Disliked{quote} succes rate isnt good. I'd bet that its below 2% so you pay like a ponzi.Ignored
I feel all prop firms do that.
How they generate cash ?
From failed traders, with collected $$$, they pay successful traders.
Intraday only.
1
prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} succes rate isnt good. I'd bet that its below 2% so you pay like a ponzi.Ignored
Disliked{quote} I understand what you mean by ponzi. I feel all prop firms do that. How they generate cash ? From failed traders, with collected $$$, they pay successful traders.Ignored
Disliked{quote} I am 99% confident that FTMO, MFF and the 5%ers also generate profits from copy trading as well. Matter of fact, if you hop on MFF discord channel, I actually have no doubt they are profiting from actual trades. Of course, fees from failed challenges are a revenue stream as well. You simply want to partner with the firms WHOSE SOLE REVENUE STREAM is not failed challenges.Ignored
DislikedHi there, just created my account on FF because of this excellent thread. I need some advice from connoisseurs ! I'm only trading Dax30 and Nasdaq100 and after some digging I realised there are only 5 legit and non scam prop firm that allows indices trading : Luxtrading, Enfoid Topstep, CTI and FTMO. Would any of you have some kind of preference or warning on these 5 ? Thanks !Ignored
DislikedHi there, just created my account on FF because of this excellent thread. I need some advice from connoisseurs ! I'm only trading Dax30 and Nasdaq100 and after some digging I realised there are only 5 legit and non scam prop firm that allows indices trading : Luxtrading, Enfoid Topstep, CTI and FTMO. Would any of you have some kind of preference or warning on these 5 ? Thanks !Ignored
Disliked{quote} Cool list, there is only one of them that I would touch and thats FTMO....the rest leave much to be desired at the very least. Also the guy who said that 5% is too little drawdown, pick another occupation... 5% in a day is a lot of damn risk.Ignored
Disliked{quote} I dont know enough about 5ers to comment, the model was so unattractive to me that I didnt even explore it. FTMO for sure have some element on dealing in the background so some trades are for sure executed. How many? Who knows. MFF has highlighted they are doing that as well. FT have highlighted that they do not send orders to market, Jessica had a breakdown on instagram explaining that, then she backtracked even though she disclosed in court that she was not executing trades and was operating a pay to play platform. Next she decided to...Ignored
Disliked{quote} On the 5%ers...I despise their standard model as well, but confident they are legit and place orders in market. Matter of fact, I'm confident any firm where fee is greater than DD is placing orders in the market. They have no risk, they have you fund your own account and then take 30-50%. However, I am doing the summer plan eval to run alongside my FTMO and very soon to be funded MFF account. It may take awhile to pass 3 challenges, but in the end , $300 for $4K DD is a pretty good deal.Ignored
Disliked{quote} What takisd is saying is the feed isn't real. The conditions are too good for it to be real. That company is a fraud. To each their own, but between what Jessica (CEO) pulled a couple of months ago and what takisd (with his knowledge of brokers and LPs) is saying, I will be taking a hard pass on this one. FTMO, MFF and 5%ers summer plan for me. Should be plenty.Ignored
Disliked{quote} I am 99% confident that FTMO, MFF and the 5%ers also generate profits from copy trading as well. Matter of fact, if you hop on MFF discord channel, I actually have no doubt they are profiting from actual trades. Of course, fees from failed challenges are a revenue stream as well. You simply want to partner with the firms WHOSE SOLE REVENUE STREAM is not failed challenges.Ignored
DislikedAnyone been looking at BuoyTrade? They've moved away from FTMO and say that they're now the only prop firm that is actually an A-Book - https://www.buoytrade.com/ Seems pretty interestingIgnored
DislikedAnyone been looking at BuoyTrade? They've moved away from FTMO and say that they're now the only prop firm that is actually an A-Book - https://www.buoytrade.com/ Seems pretty interestingIgnored
Disliked{quote} Looks very interesting and somewhat legitimate. I like that they'll be offering bi-weekly payments too. Takisd, is it possible to fake the information they claim they will be providing to prove that orders actually go to the real market? I.e "This will be proven by a Trade Receipt, so you would know which Bank, Darkpool, Exchange, Fund House etc. are taking on your trades" Can't find where they implied that they've severed ties with FTMO but it seems that's the case as their standard model nowoffers 1;20 lev for forex pairs which was previously...Ignored