Prop Firm Hub | Page 1851 | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

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

  • #37,001
  • May 28, 2024 6:51am May 28, 2024 6:51am
Quoting Quickly
{quote} {quote} Apex is on the way out, for sure. The only real question is "when"?
World War III will be quick to follow after Apex closure
  • #37,002
  • May 28, 2024 7:18am May 28, 2024 7:18am
Quoting failinforex
you can't be serious to hope that all these firms will guaranteed us with profit payments.

That's right.

Only the (futures) ones who genuinely open the funded accounts they advertise are likely to survive, and to be reliable payers on the partnership basis they promise.

Regulation will inevitably come.

The honest companies will naturally benefit from that, and are unsurprisingly doing all they can to encourage it.
  • #37,003
  • May 28, 2024 7:43am May 28, 2024 7:43am
Quoting fx_rookie
I actually do not wait for a payout. I have just started trading my PA accounts. This is just an observation.
Then I would highly suggest you to focus on your own trading and not on other people's ramblings and negativity. They are the ones who distract you from your trading not Apex. Some have been already been paid out multiples times but still feel free to harass Apex and sometimes throw lies because for some reason, they think it would make pressure on Apex to accept their payout requests faster. Others have been cheating like using martingale for some time and still want to be paid out but won't say they are cheaters. Others try to scam the system and are get caught but won't say publicly they are scammers, just that they haven't been paid out.

I have seen the worst in humans and scammers are not on our side.

Wherever there is a lot of money, there are a lot of scammers. And a firm like Apex needs to adapt and eject those scammers without penalizing legit traders. It's an ongoing process.

I am a normal trader, inconsistent and have not being refused a payout by Apex. I was even way way above the 30% consistency rule once and still got paid out because probably I was not relying on a windfall trade nor cheating the system. The manual payout review allows be to get approved and been paid out even if I didn't follow exactly the rules as long as I am not trying to cheat the system. It's always playing on my favor. I have never seen someone following rules and still get denied a payout. There is always a valid reason if you question him and dig into his case and I think the payouts numbers are speaking for themselves ($200M will be reached before summer...)

What is often happening is people getting having a windfall trade on some day and getting asked to trade more days but this is stated in the rule even if in practical, it's used on case by case.
Don't give up on your dreams. Keep sleeping.
  • #37,004
  • May 28, 2024 7:48am May 28, 2024 7:48am
Quoting Quickly
{quote} {quote} Apex is on the way out, for sure. The only real question is "when"?
I think they have a great money flow at the moment. But they are no different than the other props. They want people to fail.
The psychology of the man is the biggest factor in trading and they are pushing their clients to make a mistake.
But if they don't fail themselves, due to the unclear rules they have all the power to deny payment and ban them.
For sure they have to pay a lot of people just to keep the wheel turning.
  • #37,005
  • May 28, 2024 8:05am May 28, 2024 8:05am
Lets just focus on milking all the prop firms, and put money in our real live accounts. We all know they will not last forever. You need a good $100K in your own personal account to make a living.
Drawdown is more important than Account Size !
  • #37,006
  • May 28, 2024 8:12am May 28, 2024 8:12am
Quoting Artcool
{quote} Then I would highly suggest you to focus on your own trading and not on other people's ramblings and negativity. They are the ones who distract you from your trading not Apex. Some have been already been paid out multiples times but still feel free to harass Apex and sometimes throw lies because for some reason, they think it would make pressure on Apex to accept their payout requests faster. Others have been cheating like using martingale for some time and still want to be paid out but won't say they are cheaters. Others try to scam the...
Agreed. If a prop firm is living rent free in someone's head, causing anguish then my suggestions would be not to use them. Concentrate on growing ones own account. People still think that these firms are marriage material and obsess over every little thing, real or imagined. Mostly imagined. They should be used to fund ones own account and then leave them.
Trade with confidence, trade without fear.
  • #37,007
  • May 28, 2024 8:22am May 28, 2024 8:22am
Quoting fx_rookie
they are no different than the other props. They want people to fail.

For sure.

Of course the futures prop firms who genuinely open the funded accounts they advertise can benefit after funding people only if their customers make profits.

Their incentive is obviously for their customers to win.

It’s similar to the difference between a CFD "broker" and a futures broker: as you’ve rightly said, it’s all about whether they want you to win or lose.

If they want you to lose but they’re claiming that they want you to win - exactly what MyForexFunds did - then that’s obviously completely dishonest, and it shows you why regulation can only help all the future customers. That’s why financial regulation came to exist, in response to overwhelming public demand for it, of course.
  • #37,008
  • May 28, 2024 8:50am May 28, 2024 8:50am
Quoting Cryptosurf
{quote} Agreed. If a prop firm is living rent free in someone's head, causing anguish then my suggestions would be not to use them. Concentrate on growing ones own account. People still think that these firms are marriage material and obsess over every little thing, real or imagined. Mostly imagined. They should be used to fund ones own account and then leave them.
Your points is killing me with laughter even though your making a very valid point which i agree 100%.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #37,009
  • May 28, 2024 8:53am May 28, 2024 8:53am
Quoting Quickly
the futures prop firms who genuinely open the funded accounts they advertise can benefit after funding people only if their customers make profits. Their incentive is obviously for their customers to win.

Simple, factual, indisputable and self-evident.

Some people here will ignore it completely, hoping that you’re ("somehow???") "mistaken"; others will insult you and/or resort to questioning your identity, lol.
It’s all they can do, really, when confronted by obvious, irrefutable facts that don’t suit their prejudices and are something of an "embarrassing reality" for them.
  • #37,010
  • May 28, 2024 9:09am May 28, 2024 9:09am
Prop traders are not suppose to think they should use prop profits to buy a car or buy a house excerpt they already have their well
funded live accounts but if not that then i believe their main goal is suppose be getting a well funded personal account with prop profit
and then trade their live account using reduce risk same as props account and there will be making good amount to live of trading.

My personal view, but i understand peoples financial goals are different.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #37,011
  • May 28, 2024 10:18am May 28, 2024 10:18am
Quoting Artcool
{quote} Then I would highly suggest you to focus on your own trading and not on other people's ramblings and negativity. They are the ones who distract you from your trading not Apex. Some have been already been paid out multiples times but still feel free to harass Apex and sometimes throw lies because for some reason, they think it would make pressure on Apex to accept their payout requests faster. Others have been cheating like using martingale for some time and still want to be paid out but won't say they are cheaters. Others try to scam the...
Artcool, today there were some rumors in twitter that Apex was going to announce changes. Anything you know about it ?
  • #37,012
  • May 28, 2024 10:19am May 28, 2024 10:19am
Funding pips says they will pay weekly (to those that have no payout denied )
https://x.com/fundingpips/status/1795465917272400109
  • #37,013
  • May 28, 2024 10:23am May 28, 2024 10:23am
Quoting Capablanca
{quote} Artcool, today there were some rumors in twitter that Apex was going to announce changes. Anything you know about it ?
They alluded to some possible changes at the tail end of their latest video.
Inserted Video
Trade with confidence, trade without fear.
  • #37,014
  • May 28, 2024 10:31am May 28, 2024 10:31am
i just found this tweet on twitter i guess imma leave this one here xd https://pbs.twimg.com/media/GOqIWfLX...g&name=900x900
  • #37,015
  • May 28, 2024 10:57am May 28, 2024 10:57am
Quoting Capablanca
{quote} Artcool, today there were some rumors in twitter that Apex was going to announce changes. Anything you know about it ?
It was coming from the video quoted by Cryptosurf. I don't know anything more than that.
Don't give up on your dreams. Keep sleeping.
  • #37,016
  • May 28, 2024 11:00am May 28, 2024 11:00am
Quoting KoyaAndy18
i just found this tweet on twitter i guess imma leave this one here xd {image}
Yes, that about sums it up for the forex prop space. RIP.
  • #37,017
  • May 28, 2024 11:10am May 28, 2024 11:10am
Quoting KoyaAndy18
i just found this tweet on twitter i guess imma leave this one here xd {image}
Drawdown is more important than Account Size !
  • #37,018
  • May 28, 2024 11:24am May 28, 2024 11:24am
My inbox is suddenly flooded with excrement from The Funded Rug Pull (TheFundedTraders).

I guess their relaunch and "commitment" to paying those that got sodomized by them hinges on getting new rug sales
Pride always comes before destruction.... -Proverbs 16:18
  • #37,019
  • May 28, 2024 11:32am May 28, 2024 11:32am
From Topstep
Attached Image (click to enlarge)
Click to Enlarge Name: TOPSTEP.png Size: 23 KB
Drawdown is more important than Account Size !
  • #37,020
  • May 28, 2024 11:45am May 28, 2024 11:45am
Quoting procrude
From Topstep {image}
Lovely Buying 2 more right away.
Extreme gut feeling trader
45 traders viewing now