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  • #12,701
  • Nov 25, 2022 11:53am Nov 25, 2022 11:53am
I got paid from FTMO recently, if that means anything to anyone. FF presence doesnt really mean anything, this forum (not this thread) is mostly dead anyway compared to what it used to be.
  • #12,702
  • Nov 25, 2022 1:32pm Nov 25, 2022 1:32pm
Quoting TrAndy1
So what are the trader profile criterias of having a better or worse feed on prop firm like MFF for example? When do you get worse slippage? How do they discriminate ?
Hi TrAndy. Hope you're doing great.

I'm aware that MFF, when it comes to trading conditions, actually helps the general population of their traders by smoothing out the price feed at MFF's expense. In my experience, they let me on to the raw quotes from their LPs after a lovely conversation with management. They did this because when I trade manually I do pack on quite a bit of size, and might or might not hold for very long. To be honest, its not bothered me none. I'm not denying that you could get slippage here and there, but I definitely think it wouldn't be in any measure to turn a winning trader into a losing one..
  • #12,703
  • Nov 25, 2022 1:35pm Nov 25, 2022 1:35pm
Quoting TrAndy1
So let me summarize the discussions over the last days here. Significant slippage seen on MFF over order tickets of 10 lots, with 1 pip too much than usual, like on IC Markets as comparison, then two others complaint about CONSTANT WORSE EXECUTION ON MFF too. That was on lower lot sizes. So this is only a summary of those !!!
I'm not sure that's a fair assessment though, we should consider how they're executing..
  • #12,704
  • Nov 25, 2022 1:39pm Nov 25, 2022 1:39pm
Quoting TrAndy1
{quote} One more offense from you!!!! You call me what spouting ???? Did you not forget how much value I brought in here with my sheet and prop firm score calculation ???? Better to leave this thread forever. I just regret that I have provided some value in the overall discussion with some math. But go ahead with your slippage discussion.
Thank you for the spreadsheet TrAndy..
  • #12,705
  • Nov 25, 2022 1:49pm Nov 25, 2022 1:49pm
Quoting Takisd
I got paid from FTMO recently, if that means anything to anyone. FF presence doesnt really mean anything, this forum (not this thread) is mostly dead anyway compared to what it used to be.
I get you. To me, FF has lost its community feel. I easily tracked different threads across the site from my profile page before the "upgrades" to the notification system; alas I only frequent this thread now.

Ps. Hope the new year eases the discomforts. Look after you..
  • #12,706
  • Nov 25, 2022 2:33pm Nov 25, 2022 2:33pm
Quoting Causation
Last week I submitted the request as per usual but the invoices have just sat there waiting for over a week now which is kind of shift from the normal times to expect.
Just to close the loop on this one. They got back to me along with payment which was still within the 14 day terms. It sounds like they might have had some technical issues outside of their immediate control. The one thing that would have been nice is that I hope in the future they can improve the comms in such situations when typical timeframes aren't able to be met.
  • #12,707
  • Edited 5:41pm Nov 25, 2022 5:28pm | Edited 5:41pm
Quoting Takisd
Most likely there are user profiles which determine how much of the real market effect you feel.
-This is a very interesting consideration. Difficult to know how to feel about it.

Quoting TrAndy1
Go to your hospital and poor country Greece and look to get healthy soon, because you need it.
-This kind of comment is unnecessary. Better to keep things civil.
  • #12,708
  • Nov 25, 2022 6:22pm Nov 25, 2022 6:22pm
Quoting Nsak3y
{quote}-This is a very interesting consideration. Difficult to know how to feel about it. {quote}-This kind of comment is unnecessary. Better to keep things civil.

The profiles thing generally is a good thing that looks kinda sucky. It makes the business healthier so longevity is more likely which if you are successful makes for a positive experience. If someone is looking for something to blame for failure, its quite bad but as mentioned previously real trading conditions would deter most of the inexperienced retail traders.
  • #12,709
  • Nov 25, 2022 7:45pm Nov 25, 2022 7:45pm
Quoting Takisd
The profiles thing generally is a good thing that looks kinda sucky. It makes the business healthier so longevity is more likely which if you are successful makes for a positive experience. If someone is looking for something to blame for failure, its quite bad but as mentioned previously real trading conditions would deter most of the inexperienced retail traders.
-I think so. This is my sentiment about it and why it may be difficult to know how to feel about it. I suppose, as you say, it may depend on the person. Perhaps also, on the intent of the firm.
  • #12,710
  • Edited 11:38pm Nov 25, 2022 9:24pm | Edited 11:38pm
In the recent past, there has been some negative posts about Firms regarding slippage , spread, platform freezing, Non payout of profit share from reputed Firms.

It is better to discuss these points so that people are aware.

As some one said, every reputed firm has one or two negative aspects.

Profit share payout comes first. If some firm does not pay or no history of payouts, these firms can be easily taken out from Prop firm list for us.

Spread is another aspect, which, one should definitely see. This impacts directly on outcome. profits/loss.

We need to know good and bad aspects of even reputed firms. Unless people talk about bad things, we shall be losers, the firm will continue to enjoy on past glories.

Spreads, time taken for login credentials, time taken for providing funded accounts.. trading conditions all matter.

" DO NOT TALK ON MY REPUTED FIRM" attitude is not going to help anyone here. The purpose of the thread then is defeated.
Intraday only.
  • #12,711
  • Edited 10:04pm Nov 25, 2022 9:53pm | Edited 10:04pm
Quoting navk
In the recent past, there has been some negative posts about Firms regarding slippage , spread, platform freezing, Non payout of profit share from reputed Firms. It is better to discuss these points so that people are aware. As some one said, every reputed firm has one or two negative aspects. Profit share payout comes first. If some firm does not pay or no history of payouts, these firms can be easily taken out from Prop firm list for us. Spread is another aspect, which one should definitely see. This impacts directly on outcome. profits/loss....
My experience is kind of different, when I start fresh funded account slippage is not bad but it gets worse with profits. When profit starts increasing around 5-10% spread becomes consistent for 2-3 lots on 100 or 200K account. The problem is not occasional but consistent 0.03 slippage. I am not sure why there is no positive slippage.
I used to have 10K account and 200K funded account, when I made 10% profit on 10K account around 2k, I accidently place 10 lot US30 trade on 10K account instead of 200K, I saw 10$ slippage, I place same time fresh 200K account 10 lot no slippage. Thats shady algorithm.
Indices are way better on MyFF and FTMO than other firms. Somehow forex is always having slippage even though they have highest liquidity. As long as they pay all is well.
  • #12,712
  • Nov 25, 2022 10:14pm Nov 25, 2022 10:14pm
Quoting sampat
{quote} My experience is kind of different, when I start fresh funded account slippage is not bad but it gets worse with profits. When profit starts increasing around 5-10% spread becomes consistent for 2-3 lots on 100 or 200K account. The problem is not occasional but consistent 0.03 slippage. I am not sure why there is no positive slippage. I used to have 10K account and 200K funded account, when I made 10% profit on 10K account around 2k, I accidently place 10 lot US30 trade on 10K account instead of 200K, I saw 10$ slippage, I place same time...
First of all Congrats on Funded account.

Yes, may be the provider's feed is manipulated by Firm for slippage.

We should always be aware what is happening and keep searching/winning challenges from Good firms, not necessarily reputed firms.

In line with our view, profit share payouts come first.

There is not to be any hiding here about negatives of firms. This thread created by Mastermind has immense contributions about good and bad.
Intraday only.
  • #12,713
  • Nov 26, 2022 2:35am Nov 26, 2022 2:35am
Quoting sampat
{quote} My experience is kind of different, when I start fresh funded account slippage is not bad but it gets worse with profits. When profit starts increasing around 5-10% spread becomes consistent for 2-3 lots on 100 or 200K account. The problem is not occasional but consistent 0.03 slippage. I am not sure why there is no positive slippage. I used to have 10K account and 200K funded account, when I made 10% profit on 10K account around 2k, I accidently place 10 lot US30 trade on 10K account instead of 200K, I saw 10$ slippage, I place same time...
It does seem as if there's a pattern happening here among even the bigger prop firms from the replies here. That the higher profit accounts gets targeted by the prop firms in various ways. It would be logical I suppose since taxation works in similar way in Europe higher tax on the richest those in more profit. These prop firms I don't think they can churn out infinite amount of cash and as they get more profitable high tier traders the higher accounts will get nerfed more in time.

As it seems from a new traders perspective right now. The best option is to use low tier accounts 10k-50k using trade copier for reliablity and stability. Thanks for sharing your info. Invaluable.
  • #12,714
  • Nov 26, 2022 4:11am Nov 26, 2022 4:11am
I think with large size on FX, it is unrealistic to expect positive slippage. Unfortunately when spreads are lower than where the market is actually at, most chances of a positive go out the window. Eur/usd , most firms were pricing 0-0.3 yesterday, when the institutional spreads were no lower than 0.8 due to thanksgiving. Its kind of a "price you pay for trading size" scenario.

CFD's is different, technically there should be slippage on every trade due to how slow it is to execute trades as there is an additional step in the process but all the non eightcap firms have minimal slippage on cfd's.

The latter I think is because of the absolute shit show that comes with slippage from the client base and the fact that us30 is probably the most traded instrument in prop firms. I can't fathom how annoying it would be to have thousands of people saying you are manipulating things when you aren't. The headache.... the burden....

Most of the big firms have a pretty good balance.

1) They pay out
2) The feeds aren't so bad
3) They deter people abusing the system and thus ruining it for everyone else
4) They are reasonable in their approach to complaints

I have been sitting in the Firstclassforexfunds discord for days now and I can see that their approach is different to everyone elses. They are berating customers for complaining and being patronizing to idiots and of course banning people. Not sure if its a good approach but it might make people think twice about using them and also might make people behave when they are respected. After the multiple videos of their massive slippage on every order (mine was 10 pips on us30) they have since changed the server settings 3 pips which is tolerable. But I can imagine a bunch of people lost their account due to the slippage.
  • #12,715
  • Nov 26, 2022 5:00pm Nov 26, 2022 5:00pm
If there's no slippage, than it's probably demo / instant execution.

The whole point Takisd raised about people screaming about slippage reminded me about the divide between retail and institutional traders. Watched this video recently on technical analysis and institutional trading -
Inserted Video
- and makes me think that with the scenario you describe, traders should be thinking about where the pockets of liquidity will be (institutional style) as opposed to sending through huge orders and expecting zero slippage (beginner retail).
  • #12,716
  • Nov 26, 2022 5:23pm Nov 26, 2022 5:23pm
Good video but I doubt many prop firm traders would pay attention.

At one point i was chatting to people on discords and trying to help and it always felt like they have the "everyone else but me" syndrome where they truly believe they are the exception and not the rule.
  • #12,717
  • Edited 6:03pm Nov 26, 2022 5:52pm | Edited 6:03pm
Quoting WhoopTrader
If there's no slippage, than it's probably demo / instant execution. The whole point Takisd raised about people screaming about slippage reminded me about the divide between retail and institutional traders. Watched this video recently on technical analysis and institutional trading - https://www.youtube.com/watch?v=f19bfHpCths - and makes me think that with the scenario you describe, traders should be thinking about where the pockets of liquidity will be (institutional style) as opposed to sending through huge orders and expecting zero...
Again if there is constant slippage of 0.03 no matter what time. It is again shady thing. I understand slippage can occur but no positive slippage plus constant slippage also creates doubts. How slippage can be constant I have tested 10 lots even 50 lots. Does that say they putting orders in live market.
As I said earlier as long as I get paid I dont care but nothing says that MyFF and FTMO puts trade in the market thats why there are slippages.
Institutional BS doesn't apply to online prop firms like FTMO or MyFF.
  • #12,718
  • Nov 26, 2022 9:51pm Nov 26, 2022 9:51pm
Quoting sampat
{quote} Again if there is constant slippage of 0.03 no matter what time. It is again shady thing. I understand slippage can occur but no positive slippage plus constant slippage also creates doubts. How slippage can be constant I have tested 10 lots even 50 lots. Does that say they putting orders in live market. As I said earlier as long as I get paid I dont care but nothing says that MyFF and FTMO puts trade in the market thats why there are slippages. Institutional BS doesn't apply to online prop firms like FTMO or MyFF.
Yeah, 10 lots and 50 lots are pretty big orders. I highly doubt most brokers would have 5,000,000 in liquidity at the top of their order book. Even 10 lots (1,000,000) can be really dependent upon time of day. If you are trading in non-US session times, you are probably looking at maybe 50K to 500K on top of book. Bear in mind it's been a while since I've looked at broker depth of market displays. Here's a link to what I'm talking about: https://www.daytrading.com/level-ii

To test out if you are really being cheated, what you'd need to do is: 1. get a VPS co-located with your broker's server (e.g. New York or wherever) so you can say that latency isn't your issue (sometimes the market can move before your order is filled); and, 2. place some small trades like 0.01 lots because that's definitely going to be a top of book trade. If you have a VPS co-located with the broker server and getting slippage on a 0.01 lot trade (provided the market isn't super volatile), than, yeah, maybe something weird is going on. Otherwise, it's probably normal to get slippage on $1,000,000 and $5,000,000 orders.
  • #12,719
  • Edited 12:51am Nov 27, 2022 12:37am | Edited 12:51am
Quoting WhoopTrader
{quote} Yeah, 10 lots and 50 lots are pretty big orders. I highly doubt most brokers would have 5,000,000 in liquidity at the top of their order book. Even 10 lots (1,000,000) can be really dependent upon time of day. If you are trading in non-US session times, you are probably looking at maybe 50K to 500K on top of book. Bear in mind it's been a while since I've looked at broker depth of market displays. Here's a link to what I'm talking about: https://www.daytrading.com/level-ii To test out if you are really being cheated, what you'd...
I am not denying slippage, it may happen but it is difficult to digest same slippage for all lots and all pairs. Slippage can be 0.01, 0.02, 0.03 or 1 etc. If slippage remains constant that means they are B-Booking not placing actual order and turning odds against trader. I have traded with same lot size with Forex.com (I know they are B-Booking so no slippage), Interactive brokers no slippage, IC markets is another level of broker as one always see tight spreads but always have slippage.

Disclaimer : Don't get me wrong MyFF and FTMO are legit firms and always pay on time. These firms have least slippages I can see, Only other firm I saw no slippage is ThePropTrading when they have 10 lot restriction otherwise firms like E8, True Forex firm etc have way worse slippages if you trade bigger lots as compare to top ones.
  • #12,720
  • Nov 27, 2022 3:09am Nov 27, 2022 3:09am
Quoting sampat
{quote} Again if there is constant slippage of 0.03 no matter what time. It is again shady thing. I understand slippage can occur but no positive slippage plus constant slippage also creates doubts. How slippage can be constant I have tested 10 lots even 50 lots. Does that say they putting orders in live market. As I said earlier as long as I get paid I dont care but nothing says that MyFF and FTMO puts trade in the market thats why there are slippages. Institutional BS doesn't apply to online prop firms like FTMO or MyFF.

But you are wrong. You should be getting slippage on every order of 10 lots of 50 lots because retail top of the book is usually between 1k and 100k. Thats why the spreads are tighter, retail LP's artificially lower it by adding smaller orders into the book. If you use integral for example, or primexm, the top of the book is almost ALWAYS 1k which is 0.01 lot and the minimum for execution.

So whilst its infuriating, it makes absolute sense why ftmo or mff or anyone else would be slipping your 1million dollar orders. The slippage on every order should be small but constant.

RE: Interactive brokers, they are one of the biggest retail market makers in the world if not the biggest. Thats why they dont slip you.
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