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  • #2,781
  • Aug 4, 2021 3:44am Aug 4, 2021 3:44am
Quoting Expo33
I might have to finally give in and give MFF a try. They put FTMO to shame when it comes to pricing and FTMO knows it. That's why FTMO has their default price in Euros even if the US dollar is checked. You don't get to see the US dollar price until to click into the sign un for a new challenge page. Well played FTMO {image} FTMO's aren't even remotely competitive with MFF {image} Might have to sample the 20K challenge. Paying 136 for potentially 2400 in drawdown compared to paying more than double that with FTMO (296 bucks) for 2500 in drawdown....
Good luck and interested to hear about your experience
I was also considering MFF but they still have not implemented cTrader (MT is no go for me) and they have much less favorable trading rules - such as equity DD, limited hedging, no $ averaging (they consider it martingale), no trade copy from external accounts, no EA unless source code disclosed and approved by them etc. etc.
many of their rules are not even published, you learn about them from other traders on their Discord or when their risk manager contacts you. I don't want to argue with them about every single trade if they don't like my trading style.
FTMO does not care until you violate their rules and I prefer freedom over a small discount. You get the fee back anyways
Money is made by sitting, not trading
  • #2,782
  • Aug 4, 2021 4:19am Aug 4, 2021 4:19am
Quoting GodRa
I found the prop firm with the best rules is https://funded-traders.com/professional-accounts-iii/ To pass, you deposit money into an IC Markets account. All you need to do is trade for 3 - 6 months and: {quote}[/list]
Lol I like how it seems you "just found the prop firm with the best rules" this week, but you started a whole thread one year ago to announce the same discovery.

https://www.forexfactory.com/thread/...-win-prop-firm?

What's in it for you Ra? they promised you revenge against osiris and isis?
  • #2,783
  • Aug 4, 2021 4:56am Aug 4, 2021 4:56am
Quoting Koop
{quote} Lol Serious traders only care about making money. If they can work with the rules of any firm, they will milk it till kingdom come. Do not project your own inabilities and shortcomings on others, many traders have been with some of these firms for over 6 months to a year.
I really don't know who are you talking about. This is my 5th month in FTMO and i passed the challenge in my first attempt. I don't plan to trade with them forever because their business model is unclear and ambiguous, plus the scaling plan is very very bad. Plus, you trade a DEMO and can't make a good track record for go in real prop firms and hedge funds. Why i'm with them so? Because didn't know about other serious prop firms.

Again: Serious Traders will leave.
  • #2,784
  • Aug 4, 2021 5:06am Aug 4, 2021 5:06am
Quoting forexer
{quote} Hi JFX95, Yeah you're right , they are running business in the end but their business is based on probabilities game which is 95% of traders lose in the end . Let's get real here my friends ,it's so lucrative to collect evaluation fees out of 95% losers out there. What i'm talking about is long term collaboration with traders not by setting awkward unfair rules with deadline to get the evaluation done I second you on this JFX95. Thanks

The funny thing is people is hyped about those prop firms just because they invested such a lot of money in advertisement and marketing. So they are totally victims of the market, and they don't know it, and try to protect at all costs their prop firms because they are totally biased and fooled ( https://en.wikipedia.org/wiki/Sunk_cost )

I say to this people: Open your eyes. Don't get fooled by the crowd and the marketing. Remember 95% of the traders are losers. Apply that also to the market of prop firms: where the crowds go, ask yourselves some questions. Real Prop Firms doesn't care about advertisement and marketing, this is why they aren't ""famous"" and known to the crowd, it's a niche. They make money with Traders that trades big accounts, not with the people paying fees for trade demo accounts, so they really don't need to be famous because they already are in their niche.

Funny thing it's also to read " X paid 1.6kk in this month " Just because they uploaded a .jpg file where is written "1.6kk payment this month" . Camon guys.
  • #2,785
  • Aug 4, 2021 5:37am Aug 4, 2021 5:37am
Quoting navk
{quote} my 200k evaluation trial with us30 {image}
nice Glad you found an instrument that works nicely.
  • #2,786
  • Aug 4, 2021 5:58am Aug 4, 2021 5:58am
Quoting JFX95
{quote} I really don't know who are you talking about. This is my 5th month in FTMO and i passed the challenge in my first attempt. I don't plan to trade with them forever because their business model is unclear and ambiguous, plus the scaling plan is very very bad. Plus, you trade a DEMO and can't make a good track record for go in real prop firms and hedge funds. Why i'm with them so? Because didn't know about other serious prop firms. Again: Serious Traders will leave.
No one plans to trade with a prop firm forever, whether its FTMO or the "serious prp firms" you're speaking of, so i don't understand your point.
Secondly, i do not believe you have traded with FTMO for up to 5 months as you claim because amongst all the prevalent pseudo prop firms, FTMO IMO has the least unclear and ambiguous business model or terms, if any.

Again: Serious traders will milk the cow until it dies.
  • #2,787
  • Aug 4, 2021 6:00am Aug 4, 2021 6:00am
Quoting Vitore
{quote} Good luck and interested to hear about your experience I was also considering MFF but they still have not implemented cTrader (MT is no go for me) and they have much less favorable trading rules - such as equity DD, limited hedging, no $ averaging (they consider it martingale), no trade copy from external accounts, no EA unless source code disclosed and approved by them etc. etc. many of their rules are not even published, you learn about them from other traders on their Discord or when their risk manager contacts you. I don't want to argue...
Good points raised here Vitore.

I also don't like heavy lineup of trading restrictions as you have mentioned.

As far as DD limits are concerned I'm ok with them around the 10% total loss and 5% a day loss since if I were running a firm that's about the most I'd want to take on regards risk.

Many traders still ignore or forget to mention the fact that the fee is refunded if successful so a few hundred dollars more to play on one firms challenge compared to anothers should never be the deciding criteria.

However, my interest in an MFF challenge next is based on lower fee, lower profit targets and a steadily building reputation.

I tend not to bother too much with Prop Firm's that are likely to have discretionary rules that can hurt the trader, MFF has a few of these as you are probably aware but unless I find a better option other than FTMO then it will be an MFF challenge next.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,788
  • Aug 4, 2021 6:16am Aug 4, 2021 6:16am
Quoting Masterrmind
{quote} Good points raised here Vitore. I also don't like heavy lineup of trading restrictions as you have mentioned. As far as DD limits are concerned I'm ok with them around the 10% total loss and 5% a day loss since if I were running a firm that's about the most I'd want to take on regards risk. Many traders still ignore or forget to mention the fact that the fee is refunded if successful so a few hundred dollars more to play on one firms challenge compared to anothers should never be the deciding criteria. However, my interest in an MFF challenge...
well, the truth is that as soon as MFF introduces cTrader they possibly become my 2nd best option too
Money is made by sitting, not trading
  • #2,789
  • Aug 4, 2021 7:02am Aug 4, 2021 7:02am
Quoting Takisd
{quote} nice Glad you found an instrument that works nicely.
You found for me.


Intraday only.
  • #2,790
  • Aug 4, 2021 7:03am Aug 4, 2021 7:03am
Quoting Masterrmind
{quote} Yes I will add that Prop Firm to Post 1. Masterrmind .........
Thank you for adding Ultra Capital ! Can you also add another firm its called T4TCapital this is the site , Forex Trader Dashboard | T4TCapital Funding for Traders (t4tcapitalfm.com)
SKQT - Super Kool Quant Trader
Daily Remy All Time Return: 5.6%
  • #2,791
  • Aug 4, 2021 7:03am Aug 4, 2021 7:03am
Quoting Vitore
{quote} well, the truth is that as soon as MFF introduces cTrader they possibly become my 2nd best option too
Agreed.

cTrader is also my preference over both MT4 and MT5.

However, if I plan to show my progress here I tend to use MT4 as it can connect to the TE system.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,792
  • Aug 4, 2021 7:08am Aug 4, 2021 7:08am
Quoting Erpthetrader
{quote} Thank you for adding Ultra Capital ! Can you also add another firm its called T4TCapital this is the site , Forex Trader Dashboard | T4TCapital Funding for Traders (t4tcapitalfm.com)
Check Post 1.

Been there since list was first made.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,793
  • Aug 4, 2021 7:20am Aug 4, 2021 7:20am
I saw in discord that MFF are adding tradingview charts + execution.
  • #2,794
  • Aug 4, 2021 9:02am Aug 4, 2021 9:02am
Quoting JohnnyF60
Hi Yavuz, I have recently joined MFF on the Evaluation option. I have to say your communication here and on the Discord channel is very encouraging. I know it is unprofessional and unethical to talk about other prop firms, but there was an ivestigative documentary on Forex trading shown last night on the BBC in the UK. Some organisations were shown in a very bad light. I hasten to add there was no mention of MFF. My question to you is very simple. If I pass the evaluation stages will I actually be trading on a live account? The accusation that concerned...

"Hi Yavuz,

I have recently joined MFF on the Evaluation option.

I have to say your communication here and on the Discord channel is very encouraging.

I know it is unprofessional and unethical to talk about other prop firms, but there was an ivestigative documentary on Forex trading shown last night on the BBC in the UK. Some organisations were shown in a very bad light. I hasten to add there was no mention of MFF.

My question to you is very simple. If I pass the evaluation stages will I actually be trading on a live account? The accusation that concerned me is that another company doesn't actually have live accounts and makes payments to successful traders from the funds they earn from evaluations! I should like to think MFF is a lot more ethical.

Here is a link to the programme. https://www.bbc.co.uk/iplayer/episod...1/instatraders If you wish to view it outside of the UK you will need to use a VPN.

Kind regards,

Johnny F"


Quoted from the MFF thread.


Did anybody see the show?
  • #2,795
  • Aug 4, 2021 9:05am Aug 4, 2021 9:05am
Quoting Koop
{quote} "Hi Yavuz, I have recently joined MFF on the Evaluation option. I have to say your communication here and on the Discord channel is very encouraging. I know it is unprofessional and unethical to talk about other prop firms, but there was an ivestigative documentary on Forex trading shown last night on the BBC in the UK. Some organisations were shown in a very bad light. I hasten to add there was no mention of MFF. My question to you is very simple. If I pass the evaluation stages will I actually be trading on a live account? The accusation...

I did, it started with the obvious scam IM, then moved to one of FTMO's educators (also looks like a scam) and then went on to FTMO but didn't really fulfil enough evidence to say FTMO is bad, the behavior of FTMO however in booking the interview then cancelling last minute to me feels weird though. It was the perfect opportunity to get huge enormous exposure by answering questions correctly. The guy who did the 'expose' really had no idea what he was talking about though so it was kind of a weak argument other than the IM is an MLM thing.

i saw it on reddit yesterday, was actually surprised bbc decided this was a topic to publish
  • #2,796
  • Aug 4, 2021 9:07am Aug 4, 2021 9:07am
Attached Image (click to enlarge)
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ahahahahaha
  • #2,797
  • Aug 4, 2021 12:18pm Aug 4, 2021 12:18pm
Quoting Takisd
{image}ahahahahaha
and now gold as well
Attached Image (click to enlarge)
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Money is made by sitting, not trading
  • #2,798
  • Aug 4, 2021 12:35pm Aug 4, 2021 12:35pm
Quoting Vitore
{quote} and now gold as well {image}
Man, Jessica is breaking my heart.
I only trade FX but all these disorganized and erratic announcements and changes in conditions are concerning.
  • #2,799
  • Aug 4, 2021 12:55pm Aug 4, 2021 12:55pm
Quoting Vitore
{quote} and now gold as well {image}

Almost everyone i know who makes good profit in prop, trades indicies and gold lol .... I dont know many who make the big returns on anything but them.


In my experience, if you are sending big order flow to someone they won't cut you off, but if you are b booking everything you have to pay per lot and the lots are huge so.... quite the expense there
  • #2,800
  • Aug 4, 2021 5:10pm Aug 4, 2021 5:10pm
FT keeps moving the goalposts pretty much every week. It's almost amusing to see what they'll come up with next. Internet marketers can be creative so I'm sure they'll come up with something impressive.
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