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  • #3,741
  • Sep 12, 2021 12:49pm Sep 12, 2021 12:49pm
Quoting mcquak
{quote} Good luck expo with the dt4x trading. Would you mind to share the broker name you chosen and eventually the reason for the decision? I do know only FXCM (everybody knows them I believe due the ban they got in US) and IC Markets.Do not know others. Anyone can compare the pros and cons of the brokers?
I chose Fxchoice just because I've had a live account with them for about 5 years now and have had no issues.

Although I can't seem to create an investor password with Fxchoice. Really frustrating.
Pride always comes before destruction.... -Proverbs 16:18
  • #3,742
  • Sep 12, 2021 1:11pm Sep 12, 2021 1:11pm
Still waiting for mastermind to recover his lost account.
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Allergic to bullshitters, never argue with fools
  • #3,743
  • Sep 12, 2021 1:35pm Sep 12, 2021 1:35pm
Quoting pipmaster77
{quote} I'm guessing the "catch" is you won't get paid. This is the same company Koop discovered and showed me end of last year. At that time, they had copied the FTMO model and pretty much their website as well. Must have not been successful, as I do not even see that offering any longer and the original website is "under maintenance". I'd stay laser focused on exactly what you're doing garfield75, based on your post the other day, secure that 500K and don't get derailed.
Lol exactly, that's the one.
I can't understand how they scrapped their whole challenge model and rebranded as a direct funding firm.
What happened to the challenge Traders that passed and earned funded accounts?(if any) Abandoned? Assassinated?

Be fun to see if they pay Expo though. It appears he loves to live on the edge lol.

If it turns out they can pay anyone for up to 3 months, Would also be the best option for any one else interested in the direct funding scheme.
  • #3,744
  • Edited 2:09pm Sep 12, 2021 1:42pm | Edited 2:09pm
Quoting Koop
{quote} Lol exactly, that's the one. I can't understand how they scrapped their whole challenge model and rebranded as a direct funding firm. What happened to the challenge Traders that passed and earned funded accounts?(if any) Abandoned? Assassinated? Be fun to see if they pay Expo though. It appears he loves to live on the edge lol. If it turns out they can pay anyone for up to 3 months, Would also be the best option for any one else interested in the direct funding scheme.
Are you guys talking about DT4X? Have they been already in the business under a different brand?

Ah ok, found it Prop Firm Hub | Page 11 | Forex Factory
  • #3,745
  • Sep 12, 2021 2:53pm Sep 12, 2021 2:53pm
its good to see that this forum has moved on from Jessica.

She will forever be inside expos heart though.

Her latest announcement pretty much confirms they have had a run in with the regulator. It was on instagram if you care.

"JUST TO CLARIFY GUYS ITS A DEMO ACCOUNT FOR EDUCATION PURPOSES OK" yep... But what about all those words you said about copying peoples trades?

Liar liar moo moos on fire.

Dt4x dont waste your time guys... not even worth a gamble. I also think I'm done gambling on some of prop firms. Its pretty much confirmed that there are only 2 maybe 3 firms worth a damn and they will end up being the ones left standing a few years from now.
  • #3,746
  • Sep 12, 2021 2:54pm Sep 12, 2021 2:54pm
Jessica is not disussed here any more?

What a shame
Allergic to bullshitters, never argue with fools
  • #3,747
  • Sep 12, 2021 3:31pm Sep 12, 2021 3:31pm
Quoting Takisd
its good to see that this forum has moved on from Jessica. She will forever be inside expos heart though. Her latest announcement pretty much confirms they have had a run in with the regulator. It was on instagram if you care. "JUST TO CLARIFY GUYS ITS A DEMO ACCOUNT FOR EDUCATION PURPOSES OK" yep... But what about all those words you said about copying peoples trades? Liar liar moo moos on fire. Dt4x dont waste your time guys... not even worth a gamble. I also think I'm done gambling on some of prop firms. Its pretty much confirmed that there are...
Agree 100%. MFF, FTMO and the 5%ers. Just to confirm though, I only like the 5%ers summer plan, their traditional "scaling" model is a no go for me.
Now back to football.
  • #3,748
  • Sep 12, 2021 4:06pm Sep 12, 2021 4:06pm
I never even knew these type of prop firms existed, until a family started trading for the first time around beginning of 2020 (covid times) ftmo was mentioned.

Always wondered if a trading prodigy came along, if these firm would be able to payout. Trader making $100k a day. The way I am reading these firms (I could be totally wrong) earn good chunk of money on failed challenges. The traders that are making money the firms copy their trades.

Trader raking in 100k a day, would be pushing heavy lots on demo - Not sure if the firms will copy his/her trades going heavy on live markets.

So how does a trader at that level get paid, trading with ftmo, mff etc..

Just curious folks, Thank You!!
  • #3,749
  • Sep 12, 2021 4:23pm Sep 12, 2021 4:23pm
Quoting JustAVisit
I never even knew these type of prop firms existed, until a family started trading for the first time around beginning of 2020 (covid times) ftmo was mentioned. Always wondered if a trading prodigy came along, if these firm would be able to payout. Trader making $100k a day. The way I am reading these firms (I could be totally wrong) earn good chunk of money on failed challenges. The traders that are making money the firms copy their trades. Trader raking in 100k a day, would be pushing heavy lots on demo - Not sure if the firms will copy his/her...
no one you know or I know is making 100k per day trading in FX prop.

Actually, I'd be highly suspect if a prop firm went around claiming a trader made 100k every month considering their offerings.
  • #3,750
  • Sep 12, 2021 4:34pm Sep 12, 2021 4:34pm
Quoting Takisd
{quote} no one you know or I know is making 100k per day trading in FX prop. Actually, I'd be highly suspect if a prop firm went around claiming a trader made 100k every month considering their offerings.
I hear ya bud, 100k a day is like where did you come from can we be best friends?

What do mean by highly suspect, A good fully fund trader with say $600k funding should be able to make that much very month, No?
  • #3,751
  • Sep 12, 2021 4:41pm Sep 12, 2021 4:41pm
Quoting JustAVisit
{quote} I hear ya bud, 100k a day is like where did you come from can we be best friends? What do mean by highly suspect, A good fully fund trader with say $600k funding should be able to make that much very month, No?

Considering some of the best traders in the world make less than 50% a year no.

Could you do it for a few months, maybe.... not likely but maybe.

Having spoken with some prop firms in details, 99% of the traders don't last 3 months. So... use that to determine the probability of someone raking 100k/day or even 100k/month consistently.
  • #3,752
  • Sep 12, 2021 4:51pm Sep 12, 2021 4:51pm
Quoting JustAVisit
{quote} I hear ya bud, 100k a day is like where did you come from can we be best friends? What do mean by highly suspect, A good fully fund trader with say $600k funding should be able to make that much very month, No?
Uh, no.... that would be 17% per month. Have you traded before or no?
  • #3,753
  • Sep 12, 2021 5:14pm Sep 12, 2021 5:14pm
Quoting JustAVisit
{quote} I hear ya bud, 100k a day is like where did you come from can we be best friends? What do mean by highly suspect, A good fully fund trader with say $600k funding should be able to make that much very month, No?
The people who last in this business make 1-4% per month.
  • #3,754
  • Sep 12, 2021 5:35pm Sep 12, 2021 5:35pm
Quoting Takisd
{quote} Considering some of the best traders in the world make less than 50% a year no. Could you do it for a few months, maybe.... not likely but maybe. Having spoken with some prop firms in details, 99% of the traders don't last 3 months. So... use that to determine the probability of someone raking 100k/day or even 100k/month consistently.

Thanks for sharing, 99% last 3 months. Do you think its psychological sabotage or inexperience?

Generally a trader with say 10 years experience and solid plan, shouldn't be destroying a prop account in 3 months. So it is all new folks passing challenges and trying their luck?
  • #3,755
  • Sep 12, 2021 5:53pm Sep 12, 2021 5:53pm
Quoting Takisd
its good to see that this forum has moved on from Jessica. She will forever be inside expos heart though. Her latest announcement pretty much confirms they have had a run in with the regulator. It was on instagram if you care. "JUST TO CLARIFY GUYS ITS A DEMO ACCOUNT FOR EDUCATION PURPOSES OK" yep... But what about all those words you said about copying peoples trades? Liar liar moo moos on fire. Dt4x dont waste your time guys... not even worth a gamble. I also think I'm done gambling on some of prop firms. Its pretty much confirmed that there are...
The Rolling Stones wrote that song "Angie". I'll be writing one called "Jessica". "Jessica, beautiful, where will your juicy jumblies lead us from here............"

Yea DT4X seems pretty shady. Guess I can kiss my $395 goodbye. Haven't tried to execute a trade yet. No response from chat. Asked them about my trendline EA earlier this morning.
Pride always comes before destruction.... -Proverbs 16:18
  • #3,756
  • Sep 12, 2021 6:14pm Sep 12, 2021 6:14pm
Quoting JustAVisit
{quote} Thanks for sharing, 99% last 3 months. Do you think its psychological sabotage or inexperience? Generally a trader with say 10 years experience and solid plan, shouldn't be destroying a prop account in 3 months. So it is all new folks passing challenges and trying their luck?
99% on what size account. Obviously, you're risking at least 10-15% per trade Yes, psychology plays a part. Easy to make 99% on an account under $1000. You can risk like crazy as you only have $1,000 in play. Try to do that on 100K+ account, completely different mindset.
  • #3,757
  • Sep 12, 2021 6:27pm Sep 12, 2021 6:27pm
A famous person once said that many people have opportunity but choose to be poor. You can assume this of most retail traders who try to make it big. They are consumers, they consume social media like no tomorrow. I know many good traders from my brokerage days who make a lot of money, but they sure as hell do not buy lambos, throw cash at strippers etc. They conserve it because they know that the next paycheck isnt so sure.

The psychological element of someone with no money have access to lots is generally a guarantee that most traders will lose the money at some point.

If the trader gets out more than they pay, its good as the flow will exist forever (providing the company itself mitigates the loss risk) and the industry will last equally as long.

This market is interesting, its very nichey and theres a lot of opportunity but so far if you sit in the communities its attracting its mostly 20-25 yr old people from poor countries talking about how they are going to buy the next aventador with their profits.
  • #3,758
  • Sep 12, 2021 6:41pm Sep 12, 2021 6:41pm
Quoting Expo33
{quote} The Rolling Stones wrote that song "Angie". I'll be writing one called "Jessica". "Jessica, beautiful, where will your juicy jumblies lead us from here............" Yea DT4X seems pretty shady. Guess I can kiss my $395 goodbye. Haven't tried to execute a trade yet. No response from chat. Asked them about my trendline EA earlier this morning.
Let's not lose hope, maybe it's just a weekend break and the account will be working in the morning... BTW, this thread is brilliant, it helps us to eliminate scammers and helps to choose the proper prop company.
It's tough to make predictions, especially about the future...
  • #3,759
  • Sep 12, 2021 6:49pm Sep 12, 2021 6:49pm
Quoting degorbi
{quote} Let's not lose hope, maybe it's just a weekend break and the account will be working in the morning... BTW, this thread is brilliant, it helps us to eliminate scammers and helps to choose the proper prop company.
My account is working fine.

I didn't realize I was going to the old site (the one that says under maintenance).

I just sent a message on Telegram. I've never used telegram or discord until today. The thought of chatting with a bunch of degenerates makes my skin crawl. It's bad enough reading the forum threads
Pride always comes before destruction.... -Proverbs 16:18
  • #3,760
  • Sep 12, 2021 6:51pm Sep 12, 2021 6:51pm
Quoting pipmaster77
{quote} 99% on what size account. Obviously, you're risking at least 10-15% per trade Yes, psychology plays a part. Easy to make 99% on an account under $1000. You can risk like crazy as you only have $1,000 in play. Try to do that on 100K+ account, completely different mindset.
He was referencing that 99% of the prop traders blow out in 3 months or less, not a 99% gain on accounts in 3 months.
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