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  • #40,601
  • Aug 12, 2024 1:51am Aug 12, 2024 1:51am
For me, trading on Darwinex is like playing golf. You may not be a professional, but you enjoy trading or playing, comparing stats with others, and constantly learning.

Complaining about not earning on an hourly basis; what makes people think we don’t have primary jobs or aren’t trading on personal accounts. With that mindset, I’d rather work in a food chain.

Comparing traditional prop firms to Darwinex is like comparing golf to football or any other sport. Everyone has their own preference. You need to learn the rules instead of complaining about not understanding them. I still trade with 5ers. I tried with Apex but didn’t succeed so far. I will try again in the future when I have more time.
  • #40,602
  • Edited 2:34am Aug 12, 2024 2:08am | Edited 2:34am
Quoting 21vs7
..as said...i also aplied to Dzero...I like the talks about it, but we changed the narrative of this thread flipside. I really agree that Dzero talks are moved to the other thread as lots of people are still engage in prop firms traditional where genuine feedback on this firms matters...not that user scrolls on 5 pages with on Darwin. https://www.forexfactory.com/thread/...win-discussion? hayseed did the work. Please for detailed stuff move your conversation to this thread
No thx I like it here.

Darwinex just happens to be the hot topic at the moment. For awhile it was MFF, then it was APEX. Back in the day it was Jessica's boobs.

Heck, we even had a Brokeback Mountain phase with Karl and Quickly.

I like to get my news all in one place. If ya gotta scroll then ya gotta scroll
Pride always comes before destruction.... -Proverbs 16:18
  • #40,603
  • Aug 12, 2024 4:47am Aug 12, 2024 4:47am
Quoting sheva89
For me, trading on Darwinex is like playing golf. You may not be a professional, but you enjoy trading or playing, comparing stats with others, and constantly learning. Complaining about not earning on an hourly basis; what makes people think we don’t have primary jobs or aren’t trading on personal accounts. With that mindset, I’d rather work in a food chain. Comparing traditional prop firms to Darwinex is like comparing golf to football or any other sport. Everyone has their own preference. You need to learn the rules instead of complaining about...
I completely agree with everything except the part about complaining. Continuous study, learning are mandatory, and complaining is also essential. I am trying to reverse many incorrect psychological mindsets, which are of course closely related to the history of floating markets everywhere, as they fall within the realm of behavioral economics. But now we have ergodicity economics. Just saying.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,604
  • Edited 5:40am Aug 12, 2024 5:26am | Edited 5:40am
The new Karma prop is gone. It seems there are too many profitable traders on the table on any prop. I do not think that 80% or more of traders are just cheating.
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https://www.financemagnates.com/fore...uidity-issues/

According to FunderPro, more than 50 proprietary trading firms might have disappeared from the market this year alone. Alex Zanutto, CEO and Co-Founder of FunderPro, points out that the traditional prop trading model is fundamentally flawed and unsustainable.
Many firms operate on a virtual trading system where:

  1. Funded traders' trades never reach the real market, generating no actual profits.
  2. Firms can potentially manipulate markets to make traders fail challenges.
  3. Payouts come solely from challenge purchase fees, not real trading profits.


https://www.financemagnates.com/thou...s-are-closing/

The FunderPro Solution: Real Funds Prop Trading
When we decided to enter the prop trading space, we sought to address this flawed business model. The logical conclusion was to adopt the A-Book approach: all trades from funded traders are sent to the broker backed by real capital.
Using real capital allows us to transform the three problematic points into strengths:
1. All trades placed by funded traders hit the broker and generate real profits.
2. The firm cannot manipulate trades, increasing trust.
3. Payouts are made from the profits generated by traders. Liquidity for payouts is guaranteedbecause it comes from the market, not from sales.


https://www.financemagnates.com/fore...access-ending/

Prop Firm FXIFY Faces MetaQuotes Ban: US MetaTrader Access Ending

 

  1. The firm is to move US traders to DX due to MetaQuotes' directive.
  2. The firm plans to launch FXIFY Futures soon, expanding its product range.

  • #40,605
  • Aug 12, 2024 5:57am Aug 12, 2024 5:57am
@capablanca
Bybit is launched i have create MT5 account to fund is simple just fund your bybit account and then transfer funds from bybit funding account to MT5, indices are still not able to trade but spreads very good like ic markets
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  • #40,606
  • Aug 12, 2024 6:00am Aug 12, 2024 6:00am
Quoting sampat
{quote} You need to have paid version to copy multiple propfirms. Buy only Advanced features of quant tower. {image}
Thanks.
  • #40,607
  • Aug 12, 2024 6:04am Aug 12, 2024 6:04am
Quoting TrAndy1
The new Karma prop is gone. It seems there are too many profitable traders on the table on any prop. I do not think that 80% or more of traders are just cheating. {image} https://www.financemagnates.com/fore...uidity-issues/ According to FunderPro, more than 50 proprietary trading firms might have disappeared from the market this year alone. Alex Zanutto, CEO and Co-Founder of FunderPro,...
This is exactly why we need Darwinex and Darwinex will thrive.
The model we are accustomed to has run it's course. These firms are failing as quickly as they pop up.
  • #40,608
  • Edited 7:50am Aug 12, 2024 7:18am | Edited 7:50am
Update data for Trade.com Challenges
Broker-backed prop firms

Only one has a pattern that is unlike typical broker-backed prop firms, clearly. The other nine still heavily carry the traditional prop firm aura, which means they are still run by people from the old industry. Fortunately, now, the profit payouts (if there is a profit) might have some guarantee.
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,609
  • Aug 12, 2024 7:50am Aug 12, 2024 7:50am
Quoting RoelsMajor
Update data for Trade.com Challenges Broker-backed prop firms {image}
Why some one prefers Darwinex over Hantec trader ?

The profit share of hantec is better ?
Intraday only.
  • #40,610
  • Aug 12, 2024 7:59am Aug 12, 2024 7:59am
Quoting navk
{quote} Why some one prefers Darwinex over Hantec trader ? The profit share of hantec is better ?
It might be due to different game rules. In Darwinex, we go crazy just because we're busy protesting the crazy risk engine and profit adjustments after calibration. In other firms, there are a thousand other reasons.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #40,611
  • Aug 12, 2024 8:04am Aug 12, 2024 8:04am
Quoting RoelsMajor
{quote} It might be due to different game rules. In Darwinex, we go crazy just because we're busy protesting the crazy risk engine and profit adjustments after calibration. In other firms, there are a thousand other reasons.
I'm just going to call it what it is from now on.......real vs. bullshit. Aligned goals vs. conflict of interest. Wishing you success vs. hoping you fail. I could go on and on, but I'm not going to.
Maybe I'm just bitter as a US trader, I cannot use these firms anymore.
From what I see and read on a daily basis, though, pretty sure I wouldn't want to.
  • #40,612
  • Aug 12, 2024 8:13am Aug 12, 2024 8:13am
Quoting pipmaster77
{quote} I'm just going to call it what it is from now on.......real vs. bullshit. Aligned goals vs. conflict of interest. Wishing you success vs. hoping you fail. I could go on and on, but I'm not going to. Maybe I'm just bitter as a US trader, I cannot use these firms anymore. From what I see and read on a daily basis, though, pretty sure I wouldn't want to.
FXIFY banned mt4/5 license today for US clients

For other contries as of now no ban
Intraday only.
  • #40,613
  • Aug 12, 2024 8:19am Aug 12, 2024 8:19am
Quoting navk
{quote} FXIFY banned mt4/5 license today for US clients For other contries as of now no ban
It will catch up Usually it starts with US than canada and than Europe...
Look at history.....Dodd frank, leverage, binary options, prop firms etc........
  • #40,614
  • Aug 12, 2024 8:22am Aug 12, 2024 8:22am
Quoting sampat
{quote} It will catch up Usually it starts with US than canada and than Europe... Look at history.....Dodd frank, leverage, binary options, prop firms etc........
I will totally signup with FXIFY Futures if they ever come through. They have a good reputation.
Drawdown is more important than Account Size !
  • #40,615
  • Aug 12, 2024 8:26am Aug 12, 2024 8:26am
Quoting navk
{quote} FXIFY banned mt4/5 license today for US clients For other contries as of now no ban
The regulators don't like prop firms
Metatrader doesn't like prop firms
Brokers don't like prop firms
Too many powerful groups don't like prop firms....it is inevitable.
I am going to milk the futures firms as much as I can while I still can.
In the meantime, doing things to set myself up for the long term.......Darwinex and personal account.
  • #40,616
  • Aug 12, 2024 8:26am Aug 12, 2024 8:26am
Quoting procrude
{quote} I will totally signup with FXIFY Futures if they ever come through. They have a good reputation.
Not sure why?
Do they have better reputation than Topstep, Bulenox, Takeprofit trader, APEX? With these firms one can have 41 accounts total
  • #40,617
  • Aug 12, 2024 8:27am Aug 12, 2024 8:27am
Quoting sampat
{quote} It will catch up Usually it starts with US than canada and than Europe... Look at history.....Dodd frank, leverage, binary options, prop firms etc........
US clients ban has been there for quite some time.

For other country nationals, it may not be... or slow.

Yes, usually, they do to USA clients first.

Dunno why
Intraday only.
  • #40,618
  • Aug 12, 2024 8:29am Aug 12, 2024 8:29am
Quoting sampat
{quote} Not sure why? Do they have better reputation than Topstep, Bulenox, Takeprofit trader, APEX? With these firms one can have 41 accounts total
US clients are moved to DXtrader platform according to FXIFY
Intraday only.
  • #40,619
  • Aug 12, 2024 8:31am Aug 12, 2024 8:31am
Quoting navk
{quote} US clients ban has been there for quite some time. For other country nationals, it may not be... or slow. Yes, usually, they do to USA clients first. Dunno why
Because thats where cream comes due to regulations. US and Canadian prefers prop firms because regulated brokers are scammers here. For Europe and Asia there are plenty of good brokers with high leverage so it will be less useful for them.
  • #40,620
  • Edited 10:06am Aug 12, 2024 9:21am | Edited 10:06am
Quoting TrAndy1
The new Karma prop is gone. It seems there are too many profitable traders on the table on any prop. I do not think that 80% or more of traders are just cheating. {image} https://www.financemagnates.com/fore...uidity-issues/ According to FunderPro, more than 50 proprietary trading firms might have disappeared from the market this year alone. Alex Zanutto, CEO and Co-Founder of FunderPro,...
Another kid barely out of diapers who had no idea what he was doing. Nothing to see here.
Pride always comes before destruction.... -Proverbs 16:18
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