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  • #43,961
  • Oct 29, 2024 10:41am Oct 29, 2024 10:41am
Quoting Capablanca
By the way, for those interested, I received yesterday the payout from Fintokei. Approval took about 8 hours and I could go back to trading after approval. Bank wire came today, as well as the fee refund. I noticed, though, that they charged about 15 USD for the transfer. I'm not going to complain about that but I think it's a rip off (cheaper, though, than crypto which is way more expensive).
Good Info, thanks, decided to try broker baked and this one suited me the most. Maxed out FTMO, 5ers and Darwinex (think 5 is max for a while now) so need to reinvest somewhere. Takisd picked Maven which I just cannot when reading FAQ. Fintokei is on border somewhere....let's see.
PVSRA
  • #43,962
  • Oct 29, 2024 10:59am Oct 29, 2024 10:59am
Quoting Fisher755
{quote} Good Info, thanks, decided to try broker baked and this one suited me the most. Maxed out FTMO, 5ers and Darwinex (think 5 is max for a while now) so need to reinvest somewhere. Takisd picked Maven which I just cannot when reading FAQ. Fintokei is on border somewhere....let's see.
Can one buy 2 200K accounts with FTMO and copy trade between them so that the exact same trades are made in each account ?
do you notice much slippage when trading like 3 million in the EUR/USD ?
  • #43,963
  • Oct 29, 2024 11:28am Oct 29, 2024 11:28am
Quoting Stoneyrocks
{quote} Can one buy 2 200K accounts with FTMO and copy trade between them so that the exact same trades are made in each account ? do you notice much slippage when trading like 3 million in the EUR/USD ?
oh yes.

copy trading allowed
Intraday only.
  • #43,964
  • Oct 29, 2024 11:40am Oct 29, 2024 11:40am
Quoting Capablanca
{quote} I never tested them but Quant Tekel is a red flag when they have this min duration rule. It's enough 1 single mistake out of 100 trades to fck up everything. And we are humans, we're not machines. Mistakes happen. For the All day, I avoid trading those instruments. Tomorrow with CPI Germany it's one of those days. No EURUSD, no EURGBP.... I play on the safe side. The no SL it depends on if the trader never had SL or just once. They...
yes, they are not worth it.. i got 8+ payouts from them - little by little but the rules and their organization is frankly shit. still have 2x live, but when that is gone, im not getting back in.
added 5%ters - first time. spreads are the best for now
thinking to buy blue also with 30% off, just need to reread their rules
  • #43,965
  • Oct 29, 2024 11:44am Oct 29, 2024 11:44am
Quoting Stoneyrocks
{quote} Can one buy 2 200K accounts with FTMO and copy trade between them so that the exact same trades are made in each account ? do you notice much slippage when trading like 3 million in the EUR/USD ?
ftmo has really bad spreads...and probably they hunt stops..last week i traded chfjpy and their spread went froom 2 to 4 when getting closer to SL. alpha, 5%res ascendfx ify have better spreads-same trade...fix spreads. it was interesting

rollover spread also..ftmo in my case the worst

ftmo execution...no slippage, but my lots are 1-7 depending on the pair...so 3mio is not my trading range
you can copy 2x200k yes..no rules with ftmo about that
  • #43,966
  • Edited 1:37pm Oct 29, 2024 12:53pm | Edited 1:37pm
Quoting 21vs7
{quote} ftmo has really bad spreads...and probably they hunt stops..last week i traded chfjpy and their spread went froom 2 to 4 when getting closer to SL. alpha, 5%res ascendfx ify have better spreads-same trade...fix spreads. it was interesting rollover spread also..ftmo in my case the worst ftmo execution...no slippage, but my lots are 1-7 depending on the pair...so 3mio is not my trading range you can copy 2x200k yes..no rules with ftmo about that
spreads for EUR/USD and GBP/USD on the home are typical like in the image ,

Dax has spread of 0.85 during London hours with no commission
and S&P 500 0.28 spread during NY hours with no commission

really not bad

and yes , spread of 5ers is the best I have seen

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  • #43,967
  • Oct 29, 2024 1:08pm Oct 29, 2024 1:08pm
Quoting Stoneyrocks
{quote} Can one buy 2 200K accounts with FTMO and copy trade between them so that the exact same trades are made in each account ? do you notice much slippage when trading like 3 million in the EUR/USD ?
I cannot say, I am a manual trader. But don't see why not. Trading conditions are ok . I have no issues trading FTMO, been with them for 4 years. Never noticed much slippage , not even in the days when my scalps were pretty heavy.
PVSRA
  • #43,968
  • Oct 29, 2024 1:19pm Oct 29, 2024 1:19pm
Quoting Fisher755
{quote} Good Info, thanks, decided to try broker baked and this one suited me the most. Maxed out FTMO, 5ers and Darwinex (think 5 is max for a while now) so need to reinvest somewhere. Takisd picked Maven which I just cannot when reading FAQ. Fintokei is on border somewhere....let's see.
Something I don't know in Fintokei is if we have to wait another 14 days if we don't make the payout request. I hate when props have this (Alpha, for example).

I wonder why you don't like Maven ? It's one of my favorites right now and on payout speed it has been unbeatable (only MFFU seems to pay quicker then them, as per what I saw here). I can't remember anything unusual in their rules (though we may pay attention to different things, of course).
  • #43,969
  • Oct 29, 2024 1:21pm Oct 29, 2024 1:21pm
Quoting 21vs7
{quote} yes, they are not worth it.. i got 8+ payouts from them - little by little but the rules and their organization is frankly shit. still have 2x live, but when that is gone, im not getting back in. added 5%ters - first time. spreads are the best for now thinking to buy blue also with 30% off, just need to reread their rules
Unless they have changed anything recently, I have nothing unusual in my notes regarding Blue. Just the min 3 days with 0.5%, like 5ers. Their payouts have been from very fast (couple of hours) to 48 hours max (just once, if I remember well). Most of the times 24h at the most and they don't charge anything for crypto payouts, even is we chose ETH network.
  • #43,970
  • Edited 1:48pm Oct 29, 2024 1:34pm | Edited 1:48pm
Quoting Capablanca
{quote} Something I don't know in Fintokei is if we have to wait another 14 days if we don't make the payout request. I hate when props have this (Alpha, for example). I wonder why you don't like Maven ? It's one of my favorites right now and on payout speed it has been unbeatable (only MFFU seems to pay quicker then them, as per what I saw here). I can't remember anything unusual in their rules (though we may pay attention to different things, of course).
When I see IP adress rules my hair goes up. I am using 5 PCs and 3 mobile phones- mobiles also for internet backup from 2 different providers. Talking about Maven of course...then martingale rule- not that I use martingale, but I could open different sizes If I scalp and day trade, or hedge and scalp around the same time. Yes I have 20 other accounts to do that, but with so many terminals on 5 PCs accident can happen. There are also some vague scalping rules- holdning time...I need to focus on scalp not watch timer when I will/am permited to close.

I uderstand that props must make some rules to survive, but it would be nice if rules are realistic. I cannot trade fix lots fix stop fix target. I doubt anyone is long term profitable trading so every day. ADR and volatility changes- so should lot size and everything else with it. You know they are too much after you when there are too many unrealistic rules.

Edit:
If I remember correctly there is also location problem with Maven- Canada
PVSRA
  • #43,971
  • Oct 29, 2024 1:37pm Oct 29, 2024 1:37pm
Quoting Fisher755
{quote} I cannot say, I am a manual trader. But don't see why not. Trading conditions are ok . I have no issues trading FTMO, been with them for 4 years. Never noticed much slippage , not even in the days when my scalps were pretty heavy.
what you call heavy scalps ?
  • #43,972
  • Oct 29, 2024 1:41pm Oct 29, 2024 1:41pm
Quoting Stoneyrocks
{quote} what you call heavy scalps ?
NQ 200 lots.

Quoting Capablanca
{quote} Something I don't know in Fintokei is if we have to wait another 14 days if we don't make the payout request. I hate when props have this (Alpha, for example). I wonder why you don't like Maven ? It's one of my favorites right now and on payout speed it has been unbeatable (only MFFU seems to pay quicker then them, as per what I saw here). I can't remember anything unusual in their rules (though we may pay attention to different things, of course).
Looks like automatic..I am half way phase one- started yesterday, but will report back after withdrawal.
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PVSRA
  • #43,973
  • Oct 29, 2024 2:11pm Oct 29, 2024 2:11pm
Quoting Stoneyrocks
If you as a trader are soliciting for money from people in the street , yes , you require some form of licensing BUT the prop’s themselves are looking for people to trade their money , the other way around ,and that makes the big difference
-Better to not generalize and make blanket statements. The laws (and requirements) may vary, depending on country.
  • #43,974
  • Oct 29, 2024 3:24pm Oct 29, 2024 3:24pm
Quoting navk
{quote} With many firms to do evals and or funded, how do you manage all ? I remember cablej was saying once, that he trades maximum 2 to 3 accounts at a time, and then after making certain % profit, he moves to next firm.
When I was still on the FX prop side, I copied across all accounts using low risk with a mt4 copy trader ea. I was considering raising my risk and trading 20% of my accounts to +5% then moving to the next 20% group ect. before eventually doubling back to the 1st 20% group again. This would have achieved tons of 5 figure payouts flowing in throughout the month (6-10). However, by the time I was ready to put the plan into action... the shit hit the fan with the cftc.
  • #43,975
  • Oct 29, 2024 3:34pm Oct 29, 2024 3:34pm
Quoting Fisher755
{quote} Good Info, thanks, decided to try broker baked and this one suited me the most. Maxed out FTMO, 5ers and Darwinex (think 5 is max for a while now) so need to reinvest somewhere. Takisd picked Maven which I just cannot when reading FAQ. Fintokei is on border somewhere....let's see.
Cap also vouched for maven, what did you find that is problematic in the FAQ?
  • #43,976
  • Edited 9:44pm Oct 29, 2024 4:15pm | Edited 9:44pm
Alright Ladies and Gentlemen payout approved on TOPSTEP

12500$ - 2500x5accounts

One whole day for approval.

Now waiting to receive in WISE>>>


EDIT - 1 hour later received money in WISE...

Notes for international users using WISE ....

1. When requesting money from topstep use local currency for payout hassle free on WISE. (LOST 40$ in conversions and sending money on 10k)
2. For canadians Interac is possible on Local currency received payout. I accidently did for one of the accounts. (LOCAL CURRENCY TRANSACTION DIRECTLY RECEIVED IN MY BANK USIN INTERAC NO FEE DEDUCTIONS)
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Extreme gut feeling trader
  • #43,977
  • Oct 29, 2024 9:54pm Oct 29, 2024 9:54pm
Asian Session updates....

1. MFFU - (50kx3) - 1200$ up (done for the day. After yesterday DLL fiasco. Going slow no revenge trading. Same targets 300-400$ a day)
2. Topstep - (50kx5) - 750$ realized profit (1 dow position aiming for 400 bucks either my way for sl will be same amount).

No more EVALS For now.......

Will try 50kx20 APEX and 50kx7 tradeify on NFP FRIDAY (EVEN IF I PASS THEM ONLY NEXT PAYOUT WILL FUND THE ACTIVATION FEES)
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Extreme gut feeling trader
  • #43,978
  • Oct 30, 2024 1:14am Oct 30, 2024 1:14am
Hi everyone,

what is the most genuine prop firm you recommend for a trader who never used prop firm before ? I am looking at a modest beginning with couple of 25k accounts with static drawdowns and good trading conditions . Would not like to get into some shady firms where payout denials are rampant.

Thanks
  • #43,979
  • Oct 30, 2024 2:51am Oct 30, 2024 2:51am
Quoting CableJ
{quote} Cap also vouched for maven, what did you find that is problematic in the FAQ?
Answered 5 posts higher..
PVSRA
  • #43,980
  • Oct 30, 2024 5:18am Oct 30, 2024 5:18am
Quoting CableJ
{quote} Cap also vouched for maven, what did you find that is problematic in the FAQ?
That one is not a problem for me. In my notes about Maven I have written that they have a cap of 10K in a cycle of 2 payout (which for me is fine because I don't plan to go over that to keep myself under the radar) and if payout is above 5K, no trade can be more than 50%, which is also fine for me.
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