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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 Mtinifx
{quote} for a free trial? Because I contacted the support and got this reply: We know about this issue. We got a high traffic because of Free Trials, we disabled them for furhter notice, as we need to support our Challenge traders first. Our IT team is already working on automatic creation of free trials/challenge accounts. If they are ready, we will reactive free trials. Please monitor us closely Kind regards Veronika Horváth What a ridiculous excuse!! Oh boy, skeptical about this outfit is an understatement!
Yes, I always stay clear when the spelling and grammar are off as well. "We got a high traffic" and "furhter". If they cannot handle simple things like spelling and grammar, certainly not capable of running a company.
Quoting Mtinifx
{quote} for a free trial? Because I contacted the support and got this reply: We know about this issue. We got a high traffic because of Free Trials, we disabled them for furhter notice, as we need to support our Challenge traders first. Our IT team is already working on automatic creation of free trials/challenge accounts. If they are ready, we will reactive free trials. Please monitor us closely Kind regards Veronika Horváth What a ridiculous excuse!! Oh boy, skeptical about this outfit is an understatement!

Out of curiosity, I clicked on the "free trial" button and I can confirm that it works...
I dance with chance.
Quoting Mtinifx
New kids on the block: https://trueforexfunds.com/ Based in Hungary! They certainly tick all the boxes. Prices are reasonable. Could it be FTMO white lable?? Usual 8%/4% targets - no minimum days - bi-weekly payout - 80/20 payout split - mt4/5 or ctrader - Icmarkets - free trial - EA's allowed - 1/100 leverage Only problem - no track record!

from Hungary was infamous fidelcrest .. so it could be the next incarnation of this shit. but im not 100 % sure..

edit: whatever it is, it looks like a big waste of time..
why suddenly so many prop funds coming up with almost the same principles. why suddenly all find this model very profitable for themself.

clearly, they know most will lose their fees in 4 to 5 months and will keep paying to get new accounts.
Allergic to bullshitters, never argue with fools
GT Official Signals All Time Pips: -8,836
When I started end of July, they (FundingTalent) had no minimum trading days, biweekly payouts and super raw spreads. That changed all within a few weeks. But my money for the fee was already invested so I continued. I made 53k profit and expected to get 43k payout. I have several emails that staff including chief risk officer Logan Silver told me that my trading style is good. But when it came to payout mid September they denied it. They told me some trades where caught with their server issues. But am I responsible for technical failures ? I got nothing but a partial refund. So in the end I made a loss after time and effort for trading invested here. They are very dishonest, you cannot rely on their own words. The truth comes out when it is payout date for your hard earned profits. They will use every argument they can get to deny anything, especially when your payout is bigger than average. Now they disabled the whole challenge model from one day to another, because they cannot payout. I would avoid any prop firm. I have no trust in similar models like on MFF or FTMO. They all rely on failed attempts to earn some profits by trading with them. I am happy that I can trade my live account on a real big forex broker. No more worries if I get paid or not. The Funding Talent business model is not different from a modern Ponzi scheme, because they only have the fees from subscriptions to payout any gains on demo accounts. It is in their best interest not to pay anyone. They have also ongoing server issues nearly every day. When you have only 1 trade affected by those server issues then your whole payout can be easily denied by them. They will use every argument they can get not to payout any profits. Beware and be warned. I think this whole industry is shady. My best opinion is still about LUX trading because they KPMG as audit firm and have a real but small hedge fund behind them. This is only attractive when you want to build up a track record you want to show third parties. But for any math reasons just trade on your own live account on a reputable broker. FTMO and especially MFF are also tricky, because I have recently noticed denied payout complaints on their reviews with trust pilot, but then those negative reviews had been removed within 1 or 2 hours. Just be careful. Funding Talent is the worst so called prop firm. You really do not want to worry about any payouts when you made a good profit, just concentrate on trading with a real broker. You can trust me because I have professional and academic background with several years experience in trading among institutions. Do not fall into their trap you get more money to trade when you reached some goals. There is no money here they just rely that 92%+ trades will fail on their attempts to trade profitable with their very strict goals and limitations. If too many profitable traders come to the table they have all their problems and they will cheat you where they can. It can be server issues, it can be slippage, high swaps overnight, changing rules with immediate effects and so on. Just not to pay you. Forget Funding Talent and also their competitors. Because FT was number 2 when they suffered their massive server problems. You can bet if the number 2 has such problems, then others will have them too (soon). FT will get now some legal actions by courts and also some action from Nova Scotia in Canada where they are located (MFF (myforexfunds) are too in Canada so beware here). This whole gray area of so called prop firms could be regulated (soon) here. Stay away please.
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MFF is not doing payouts. Not good. This is just one recent example. I have discovered more in the last weeks recently, but nearly all were deleted within 1 hours.
MFF cares really too much on their negative reviews on Trustpilot, because they want every single negative review to be removed, if they can do this. Beware here.
Quoting QAndy
{image}MFF is not doing payouts. Not good. This is just one recent example. I have discovered more in the last weeks recently, but nearly all were deleted within 1 hours. MFF cares really too much on their negative reviews on Trustpilot, because they want every single negative review to be removed, if they can do this. Beware here.

I'd bet the 4 bucks an hour you earn at mcdonalds that that person broke rules and is using trustpilot to get paid money that isnt due.
Quoting QAndy
When I started end of July, they (FundingTalent) had no minimum trading days, biweekly payouts and super raw spreads. That changed all within a few weeks. But my money for the fee was already invested so I continued. I made 53k profit and expected to get 43k payout. I have several emails that staff including chief risk officer Logan Silver told me that my trading style is good. But when it came to payout mid September they denied it. They told me some trades where caught with their server issues. But am I responsible for technical failures ? I got...


Pay back your affiliate commission back to a pool of funds for those who were defrauded. You were part of the fraud.
Do not say I have not warned you, to use no such of so called prop firms at all. Stay away. Here are some more proofs from Trustpilot. How many warnings you need ?
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Quoting Takisd
{quote} Pay back your affiliate commission back to a pool of funds for those who were defrauded. You were part of the fraud.
You are still advocate of ANY of those prop firms ? Are You insane or what ? There is no serious prop firm with that kind of Ponzi scheme structure out there. You maybe the last one who does understand that. Period.
Quoting QAndy
{image}MFF is not doing payouts. Not good. This is just one recent example. I have discovered more in the last weeks recently, but nearly all were deleted within 1 hours. MFF cares really too much on their negative reviews on Trustpilot, because they want every single negative review to be removed, if they can do this. Beware here.
Trustpilot is one of the best companies out there for taking down fraudulent posts. Anyone can go on there and remark about anything they like, but if found to be fraudulent/unfair/unproven they are taken down by trustpilot, how long they take depends on how long the investigation into it takes.
Quoting QAndy
Do not say I have not warned you, to use no such of so called prop firms at all. Stay away. Here are some more proofs from Trustpilot. How many warnings you need ? {image} {image}

You think that second review holds any water? It is baseless crap. I bet you its removed in like 5 days.
Quoting QAndy
{quote} You are still advocate of ANY of those prop firms ? Are You insane or what ? There is no serious prop firm with that kind of Ponzi scheme structure out there. You maybe the last one who does understand that. Period.

Give back your affiliate commission from funding talent to the people who were victimized by them.

I warned you for months that they are dodgy. Their magic spreads and conditions were enough to know that from day 1. But you sucked on that milky teet for as long as it fed you. Now you are going full moron and screaming I AM WARNING YOU GUYS STAY AWAY when you clearly don't know anything.

We have all been saying that this is an income supplement apparatus. Don't put money you cant afford to lose into any of the firms and just milk it for as long as you can.

You however, seem to think that its the bible and you are the second coming of jesus. Koop is obviously the first one.

I still remember when Funding talent shills were going around telling people to report competitors to the authorities.. I bet you were one of those...

Any review that mentions an opposition company should be ignored. Affiliate marketing is super strong in this industry and when a users client base is going elsewhere, they are often quick to write magic reviews with no context. Much like funding talents current 5 star reviews... Go take a look, they are still getting 5 star fucking reviews..

Yet your dumbass is still here, trying to gain cred when you are a commercial member who has been proven to support a fraud if it pays you.

If you even spent 10 minutes of time in this thread, you would know what the consensus about this opportunity is. Its not a forever thing, its a get your money now thing if you are a capable trader. If one of the big ones goes the distance, thats awesome, but no one is expecting FTMO, MFF, FT,Betonbrains or any of the others to be here 20 yrs from now... That would just be silly.
Quoting QAndy
{quote} Who are You ? What is Your academic background ? What is Your professional experience as a trader ? Do you just have some broker experience ? And you have the courage to say me anything ? I can only laugh at you. Anyone who is commenting here seriously should say how much experience they have and what is the academic background too. And you cannot listen or you have no brain to memory anything. I told here publicly that I am fulltime trader and private only. I do not sell anything. I only live from trading.
you ask those questions to the wrong guy.

he knows more than what you can even understand. get ready to be crushed
Quoting QAndy
...HUGE WALL OF TEXT...
-I suspect that there will be many claims made against MFF and others, and also similar, cry-baby posts clouded with dire warnings and negativity like you are sharing here.

I also suspect that many, if not all, of those claims are coming from people that made a bad choice, or, that failed and/or tried to cheat their way to gains and are now butt-hurt because their efforts were proven futile.

It is easy to make an anonymous claim, especially in cases where you are not challenged to provide verifiable proof. Furthermore, many of these 'trust/review' sites can be easily manipulated and exploited. It would not be difficult to hire a server farm in India to falsely and anonymously promote or trash any business if someone really wanted to, ignoring or unaware of the possible legal ramifications.

People should be careful about making baseless claims. They may believe that they are anonymous, hiding behind the protection of websites and forums, but they are not, and defamation laws are pretty commonly-recognized and serious in most countries.

All of that being said, any reasonable professional will carefully consider all risk and properly mitigate that risk accordingly. In any case where a so-called prop firm (or broker, for that matter), might disappear tomorrow, we must be prepared for that possibility.

In most cases, the challenge fees are fully-refundable, eliminating any potential risk associated with trading via one of these firms. Because of this fact, the choice is easy for most. The opportunity is without question. For those that cannot see that and/or are unable to face the unforeseeable, harsh realities that may be lurking around the corner, then maybe this is not for them.
Quoting QAndy
{quote} Who are You ? What is Your academic background ? What is Your professional experience as a trader ? Do you just have some broker experience ? And you have the courage to say me anything ? I can only laugh at you. Anyone who is commenting here seriously should say how much experience they have and what is the academic background too. And you cannot listen or you have no brain to memory anything. I told here publicly that I am fulltime trader and private only. I do not sell anything. I only live from trading. You Taksid are part of the FX...

Your intelligence is showing.

Absolutely, I have worked for shady ass brokers before. One of them is regulated heavily by the FCA and ASIC. Anyone who has worked in the brokerage industry has worked in shady companies, its no hidden secret. There is no broker that is "clean" because you can't be clean.

You wanna know why you can't be clean? Because there are stupid morons like you who are trading forex thinking that spreads are 0 with no commission and pushing bullshit onto the market and if brokers don't comply with what the ignorant people like yourself want they don't get any business. So they find a way, its not a good way its not the most honest way but its a way that mostly doesn't affect the clients experience. For example, hybrid books, b books, net hedging are all ways to mitigate the retail requirements to be competitive. But did you know that? Nope, you think that a broker can survive paying $80 an acquisition and giving you 0 spread and a commission that barely covers liquidity because you think you deserve magic.

Yet here you are on a PHP board, as a commercial member, which has never really said "honesty" about anyone, juicing on affiliate commissions, then when shit hits the fan, trying to absolve yourself of any liability. When in fact its people like YOU who fed funding talent. Their entire business model was affiliate marketing, they had the highest most ridiculous affiliate payouts, they made a swarm of fools like yourself go around spreading absolute lies about regulation, about compliance and about how an industry is and YOU complied.

I might have been a broker in the past and I certainly know the tricks in the book but at no point have I come to a forum and said "oh no guys, not me, I was innocent" like you are doing now. You are equally as guilty as anyone who ever pushed that obvious scam onto the people.

I don't need to listen to you. I, like the majority of folks in this thread with an IQ above dishwater temperature know that this opportunity is not long term.

Actually, most of the people here don't even need that to be repeated to them. We know the game, we know the industry. It is you who clearly doesn't know shit.
Actual photo of Qandy preparing for the big showdown with Taksid
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"Pride always comes before destruction...." -Proverbs 16:18
Quoting Expo33
Actual photo of Qandy preparing for the big showdown with Taksid {image}

At this point in time its likely "Vicki" posting on trustpilot and pushing TPT on others.
Quoting Takisd
{quote} At this point in time its likely "Vicki" posting on trustpilot and pushing TPT on others.
Or the "PaulMF" syndrome
"Pride always comes before destruction...." -Proverbs 16:18
Quoting QAndy
{quote} Who are You ? What is Your academic background ? What is Your professional experience as a trader ? Do you just have some broker experience ? And you have the courage to say me anything ? I can only laugh at you. Anyone who is commenting here seriously should say how much experience they have and what is the academic background too. And you cannot listen or you have no brain to memory anything. I told here publicly that I am fulltime trader and private only. I do not sell anything. I only live from trading. You Taksid are part of the FX...
Lol You have all that experience and academic background yet you touted a clearly failing and falling Funding talent as the best Prop firm in the industry. You even claimed they were bound to outlast FTMO because FTMO was stupid enough to copy trades and risk losing their invested capital.

Apparently the people with no qualifications could tell it was a shaky business right from the start and saw the crash coming while you the professional were singing their praises and caught with your pants down.

Here's my advice - Take whatever qualifications and certificates you've gained in your life, roll it into a ball, apply some motor engine oil all over it as lubricant, and shove it up your commercial ass.


As the great Michael Chandler last said - "I'm not here for a long time, i'm here for a good time".
I'll take what i can before the sink ships,
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