Not looking good for Trutraderfund, aren't they just 2 months old?

Maybe you'll get invited to the next party! url

This is a 1 Phase model. Their leverage is low at 1:5 and their scale up target is 10%, it will take some pips to hit with that leverage. The question is, "do they let you withdraw your profits before you hit the 10% and count your withdrawn profits ...

Here is my criteria for a funding company 2 Phase (FTMO, MFF, etc) or 1 Phase (5%ers) 1. No Trailing/Relative Drawdown (ONLY absolute drawdown from initial balance) 2. Your profits DO NOT become part of your drawdown allowance to scale, you are ...

Well said, another example below of trailing or relative drawdown on Surgetrader, it applies to both the challenge and the funded account.

Yeah, definitely stay away from Lux. 1. Trailing, relative drawdown 2. 29 day trading minimum 3. Consitency rules that they can change at their discretion Could it get any worse?

I am getting SO tired of their commericals when I watch something on YouTube. I went to their site one time and saw that the Forex program was closed and now I continually get their ads. "I lost $90,000 in trading so I invented TopStep!" Seriously.

If that is the case then they need to use the wording "absolute drawdown from initial balance" like other firms because it is confusing. The word "static" when used with drawdown generally means it moves with your high watermark. Below is the ...

Tentoptraders uses static (or relative) drawdown, this is a definite no for me. I failed a Lux eval last year with relative drawdown eventhough my account never went below the initial balance, never again will I go with a firm that uses it. Static ...

I noticed they weren't allowing US citizens which is in line with the real Axi but they ARE claiming association with the real AXI, look at their about us page. What a scam. image

Yes, free restart as long as no drawdow rules are broken. I think you can only use the extension ONE time per challenge.

Just wanted to give some info on the new 14 day extension with FTMO. I'm currently in a challenge and I'm at 5%, the extend button will appear in your Metrix section 28 days into your challenge, if your at 5% or above and haven't broken any other ...

Thanks for pointing that out. I was using (April 2021) a company called MyFXSeed who was funded by Traders Central Fund. Traders Central also funds companies who want to start their own prop firm and they are the ones who make the final decisions ...

Yes, that was my experience with a firm where they were the funding source. I hit my targets and then traded with smaller lots to complete the minimum trading days. I traded very conservatively. They still refused me a funded account with that lame ...

As I recall they had some issues last year regarding payouts and taxes. I never followed how it got resolved but it had to do with the Aussie govt. They Trustpilot reviews are not good. image

I hope you do well with them. I did a Lux challenge last year, after getting within 1% of the 6%, then going into drawdown and hitting the trailing, I am absolutely done with any firm that has trailing drawdown. It puts a psychological pressure on ...

Totally agree. The way these guys so boldly advertise their passing rates is insane, they claim a refund if they don't pass. I don't know how new they are, I can't find much on them.

Does anybody have any experience or due diligence on fxchallengeexperts? image

Yes, that's what we do! image

Exactly, the trailing drawdown is bad. Do yourself a favor and stay away from companies that have this, read the terms closely. They are saying you can never take all the money YOU made out, they're telling you that you must always leave some of ...