Disliked{quote} I guess all we can do is wait and see. If that were the case it would further reinforce about the importance of diversification across multiple props to make it worth our while.Ignored
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} I guess all we can do is wait and see. If that were the case it would further reinforce about the importance of diversification across multiple props to make it worth our while.Ignored
Disliked{quote} Completely rip-off from MFF. They get greedy and want to increase the spread whenever they can. Actually this is fraud even on 100 lots traded on a normal FX broker like IC Markets. On 10 lots you should not pay more than 1 pip or max. 1.2 pip. So you pay for 10 lot $100 too much for every trade. That adds up over time. I am happy I have chosen the personal account trading approach instead of the prop firm route. MFF is the last ressort of any prop firm it seems right now. But spreads....?Ignored
Disliked{quote} It's not the norm when the norm is normally 12 hours. They are advertising rapid payouts not waiting for a week for payouts. Something is going on with FTMO. I am not the guy who is normally an alarmist, I am normally the one being accused of being too much of an advocate for FTMO, but, they have not posted in their thread for weeks, a very credible source on this thread knows some big players denied their last payouts and you are waiting a week for something you normally receive in 12 hours......It sure seems like some cash flow issues....Ignored
Disliked{quote} It's not the norm when the norm is normally 12 hours. They are advertising rapid payouts not waiting for a week for payouts. Something is going on with FTMO. I am not the guy who is normally an alarmist, I am normally the one being accused of being too much of an advocate for FTMO, but, they have not posted in their thread for weeks, a very credible source on this thread knows some big players denied their last payouts and you are waiting a week for something you normally receive in 12 hours......It sure seems like some cash flow issues....Ignored
Disliked{quote} something is very fishy with FTMO, another thing to observe is that they are no longer active here on the forum and also this year they didnt offer any black friday Discount, i think they have missmanaged some funds and are having issues with paying out all those people they owe, right now i think they back is against the wall and the following month we will see alot of complaint and manipulation from FTMO, from manipulating price data to not paying clients to banning accounts for no reason, i think diversification is the only solution moving...Ignored
Disliked{quote} Have they ever had a sale I dont think they have. Also, its professional trading not a vacuum cleaner.Ignored
Disliked{quote} No time limit? Massive tick in the box for me. 10% no phases? Another big tick.. BUT: trailing drawdown, 4% daily max loss and 5% overall max loss 10:1 leverage? Come on... why would you over MFF and 60 days with extension on P1?Ignored
Disliked{quote} I'm not even going to look, but I'm going to take a stab in the dark.......the fee is equal to or greater than the DD offered?Ignored
Disliked{quote} Arrgh you made me click on it again, their web traffic stats will be going to the moon..! Well then... $725 for 5K (100k account / 5% max)Ignored
Disliked{quote} Sorry, yes I meant no 2 step phases. 500k is interesting also. With that trailing drawdown and max risk it would take me 200 days to get there without risking my fee... can I be bothered?Ignored
Disliked{quote} Yes, as there is no advantage to trading a personal account. 10% goal for 5% MaxDD is e^2 * $ 3500 maxDD for the 500k challenge = $ 25895, so score is < 1 !!!!!!!!!Ignored
Disliked{quote} Yes, as there is no advantage to trading a personal account. 10% goal for 5% MaxDD is e^2 * $ 3500 maxDD for the 500k challenge = $ 25895, so score is < 1 !!!!!!!!!Ignored
Disliked{quote} Lockwood is not a founder of Lux. He'd been a “teacher” in howtotrade.com (as well as Max Norbury), and in his own company, which I do not remember the name for. That said, you are right, the rules look very similar to Lux, though. BTW, howtotrade.com has started in a funding business several days ago...Ignored