prop firm new model - my trading journey | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Prop Firm Hub 51,743 replies

Anyone trading with a Prop firm 31 replies

My Journey to Forex prop trading 72 replies

My journey to Full-Time trader via prop funding (and a gift!) 84 replies

ERP Prop Firm Journey 4 replies

Attachments: prop firm new model - my trading journey
Exit Attachments

prop firm new model - my trading journey

  • #101
  • Aug 31, 2020 9:45am Aug 31, 2020 9:45am
Quoting learnfast
{quote} 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.
Well i'm still happy with my free trial at FTMO I'm not paying for anything.
  • #102
  • Aug 31, 2020 9:50am Aug 31, 2020 9:50am
Quoting Mtinifx
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/...
hahaha, the competition is on

@Mtinifx I will like to connect with you on facebook. Your ID please
  • #103
  • Aug 31, 2020 9:50am Aug 31, 2020 9:50am
Quoting Mtinifx
This is interesting guys!! Forextips are obviously responding to their competitor by offering a good deal here: No inconsistency rule and 20% bi-weekly!! {image}
I bet they are reading your thread. FXTips: "oh oh, ff guys don't like the inconsistency rule. Let's remove it!"
  • #104
  • Aug 31, 2020 9:52am Aug 31, 2020 9:52am
Quoting maflip
{quote} I bet they are reading your thread. FXTips: "oh oh, ff guys don't like the inconsistency rule. Let's remove it!"

Ha ha - you're probably right!
  • #105
  • Aug 31, 2020 9:53am Aug 31, 2020 9:53am
Quoting learnfast
{quote} hahaha, the competition is on @Mtinifx I will like to connect with you on facebook. Your ID please
No problem but you'll have to PM me
  • #106
  • Aug 31, 2020 9:56am Aug 31, 2020 9:56am
Quoting maflip
{quote} I bet they are reading your thread. FXTips: "oh oh, ff guys don't like the inconsistency rule. Let's remove it!"
So true
  • #107
  • Aug 31, 2020 9:57am Aug 31, 2020 9:57am
Quoting Mtinifx
{quote} No problem but you'll have to PM me
Done
  • #108
  • Aug 31, 2020 10:13am Aug 31, 2020 10:13am
Quoting Mtinifx
{quote} No problem but you'll have to PM me
Hey bro, it's 3.5% a month this is where you get your $350, but multiply x 3= $1,050 less $50 (10% of $10,000). So on a $10,000 it is $1,000. It's on their Facebook page.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 55 KB
  • #109
  • Aug 31, 2020 1:04pm Aug 31, 2020 1:04pm
Quoting Mtinifx
This is interesting guys!! Forextips are obviously responding to their competitor by offering a good deal here: No inconsistency rule and 20% bi-weekly!! {image}

Anyone know the fulls details of this? What does 20% bi-weekly payout mean? Current rule is 10% every two weeks and balance not reset after week 2. Is this 20% applied same way?

Trying to do a comparison between myforexfunds and forextips101 to see pro and cons but may have to wait until Wednesday to see full details of these latest changes to MFF.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #110
  • Aug 31, 2020 1:20pm Aug 31, 2020 1:20pm
Quoting maflip
{quote} Hey bro, it's 3.5% a month this is where you get your $350, but multiply x 3= $1,050 less $50 (10% of $10,000). So on a $10,000 it is $1,000. It's on their Facebook page. {image}
Bro, this is what it says on Forextips website:

"Your monthly funded earnings are calculated based on all profits you make on your account up to 5% of the original account balance. These will be automatically added to a real account for you. You will receive access to this account once the balance reaches $15K "

It has to be the same story for Myforexfunds except the amounts are different. Substitute 3.5% for 5% and substitute $10k for $15k. Of course for both one has to wait 3 months before you can start trading the real account.

That's the way I see it! In fact this comes from Myforexfunds website: "

For every dollar you earn on your simulated account, we will match and put it in your trading account for up to 3.5% of your account size"

"your account size" so it's whatever your profits are but up to 3.5% of your account size. For a $10k account it would be a maximum of $350 but for a $100k account it would be a maximum of $3500

Hope that's clear now!
  • #111
  • Aug 31, 2020 1:22pm Aug 31, 2020 1:22pm
Quoting Freefox
{quote} Anyone know the fulls details of this? What does 20% bi-weekly payout mean? Current rule is 10% every two weeks and balance not reset after week 2. Is this 20% applied same way? Trying to do a comparison between myforexfunds and forextips101 to see pro and cons but may have to wait until Wednesday to see full details of these latest changes to MFF.
Yep - pretty sure that is what it means - 20% bi-weekly instead of 10%

Of course how this wonderful offering is gonna cost is the thing. Probably won't come cheap I would think! We'll shall just have to wait until Wednesday
  • #112
  • Aug 31, 2020 1:54pm Aug 31, 2020 1:54pm
Quoting Mtinifx
{quote} Yep - pretty sure that is what it means - 20% bi-weekly instead of 10% Of course how this wonderful offering is gonna cost is the thing. Probably won't come cheap I would think! We'll shall just have to wait until Wednesday
Hold on guys - sorry I'm not reading it properly!

It will be OPTIONAL so it will be same price I would think. It's a different model. The idea is that they don't pay you anything every 2 weeks! The 20% of any profit every two weeks goes into a live account which you can access once the balance reaches $15000. Then you can trade the $15k account and you keep 90% of any profits.

Sounds good? I don't think so! In effect means that you have to make $75000 profit 75000 x 20% = $15000 before you can start making any money!

I'm not sure with this story if they still pay 3.5% of your account size into the live account as well. But that's only every month and unlikely to change.

Anyway we'll see in a couple of days!!
  • #113
  • Aug 31, 2020 2:05pm Aug 31, 2020 2:05pm
Quoting Mtinifx
{quote} Hold on guys - sorry I'm not reading it properly! It will be OPTIONAL so it will be same price I would think. It's a different model. The idea is that they don't pay you anything every 2 weeks! The 20% of any profit every two weeks goes into a live account which you can access once the balance reaches $15000. Then you can trade the $15k account and you keep 90% of any profits. Sounds good? I don't think so! In effect means that you have to make $75000 profit 75000 x 20% = $15000 before you can start making any money! I'm not sure with this...
I think we will have to wait until Wednesday. I think the way you have worked it out is totally wrong - it would be a backward step and give NO benefit at all to the client. We'll just have to see what the aggressive option details are then pass judgement.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #114
  • Aug 31, 2020 2:11pm Aug 31, 2020 2:11pm
Quoting Mtinifx
{quote} Bro, this is what it says on Forextips website: "Your monthly funded earnings are calculated based on all profits you make on your account up to 5% of the original account balance. These will be automatically added to a real account for you. You will receive access to this account once the balance reaches $15K " It has to be the same story for Myforexfunds except the amounts are different. Substitute 3.5% for 5% and substitute $10k for $15k. Of course for both one has to wait 3 months before you can start trading the real account. That's...
Ok I won't worry about this yet. As I'm not thinking of signing up for either MFF or FTips for now. But the way I really understood is. You are right about the $350, however, this is per month for 3 months. And once you total it to $1,000 you can trade the account. For the 100k, it's 3500, and once you total it to 10,000 you can trade it. I'll take your word for it, I'll just reconfirm it with support once I'm ready

That new changes to Ftips sounds interesting. Gonna look at the changes Wednesday.
  • #115
  • Aug 31, 2020 2:17pm Aug 31, 2020 2:17pm
Quoting Mtinifx
{quote} Bro, this is what it says on Forextips website: "Your monthly funded earnings are calculated based on all profits you make on your account up to 5% of the original account balance. These will be automatically added to a real account for you. You will receive access to this account once the balance reaches $15K " It has to be the same story for Myforexfunds except the amounts are different. Substitute 3.5% for 5% and substitute $10k for $15k. Of course for both one has to wait 3 months before you can start trading the real account. That's...
Yes, that's exactly the way it works. So will take a minimum of 3 months to gain access to these accumulated funds where you get the better payout percentage. That is the place where if you grow it will make the most money from.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #116
  • Aug 31, 2020 3:02pm Aug 31, 2020 3:02pm
It's a good deal. There is also no limit to accumulation of real account. I just tried bothering support in chat again For $70, I'm getting really tempted to press the buy button. Not ready to buy the $100k as this company has no proven reputation yet. So start small and see how it goes.
Attached Image
  • #117
  • Aug 31, 2020 3:03pm Aug 31, 2020 3:03pm
Quoting Freefox
{quote} I think we will have to wait until Wednesday. I think the way you have worked it out is totally wrong - it would be a backward step and give NO benefit at all to the client. We'll just have to see what the aggressive option details are then pass judgement.
Yes probably because I didn't take into account the up to $5k of any profits you've made which they also put into a live account every month.

So it's obviously 20% of any profit every two weeks plus up to $5k every month. Hopefully this will add up to $15k eventually IF one doesn't blow the account by trading too aggressively before then.

Once you get to $15k you can start trading and earning a few bucks and hopefully you'll be 10% up in a month which means you'll get paid something - $1350.

This whole scenario will probably take about 2 -3 months. Doesn't sound that great IMHO
  • #118
  • Aug 31, 2020 3:10pm Aug 31, 2020 3:10pm
Quoting Mtinifx
{quote} Yes probably because I didn't take into account the up to $5k of any profits you've made which they also put into a live account every month. So it's obviously 20% of any profit every two weeks plus up to $5k every month. Hopefully this will add up to $15k eventually IF one doesn't blow the account by trading too aggressively before then. Once you get to $15k you can start trading and earning a few bucks and hopefully you'll be 10% up in a month which means you'll get paid something - $1350. This whole scenario will probably take about 2...
I thought payout is 80% on the accumulated real account of $15k? (this is forextips) The 10-20% is on the simulation?

On MFF the way I understand it is, you don't need to make 10% a month. Whatever you make 1 or 2%. You get paid the talent fee of 10% of the profit and the rest goes into the live account.... But yeah, if your profit is that low. It will be awhile before someone can make a living of this.
  • #119
  • Aug 31, 2020 3:20pm Aug 31, 2020 3:20pm
Ok so I think in long term the two is better option than FTMO. Plus, no challenge, no verification. But short term, you will be in a poor house for awhile and with FTMO you make serious money right away just pass challenge and verification.
  • #120
  • Aug 31, 2020 11:19pm Aug 31, 2020 11:19pm
Got my account after 12 hrs of waiting... from MFF.

Hope everything run fine. Put in my first trade already.
0 traders viewing now