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Attachments: Funded Trader Program (FTMO, BLUFX, TOPSTEP FX, FIDELCREST)
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Funded Trader Program (FTMO, BLUFX, TOPSTEP FX, FIDELCREST)

  • #41
  • Sep 28, 2020 1:57pm Sep 28, 2020 1:57pm
All those funding choices suck for one reason or the other.

Questions:

1- Why not use a signal selling service like MQL5 or IDK...etoro etc. where you trade as you trade on your own terms and if anyone likes your performance, they pay a monthly fee and if they don't like it at some point, they can leave?

2- Can these funding companies hook up your account via backdoor software to their accounts and multiply your trades? I mean you sign up for a small account and pay them the fees and meanwhile they see you're doing well and make many times what they pay you.

3- Do they have algorithms in place that clears your account if you violate one of their terms? For example if they allow you max .25 lots and you go over that, out of fear that you are going to max margin use, they just liquidate your account and you are out and you lose your fee?

They all look like a bunch of shady vultures trying to use you especially that there are a lot that they keep from you like their backdoor software that who knows what it's doing.
  • #42
  • Nov 9, 2020 1:14am Nov 9, 2020 1:14am
Got repeat on 1 100k Account, screenshot attached...
2 Account cleared 100k.....

FTMO is so far good...
in last 2 weeks i cleared more than 5 accounts.....

this week i m going to do some verification and also some new 25k challenge.....
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  • #43
  • Nov 11, 2020 1:29pm Nov 11, 2020 1:29pm
Quoting OutThere
All those funding choices suck for one reason or the other. Questions: 1- Why not use a signal selling service like MQL5 or IDK...etoro etc. where you trade as you trade on your own terms and if anyone likes your performance, they pay a monthly fee and if they don't like it at some point, they can leave? 2- Can these funding companies hook up your account via backdoor software to their accounts and multiply your trades? I mean you sign up for a small account and pay them the fees and meanwhile they see you're doing well and make many times what...
hi
Q1 answer: also a selling service can copy your trade, example you are the signal provider and i'm your client then i can setup an copy software on that account and copy your signals on another or a higher personal account. and you need a lot of follower to made money.

Q2 answer: yes the can but never forget that accounts are in the name of the company not in your name so the account holder is always the company, why the should be multiply your trades? this will be a bet then on one horse, if the company has 100 funded traders and 10 of them made a good amount of money then the company made a lot of money.

Q3 answer: they will have direct API access so risk and rules management is full automated
aka Liquinvest
  • #44
  • Nov 11, 2020 1:39pm Nov 11, 2020 1:39pm
Quoting Copis
{quote} hi Q1 answer: also a selling service can copy your trade, example you are the signal provider and i'm your client then i can setup an copy software on that account and copy your signals on another or a higher personal account. and you need a lot of follower to made money. Q2 answer: yes the can but never forget that accounts are in the name of the company not in your name so the account holder is always the company, why the should be multiply your trades? this will be a bet then on one horse, if the company has 100 funded traders and 10...
Thanks. I know. All your answers make sense.

I'm still torn between using one of these places or not. Will see.
  • #45
  • Nov 12, 2020 3:41am Nov 12, 2020 3:41am
Quoting skyf
{quote} City is better with more days to profit target as the FTMO 30 days calendar is just about 20 trading days in reality due to 4 weekends( 8 days ) from the 30 days. Also City allow one to compound .
I reply here cause whenever I post on ftmo's thread. the op gets a heart attack.

I emailed cti and asked them a couple of questions but they didn't acknowledge or reply.
Not a good sign. I'm not going to bother with them.
The5ers is practically the same thing, so If I go with anyone, it'll most likely go with them.

The5ers has a 6 month limit which is still plenty.
  • #46
  • Nov 28, 2020 12:16pm Nov 28, 2020 12:16pm
Quoting OutThere
{quote} Thanks. I know. All your answers make sense. I'm still torn between using one of these places or not. Will see.
ok for more clearness.

FTMO, The5ers and all others seen the same as you on the MT4 how long you made that on the server side. So every trade, Every Limit every hard SL and TP but also if you connect your Platform as a Signal Provider every client seen that.

Understand the way of your trade: you give a Limit in MT4 this send that Limit to the MT4 server here the Prop Trading Company can see your Limit (the Account Owner is the Prop Trading Company not you never forget that) and also the Broker (if it an Agent Model then also the Liquidity Pool) see that Limit.

If you want no one see your SL/TP and/or Limit Orders then you must hidden that things via an EA on your MT4 but then you must be sure your MT4 running by your side 24H without any internet issues.

I understand some traders but if you want trade with other people Money then this is the way. If you trade for an Asset Management Company then it is much harder then on any remote Prop Company.
aka Liquinvest
  • #47
  • Nov 28, 2020 1:03pm Nov 28, 2020 1:03pm
Quoting Copis
{quote} ok for more clearness. FTMO, The5ers and all others seen the same as you on the MT4 how long you made that on the server side. So every trade, Every Limit every hard SL and TP but also if you connect your Platform as a Signal Provider every client seen that. Understand the way of your trade: you give a Limit in MT4 this send that Limit to the MT4 server here the Prop Trading Company can see your Limit (the Account Owner is the Prop Trading Company not you never forget that) and also the Broker (if it an Agent Model then also the Liquidity...
An owner of a certain prop firm regularly mentions how verse he is at looking at his traders accounts and analyzing their trades and giving feedback to his traders. He even boasts about the need from the traders to come to him and receive advice. He even mentioned that he is the boss and as the holder of the funds, he can tell the traders to trade any way he wants.

There is no question that once you trade someone else's money, they are going to be in your face not only by manually going through your trades, but also, using any backdoor program or EA to monitor the accounts.

The difference between trading for a client (a regular person) and an institution geared to pick, access and monitor traders is stark. The prop firms are certainly not 'silent partners'. Far from it, they are anything but silent. They assert their right to breathe down your neck whether they are useful or not.

I realize that is the way of life and if one wants too deal with prop firms, they have to sell their soul, at least partially. That is what I mean when I say prop firms don't trade the market. They trade the traders.
  • #48
  • Nov 28, 2020 1:52pm Nov 28, 2020 1:52pm
Quoting OutThere
{quote} An owner of a certain prop firm regularly mentions how verse he is at looking at his traders accounts and analyzing their trades and giving feedback to his traders. He even boasts about the need from the traders to come to him and receive advice. He even mentioned that he is the boss and as the holder of the funds, he can tell the traders to trade any way he wants. There is no question that once you trade someone else's money, they are going to be in your face not only by manually going through your trades, but also, using any backdoor program...
but the broker you deal with see all too. if you think you can hide all away the only way is don't trade.
aka Liquinvest
  • #49
  • Dec 3, 2020 3:23pm Dec 3, 2020 3:23pm
Quoting waqas3666
Got repeat on 1 100k Account, screenshot attached... 2 Account cleared 100k..... FTMO is so far good... in last 2 weeks i cleared more than 5 accounts..... this week i m going to do some verification and also some new 25k challenge..... {image} {image} {image}










Just started another 100k FTMO account.
  • #50
  • Feb 10, 2021 7:38am Feb 10, 2021 7:38am
https://ftmo.com/?affiliates=298
  • #51
  • Mar 3, 2021 12:20am Mar 3, 2021 12:20am
100k dusted.....i m doing this everyday, if anyone want to join i have paid services he/she can get funded account through me
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  • #52
  • Mar 8, 2021 5:00am Mar 8, 2021 5:00am
Quoting waqas3666
100k dusted.....i m doing this everyday, if anyone want to join i have paid services he/she can get funded account through me {image} {image}
nice!

What are you doing with all the approved accounts? Looks like it is easy to get approved
  • #53
  • Last Post: Apr 17, 2021 11:56am Apr 17, 2021 11:56am
There is nothing easy in Forex, if you know what are you doing and you repeatedly doing the process, only you can win and also if you have good strategy, if you need any kind of help let me know.........
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