Prop Firm Hub 36,146 replies
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My journey to Full-Time trader via prop funding (and a gift!) 83 replies
My Journey to Forex prop trading 70 replies
DislikedGreat trading guys! Those were awesome results. Meanwhile, I'm 2 weeks in drawdown. {image}Ignored
Disliked{quote} Ok bro, I talked to them varying lot size is not a problem as long as I remain consistent with the risk%. This is not a problem for me. So I signed up for the $10k just to test the waters. Also, if I upgrade in the future it will still be no monthly fee.Ignored
DislikedI think I would be eliminated by this rule of consistency. My lot size is varied, but the % risk is always the same value.Ignored
Disliked{quote} No because as long as you start off the way you are going to continue, you'll be OK!Ignored
DislikedGuys this is my first week with myforexfund.. Lets see what happen when comes to biweekly payout..will let u know {image}Ignored
$155 - registration
$75 - monthly fee (make a 3% profit just to pay the monthly fee)
$35 - account Top Up
$100 - Violate Daily DD 5% and want to stay on the program
$125 - Violate DD 10% and want to stay on the program
$610 - registration
$250 - monthly fee (make a 2.5% profit just to pay the monthly fee)
$140 - account Top Up
$400 - Violate Daily DD 5% and want to stay on the program
$500 - Violate DD 10% and want to stay on the program
Talent Bonus (Bi-Weekly): 10% of the profit in the demo account. Example: 25k account > 10% profit (2,500) > Payment $250
This payment can be suspended if you violate rules
Funding monthly earnings: Up to 5% of the original account balance. Example: 25k account > 2500 profit > $1,250 added to real account
You will have access to a real account after the balance reaches 3750 (25k plan) or 15k (100k plan)
The balance of the real account is not reset if you violate rules, as long as you remain a member
The balance of the real account can never be withdrawn, only the profits (75%)
You can withdraw all the profits (75%) from the real account at any time and as often as you wish.
You can continue to trade your demo account and earn your talent bonus, even after accessing your real account.
If you violate the 10% drawdown rule, you will temporarily lose access to the real account. You can access your real account again after accumulating the balance to the initial deposit amount
Payment methods: Paypal, WorldRemit, Bitcoin
Daily: 1,250 for a 25k account and 5,000 for a 100k account
General: 2,500 for a 25k account and 10,000 for a 100k account
Note: Notice that the rules page does not mention DD of 5% and 10%.
Perhaps, if you increase your balance to 120k, your DD limit will not be 6k and 12k.
Members are not allowed to use expert advisors or bots in the demo account they are using to trade in the program.
A new trading day begins at 12:00 a.m. in the time zone associated with your broker.
If you sign up in the middle of the week, you don't need to make 3 trades on that specific week. This rule applies only in the FULL weeks you are enrolled.
Note: A swing strategy may not be adequate.
If the 12-day trading minimum is not reached, you will have no profit distributed at the end of your trading cycle.
And your account will also be reset to the starting balance.
That is, if for example at the end of the cycle if you had a loss of 7%. In the next cycle, the account continues with this drawdown, it is not reset to the opening balance.
Note: You can pay a fee to reload the account.
This rule does not apply to the real account, only the demo account.
Rule violation: you will not receive the fortnightly payment of the talent bonus. This amount will be added to the funding of the real account.
Note 1: This rule can be used as an excuse for not paying you every two weeks.
Note 2: You should not count on paying the talent bonus to pay the monthly fees and stay active in the program. Make sure you also have the money to pay monthly fees and any reload fees and drawdown violations
Note 3: The balance of the real account can never be withdrawn by you.
If we notice large increases in batch sizes or other changes that result in substantial risk, we reserve the right to suspend payment.
Note: Another rule that can be used as an excuse for not paying you
You are allowed to trade currency pairs, indices, metals and cryptography
Payment will be suspended if you negotiate anything outside of that list
You should not change your login details for any reason. If you change your password or any other details for this account, it will result in immediate account termination.
You may not, at any time, update your account balance. This will not be tolerated under ANY circumstances. This will be flagged and your account with us will be terminated.
We do not monitor each trader's account 24 hours a day, 7 days a week. If you break a rule, our system automatically signals us and, at the end of the trading month, we complete a manual review.
Note: Contact them every week to find out the status of your account
DislikedI finished analyzing the rules of ForexTips101/Funding Talent Program. The consistency rule is what bothers me most. Not being able to use EA's and scripts is also a disadvantage. I also couldn't do swing trading because of the minimum trading days rule. I believe ForexTips101 is much more reliable than MyForexFunds. Because its owner goes public and shows her face and name. ------------------------------ 25k Demo Account fees: $155 - registration $75 - monthly fee (make a 3% profit just to pay the monthly fee) $35 - account Top Up $100 - Violate...Ignored
Disliked{quote} I agree with you. I signed up for MFF, but the consistency rule still bothers me. But I think it's worth testing the waters for $75. On Forextips, I wouldn't go there because of the monthly fee. The measley 10% I will make from the profit is easily going to get eaten by the monthly fee. The only chance of making real profit is the real account you will accumulate. But this will take time to build. Same goes with MFF, if there was a monthly fee, I wouldn't touch MFF either. Long list of rules for these two. Again, MFF is worth testing the...Ignored
Disliked{quote} Agree with you. But I went for the $100 because of the drawdown. I just wouldn't be comfortable with anything less then 5 grand - my style of trading!Ignored
Disliked{quote} If everything is fine. I would upgrade to the $100 Sometime I would like to ask them in the future like around December. Are we allowed to take a vacation? There's the 3 day a week minimum. Wow I feel like being employed again asking for a day off And who do I call for making a sick call? Just messing aroundIgnored