Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

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

So I accepted a Prop Trading job in South Beach Miami 43 replies

what is a prop trader? 3 replies

Attachments: Enfoid Prop Funding
Exit Attachments

Enfoid Prop Funding

Quoting AndyN
There is no 50% profitable days rule - it is not listed under rules on the website or in the contract

http://enfoid.com/blog/proprietary-prop-trading-changes-updates

Attached Image (click to enlarge)
Click to Enlarge Name: 0.png Size: 25 KB
Not doing any business with them - total chaos on the website, in support responses, not answering all my questions in this thread - I skip on these SC****ERS and move on. Waste of time
Quoting AndyN
Not doing any business with them - total chaos on the website, in support responses, not answering all my questions in this thread - I skip on these SC****ERS and move on. Waste of time
Keep in mind that it was not EnFoid that opened this thread. So this is not an official support thread. Don't wait for answers from them here.
You will probably get quick answers by going to their Discord Chat https://www.swingfish.trade/discord
The owner of the company is this guy here: https://www.forexfactory.com/nullx8 but note that neither the owner is advertising the company here at the forexfactory.
It seems that they are not interested in profiting from registration fees. Maybe that's why they don't act like salespeople and don't treat the public like customers.
To accuse them of being scammers just because they didn't give you a response is stupid.
How does Enfoid calculate the drawdown?

Lets say i bought GBPUSD at 10, and it went down to 7 and then back to 11. Then i sold at 11. Will it count as drawdown?
Will I be required to contribute for capital, even after successfully completing 100 days of evaluation i.e. upgrade to fast?What if Enfoid starts live trading before completion of evaluation period?Is Enfoid willing to be transparent on this aspect ?
Quoting RubelByrne
{quote} Hello I am still in the verification phase. Enfoid is a very legitimate company. If you have good trading record you can even trade in office with salary+commission.
Hi Rubel Byrne,
you had posted about the start of your journey with Enfoid completing their verification in 6 days on March the 19th 2020, after that you posted on September 25th 2020, but did not update us about your journey with Enfoid...
today the 11th of Feb 2021 , as only you are the person who seems to have traded with Enfoid, i would like to ask you if you completed the evaluation and went on to trade the live funded account???? if yes can you shed some light on the experience you had with them and pros and cons of the prop firm and how would you rate them on a scale of 1 to 10...

thanks
Bobby
just my 2 cents
Quoting Bobby.fx
{quote} Hi Rubel Byrne, you had posted about the start of your journey with Enfoid completing their verification in 6 days on March the 19th 2020, after that you posted on September 25th 2020, but did not update us about your journey with Enfoid... today the 11th of Feb 2021 , as only you are the person who seems to have traded with Enfoid, i would like to ask you if you completed the evaluation and went on to trade the live funded account???? if yes can you shed some light on the experience you had with them and pros and cons of the prop firm and...
Hello, I have become very busy for quite some time now. I got funded with them and got 50% profit share in time. They are the most professional among all other prop firms in my honest opinion. They really are not after fees like others. I enjoyed trading with them but unfortunately I hit max DD after 3 profit splits in 3 months. I am now going to start trading with Enfoid again soon. I really like their professionalism and honesty.
Quoting RubelByrne
{quote} Hello, I have become very busy for quite some time now. I got funded with them and got 50% profit share in time. They are the most professional among all other prop firms in my honest opinion. They really are not after fees like others. I enjoyed trading with them but unfortunately I hit max DD after 3 profit splits in 3 months. I am now going to start trading with Enfoid again soon. I really like their professionalism and honesty.
Being professional is good but paying 50% while others are paying 70 - 85% for the same model is greed on their part. The profit sharing must be fair for traders because they are the ones working hard.

My humble opinion
Quoting Phronesis24
{quote} Being professional is good but paying 50% while others are paying 70 - 85% for the same model is greed on their part. The profit sharing must be fair for traders because they are the ones working hard. My humble opinion
Well who is returning fees on lost challenges? Please enlighten us. How many prop firm give 10% return on lost challenges?
Quoting sampat
{quote} Well who is returning fees on lost challenges? Please enlighten us. How many prop firm give 10% return on lost challenges?
I know one that pays 2% for passing challenge and pays 4% for passing evaluation and subscription fees plus 12% for completing the process.

Profit share of 85% compare to 50%........There is no comparison mate......I want to be paid for my hard work mate.

They reward traders for doing well.

You get all your subscription fees plus interest for completing all the process to be funded.

I won't do challenge and evaluations for 50% profit share.......Prop firms are offering 50% profit share for Direct Live Account with no challenges and evaluations.
Quoting Phronesis24
{quote} I know one that pays 2% for passing challenge and pays 4% for passing evaluation and subscription fees plus 12% for completing the process. Profit share of 85% compare to 50%........There is no comparison mate......I want to be paid for my hard work mate. They reward traders for doing well. You get all your subscription fees plus interest for completing all the process to be funded. I won't do challenge and evaluations for 50% profit share.......Prop firms are offering 50% profit share for Direct Live Account with no challenges and evaluations....
Do they pay for failed challenges? I don't think so. But this one does.
Quoting Phronesis24
{quote} ... but paying 50% while others are paying 70 - 85% for the same model is greed on their part. The profit sharing must be fair for traders because they are the ones working hard. My humble opinion
that's because it is not the same model! (just because the ruleset is similar, does not mean they follow the same system or have the same company structure)

besides:
The company carries a 99% risk while you as the trader carry a 1% risk (your security deposit) .. if this model would be "fair for traders" as you stating it, you would get 1% not 50% and sure, not 85%

I know entitlement and loss of reality is a common thing in the FX Realm. but at some point Reality comes back to you.
and that is when you start making money with those firms that pay you 90or whatever percentage, as at this point, you become a liability (just like with a broker that trades against you)

Let's be realistic here, a Firm can not survive without an alternative business in the background paying 80 or more percent on profits.

60% of all funded traders fail in the first 2 months.
let's say we have 10 traders with 100k each .. when 60% fail on max drawdown that would be a 60.000 USD Loss for the firm.
the average expectancy for EnFoid is 2.5% (I don't know about other firms sorry) .. the left over 40% = 400k capital * 0.025 = 10000 USD - 8500 payout == 1500
Gross profit for the firm for putting 1M USD on the line with a 100k exposure.
that is a bad trade, risking 100k to make 1500 bucks!

so Net Loss for the firm in this example is 58500 USD in that single month just by serving the "hard-working trader" you are.

you expect fairness and an environment with no conflict of interest, but refuse the face reality that can be explained with 4th-grade math.

so here is some more reality:
A Prop trader on payroll with no Financial risk on the line goes home with about 200k US / per year (average).
Assuming he/she has at the time of the interview:
- proof of extensive experience with trading large sums (on paper and by other risk managers)
- a Verified track record (no not myfxbook!) covering at least 2 Years with a constant Sharpe ratio higher than 2.5
- not making demands regarding the technology the firm uses
- has a proper CV and appears professionally.

about "working hard" well that's your "opinion"
unless you "worked hard" to come up with 100 million USD that makes this whole thing possible in the first place.
in the eye of the firm, you just press buttons and get paid for it!

trading financial markets mean: you use money to make money. pressing a button and watch Netflix till you get stopped out, is not exactly working hard.
the only thing that works hard is the money you do NOT put on the line.

newsflash: it's the firm's money, so the Profits made by you are also the Firm's Profits and not yours!
the Firm does not take 50% of YOUR Profits, because you have not made any profits at all, all you did is pressing buttons.

that's "my humble opinion"
Well Enfoid is somewhat exceptional with the broker choice. With tight spread and commission it's easy to make some money. I tried other prop firms and faced so many issues. But with Enfoid I have never faced any problem what so ever. They are really honest and professional. Last but not the least the deposit you make will earn you interest for the rest of your life which is something you will find nowhere.
I decided to test some prop firms.
I just started using Enfoid. I received my account yesterday and I hope it will work well for me. I talked a lot with Mario before I started because I wanted to be sure that my trading style will be ok. Many firms do not accept hedging and have strict rules about trading near news or using EAs. Enfoid looks ok to me.
I will share my experience on my website, and forums. I hope it will help others to choose a good prop firm.
Free copy trading and FX Prop Firm tests on forex1million
Fantastic forex1mill, let us know how it goes and wish you the very best of luck.
The question is:Why should I choose Enfoid over FTMO?
Right know I see:

Enfoid 1% deposit = 1000,-usd on 100k account
FTMO 650,-usd
Payout: FTMO 70% Enfoid 50%

Trading conditions are give or take same,but 20% different in payout it's pretty big.
Am I missing something?
Whether you think you can, or you think you can't,you're right. H.F.
Quoting Simply-Me
The question is:Why should I choose Enfoid over FTMO? Right know I see: Enfoid 1% deposit = 1000,-usd on 100k account FTMO 650,-usd Payout: FTMO 70% Enfoid 50% Trading conditions are give or take same,but 20% different in payout it's pretty big. Am I missing something?
yes, you are missing something- 10% yearly return on any deposit you make to pay for the challenge, which practically removes the time pressure other similar models have. If you ask me, Mario is a genius and no other prop firm comes near Enfoid. But to each their own.
PVSRA
PVSRA+TLs M5-H1 Forward Test All Time Return: 33.8%
Just to let everyone know that I am still trading with Enfoid. At the same time I started trading with TCF. So far so good. It is probably the best firm out there now. To join with my affiliation sign up using the link below and get 30% discount on this month only.
http://fund.traderscentral.com/sign-up?ref=mdrubelislam

Why Traders Central Fund Corp is the best:
1. It has very low fees compared to FTMO. For USD 100k account it’s about 300$.
2. It has 3 different funding plans.
3. Profit sharing for 2 OTF Challenge is 85%.
4. Registered in Canada and have been in business since 2018.
5. No daily loss limit if you choose 50% positive days rule on your OTF challenge.
6. Profit target is 8%/4% while drawdown is 10%. This one is huge advantage.
7. Leverage 1:200
8. Profit can be withdrawn By-weekly.
9. Instant live funding option is available.
10. All the funded accounts are live accounts.
Please do your research before joining and sign up using my link to get 30% discount.
http://fund.traderscentral.com/sign-up?ref=mdrubelislam
If you sign up using my link, I would be happy to help you anyway I can.
Quoting RubelByrne
Just to let everyone know that I am still trading with Enfoid. At the same time I started trading with TCF. So far so good. It is probably the best firm out there now. To join with my affiliation sign up using the link below and get 30% discount on this month only. http://fund.traderscentral.com/sign-up?ref=mdrubelislam Why Traders Central Fund Corp is the best: 1. It has very low fees compared to FTMO. For USD 100k account it’s about 300$. 2. It has 3 different funding plans. 3. Profit sharing for 2 OTF Challenge is 85%. 4. Registered...
haha TCF is piece of crap. They dont even give live accounts. They will have hidden lot size rule. They will return 110% fees if you pass. Dont compare with FTMO or any other firms.
Hello everyone,
I hope everyone is doing well. I want to let you know that so far 18 traders joined under my affiliation but unfortunately not even a single trader passed the 2 step verification. I am really shocked to see this. I wanna help whoever signed up under my affiliation. I have decided to share my strategy with you traders. Direct message me personally and I will help you with my strategy and I guarantee you that you will be successful if you follow the strategy to the point. Happy trading.
0 traders viewing now