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Prop firms offering retail traders trading accounts -Risk free

  • #21
  • Aug 24, 2018 1:15pm Aug 24, 2018 1:15pm
Quoting Samson85
{quote} Yep that's sounds like a plan to be fair and a good option. So basically use them to make money then go solo. If you have the ability to get the 1 mill account what do you do?
the 1 million is not an impossible dream.
(you can dig up my journal...)
however, those accounts come with conditions, and in the end it may not be that much better than having 20k of your own funds without restricting it from left and right.
anyway, it is about weekend, time to enjoy the freedom!

Quoting Mandariin
There are more and two of them with 80 % payout https://www.topsteptrader.com/ they were the first I think who started with this business model. https://smbcapital.lpages.co/smb-futures-proprietary-trading/ https://oneuptrader.com/
about a week or so ago i had made a post in the commercial section about TST model and viability.
same of the Hinged guy's.

a lot of these pay for account look a lot better for noobs than to have some own funds in the game, but there is usually a catch, and one doesnt have to scratch the surface too hard to find it out.
there is always, always another trade!!
  • #22
  • Aug 24, 2018 1:23pm Aug 24, 2018 1:23pm
Don't be delusional, this is quite old and proven scheme. These "prop firms" make money ONLY from subscriptions and from charging new interns "training" fees.
  • #23
  • Aug 24, 2018 1:39pm Aug 24, 2018 1:39pm
Quoting alphaomega
Don't be delusional, this is quite old and proven scheme. These "prop firms" make money ONLY from subscriptions and from charging new interns "training" fees.
+1
  • #24
  • Aug 24, 2018 1:52pm Aug 24, 2018 1:52pm
Quoting Samson85
{quote} Yep that's sounds like a plan to be fair and a good option. So basically use them to make money then go solo. If you have the ability to get the 1 mill account what do you do?
Continue to do the same, 1 Mil or 10k, put the money in your own account, if you consistentky make money for say 6 months-12 months you don't start losing all of a sudden
  • #25
  • Aug 24, 2018 2:57pm Aug 24, 2018 2:57pm
Nice thread, subscribed, this is a good collection of funding opportunities to keep in mind for the future.

Regarding the monthly payments, it really shouldn't be a problem to monthly make and spend 100-200-300 dollars on a 25k-150k account, if you are profitable on it. And also considering you are already trading and growing your own money as well, which is free. And you can also get friends or investors to invest in your trading (although a private person will definitely ask for 50-50, just as these companies). Who turns down free, extra money? It is not like trading becomes any more difficult or different with more money, so who cares?

A person can apply to all of the prop firms over time, trade other people's money and trade his own. This all comes down to the same thing, as other things in life. If one can perform well (trade in this case) over time more and more doors will open, if one can't, none will.

There is also a possibility to stop trading with a specific company if over time you discover, that they try to scam you or something.

I must say though, I'm sceptical with their training material as well, or the ones forcing you to exclusively learn and trade their own strategy. I also don't like that many of them don't allow having a trade open overnight.
Price and volume reveals everything. The market moves on supply and demand.
  • #26
  • Aug 24, 2018 3:09pm Aug 24, 2018 3:09pm
Quoting alphaomega
Don't be delusional, this is quite old and proven scheme. These "prop firms" make money ONLY from subscriptions and from charging new interns "training" fees.
recently I attended a free webinar by the famous SMB capital prop firm.

to my surprise; at the end of the webinar they advertise to sell their support/resistence video course at $5000 and for a limited time only !!!!

total shock. they are educational firm hiding behind prop firm.
  • #27
  • Aug 24, 2018 3:33pm Aug 24, 2018 3:33pm
Quoting alphadude
{quote} recently I attended a free webinar by the famous SMB capital prop firm. to my surprise; at the end of the webinar they advertise to sell their support/resistence video course at $5000 and for a limited time only !!!! total shock. they are educational firm hiding behind prop firm.
Hahahahahahahah are you kidding? Support and resistance. That's the funniest thing I heard in forex!!!
  • #28
  • Aug 24, 2018 3:36pm Aug 24, 2018 3:36pm
Quoting Darastonius
Nice thread, subscribed, this is a good collection of funding opportunities to keep in mind for the future. Regarding the monthly payments, it really shouldn't be a problem to monthly make and spend 100-200-300 dollars on a 25k-150k account, if you are profitable on it. And also considering you are already trading and growing your own money as well, which is free. And you can also get friends or investors to invest in your trading (although a private person will definitely ask for 50-50, just as these companies). Who turns down free, extra money?...

The main purpose of the thread is to stop people losing money. I have seen someone lose 25k this week and it hurt.

Retail traders need to use funds they can afford to lose or trade other peoples money which will force them to take a more professional/strategic approach
  • #29
  • Aug 24, 2018 3:37pm Aug 24, 2018 3:37pm
Quoting Don96
{quote} Continue to do the same, 1 Mil or 10k, put the money in your own account, if you consistentky make money for say 6 months-12 months you don't start losing all of a sudden
People blow accounts due to poor risk management. With prop funds you have 0 choice but to use risk management because it's fixated in the lots available
  • #30
  • Aug 24, 2018 3:37pm Aug 24, 2018 3:37pm
Quoting fx75
{quote} +1
Errrrrrrrm ok.......
  • #31
  • Aug 24, 2018 3:38pm Aug 24, 2018 3:38pm
Quoting alphaomega
Don't be delusional, this is quite old and proven scheme. These "prop firms" make money ONLY from subscriptions and from charging new interns "training" fees.
Blufx offers 0 training and just an account. You're on your own. So nothing to do with fees
  • #32
  • Aug 24, 2018 3:39pm Aug 24, 2018 3:39pm
Quoting profitfarmer
{quote} the 1 million is not an impossible dream. (you can dig up my journal...) however, those accounts come with conditions, and in the end it may not be that much better than having 20k of your own funds without restricting it from left and right. anyway, it is about weekend, time to enjoy the freedom! {quote} about a week or so ago i had made a post in the commercial section about TST model and viability. same of the Hinged guy's. a lot of these pay for account look a lot better for noobs than to have some own funds in the game, but...

The conditions put in place are to protect the fund from losing excess and at the same time they teach you to be disciplined
  • #33
  • Aug 24, 2018 10:46pm Aug 24, 2018 10:46pm
Quoting Samson85
{quote} The conditions put in place are to protect the fund from losing excess and at the same time they teach you to be disciplined
You don't need to convince me, really.
Been there, was working with multiple prop deals. For real.
It isn't exactly the I think, as per I thinking of something, it is more the in my opinion as knowing something.
I know most ppl prefer to think an idea in their had, and if it is sweet enough then try to stick to it, and all other input irrelevant enough to protect that unicornland with the rainbows.
There are ups and there are downs too, and mentioned some on the math behind as well.
I don't have much against dreaming ( though strongly dislike blinded excel sheets type), but there is a reality one shouldn't ignore.
If serious prop talk, I may post more here, but not looking to assist on a daydreaming thread, a direction what some posters seem to border in their answers.

Happy weekend!
there is always, always another trade!!
  • #34
  • Aug 25, 2018 11:58am Aug 25, 2018 11:58am
Thanks for this Samson85 (https://www.forexfactory.com/samson85) i think this is right up my alley, Blufx's terms seem very fair. after researching the web and their Facebook groups, think i'm going to try their pro membership, being a swing trader ill need to hold overnight.

If i come to do this soon ill post back here and see how we get on with them, especially with regards to withdrawals.
  • #35
  • Aug 25, 2018 12:53pm Aug 25, 2018 12:53pm
Quoting leweg1
Thanks for this Samson85 (https://www.forexfactory.com/samson85) i think this is right up my alley, Blufx's terms seem very fair. after researching the web and their Facebook groups, think i'm going to try their pro membership, being a swing trader ill need to hold overnight. If i come to do this soon ill post back here and see how we get on with them, especially with regards to withdrawals.

Thanks, I think this is better than people not risking full cash in their bank account.

My advice is give them a call and speak with them to get a full understanding.
You get 14 days to try it out and can request a refund if you don't feel it's for you.
  • #36
  • Aug 25, 2018 1:05pm Aug 25, 2018 1:05pm
Quoting Samson85
{quote} Thanks, I think this is better than people not risking full cash in their bank account. My advice is give them a call and speak with them to get a full understanding. You get 14 days to try it out and can request a refund if you don't feel it's for you.
I will give them a call on Monday for a complete break down on absolutely everything.

Can i ask, is this something you currently do or just stumbled upon it recently?
  • #37
  • Aug 25, 2018 1:09pm Aug 25, 2018 1:09pm
Quoting leweg1
{quote} I will give them a call on Monday for a complete break down on absolutely everything. Can i ask, is this something you currently do or just stumbled upon it recently?
I don't use any of them but I feel everything I have presented is a good option and potentially a better way to trade and make money.

I saw someone lose £25,000 Last week and it wasn't nice at all.
  • #38
  • Aug 25, 2018 2:31pm Aug 25, 2018 2:31pm
Quoting Samson85
Hello everyone, I have decided to write this due to retail traders thinking they have to trade their money with the risk of potentially losing it all. This week I witnessed someone I interact with on a daily basis blow £25k on his trading account which sent him to £0. There are available prop firms that will provide you trading capital which you pay a monthly fee for. I will outline the 3 I am aware of and the benefits: 1.Blufx - They will provide a $25,000 account for $99 dollars a month with a max drawdown of 10% which the account could then close....
in market like in life "risk free" dosen't exist, and even the logic dictate it: no gain without risk. every situation, decision has some risk to it.

audacity is a scam, samuel also a scam (he has money from his dad and if u will chek the cars hi is driving are rented)
even bluefx sounds like a scam.

better start by yourself with 200 pounds and if u are able to build them just go and share your statment with some firms.
Price itself it's an indicator
  • #39
  • Aug 25, 2018 2:35pm Aug 25, 2018 2:35pm
Quoting m3rlin
{quote} in market like in life "risk free" dosen't exist, and even the logic dictate it: no gain without risk. every situation, decision has some risk to it. audacity is a scam, samuel also a scam (he has money from his dad and if u will chek the cars hi is driving are rented) even bluefx sounds like a scam. better start by yourself with 200 pounds and if u are able to build them just go and share your statment with some firms.

Hmm Samuel and co is not a scam as they are fca regulated and are affiliated with many government bodies.

Blufx have investment from huge Chinese financial backing and everything is clear.

Audacity I do not know much about but their videos seem okay.

The purpose of this thread is to stop people losing thousands and risk little by managing other peoples money.
  • #40
  • Aug 25, 2018 3:08pm Aug 25, 2018 3:08pm
Quoting Samson85
{quote} Hmm Samuel and co is not a scam as they are fca regulated and are affiliated with many government bodies. Blufx have investment from huge Chinese financial backing and everything is clear. Audacity I do not know much about but their videos seem okay. The purpose of this thread is to stop people losing thousands and risk little by managing other peoples money.
samuel and co is a scam and you should be ashame, because you are trading from uk, a great country and is very easy to verify a company, so:

https://beta.companieshouse.gov.uk/company/08100330/filing-history (governament website if someone wants to check it)
now it showing that it has 30000 or more but they have some debt problems

about audacity a friend of mine was 2 or 3 yaers ago and she is not happy, it was one guy that used to say he is a ceo or something and a huge trader and teached on a demo account and used to call it real money. when she told the guy it was demo he started to invent some storyies.
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Price itself it's an indicator
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