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  • #501
  • Oct 26, 2020 3:55am Oct 26, 2020 3:55am
Quoting Mtinifx
{quote} I think they are a bit flexible because it was day 1. I definitely checked it with them. Thanks yes - for next week that will be my min/max
Not to spook your tender sensitivities Mtini lol, but i would really appreciate if you could point me towards where you've been seeing MFF reviews and pay outs if you don't mind.
Outside of Forex factory i mean. Been searching through their facebook and instagram accounts and can't really find much compared to Forextips which is more active on social media. May be i still suck at this social media thing.
  • #502
  • Oct 26, 2020 4:51am Oct 26, 2020 4:51am
Quoting Koop
{quote} Not to spook your tender sensitivities Mtini lol, but i would really appreciate if you could point me towards where you've been seeing MFF reviews and pay outs if you don't mind. Outside of Forex factory i mean. Been searching through their facebook and instagram accounts and can't really find much compared to Forextips which is more active on social media. May be i still suck at this social media thing.
Their registered address is this

https://www.google.com/maps/@43.6585...7i16384!8i8192

5580 Explorer Drive, Toronto, Canada

Is here anyone from Toronto?
  • #503
  • Oct 26, 2020 5:29am Oct 26, 2020 5:29am
Quoting Koop
{quote} Not to spook your tender sensitivities Mtini lol, but i would really appreciate if you could point me towards where you've been seeing MFF reviews and pay outs if you don't mind. Outside of Forex factory i mean. Been searching through their facebook and instagram accounts and can't really find much compared to Forextips which is more active on social media. May be i still suck at this social media thing.
I think he is a member of a private group in FB where they share information he linked it here somewhere. You can ask to join that group. Compared to Forextips, I think MFF is better as there is no ambiguity, even the consistency rule have a formula. While Forextips, there are so many listed rules that can be subjective. Just my opinion though. It's your choice. What I don't like about the two is the monthly subscription. I got a good deal when there's a no monthly fee promo. Right now, I wouldn't suggest signing up with either of them. Hopefully they bring back the no monthly fee. Unless if you are extremely good and can average more than 10% a month then go for it if you like.

You can't find a review on MFF yet as they are only 2 months old. But as for my experience they do pay. I do agree with you FTMO is better, but there is so many problems on the server right now. This is why I haven't tried their challenge yet.

I will sign up with FTMO someday once all the problems are cleared... Maybe next year they will get everything fix...
  • #504
  • Oct 26, 2020 5:42am Oct 26, 2020 5:42am
Quoting maflip
{quote} I think he is a member of a private group in FB where they share information he linked it here somewhere. You can ask to join that group. Compared to Forextips, I think MFF is better as there is no ambiguity, even the consistency rule have a formula. While Forextips, there are so many listed rules that can be subjective. Just my opinion though. It's your choice. What I don't like about the two is the monthly subscription. I got a good deal when there's a no monthly fee promo. Right now, I wouldn't suggest signing up with either of them....
Is better in what way?
  • #505
  • Oct 26, 2020 6:11am Oct 26, 2020 6:11am
Quoting maflip
{quote} I think he is a member of a private group in FB where they share information he linked it here somewhere. You can ask to join that group. Compared to Forextips, I think MFF is better as there is no ambiguity, even the consistency rule have a formula. While Forextips, there are so many listed rules that can be subjective. Just my opinion though. It's your choice. What I don't like about the two is the monthly subscription. I got a good deal when there's a no monthly fee promo. Right now, I wouldn't suggest signing up with either of them....
Oh, Thank you. The private group explanation makes a lot of sense. You're right about the rules being clearer than 101 too.

FTMO's where my heart's really at, but i'm giving these biweekly guys a shot to see if the idea makes any sense practically.
  • #506
  • Oct 26, 2020 6:22am Oct 26, 2020 6:22am
Quoting Koop
{quote} Oh, Thank you. The private group explanation makes a lot of sense. You're right about the rules being clearer than 101 too. FTMO's where my heart's really at, but i'm giving these biweekly guys a shot to see if the idea makes any sense practically.
Why exactly ? the way i am seeing this they pay a lot lower their support is by far inferior not 24/7 not even 24/5 plus you have to wait 2 months in order to receive your first profit split which will be after a year around 30-40 % lower than what MFF and Funding Talent offers overall(even after deducting monthly fees etc), you and others here keep saying that about FTMO could you please enlighten the rest of us what we are missing ? Because at least based on what the users are saying in this thread there is no comparison...
  • #507
  • Oct 26, 2020 7:33am Oct 26, 2020 7:33am
Quoting Brokewaplan
{quote} Why exactly ? the way i am seeing this they pay a lot lower their support is by far inferior not 24/7 not even 24/5 plus you have to wait 2 months in order to receive your first profit split which will be after a year around 30-40 % lower than what MFF and Funding Talent offers overall(even after deducting monthly fees etc), you and others here keep saying that about FTMO could you please enlighten the rest of us what we are missing ? Because at least based on what the users are saying in this thread there is no comparison...
Lol You obviously don't know what you're talking about regarding FTMO. Pay a lot lower?, 2 months before profit split?
I would have loved to enlighten you but i've been asked not to discuss anything outside of MFF & 101 on this thread, so you either do some proper research or go on the FTMO thread in the commercial section and re-post your comment so i could reply when i can.
  • #508
  • Edited 9:12am Oct 26, 2020 7:51am | Edited 9:12am
Quoting Koop
{quote} Lol You obviously don't know what you're talking about regarding FTMO. Pay a lot lower?, 2 months before profit split? I would have loved to enlighten you but i've been asked not to discuss anything outside of MFF & 101 on this thread, so you either do some proper research or go on the FTMO thread in the commercial section and re-post your comment so i could reply when i can.


Challenge and Verification need 10 days each (2weeks) so 4 weeks to get your account
quote from FTMO site

"The account profit split is done on a monthly basis, i.e. every 30th day from the first trade on the account. For example, if a trader starts trading on the 5th of April, the profit split is done on the 5th of May."

So.....plus1 month to get the first profit split ? = 2 months minimum

Pay a lot lower?
Lets see how much a trader can make in 12 months with either prop firm...

First way to earn (aka your Expertise Earning or “EE”) – On account that you sign up for – you will be paid 10% on bi-weekly basis during your first month. If you’re successful, we will increase that to, 12.5% for second month and 15% for third (+onwards) month. Your earnings will depend on being successful and not committing any violations in the trading period for that month. If a violation is made, your pay tier will reset to 10%.
Second way to earn (aka your Funded Earning or “FE”) – 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 (i.e. Maximum of $350 allocated to Funded Account on a $10,000 account). You will be able to access this trading account when you reach 10% of the account you signed up for. If you have signed up for different tiers (we will use 10% of the combined tier). Minimum time that you can start trading your FE account is 3 months.

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.

FundingTalent Aggresive is 90/10 from day 1 on the funded account

On a12 months basis on a 100k account lets say you average 10% /month or 5% biweekly


**EE and FE explained on their site in detail

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) ***verified by FF member posting on this thread

................FTMO... MFF .........FT(forextips101)20% EE and 90-10% split
.........................EE ...FE ...EE........FE
month1 none 1500 none 2000
month2 7000 1875 none 2000 9000
month3 7000 2250 none 2000 9000
month4 7000 2250 5000 2000 9000
month5 7000 2250 6500 2000 9000
month6 7000 2250 8000 2000 9000
month7 7000 2250 8000 2000 9000
month8 7000 2250 8000 2000 9000
month9 7000 2250 8000 2000 9000
month10 7000 2250 8000 2000 9000
month11 7000 2250 8000 2000 9000
month12 7000 2250 8000 2000 9000

TOTAL....77000 ...93375 ............123000

FEES AND MONTHLY -540 -3124 -3400 (initially fees plus monthly payments)

PROFIT..... 76460 .....90251 ........119600

As you can see ftmo pays a LOT lower...

The above calculations are based on what they are saying and what i figured out after contacting their support and some members of this thread verifying if the got the double EE payout i havent received a payout yet so i cant vouch for it. All the information i present is based on this thread its members and their support agents.
Is there any mistake with the my calculations because if not .Obviously you are the one who's mistaken.


**I completely misunderstood the Live Account section. WHOLE table is false
  • #509
  • Oct 26, 2020 8:14am Oct 26, 2020 8:14am
Quoting Brokewaplan
{quote} Is there any mistake with the my calculations because if not .Obviously you are the one who's mistaken.
You are assuming a 100K account with FTMO and also ignoring their growth plan of 25% every quarter, along with the fact that your challenge fees are refunded if you get funded. So, in theory if you're talented you make a "free" investment, and by making 10% a month with them you'll get 106K after 12 months from that 100K grown to 156K account. But in fact, you can have up to 3 accounts so technically you can make 320K profit in 12 months.

Attached Image

Looks obvious to me they can't be beaten in regards to the profits aspect.
  • #510
  • Oct 26, 2020 8:32am Oct 26, 2020 8:32am
Quoting tradista
{quote} You are assuming a 100K account with FTMO and also ignoring their growth plan of 25% every quarter, along with the fact that your challenge fees are refunded if you get funded. So, in theory making 10% a month with them you'll get 106K after 12 months from that 100K grown to 156K account. But in fact, you can have up to 3 accounts so technically you can make 320K profit in 12 months. {image} Looks obvious to me they can't be beaten in regards to the profits aspect.

True. The other prop firms allow up to 3 accounts also thats why i did not mention it.

So in that case it would be fair to say that FTMO pays the same and maybe more but after a year?
Attached Image
  • #511
  • Edited 9:11am Oct 26, 2020 8:41am | Edited 9:11am
Corrected table 12 months from day 1 trading with each firm taking into consideration 25% growth of FTMO 100k account every 4 months.
(100k accounts averaging 10%/m 5% biweekly)


................FTMO... MFF .........FT(forextips101)20% EE and 90-10% split
.........................EE ...FE ...EE........FE
month1 none 1500 none 2000
month2 7000 1875 none 2000 9000
month3 7000 2250 none 2000 9000
month4 7000 2250 5000 2000 9000
month5 7000 2250 6500 2000 9000
month6 8750 2250 8000 2000 9000
month7 8750 2250 8000 2000 9000
month8 8750 2250 8000 2000 9000
month9 8750 2250 8000 2000 9000
month10 109372250 8000 2000 9000
month11 109372250 8000 2000 9000
month12 109372250 8000 2000 9000

TOTAL....87062 ...93375 ............123000



FEES AND MONTHLY -540 -3124 -3400 (initially fees plus monthly payments)

PROFIT..... 86522 .....90251 ........119600


Conclusion:

The first profit split you ll get will be after 2 months...
And FTMO pays less UNLESS you can average 10% / quarter for 13 months and after that FTMO breaks even and steadily pays you more (in $ ) not in percentage due to the exponential capital growth they provide.

**I completely misunderstood the Live Account section. WHOLE table is false
  • #512
  • Oct 26, 2020 8:58am Oct 26, 2020 8:58am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-10-26-15-06-26.png Size: 231 KB

Quoting Brokewaplan
{quote} Challenge and Verification need 10 days each (2weeks) so 4 weeks to get your account quote from FTMO site "The account profit split is done on a monthly basis, i.e. every 30th day from the first trade on the account. For example, if a trader starts trading on the 5th of April, the profit split is done on the 5th of May." So.....plus1 month to get the first profit split ? = 2 months minimum Pay a lot lower? Lets see how much a trader can make in 12 months with either prop firm... First way to earn (aka your Expertise Earning or “EE”) – On...

Mtini, please permit me to address Mr. Broke and his laughable analysis one last time before ejecting us without a parachute.



Lol Hi Mr. Broke, for funding talent;

For Funding Talent. First of all, completely subtract every $2000 you have added in your equation because on the aggressive account YOU DO NOT EARN A WITHDRAWABLE BONUS!!!!
On the aggressive account, instead of being paid a 10% bonus, a 20% biweekly profit split is transferred into your Live trading account to enable you gain access to it faster. I repeat, You receive no withdrawable Bonus payments on the aggressive account, so you can not count it as your earnings, It is only capital.

so, going by your chosen variables, 20% of $100000 monthly, you make $2000 which is sent to your live account in addition to the $5000 FT deposits in your Live account every month.
Remember, you can only trade this Live account once your Live account balance is $15,000 or above. So if you earn $2000 on your demo account monthly(which is deposited in your Live account) plus the $5000 FT puts in your live account monthly, in 3 months, that would equate to

2000 + 5000 = 7000
2000 + 5000 = 7000
2000 + 5000 = 7000
Total = 21,000

You would need exactly 3 months to meet or cross the $15,000 mark in order to be able to trade and earn any money on the Live account.

Need i remind you that all this while, no money is being credited into your bank account and you are earning nothing during this period.

so on your 4th month, you have access to your Live account with a balance of $21,000.

you start making profits of 10% monthly on $21,000, and you get to keep 90% of that 10% profit... i.e

10% of 21000 = 2100
90% profit split of 2100 = $1890

you're still getting $2000 from your 20% of profits on your demo account, E.E $2000 + $1890 (90% split on live account ) = $3890

4th Month Profit = $3890






continue the calculations from there and deduct your monthly fees and tell me how this compares or even comes close to FTMO


You obviously don't have an idea of what you're talking about.
  • #513
  • Oct 26, 2020 9:03am Oct 26, 2020 9:03am
Quoting Brokewaplan
Corrected table 12 months from day 1 trading with each firm taking into consideration 25% growth of FTMO 100k account every 4 months. (100k accounts averaging 10%/m 5% biweekly) ................FTMO... MFF .........FT(forextips101)20% EE and 90-10% split .........................EE ...FE ...EE........FE month1 none 1500 none 2000 month2 7000 1875 none 2000 9000 month3 7000 2250 none 2000 9000 month4 7000 2250 5000 2000 9000 month5 7000 2250 6500 2000 9000 month6 8750 2250 8000 2000 9000 month7 8750 2250 8000 2000 9000 month8 8750 2250 8000 2000...

Lmao i honestly can't understand how you made these calculations on the expectations that you would be earning $9000 on your live account from your second month with Funding talent. haha

Are you of the impression that you would be trading a Live account of $100k from your second month?
  • #514
  • Oct 26, 2020 9:10am Oct 26, 2020 9:10am
Quoting Koop
{quote} Lmao i honestly can't understand how you made these calculations on the expectations that you would be earning $9000 on your live account from your second month with Funding talent. haha Are you of the impression that you would be trading a Live account of $100k from your second month?
Yes. (multifacepalm)

I completely misunderstood the Live Account section. I thought after you reach 15% you get access to another account with the same balance as you EE.
You are right , the tables are completely misleading i will cross them out.
  • #515
  • Oct 26, 2020 9:17am Oct 26, 2020 9:17am
Quoting Brokewaplan
{quote} I completely misunderstood the Live Account section. I thought after you reach 15% you get access to another account with the same balance as you EE. You are right , the tables are completely misleading i will cross them out.
Best bet is for one to purchase the Normal (not aggressive) package and have your little 10% of profits biweekly sent to your bank account while building the Live account to $15k and higher which could take forever, seeing as it is a minimum of 3 months.
  • #516
  • Oct 26, 2020 9:24am Oct 26, 2020 9:24am
Honestly, I don't understand why would someone even waste time with such awful conditions when there are better alternatives nowadays.
And having them fund a live account on my behalf with my profits, how nice to keep the money in their pocket, right ? wtf, you're basically building up the account that you'll trade for them, what a great business model, no need to put any signiticant capital upfront !!
So how about to just "give me my profit split and I'll set up my own account myself" ?
  • #517
  • Oct 26, 2020 9:32am Oct 26, 2020 9:32am
Quoting Koop
{quote} Best bet is for one to purchase the Normal (not aggressive) package and have your little 10% of profits biweekly sent to your bank account while building the Live account to $15k and higher which could take forever, seeing as it is a minimum of 3 months.

Quoting tradista
Honestly, I don't understand why would someone even waste time with such awful conditions when there are better alternatives nowadays. And having them fund a live account on my behalf with my profits, how nice to keep the money in their pocket, right ? wtf, you're basically building up the account that you'll trade for them, what a great business model, no need to put any signiticant capital upfront !! So how about to just "give me my profit split and I'll set up my own account myself" ?
Not only that but the fact that in that case "If you decide to leave Funding Talent, you may withdraw any profits from the account but you cannot touch the balance."
makes it even more unbelievable.... So actually your initial profits stays there.

It just don't make any sense why indeed you would choose to go with that ...
  • #518
  • Oct 26, 2020 9:36am Oct 26, 2020 9:36am
Quoting tradista
And having them fund a live account on my behalf with my profits, how nice to keep the money in their pocket, right ? wtf, you're basically building up the account that you'll trade for them, what a great business model, no need to put any signiticant capital upfront !!
hahaha exactly! It's so sneaky that customers miss how ridiculous the idea is. You are basically funding yourself with your own profits.

I just think the possibility of earning a little $500 - $2000 every 2 weeks is not a bad idea while working on earning more reasonable profits from other firms.
  • #519
  • Oct 26, 2020 9:39am Oct 26, 2020 9:39am
Quoting Brokewaplan
{quote} {quote} Not only that but the fact that in that case "If you decide to leave Funding Talent, you may withdraw any profits from the account but you cannot touch the balance." makes even more unbelievable.... So actually your initial profits stays there. It just don't make any sense why indeed you would choose to go with that ...
lmao Totally forgot that part. It's profit you worked for but somehow it's their capital. Understandable but just funny.
  • #520
  • Oct 26, 2020 9:46am Oct 26, 2020 9:46am
Quoting Koop
{quote} I just think the possibility of earning a little $500 - $2000 every 2 weeks is not a bad idea while working on earning more reasonable profits from other firms.
Yeah, on that I agree, they could be used as a secondary small and slow income stream (pocket money? ) and for diversification, but even for that there's better options imo.
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