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  • #34,901
  • Apr 13, 2024 10:54pm Apr 13, 2024 10:54pm
I want to get a funded account what are the most reliable forex prop firms right now?
  • #34,902
  • Apr 13, 2024 11:29pm Apr 13, 2024 11:29pm
Quoting giveachance
{quote} how many accounts have u blown or how many accounts do u counter trade? you are nothing but a spammer
Oh no this idiot is back.
Pride always comes before destruction.... -Proverbs 16:18
  • #34,903
  • Apr 13, 2024 11:59pm Apr 13, 2024 11:59pm
Quoting Seeqn
I want to get a funded account what are the most reliable forex prop firms right now?

FTMO, Top Tier Trader, MyFlashFunding.
Drawdown is more important than Account Size !
  • #34,904
  • Apr 14, 2024 1:28am Apr 14, 2024 1:28am
Quoting Seeqn
I want to get a funded account what are the most reliable forex prop firms right now?
ACG, the5ers, FTMO.

Think most firms are OK as long as you don't draw huge profits.
  • #34,905
  • Edited 3:35am Apr 14, 2024 2:58am | Edited 3:35am
Quoting giveachance
{quote} how many accounts have u blown or how many accounts do u counter trade? you are nothing but a spammer
I've dabbled in the gambling flip a coin pass or fail in 1 trade approach to evals, but it's not my personal style due to overall cost vs return on investment + that style getting flagged as toxic by props. That being said, Monty has been pretty transparent with his total amount of blown challenges & costs.
  • #34,906
  • Apr 14, 2024 7:10am Apr 14, 2024 7:10am
Hi guys
Does anyone know this prop firm ?

Equite Edge UK

Sounds too good to be true.
Very cheap challenges and i think all they reviews are fake.
Let me know what you think. Thanx
  • #34,907
  • Apr 14, 2024 7:19am Apr 14, 2024 7:19am
Quoting MoHoSK
Hi guys Does anyone know this prop firm ? Equite Edge UK Sounds too good to be true. Very cheap challenges and i think all they reviews are fake. Let me know what you think. Thanx
If something looks too good to be true it normally is
  • #34,908
  • Apr 14, 2024 7:30am Apr 14, 2024 7:30am
Quoting procrude
{quote} FTMO, Top Tier Trader, MyFlashFunding.
Don't forget the 5%ers.....just got a payout this morning (on a Sunday)...requested Friday am
  • #34,909
  • Apr 14, 2024 7:52am Apr 14, 2024 7:52am
Quoting pipmaster77
{quote} Don't forget the 5%ers.....just got a payout this morning (on a Sunday)...requested Friday am
I think that now is not a good time to buy 5ers challenge. Maybe after a few months when peace returns.
  • #34,910
  • Apr 14, 2024 8:37am Apr 14, 2024 8:37am
Quoting montygoldy
its opposite pass rate is very less than you expect cause of trailing drawdown.
-Are you sure? Based on the limited data that has been published, MFF averaged around 10% pass-rate for phase-one, which steadily increased over time, as high as 18% to 19%. The Funded Trader saw as high as a 27% pass-rate for phase-one, during the fall of 2023. According to Apex, their evaluation pass-rate averaged around 43% between Jan 2023 - Sep 2023.

Perhaps Apex is only sharing with us their best period. Perhaps the numbers for FX prop improved further, over time, but I can only go by what has been published.

Probably, the data becomes heavily skewed when we factor in periods where firms were allowing 1-day to pass, unlimited days, trading micro lots to finish out, news trading etc..

Perhaps having trailing draw-down with tighter rules inherently forces traders to trade better. The exception to this might be when Apex offers the 1-day to pass along with heavy discounts. Probably, it is simply too tempting for some to flip a coin during those times.
  • #34,911
  • Apr 14, 2024 8:57am Apr 14, 2024 8:57am
Quoting pipmaster77
{quote} Don't forget the 5%ers.....just got a payout this morning (on a Sunday)...requested Friday am
what are you using over there match or dx?
  • #34,912
  • Edited Apr 15, 2024 2:18am Apr 14, 2024 9:04am | Edited Apr 15, 2024 2:18am
Quoting Nsak3y
{quote}-Are you sure? Based on the limited data that has been published, MFF averaged around 10% pass-rate for phase-one, which steadily increased over time, as high as 18% to 19%. The Funded Trader saw as high as a 27% pass-rate for phase-one, during the fall of 2023. According to Apex, their evaluation pass-rate averaged around 43% between Jan 2023 - Sep 2023. Perhaps Apex is only sharing with us their best period. Perhaps the numbers for FX prop improved further, over time, but I can only go by what has been published. Probably, the data becomes...
I would suspect Apex has higher pass rate in phase 1 (cheap to gamble/yolo, no 30% rule, 1-3 min trade day sales) with much lower success rate to payout threshold vs FX prop pass phase 2 + getting to 1-5% payout.
  • #34,913
  • Apr 14, 2024 9:10am Apr 14, 2024 9:10am
Quoting CableJ
{quote} what are you using over there match or dx?
Match and TBH, no issues at all. I still chart on MT4 and simply use Match to push buy or sell. Of course, you can set stops, limits, partial close....all of the basic stuff you need. I cannot comment on the use of EAs as I am a manual trader. For me it works just as I expected.
  • #34,914
  • Apr 14, 2024 9:16am Apr 14, 2024 9:16am
Quoting Nsak3y
{quote}-Are you sure? Based on the limited data that has been published, MFF averaged around 10% pass-rate for phase-one, which steadily increased over time, as high as 18% to 19%. The Funded Trader saw as high as a 27% pass-rate for phase-one, during the fall of 2023. According to Apex, their evaluation pass-rate averaged around 43% between Jan 2023 - Sep 2023. Perhaps Apex is only sharing with us their best period. Perhaps the numbers for FX prop improved further, over time, but I can only go by what has been published. Probably, the data becomes...
Have we ever considered.......do any of these firms use unique evals in this formula or simply unique traders......trader A took ATLEAST one eval and passed, this is 100%, Monty took 102 (atleast 1) and passed 20 (atleast 1) so he is 100% or is it actually 20/102= 19.6%
In other words, do 43 out of 100 evals actually get passed or do 43 out of 100 traders who attempt to get to a PA actually get there?
  • #34,915
  • Apr 14, 2024 9:38am Apr 14, 2024 9:38am
Quoting CableJ
I would suspect Apex has higher pass rate in phase 1 (cheap to gamble/yolo, no 30% rule, 1-3d trade day min sales) with much lower success rate to payout threshold vs FX prop pass phase 2 + getting to 1-5% payout.
-Yes, probably so. Which is why I say that trying to gauge the resilience of the model may be difficult since all we have are phase-one statistics and as you noted, phase-two is littered with all kinds of rules etc..
  • #34,916
  • Apr 14, 2024 9:41am Apr 14, 2024 9:41am
Quoting pipmaster77
In other words, do 43 out of 100 evals actually get passed or do 43 out of 100 traders who attempt to get to a PA actually get there?
-Good point. Statistics for Apex are based on traders. Per their site:

"The customer pass rate of the evaluation program was 43.13% between January 1, 2023 – Sept 1, 2023, who traded at least one evaluation and obtained a PA Account during this time period."

In other words, not very useful data, it would seem.
  • #34,917
  • Apr 14, 2024 9:48am Apr 14, 2024 9:48am
Quoting Nsak3y
{quote}-Statistics for Apex are based on traders. Per their site: "The customer pass rate of the evaluation program was 43.13% between January 1, 2023 – Sept 1, 2023, who traded at least one evaluation and obtained a PA Account during this time period."
Well that changes everything......one could take 1,000 evals and pass 1. So, if 100 traders take 100 evals each and 43 get atleast 1 PA, the true pass rate is 0.413%. Exagerated example, but completely discredits the pass rate statistic.
TBH, though, I don't care.....one should only be concerned with their own stats and their own game plan to get there. Monty is a great example, his pass rate is under 20% and he will have an ROI of 700% in 2-2.5 weeks worth of work.
  • #34,918
  • Apr 14, 2024 9:54am Apr 14, 2024 9:54am
Quoting giveachance
{quote} how many accounts have u blown or how many accounts do u counter trade? you are nothing but a spammer
there is a ignore button if you not interested in my content. I love to post my journey
Extreme gut feeling trader
  • #34,919
  • Apr 14, 2024 10:06am Apr 14, 2024 10:06am
Quoting Nsak3y
{quote}Perhaps having trailing draw-down with tighter rules inherently forces traders to trade better. The exception to this might be when Apex offers the 1-day to pass along with heavy discounts. Probably, it is simply too tempting for some to flip a coin during those times.
The trailing and Intraday only forces people to always be taking profit, that’s it. That’s the game so no room for bad habits like BE trading, etc.
Trade with confidence, trade without fear.
  • #34,920
  • Apr 14, 2024 10:44am Apr 14, 2024 10:44am
Quoting MoHoSK
Hi guys Does anyone know this prop firm ? Equite Edge UK Sounds too good to be true. Very cheap challenges and i think all they reviews are fake. Let me know what you think. Thanx
How are they cheap? Seems pretty standard to me. 100k 2-phase challenge is $477 with 8%/5% target and 5%/10% drawdowns.
ACG is $497, the5ers is $495, ascendx is $490 (7%/5% target), FTMO is EUR540 (10%/5% target).
Cheap is something like funding pips and real funds trader where it cost ~380 for the 2-phase challenge with similar targets as Equite.

That said, have never heard of them. New firms popping up like mushrooms daily. Hope they can at least make it to one or two payouts if we buy their challenge.
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