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  • #46,721
  • Feb 8, 2025 2:40am Feb 8, 2025 2:40am
Quoting TraderTero
{quote} CFTC claimed MFF being fraud so I don't see their statement making any difference. It might actually be worse for the props as they also state focusing on going after fraudsters and most probably consider props being such.
I think the statement means they will only chase slam dunk that makes them financially happy. Prop is not slam dunk unless it is TFT or SFT type company
  • #46,722
  • Feb 8, 2025 10:26am Feb 8, 2025 10:26am
Quoting genuine007
{quote} He is on silence mode which is really benefiting him to focus on hunting out the future space. He made goals like 1 million profits this year. So I think he is totally focused on his goals. TURNING DREAMS INTO REALITY - montygoldy
There are few honest firms, one can trust.

MFFU, Tradeify are the ones I know of. People talk Topstep as great but I never traded with them for futures.

On FX front ( prop firm ), I am completely out now.
Intraday only.
  • #46,723
  • Feb 8, 2025 10:37am Feb 8, 2025 10:37am
Quoting navk
{quote} There are few honest firms, one can trust. MFFU, Tradeify are the ones I know of. People talk Topstep as great but I never traded with them for futures. On FX front ( prop firm ), I am completely out now.
I know you know all of them. FTMO is fine for forex. And importantly - Darwinex has no DD limit. Not only forex.

Forum:

https://www.forexfactory.com/thread/...win-discussion
  • #46,724
  • Feb 8, 2025 12:38pm Feb 8, 2025 12:38pm
Quoting navk
{quote} There are few honest firms, one can trust. MFFU, Tradeify are the ones I know of. People talk Topstep as great but I never traded with them for futures. On FX front ( prop firm ), I am completely out now.
How is this possible that you don't trust any forex prop firm now?
Do you think that forex props don't pay?
  • #46,725
  • Feb 8, 2025 12:43pm Feb 8, 2025 12:43pm
Is darwinex style model with highest payout split more interesting than 2phase?
  • #46,726
  • Feb 8, 2025 1:03pm Feb 8, 2025 1:03pm
Quoting Takisd
Is darwinex style model with highest payout split more interesting than 2phase?
Not profitable as other PROP firms. But because there is no DD limit you do not leave anything to chance.
  • #46,727
  • Feb 8, 2025 1:15pm Feb 8, 2025 1:15pm
Quoting deroty
{quote} Not profitable as other PROP firms. But because there is no DD limit you do not leave anything to chance.
My question is if it is same model darwinex but with 60% profit split is it more interesting?
  • #46,728
  • Feb 8, 2025 3:50pm Feb 8, 2025 3:50pm
Quoting Takisd
Is darwinex style model with highest payout split more interesting than 2phase?
yes no doubt, complete trading freedom - no rules
one worries only about loss, margin and profits...in that order
PVSRA
  • #46,729
  • Feb 8, 2025 3:55pm Feb 8, 2025 3:55pm
Quoting Fisher755
{quote} yes no doubt, complete trading freedom - no rules one worries only about loss, margin and profits...in that order
and the scoring system. This is key to make it not stupid for a prop firm
  • #46,730
  • Feb 8, 2025 4:05pm Feb 8, 2025 4:05pm
Quoting Takisd
{quote} and the scoring system. This is key to make it not stupid for a prop firm
Yes, but scoring Psyquation also had and it was not as good as Darwinex because of one important difference - the risk engine. It is brillant solution against luck and scammers - and overtrading. If a trader gets punished everytime he overtrades or trades too much assimetric- Darwinex cuts excessive risk, he will learn to adopt to the right margin in time. This way they protect investors and the traders in the aftermath - let's take your example when you were drunk - the story you were telling once: If you would trade Darwinex account back then they would limit your loss by much because excessive risk would not be copied to signal account. They would cut it right away for you. Martingale is also punished much- that's why we can hear the traders cry about it.

Because of risk engine you need no extra rules.
PVSRA
  • #46,731
  • Feb 8, 2025 4:09pm Feb 8, 2025 4:09pm
Quoting Fisher755
{quote} Yes, but scoring Psyquation also had and it was not as good as Darwinex because of one important difference - the risk engine. It is brillant solution against luck and scammers - and overtrading. If a trader gets punished everytime he overtrades or trades too much assimetric- Darwinex cuts excessive risk, he will learn to adopt to the right margin in time. This way they protect investors and the traders in the aftermath - let's take your example when you were drunk - the story you were telling once: If you would trade Darwinex account back...
Right so risk engine will take a position that is a "tall poppy" position size and cut it down.
  • #46,732
  • Feb 8, 2025 4:14pm Feb 8, 2025 4:14pm
Quoting Takisd
{quote} Right so risk engine will take a position that is a "tall poppy" position size and cut it down.
It levels up all traders to the same margin% , which is 6.5:1 for the risk engine to be at 1.0. You should try that shit out really. I played with it much at the start until I tested all the possibilities around it.
PVSRA
  • #46,733
  • Feb 8, 2025 4:21pm Feb 8, 2025 4:21pm
Darwinex's risk engine, in simple terms, calculates a range of 3.25% minimum to 6.50% maximum per month (using monthly VAR). So, let's say there are 21 trading days in a month; the minimum position to open per day is 0.15%, and the maximum is 0.31%. That’s my conclusion based on my understanding and some exp.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #46,734
  • Edited 4:40pm Feb 8, 2025 4:29pm | Edited 4:40pm
Quoting RoelsMajor
Darwinex's risk engine, in simple terms, calculates a range of 3.25% minimum to 6.50% maximum per month (using monthly VAR). So, let's say there are 21 trading days in a month; the minimum position to open per day is 0.15%, and the maximum is 0.31%. That’s my conclusion based on my understanding and some exp.
No, this is oversimplified and overaveraged. One can take 1% risk per trade without any problem. The margin you use cannot excede much for long and also if your risk engine is at 1.0 for example they will cut your signal account trade if you excede your average margin by too much, especialy overnight and over the weekend but also at scalps of course. That's why it is very very hard to get to 5% constant monthly profits unles you are trading stocks , but is it also damn hard to get to 10% DD.
PVSRA
  • #46,735
  • Feb 8, 2025 4:38pm Feb 8, 2025 4:38pm
I feel like both of you said different things but the consistent part seems to be that its a margin usage calculation.
  • #46,736
  • Feb 8, 2025 4:47pm Feb 8, 2025 4:47pm
Quoting Takisd
I feel like both of you said different things but the consistent part seems to be that its a margin usage calculation.
I only listen when she speaks; I don’t dare to argue or challenge her. I think I’ll reconsider later. Ahem.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #46,737
  • Edited 5:50pm Feb 8, 2025 5:33pm | Edited 5:50pm
Quoting genuine007
{quote} How is this possible that you don't trust any forex prop firm now? Do you think that forex props don't pay?
FTMO and of course MFF were paying and paid me in the past.

FXIFY paid me once.

Now, I am out of all FX Prop firms

And after 3 months practice with futures, my first payout req . 3k is denied by tickticktrades.

I am now with futures elite. Currently have one 100 k funded account and one 100k eval account
Intraday only.
  • #46,738
  • Edited 5:51pm Feb 8, 2025 5:40pm | Edited 5:51pm
I am currently chatting with a person who traded 3 nos 150k account with ticticktrader.com
He earned 7700 $ + in all three accounts. ( 23k + )

His payout request is denied.

Lots of issues going in discord about this firm.

Real scammers
Intraday only.
  • #46,739
  • Feb 8, 2025 5:43pm Feb 8, 2025 5:43pm
Quoting navk
I am currently chatting with a person who traded 3 nos 150k account with ticticktrader.com He earned 7700 $ + in all three accounts. His payout request is denied. Lots of issues going in discord about this firm. Real scammers
How much is one account plus the activation fee?
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #46,740
  • Feb 8, 2025 5:48pm Feb 8, 2025 5:48pm
Quoting RoelsMajor
{quote} How much is one account plus the activation fee?
It is 450 +
Intraday only.
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