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  • #81
  • Aug 31, 2020 4:10am Aug 31, 2020 4:10am
Quoting maflip
{quote} Yeah I was asking them how to be in funded account which gives 50-80% payout, the 10% payout is not worth my time. Kinda unclear right now. They haven't replied yet. It's been hours now. Also, their website is too slow.
It looks like a new prop firm. Most of their video are coming soon.
  • #82
  • Edited 4:54am Aug 31, 2020 4:23am | Edited 4:54am
Quoting maflip
{quote} Yeah I was asking them how to be in funded account which gives 50-80% payout, the 10% payout is not worth my time. Kinda unclear right now. They haven't replied yet. It's been hours now. Also, their website is too slow.
So I got a reply from chat support. The 50-80% payout you will get it if you reach 10% percent profit target and with no time limit. However, you will have to wait 3 months before you will be in this program even if you reach the 10% in 10 days. For the meantime. They will pay you 10 percent in first month of the profit you make, 12.5% 2nd month, 15% the 3rd month. And then you will be in the funded program in real account and not a demo, $1,000 if you purchased the $10,000 account. Payout is 50% first month to 80% the 3rd month. I think this deal is not bad no verification and no time limit to reach 10%.

Problem is this is a new firm and unproven to pay, not like FTMO which is already proven that pays. If tempted start small.

Edit: So making real money here is not a lot if start on a $10,000 account.
  • #83
  • Aug 31, 2020 5:41am Aug 31, 2020 5:41am
Quoting hello966
{quote} Nope... they haven't send me anything yet... it has been 6 hours since i paid it... There is a staff in facebook mentioned it took up to 12 hrs to get the trading account. OMG...
Keep us updated when the account is delivered please.
  • #84
  • Aug 31, 2020 6:55am Aug 31, 2020 6:55am
Quoting maflip
{quote} So I got a reply from chat support. The 50-80% payout you will get it if you reach 10% percent profit target and with no time limit. However, you will have to wait 3 months before you will be in this program even if you reach the 10% in 10 days. For the meantime. They will pay you 10 percent in first month of the profit you make, 12.5% 2nd month, 15% the 3rd month. And then you will be in the funded program in real account and not a demo, $1,000 if you purchased the $10,000 account. Payout is 50% first month to 80% the 3rd month. I think...
Correction to this. I may have misunderstood their rule#7. For reaching 10% profit on a $10,000 simulation, may not be $1000 deposited to a real account but just 10% of that, if so $100. Making 10% on a $100 real account even 50% split is too small to be worth my time. The $1000 I mentioned seems to be for a $100,000 account. Somebody else confirm this, as I am less interested now. Profit here will be too small to be worth my time.
  • #85
  • Aug 31, 2020 6:59am Aug 31, 2020 6:59am
Quoting maflip
{quote} Correction to this. I may have misunderstood their rule#7. For reaching 10% profit on a $10,000 simulation, may not be $1000 deposited to a real account but just 10% of that, if so $100. Making 10% on a $100 real account even 50% split is too small to be worth my time. The $1000 I mentioned seems to be for a $100,000 account. Somebody else confirm this, as I am less interested now. Profit here will be too small to be worth my time.
that's my interpretation too, that's also why I find no interest for now.
  • #86
  • Aug 31, 2020 7:23am Aug 31, 2020 7:23am
I see that they've changed their website and the offer and now there is no recurring fee.

That is quite attractive now I have to say. And they still jack you up from 10% to 15% payment bi-weekly if one can hang in there

Guys yes it's $350 which they put into a live account for you on a 10k account but it's $3500 on a $100k account every month.

Frankly I don't think that the 10k account is worth it. But of course if one goes for three 100k accounts, then you'll have (if you're still in the game) a $30000 live account to trade in 3 months.
  • #87
  • Aug 31, 2020 7:29am Aug 31, 2020 7:29am
This is the rule that I'm wary of but maybe it's clear to others?

"Any indication of “gambling” or erratic behavior change (i.e. increase in LOT sizes, trades per day, risk per trade etc.) will be flagged and payout for that pay cycle/month will be suspended. Constant violation may result in account termination with no payment being made.
There is no rules or constraints on your trading style as long as you can be consistent in what you do throughout your pay cycles. Drastic change in lot sizes, % risk / trade and other variables will be flagged and may lead to pay suspension for that month. Constant violation may result in account termination."
  • #88
  • Edited 8:12am Aug 31, 2020 7:58am | Edited 8:12am
Quoting Mtinifx
This is the rule that I'm wary of but maybe it's clear to others? "Any indication of “gambling” or erratic behavior change (i.e. increase in LOT sizes, trades per day, risk per trade etc.) will be flagged and payout for that pay cycle/month will be suspended. Constant violation may result in account termination with no payment being made. There is no rules or constraints on your trading style as long as you can be consistent in what you do throughout your pay cycles. Drastic change in lot sizes, % risk / trade and other variables will be flagged...
I asked them about that since my lot size varies based on volatility. They said its ok as long as it's not drastic change. However, what they say now can change when you go actual trading...

Regards the live account funding. This is what they say on their website.
"RULE # 7 – PROFIT SHARING
On the account you sign up for – you will make 10% profits you make. There is no profit sharing in this case. (i.e. If you make $5,000 on your $100,000 account, you will be eligible for a $500 pay out). This is bi-weekly payout and does not reset after end of 2 weeks. (If you make another 5,000 in the following two weeks, you will be 10% of 10,000 = $1,000 , as the account does not reset between pay cycles in the same month)
On funded account – you will receive 50% of the profits you will make the first month. This goes up to 65% during your second month and 80% during third month onwards. Keep in mind, you will not be allowed to withdraw the capital on this account as that will be funded by our firm and those funds are considered our invested capital."

So it is $1,000 that goes deposited to a live account if purchased on a $10,000, then you make 50% to 80% profit from that $1,000 that got deposited. Not sure if this accumulates every month I did not ask. (EDIT: It does not accumulate I think nothing is mentioned like that on their website.) But $10,000 account is just $70 dollars so it's up to you might not be bad after all.

I haven't seen anything that say $3500 to a live account even on chat... Maybe this is an old rule they now modified?
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  • #89
  • Aug 31, 2020 8:13am Aug 31, 2020 8:13am
Quoting maflip
{quote} I asked them about that since my lot size varies based on volatility. They said its ok as long as it's not drastic change. However, what they say now can change when you go actual trading... Regards the live account funding. This is what they say on their website. "RULE # 7 – PROFIT SHARING On the account you sign up for – you will make 10% profits you make. There is no profit sharing in this case. (i.e. If you make $5,000 on your $100,000 account, you will be eligible for a $500 pay out). This is bi-weekly payout and does not reset after...
I did some edits, 10% of $10,000 is $1,000. So if you buy $10,000 for $70 it's not a bad deal. You turn a $70 investment into a $1,000 investment then payout is 80%. They should put this on their website so it's clear. But that's right, the inconsistency rule can be vague and an excuse to kick you out. If someone bought let us know your experience.

So maybe what Mtinifx say $3500 deposited if purchasing $100,000 is the old rule. They might have increased it.

Correct me if I'm wrong with this...
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  • #90
  • Aug 31, 2020 8:23am Aug 31, 2020 8:23am
Quoting maflip
{quote} I did some edits, 10% of $10,000 is $1,000. So if you buy $10,000 for $70 it's not a bad deal. You turn a $70 investment into a $1,000 investment then payout is 80%. They should put this on their website so it's clear. But that's right, the inconsistency rule can be vague and an excuse to kick you out. If someone bought let us know your experience. So maybe what Mtinifx say $3500 deposited if purchasing $100,000 is the old rule. They might have increased it. Correct me if I'm wrong with this... {image}
"When you receive 10% of earnings from us", which means "when you've received 10 times your 100$" you get your 1K funded account !! They are not saying you get 1K when reaching your first 10%, you still get your 10% OF THE PROFITS... (basically 1% of the 10K account) then you need to make it grow over the next 10 payout cycles, that's like 5 months to reach those 10% total to THEN get the 1K account... for me, that's too tiny results over a long period of time for the work involved... but I get it that you can be growing it over time, along with trading FTMO and other prop accounts.

The max losses rules are so tight that it will take you forever to reach those 10% anyway.
  • #91
  • Aug 31, 2020 8:24am Aug 31, 2020 8:24am
So it does increase. May be a good deal after all.
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  • #92
  • Aug 31, 2020 8:28am Aug 31, 2020 8:28am
Quoting tradista
{quote} "When you receive 10% of earnings from us", which means "when you've received 10 times your 100$" you get your 1K funded account !! They are not saying you get 1K when reaching your first 10%, you still get your 10% OF THE PROFITS... (basically 1% of the 10K account) then you need to make it grow over the next 10 payout cycles, that's like 5 months to reach those 10% total to THEN get the 1K account... for me, that's too tiny results for the work involved.
Yes 1k funded, not 1k payout, but that's still more than 10x the $70 you are investing to trade. It still increased your buying power 14x. Now I'm more worried about the inconsistency rule and wether they will pay or not.
  • #93
  • Aug 31, 2020 9:00am Aug 31, 2020 9:00am
Quoting maflip
{quote} Yes 1k funded, not 1k payout, but that's still more than 10x the $70 you are investing to trade. It still increased your buying power 14x. Now I'm more worried about the inconsistency rule and wether they will pay or not.
MFF would really be a good deal...my only concern is payout! Lol

Hope no stories or manipulations to kick one out?
  • #94
  • Aug 31, 2020 9:09am Aug 31, 2020 9:09am
Quoting learnfast
{quote} MFF would really be a good deal...my only concern is payout! Lol Hope no stories or manipulations to kick one out?
yeah same here lol. They have only been around less than a month. lol. They want you to sign up now as in the future they will charge a monthly fee. Only the first 100 pays no fee for life.

Did you sign up? If so, let us know your experience
  • #95
  • Aug 31, 2020 9:20am Aug 31, 2020 9:20am
Quoting learnfast
{quote} MFF would really be a good deal...my only concern is payout! Lol Hope no stories or manipulations to kick one out?
But guess what, if they do give a real account live and they do not pay. Guess what I'll do to that account? I'll trade that into ruin makes sure it drops to $0 hah hah

So, there are some security there Assuming they do give a real account Bah, but they might have an EA that protects the account if it drops more than 5% it freezes...
  • #96
  • Aug 31, 2020 9:21am Aug 31, 2020 9:21am
Quoting maflip
{quote} yeah same here lol. They have only been around less than a month. lol. They want you to sign up now as in the future they will charge a monthly fee. Only the first 100 pays no fee for life. Did you sign up? If so, let us know your experience
Still very skeptical...
No single person with valid payout to show yet they have posted payouts to members like 3 times, hmm
JsCave has signed up, still waiting for his payout or any real traders feedback.
  • #97
  • Aug 31, 2020 9:21am Aug 31, 2020 9:21am
Quoting maflip
{quote} But guess what, if they do give a real account live and they do not pay. Guess what I'll do to that account? I'll trade that into ruin makes sure it drops to $0 hah hah So, there are some security there Assuming they do give a real account
  • #98
  • Aug 31, 2020 9:27am Aug 31, 2020 9:27am
Quoting maflip
{quote} yeah same here lol. They have only been around less than a month. lol. They want you to sign up now as in the future they will charge a monthly fee. Only the first 100 pays no fee for life. Did you sign up? If so, let us know your experience
Yes - they are very new and have no track record to speak of. When I signed up the first time they sent me a list of bi-weekly payouts that have been sent to a few people. They were quite small amounts. I'll try and find the image again.

However I'm inclined to think that they are legit. We'll soon find out if they're not!

No it is definintely $3500 on a 100k account. It's only $350 on a $10k account but if you go fot 100k account it's obviously $350 x 10 = $3500

I'm quite sure of that.
  • #99
  • Aug 31, 2020 9:29am Aug 31, 2020 9:29am
This is interesting guys!!

Forextips are obviously responding to their competitor by offering a good deal here:

No inconsistency rule and 20% bi-weekly!!
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  • #100
  • Aug 31, 2020 9:34am Aug 31, 2020 9:34am
OK this new offer starts from Wednesday this week.

This is OPTIONAL!
Key differences
no consistency rule aka ideal for many aggressive strategies
only 2 trading days per week required
higher payout 20%
90% profit split
You may opt into this model on Wednesday or later.
You may access the live account WHENEVER it reaches $15k.
Profit split on these live accounts will also be increased. Traders on the aggressive model will keep 90%.
All details will be available on the website Wednesday.
http://forextips101.com/funding-talent/ref/71/
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