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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

prop firm new model - my trading journey 871 replies

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Quoting montygoldy
{quote} Same story as skiledfundedtrader and tft...
Yup, same crap. I thought by this being in Germany it would be different. I don't know if someone has complained to the German government yet about not getting paid. I guess time will tell
Quoting woody70
{quote} Yup, same crap. I thought by this being in Germany it would be different. I don't know if someone has complained to the German government yet about not getting paid. I guess time will tell
That was my thought as well when they started. Who was the dumb scammer that would stablish a prop in one of the worse countries of Europe for that, if they were really intending to trick people. That's why I had some hopes on Peaks in the beginning (also because connor was involved). Then I started to see the rules change and so and I just got disappointed. Let's see what comes from here.
Quoting Capablanca
{quote} We have reserves but we won't use them in a situation when the reserves should be used because we are looking for someone to come with fresh money. This is the same than saying that we are insolvent, we have no reserves at all and we're praying that someone picks this up. We can never get bored in CFD prop world.
What I have heard is a little contrary to what you have heard. But still equally as annoying. Margin account is not reserve, it is margin for trade. Thats why what I have heard is different.
Quoting woody70
Our business is solvent but money allocations are a bit sideways.
Creative way of saying they have no money.
Trade with confidence, trade without fear.
Quoting Cryptosurf
{quote} Creative way of saying they have no money.
Exactly
Quoting Cryptosurf
{quote} Creative way of saying they have no money.
not home to write long winded comments on it and mobile phone + fat thumbs doesnt help. peaks will be fine they passed some due diligence which means at least internally what they say is true. their past public performances however leave little to be desired. a new twist in prop firm drama is upon us.

i forgot to add to this message whilst battling my connection expect a lot of changes and disclosures leading into any investment. if anyone is serious loose ends have to be tied up.
Quoting woody70
This just in from Funded Peaks. Dear Traders, As some of you may know, there has been a delay in some payouts recently and we are working diligently to get things back up to speed. There are a few reasons for the delay in payouts which we would like to address publicly as well as our coming solution. Our database of traders has increased significantly and with our competitive trading conditions some large groups of people looking to take advantage of Prop Firms have entered and we must filter them out. A quick example of these types is one trader...
They should all just copy and paste the same thing......

Sorry, our payouts have exceeded our incoming challenge fees, we were hoping more people would fail. We are working dilligently to maipulate the rules and conditions to ensure we attain a higher failure rate. We appreciate your patience during these difficult times.
Quoting pipmaster77
{quote} They should all just copy and paste the same thing...... Sorry, our payouts have exceeded our incoming challenge fees, we were hoping more people would fail. We are working dilligently to maipulate the rules and conditions to ensure we attain a higher failure rate. We appreciate your patience during these difficult times.
if they knew how to manipulate conditions none of them would be in these predicaments it seems like they all just decided ahhhh mff used profiles lets make some profiles and put lots of numbers in them and hope.
Quoting pipmaster77
{quote} They should all just copy and paste the same thing...... Sorry, our payouts have exceeded our incoming challenge fees, we were hoping more people would fail. We are working dilligently to maipulate the rules and conditions to ensure we attain a higher failure rate. We appreciate your patience during these difficult times.
Quoting coastie0194
Driven 18 is a keyboard warrior, I lived in Alaska and trapped wolves. He's a fake so change your profile picture to a sheep.
coastie0194, You know nothing about me, You are just another hater, an idiot and a piece of SHIT, how about that? Change your profile to this .
Quoting Takisd
{quote} What I have heard is a little contrary to what you have heard. But still equally as annoying. Margin account is not reserve, it is margin for trade. Thats why what I have heard is different.
I have heard nothing apart from what was written by them.
The payout delays, some for several weeks, it's something public in twitter for a while now, much before they wrote this.
I hope you're right, honestly. There are two props that I would feel sorry if they go down: peaks and engineer (and I have no funded with any of them, so not much skin in the game except a challenge is each).
Quoting Capablanca
{quote} I have heard nothing apart from what was written by them. The payout delays, some for several weeks, it's something public in twitter for a while now, much before they wrote this. I hope you're right, honestly. There are two props that I would feel sorry if they go down: peaks and engineer (and I have no funded with any of them, so not much skin in the game except a challenge is each).
engineer is over. there is no return going to shake hands with khaled only poisons the well further.
apex sent me a milestone coupon but didnt tell me what the milestone is. What is the milestone?
Quoting Takisd
apex sent me a milestone coupon but didnt tell me what the milestone is. What is the milestone?
200mil payouts...
Extreme gut feeling trader
Quoting montygoldy
{quote} 200mil payouts...
oh, so they want my money to make it 250mil
I have realized sooner or later all these forex firms will go away. Reasons
1. Prop firm popularity dying in forex due to alot of scams n issues.
2. There is no other way to generate funds coz nobody actually copies profitable traders.
Extreme gut feeling trader
Quoting Takisd
{quote} oh, so they want my money to make it 250mil
Yes your 40$ buck will help them reach faster..... also Darell's next Lambo...
Extreme gut feeling trader
Some. giveaways happening this week for Topstep..... its always handy to have a free reset.
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Extreme gut feeling trader
Quoting montygoldy
{quote} Yes your 40$ buck will help them reach faster..... also Darell's next Lambo...
its a special $40 it could be the difference between solvency and insolvency.
Quoting montygoldy
I have realized sooner or later all these forex firms will go away. Reasons 1. Prop firm popularity dying in forex due to alot of scams n issues. 2. There is no other way to generate funds coz nobody actually copies profitable traders.
2. there arent actually long term profitable traders at least not a viable number of them to benefit from it with an 80+% profit split.
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