Prop Firm Hub | Page 2135 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #42,681
  • Sep 29, 2024 3:57pm Sep 29, 2024 3:57pm
Guys with tradovate is possible to create copy trade group between different props like copy from MFFutures to apex tradovate?
  • #42,682
  • Edited 4:38pm Sep 29, 2024 4:18pm | Edited 4:38pm
Quoting TraderTero
{quote} Most props get those kind of complaints. So far I have also received prompt payouts from them. Their numbers look actually quite good. With 150K accounts their sales should have been around 20M and with 2.5M going out every month it looks like being sustainable. Time will tell.
I am with you on FXIFY. So for no complaints.
I am yet to receive my first payout from them, as i just signed up with Rise. ( Last year, my payout on demand was so quick )
Intraday only.
  • #42,683
  • Sep 29, 2024 4:33pm Sep 29, 2024 4:33pm
Quoting Takisd
{quote} Why don't you try it again but be more sincere about your intentions and realistic about your goals. 1] You are here to make money 2] How do you do it and capture some market share? 3] What set up would people accept that also lessen the risk of your company not turning out like others? 4] Which prop firm should we let take the lead and copy them to be most effective? (FTMO is the answer to this question but drop the a-book crap). People don't give a crap about the A-book b-book discussion, its 2012 brokerage industry hogwash that worked...
Hi Takisd,

Thanks so much for your response. Your emphasis on sincerity is well noted.

At Afterprime, our focus has always been on building something that genuinely benefits traders. When it comes to a prop model, we’d only pursue it if we could find a way that’s transparent, sustainable, and truly aligned with what traders deserve. It has to be a win-win in an environment that not only allows winning traders but celebrates them.

Back in the GP days, we leaned heavily on PB cleared tier 1 bank pricing, transparency, and support. We might have overemphasised the b-book conversation, but it was a solid business. Avoiding b-booking allowed us to understand price generaiton and yield on flow better, which now lets us offer zero commissions on zero spreads—essentially, free trading without b-book risk. A b-book simply can’t match that, given their volatility. Let’s see if anyone else can match our offering.

There isn't a prop shop out there that could survive if every trader consistently won, and the same goes for B-books. With Afterprime, if every trader wins, we're perfectly fine because we don’t take on the risk against our clients. Apart from actual toxic flow which no LP touches. That's the kind of environment a prop model should have.

Now, the challenge when a trader wins a challenge and gets a “funded account” is either:

Option A. It's not real money, so there's no risk to the broker unless the trader profits. Payouts often come from fees earned through challenges or reduced profit splits. If the client loses, the prop firm hasn't lost anything.

Option B. If it's real money and the trades are sent to the market, the prop firm absorbs the real losses. The question is, how do you fund that sustainably?

Option C. A potential hybrid model, but we’re not interested in selectively managing who gets market exposure.

Yes, market making can generate yield on flow, but if we hand out a $50,000 real-money account to someone with a 5% stop, hitting that stopout means we’re out $2,500. And if they leverage up and the market gaps, it's even more than that.

If prop traders are okay with limited exposure on their funded accounts, I believe we could find a way to make this work. We're not interested in anything that isn’t genuinely fair and beneficial for all parties. There’s easy money in challenge fees, but profiting off traders has never been our ethos. We’re dedicated to a model that’s fair, transparent, and built to endure.

What I want is simple. Real funded accounts, 100% payout, limited exposure, straightforward rules that don't take advantage of anyone, and a system where everyone makes money. I'm here to learn and build it alongside you guys, just like I always have.

Chat soon

Jeremy
  • #42,684
  • Sep 29, 2024 5:19pm Sep 29, 2024 5:19pm
Oh man, I fear a trick from Ascendx now called Qant Tekel. They have frozen quotes now and it is not updating in their MT5. If intended or not I do not know they can say, anyone who traded, like me as I have not noticed that a few mins ago, they can say you traded on delayed quotes and then breach all the couple 100s of Traders, especially those on profits and funded. They just migrated funded accounts but not all, this account is not affected luckily by me, but if they breach every trader because of that issue, this is just typical on a prop firm, what else you can expect. It feels like a dirty trick with that. It cannot be, and the mod in discords are saying you cannot trade on weekend, when the Forex market already opened. They might have zero market knowledge or are totally ignorant. You can expect again the worst here...
  • #42,685
  • Sep 29, 2024 5:30pm Sep 29, 2024 5:30pm
That is another reason why I hate trading at a prop now. It became typical that there are always frequently technical issues, either on platform or dashboard etc. on a prop firm. Even Apex had this often and many other known props too. On Topstep and FTMO I do not know, not heard here, but any other just beware there might be issues and that ongoing over a meaningful time period where you need to make trading profits for a payout cycle. I mean concentrating on trading should be hard enough but no you get trading life even more difficult with prop firms. It is so bad. Again with Quant Tekel, you cannot buy challenges now, the migration does not work!
  • #42,686
  • Sep 29, 2024 6:19pm Sep 29, 2024 6:19pm
Quoting TrAndy1
That is another reason why I hate trading at a prop now. It became typical that there are always frequently technical issues, either on platform or dashboard etc. on a prop firm. Even Apex had this often and many other known props too. On Topstep and FTMO I do not know, not heard here, but any other just beware there might be issues and that ongoing over a meaningful time period where you need to make trading profits for a payout cycle. I mean concentrating on trading should be hard enough but no you get trading life even more difficult with prop...
Maybe try Purple Haze or Brown Sugar both are good. I've being using them for a long time.
  • #42,687
  • Sep 29, 2024 6:35pm Sep 29, 2024 6:35pm
Quoting failinforex
{quote} Maybe try Purple Haze or Brown Sugar both are good. I've being using them for a long time.
with all respect , NOTHING beats SexyPropper4life
  • #42,688
  • Edited 8:58pm Sep 29, 2024 8:29pm | Edited 8:58pm
Quoting montygoldy
{quote} I am wondering why bulenox not adding more platforms.... i mean all top firms have all the platforms available.... I asked their support few months back they said its in piepeline ........ Everyone knows tradovate increases the growth but its not easy to get.....
My understanding is that nobody new is getting Tradovate for at least 10 months after applying. Tradify must have been sitting waiting for quite some time for approval before launching.
  • #42,689
  • Edited 8:59pm Sep 29, 2024 8:44pm | Edited 8:59pm
Quoting TraderTero
{quote} Most props get those kind of complaints. So far I have also received prompt payouts from them. Their numbers look actually quite good. With 150K accounts their sales should have been around 20M and with 2.5M going out every month it looks like being sustainable. Time will tell.
Which is why those numbers are likely complete BS. Fxify has never been a top 10 prop by marketshare. Funded Next, FTMO, MFF, TFT & APEX were likely the only props large enough to cross 150K accounts.
  • #42,690
  • Edited 10:10pm Sep 29, 2024 8:51pm | Edited 10:10pm
FTT is still in 3 week payout delay hell.... but they recently migrated to Rise, JPM Chase & their own rithmic private servers, they purchased Fasttracktrading.com and supposedly credit card payments are coming this week. That being said... Tradovate was coming soon next week for the last 3 months.
  • #42,691
  • Sep 29, 2024 10:50pm Sep 29, 2024 10:50pm
Quoting CableJ
FTT is still in 3 week payout delay hell.... but they recently migrated to Rise, JPM Chase & their own rithmic private servers, they purchased Fasttracktrading.com and supposedly credit card payments are coming this week. That being said... Tradovate was coming soon next week for the last 3 months.
I wont invest a dime in them until they deliver what they say...too many empty promises.... i have seen exactly same thing with forex props specifically skilledfundedtrader before their collapse.....too many big promises.....
Extreme gut feeling trader
  • #42,692
  • Sep 29, 2024 10:56pm Sep 29, 2024 10:56pm
Quoting CableJ
{quote} My understanding is that nobody new is getting Tradovate for at least 10 months after applying. Tradify must have been sitting waiting for quite some time for approval before launching.
Nah i dont think so if you have everything in order you'll get it .... So many of those have tradovate like purdia capital, elitetraderfunding and even tic tic trader has tradovate which i thought they dont ....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-09-29 at 11.55.17 PM.png Size: 124 KB
Extreme gut feeling trader
  • #42,693
  • Sep 29, 2024 11:04pm Sep 29, 2024 11:04pm
Some Prop firm updates ....

1. Since september i have only been doing MFFutures challenges and today lost 50kx3 funded accounts...
2. After the loss purchased 150kx3 mffu as the setup was golden and passed the challenge in 1 trade.

So since september beginning i have spent 76$x6 (6 50k challenges to funded accounts lost all of them) = 456$ and 209x3 (3 150k challenged to funded CURRENT) = 627$... TOTAL - 1083$...

I'll keep on trying MFFU as they are cheap until i get a payout to fund further evals.... With 150k aiming for max payout 3600$x3...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-09-30 at 12.00.42 AM.png Size: 91 KB
Extreme gut feeling trader
  • #42,694
  • Sep 29, 2024 11:06pm Sep 29, 2024 11:06pm
Quoting Novazor
Guys with tradovate is possible to create copy trade group between different props like copy from MFFutures to apex tradovate?
Nope not possible....even bracket trades on copy trading accounts not there........
Extreme gut feeling trader
  • #42,695
  • Sep 30, 2024 1:46am Sep 30, 2024 1:46am
Anyone interested alpha-futures have a flash sale
till monday……
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2009.png Size: 434 KB
Extreme gut feeling trader
  • #42,696
  • Edited 2:11am Sep 30, 2024 1:48am | Edited 2:11am
Also if anyone wants to go with tradeify .. their growth 50k plan cost 80$ with 55% off and no activation fees same like mffu starter plan…… Just their payout policy kinda similar to apex.. Thinking of giving them a try coz cheap price + tradovate
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2024-09-30 at 2.49.03 AM.png Size: 16 KB
Click to Enlarge Name: Screenshot 2024-09-30 at 3.10.32 AM.png Size: 57 KB
Extreme gut feeling trader
  • #42,697
  • Sep 30, 2024 2:09am Sep 30, 2024 2:09am
Quoting Jemook
{quote} Hi Takisd, Thanks so much for your response. Your emphasis on sincerity is well noted. At Afterprime, our focus has always been on building something that genuinely benefits traders. When it comes to a prop model, we’d only pursue it if we could find a way that’s transparent, sustainable, and truly aligned with what traders deserve. It has to be a win-win in an environment that not only allows winning traders but celebrates them. Back in the GP days, we leaned heavily on PB cleared tier 1 bank pricing, transparency, and support. We might...
You will not be able to a-book the trades unless you have rules that are of no interest to the broader public. I do not know what type of tech you have inhouse that can manage risk - but you will need something quite advanced, usually something your tier1's would have or a large POP to effectively get enough alpha to at least cover some of the payouts whilst taking some hits to the chin. The speed in which prop traders lose is fast and heavy, the ticket sizes are significantly larger than retail brokerage traders.

If you want to take the a-book route, don't expect to be large. Your brokerage competitors who have the reputation of paying traders their withdrawals and having smooth conditions are already there and more are coming. Multiple props have "attempted" to be a-book only using GP as its broker in the past, all have failed. Their rules were difficult as well it simply didn't work.

My point of view is that unless you have some magic bullet, the a-book only dream likely will not be successful and retail traders are not "ready" for unfiltered pricing especially during volatility and rollover. This thread for months was about traders complaining during news and rollover about slippages. If they really knew how bad it can be they will just call you scam. Think NZ roll.
  • #42,698
  • Edited 2:37am Sep 30, 2024 2:22am | Edited 2:37am
Quoting montygoldy
{quote} Nah i dont think so if you have everything in order you'll get it .... So many of those have tradovate like purdia capital, elitetraderfunding and even tic tic trader has tradovate which i thought they dont .... {image}
Purdia, tick tick & elitetrader were all started way before the shit hit the fan with the CFTC taking out MFF & FX props lost their meta access... those 2 events caused the stampede to start futures firms. No one really cared about futures props before Aug 30th 2023.
  • #42,699
  • Sep 30, 2024 2:36am Sep 30, 2024 2:36am
Alright purchased a 50k growth tradeify..... lets see hiw it goes....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-09-30 at 3.35.49 AM.png Size: 23 KB
Extreme gut feeling trader
  • #42,700
  • Sep 30, 2024 4:01am Sep 30, 2024 4:01am
Quoting navk
{quote} yes, ir is hard. But once you know the tricks how to manage, it is possible
good luck for your tricks to manage it.
when forex prop firms will get shut down completely, only after that I will try to find those tricks in future with highest watermark drawdown like apex
my mind already exhausted in knowing the tricks just to beat the very basic static drawdown.
i will remain happy trading just live retail forex broker and forex prop firms.
live retail trading is the best. no rules. no drawdown. hold for life kind of trades.
can follow our trading strategy with full freedom.
all these props are restricting our freedom which is the real meaning of trading.
86 traders viewing now