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  • #1
  • First Post: Aug 12, 2020 8:59am Aug 12, 2020 8:59am
well.. i decided early to try that firm because i don't like to do challenges anymore.. i want firm give me freedom to trade and get benefits .
i liked to try them because cheap prices... if i lost i just paid 75$ instead of 155$ at forextips .. plus 10k is enough to me for now ..
also i liked 12% draw down instead of 10% that give more room...
the only thing you must be careful is daily loss max 5% from starting equity per day.
well i was aggressive and used strategy not tested that made me in 10.5% draw down.
my first payout was should be at 14 august. but i anyway i trying to survive with my account for that month.
anyway if i lost i am going to reset and try again and may i use profits for get bigger size accounts.
well.. lets see
  • #2
  • Aug 12, 2020 11:18am Aug 12, 2020 11:18am
Hello man,

If I may just a thought, with any of this so called prop firms, consider that your effectively capital is just the 10% or 12% max DD allowed, basically you are trading and should size your positions based on that max amount of acceptable DD. So, if you do the math, it is not worth it, the cost of the challenge vs the real capital you get. It is a profitable business for them, that's it. Hope it helps.
Living the way my older self would have wished for my younger self. RazvanI
  • #3
  • Aug 12, 2020 1:12pm Aug 12, 2020 1:12pm
Quoting Razvan.I
Hello man, If I may just a thought, with any of this so called prop firms, consider that your effectively capital is just the 10% or 12% max DD allowed, basically you are trading and should size your positions based on that max amount of acceptable DD. So, if you do the math, it is not worth it, the cost of the challenge vs the real capital you get. It is a profitable business for them, that's it. Hope it helps.
Well you are right .. i just always say prop firms is just new brokers business style .. anyway nothing free .. real benefits is when you able to grow account or use profits for get bigger sizes so your real capital you can lose that 10% increase.
  • #4
  • Aug 12, 2020 3:34pm Aug 12, 2020 3:34pm
i don't know why my journal end at commercial section
-_-
  • #5
  • Edited 11:20pm Aug 27, 2020 11:04pm | Edited 11:20pm
Update:
Unfortunately i wasn't able to make any profits last time.. but i didn't violated any rules but they sent to me email at Wednesday told me at 19 August my trade dropped 900$ and i violated my daily loss limit.. i don't know how that even happened i was very careful to not break any rules but fxblue showed that too.. in that day i opened 2 trades with total risk 100$ and it's hit sl normally nothing was weird at mt4 platform.. but fxblue showed i dropped that day over 900$ i don't know how that happened but slippage at ic markets i attached pictures from fxblue... Anyway i reset my account and i told them if i can get new account with fxpig because i can't trust more at ic markets after what happened... they was very helpful and created my new account at FXPIG broker.. other good thing they removed monthly fees for first 100 traders hope that will be something good

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  • #6
  • Aug 28, 2020 1:20am Aug 28, 2020 1:20am
Hello Jscave,
are you the same person that complained about that same problem on their facebook page?
although that wasn't your facebook ID...just curious if that was an error from their end, ICM or Fxblue
  • #7
  • Aug 28, 2020 1:28am Aug 28, 2020 1:28am
Quoting learnfast
Hello Jscave, are you the same person that complained about that same problem on their facebook page? although that wasn't your facebook ID...just curious if that was an error from their end, ICM or Fxblue
my main account at Facebook blocked for 30 days .. facebook became horrible so i use other accounts untill my account block remove at the end of next month... yes it's me same person.. i don't know that error from which side . But they told me it's slippage because it's happened so quickly .. ic markets fucked me.. Anyway i reset my account and hope no surprises that time ..
  • #8
  • Aug 28, 2020 1:38am Aug 28, 2020 1:38am
Quoting JsCave
{quote} my main account at Facebook blocked for 30 days .. facebook became horrible so i use other accounts untill my account block remove at the end of next month... yes it's me same person.. i don't know that error from which side . But they told me it's slippage because it's happened so quickly .. ic markets fucked me.. Anyway i reset my account and hope no surprises that time ..
Cool, so I would assume there was no Hard Stop loss set for that trade within the daily loss parameter?....
  • #9
  • Aug 28, 2020 1:52am Aug 28, 2020 1:52am
Quoting learnfast
{quote} Cool, so I would assume there was no Hard Stop loss set for that trade within the daily loss parameter?....
i never trade without attach SL to my trades ... and here is the issue trade activated normally and hit SL with no issues and i just lost 100$ there is nothing wrong at MT4 platform everything seem ok ..... but i surprised that FXBlue Showed my account dropped to 10% more than 900$ that day! i don't have idea how that even happened ... they told me it's slippage ignored my SL even thought i didn't see anything at MT4 or and wicks etc ... so i don't know maybe that's error from icmarkets since i heard their demo accounts not that great and people last weak complained from DEMO3 server even thought i was at DEMO4 . so i asked to have account with other broker
  • #10
  • Aug 28, 2020 1:55am Aug 28, 2020 1:55am
i guess Ftmo was right when they decided to remove Ic markets from their list before
  • #11
  • Aug 28, 2020 1:59am Aug 28, 2020 1:59am
Quoting JsCave
{quote} i never trade without attach SL to my trades ... and here is the issue trade activated normally and hit SL with no issues and i just lost 100$ there is nothing wrong at MT4 platform everything seem ok ..... but i surprised that FXBlue Showed my account dropped to 10% more than 900$ that day! i don't have idea how that even happened ... they told me it's slippage ignored my SL even thought i didn't see anything at MT4 or and wicks etc ... so i don't know maybe that's error from icmarkets since i heard their demo accounts not that great and...
Oh, sorry about that then.

Even getfundingtalent have removed IC markets, I asked them why and they said IC markets has server issues
  • #12
  • Aug 28, 2020 2:05am Aug 28, 2020 2:05am
I've also contacted myforexfunds 1 week ago through livechat, their rules is very good and agents are very honest and helpful, even provide discount code when you're going to purchase any package. I'll start with them at first because of reasonable price to test my discipline in real environment.
  • #13
  • Aug 28, 2020 2:07am Aug 28, 2020 2:07am
Quoting fuadik88
I've also contacted myforexfunds 1 week ago through livechat, their rules is very good and agents are very honest and helpful, even provide discount code when you're going to purchase any package. I'll start with them at first because of reasonable price to test my discipline in real environment.
May you can try to apply now since there's no monthly fees for first 100 traders offer. Yes they are helpful and supportive
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  • #14
  • Aug 28, 2020 2:09am Aug 28, 2020 2:09am
Quoting learnfast
{quote} Oh, sorry about that then. Even getfundingtalent have removed IC markets, I asked them why and they said IC markets has server issues
yes stay away from ic markets just cost me money i expected to pay 18$ for renew my subscription but instead i paid 60$ because ic markets
  • #15
  • Aug 28, 2020 2:12am Aug 28, 2020 2:12am
Quoting JsCave
{quote} May you can try to apply now since there's no monthly fees for first 100 traders offer. Yes they are helpful and supportive
Not good enough if traders will be penalized for Server related issues...I mean No candle stick or spike to that level and 10% draw down rule violated? Lol

Anyways I am chatting them up to clarify that.
  • #16
  • Aug 28, 2020 2:15am Aug 28, 2020 2:15am
Quoting learnfast
{quote} Not good enough if traders will be penalized for Server related issues...I mean No candle stick or spike to that level and 10% draw down rule violated? Lol Anyways I am chatting them up to clarify that.
5% daily loss violated... total max loss limit is 12% ... issue is the answer you may get is slippage issue.. Anyway lets see how my new month will go i just wanted to warn people from ic markets
  • #17
  • Aug 28, 2020 3:59am Aug 28, 2020 3:59am
Quoting learnfast
{quote} Oh, sorry about that then. Even getfundingtalent have removed IC markets, I asked them why and they said IC markets has server issues
I also experienced demo server crash about a week ago, contacted them and agent said server is down and our team is working on it. It's fixed in 10-15 minutes but I don't know how long did it remain crashed. It's really critical issue for traders.
  • #18
  • Aug 28, 2020 4:07am Aug 28, 2020 4:07am
Quoting fuadik88
{quote} I also experienced demo server crash about a week ago, contacted them and agent said server is down and our team is working on it. It's fixed in 10-15 minutes but I don't know how long did it remain crashed. It's really critical issue for traders.
which broker?
  • #19
  • Aug 28, 2020 4:12am Aug 28, 2020 4:12am
Quoting JsCave
{quote} which broker?
ICmarkets. As you can see on screenshot, when you can't connect to the server, broker's logo doesn't appear on the left side of account number, name. And sorry, it was 13rd of August, not a week ago, quarantine sped up life
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  • #20
  • Aug 28, 2020 4:37am Aug 28, 2020 4:37am
Quoting fuadik88
{quote} ICmarkets. As you can see on screenshot, when you can't connect to the server, broker's logo doesn't appear on the left side of account number, name. And sorry, it was 13rd of August, not a week ago, quarantine sped up life {image}{image}
yes ic markets demo3 has a lot issues even mff recommended not to use it even thought i was at demo 4. So seem all ic markets servers have problems ... good decision i decided to not continue with ic markets.
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