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My journey to Full-Time trader via prop funding (and a gift!) 83 replies

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

Forextips disqualified several traders under consistant rules without good explanation either.
Yes I think it's very unfortunate for SKlearn but I'm sure that the new rule has a legitimate legal reason. At least they will refund him his money.

I have also picked this up from Forextips website:

We reserve the right, but are not obligated, to limit the sales of our products or Services to any person, geographic region or jurisdiction. We may exercise this right on a case-by-case basis

But I will defintely check with Forextips tomorrow to see if they have the same rule - that will clear things up I think.
FTMO still the better option
FTMO is reliable .They have repuatation.. Myforexfund also declined my payout on base of inconsistency ..ok good luck to u guys.
Quoting chiku11
FTMO is reliable .They have repuatation.. Myforexfund also declined my payout on base of inconsistency ..ok good luck to u guys.
And are you respected that rule already?
I think guy should have still been paid then close the account. They agreed to take him in the first place. However, at least he is getting a refund.

Keep letting us know of any drama. This is the purpose of the thread. Don't like the drama? Then close your FF account. Welcome to FF drama factory lol.

I hope I dont get hit with the inconsistency rule too as my lot size varies based on sl. But I told them about this before I start. We will find out in a week.
Be like water go with the flow
Quoting chiku11
FTMO is reliable .They have repuatation.. Myforexfund also declined my payout on base of inconsistency ..ok good luck to u guys.
What did they say is inconsistent?
Be like water go with the flow
Quoting Mtinifx
{quote} Totally true mate. I have to agree with that. I will try to find out the exact why certain states have been blocked. If Myff are doing it then surely Forextips will have to follow IF this is in fact a regulatory issue. It's quite possible that some states have picked up on this whole business as a way of getting round the 50:1 max leverage law
If it's only about the 50:1 max leverage all prop firms would get hit including FTMO. Also, they can simply comply by adding 50:1 rule compliant brokers for residents residing on those state.
Be like water go with the flow
Quoting maflip
{quote} If it's only about the 50:1 max leverage all prop firms would get hit including FTMO. Also, they can simply comply by adding 50:1 rule compliant brokers for residents residing on those state.
Yes that's quite true of course
Quoting chiku11
FTMO is reliable .They have repuatation.. Myforexfund also declined my payout on base of inconsistency ..ok good luck to u guys.
Oh my goodness that is not good news! Can you tell us more - what exactly was inconsistent?
Well I received am email from Myff containing their response to SKlearn. It's quite a long response! Apparently they did not know he was living in those states when he signed up. The fact that this whole problem occured at exactly the time that they owed him a pay-out is not great!

Part of it reads:

"My Forex Funds did NOT know about Mr. KSK’s residence or where he is from. It was unfortunate that he was a residence of one of four States that we couldn’t continue business with.We only found out after we emailed him, looking for further information to pay his payout. We will never “scam” any one of our traders. That is a promise. Most of our traders have already received their payouts. Other’s will do in coming days.We provide one of the best customer service and programs out there. We have over 4 dedicated resources working F/T to ensure all of our trader’s inquiries are being answered in timely fashion. We have a great member’s area being done. We are deploying VPS to ensure all of our traders can have up to minute stats and alerts.We believe in what we are doing and continue to do so as we push to become a dominant name in near future

We have paid 4 figure payouts in past and will continue to do so as long as no rules are violated on one’s account. We have posted proofs and will continue to do so"
Quoting Mtinifx
Well I received am email from Myff containing their response to SKlearn. It's quite a long response! Apparently they did not know he was living in those states when he signed up. Why of course this whole problem occured at exactly the time that they owed him a pay-out is yet to be explained Part of it reads: "We DID NOT collect location information of our traders. We DO NOT know where you reside or where you are trading from unless of course you mention it to our staff. Even then, we do not save this information anywhere. However, we have implemented...
When you sign up and pay via credit card. You have to tell your location. Right there and then, he should have been denied.

Whatever it is, I think it's their mistake for taking him. And he should still get paid.
Be like water go with the flow
Quoting maflip
{quote} When you sign up and pay via credit card. You have to tell your location. Right there and then, he should have been denied. Whatever it is, I think it's their mistake for taking him. And he should still get paid.
I tend to agree. Of course he might have used Paypal. They have now added a box that you have to tick stating that you don't live in one of those four states.

State / County (optional)
Phone *
Email address *
By checking this box, you confirm that you are NOT from the following States in USA: AR ,IA ,MS and MO *
Quoting Mtinifx
{quote} I tend to agree. Of course he might have used Paypal/ They have now added a box that you have to tick stating that you don't live in one of those four states. State / County (optional) Phone * Email address * By checking this box, you confirm that you are NOT from the following States in USA: AR ,IA ,MS and MO *
Well true. I wonder what happened to the other guy hello966? Hope he got paid....
Be like water go with the flow
Quoting maflip
{quote} Well true. I wonder what happened to the other guy hello966? Hope he got paid....
Don't know - might send him a PM - need to get a full picture here I think!
Quoting Mtinifx
{quote} Don't know - might send him a PM - need to get a full picture here I think!
I would like to know as well. As I am thinking of upgrading to a 100k account after a month or so with the profit I make But now.... hmmmm
Be like water go with the flow
Hi guys

Just got an email from Fidelcrest - this is unverified I presume. Of course the guys hasn't been paid out a bean yet!


"Jack of all trades, master of none."

This figure of speech holds true for Traders as well. Most Retail Traders blow account after account by spreading themselves too thin and trying to trade more than 5 pairs at a time.

Trader Jan N. from Czech Republic has mastered trading DAX. He recently completed 2 additional Challenge Verifications bringing his total to 3 Passed Challenges. All 3 Challenges have been passed by only trading DAX. Congrats! (Account Metrix below)

  1. $50K Aggressive
  2. $50K Aggressive
  3. $100K Aggressive"

Quoting Mtinifx
Hi guys Just got an email from Fidelcrest - this is unverified I presume. Of course the guys hasn't been paid out a bean yet! "Jack of all trades, master of none." This figure of speech holds true for Traders as well. Most Retail Traders blow account after account by spreading themselves too thin and trying to trade more than 5 pairs at a time. Trader Jan N. from Czech Republic has mastered trading DAX. He recently completed 2 additional Challenge Verifications bringing his total to 3 Passed Challenges. All 3 Challenges have been passed by only...
They are still looking for suckers to scam? Whenever I see an email coming from Fidelcrest it goes straight to the recycle bin.
Be like water go with the flow
Quoting SKLearn
{quote} there is lot of unanswered questions. if they call that as payout email, why it is coming from a Legal Consultant. why that so called legal consultant has no proper signature is there a legal consultant or the same guy sending emails from different accounts. why customer support team responds because that legal consultant email is not working. why I never got direct reply from the legal; all the responses coming from customer support. why MFF says in their website no documents needed in their payout process section. But they still ask for...
Hi SKlearn

I have to say that the timing does look dubious. If I was in your shoes I would also be feeling pretty upset. A lot of stress and hard work for two weeks only to be told that you're not getting a bean! That is not good at all for a new company that's trying to build some sort of reputation.

On the flip side I really do think that you should have talked to us before opening a $500k account with an untested outfit! I for one would have advised you to start small and test the waters just as Maflip and others have done. You would have avoided a whole lot of stress.

The last time I saw you on the boards you were posting on the FTMO thread and telling us how much you loved FTMO and slating and ignoring anyone who dared to say anything negative about FTMO. Next thing you pop up with this story and we learn that you jumped in head first with a huge $500k account with Myff. Quite amazing!
Quoting SKLearn
{quote} I ignored people I was busy optimizing my portfolio to include prop firms; their feedback was distracting at that time. Once I finished drafting the plan, I stopped ignoring them. FTMO, BluFx are both good and I have no negatives. Whenever I had questions I clarified with them over emails. I tested almost all prop firms by buying big accounts and selected few to continue. Some refunded the fees; some cheated me. MFF big fund, (actually, 1 million which I planned to purchase 2 more 250K accounts last Friday, dropped that plan after this issue,...
Listen mate just ignore me OK? AS you did before. That will suit me fine!

You posted this whole story so obviously you opened yourself up to to some criticism.

Now you tell everyone that you're the big spender and you're quite happy to lose the money in order to find the perfect Prop company! Well I have news for you mate, you will NEVER find the perfect prop company. I presume that you probably got upset with someone in the FTMO outfit which is why you ended up opening an account with MYff - LOL!!!

Seems that you have a lot of money to blow - good luck to you. My suggestion is that you do NOT post on this thread anymore. As it's my thread any further posts from you will be deleted.

GOOD BYE and good riddance
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