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  • #40,741
  • Aug 15, 2024 3:28pm Aug 15, 2024 3:28pm
Quoting Expo33
Saw this in the Commercial section. Zero fee prop firm. Clarity Funding https://www.forexfactory.com/thread/...fees-prop-firm
I'm sure it's something marvelous because the only guy I have in my ignore list (an idiot that once came here spamming and provoking everyone) is saying wonderful things about it (and they haven't launched their site yet).
  • #40,742
  • Aug 15, 2024 3:35pm Aug 15, 2024 3:35pm
Quoting 21vs7
Any direct experiance in payouts for City Traders Imperium?
Long time ago. I can't remember exact details but I have some vague ideia that it was slow to get the payout details working, it was not smooth and they support was not very fast.

Anyway, I've blown that account long time ago with just 1 or 2 payouts. I didn't like what they did before the funded stage and never went back.
https://www.forexfactory.com/thread/...9#post14634969
  • #40,743
  • Aug 15, 2024 3:37pm Aug 15, 2024 3:37pm
Quoting FX MiG
Hi all! Anyone have some experience with FundedNext? Are they legit and worth of consideration? Thank you!
Keep your payouts low, like 2 or 3K and not big lots or news trading and you will be fine.
Make sure you read their rules about IPs to avoid trouble.
  • #40,744
  • Aug 15, 2024 3:39pm Aug 15, 2024 3:39pm
Quoting kalastaja
{quote} is there any reason why you could not do similar in traditional prop?
In Darwin you have to build the track slowly and steady. By that time some of the props you've chosen don't exist any more.
That's one of the downsides of most of the props. You need to milk them fast (which means taking much more risk than in Darwin).
  • #40,745
  • Aug 15, 2024 3:41pm Aug 15, 2024 3:41pm
Quoting Capablanca
{quote} Keep your payouts low, like 2 or 3K and not big lots or news trading and you will be fine. Make sure you read their rules about IPs to avoid trouble.
...and to mention they have big problems with their dashboard when you are funded, funnily enough, because then it counts, and the daily DD never resets on a new day for you. So it is just a matter of time you get problems and a false breach and then the mess with support is starting. Good night. I took me over 1 week and 10 mails to get this stupidity solved. It is kind of scam trick to slow down any funded trader at FundedNext, I would avoid them. Surely I will never touch them again.
  • #40,746
  • Aug 15, 2024 3:44pm Aug 15, 2024 3:44pm
Quoting Takisd
{quote} yes there is a place for all of these companies i think, the question is size scale and offering. There are a few main points in retail prop i think needs to change and I have hinted i think a bit. It needs to return to 30 day payout OR have a minimum trade (a real trade not a 0.01) requirement to feed data driven systems. Payout split should not go above 80%. Phases should not be passable in a single trade. News trading goes away entirely. Martingale and grid type systems go away. Risk caps on position size. If this are the rules then the...
If the model is still based in paying the winners with the money from the losers, these kind of rules will shove away gamblers that want a quick rich scheme.

Without them I'm not sure if the industry will survive. The problem nowadays seems to be that gamblers became smarter, learned to count cards, blackjack is still the same and they have a good hedge over props.

I don't see how this can change significantly, even with those proposed rules (because in my opinion you are devising rules based in actual data but data will also change with the new rules - maybe gambler will even adapt to them).
  • #40,747
  • Aug 15, 2024 3:52pm Aug 15, 2024 3:52pm
Quoting Capablanca
{quote} If the model is still based in paying the winners with the money from the losers, these kind of rules will shove away gamblers that want a quick rich scheme. Without them I'm not sure if the industry will survive. The problem nowadays seems to be that gamblers became smarter, learned to count cards, blackjack is still the same and they have a good hedge over props. I don't see how this can change significantly, even with those proposed rules (because in my opinion you are devising rules based in actual data but data will also change with...

I think that so long as the rules shape trading the chance to no longer have to b book the world is there but some of the people i have had recent conversations with are far smarter than me and they will solve this puzzle i think
  • #40,748
  • Aug 15, 2024 4:09pm Aug 15, 2024 4:09pm
Quoting Capablanca
{quote} If the model is still based in paying the winners with the money from the losers, these kind of rules will shove away gamblers that want a quick rich scheme. Without them I'm not sure if the industry will survive. The problem nowadays seems to be that gamblers became smarter, learned to count cards, blackjack is still the same and they have a good hedge over props. I don't see how this can change significantly, even with those proposed rules (because in my opinion you are devising rules based in actual data but data will also change with...
The advantage for a profitable trader to trade on a prop versus personal broker is around 60% to 120% in favor to the prop. So you can make more profits on a prop. But only in a PERFECT world. When you need to fear on your payout. You consider the rules with the changes over time. You need to contact support, stay in touch with discord and other announcements all the time for new rules etc. And then you need to wait a week or a few weeks to get the payout and you need to wait for trading (fearing to give profits back in a payout cycle and then have no payout in the end, because you traded without any interruption, if possible). Then those advantage in money vanish at all in my eyes. It is not worth all the efforts you need to have with a prop firm and the patience there. Personal broker trading is easiest and who says you cannot have your own rules in your own mind to copy any prop firm. You are totally free here. Prop firm trading nowadays is ONLY A MUST FOR GAMBLERS, so called card counters, who play foul to any prop, and want their money from other traders who are honest and loosing. It will get more and more difficult in this space.
  • #40,749
  • Aug 15, 2024 4:16pm Aug 15, 2024 4:16pm
To make an example. If I trade on a good and cheap prop firm, where my advantage is around 100%. So it means when I make 10k on a personal broker I can make 20k on a prop firm. Now you followed all the rules and they payout for sure. Now you need to wait a few weeks until you can trade again on your prop account. This 100% advantage is now 0%, ZERO, because of the huge payout delay, because in that time you can trade of course on your personal broker account and scale up there.
  • #40,750
  • Aug 15, 2024 7:32pm Aug 15, 2024 7:32pm
New prop firm for futures... kinda expensive but no eval, its direct funding

https://www.fasttracktrading.net/

https://x.com/FastTrackTrades

Inserted Video
Drawdown is more important than Account Size !
  • #40,751
  • Aug 15, 2024 7:33pm Aug 15, 2024 7:33pm
Quoting montygoldy
ALSO RECEIVED THE NOTIFICATION APEX PAID. THIS TIME 4 DAYS FASTER LOL
Is your payout with the international option via Plane. How 's the process go cos I received an email to wait for Plane account to be set up.
  • #40,752
  • Aug 15, 2024 7:48pm Aug 15, 2024 7:48pm
Quoting failinforex
{quote} Is your payout with the international option via Plane. How 's the process go cos I received an email to wait for Plane account to be set up.
Yep you'll get invitation from APex after approval like 3-4 days after.....THen fill in the details in PLane and done.. Once plane receives money they automatically transfer to your bank account in like 1-2 days.
Extreme gut feeling trader
  • #40,753
  • Aug 15, 2024 7:58pm Aug 15, 2024 7:58pm
Quoting procrude
New prop firm for futures... kinda expensive but no eval, its direct funding https://www.fasttracktrading.net/ https://x.com/FastTrackTrades https://www.youtube.com/watch?v=4oAw4Yv4_sM
I have nothing against them..... But certain red flags for me....
1. THey running thousands of dollars business but cant even get a .com domain...
2. Their Ceo has written Scam all over his face like running pyramid scheme..... he is giving interviews to a random trader (god damn trading no promotion).
3. Same forex prop firms style website like prop lions, cheetah, dragons, racer etc. He doesn't have a proper ecommerce for website like who uses a checkout system for financial products... Using 10$ website theme.
4. Not many big youtube future traders using it.
5. Better to stick top 4 which can keep you occupied peace of mind payouts......

For smaller payouts maybe alright for now but big payouts there is BIG IF
Extreme gut feeling trader
  • #40,754
  • Edited 8:46pm Aug 15, 2024 8:10pm | Edited 8:46pm
Any one trading gold...all my confluences screaming its bullish. Entered long a bit shitty entry at 2495.6 could have been better. Aiming for a 2502 or above.... Lets see sl improved.... Gonna hold this one longer that asian... Only trade for today either loss or tp.....
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Extreme gut feeling trader
  • #40,755
  • Aug 15, 2024 8:10pm Aug 15, 2024 8:10pm
Quoting montygoldy
{quote} I have nothing against them..... But certain red flags for me.... 1. THey running thousands of dollars business but cant even get a .com domain... 2. Their Ceo has written Scam all over his face like running pyramid scheme..... he is giving interviews to a random trader (god damn trading no promotion). 3. Same forex prop firms style website like prop lions, cheetah, dragons, racer etc. He doesn't have a proper ecommerce for website like who uses a checkout system for financial products... Using 10$ website theme. 4. Not many big youtube...
I have same thoughts on them.
Drawdown is more important than Account Size !
  • #40,756
  • Aug 15, 2024 8:24pm Aug 15, 2024 8:24pm
Quoting montygoldy
{quote} I have nothing against them..... But certain red flags for me.... 1. THey running thousands of dollars business but cant even get a .com domain... 2. Their Ceo has written Scam all over his face like running pyramid scheme..... he is giving interviews to a random trader (god damn trading no promotion). 3. Same forex prop firms style website like prop lions, cheetah, dragons, racer etc. He doesn't have a proper ecommerce for website like who uses a checkout system for financial products... Using 10$ website theme. 4. Not many big youtube...
All prop firms including APEX is the pyramid scheme . They pay or not pay depends on new signups....With APEX denials and no clear black and white rule like Bulenox or Topstep traders are looking for alternatives. Also they are not cheap like 50K is costing 449$ with 30% standard discount it comes around 315$.
Lets say if a traders passing rate on apex is 25-30% so he will spend 35*4=140$ (YOLO trades 4 times or hedge buy and sell NQ 10 contracts for 61 ticks).
So total is 140$ + 140$ = 280$ so still instant funding is expensive and they have 20% consistency rule...
Actually they are smart they don't accept credit cards so traders can't do charge back.
  • #40,757
  • Edited 8:57pm Aug 15, 2024 8:45pm | Edited 8:57pm
Quoting sampat
{quote} All prop firms including APEX is the pyramid scheme . They pay or not pay depends on new signups....With APEX denials and no clear black and white rule like Bulenox or Topstep traders are looking for alternatives. Also they are not cheap like 50K is costing 449$ with 30% standard discount it comes around 315$. Lets say if a traders passing rate on apex is 25-30% so he will spend 35*4=140$ (YOLO trades 4 times or hedge buy and sell NQ 10 contracts for 61 ticks). So total is 140$ + 140$ = 280$ so still instant funding is expensive and...
I am not a apex fanboy but i like one thing about them....There is a peace of mind for payout no matter the size......No matter how many times you get big payouts...If you have withdrawn too much from a firm you immediately get kicked out but not here.... I have crossed 50k++ payout no issues at all. For me their rules are clear no DCA and r:R under 3:1 thats it (btw i use mental stops so its alright if the r:r is under check). I follow it get the payout approved everytime no matter size... Tonight i'll be requesting 33k bag....... So in short for big PAPA payouts which i aim for apex and topstep the best..... Plus as you can see i post by everyday profits and entries to show this the way to get payouts. I learnt the trick and showing others....
Plus i am still waiting to find a trader who got denied after following all rules not like forex props for denying coz i was risking 1%-1.5% per trade thats too risky... (you might be thinking i might be gambling but i dont do dca not even before the rule, nevere hedge or martingale. SImply open a single trade with sl and tp. it happened coz i requested 35K payout from a 200k account in first payout all documented in this thread)
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Extreme gut feeling trader
  • #40,758
  • Aug 15, 2024 9:11pm Aug 15, 2024 9:11pm
Quoting montygoldy
{quote} I am not a apex fanboy but i like one thing about them....There is a peace of mind for payout no matter the size......No matter how many times you get big payouts...If you have withdrawn too much from a firm you immediately get kicked out but not here.... I have crossed 50k++ payout no issues at all. For me their rules are clear no DCA and r:R under 3:1 thats it (btw i use mental stops so its alright if the r:r is under check). I follow it get the payout approved everytime no matter size... Tonight i'll be requesting 33k bag....... So in...
Well stated. Even the whiney programmer got paid out.
https://nexusfi.com/showthread.php?t...488#post902488

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Trade with confidence, trade without fear.
  • #40,759
  • Aug 15, 2024 9:26pm Aug 15, 2024 9:26pm
Quoting procrude
New prop firm for futures... kinda expensive but no eval, its direct funding https://www.fasttracktrading.net/ https://x.com/FastTrackTrades https://www.youtube.com/watch?v=4oAw4Yv4_sM
In addition to what Monty has said, their discord is a hot mess (announcements channel). The founder is having problems getting caught up with payments.

Reeks of a one man operation. One of his recent videos stated no Ninjatrader, Tradovate declined him.
Trade with confidence, trade without fear.
  • #40,760
  • Aug 15, 2024 9:46pm Aug 15, 2024 9:46pm
Quoting montygoldy
{quote} I learnt the trick and showing others....
As I look at your chart I believe we trade the same strategy. If they would just study those charts.

As for Evaluation account, there is a right time to buy them - when they are on offer 90% is the best.
There is a right time to enter the market for a possible home run. (camping if Gold 2550 - 25200)
And if MFFX give a good discount and reinstate refund I will glady go for it.
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