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Anyone trading with a Prop firm 6 replies

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

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Quoting Trader191
{quote} when i had smaller volume i tried like you, but metatrader FoK is not the way to go with big amounts, then you really have to split like you do and need extra work and supervising (and often higher fees because you cant get full commission down when splitted amounts over brokers). how many yards/billions turnover you have in average per month? now i can place 200-500 lot orders for same easy like you do 500 times a 1 lot order. your way of course is necessary to go around FoK with big order sizes in metatader, but dont make wins bigger or...
Well, let begin by telling you stop to that notion ,beacuse i earn way bigger in withdrawal with my personal account does not means i can't get a prop account, to me it make no difference because i still link my prop with the same copier that am using with my personal account.
If you don't want to does not mean i can't, please don't try to force me to accept your ideology lets focus on why am sticking with my broker.

All your saying about lot size and Fill or Kill, partial fills etc, i can have that with Advance market, they gives me ability to use that, even also gray Label, 5 groups, 4 mt4 managers, in this case i will be using it personally but i can't use them actively currently

Yes the fact i can get my Money through stable coins like USDC and sent it any where in the world is that thing that caught my heart with EXNESS apart from the fact i had my first account with them right from when they began, they fill my order so every other thing i don't care.

2019-2021 was when i was trying to or learning how to flip my account so when i got it, took my account to good level and i moved on from there.
Check my last year trades on Gbpusd thread, i think i have one trading history with a withdrawal.

Flipping of account is real and so real that one can imagine, when people can do it they say it's wrong.

My Lord, to me there is no extra stress in putting my account in VPS and using a copier when am a swing trader. As long as i have that financial freedom of moving my money. Sorry to say it but my country is full with shitty capital control by the day.
The other day they Govt said the were going to convert all foreign currency in domiciliary accounts to Local currency but stopped when it was kicked
against by the citizens, they did something close to this before now.

I HAVE MY WAY AND YOU HAVE YOURS, MY WAY IS NOT THE ONLY WAY NIETHER IS YOUR, THERE IS NO SURE WAY. Cheers
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
A bit late, but not to late
https://www.londontradershow.com/more/top-trader-2024
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Extreme gut feeling trader
Quoting montygoldy
{image}
Are they good firm ?
Quoting HengkiTjen
{quote} Are they good firm ?
never used them but here alot of others have used and they all say its decent… for me only 10-5% target keeping me off ..
Extreme gut feeling trader
I have received mores than 10 payouts from FXIFY. They had a bad period after Deel closed doors to props, with a lot of internal disorganization, but now they seem fine again at payout processing (usually same day or next day through crypto).

I received an email from them today. Apparently they also improved the funded contract phase.

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https://trueforexfunds.com
Quoting Capablanca
I have received mores than 10 payouts from FXIFY. They had a bad period after Deel closed doors to props, with a lot of internal disorganization, but now they seem fine again at payout processing (usually same day or next day through crypto). I received an email from them today. Apparently they also improved the funded contract phase. {image}
Thank s
I will give it a try
Quoting Jolita
A bit late, but not to late https://www.londontradershow.com/more/top-trader-2024
All the restaurants in London and they choose the Oblix, which is shit.

Quoting Matteorossi
{image} https://trueforexfunds.com
Why would anyone trust them after what they did (assuming it's true, I've not seem them deny it yet)?
Quoting PropDude1234
{quote}All the restaurants in London and they choose the Oblix, which is shit. {quote}Why would anyone trust them after what they did (assuming it's true, I've not seem them deny it yet)?
tff in my eyes did nothing wrong … its just out of blue situation which they were not prepared of… and they be in prop industry way long with excellent reputation.. if they come back it’ll solidify their reputation same as funded engineers as per the updates they giving thats huge …
Extreme gut feeling trader
Quoting montygoldy
{quote} tff in my eyes did nothing wrong … its just out of blue situation which they were not prepared of… and they be in prop industry way long with excellent reputation.. if they come back it’ll solidify their reputation same as funded engineers as per the updates they giving thats huge …
I agree. This industry is basically an ocean of crooks and TFF is one of the most reputable crooks out there, despite all the bad things they do/did when not reimbursing tech problems, failing an account with corrections retroactively or the bad mouth of causing problems with +10K payouts.

There is nothing as a serious prop. Whoever is looking for it will die without finding anything. We just have to evaluate the level of "crookiness" in each one.
Quoting montygoldy
{quote} tff in my eyes did nothing wrong … its just out of blue situation which they were not prepared of… and they be in prop industry way long with excellent reputation.. if they come back it’ll solidify their reputation same as funded engineers as per the updates they giving thats huge …
I'm going to be honest and say I got TFF and FE mixed up there.

TFF may still carry MetaQuotes risks. I'd be surprised if MQ have allowed them licences (if they even had them in the first placeand weren't doing something very naughty which I've been told they were) after decisive action like that.

FE were most likely defrauding their key partners by lying about payout proof.

The almost cult-like support of these fragile, unprofessional, dishonest operators is bizarre.
Quoting PropDude1234
{quote}I'm going to be honest and say I got TFF and FE mixed up there. TFF may still carry MetaQuotes risks. I'd be surprised if MQ have allowed them licences (if they even had them in the first placeand weren't doing something very naughty which I've been told they were) after decisive action like that. FE were most likely defrauding their key partners by lying about payout proof. The almost cult-like support of these fragile, unprofessional, dishonest operators is bizarre.
Nobody is supporting its just these two were paying consistently that what matters for all the prop firm players…
Extreme gut feeling trader
Quoting montygoldy
{quote} Nobody is supporting its just these two were paying consistently that what matters for all the prop firm players…
It's one criteria, I agree.

But they can't payout if they run their business in a manner that results in temporary disruption or risking permanent disruption.

You don't see the likes of FTMO (appreciate they don't serve the USA) and the 5%ers messing up / losing business-critical relationships. It also questions, especially in FE's case, what else they're up to if they're willing to act so dishonestly.
  • #30,255
  • Quote
  • Edited 9:33am Feb 13, 2024 7:35am | Edited 9:33am
Quoting PropDude1234
{quote} what else they're up to if they're willing to act so dishonestly.
This is the question i keep asking, a powerful entity is saying you should not do biz with their citizen and you find a very illegal way
just to take those clients, use VPN and all that nonsense, that alone makes me believe you have a criminal mindset. if you find an excuse
to do that then it means you don't have respect for compliance, law and every other thing,
That alone tells me you will fuck me up when you have the chance.

These are the signs you look at for when opening a broker's account, a bank account or putting your money anywhere,
I Choose my brokers and business partners carefully that's why they can't scam me of my money and have never been.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #30,256
  • Quote
  • Edited 8:27am Feb 13, 2024 8:09am | Edited 8:27am
Quoting martinez1
{quote} This is the question i keep asking, a powerful entity is saying you should not do biz with their citizen and you find a very illegal way just to take those clients, use VPN and all that nonsense, that alone makes me believe you have a criminal mindset. if you find an excuse to do that then it means you don't have respect for compliance, law and every other thing, That alone tells me you will fuck me up when you have the chance. These are the signs you look at for when opening a broker's account, a bank account or putting your money anywhere,...
I understand what you are saying however, I don't think you can find any broker in the forex business that you could not find some dissatisfied customer. I will not be the first to sign up when they do return but, after a couple of months and things are back to the way they were with them paying out; I might. I think everyone in this game is shady; period. You have some brokers that have not even mentioned this publicly and still have Americans on mt5 and mt4 and I'm with some of them. So if that's the case and you are an American you can't really sign up with anyone.
  • #30,257
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  • Edited 9:05am Feb 13, 2024 8:43am | Edited 9:05am
Quoting Capablanca
We've been seen a lot of moves about US but FXIFY is surprisingly quiet. They are backed by FXPIG. Any views on this Takisd ?
Anyone accepting US residents as a prop or broker without RFED has breached their contract and will be dealt with by metaquotes. Source - Metaquotes management.

Additional warning: I would strongly advise people to avoid using the broker thinkmarkets at a prop. Currently thinkmarkets is asking people for 500k upfront to work with them knowing full well they are about to get told to ban US. If any prop owners are here in this thread, you should strongly reconsider doing this, thinkmarkets is known to be a very strange business and if you send that 500k and US is stopped, I would expect you not to get that money back sighting some breach of contract.
To add one thing to this. I do not think that its entirely fair what is happening, if you are going to go after the brokers and props, you should also go after the fraudulent account pimps on twitter and instagram who have been posting fake certificates and doing reverse trading to promote bad courses and scam signals.

This is an industry problem, going after only a select section of it isn't right especially when most of the wrongs are done else where.
fundednext - no more us clients
Love Cars & Money !
So who is left? FXIFY with FXPIG
Love Cars & Money !
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