into wins... I would think the ratio would be quite high. It may not be a good way to gauge day traders, but it is a standard gauge used by investors along with overall track record when deciding with whom to allocate big time money.
  • #32,928
  • Mar 10, 2024 9:05pm Mar 10, 2024 9:05pm
Quoting Expo33
{quote} I don't know but here is Surge Trader CEO Mrs. Ponzi on YouTube today blabbering about their migration to DXTrade https://www.youtube.com/watch?v=itY7NGBB9U0&t=16s
pure comedy... she's fighting for all the little people lol
  • #32,929
  • Mar 10, 2024 9:29pm Mar 10, 2024 9:29pm
Quoting Cryptosurf
And yes they have never had any problems paying out large sums.
-Thanks. Nice way to eliminate any conflicts of interests then.
  • #32,930
  • Mar 10, 2024 9:33pm Mar 10, 2024 9:33pm
Quoting CableJ
isn't sharp calculated total returns - 1yr US treasury bill rate / max drawdown? Or maybe that is sortino ratio, I always get them mixed up....
-I don't know. According to google... subtract risk-free rate of return from the expected rate of return and then divide the resulting figure by the standard deviation (whatever that means). I suspect that it would require a very good RRR. In my experience, even without the heavy draw-down, it is difficult to maintain >2 Sharpe over the long-term. I would have to change my trading style to be able to qualify.

Quoting CableJ
It may not be a good way to gauge day traders, but it is a standard gauge used by investors along with overall track record when deciding with whom to allocate big time money.
-Yes. And from my understanding, fund managers can do things to skew the sharpe ratio to appear more attractive to would-be investors.
  • #32,931
  • Mar 10, 2024 10:41pm Mar 10, 2024 10:41pm
Quoting fxpider
{quote} Please share your experience.
Sure, I have none, just came across the name and seen their website same as anyone else can; then came here to check for any information.

It takes a lot for me to IGNORE you, but you can try.
  • #32,932
  • Mar 10, 2024 10:47pm Mar 10, 2024 10:47pm
Quoting Expo33
{quote} I don't know but here is Surge Trader CEO Mrs. Ponzi on YouTube today blabbering about their migration to DXTrade https://www.youtube.com/watch?v=itY7NGBB9U0&t=16s
yayy hopefully it works out
  • #32,933
  • Mar 11, 2024 1:24am Mar 11, 2024 1:24am
Quoting tradeoracle
{quote} What's peoples experience with these guys? Trust pilot is good and lots of positive feedback specifically regarding fast payouts. I've used their free demo a few times to test things out but not as of yet bought a challenge.
Have 3 funded accounts with them for the past 8 months. No problems with payouts so far, although I don't have large withdrawals. Haven't experienced any noticeable of slippage on their platform as with other firms.

One thing I noticed is that the funded accounts are created slower than before. Used to be if you passed phase 2, the funded accounts comes within 1-2 working days. Now it seems they drag it to 5 working days and you need to send them an email to get it created based on my friends' experience and also what I read on discord. Payouts usually get approved and sent within 1 working day.
  • #32,934
  • Mar 11, 2024 2:20am Mar 11, 2024 2:20am
Quoting DeltaCapital
I dont remeber who uses AMP futures here maybe Capa or pipmaster but how is your experience with this broker in terms of withdrawals ect
I didn't withdraw yet. Using it just for a couple of months now.
  • #32,935
  • Mar 11, 2024 2:29am Mar 11, 2024 2:29am
Quoting Expo33
{quote} I don't know but here is Surge Trader CEO Mrs. Ponzi on YouTube today blabbering about their migration to DXTrade https://www.youtube.com/watch?v=itY7NGBB9U0&t=16s
UAU, 40% discount. Everyone should run there while it last.
Code is PONZILASTDAYS
  • #32,936
  • Mar 11, 2024 3:37am Mar 11, 2024 3:37am
Jana Jana Jana, you dont treat me no good no more.

Why isn't she sipping cocktails on the beach in this video.
  • #32,937
  • Mar 11, 2024 4:25am Mar 11, 2024 4:25am
This is not prop related but I saw people getting emails from XTB informing transition from MT4 to Xstation. Not sure if this has anything to do with recent Meta things.
  • #32,938
  • Mar 11, 2024 6:51am Mar 11, 2024 6:51am
Quoting Nsak3y
{quote}-Thanks. Nice way to eliminate any conflicts of interests then.
Not sure I follow. Explain
Trade with confidence, trade without fear.
  • #32,939
  • Mar 11, 2024 7:44am Mar 11, 2024 7:44am
Quoting maltrader
{quote} Have 3 funded accounts with them for the past 8 months. No problems with payouts so far, although I don't have large withdrawals. Haven't experienced any noticeable of slippage on their platform as with other firms. One thing I noticed is that the funded accounts are created slower than before. Used to be if you passed phase 2, the funded accounts comes within 1-2 working days. Now it seems they drag it to 5 working days and you need to send them an email to get it created based on my friends' experience and also what I read on discord....
Thanks for your reply. That's useful. What size payouts do you tend to go for? Do you use EAs at all with them? Can see from FAQs they seem to be requesting approval for any EAs prior to use.
  • #32,940
  • Mar 11, 2024 8:15am Mar 11, 2024 8:15am
Quoting Capablanca
This is not prop related but I saw people getting emails from XTB informing transition from MT4 to Xstation. Not sure if this has anything to do with recent Meta things.
mt4 is discontinued. There is a plan to end all MT4 this year.
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