Prop Firm Hub

WTF is wrong with you, Tranny? Do these people pay you to post this crap here, or what?

Hahaha, you are pissed off when YT shows you how to make money guaranteed from prop firms. That is good. It shows on which side you are: On the payroll of props.

First, personal attack as usual from you. Second, you argue from the prop firm owner side. Because a guaranteed payout from a prop firm is welcomed from any trader.
But from the prop firm perspective I understand that every paycheck or payout is a loss to their business. So demonstrating how to get payouts from props, piss you off.

Regarding AXI select some comments (from others):

"One tipoff is that pretty much every firm out there —will not—
let you see the language of the funded agreement up front so you can evaluate whether it’s even worth the time , trouble and expense of trying to pass —-only to find out —after the fact— the fine print of the funded agreement which 99.9% of the time has BS in it that if you knew about before taking the evaluation you wouldn’t have even bothered signing up.

In the end it’s all about “gotcha” rules that are intended to trip you up at some point and fail

Remember that (in the fine print -if you take the time to decipher what it really says and means) virtually all of these firms (especially the futures firms) are going to make you trade a “funded” account with your own profits (as your cushion) in your “funded account” and they no longer provide any funding and you have to pay them a percentage.

as soon as your intraday balance gets to where your cushion end (the cushion that you provided—not them) then you have failed."

....

"The accounts utilized for our services are demo accounts. WTF
Further
Axi’s hedge counterparties at the time of publication are:

 

1. AXICORP PTE. LTD.

Clients are indirectly exposed to counterparty risks notwithstanding these protections and should review the disclosures in the risk warning section of Axi’s Product Disclosure Statement."
....

"as far as axi select goes, they’ve been transparent with me, but yeah, I agree that in the broader market, there are a lot of shady prop firms with hidden fees and conflicts of interest"

"...trading on prop challenges are not the end game...fund your personal accounts from prop gains."

Holy shit buckets, you actually posted something worthwhile.

This video is insightful and a big fat mea culpa from one of the APEX founders. He mentions how there's a push from CME and regulators to clamp down on sim only trading. All these sim only firms are not going to be around in the next year. Pushing people to live market will be the only option, as it should be.

Pushing to live market will make props lose tons of money so they should be scared.

This is the correct response. The math does not math.

He (conveniently) forgot to mention that doing this:
1. People may be end up losing in the broker account and then having a payout denied (which means losing twice)
2. People may have having funded accounts denied, wasting the money used in hedging
3. Being banned from purchasing more challenge
Props should smell these guys easily because it's people that need to pass or fail very quickly to avoid being eaten by slippage and commission in a lot of days/trades

Besides, all this is not applicable to trailing DD, which I don't think can be beaten by anything like this.

You are right, as long as the prop firm does not start to cheat you, any hedging strat can be done only. That is the basic assumption of all, because without hedging you ALSO would not buy such challenges from those props. But you are right, that hedging makes it more costly. It is a trade-off in those cases. But the best is, it works on any prop including 5ers and FTMO and they do payouts. Second it also works on trailing but you need to modify the hedging strat.

Next, beware on FTT they have now around ca. 20% negative 1 star reviews in the last 30 days from Trustpilot. They are many complaints about payout delays.
Better not to buy any challenges from Fasttrack now, until the dust settles. Many are waiting months for payouts including small ones. It reminds me on Funded Peaks.

@Fasttracktrading

"Scam. I've been waiting for my payout for a month. After sending emails with no response, they removed my PA account. I can’t see it in Rithmic or the dashboard, and they continue to ignore my emails."

"the situation is crazy with this company, they had massive delays with payouts. the CEO promised he will catch up but since few days he stopped payouts.
thousands of traders are waiting for weeks some more than 7 weeks. the amounts due is in millions of dollars.
people are begging to be paid and if you complain they ban you and kick you out from the group
the situation is insane with this company.
the CEO was supposed to give an update today (Friday) but he cancelled the meeting
DON'T COME STOP SPENDING MONEY"

"FTT is on some sketchy crap...Almost a MONTH of trading has gone down the drain because of "rithmic" issues on the day they FINALLY approved my little baby payout of $1,500??? I requested payout on 09/17 and it got approved last night 10/02. Ghost orders and supposed time outs and freezing that makes you think your orders didn't go through so you try again...then come to find out you ended up DOUBLING up on orders so it looks like it's your fault. I tried to get out but it wouldn't let me. I have screenshots of everything and two recordings........."

"They don't pay. Scam.
Been waiting my payout for almost 2 months.
They said they are busy. What a joke.
They reply email 1 week later.
Read the bad reviews."

"Honestly just stay away from thsi company it’s horrible and a complete mess. DONT WASTE YOUR TIME AND MONEY

1- They don’t pay the traders, they are far behind schedule we are waiting for more than 5 weeks and we have no idea if we will be paid and when. They are hundreds of traders waiting
2- They have regular issues with the only platform they offer. Today they admitted there was a huge issue that impacted everyone, I LOST all of my accounts today because of it. and they refuse to fix it or reset them. this unbelievable weeks of hard work just gone
3- The staff are rude especially the CEO if you dare ask for about your payout or any technical issue they will insult you and ban you

Just go to their discord and see it’s a complete mess DONT COME this is a disgrace they made our lives horrible I wish I didn’t put money with them"

"Do not buy from this company, it is a scam. Although it did not seem very reliable, due to the price I bought an account, I have been waiting for 6 days and they do not respond to my emails, I am desperate, I have sent 3 emails and nothing, my money is not there but neither is my account. Be careful, sometimes cheap is expensive. It is sad that they take advantage of people like this. Greetings"

"The Daytona account has a buffer balance of $2,500, and when I made profits of over $1,600 on the first day across all five accounts, they updated the auto-liquidation value based on those profits. While this is understandable for end-of-day trailing, they later removed the profits. This feels like theft.

When I opened a ticket, they never replied to address the increased liquidation value, which seemed designed to blow up accounts with lower buffers. When I raised this issue in their Discord channel, they were rude and muted those who brought up service problems, rather than responding professionally. When I asked for help with other issues, such as fixing my account address, they were able to make that change but never addressed the issues related to my account balance. Once they took your profits, they had no intention of returning them. Their ticketing system is strange; they ask people not to reply to tickets, claiming it will bury the ticket under new ones—something that never happens in the HubSpot ticketing system. It seems like all of this is just an excuse to delay addressing real issues as they wait for accounts to blow up.

You can see the stress from traders in their support ticket channel; it’s palpable, with many expressing frustration over poor and rude service. Traders at FTT have to deal with service and account issues more than at any other prop firm I've worked with.

They are offering promotions, seemingly just waiting for more lambs to be slaughtered. So, if you’re okay with having your account profits stolen, experiencing poor customer service, encountering delays, and dealing with a stressful environment, then this is the service where you’ll turn your hard-earned money into losses."

"DO NOT BUY NEW ACCOUNTS THEY ARE 40 DAYS BEHIND PAYMENTS AND THEY ARE CONTINUING TO FIND EXCUSES TO DELAY THEM, THEY HAVE TO WAIT FOR THE MONEY FROM NEW CUSTOMERS THIS IS A PURE PONZI SCHEME, THEY ARE FACING BIG LIQUIDITY PROBLEMS, THEY LOSE CREDIBILITY EVERY DAY THAT PASSES AND THEIR CEO BOASTS ABOUT HAVING BEEN ARRESTED MULTIPLE TIMES, HE IS A CHAMPION OF RUDENESS AND ARROGANCE, I DO NOT WANT TO BE PART OF THIS PONZI CIRCUS ANYMORE

I am having a terrible experience with fastrack I was dazzled by favorable trading conditions and discounts, soft rules but in reality I will have to wait 2 months for the money since Scott has now brought up the excuse of the rithmic resets to ask his traders to trade additional days, the next step will be video verification

after approval you have to wait 20 days for the money to be credited to you, so before 40 days you will not be able to see your profits"

"Absolutely frustrating experience.
Waiting for payments for more than 3 weeks, because they had to restore hundreds of accounts due to problems with the servers they offer to operate rithmic, which honestly have nothing to do with payments, you ask for info and nothing is answered, long payment procedure and without any confirmation, STAY AWAY FROM THESE PEOPLE.
NON-EXISTENT ASSISTANCE. I don't care about their problems, you offer a service and therefore the service must be given a POINT."

"They refuse to pay. It's a joke—you have to request a payout by email, which I did, but they don’t reply. It's been over a month. They’re just a scam.

I was denied by Rise and received a message from FTT: 'Your payout goes to the bottom of the pile. You will be ID-verified, in person, on video by a member of my team, if not by me personally. You will be required to provide ID, proof of residency, and verifiable contact information. If you come up with any excuse for not providing this, you forfeit your payout and your overall affiliation with FTT.'"

"Coming out with new rules like flipping, super delay on pay outs, denying out pay outs, scott called a customer the N word, and doxxed the wrong customer; which he shouldn't dox customer's information out period..."

"Payments are delayed by weeks, and it’s getting worse.
If you dare to ask when and if your payout will get sent their CEO goes on a rant saying we will delay a few extra month and I should get it by Easter.
Scott promises the world and doesn’t deliver any of it.

He promised to get massive payouts out to the customers, cause he “loves to pay out his customers”, but again nothing happened. Just worthless words. He is a blender. Customers keep asking when the next payout batch will happen, customer support doesn’t have any answers. If too many people ask or complain Scott shuts them down by yelling at them, intimidating them and some get even banned from his discord.

The reality is you will have to wait at least 2 weeks (closer to 3 actually) to get approved, plus another 2 weeks or more to get the funds sent out."

"CAVEAT EMPTOR - CEO is a racist. This is a ponzi. CEO asked people to leave a a 5 star review to extend their promotional sale. I'm pretty sure this is not legal or ethical. Look up his voice recording on YouTube from his discord. He didn't even apologize for saying the N word and now deleted his voice note from discord. Shady business going on here. If you leave a bad review or say something he doesn't like you get pushed to the back of the line for payouts. You've been warned. Top Step is #1. Don't lose your money with these clowns."


................and many more complaints.

so, hedging as described in the vid is how you pass your challenges?

-Best wishes to you, Takisd. I hope that all goes well with your surgeries.

Regarding your experiments, will you be trading with any Futures props?

-Gotta get that money flowing into their pockets.

-I think, this may depend on how they go about it. If having just 1 or 2 traders briefly go live in a given year is enough to counter any claims against them, then it may not matter much. There is also the matter of where the funding will actually come from.

-If the rumors are true about Apex requiring traders to fund their live accounts with their own profits, then the math may not matter. I tried asking about this, but they did not seem very willing to share any information about it. One would think that Apex would provide some, if not all, of the capital, but that may not be the case if they are simply using it as a way to selectively push traders out.

Yep spending around 3-5K for hedge is like no use. I rather yolo 4-6 times and pass.
Prop firm will love these hedging technique as there will be constant flow of money in fees and deny when you make money in funded account.
Might be a good technique 2 years back when industry was booming but now it is risky.

It is expensive hedging with no guarantee to get payout as prop firm can still deny payouts.

Dont email fasttracktrading for payouts. They will get annoyed. If you don't want to trade with them go to their discord and ask for money.....They might pay you early and ban you...I have seen couple people tried that in discord and they were successful.

Anybody trading on Axiselect?

If the client places a trade to buy 0.1 lots of xau, we will purchase 1 lot of xau in the allocation account.

I just realized there is a minimum lot size of .1 to trade in the allocation account.
There is no chance of finding a .01-.09 trade in the allocation account.

One might argue .01 is too small for a 5K account ($500 own funds=5K allocation).
But you know....I like that decision left up to me.

You would have to trade .1 and above in the allocation account. Mandatory.

There are strategies even in a 5K account that require .01
There are strategies that 'sample the market' with .01 to gauge the mood of the market
There scaling in strategies that may need lot sizes smaller than .1 in a 5K account

And yes, there are strategies that you can play in a 5K account that you can't play in a $500 account.

Well, crap.
Axiselect demands it's own strategy.
One that can be played in a $500 account only.

The relationship between a $500 account and a 5K account isn't 1:1 when it comes to strategies.


As a comparison, I could trade a 10K account at FTMO (min acct size offered) with much more strategies open to me than at Axiselect.
Only because one doesn't trade a $500 account like 5K.
You could.


I guess I'd have to deposit 10K to get allocated 100K and only then the .1 trade size would work the same way that a .01 would work in a 10K account.

There you go, minimum 10K entry barrier if I want to trade my account at Axiselect in the same manner I am trading at FTMO.

I guess you get what you pay for.
Now Darwin's sub fee seems very reasonable.
I'm humbled!

Trustpilot rating of 1.0 is the worst, and 5.0 is the best. So if the average is only 2.51, it means it's better than the average of 2.50. Asymmetric. What really matters isn't the rating itself, but rather which value appears most frequently, alltime.

PIC 1: Scales Theory
PIC 2: Empirical Distribution (some cases of weight lifting)
PIC 3: Darwin Silver Empirical Distribution of Monthly Rating (include returns)