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  • #44,801
  • Nov 29, 2024 5:10pm Nov 29, 2024 5:10pm
Quoting Stoneyrocks
{quote} you have some names ? The trusted giants FTMO, the5ers, etc…still safe ? only forex department or also futures ?
Matt from MFFU said there are some futures ones as well... the "obvious" ones he said.

For Forex the big ones seem fine, but the client acquisition is harder for newer companies now. Now much social media buzz as crypto is booming.
  • #44,802
  • Nov 29, 2024 5:14pm Nov 29, 2024 5:14pm
Quoting pipmaster77
{quote} Monty, perhaps I am not diving deep enough on their site, but other than consistency in live sim, what are the advantadges, if any, of starter plus? It actually has a lower overall DD, but no daily....does the no consistency in live simply mean you can get paid daily?
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Extreme gut feeling trader
  • #44,803
  • Nov 29, 2024 5:24pm Nov 29, 2024 5:24pm
Quoting Capablanca
Interesting. MFFx is only offering 100K accounts in CFDs, not 200K anymore. I remember he even had 300K accounts.
I think MFFx is using CFD as side business main focus is on futures. Their max allocation is 200K for 2 step challenge.
  • #44,804
  • Nov 29, 2024 5:25pm Nov 29, 2024 5:25pm
Quoting montygoldy
{quote} {image}
I feel somehow starter plan is best but with discount expert is also not bad as there are no rules and no cap on payout.
  • #44,805
  • Nov 29, 2024 6:09pm Nov 29, 2024 6:09pm
Are any of these prop firms "Standard" account or, are they all "Commission" type accounts? I'm looking for a standard account, no commission, yes, with wider spread. Thanks guys.
If you're not architecting, you're building someone else's plan.
  • #44,806
  • Nov 29, 2024 9:47pm Nov 29, 2024 9:47pm
Quoting sampat
{quote} I feel somehow starter plan is best but with discount expert is also not bad as there are no rules and no cap on payout.
i think its 2week payout cycle for those accounts..... But a little bigger targets with less drawdown during evals......

Think like what you'll be aiming for 2 payout cycle for expert or milestone plan on 50k on my personal self was max 2k(100% gain on 2k drawdown) payout per cycle so like 4k in a month ... where as if we go starter cheaper price and smaller target +bigger drawdown can easily capture 3 payouts within a 4 week which will be 3600$ as well so kinda same....I used this logic to go with starter plan as its easier to pass and get a payout out of it.....
Extreme gut feeling trader
  • #44,807
  • Nov 29, 2024 9:47pm Nov 29, 2024 9:47pm
Quoting Takisd
{quote} Matt from MFFU said there are some futures ones as well... the "obvious" ones he said. For Forex the big ones seem fine, but the client acquisition is harder for newer companies now. Now much social media buzz as crypto is booming.
what is the acceptable slippage in major forex pairs ?

During normal hours and news events ?
Intraday only.
  • #44,808
  • Nov 29, 2024 9:51pm Nov 29, 2024 9:51pm
Seems like alpha futures also balling with these kinda payouts.......
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  • #44,809
  • Nov 30, 2024 2:07am Nov 30, 2024 2:07am
Quoting navk
{quote} what is the acceptable slippage in major forex pairs ? During normal hours and news events ?
depends on the pair. EURUSD depth is much more than say gbp jpy. If normal hours and no news then .1 .2 is normal for 5 lot+ positions. For news can be up to 150 pips if thee announcement gaps institutionally
  • #44,810
  • Edited 4:13am Nov 30, 2024 3:37am | Edited 4:13am
Broker backed prop firm update:

Monaxa to Introduce Prop Trading Services
https://www.financemagnates.com/fore...ding-services/

Vantage Elite might be ending its prop firm venture
https://x.com/vantagemkts/status/1862089054843470028

As of this week, no broker-backed prop firm has offered a 1-step challenge with a 6% monthly target, and only a few provide static drawdown. However, many are offering significant discounts up to 30%.

Quote
https://x.com/BlueberryFunded
https://x.com/QuantTekel
https://x.com/ATFunded
https://x.com/fxifycom
https://elite.vantagemarkets.com/
https://x.com/IC_Funded
https://x.com/fintokei
https://x.com/MV_Funded
https://x.com/thinkcapitalcom
https://x.com/OANDAPropTrader
https://x.com/FinotiveFunding
https://x.com/HantecTrader
https://x.com/DarwinexZero
https://x.com/AtmosbyTaurex
https://challenges.trade.com/en/
https://x.com/FundedPropBX
https://x.com/TheForexFunder
https://x.com/nordicfunder
https://x.com/trading_cult
https://x.com/UltimateTrade10
https://x.com/SwayFunded
https://www.axi.com/int/funded-trader-program
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  • #44,811
  • Nov 30, 2024 3:50am Nov 30, 2024 3:50am
Quoting RoelsMajor
Broker backed prop firm update: Monaxa to Introduce Prop Trading Services https://www.financemagnates.com/fore...ding-services/ Vantage Elite might be ending its prop firm venture https://x.com/vantagemkts/status/1862089054843470028 As of this week, no broker-backed prop firm has offered a 1-step challenge with a 6% monthly target, and only a few provide static drawdown. However, many are offering significant discounts.
I dont think the 1 step challenge you are hoping is sustainable from all sides. If we get sustainability from props and good access at reasonable prices i think that finally the props will be a long term project that can be used with 10 years in mind and some trust will come back. The wild west period was very negative to the community as it was basically pump.fun but for businesses.
  • #44,812
  • Nov 30, 2024 7:38am Nov 30, 2024 7:38am
Quoting RoelsMajor
Broker backed prop firm update: Monaxa to Introduce Prop Trading Services https://www.financemagnates.com/fore...ding-services/ Vantage Elite might be ending its prop firm venture https://x.com/vantagemkts/status/1862089054843470028 As of this week, no broker-backed prop firm has offered a 1-step challenge with a 6% monthly target, and only a few provide static drawdown. However, many are offering significant discounts up to 30%. {quote}
Blueberry Funded: https://funded.blueberrymarkets.com/
Quant Tekel: https://quanttekel.com/
ATFunded: https://atfunded.com/
FXIFY: https://fxify.fxpig.com/
Vantage Markets Elite: https://elite.vantagemarkets.com/
IC Funded: https://icfunded.com/
Fintokei: https://www.fintokei.com/
MVFunded: https://mvfunded.com/
ThinkCapital: https://www.thinkcapital.com/
OANDA Prop Trader: https://proptrader.oanda.com/en/
Finotive Funding: https://finotivefunding.com/
Hantec Trader: https://hmarkets.com/
Darwinex Zero: https://www.darwinexzero.com/
Atmos by Taurex: https://atmos.tradetaurex.com/
Trade.com Challenges: https://challenges.trade.com/en/
Funded Prop BX: https://fundedpropbx.com/
The Forex Funder: https://theforexfunder.com/
Nordic Funder: https://nordicfunder.com/
Trading Cult: https://tradingcult.com/
Ultimate Traders: https://www.ultimatetraders.com/
Sway Funded: https://www.swayfunded.com/
Axi Funded Trader Program: https://www.axi.com/int/funded-trader-program
If you're not architecting, you're building someone else's plan.
  • #44,813
  • Nov 30, 2024 8:03am Nov 30, 2024 8:03am
Quoting RoelsMajor
Broker backed prop firm update: Monaxa to Introduce Prop Trading Services https://www.financemagnates.com/fore...ding-services/ Vantage Elite might be ending its prop firm venture https://x.com/vantagemkts/status/1862089054843470028 As of this week, no broker-backed prop firm has offered a 1-step challenge with a 6% monthly target, and only a few provide static drawdown. However, many are offering significant discounts up to 30%. {quote}
Vantage dont even allow majority of countries anyways
  • #44,814
  • Nov 30, 2024 8:25am Nov 30, 2024 8:25am
Quoting XMR
{quote} Blueberry Funded: https://funded.blueberrymarkets.com/ Quant Tekel: https://quanttekel.com/ ATFunded: https://atfunded.com/ FXIFY: https://fxify.fxpig.com/ Vantage Markets Elite: https://elite.vantagemarkets.com/ IC Funded: https://icfunded.com/ Fintokei: https://www.fintokei.com/ MVFunded: https://mvfunded.com/ ThinkCapital: https://www.thinkcapital.com/ OANDA Prop Trader: https://proptrader.oanda.com/en/ Finotive Funding: https://finotivefunding.com/...
There are some in that list who are not really broker. Quant tekel, MV, Finotive these are prop companies.

I think the broker backed notion should be only firms who were brokers first and have the broker infrastructure as stability mechanism
  • #44,815
  • Nov 30, 2024 9:29am Nov 30, 2024 9:29am
Any broker backed prop firms open to USA residents as of yet?
I have fully transitioned to futures, but just curious if forex will ever be a thing in the US again without using the shithole brokers offered here.
  • #44,816
  • Nov 30, 2024 9:38am Nov 30, 2024 9:38am
Quoting pipmaster77
Any broker backed prop firms open to USA residents as of yet? I have fully transitioned to futures, but just curious if forex will ever be a thing in the US again without using the shithole brokers offered here.
Thinkcapital is the only real one i think.

Because of vendor relationships i would not hold my breath for them.
  • #44,817
  • Nov 30, 2024 9:47am Nov 30, 2024 9:47am
Staying with futures is better as for as prop firm model is concerned.

FX trading is good, if you invest your own money, trade normally.
Intraday only.
  • #44,818
  • Nov 30, 2024 12:04pm Nov 30, 2024 12:04pm
Quoting Takisd
{quote} Thinkcapital is the only real one i think. Because of vendor relationships i would not hold my breath for them.
Is think capital really worth the try or they banning profitable traders?
  • #44,819
  • Nov 30, 2024 12:09pm Nov 30, 2024 12:09pm
Quoting Novazor
{quote} Is think capital really worth the try or they banning profitable traders?
I have a funded with them, no payout yet will see, my trading on fundeds dont seem to get flagged as its not aggressive.

I dont like the company from past things but the prop experience so far seems ok. what i dont like is that they now selling all their tech and such using prop account llc something very strange
  • #44,820
  • Nov 30, 2024 12:11pm Nov 30, 2024 12:11pm
Quoting Takisd
{quote} I have a funded with them, no payout yet will see, my trading on fundeds dont seem to get flagged as its not aggressive. I dont like the company from past things but the prop experience so far seems ok. what i dont like is that they now selling all their tech and such using prop account llc something very strange
Very strange indeed, maybe to avoid regulation and do manipulation
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