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  • #12,141
  • Nov 3, 2022 12:01pm Nov 3, 2022 12:01pm
Quoting Takisd
Doing another masochism for the sake of research. Bought a 500k first class forex funds account. I might buy 2 for the full mill .. Its an eightcap company so there is potentially something to be said about that but stinks to high hell
surge? ment?
in holiday till end of November
  • #12,142
  • Nov 3, 2022 12:14pm Nov 3, 2022 12:14pm
Quoting forexbali
{quote} surge? ment?
If takisd isn't even trying them..........don't bother. Serious advice.
  • #12,143
  • Nov 3, 2022 12:22pm Nov 3, 2022 12:22pm
Quoting pipmaster77
{quote} If takisd isn't even trying them..........don't bother. Serious advice.
I understood he is trying a 500K program with eightcap, but only surge-ment offer it.

Ok, no problem, was just curiosity.
in holiday till end of November
  • #12,144
  • Nov 3, 2022 12:23pm Nov 3, 2022 12:23pm
Quoting forexbali
{quote} I understood he is trying a 500K program with eightcap, but only surge-ment offer it. Ok, no problem, was just curiosity.
FirstClassForexFunds he is trying. They use 8cap as their broker. He actually buys programs and then reports back as to whether or not they are on a feed which can be cheated. If so, generally means they are just after fees with no intention of paying anyone OR they are completely clueless and will be bankrupt in 6 months. That's why I say, if he isn't using them or willing to invest his own money to prove legitimacy, probably not even worth looking at.
  • #12,145
  • Nov 3, 2022 12:26pm Nov 3, 2022 12:26pm
Quoting pipmaster77
{quote} FirstClassForexFunds he is trying. They use 8cap as their broker.
yes I took a view to their site, programs are ok, but, are they new? I imagine no trust pilot, few info about them,

so why to risk with them?

What I found:
Former members of the NYBOT/ICE exchanges joined with successful modern day, day traders, we bring 40 years combined experience in the equities, commodities and forex markets. From manual to automated we have seen it all, we understand market volatility. We have designed our software to manage risk exposure to minimize loss and maximize profits!

However, not team, quite anonymous.
in holiday till end of November
  • #12,146
  • Nov 3, 2022 12:33pm Nov 3, 2022 12:33pm
Quoting Takisd
Doing another masochism for the sake of research. Bought a 500k first class forex funds account. I might buy 2 for the full mill .. Its an eightcap company so there is potentially something to be said about that but stinks to high hell

They say in FAQs:

Who is our Partner?
We are proudly partnered with EightCap Global Ltd.

Does this reduce the chance of being a scam or it doesn't have anything to do with that ?
  • #12,147
  • Nov 3, 2022 12:35pm Nov 3, 2022 12:35pm
Quoting Takisd
Doing another masochism for the sake of research. Bought a 500k first class forex funds account. I might buy 2 for the full mill .. Its an eightcap company so there is potentially something to be said about that but stinks to high hell
Couldn`t find the timelimit Phase 1 and 2 on their site....Maybe did not look to good...lol...but i like to know...
Insanityoing same ting over expecting different results..Einstein
  • #12,148
  • Nov 3, 2022 12:41pm Nov 3, 2022 12:41pm
Quoting FXsniper111
{quote} Couldn`t find the timelimit Phase 1 and 2 on their site....Maybe did not look to good...lol...but i like to know...

How long do I have to complete my evaluation?
For 2-Step Evaluation you have 30 days to complete Phase 1 and 60 days to complete phase 2.
For 1-Step Evaluation you have 30 days to complete.
  • #12,149
  • Nov 3, 2022 12:56pm Nov 3, 2022 12:56pm
what I don't like is that if are really known people from exchanges in U.S. they will want to put their names to give credibility.

While like that, can be just a fivver website done for 5$ per hour, in a week and that's it.

I didn't spend even time to look around if there are review, because I know how it works, I'm here waiting from you and it will take weeks... and months.
in holiday till end of November
  • #12,150
  • Nov 3, 2022 1:08pm Nov 3, 2022 1:08pm
Quoting forexbali
I added the first payout column.. now I will think https://docs.google.com/spreadsheets...it?usp=sharing {image}
Kudos for putting all this together, looks great.

One question tho, what is the 10% you have regarding FTMO first payout column?

Attached Image (click to enlarge)
Click to Enlarge Name: FTMO.png Size: 10 KB
Trade with confidence, trade without fear.
  • #12,151
  • Nov 3, 2022 1:20pm Nov 3, 2022 1:20pm
Quoting Cryptosurf
{quote} Kudos for putting all this together, looks great. One question tho, what is the 10% you have regarding FTMO first payout column? {image}
I read that in FTMO to get the first payout you have to reach 10%, this is like in the5ers and some other program.

I go to double check now to see if there is a mistake, but here people can confirm or not, when you can withdraw in FTMO as you get the first funded account.

May be something I read in forex prop reviews about the "profit target reached".

I was going to double check, if there is not the issue to reach first the 10% target, should be just every 14days from 1st trade, rule.

from FAQs:
How do I withdraw my profits?
The Profit Split on the FTMO Account is done on a monthly basis by default, with the option to place a payout on-demand after a period of 14 calendar days from the first placed trade on the account. The Profit Split Day can be changed up to 3 times for each withdrawal, anytime between 14 days and 60 days from the start of trading. If trader doesn’t make a change to their Profit Split Day before the end of a one-month cycle, the Profit Split Day will be anchored to the last day of that particular Reference Period, without the option to change it further in the current cycle. For example, if a trader starts trading on the 1st of April, the first Profit Split Day will be available on the 15th of April, and the latest option for the Profit Split Day will be after 60 days, hence 31st May.
The payouts are processed within 1-2 business days upon confirming the invoice. You can receive your profits by a regular bank wire transfer, Skrill or cryptocurrencies. We don’t charge any commissions for withdrawals.
You don’t need to score any minimum* Profit to receive up to a 90% Profit Split. Whatever amount of profit you generate, that’s what we split by 80/20 (90/10 on the Scale-up plan) and pay you out.
If you meet the conditions of our Scaling Plan, not only do we increase the balance of your FTMO Account by 25%, but the payout ratio will also automatically change to a staggering 90/10!
If you prefer to keep your Profit Split on account to grow and accordingly build up your balance and drawdown buffer, you can do so. However, please note that we will always withdraw our share of Profit Split.

--

FIXED, 14Days, thank you to report, so I accelerated the correction of doubts.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-11-03 at 19.28.52.png Size: 315 KB
in holiday till end of November
  • #12,152
  • Nov 3, 2022 1:29pm Nov 3, 2022 1:29pm
Quoting forexbali
{quote} I read that in FTMO to get the first payout you have to reach 10%, this is like in the5ers and some other program. I go to double check now to see if there is a mistake, but here people can confirm or not, when you can withdraw in FTMO as you get the first funded account. May be something I read in forex prop reviews about the "profit target reached". I was going to double check, if there is not the issue to reach first the 10% target, should be just every 14days from 1st trade, rule. from FAQs: How do I withdraw my profits? The Profit Split...
No target for payout with FTMO
  • #12,153
  • Nov 3, 2022 1:37pm Nov 3, 2022 1:37pm
Quoting forexbali
{quote} I read that in FTMO to get the first payout you have to reach 10%, this is like in the5ers and some other program. I go to double check now to see if there is a mistake, but here people can confirm or not, when you can withdraw in FTMO as you get the first funded account. May be something I read in forex prop reviews about the "profit target reached". I was going to double check, if there is not the issue to reach first the 10% target, should be just every 14days from 1st trade, rule. from FAQs: How do I withdraw my profits? The Profit Split...
Yeah there is no profit target on funded accounts. They also have BTC trading open 7days a week, so one can game it for quicker payout.
From my calculations you can get 1st payout in 24 days, 10+10+14= 24 Days.

Someone had asked about MFF and I told them during the Phase1/Phase2 process they count trading days. Meaning you only get Monday thru Fridays.
From my calculations then that would be 5+5+30= 40 Days
Trade with confidence, trade without fear.
  • #12,154
  • Nov 3, 2022 1:38pm Nov 3, 2022 1:38pm
Quoting pipmaster77
{quote} No target for payout with FTMO
the unique program that force you to wait for the first payout are FTUK (10%) and the5ers (7%)

forexpropreviews say that, and I checked faqs, see that you have to do that. May be some sort of protection to accumulate profits and leave them in better financial position when you scale and then get stopped out.
in holiday till end of November
  • #12,155
  • Nov 3, 2022 1:40pm Nov 3, 2022 1:40pm
First class is new. But its set up properly not like blueforexfunds and is an MFF clone.

They have a discord, thats what its all happening. ITs a whos who of people who buy things from instagram. I am doing it for the off chance its not a scam as i believe they are a TFT spinoff ultimately.
  • #12,156
  • Nov 3, 2022 1:50pm Nov 3, 2022 1:50pm
Quoting forexbali
{quote} the unique program that force you to wait for the first payout are FTUK (10%) and the5ers (7%) forexpropreviews say that, and I checked faqs, see that you have to do that. May be some sort of protection to accumulate profits and leave them in better financial position when you scale and then get stopped out.
Don't waste your time with either
  • #12,157
  • Nov 3, 2022 1:57pm Nov 3, 2022 1:57pm
Quoting pipmaster77
{quote} Don't waste your time with either
it is correct you have to wait? if yes, of course I eliminate them.
in holiday till end of November
  • #12,158
  • Nov 3, 2022 2:00pm Nov 3, 2022 2:00pm
Quoting Takisd
First class is new. But its set up properly not like blueforexfunds and is an MFF clone. They have a discord, thats what its all happening. ITs a whos who of people who buy things from instagram. I am doing it for the off chance its not a scam as i believe they are a TFT spinoff ultimately.
you believe or have you read and are rumors? if is a spinoff for sure is a good thing.
in holiday till end of November
  • #12,159
  • Nov 3, 2022 2:04pm Nov 3, 2022 2:04pm
Quoting forexbali
{quote} it is correct you have to wait? if yes, of course I eliminate them.
well the 5%ers I explained days ago will yield you ABOUT 10X more in a personal account. Do not know much about FTUK but between the DD and profit target on the funded account before withdrawal.....too many better options, do not need them.
What is your goal exactly...if it's to obtain 2-2.5 million in funding, just use the 5 we have been recommending.....if you need quick pay and are confident you can pass quickly TFF(14 days) and E8 ( 8days) are your quickest options as both have no minimum trading days in the evaluation.
  • #12,160
  • Nov 3, 2022 2:06pm Nov 3, 2022 2:06pm
Quoting pipmaster77
{quote} Yes, I passed on a Friday, did KYC, got agreement Monday, but they ONLY issue accounts for standard and royal on Sunday evening. So waited literally 9 days and then 30 days for FIRST payout, bi-weekly after. However, you are apparently inactive for 3 days while they process payout. I am with them because they are credible, they pay, but I would not recommend unless you have other accounts rolling. I choose royal as I feel it is best option long term and didn't need quick payout.
I am wondering whats the advantage of having Royal challenge on TFTP instead of standard as now every thing is equity based and allowed drawdown is 12% and less days (3)? I believe only advantage is EA on Royal challenge.
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