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Anyone trading with a Prop firm 4 replies

prop firm new model - my trading journey 871 replies

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

Attachments: Prop Firm Hub
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Prop Firm Hub

Quoting Koop
{quote} Come on Expo, the man is a Multi-millionaire, he doesn't care about such irrelevancies.
Maybe they just had a sleepover with the other board members
Pride always comes before destruction.... -Proverbs 16:18
Quoting Koop
{quote} Hey Doc, you just haven't looked in the right places. This particular thread wasn't necessarily started in order to share results or profit earnings, rather for the purpose of discussing issues, terms/conditions surrounding these pseudo prop firms based on individual first hand experience or otherwise. For proof of pay outs received by Traders(some of which engage here daily) you should visit the individual or official threads of some of the prop firms discussed here. The FTMO thread has a slew of pay out proofs.. Likewise the 5ers thread....

Thanks for the heads up. I'll take a look. And thanks for the psychological advice, though I can assure you I'm quite calm, lol.

Hope it goes well on your 'challenges' - may the farce be with you....
He was looking for the card so high and wild hed never need to deal another
Quoting dr_who
{quote} Thanks for the heads up. I'll take a look. And thanks for the psychological advice, though I can assure you I'm quite calm, lol. Hope it goes well on your 'challenges' - may the farce be with you....
Haha Nice
Am also busy with Funding Talent challenge. Can only say good things about FT. The spreads on their own server are excellent and the Account Metrics is acceptable. Their customer service is also exceptional
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https://thefundedtraderprogram.com/pricing/



I don't trust this guy just yet but

the 5 extra days, the 600k allocation per trader , the 6% daily dd, the 12% max loss, the 1:200 leverage,

might push the other top 2-3 established firms to follow.
Quoting Mtinifx
Am also busy with Funding Talent challenge. Can only say good things about FT. The spreads on their oe firms you are wn server are excellent and the Account Metrics is acceptable. Their customer service is also exceptional
which are the firms you doing challenge or funded accounts?

And your rating on those ?
Intraday only.
Quoting Phenotype
https://www.youtube.com/watch?v=BotAHX6CQ90 https://thefundedtraderprogram.com/pricing/ I don't trust this guy just yet but the 5 extra days, the 600k allocation per trader , the 6% daily dd, the 12% max loss, the 1:200 leverage, might push the other top 2-3 established firms to follow.
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Holy shit, wtf is this clown show? Kings of funding?

Was this the plan all along? is this how low the bar has been set?

Btw Pheno, no it's not gonna push the already established ones to do shit.
Quoting Koop
{quote} {image} {image} Holy shit, wtf is this clown show? Kings of funding? Was this the plan all along? is this how low the bar has been set? Btw Pheno, no it's not gonna push the already established ones to do shit.

Why not? What is your thought process ?

You don't believe in supply and demand(hehe), free market, market share etc ?
Quoting Phenotype
https://www.youtube.com/watch?v=BotAHX6CQ90 https://thefundedtraderprogram.com/pricing/ I don't trust this guy just yet but the 5 extra days, the 600k allocation per trader , the 6% daily dd, the 12% max loss, the 1:200 leverage, might push the other top 2-3 established firms to follow.
have to re-think some approach, obviously, the ref links to other props must pay so good now the guy can dish out 600k funded accts to the lucky gamblers?
or not.
meanwhile some will be sold.
the same way ppl typically know what a ponzi is, but still join, in hope this time they beat it by withdraw before it folds.
my all time favorite:

Inserted Video
there is always, always another trade!!
Quoting navk
{quote} which are the firms you doing challenge or funded accounts? And your rating on those ?

I'm only doing FT challenge!

Well just on Challenge accounts, taking everything into account I would rate:

Funding Talent as Number 1 (because no minimum days to complete challenge and also bi-weekly payout when on funded stage)

Myforexfunds as Number 2

FTMO as Number 3

The PropTrading as Number 4

(forget the rest IMHO!)

FTMO need to up their profit split, lower the challenge profit target and offer bi-weekly payout then they will be on par with the others
Hi guys, just a quick question if someone wants to answer

I see many companies offer challenge plans and you can trade multiple accounts to reach the max allocation available

For what I have understood if you want to do that and trade the max capital available you have to complete more than 1 challenge but trading multiple challenge account at the same time means by their rule that you can't have the same strategy on those account, am I correct? I cannot open the same trade even manually in my (2-3-4...) accounts.

To have only 1 strategy I have to pass all the accounts once at the time and merge them eventually. Is that right?

Thanks
The 5ers Summer Plan is already out of stock…before even the summer starts
Don't give up on your dreams. Keep sleeping.
  • Post #1,653
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  • Edited Jun 20, 2021 5:06am Jun 19, 2021 8:06pm | Edited Jun 20, 2021 5:06am
Quoting Mtinifx
{quote} I'm only doing FT challenge! Well just on Challenge accounts, taking everything into account I would rate: Funding Talent as Number 1 (because no minimum days to complete challenge and also bi-weekly payout when on funded stage) Myforexfunds as Number 2 FTMO as Number 3 The PropTrading as Number 4 (forget the rest IMHO!) FTMO need to up their profit split, lower the challenge profit target and offer bi-weekly payout then they will be on par with the others
Thanks,

I can understand why you chose the top 3.

No. 1 target profit 8 % & 4 %, + 80/20 profit share. Fee paid will be returned on successful completion of 2 weeks as funded trader. + Withdrawals every 2 weeks.

No. 2 target profit 8 % & 5 % + 75/25 and 80/20 and 85/15 profit share + Bonus 2 % on evaluation ph. 1 + Bonus 4% on eval phase 2 + 12 % bonus on fee paid will be returned along with fee paid. Bonusses and fee paid will be returned on successful completion of first month as funded trader. Therefater 1 st month, withdrawals every 2 weeks. + Ovearll equity stop out is set at 88 %. ( For Funding talent and FTMO, It is 90 % )

No. 3 target profit 10 % & 5 %. + 70/30 profit share. Fee paid will be returned on successful completion of first month as funded trader. Withdrawals every month

Rest of rules are almost same for no. 1 and 2. FTMO no news trading, no week end open trades. No. 1 exception as there is no minimum 10 day trading period.

There is one important aspect in favour of FTMO is huge payout history, which I did not see yet in no. 1 and no2.

Your opinion or anyone else can input their views.
Intraday only.
Both no.1 & no.2 are Canadian Registered companies, so, I can go and see them if they are legits.

That is my advantage though.
Intraday only.
with funding talent, it is fast process.

In roughly, 4 to 5 weeks one can be eligible for first payout if he/she manages to pass evaluation process in 2 weeks.

In the rest, it is 8 weeks process.
Intraday only.
Quoting ladder
{quote} The 4% relative drawdown rule will deter potential traders. If they fear that some traders may trade aggressively after getting professional account, they could introduce 7%(or 6%) relative drawdown + 4% fixed drawdown. As each stage requires 10% profit, I think 7% relative drawdown is reasonable.
I spoke to support. They bump you down two levels if lose more than 4%, fyi.
Im having all sorts of problems with MFF setting up an Accelerated account.
I paid for it on Wednesday, got the contract signed and sent back, Still havent received my account number and password.
MFF keep saying they have sent the email and to check my junk folder, there is nothing in my junk box. I see on discord i am not the only one with the same complaint but the same questions keep coming, check your spam/junk.
Its really frustrating that they dont seem to think they have an issue and it is everyone else who cant find an email!

Sorry for the rant, but very frustrating.

geoff
I am waiting to have my credentials for phase 2 eval since Thursday.
Today morning MFF evaluation team sent email to say that my credentials will be sent before market open on Monday.
I agree they are slow in account provisioning.
Intraday only.
Quoting geoffrod
Im having all sorts of problems with MFF setting up an Accelerated account. I paid for it on Wednesday, got the contract signed and sent back, Still havent received my account number and password. MFF keep saying they have sent the email and to check my junk folder, there is nothing in my junk box. I see on discord i am not the only one with the same complaint but the same questions keep coming, check your spam/junk. Its really frustrating that they dont seem to think they have an issue and it is everyone else who cant find an email! Sorry for the...
might be some early telltale sign that they are packing for holidays
Quoting mixedbags
{quote} might be some early telltale sign that they are packing for holidays
I hope not,
but it is concerning.
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