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Anyone trading with a Prop firm 1 reply

prop firm new model - my trading journey 869 replies

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

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Quoting Cryptosurf
{quote} Funny how he responded to a (obvious setup) question posted by someone who joined just hours ago today.
Not to mention a question that's been debated/answered daily for several months. But then again who has time to do the basic research and actually read through the thread. Smh
"Pride always comes before destruction...." -Proverbs 16:18
Quoting QAndy
{quote} Hello, on FT you are trading on Demo accounts only, so you have no slippage at all, even you do a trade on 10, 30 or 100 lots. The first 10% gain you get 90% profit split. They had some payout issues regarding their new server when they introduced it in July until mid of August. But that problems should be gone or solved now. on MFF you have slippage they tell me. According to Cryptosurf it should be similar to any live account. So if you trade 10 lots you can get 1 pip slippage, and if you try to do 30 lots or even 100 lots at a time you...
FT is NOT number 1, nor will they ever be. They will probably be out of business shortly. Takisd already demonstrated their fake feed and execution by making like 10 million dollars in 2 days. Then, and this is a big one, THEY HAVE DENIED MULTIPLE TRADERS THEIR EARNED MONEY!!!! They also change the rules midstream. None of these issues exist at MFF or FTMO. However, if you wish to keep believing FT is #1, keep dreaming, but please don't recommend them to newbies who may not know any better.
Quoting pipmaster77
{quote} FT is NOT number 1, nor will they ever be. They will probably be out of business shortly. Takisd already demonstrated their fake feed and execution by making like 10 million dollars in 2 days. Then, and this is a big one, THEY HAVE DENIED MULTIPLE TRADERS THEIR EARNED MONEY!!!! They also change the rules midstream. None of these issues exist at MFF or FTMO. However, if you wish to keep believing FT is #1, keep dreaming, but please don't recommend them to newbies who may not know any better.
Sorry, but I have a totally different opinion regarding FT. As I said they had server issues and had to fix that. Those led to some payout issues too. But it has been said FTMO had also issues when they introduced their own server. Second do you really believe that FTMO can outsmart profitable traders when they try to copy trades on their own live accounts ? There is no such thing than copying only winning trades by looking at statistics or the equity curve of profitable traders. When I look at the videos on youtube of the most successful traders on FTMO, most do have pattern related strategies like SMC BS e.g., all that is just a crap. It will not work for more than a few months because there is no consistent edge here. I have it backtested and forward tested all. I know what I am speaking about. Most do fail in the end, so you do not need to copy any trades at all. It just reduces some volatility on payout when you do some hedges with copying trades. But I see no reason to do this. Because even there are some very few exceptionable profitable traders who can pass the evaluation every month, then they have a Sharpe 3 to Sharpe 4 strategy. But they still are not doing $200k+ payouts regularly. Therefore you would need much higher sharpe strategies. You can do your own math/simulations here. I would say FTMO cannot offer more than 70% profit split BECAUSE they are trying to copy profitable traders. And FT can offer higher profit splits because they do not try to outsmart others. There is no edge in copying trades in the end, it can only reduce some higher payouts for a certain time, thats it. In the sum it should be negative to outsmart others. Otherwise FTMO could just trade for their own account and do not need to offer what they offer. That is the point here. I say FT is #1, and they will stay #1 when the server issues have been solved now and they do payouts without any refusing.

Happy trading.
Quoting QAndy
{quote} There is no such thing than copying only winning trades by looking at statistics or the equity curve of profitable traders..
You're correct about that. FTMO or any other firm has never made that claim either. You pulled that out of arse, along with the rest of that nonsense you just stated.
Trade with confidence, trade without fear.
Quote
I have it backtested and forward tested all. I know what I am speaking about

Lol people who say such things crack me up.

You say FTMO can not sustain payouts because they choose to copy trades to their live accounts, but you believe that FT can survive and sustain their business on only failed challenge fees in the long run?

What kind of weird thinking is this? A ponzi scheme is destined to fail from the inception... there are no two ways about it. The only question is when. This is common sense.

I have a 25k FT account and even i am not currently confident in the future of the business.
Mail updates almost never come in, their customer service is trash, spreads are now stupid, no more bi-weekly payouts, weird rules all over the place.....CEO acts like a rebellious teenager.
What exactly do they have over FTMO or MFF now?
no minimum days? 90% profit splits? those are unrealistic hail marys.....
and just like the biweekly payouts, they'll scrap it off faster than they introduced it.

How exactly can any one in their right minds think FT is best?


I mean, Jessica i love you but get your minion the fuck outta here.
Quoting QAndy
{quote} Sorry, but I have a totally different opinion regarding FT. As I said they had server issues and had to fix that. Those led to some payout issues too. But it has been said FTMO had also issues when they introduced their own server. Second do you really believe that FTMO can outsmart profitable traders when they try to copy trades on their own live accounts ? There is no such thing than copying only winning trades by looking at statistics or the equity curve of profitable traders. When I look at the videos on youtube of the most successful...
Well I'm sure they will drop out of your #1 ranking when they are out of business in 6-12 months. What about the traders (myself included) who grind out 3-4% monthly, without ever going more than 2% total DD? Are we worth copying? Are you just stating that because most traders take on too much risk, overtrade, etc....just let them go, don't copy anything , pay them for a short time with failed challenges until they either lose or have to start over? What happens to the company when the new customer flow slows and they can't cover the profitable traders that remain? Is that a viable business model?
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Apparently number 1

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Actual number 1.

Apparently the "apparently number 1" pays out per week what the actual number 1 pays out per month. Who is honest and who is not?
FT is nothing but a lying shitbag. Always has been, always will be. The overweight tiger will not change her stripes.

She doesnt know ANYTHING about price feeds, liquidity, institutional trading. If she is hedging with a 90% payout and using a trade copier, she is likely making almost nothing on the traders who are profitable due to the fact shes a dumbass and uses a trade copier. Add to that the million other red flags and you are still here farting out nonsense about them being number 1. They aren't, they won't be, they never will be. There was a chance they could have been, but when you wet the bed you can't hide the sheets.
Quoting Cryptosurf
{quote} You pulled that out of arse, along with the rest of that nonsense you just stated.
No, FTMO said that they have a 'proprietary model' to copy trades from profitable traders. So they try to be smarter than those profitable traders. I criticize that. There must be a reason that they do not copy 1:1 all traders after any passed evaluations. As I said in my previous post. FT does not make such claims, and that is prudent in my eyes. It will led to higher profits in the end, maybe at the cost of higher volatility due to some higher payouts for a short period of time for FT. At FTMO they want to reduce that volatility with a hedge but that cost money. So the conclusion is that FTMO is less profitable than FT because of that. I do not say that FTMO cannot stay in business or have no solid business model. I only say that FT can make more profits than FTMO but with some higher volatility. But the higher volatility is not the customers problem. Because from the customer side a higher profitable business for FT mean that they can offer better conditions for customers than FTMO could do.
Quoting QAndy
{quote} No, FTMO said that they have a 'proprietary model' to copy trades from profitable traders. So they try to be smarter than those profitable traders. I criticize that. There must be a reason that they do not copy 1:1 all traders after any passed evaluations. As I said in my previous post. FT does not make such claims, and that is prudent in my eyes. It will led to higher profits in the end, maybe at the cost of higher volatility due to some higher payouts for a short period of time for FT. At FTMO they want to reduce that volatility with a...
Does it matter really? Can you pull out £1 profit out of them?
Let it go...
Quoting Rmg
{quote} Does it matter really? Can you pull out £1 profit out of them?
Her mission here is pimp FT no matter how absurd and ridiculous he appears. Everything he says is detached from reality.
Trade with confidence, trade without fear.
Quoting QAndy
{quote} No, FTMO said that they have a 'proprietary model' to copy trades from profitable traders. So they try to be smarter than those profitable traders. I criticize that. There must be a reason that they do not copy 1:1 all traders after any passed evaluations. As I said in my previous post. FT does not make such claims, and that is prudent in my eyes. It will led to higher profits in the end, maybe at the cost of higher volatility due to some higher payouts for a short period of time for FT. At FTMO they want to reduce that volatility with a...
According to your absurd reasoning FT is more profitable than FTMO, therefore FT is refusing to pay people but somehow the less profitable FTMO doesn't have that issue.
Quoting QAndy
{quote} No, FTMO said that they have a 'proprietary model' to copy trades from profitable traders. So they try to be smarter than those profitable traders. I criticize that. There must be a reason that they do not copy 1:1 all traders after any passed evaluations. As I said in my previous post. FT does not make such claims, and that is prudent in my eyes. It will led to higher profits in the end, maybe at the cost of higher volatility due to some higher payouts for a short period of time for FT. At FTMO they want to reduce that volatility with a...
So, if FTMO is LESS profitable than FT, why have they not missed a single payout, whereas FT cannot seem to pay all of their profitable traders. Why are they changing the rules midstream? Why is it, now that they do not have a fake feed, their spreads are far worse than FTMO or MFF? You cannot seriously look at all of the facts in front of you and claim FT is #1. You either have an agenda with FT or perhaps FTMO (Paul?) or you are simply oblivious to the facts in front of you. Either way, not going to spend time arguing, I've done too much already. I trade and get paid by MFF and FTMO and am very happy, would not touch FT regardless of what they offer. Just curious, do even trade with them or are you just here to promote them?
Quoting garfield75
MFF is planning for some promotional offer for Labor Day. Quote from discord channel - "We will be doing something special for Labor Day Monday, so if you were thinking to purchase an evaluation, perhaps hold off until Monday "
Might be a good time to stock up with a few more challenges.

Masterrmind ..........
Master your Mind then Master your Trades
Quoting QAndy
{quote} No, FTMO said that they have a 'proprietary model' to copy trades from profitable traders. So they try to be smarter than those profitable traders. I criticize that. There must be a reason that they do not copy 1:1 all traders after any passed evaluations. As I said in my previous post. FT does not make such claims, and that is prudent in my eyes. It will led to higher profits in the end, maybe at the cost of higher volatility due to some higher payouts for a short period of time for FT. At FTMO they want to reduce that volatility with a...
Do yourself a favor and leave. This post alone shows you know about as much as jessica about how the markets work, how institutions work, how liquidity and execution works.

Go away... logout of forexfactory, close your PC.
Hi, folks. Sorry for the interruption, but is anyone here with dt4x? Care to share your experience?

A related question: Which of these brokers would be your top pick: FXCM, IC Markets, Hugo, RoboFx, Tickmill, FXChoice, FXOpen?

See how I value your recos more than I do Forex Peace Army?
I dance with chance.
Quoting doji
Hi, folks. Sorry for the interruption, but is anyone here with dt4x? Care to share your experience? A related question: Which of these brokers would be your top pick: FXCM, IC Markets, Hugo, RoboFx, Tickmill, FXChoice, FXOpen? See how I value your recos more than I do Forex Peace Army?
Don't go near DT4X and Tickmill would be my answers.
Latest email from the company with the #1 rated prop firm CEO Jessica "Gained-Weighty."

Hello Funding Talent Members!

We hope you’ve had a successful week of trading and are pleased to bring you this week’s updates.

Live Chat!
Live Chat on our website is now back in full effect from 9 a.m. - 5 p.m. EST every day, including weekends. In the coming weeks, Live Chat will be available 24/7 for the convenience of our members.

Funding Talent Blitz
As the Funding Talent Team works harder than ever to bring world-class service and trading conditions to our members, we are also working tirelessly on the upcoming release of Funding Talent Blitz.

Next week will be the last chance to enter to win one of 100 exclusive opportunities to try the program for free in our early and limited release. Winners will be announced the week of September 13, with additional details to follow soon after.

If you’re interested in being among the first to try Funding Talent Blitz, use the hashtag #FundingTalentBlitz on your preferred social channels and tell us why you trade and why you’d like to try out our new program.
"Pride always comes before destruction...." -Proverbs 16:18
Quoting Expo33
Latest email from the company with the #1 rated prop firm CEO Jessica "Gained-Weighty." Hello Funding Talent Members! We hope you’ve had a successful week of trading and are pleased to bring you this week’s updates. Live Chat! Live Chat on our website is now back in full effect from 9 a.m. - 5 p.m. EST every day, including weekends. In the coming weeks, Live Chat will be available 24/7 for the convenience of our members. Funding Talent Blitz As the Funding Talent Team works harder than ever to bring world-class service and trading conditions...
I wouldn't waste my time with this 'firm'.

Under current conditions my advise to traders would be to definitely steer clear.

Masterrmind .........
Master your Mind then Master your Trades
Quoting Masterrmind
{quote} I wouldn't waste my time with this 'firm'. Under current conditions my advise to traders would be to definitely steer clear. Masterrmind .........
You can add your name to the SUED list sir... It is wrong for you to say anything bad about this firm with threat of legal action coming as well as internet blacklisting and permanent banning of your credit card from amazon prime.

If you do not remove this post you will be forced to look at jessicas bare ass with your lips puckered from this day forward.

But dont be shy, if you remove this post and send a lifetime surprise of cheesecake to the FT offices, we will forgive you.
Quoting Koop
{quote} That's the thing, they've been around since early last year but you can barely find a single proof of payouts. They're established enough to be responsible for " providing liquidity" to about 4 other prop firms, but for some reason I can't find anyone who trades with them, not even on Jscave's group. The risk review thing is a serious bummer too.
I was looking a Trust Pilot and seem to be a fair number of reviews saying they got their payouts. Question is, are they real or fake?
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