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Anyone trading with a Prop firm 6 replies

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Attachments: Prop Firm Hub
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Prop Firm Hub

Quoting Masterrmind
PROP FIRM HUB Real traders discussion about Prop Firm activity. Traders may post their attempts at gaining a funded account. Traders may discuss the pros and cons of various prop trading firms. All discussion that is inline with thread title is welcome. Keep it civil here guys and let's sort the real from the myth. Traders showing TE’s of challenges and verifications should be cheered on and not discouraged. Traders can show or hide their TE’s at their preference without ridicule from other thread participants. Traders who show their TE’s or post...
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Quoting LehmanBrotha
{quote} Thanks for the info, I got one rithmic acc and couldn't find it there. Is it freely available on Tradovate or just as an addon?
You need to buy data exchange subscription from Tradovate ($23 a month for level 2 data)
Don't give up on your dreams. Keep sleeping.
Quoting ladder
OK, time to report my experience with Finotive funding. I bought a 100K two-phase challenge from Finotive. I knew Finotive has a bad reputation in this thread, but I wanted to diversify my challenge accounts with several prop firms, and I joined their discord and telegram group and felt that the support team seemed polite and responsive. I passed the two-phase challenge, but then I received an email 'Challenge Progression Rejected'. The reason they gave in the email is 'gambling'. They allow 100:1 leverage, I only used less than 15:1 leverage. I...
Thanks for sharing the experience.
Finotive seems to have, over and over again, the same modus operandis. Either you lose the account or they make you repeat the challenges and/or denying the accounts (refunding) and /or denying payouts. It's a win / win situation.
Is this a red-flag?.
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Blue is closing all funded positions if the accounts gets to 2% dd

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I'd like to ask hereby community for advice.
Let's say, I've got a statistical arbitrage (spread mean reversion) strategy, and I'd like to use it in prop trading.
I do not use SL and TP obviously, so I'd need the firm which allows putting trades w/o SL, having leverage at least 1:50 on FX, Indices and Commodities (1:100 would be ideal), and allows news and overnight trading, is established in the industry, and offers MT5 or cTrader. I found Darwinex Zero so far, any other suggested candidates appreciated.
Please refrain from UTFG.
Chase value, not price
Quoting mcquak
Please refrain from UTFG.
Ultra-thin flexible glass? Understanding the four gospels??

Unsure … but Darwinex is not a prop-firm, anyway.

Did you already look at 5%ers ("high stakes" 1:100) and at FTMO?
Quoting mcquak
I'd like to ask hereby community for advice. Let's say, I've got a statistical arbitrage (spread mean reversion) strategy, and I'd like to use it in prop trading. I do not use SL and TP obviously, so I'd need the firm which allows putting trades w/o SL, having leverage at least 1:50 on FX, Indices and Commodities (1:100 would be ideal), and allows news and overnight trading, is established in the industry, and offers MT5 or cTrader. I found Darwinex Zero so far, any other suggested candidates appreciated. Please refrain from UTFG.
Don't want to be negative but sounds too many "bad" requirements that props tend to avoid theses days.
1:50, no SL, news trading and, obviously, that don't make a fuss at payout time.
The news rule probably eliminates most of them. Out of my mind I'm thinking that FXIFY and Funded Next may be the best candidates for all that (though I'm convinced that with news trading and high leverage sooner or later you will be have troubles anyway).
Quoting Expo33
{quote} She makes me feel dirty. I miss her
Hi Expo33. I have a question for you. Is there any chance to make some money on Darwinex in first moths ? Im really sick of all Prop firms. One of the biggest and oldest firms just cancelled my account and my payment was denied because of a bug on their system. They promised me a new account a week ago but it seems like they dont give a f*ck, they just want my money. Thank you for your time
Quoting Capablanca
{quote} Don't want to be negative but sounds too many "bad" requirements that props tend to avoid theses days. 1:50, no SL, news trading and, obviously, that don't make a fuss at payout time. The news rule probably eliminates most of them. Out of my mind I'm thinking that FXIFY and Funded Next may be the best candidates for all that (though I'm convinced that with news trading and high leverage sooner or later you will be have troubles anyway).
fundednext will deny for sure.
Quoting MoHoSK
{quote} Hi Expo33. I have a question for you. Is there any chance to make some money on Darwinex in first moths ? Im really sick of all Prop firms. One of the biggest and oldest firms just cancelled my account and my payment was denied because of a bug on their system. They promised me a new account a week ago but it seems like they dont give a f*ck, they just want my money. Thank you for your time
Which firm was that?
Quoting Capablanca
{quote} Don't want to be negative but sounds too many "bad" requirements that props tend to avoid theses days..
No worries

Quoting Capablanca
Out of my mind I'm thinking that FXIFY and Funded Next
Thanks, will check them!

Quoting Quickly
{quote} Ultra-thin flexible glass? Understanding the four gospels?? Unsure …
The latter (If I may chose)
Quoting Quickly
{quote}but Darwinex is not a prop-firm, anyway. Did you already look at 5%ers ("high stakes" 1:100) and at FTMO?
I meant DarwinexZero, but yeah, it is a bit different than prop firm. 5%ers needs SL but it is also good candidate having high leverage .
I do not like FTMO. They have got trouble making rules, but I understand it is the most favored firm in this thread. No offense.
Chase value, not price
Quoting mcquak
{quote} No worries {quote} Thanks, will check them! {quote} The latter (If I may chose) {quote} I meant DarwinexZero, but yeah, it is a bit different than prop firm. 5%ers needs SL but it is also good candidate having high leverage . I do not like FTMO. They have got trouble making rules, but I understand it is the most favored firm in this thread. No offense.
https://www.fxify.com/faqs/all-faqs/...-the-leverage/
FXIFY Leverage Indices 10:1. Pass... Why not trade with own account with a 100:1 broker or something if the leverage is that low. Weird.
Quoting driven18
{quote} The truth and with sincerity: stack it brah, you gonna blow it anyway..the quicker you realize that prop business is in a business to find 95% of people like you, who blows the accounts quickly, the quicker you can cure yourself from this business. I posted for you before, notice, nothing changed, except less money in your personal bank account.
Appreciate your concern. Let me give you a clear picture of things what i think and why i go crazy with prop firms...
1. Trading is a hobby for me not my bread n butter. Its a activity for me which i enjoy.
2. Prop firm gambling yes/maybe. I spent 4k out of my pocket when i started last year and since then i pulled my original 4k out of the loop and play with payouts i earned. So nothing there for me to lose. You can call i lose time n energy but in my case i dont coz i try to get quick results either my way or highway.
3. For me i need to win one time out of for example 10 tries which will cover my next 50-60 challenge money (n i do better than that).
4. Everyone situation, mindset and goals are different when it comes to trading. My goal is to go big or go home thats it.
Extreme gut feeling trader
Quoting mcquak
5%ers needs SL but it is also good candidate having high leverage .
5ers advise 1% risk per trade which may be or not a problem for you (not mandatory to enter SL). There are several traders reporting that they were put in probation during some period on 1% ax risk per trade until 5ers reevaluate risk).

News trades are not allowed in 5ers. They say they don't bother if you open it 3 or 4 hours before and close during trades but if you abuse from it it may be a problem.

But, yep, thinking better 5ers may be a good option.

FTMO has the habit or limiting leverage to 1:5 when people use to much leverage / risk.
Quoting labu
{quote} https://www.fxify.com/faqs/all-faqs/...-the-leverage/ FXIFY Leverage Indices 10:1. Pass... Why not trade with own account with a 100:1 broker or something if the leverage is that low. Weird.
Glad you mentioned it, it is another viable option, right.
Chase value, not price
Quoting BluesUntukAk
Hidden
Dont think so mr affiliate link.
Quoting Takisd
{quote} Dont think so mr affiliate link.
Then dont
Newbie here
Quoting BluesUntukAk
Hidden
First time in the thread, speaking of a unknown prop, not sharing personal experience and posting an affiliate link.

You could not have a more apotheotic beginning here.
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