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  • #33,141
  • Mar 15, 2024 4:33pm Mar 15, 2024 4:33pm
Quoting sampat
{quote} You can make 10K a day as long as you are willing to make 30K before making withdrawal request. It is actually better than forex prop firms once withdrawal threshold is passed. Consider if you have 50K account with allowed trailing drawdown of 2.5k. Let say you make 10K on the account you have 10K of allowed drawdown daily no limit. Yea swing trading is difficult as trailing drawdown will kill account but scalping for 5-10 points in future is better as futures prop firms has awesome spreads 1 tick. Imagine forex prop firms have atleast 4-8...
1 tick in gold is 10cents and in forex 1 tick in euro fx future is 0.5 spread but yes, for who can consistently trade over the month and scalps ect is possible but this rules are made to make most of people fail or not reach a payout but is has its pros of course like only paying small fee to pass phase 1 and only when passing paying the activation fee ect
  • #33,142
  • Mar 15, 2024 4:54pm Mar 15, 2024 4:54pm
Quoting rizla101
{quote} Assuming no further metatrader action, which firms would you eval with? Presumably your only considering those still offering mt4/5.
don't know yet. But my shortlist i guess is the obvious ones. FTMO ACG Funded engineer and maybe 5ers since they decided to stop talking so much. There are a bunch of new ones that have metatrader but they are going to also accept US elsewhere, i do not think this is smart given past actions. As much as I am against it, I think safety comes from not accepting US.
  • #33,143
  • Mar 15, 2024 4:55pm Mar 15, 2024 4:55pm
Quoting rizla101
What's everyone thinking of the new trading platforms that have been forced on us? I've now unfortunately tried all the various platforms, Ctrader is my preferred option.
Ctrader is the best alternative, none of the others are worth mentioning. Also its now discovered that both DX and Match trader have fpfx affiliation. So even if there was only OTC FX evaluation firm in the world, if it used those platforms I would not be using it.
  • #33,144
  • Mar 15, 2024 5:17pm Mar 15, 2024 5:17pm
Quoting sampat
{quote} You can make 10K a day as long as you are willing to make 30K before making withdrawal request. It is actually better than forex prop firms once withdrawal threshold is passed. Consider if you have 50K account with allowed trailing drawdown of 2.5k. Let say you make 10K on the account you have 10K of allowed drawdown daily no limit. Yea swing trading is difficult as trailing drawdown will kill account but scalping for 5-10 points in future is better as futures prop firms has awesome spreads 1 tick. Imagine forex prop firms have atleast 4-8...
TBH, since I mostly traded indices with the forex props anyway, I find the futures props much more lucrative once I figured out how to play the game. $200/day * 20 accounts and no, I am not a scalper.
  • #33,145
  • Mar 15, 2024 5:24pm Mar 15, 2024 5:24pm
Quoting Takisd
{quote} don't know yet. But my shortlist i guess is the obvious ones. FTMO ACG Funded engineer and maybe 5ers since they decided to stop talking so much. There are a bunch of new ones that have metatrader but they are going to also accept US elsewhere, i do not think this is smart given past actions. As much as I am against it, I think safety comes from not accepting US.
I'm using 3 of those without any fuss, my webbrowser detects malicious script whenever I go on FE website, so havent bothered with them. Finotive funding are another with mt5, they have some age to them and got rid of some of the rules that made them avoidable before.
  • #33,146
  • Mar 15, 2024 5:31pm Mar 15, 2024 5:31pm
Quoting pipmaster77
{quote} TBH, since I mostly traded indices with the forex props anyway, I find the futures props much more lucrative once I figured out how to play the game. $200/day * 20 accounts and no, I am not a scalper.
Yea it is doable with micros if minis it has to be scalp. With micro one can trade like swing, Minis are too big to handle with little trailing DD.
  • #33,147
  • Mar 15, 2024 5:39pm Mar 15, 2024 5:39pm
Quoting sampat
{quote} Yea it is doable with micros if minis it has to be scalp. With micro one can trade like swing, Minis are too big to handle with little trailing DD.
Yes...I trade 4 micros on the dow, 2 on the nas and 3 on S&P....$2/pt, $4/pt and $15/pt, respectively. Sometimes done by 10:30, other days averaging in/out for several hours. It is fairly simple to grab 100 points accross 1-3 trades on something with an ADR of 400 points.
  • #33,148
  • Mar 15, 2024 6:47pm Mar 15, 2024 6:47pm
Quoting sampat
It is because they started 1 day pass out. Since Dec 27th. So there will be huge payouts but dont forget there will be 10 times more evaluation failures or signups.
-I suspect that it has more to do with MFF getting taken down, Meta blocking props/US traders and FX props blocking US traders and also turning into garbage etc.. Probably, we can compare the traffic stats across all FX and Futures prop firms to see it.

I am seeing more and more FX traders making the jump to futures because of all of the nonsense that has occurred over the last couple of months. You cannot blame them, really.
  • #33,149
  • Mar 15, 2024 6:56pm Mar 15, 2024 6:56pm
Just started an Apex account with the 80% discount. How do they make money? Failure rates must be like 99% for them to earn anything.
  • #33,150
  • Mar 15, 2024 6:57pm Mar 15, 2024 6:57pm
Quoting pipmaster77
Yes...I trade 4 micros on the dow, 2 on the nas and 3 on S&P....$2/pt, $4/pt and $15/pt, respectively. Sometimes done by 10:30, other days averaging in/out for several hours. It is fairly simple to grab 100 points accross 1-3 trades on something with an ADR of 400 points.
-As much as I do not like the trailing DD on open positions, as well as the restrictions on payouts that essentially make it a 2-step evaluation, it is difficult to argue against the benefits. Being able to trade 20 accounts is huge, especially if you can get a deal that allows you to average about $100 cost for every $2500 worth of DD.
  • #33,151
  • Mar 15, 2024 7:00pm Mar 15, 2024 7:00pm
Quoting Takisd
{quote} I am close to one but its really not worth it. I could have earned way more with similar capital to my original DD with a deposit. So I will collect payout then kill the account as I only really did it to say I have done it. Maybe in April I will start in eval props again but not yet, waiting for Metatrader to confirm no more action against firms who don't accept US.
Impressive to even get close to a payout on one.

Quoting Takisd
{quote} Ctrader is the best alternative, none of the others are worth mentioning. Also its now discovered that both DX and Match trader have fpfx affiliation. So even if there was only OTC FX evaluation firm in the world, if it used those platforms I would not be using it.
cTrader also have an affiliation with them. cTrader also isn't available for US traders. I expect many other platform providers will be rushing to them too given the potential volumes.

If US traders want to use CFD props then it's, so far, DX and MatchTrade. The latter seems a far better platform than the former.
  • #33,152
  • Mar 15, 2024 7:11pm Mar 15, 2024 7:11pm
Quoting Takisd
{quote} Ctrader is the best alternative, none of the others are worth mentioning. Also its now discovered that both DX and Match trader have fpfx affiliation. So even if there was only OTC FX evaluation firm in the world, if it used those platforms I would not be using it.
Hi Takisd,
Would you enlighten me on the fptx aspect of the above platforms. Whats the negatives. I appreciate you sharing.
  • #33,153
  • Mar 15, 2024 7:13pm Mar 15, 2024 7:13pm
[quote=PropDude1234;14796365]{quote}Impressive to even get close to a payout on one. {quote}cTrader also have an affiliation with them. cTrader also isn't available for US traders. I expect many other platform providers will be rushing to them too given the potential volumes. If US traders want to use CFD props then it's, so far, DX and MatchTrade. The latter seems a far better platform than the former.[/quote

Hi PropDude1234,

Is the CTrader available to USA traders.
  • #33,154
  • Mar 15, 2024 7:18pm Mar 15, 2024 7:18pm
Quoting acetrader
Is the CTrader available to USA traders.
No, cTrader won't accept US clients. This was the case well before MFF and MetaQuotes issues.
  • #33,155
  • Mar 15, 2024 9:13pm Mar 15, 2024 9:13pm
Quoting pipmaster77
{quote} TBH, since I mostly traded indices with the forex props anyway, I find the futures props much more lucrative once I figured out how to play the game. $200/day * 20 accounts and no, I am not a scalper.
pm77 just have a question for you. Do you pay one monthly fee or 20 monthly fees for those 20 accounts?
  • #33,156
  • Mar 15, 2024 9:40pm Mar 15, 2024 9:40pm
Quoting FocusWinReal
{quote} pm77 just have a question for you. Do you pay one monthly fee or 20 monthly fees for those 20 accounts?
The fee is per account. On the 50K rithmic, it is $85/mo. You also have the option of $140 lifetime. If you get in on a 80% off for $33.40 and pay the monthly of $85, you are paying $118 per $2,500 of DD or $2,236 for 50K of DD....it is the equivalent of a 500K forex prop with 10% DD. There is no daily max, instead the battle is the trail which ends once you hit $2,600 profit in live. At that point your loss threshold is $50,100 permanently.
I do the monthly, as my view is if I'm making money $85 is just a monthly expense and if I blow the accounts, I've saved $55 per account. I do not have the full 20 accounts yet, I'm taking them in batches, even though they are very inexpensive, it is a personal preference to use payouts to purchase additional (same way I did with the forex props), this way I am always using house money. I use quantower which has built in copy robot. You may copy all, some, put them in groups, use a multiplier to trade some accounts larger....very simple and customizable.
The futures props have been the "everything happens for a reason", "when one door closes, another opens" type of moment for me. I was trading 85% indices on the forex props anyway and TBH, this is much cleaner, less stressful and I am not worried about platforms/brokers/denied payouts and all of the other bullshit of the forex props. I just wake up and trade.
  • #33,157
  • Mar 16, 2024 12:05am Mar 16, 2024 12:05am
Quoting maltrader
Just started an Apex account with the 80% discount. How do they make money? Failure rates must be like 99% for them to earn anything.
Once you pass the dirt cheap challenge you have to pay a one-time lifetime activation fee for your funded account. I think it's like $160 for Tradovate and a bit cheaper for Rhithmic. Or, you can pay $105 monthly subscription fee for each month you have your funded account. Then, there is a limit to how much you can withdrawal for the first three months.

In the meantime funded traders will continue getting sodomized by the trailing drawdown.

I'm sure the metrics would say that a large percentage of traders will never make it to a payout and the vast majority certainly won't make it thru the 3 month barrier.

Although the dirt cheap challenge may seem like a bad business model, it's actually a brilliant business model.
Pride always comes before destruction.... -Proverbs 16:18
  • #33,158
  • Mar 16, 2024 3:13am Mar 16, 2024 3:13am
Quoting maltrader
Just started an Apex account with the 80% discount. How do they make money? Failure rates must be like 99% for them to earn anything.
I think over 99.9% of Apex challenge accounts will not reach a payout.
  • #33,159
  • Mar 16, 2024 3:27am Mar 16, 2024 3:27am
Quoting acetrader
{quote} Hi Takisd, Would you enlighten me on the fptx aspect of the above platforms. Whats the negatives. I appreciate you sharing.
Its a toxic malicious company who are doing nasty shit in the background.
  • #33,160
  • Mar 16, 2024 3:52am Mar 16, 2024 3:52am
TFT staff flooding the channels to express their disapproval of a mass layoff at TFT.

In the email sent to them EXPRESSIONS OF GRATITUDE is a sub titled section. As if it needed its own section rather than expressing gratitude like a human.

I am somewhat sorry to the staff of The Failing Trader but all scams must come to an end.
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