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  • #1,061
  • May 17, 2021 1:04am May 17, 2021 1:04am
As explained at www.darwinex.com/spreads, the leverage we currently offer varies depending on the asset you trade:
30:1 for major currency pairs;
20:1 for non-major currency pairs, gold and major indices;
10:1 for commodities other than gold and non-major equity indices;
5:1 for individual equities and other reference values
Please note that these leverages are mandatory for retail clients in Europe since August 2018 (when ESMA regulation came into force).



Maybe they have different leverage for different parts of the world by having off shoot branches ( I doubt it) but this is the only thing they offered regarding their leverage structure. They never asked me where in the world I was.
  • #1,062
  • May 17, 2021 1:05am May 17, 2021 1:05am
Quoting OutThere
{quote} Do you sleep with the owner's wife? I asked for higher than a 1:30 leverage and this was their reply: In relation to the leverage, you can have a higher leverage but you'd need to prove that you meet the criteria to be classified as an Elective Professional Client, once you send us the documents that proves them, youŽll have a higher leverage.
Well then I must have met the criteria. I just opened an account & funded it. Didn't ask the leverage question. Got 1:200. The wife is very nice though.
Look Left Trade Right
  • #1,063
  • May 17, 2021 1:10am May 17, 2021 1:10am
Quoting Basill
{quote} Well then I must have met the criteria. I just opened an account & funded it. Didn't ask the leverage question. Got 1:200. The wife is very nice though.
The criteria is that you meet 2 of these 3 conditions:

1- have an account bigger than 500K
2- Trade more than 500 lots per months.
3- Be employed at a brokerage for a few years.

Or something like that.
So, if you just opened an account and they gave you 1:200 leverage, they are mind readers.


I'm just going by what their rep provided me. Maybe I shouldn't have asked anything and just opened an account for an automatic 1:200.
  • #1,064
  • May 17, 2021 1:15am May 17, 2021 1:15am
Quoting OutThere
{quote} The criteria is that you meet 2 of these 3 conditions: 1- have an account bigger than 500K 2- Trade more than 500 lots per months. 3- Be employed at a brokerage for a few years. Or something like that. So, if you just opened an account and they gave you 1:200 leverage, they are mind readers. I'm just going by what their rep provided me. Maybe I shouldn't have asked anything and just opened an account for an automatic 1:200.
Perhaps they thought you were inquiring about a professional account.??
Look Left Trade Right
  • #1,065
  • May 17, 2021 1:19am May 17, 2021 1:19am
Quoting Basill
{quote} Perhaps they thought you were inquiring about a professional account.??
You can also Migrate Your Track Record to Darwinex
We know that a good track record can take years to perfect. If you hold an MT4 account with another broker, you can import your track record into a Darwinex real account and not have to begin from scratch.

Better still. Take a gander at the Lepus site.
Look Left Trade Right
  • #1,066
  • May 17, 2021 1:35am May 17, 2021 1:35am
Quoting OutThere
Hey PF, I kinda know a little bit about your trading style from what you have written and what I have heard. As you mentioned before, implementing SL constantly is going to be an issue for you. I think Pipmaster came from a different trading environment to trading in 5er's environment and with the axe over his head at every step of the way and with being in a contest (however self imposed), it became overwhelming. I don't blame him at all for his performance. In that contest, I nearly wiped out myself even without any restrictions. Well, now you...
not sure how me trading typically without SL and needing to change that relate to another trader's struggle to pierce some winning trades together to a less one sided equity curve, literally every trade in ending in a loss...
but if being a contest is an "axe over his head at every step of the way" of a trader....then look in the same light what i wrote yesterday about limited time and added psychologial pressure relating on the likes of FTMO challenge.

when comes to trading, humble isnt a word to use. try realistic. it is like feelings vs. calculated bet.
pulling off things totally secondary to my curiosity this case, and this point.
my trading and income is based on my personal acct not on prop. make or not make 5ers acct, or drop the experiment at some or any point for whatever reason is meaningless in some sense.
bcos i didnt claim at any point i can do this or that and i will prove it to you! if that is what you mean about coming different trading environment...? then yes, different! lol

Quoting OutThere
Also PF, I didn't read your 5ers thread thoroughly and I could be wrong but from what I read, you got a free trial? If so, pipmaster or anyone else doing the 5ers thing wasn't granted such a privilege. They had to put hard earned cash on the line to find out how it works. If pipmaster had had this privilege, he would have reached his conclusions for free but he paid a price just for poking his toe in the water. Once again, I am not 100% sure if you got a free ride n I apologize if I misunderstood but everyone should get a free trial and if one person...
technically true.
for some reason 5ers felt they want me to try to trade their acct, even though the original talk was something of a different arrangement, what they dont have in the moment the way to facilitate easily.
perhaps they do look into some alternative ways to find traders, should ask them about it. shoudl ask them for the reason.
on my side, when we were talking about the other arrangement that didnt happen, i did attach an actual recent live track record what some could say was quite impressive. ( not the highest % gains way, but in a consistency standpoint rather)

what i learned in life, asking cost little effort. if there is a door, you can knock on it. it may not open, but the effort it takes is little, and not giving a try cost the more potentially.
so what to say? once in a while try to be proactive? why not?

as for the thread, i think it is pretty transparent. read it?
this part
"everyone should get a free trial and if one person can get it, everyone should be able to."
sure. totally.
but is everyone equal as is able to produce or offer the same qualities of trading? you answer to yourself

Quoting OutThere
i was given a chance to to try 5ers acct, as a courtesy of the firm. https://www.forexfactory.com/thread/...2#post13538902 So, I guess it is a complimentary account. It is kind of like the web influencers that get brand new free products. It is always fun watching them open the package, unwrap the stuff and lay them out. Nice, shiny and of course free. Always makes me jealous, but again, after all, they are web influencers. They have a following and they have proven themselves worthy of using the tool they are given. It really...
again, pretty clear on that, only with the contingency that whatever i say, write, or conclude will reflect nothing but my own opinion and experience as a trader, and it is no way was agreed otherwise.
i am not a paid influencer who owe the sponsor anything. it isnt that type of deal.

for the being jealous to influencers...share the feeling. but also share the notion that the opportunity is there for everyone. if i want to open a phone in a video, somehow i would need to convince that company to send me one. not to the other millions of wannabe influencers but me.
i dont stand out, i dont put the required effort into even trying to....thus i dont get a phone to unbox.
but can i feel really jealous for others doing something i am unwilling to do ( the effort to stand out)?

Quoting pipmaster77
{quote} Now, if there was a way with the 5%ers, to upload a track record and qualify that way....cool. However, I've searched and searched and I just don't see that method of qualifying listed on their website??????????????????????????????????????? WTF, why should everyone else pay? Matter of fact, now that one person has a free ride, I certainly hope nobody else is going to give this firm a dime. Why would you, there is a way to do it for free!
ahh, that is whining!
does the website has a "contact us"?
does 5ers have a FF.com forum presence?
FFS. grow up!!
do you think sitting on your a.s.s. and a free meal just keep flying your way?

ok, seriously.
you claim to trade FTMO for a handful of months now, suppose successfully...( forget it is a demo acct)...what holds you back to use that track record and find some opportunities ( read: deals) if possible.
my original proposal was to pay up the max dd of a trading acct.
in fact i did that to FTMO a good while back too, them supposedly looking for serious traders, what can be more serious than offer to deposit 10k for your max dd to cover to skip the challenge? time is money after all. and one doesnt need to be humble but realistic in trading....deja vu...
so, go ahead and gather up your FTMO track record, or better a personal live acct, and show something that impress ppl to the way that even if the original proposal cant work, just maybe they see something that want them to work with you as happened with 5ers.

then i have explained yesterday already explained that any live acct track record has a use, the higher equity the more. bcos shows a degree of seriousness and responsibility.
a lot more than any demo.

Quoting doji
I was actually going to ask PF about it on his thread but I did not have the requisite red diamond. But at least, PF was transparent about the 5ers "deal." He could have chosen not to reveal the arrangement and nobody would be the wiser. He did also say he was going to call it like it is--and I think he's more credible than Blake of VVS from what I've seen at this forum.
correct.
transparent.
real.
i dont have youtube videos. i dont have nor post ref links to any prop firms.
i do my own assessment to myself, and share my own personal experiences.
take Axi, 6 digit acct, 16 weeks, all weeks profitable, yet there is very very very limited views to the thread, bcos ppl like to make excuses, not track records.
suspect most of the 500$ high leverage private accts dont last 6 months+...shocking? not!
PF is not Blake of VVS.
there is always, always another trade!!
  • #1,067
  • May 17, 2021 2:17am May 17, 2021 2:17am
Quoting profitfarmer
{quote} this part "everyone should get a free trial and if one person can get it, everyone should be able to." sure. totally. but is everyone equal as is able to produce or offer the same qualities of trading? you answer to yourself
Oh shit!!!!!!
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  • #1,068
  • May 17, 2021 2:19am May 17, 2021 2:19am
Quoting OutThere
{quote} In comparison, Axi Select looks much better but again, they have these hoops you have to jump tru one after another and if you lapse, you get put back a notch or so and you have to stay low until you prove yourself worthy of getting back to where you were. How was that for a laymen explanation of what it takes to trade with those entities.
curious to hear,
what are the hoops you need to jump thru one after another?
any existing track record with any broker ( yes, live acct only with 1k+ average equity, so no 10$ to million dreamers!) could instantly qualify you.

really not that difficult to do it.
there is always, always another trade!!
  • #1,069
  • May 17, 2021 2:30am May 17, 2021 2:30am
Quoting profitfarmer
{quote} all weeks profitable, yet there is very very very limited views to the thread,
I think it's mostly because of the limited posting privilege. Interaction is what keeps a thread active and keeps people coming back, once a person posts a comment, they're automatically subscribed, but i had to find the subscribe button myself which most won't bother to do. Also, you don't really post much and the time you do its sort of repetitive since it's a personal journal and you're not a very wild reckless trader who always has something to share regarding equity swings and all that.
I understand the need to limit posting though, it maintains orderliness.

however, i'd love to ask a lot of questions regarding your approach, so whenever you see fit, you could open another thread solely for discussions related to your journey and journal. I'm sure most would appreciate that.
  • #1,070
  • May 17, 2021 2:40am May 17, 2021 2:40am
Quoting Koop
{quote} I think it's mostly because of the limited posting privilege. Interaction is what keeps a thread active and keeps people coming back, once a person posts a comment, they're automatically subscribed, but i had to find the subscribe button myself which most won't bother to do. Also, you don't really post much and the time your do its sort of repetitive since it's a personal journal and you're not a very wild reckless trader who always has something to share regarding equity swings and all that. I understand the need to limit posting though,...
really not a matter, but i think it is simple more interesting to talk about the next popping up zero credibility "prop firm" bcos one can instantly buy into a dream without any prior work, however much a failure he is up to date.

LOL, the other parts true.
dont post much. and it is still repetitive.
we all heard that good trading supposed to be boring.
well, it is.
there is a main goal, and there is the day to day, week to week working toward that. takes discipline. unpopular forum topic.
end of the month, as promised before, will be again open the thread for a Q&A.
then at/if at the completion of reaching the max 350k funds.
there is always, always another trade!!
  • #1,071
  • May 17, 2021 3:13am May 17, 2021 3:13am
If any other people got completely lost and totally confused about 30 posts ago - you're not alone!
  • #1,072
  • May 17, 2021 3:28am May 17, 2021 3:28am
Quoting Mtinifx
If any other people got completely lost and totally confused about 30 posts ago - you're not alone!
were you referring to this post?
https://www.forexfactory.com/thread/...rm-hub?page=50

oh, it was you!!
i did try to find out a little about it....
searched google left and right, about funding talent proof with the guy's name, guy's name, guy's name with bmw i8....
nothing out there.
the only thing a search can confirm, that no way 20k buys you a brand new i8, not even a totalled second hand from the junkyard really most places.
but hey, it looks good, feels good, got to be real.

yes, i am sceptical.
post 2k of your own payout proof, and i will be enthusitic and happy for you!
that 2k would mean a lot more to any real ppl than a questionable "proof" like the one linked.
why not show something real?
there is always, always another trade!!
  • #1,073
  • May 17, 2021 3:39am May 17, 2021 3:39am
Quoting profitfarmer
{quote} really not a matter, but i think it is simple more interesting to talk about the next popping up zero credibility "prop firm" bcos one can instantly buy into a dream without any prior work, however much a failure he is up to date. LOL, the other parts true. dont post much. and it is still repetitive. we all heard that good trading supposed to be boring. well, it is. there is a main goal, and there is the day to day, week to week working toward that. takes discipline. unpopular forum topic. end of the month, as promised before, will...
subscribed (but can't post because I'm only an orange diamond member). Looking forward to follow your experiment and success.
  • #1,074
  • May 17, 2021 3:50am May 17, 2021 3:50am
Quoting profitfarmer
{quote} curious to hear, what are the hoops you need to jump thru one after another? any existing track record with any broker ( yes, live acct only with 1k+ average equity, so no 10$ to million dreamers!) could instantly qualify you. really not that difficult to do it.
Oh come on pf. You know exactly what hoops.
What you explained just qualifies you to begin the hoop process.
I don't feel like pulling page and copy and pasting things cause you know that page by heart.

Incubation hoop, Acceleration Hoop and Pro hoop.
You trade a parallel account with 10K aud and you must stay positive with dd limits etc. and if you break rules you get shoved back to where you came from, you do time and you get back in the bowl. Unless you make it tru all the hoops, you get shoved back. Each hoop takes 2 months if you don't end up going back.
Of course the goal is to make it tru the end but I think you make money in those stages. I donno, never bothered with it.

See, you already knew it.
You just wanted me to type all that cause it's fun to make me do the work?
  • #1,075
  • May 17, 2021 5:46am May 17, 2021 5:46am
Quoting profitfarmer
{quote} were you referring to this post? https://www.forexfactory.com/thread/...rm-hub?page=50 oh, it was you!! i did try to find out a little about it.... searched google left and right, about funding talent proof with the guy's name, guy's name, guy's name with bmw i8.... nothing out there. the only thing a search can confirm, that no way 20k buys you a brand new i8, not even a totalled second hand from the junkyard really most places. but hey, it looks good, feels good, got to be real. yes, i am sceptical. post 2k of your...

My goodness ProfitFarmer, you're a total skeptic! Why shouldn't it be real? You think he faked those communications from FT? Good grief man! Also he obviously didn't buy the BMW cash. Have you never heard of hire purchase??

You don't think that a few people are doing very well trading funded accounts with FTMO or FT or Myff? Well I have news for you. They are!! Just because you're obviously too afraid to give it a go doesn't mean that others are not.

A few people are doing very well at the prop game that's for sure - anyway this guy is going to post his payment proof (Paypal) on Facebook once he actually gets the money from FT

Amazing isn't it. Some traders when they see others doing really well at this game just cannot bring themselves to believe it
  • #1,076
  • May 17, 2021 8:05pm May 17, 2021 8:05pm
Got an idea!

Quick show of hands: Team Hare (aka fast and furious) OR Team Turtle (aka slow and steady)?

One year from now, let's see which group does better...
Amor Fati--F. Nietzsche
  • #1,077
  • May 17, 2021 11:35pm May 17, 2021 11:35pm
TT
  • #1,078
  • May 18, 2021 12:05am May 18, 2021 12:05am
Quoting doji
Got an idea! Quick show of hands: Team Hare (aka fast and furious) OR Team Turtle (aka slow and steady)? One year from now, let's see which group does better...
Group 3: Morphs into turtle when it's time to go slow and turns into rabbit when it is time to run fast.

The conditions imposed by these trading illiterate marketing firms makes it impossible for the group 3 to participate and all the better for that cause group 3 doesn't need them.
  • #1,079
  • May 18, 2021 3:11am May 18, 2021 3:11am
Quoting doji
Got an idea! Quick show of hands: Team Hare (aka fast and furious) OR Team Turtle (aka slow and steady)? One year from now, let's see which group does better...
TH.

Funding talent 25k purchased to test. Will start trading next week while i conclude pruning my strategy..

Quoting OutThere
{quote} Group 3: Morphs into turtle when it's time to go slow and turns into rabbit when it is time to run fast. The conditions imposed by these trading illiterate marketing firms makes it impossible for the group 3 to participate and all the better for that cause group 3 doesn't need them.
Lol You just described the Hare group. Start fast to complete challenge and slow the f*ck down afterwards.
  • #1,080
  • May 18, 2021 3:29am May 18, 2021 3:29am
I'm TT, by the way.

Started trading the 50k account at Lux on the 12th of May.
Amor Fati--F. Nietzsche
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