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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 KurtCZ
True Forex Funds - can't trade for days after requested profit split. @TrAndy1 do you have any recent experience with withdrawals from TFF?
I get my profit split on this Friday, then I could tell you more. As I have read that matter with the profit split is solved and you can trade at once they make the profit split wire. So far everything went damn fast. Between Phase 2 and Funded account were less than 12 hours so I could continue trading on the next day when I have finished with Phase 2. That is awesome fast. I cannot imagine you cannot trade for days when it comes to profit split, therefore everything goes too fast with them.
Quoting Nsak3y
{quote}-Sorry to say, but I have posted this image before... in this same thread... so the outlook does not look good. I remember watching an interview with MFF founder talking about this program. He said that when he told people about it, they said that it sounded too good to be true. That's because it is... but for MFF... not the trader. If I recall, MFF was the first to bring this kind of model to the scene. I honestly question whether or not they realize just how terrible it is. If they do, then that should cause some pause for...
5%ers been running this type model since 2016, CTI quite a few years as well.
FOMC is so far so good for me. I made +17.5 pips on UJ and +22.6 pips on EU, quick profits. Now I closed also with +30.1 pips in GU and +7.2 pips on NC and +25.5 pips on NU and +20 pips on NJ. On my second NC trade I made -4.6 pips. I am ready for today, it was a good day.

I am in my challenge of a 100k FTMO so far, after that I need to switch to Swing account. Leverage is not an issue for me. Of course I made nearly the same on my corresponding funded account on TFF but with lower trade size.
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Quoting Masterrmind
{quote} I will start with Ditto early next month. The discord is where most information is provided. They use MT5 only at the moment which suits me fine but a few teething issues. I'm confident things will run smoothly eventually. They are upfront about what's happening and also what can be expected later down the pipeline. Mike responds to questions on discord or email quite quickly so if you have pressing issues I'd suggest using discord or email if it's more of a personal nature. The numbers do not work out to be the best from the traders perspective...
Hey MM, just signed with Ditto. Will let you know how it goes.. trade well
Quoting pipmaster77
5%ers been running this type model since 2016, CTI quite a few years as well.
-Good to know. Thanks.

I have seen some direct funding models that are a bit better, but none of them compare to more traditional models where the draw-down allowance is significantly better.
Quoting Fagin
{quote} Hey MM, just signed with Ditto. Will let you know how it goes.. trade well
I signed up too.

Masterrmind ..........
Master your Mind then Master your Trades
Quoting KurtCZ
..... I must say that MFF trailing DD and shity customer care along with stalled payouts I read about does not encourage me to go with them. {image}
Try
- e8
- TFF
I signed up with TFF and there goes my dream of coping my trades I on FTMO
Don't know about FX but US.500 cash has different sizes. 20 on FTMO is 200 on TFF and there is cap of 200 for 1 position on TFF.
Also the market order fill is MUCH wors than on FTMO. I guess FTMO is not considered the best for no reason...
Means more work for me, but hey it's what I'm paid for
Otherwise account creation and login details were pretty much instant. No complaints there
Quoting KurtCZ
@TrAndy1 do you have any recent experience with withdrawals from TFF?
TFF Update
I got a congratulation email for my profit split which is tomorrow. Important is I could trade today until midnight and then close all trades before the payout day tomorrow. So there is no break here. Will let you know when I get my credentials to continue trading if there is any break which causes me to stop trading for one day.
Quoting TrAndy1
{quote} TFF Update I got a congratulation email for my profit split which is tomorrow. Important is I could trade today until midnight and then close all trades before the payout day tomorrow. So there is no break here. Will let you know when I get my credentials to continue trading if there is any break which causes me to stop trading for one day.
I don't much appreciate the mechanics of TFF on payouts.
It's like you said (you can trade until 23:59 today) but then they will take the day of tomorrow to process and probably you'll get credentials on Sunday or Monday morning (morning = morning in Europe). I already had a payout when they took 2 working days to send credentials.
And then the new 14 days period counts from the first trade of this new account.
I think they have plenty of room to improve in this aspect because 1 or 2 working days in each 14 days cycle it's too much waiting time. Trader needs to have multiple accounts to overcome this.

BTW, congratulations for the payout !
Quoting TrAndy1
{quote} TFF Update I got a congratulation email for my profit split which is tomorrow. Important is I could trade today until midnight and then close all trades before the payout day tomorrow. So there is no break here. Will let you know when I get my credentials to continue trading if there is any break which causes me to stop trading for one day.
How is the spread on EU and GU?

Yeah I hope they can improve on that payout. On FTMO you can trade even on payout day as long as you close everything before 23:59. Then next day you get a new account and they process the withdrawal immediately. (No loss of trading day) I receive my payout quick with them got it the next day. Hopefully you can suggest that. Do the payout similar with FTMO.
Be like water go with the flow
Quoting maflip
{quote} How is the spread on EU and GU?
I am still on their IC Markets server, they want to switch to their new own server. On IC Markets the spread for EU and GU is 0. On their own server it should be for both at 0.2. But the commission is reduced to $3.5 rtl so in total the trading cost are reduced for EU and GU. Overall their new own server have very similar conditions.
less than 1% to get to the profit target and move to phase 2.
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Trading is SIMPLE not EASY.
Quoting garfield75
less than 1% to get to the profit target and move to phase 2. {image} {image}
Congrats, can I ask what is the MFF spread on EU and GU? I heard, spread is bad now compared to before.
Be like water go with the flow
Quoting maflip
{quote} congrats, can i ask what is the mff spread on eu and gu? I heard, spread is bad now compared to before.
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All good here
Quoting pipmaster77
{quote} {image} All good here
Thanks
Be like water go with the flow
The Prop Trading is starting bi-weekly payouts after the first month. Great news.
Quote
We are very proud to celebrate with our trading community the official launch of our Biweekly Payouts.

Quote
Biweekly withdrawals (every two weeks) will be available immediately after you have received your first withdrawal. Your first withdrawal will be available 30 days after you started trading. The date for your “next withdrawal date” will be displayed on your dashboard under Profit Share tab.
Quoting maflip
{quote} Thanks
Oh Gawd! I was seriously thinking of signing up with MFF again. But after reading MFF thread here in FF. I see they still have long delayed payout issues. With FTMO, it's flawless and smooth with payout also quick.

Sorry for the MFF rant. I'm just trying to find an FTMO alternative better to have two prop than 1.
Be like water go with the flow
Quoting Capablanca
The Prop Trading is starting bi-weekly payouts after the first month. Great news. {quote} {quote}
Are you with them? I just scanned Trustpilot. There are so many complaints.
Be like water go with the flow
Quoting maflip
{quote} Are you with them? I just scanned Trustpilot. There are so many complaints.
I'm with them for some months now and, all several accounts together, I received 7 payouts so far.

I scanned through the most recent claims in Trust Pilot and those seem to be either related with the rules or with customer service.

They have a rule which sucks which is to limit to 5 lots per instrument (in 100K account) in the first 3 months of the funded account (or 2.5 lots in 50K account or 10 lots in 200K account). I lost myself 2 funded accounts because it's easy to make a mistake. This is immediate without any warning. I can admit this may be to trap traders but I can't blame on them. Either I accept that stupid rule or go elsewhere.
Customer service is absolutely horrible.
On credentials and payouts they are the most efficient IMO. Quite automated.

You can read the review I did on them here:
https://www.forexfactory.com/thread/...8#post13951368
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