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  • #44,961
  • Dec 4, 2024 9:59am Dec 4, 2024 9:59am
Quoting Takisd
{quote} big asian broker. Their rule are sustainable, the + program is interesting but hard to play out as most prop trader doesnt reach 3 payout
I would not mind if all props have these rules. They don't bother me at all.
https://atfunded.com/rules/

Maybe just his one about news should be more explicit:
Quote
The News Trading policy applies to the release of key economic indicators and major news events, such as:

  1. Central bank interest rate decisions
  2. Employment reports (e.g., Non-Farm Payrolls)
  3. Inflation reports
  4. GDP releases
  5. Other significant economic data releases

And I think they have a typo in their funded rules:
Quote
Minimum Trades
Quote
– We require a minimum of 5 trades during the first pay period. Minimum trades is the number of trades required to be eligible for a payout. A trade is any trade that is <80% of the largest trade size on the account.
For example, if your largest trade has been 5 lots, then you will need to have at least four trades which are 4 lots or above to request a payout.

I think they meant >80% and not <80%
  • #44,962
  • Dec 4, 2024 10:02am Dec 4, 2024 10:02am
Takisd, any insights about this one ?
https://www.financemagnates.com/fore...ding-platform/
  • #44,963
  • Dec 4, 2024 10:06am Dec 4, 2024 10:06am
Quoting Capablanca
Takisd, any insights about this one ? https://www.financemagnates.com/fore...ding-platform/
BDSwiss has always been a strange broker, sometimes good rep sometimes bad. I do not think it is a big boy though likely entering due to loss of market share

There is a rumor that someone who posted in this thread is going down the path of using the tech that Kortana used. If they read this i recommend they do not.
  • #44,964
  • Dec 4, 2024 10:19am Dec 4, 2024 10:19am
Attached Image (click to enlarge)
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an elitetrader member with 1300 posts , highly unlikely a Topstep shill , confirming he has a live account with TopStep

https://www.elitetrader.com/et/threa....382118/page-3
  • #44,965
  • Dec 4, 2024 10:33am Dec 4, 2024 10:33am
Quoting Stoneyrocks
{image} an elitetrader member with 1300 posts , highly unlikely a Topstep shill , confirming he has a live account with TopStep https://www.elitetrader.com/et/threa....382118/page-3
I missed the bus on this gossip. People were accusing topstep of not funding the "live" guys? For futures if they say its live it will be live because the repercussions of it not being are really massive.
  • #44,966
  • Dec 4, 2024 11:08am Dec 4, 2024 11:08am
Quoting Takisd
{quote} I missed the bus on this gossip. People were accusing topstep of not funding the "live" guys? For futures if they say its live it will be live because the repercussions of it not being are really massive.
Live is live, it's easily checked. I have no doubts that they create a real the account when they call it live.

Live account is not the same than funded acct and that's where the fuss is coming from. The problem is that they only pass to live a small % of customers, contrary to what have been said here by some members that everybody was in live (even Patak was lying about that in twitter).

And anybody knowing a bit about this industry know why. If they moved everybody to live after challenge it would be a money bleeding.
  • #44,967
  • Dec 4, 2024 11:09am Dec 4, 2024 11:09am
Quoting Takisd
For futures if they say its live it will be live because the repercussions of it not being are really massive.

Exactly right. And it’s so easy to verify yourself, in about 3 seconds, of course.


Quoting Takisd
People were accusing topstep of not funding the "live" guys?

Some people here just like to cast any aspersions they think they can, against anything to do with futures, because they resent it being an honest, well-regulated, transparent, legitimate market, and they imagine that their fellow-members here are naïve and gullible enough actually to believe them.
  • #44,968
  • Dec 4, 2024 11:20am Dec 4, 2024 11:20am
Quoting Capablanca
{quote} Live is live, it's easily checked. I have no doubts that they create a real the account when they call it live. Live account is not the same than funded acct and that's where the fuss is coming from. The problem is that they only pass to live a small % of customers, contrary to what have been said here by some members that everybody was in live (even Patak was lying about that in twitter). And anybody knowing a bit about this industry know why. If they moved everybody to live after challenge it would be a money bleeding.
Most are eval>sim funded>live. Now Tradeify and TickTick skip the eval and you start with sim funded. All require you to build a buffer in sim funded. Some allow a partial withdrawal within the buffer. Most have payout caps for the first x amount of payouts. Moving to live is the futures firms way of getting a profitable trader off the liability side of their balance sheet.......Tradeify working on something where they will copy live traders and pay an extra 10% on top of the 100% the trader keeps.
It is such a better model than the forex props, for both the trader and the firm.
  • #44,969
  • Dec 4, 2024 12:05pm Dec 4, 2024 12:05pm
I raise this question with a friend and raise it here as well. If some strategy is profitable with a prop account live or otherwise, and you start to add volume to it with a copy/dealing strategy then what is stopping the alpha disappearing?

I think in futures the click size is very sensitive more than CFD as you can source liquidity from many shops so there is more scalability if done honestly.

What most people hate about cfd companies is that there is no attempt to execute anything, no reason to a-book anyone but at least use risk mitigations.
  • #44,970
  • Dec 4, 2024 12:18pm Dec 4, 2024 12:18pm
Quoting pipmaster77
{quote} Most are eval>sim funded>live. Now Tradeify and TickTick skip the eval and you start with sim funded. All require you to build a buffer in sim funded. Some allow a partial withdrawal within the buffer. Most have payout caps for the first x amount of payouts. Moving to live is the futures firms way of getting a profitable trader off the liability side of their balance sheet.......Tradeify working on something where they will copy live traders and pay an extra 10% on top of the 100% the trader keeps. It is such a better model than the forex...
thats why tradeify is growing so fast... they doing stuff professionally not just BIG WORDS.... SUch competition will force mffu n others to step up as well.....
With latest APex BS its has dropped dead last with elitetraderfunding in my top futures firms list....... TOo many rules and complications where as industry moving towards less rules and ease n faster payouts
Extreme gut feeling trader
  • #44,971
  • Dec 4, 2024 12:49pm Dec 4, 2024 12:49pm
Quoting montygoldy
{quote} thats why tradeify is growing so fast... they doing stuff professionally not just BIG WORDS.... SUch competition will force mffu n others to step up as well..... With latest APex BS its has dropped dead last with elitetraderfunding in my top futures firms list....... TOo many rules and complications where as industry moving towards less rules and ease n faster payouts
Yes, TBH, I'm thinking MFFU, Tradeify and TickTick. Of course, need a few months to see if the straight to funding is sustainable, but Brett seems to really have his shit together.
I mean Topstep runs you $198 all-in for $2500 in DD, Tradeify and TickTick 150K are 380-430ish, depending on promo and you get 7500 in DD and you do not need to take the eval.
  • #44,972
  • Dec 4, 2024 12:53pm Dec 4, 2024 12:53pm
Quoting pipmaster77
{quote} Yes, TBH, I'm thinking MFFU, Tradeify and TickTick. Of course, need a few months to see if the straight to funding is sustainable, but Brett seems to really have his shit together. I mean Topstep runs you $198 all-in for $2500 in DD, Tradeify and TickTick 150K are 380-430ish, depending on promo and you get 7500 in DD and you do not need to take the eval.
topstep 2k drawdown not 2500......
Extreme gut feeling trader
  • #44,973
  • Dec 4, 2024 1:47pm Dec 4, 2024 1:47pm
Quoting montygoldy
{quote} topstep 2k drawdown not 2500......
well, even shittier
So almost 4 times the DD for 2x the price, skip the eval and withdrawal with buffer.....
  • #44,974
  • Dec 4, 2024 4:33pm Dec 4, 2024 4:33pm
Quoting pipmaster77
{quote} well, even shittier So almost 4 times the DD for 2x the price, skip the eval and withdrawal with buffer.....
Beware of the consistency rule. As far as I know, all straight to funded prop firms require 20% consistency rule over usually 10 days minimum. There is no consistency rule in Topstep (except 50% in evals only) and you can be paid after 5 days only on sim funded, so 7 days including eval). Consistency rules drastically reduce your potentiel payout size and/or increase your number of trading days.
Don't give up on your dreams. Keep sleeping.
  • #44,975
  • Dec 4, 2024 5:45pm Dec 4, 2024 5:45pm
Quoting Artcool
{quote} Beware of the consistency rule. As far as I know, all straight to funded prop firms require 20% consistency rule over usually 10 days minimum. There is no consistency rule in Topstep (except 50% in evals only) and you can be paid after 5 days only on sim funded, so 7 days including eval). Consistency rules drastically reduce your potentiel payout size and/or increase your number of trading days.
Well top step has hidden consistency rule. First during challenge phase 50%, during PA phase at least 200$ daily for 5 days and you can withdraw only 50% profit. How it is any better. On the top of that they introduce a BS rule to promote live imagine trader got 5 PA account and only one qualifies for Live other is still pending and they will force you to stop trading them and concentrate on LIVE so you can't make much profit
STF accounts are better if traded more than 50K due to trailing drawdown and profit to drawdown factor. Also price wise if you include activation fees straight to funded is better.
  • #44,976
  • Dec 4, 2024 6:16pm Dec 4, 2024 6:16pm
Quoting Artcool
{quote} Beware of the consistency rule. As far as I know, all straight to funded prop firms require 20% consistency rule over usually 10 days minimum. There is no consistency rule in Topstep (except 50% in evals only) and you can be paid after 5 days only on sim funded, so 7 days including eval). Consistency rules drastically reduce your potentiel payout size and/or increase your number of trading days.
I'm not with either Tradeify or TickTick as of yet....I have a few apex live, 1 takeProfit live and an MFF starter 40% complete. More focus right now on Darwinex and personal.
Apex profits get dumped right into personal and TBH, I haven't been trading much on APEX lately.
Plan now is grab another 2 evals at MFFU, first $3600 payout will take half and purchase 2 Tradeify and 2 TickTick and then do the same with next payout. That will keep me busy enough and I belive is the most efficient time and money spent for max payouts.
The dinosaurs need to evolve as I believe the staright to funding (when done correctly) will take over the space.
  • #44,977
  • Dec 4, 2024 8:58pm Dec 4, 2024 8:58pm
Quoting sampat
{quote} Well top step has hidden consistency rule. First during challenge phase 50%, during PA phase at least 200$ daily for 5 days and you can withdraw only 50% profit. How it is any better. On the top of that they introduce a BS rule to promote live imagine trader got 5 PA account and only one qualifies for Live other is still pending and they will force you to stop trading them and concentrate on LIVE so you can't make much profit STF accounts are better if traded more than 50K due to trailing drawdown and profit to drawdown factor. Also...
I think all the firms does this when they moving to live same happened to me on MFFU i had 3 funded accounts only two eligible for live and third was like 2 days away from payout.... they cancelled all three and only moved 2 to live..... which is a slow process haven't received any details yet 3 business days done...
Extreme gut feeling trader
  • #44,978
  • Dec 4, 2024 9:07pm Dec 4, 2024 9:07pm
BTC violated 100k..... my expectation during trump term to hit atleast 250k...... btw i am holding close to .7 btc with average price 17k (i received 4 bitcoins in 2016 as a payment for my freelance work and withdrew all of it worst decision coz i didnt even needed money at that time it was like 750$ in total. It's just i had zero faith in it n left like .4 in there after that i just added bits by bits...)
I am hoping for a big payday from ticktick or tradeify will invest the whole payout in top 10 coins + some AI coins...... Next year we will be having bull run.... Same thing thing happened last time btc bull run started in oct- november then after 6-7 months rest of coins went bonkers......
Extreme gut feeling trader
  • #44,979
  • Dec 4, 2024 9:16pm Dec 4, 2024 9:16pm
I have funded with FTMO and I have excellent experience with them so far. Now I want to buy an account with City Traders Imperium. Does anyone have experience with CTI?
  • #44,980
  • Dec 4, 2024 9:21pm Dec 4, 2024 9:21pm
Quoting montygoldy
{quote} I think all the firms does this when they moving to live same happened to me on MFFU i had 3 funded accounts only two eligible for live and third was like 2 days away from payout.... they cancelled all three and only moved 2 to live..... which is a slow process haven't received any details yet 3 business days done...
Yes, the key is having them all qualify for live. I am in the process of watching the Brett Simba interview and he says if you have 7 150K straight to funding and take them all live the max you will have is a 105K live account...it's the smaller of 10% of the account size (15K) or profit above the account size.
IMO, the fair way for the firms to do this is not allow any new accounts to be purchased but allow you to attempt to take any existing to live.
I don't like hearing the slow pace of getting you a live account at MFFU, it is probably due to no process in place as they don't expect anyone to get there. Hell, you may be their first.
Tradeify has 0 live traders. Only 3 months old though.
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