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  • #45,701
  • Dec 29, 2024 1:19pm Dec 29, 2024 1:19pm
Quoting navk
{quote} yes, in futures, direct funding model, making 7.5k is easier ( With Ticktick ) and that makes one to withdraw 2.7k. Comparitively, with fx firm, one needs to make 15 k ( to pass ) and then make 3.5k in live to withdraw 2.7k. This is difficult. Tradeify quickly changed rules in direct funding model, Ticktick not yet. One can expect more rules to Direct account model. Or they abloish this model totally. All depends on facts and figures which the firm only know.
Yeah I am thinking about buying a couple groups of 5 of the TickTIck $150K STF accounts and YOLOing them over the next two days as if they were challenge accounts with hopes of getting one of the groups past the $7500 mark fast to secure them before Jan 1st rule changes to 3 max accounts. Then taking a couple of weeks before asking them for my first payouts in hopes of them not being triggered like they did with Monty. After that I could just trade them like a normal 20K Forex account shooting for 1% daily with a max drawdown of $18,750 combined. Tempted to go for the $250K STF then available funds would be $31,250.
I look at all prop firms in terms of the actual daily drawdown being their actual size. i.e. 250K is really $6250
  • #45,702
  • Dec 29, 2024 2:11pm Dec 29, 2024 2:11pm
Quoting montygoldy
Alright gents we have officially closed year 2024 which was wild ride for me......... Its going to be a long post..... So its time to plan ahead and makes the most of the year 2025. Proper planning with execution is the ROAD TO SUCCESS. If you dont have a target to achieve then you dont know how much to perpapre, practise or work hard to achieve it. Somethings about me i totally believe in luck + all sorts of astrological stuff i mean the grand scheme of themes. There is a small story when i was a kid of 3 years my Dad took me a famous kinda astrologer...
see the tax payments as luxury problem!
other traders would kill for having this problem

for prop account you pay less tax than real account? in europe it is often opposite.
  • #45,703
  • Dec 29, 2024 2:13pm Dec 29, 2024 2:13pm
Quoting sampat
{quote} Only if you are day trading. Interactive Brokers requires at least 2 to 2.5K to open one MNQ lot.
Yes I will never keep a overnight position in futures. The Day margin is super low (for Micro ES) with most large brokers except Charles Schwab. I am signing up with Ninja Trader and Tradestation.
Drawdown is more important than Account Size !
  • #45,704
  • Dec 29, 2024 2:24pm Dec 29, 2024 2:24pm
Quoting genuine007
Which Platform is mostly used for Futures Trading?? LOL, see, how many platforms are there, lot of time will go just to understand all these & then select the best one THEN, lot of time will go in going to every futures prop, understand their rules, comparison & then selecting the best one WE NEED, lot of time investment to shift from forex to futures, its not that easy to do mind shift PEOPLE HATE CHANGE {image}
NinjaTrader, but I like thinkorswim. I am trading forex live account with thinkorswim / charles schwab. You can easily connect Ninjatrader a lot of other various brokers with Tradingview like Amp Futures, Tradestation and many more. Then you can just trade off of your charts.
Drawdown is more important than Account Size !
  • #45,705
  • Dec 29, 2024 3:19pm Dec 29, 2024 3:19pm
Quoting josh1111
{quote} Yeah I am thinking about buying a couple groups of 5 of the TickTIck $150K STF accounts and YOLOing them over the next two days as if they were challenge accounts with hopes of getting one of the groups past the $7500 mark fast to secure them before Jan 1st rule changes to 3 max accounts. Then taking a couple of weeks before asking them for my first payouts in hopes of them not being triggered like they did with Monty. After that I could just trade them like a normal 20K Forex account shooting for 1% daily with a max drawdown of $18,750...
Yes, on the STF model, DD per $$$ is the #1 criteria.
However, with the eval models, target to DD is more important. The $150K on STF is the best value as you do not have to pass an eval on the eval model, most give you 7500DD and you need to make 20K to pass, no bueno.
IMO, 50k evals and 150K STF is where we want to be.
  • #45,706
  • Dec 29, 2024 4:22pm Dec 29, 2024 4:22pm
I'm looking at supplementing my MFFU accounts with a forex prop account and Fundednext looks like a good option, they've been around a while and they're paying out, the most for a forex prop firm.

I remember someone saying some time back to stay away, but I can't seem to figure out why they're not considered a decent option for forex prop besides FTMO and 5%rs?
Truth is like poetry. And most people f*cking hate poetry.
  • #45,707
  • Dec 29, 2024 6:41pm Dec 29, 2024 6:41pm
Quoting Trader191
{quote} see the tax payments as luxury problem! other traders would kill for having this problem for prop account you pay less tax than real account? in europe it is often opposite.
I have no idea about taxes because i never used it for trading before....
Meaning i never pulled a single cent of my personal trading accounts to bank accounts....
This year i would know how much it tax benefit coz of prop trading when i file it...
Extreme gut feeling trader
  • #45,708
  • Dec 29, 2024 7:11pm Dec 29, 2024 7:11pm
Quoting mrdfx
I'm looking at supplementing my MFFU accounts with a forex prop account and Fundednext looks like a good option, they've been around a while and they're paying out, the most for a forex prop firm. I remember someone saying some time back to stay away, but I can't seem to figure out why they're not considered a decent option for forex prop besides FTMO and 5%rs?
I was getting excited looking at FundedNext until I discovered US citizens are not able to use them.
  • #45,709
  • Dec 29, 2024 7:25pm Dec 29, 2024 7:25pm
Quoting pipmaster77
{quote} Yes, on the STF model, DD per $$$ is the #1 criteria. However, with the eval models, target to DD is more important. The $150K on STF is the best value as you do not have to pass an eval on the eval model, most give you 7500DD and you need to make 20K to pass, no bueno. IMO, 50k evals and 150K STF is where we want to be.
With new rules not sure it is good idea to to even have direct accounts comparing with challenge where at max consistency is 30-40% and no profit target per payout....
  • #45,710
  • Dec 29, 2024 7:58pm Dec 29, 2024 7:58pm
Quoting CableJ
Nov Update... Added Trustpilot 1 star % category. Trustpilot overall is heavily manipulated by the companies, however when the shit hits the fan the companies can't control the rapid flood of dissatisfied reviews from their customers, so I think this is a decent metric to follow to highlight potential current/emerging issues. {image} {image} It's crazy seeing the difference between my funded FX vs My funded futures trustpilot 1 stars. Mattl seems to be a complete crook on the FX side and an upstanding citizen on the futures side... so far. The more...
Seems like forex is still very much more popular than futures. Can't say it's unexpected with the bigger and static drawdowns making forex a safer bet to get funded.
  • #45,711
  • Dec 29, 2024 9:24pm Dec 29, 2024 9:24pm
Quoting maltrader
{quote} Seems like forex is still very much more popular than futures. Can't say it's unexpected with the bigger and static drawdowns making forex a safer bet to get funded.
its harder to get funded on forex and takes more time also there is more payout uncertainity there except the top 2 or 3… they have so many bulljive grey areas rules to deny your payout like you risking trader even though you profitable ban…
Extreme gut feeling trader
  • #45,712
  • Dec 29, 2024 9:28pm Dec 29, 2024 9:28pm
Quoting sampat
{quote} With new rules not sure it is good idea to to even have direct accounts comparing with challenge where at max consistency is 30-40% and no profit target per payout....
i always say straight is best bet for the trades w
who have pulled payouts from the regular evals… its same game with expensive pricing…. Payout ratio of straight is still low which tells you its not different than regular evals…
its only good for profitable traders with money to save time thats it otherwise no benefit as it is more strict….
one of the notion is bog drawdown but a basic math tells you its still an eval coz to get paid you need to make beyond threshold with more stricter rules wheres’as in evals after passing most of the times you can pull money from the threshold….
Extreme gut feeling trader
  • #45,713
  • Dec 29, 2024 9:31pm Dec 29, 2024 9:31pm
Quoting montygoldy
{quote} I have no idea about taxes because i never used it for trading before.... Meaning i never pulled a single cent of my personal trading accounts to bank accounts.... This year i would know how much it tax benefit coz of prop trading when i file it...
ah ok, so its extrem different to europe. here you pay taxes in real account when you close a trade, not when you bring the money out the broker (all trades taxed in one year closed). for prop it would be when you get the money paid for "working" for them.

looks like your country model more tax friendly.
  • #45,714
  • Dec 29, 2024 9:31pm Dec 29, 2024 9:31pm
Quoting montygoldy
{quote} its harder to get funded on forex and takes more time also there is more payout uncertainity there except the top 2 or 3… they have so many bulljive grey areas rules to deny your payout like you risking trader even though you profitable ban…
Well, maybe I should put "safer bet". Seems safer but if you don't do proper risk management and reach a large drawdown, there's a mountain to climb due to the larger targets for passing.
  • #45,715
  • Dec 29, 2024 10:48pm Dec 29, 2024 10:48pm
The rules for Individuals :

1) One must learn to trade futures
2) One must have a strategy tested ( atleast in mt4/5 )
3) For the tested strategy, one must know what is the lot size to trade ( based on allowed DLL or your own DLL )
4) One must have in mind what risk/reward to trade. ( Apex says 5 risk and 1 reward, you can have your own ratio )
5) YOLO wing to be avoided in which there is more chance of hitting DLL or account blowing.
Intraday only.
  • #45,716
  • Dec 29, 2024 11:09pm Dec 29, 2024 11:09pm
Quoting procrude
{quote} NinjaTrader, but I like thinkorswim. I am trading forex live account with thinkorswim / charles schwab. You can easily connect Ninjatrader a lot of other various brokers with Tradingview like Amp Futures, Tradestation and many more. Then you can just trade off of your charts.
So is Ninjatrader quiet famous among Futures traders??
So is Ninjatrader is the one which is found commonly in every Futures prop out there??
If I am buying some Futures account, is the cost of this platform already included in the fees I am paying at the time of purchase of the account??
  • #45,717
  • Dec 29, 2024 11:35pm Dec 29, 2024 11:35pm
Quoting Trader191
{quote} ah ok, so its extrem different to europe. here you pay taxes in real account when you close a trade, not when you bring the money out the broker (all trades taxed in one year closed). for prop it would be when you get the money paid for "working" for them. looks like your country model more tax friendly.
i dont know yet this tax year will know what happens...
Extreme gut feeling trader
  • #45,718
  • Dec 30, 2024 3:59am Dec 30, 2024 3:59am
Attached Image (click to enlarge)
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Extreme gut feeling trader
  • #45,719
  • Dec 30, 2024 7:56am Dec 30, 2024 7:56am
Quoting josh1111
{quote} I was getting excited looking at FundedNext until I discovered US citizens are not able to use them.
Thankfully I don't have that issue so that's all good. I'm going to check if there's any discounts with them and maybe give them a shot.
Truth is like poetry. And most people f*cking hate poetry.
  • #45,720
  • Edited 8:14am Dec 30, 2024 7:59am | Edited 8:14am
Quoting montygoldy
{image}
Wish I could participate US traders not welcome at FTMO or 5%ers.
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