Prop Firm Hub | Page 2379 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #47,561
  • Mar 24, 2025 1:22pm Mar 24, 2025 1:22pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 50 KB
  • #47,562
  • Mar 25, 2025 9:20am Mar 25, 2025 9:20am
Quoting navk
{quote} I remember you did exceedingly well on 1 st jan promotion in Apex to earn 1.5 M funding. You got any payouts from them ? I would advise, Tradeify, Topstep are currently the best for bigger payouts. Lots of complaints i am hearing about them ( apex ) in discord. For smaller payouts, let us say 1 to 2k payouts, MFFU, Futures elite, bluguardian.. etc. Even people were saying bulenox is ok. They are running a promotion for EOD. See my post above.
No payouts yet and I am down to only two $300K accounts left.
Hoping to get at least my money back form those two aacounts as I spent $1500 getting the $2M in funded accounts.
Thanks for the advice wise old one.
  • #47,563
  • Mar 25, 2025 9:29am Mar 25, 2025 9:29am
Quoting montygoldy
{quote} I might suggest a alternate route.... I have been in the same place as well many times... Lost alot of funded accounts after getting too close to payout. Try purchasing cheapest evals for now no promotion like blueguardian or aqua or any other like that... Cost 50$ per account buy 3 ... Get to a payday that way you secure the lost funds and build confidence then buy again apex n others..... Higher chances of success.... Last year that what inflated my evals cost in my mind after losing funded accounts i went on purchasing all the same evals...
Thanks for the input Monty I could use a bit of a confidence boost as the last couple of months I have been getting beaten down hard.
I will probably take it and start on some $50K accounts if I don't get a payout from APEX or pass my current challenges.
I bought two $150K challenges from Fundedfuturesnetwork that I am working on now for a total of $175 with their last promotion.
They have end of TRADE traildown, which I really like. It a has been a bit of a learning curve as they use Quantower for a trading platform and I have never used it before. I am hoping that I don't get any more errors with it like I have been regularly getting with Ninjatrader. SO far their customer support has been awesome and fast. They eventually switch you to real funds once you take a certain amount of payouts so I am hoping it could turn into a WIN/WIN scenario If I start making some real money giving me some hope they won't be looking for stupid reasons to not payout. The trailing drawdown and consistency rules drop off eventually as well. We will see and I will report here.
Cheers
  • #47,564
  • Mar 25, 2025 10:20am Mar 25, 2025 10:20am
Quoting Nsak3y
{quote}-You are essentially trading your own money, no?
How so? Where else can you scale your account to $1m to $10m for only $50 to $500? I deposit 1K with a broker, I have 1K at risk and no potential to manage more money. All these prop firms providing viritual or simulated capital want me to pay their fees and if I get funded they want me to lose.
  • #47,565
  • Mar 25, 2025 10:26am Mar 25, 2025 10:26am
Quoting PropDude1234
{quote}Very subtle ad... $10,000 account - 4% DD ($400), 8% (2R) profit target which costs $516. Easy to fund the handful of people who make 2R with max $400 of DD. The model works only by mass failure just like 'virtual capital'.
I disagree. all the prop firms that fund with virtual capital only work on mass failure, at least with fuze traders that fund with real capital if I make money they make money. Where else can I only pay $50 to $500 and potentially manage $1m to $10m. If I open a brokerage account and deposit my $1k, I risk 100% as well as no potential to manage more money. They also offer instant funding, so I can get a funded account immediately if I'm sure about my strategy.
  • #47,566
  • Mar 25, 2025 10:31am Mar 25, 2025 10:31am
Quoting pipmaster77
{quote} Not to mention, you are paying $512 for a $400 account, you can get a $512 personal account for $512!!!!!
You seem to not looking that big picture that with only $512, you can potentially manage a $10m account if you hit their profit targets and scale your balance. You earn your fee back only after 2 levels.
  • #47,567
  • Mar 25, 2025 11:13am Mar 25, 2025 11:13am
Quoting rnett1971
{quote} I disagree. all the prop firms that fund with virtual capital only work on mass failure, at least with fuze traders that fund with real capital if I make money they make money. Where else can I only pay $50 to $500 and potentially manage $1m to $10m. If I open a brokerage account and deposit my $1k, I risk 100% as well as no potential to manage more money. They also offer instant funding, so I can get a funded account immediately if I'm sure about my strategy.
Your model relies on mass failure to generate high revenues.

Your evaluation has a 2R profit target (4% DD, 8% profit target) which means it'll have a very high failure rate.

Those that pass pay for their drawdown. For example, your $10,000 offering costs $516 and has $400 of drawdown.

That means anyone who goes live is fully hedged* and you have zero* risk throughout the model and even skim off any profit made with a 50% (according to the table) profit split for anyone who does make profit.

The scaling is smoke and mirrors and requires 1000s of % return which is highly unlikely to happen.

Perhaps it may be time to stop trying to sell your prop 'under the radar' here - especially as your only platform is MT5 and I'd guess you're grey-labelling with JFD's (your 'broker partner') licence, which MetaQuotes specifically forbids. You, and JFD, best hope their compliance doesn't find out.

*Excluding black swan / gaps etc.
  • #47,568
  • Mar 25, 2025 2:02pm Mar 25, 2025 2:02pm
Quoting rnett1971
{quote} You seem to not looking that big picture that with only $512, you can potentially manage a $10m account if you hit their profit targets and scale your balance. You earn your fee back only after 2 levels.
No, with the $512, I am managing $400. C'mon, I know you're smarter than that. If my max loss is $400, I am managing $400, there is no other way to spin that.
  • #47,569
  • Mar 25, 2025 8:40pm Mar 25, 2025 8:40pm
I have successively and successfully completed five profitable days of more than 100. And with less than 40 % consistency percentage.

In 2 x 50k futures elite funded accounts.

The payout of 2 x 1500 is available to me on 2 nd april.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: funded 1.png Size: 37 KB
Click to Enlarge Name: Funded 2.png Size: 37 KB
Intraday only.
  • #47,570
  • Mar 25, 2025 8:45pm Mar 25, 2025 8:45pm
Quoting navk
I have successively and successfully completed five profitable days of more than 100. And with less than 40 % consistency percentage. In 2 x 50k futures elite funded accounts. The payout of 2 x 1500 is available to me on 2 nd april. {image} {image}
Congratulations, Bro! Now it's just me left, no idea when I'll get a payout, Lel
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #47,571
  • Mar 25, 2025 8:47pm Mar 25, 2025 8:47pm
Quoting RoelsMajor
{quote} Congratulations, Bro! Now it's just me left, no idea when I'll get a payout, Lel
For everybody , there is day.

For me, it is 2 nd payout of 2 x 1500 from futures elite
Intraday only.
  • #47,572
  • Mar 25, 2025 11:06pm Mar 25, 2025 11:06pm
I passed the Take Profit Trader 150K Eval today. There was suppose to be a no activation fee but they sent me an email that I would have to pay a "ADMINISTRATIVE FEE" of $130 ...crazy
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 2 KB
Drawdown is more important than Account Size !
  • #47,573
  • Mar 26, 2025 7:37am Mar 26, 2025 7:37am
Quoting procrude
I passed the Take Profit Trader 150K Eval today. There was suppose to be a no activation fee but they sent me an email that I would have to pay a "ADMINISTRATIVE FEE" of $130 ...crazy {image}
Probably asking the obvious.....are you sure you used the promo code for no activation fee? I know their promos with no activation fee has been running probably 5-6 months. Probably just an error......have you contacted support?
  • #47,574
  • Mar 26, 2025 8:27am Mar 26, 2025 8:27am
Yes, I did. According to them the account activation and administrative fee's are two different things. I went ahead and paid it. Also checked on you tube and found out that the admin fee has nothing to do with account activation fee.... time to build a buffer now before any payouts.
Drawdown is more important than Account Size !
  • #47,575
  • Mar 26, 2025 8:31am Mar 26, 2025 8:31am
I am looking at a “view only” account of the5ers , is the market depth you see here similar to what you see with a paid account ?

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2478.jpeg Size: 80 KB
  • #47,576
  • Mar 26, 2025 8:36am Mar 26, 2025 8:36am
Quoting procrude
Yes, I did. According to them the account activation and administrative fee's are two different things. I went ahead and paid it. Also checked on you tube and found out that the admin fee has nothing to do with account activation fee.... time to build a buffer now before any payouts.
what takeprofit has an admin fee of 130 after passing evaluation?
  • #47,577
  • Mar 26, 2025 8:40am Mar 26, 2025 8:40am
Quoting procrude
Yes, I did. According to them the account activation and administrative fee's are two different things. I went ahead and paid it. Also checked on you tube and found out that the admin fee has nothing to do with account activation fee.... time to build a buffer now before any payouts.
So they advertise no activation fee, and then charge a $130 administrative fee? Have you asked to see exactly where that is/was in the Ts&Cs when you signed up........that is shady as hell. I have them ranked quite high, not if this shady shit is going on.
  • #47,578
  • Mar 26, 2025 8:59am Mar 26, 2025 8:59am
Quoting Novazor
{quote} what takeprofit has an admin fee of 130 after passing evaluation?
yes they do... watch this video also...

Inserted Video
Drawdown is more important than Account Size !
  • #47,579
  • Mar 26, 2025 9:00am Mar 26, 2025 9:00am
Quoting pipmaster77
{quote} So they advertise no activation fee, and then charge a $130 administrative fee? Have you asked to see exactly where that is/was in the Ts&Cs when you signed up........that is shady as hell. I have them ranked quite high, not if this shady shit is going on.
Shady as hell.... I know.... but it will be worth it i guess. Remember they dont have a cap on payouts. Also, its daily payouts.
Drawdown is more important than Account Size !
  • #47,580
  • Mar 26, 2025 9:44am Mar 26, 2025 9:44am
Quoting Stoneyrocks
I am looking at a “view only” account of the5ers , is the market depth you see here similar to what you see with a paid account ? {image}
Right now (14:44 London time)
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 4 KB
180 traders viewing now