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Anyone trading with a Prop firm 2 replies

prop firm new model - my trading journey 869 replies

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

Attachments: Prop Firm Hub
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Prop Firm Hub

Quoting jonander50
Hey there. The prop firm list is pretty big, anyone can help me? I am looking for a low entry free investment firm, whose initial proof of % earned has no time limit, and that optionally allows the trading of stocks and options.
The only legit no time limit funding method I've found is MFF Rapid, it's not "Free" like you have requested though (why should it be) until you trade it to funded stage and they refund you.

I've been paid a withdrawal on it which covers half my cost and now i'm trading it to get the full fee refund and live account.

It's a much slower route to funding but I need about 60 days to get to 10% without gambling so suits me.

No stocks or options and if you are long term swinging then even if they were they would be CFD's and the holding costs would probably wipe out your profits...
Quoting Koop
{quote} I think it's still on request to the best of my knowledge, and that applies only to the challenge. The instant Funding seems to only have MT5. Even on the challenge model, once you get the the funded account, you can't use mt4 any longer.
Mmmm there always seems to be a spanner in the works for so many of these guys.

I'm thinking of trying out TrueForexFunds with a small 10K or 25k account.
Quoting Mtinifx
{quote} Mmmm there always seems to be a spanner in the works for so many of these guys. I'm thinking of trying out TrueForexFunds with a small 10K or 25k account.
Just qualified to another live account with MFF. About to use profits to purchase a 200k acc'.
Do I keep all my cookies in the same jar. Or spread the risk by going with Trueforefunds. They appear to be copies of each other.???
Look Left Trade Right
Hello Prop Firm traders - I am assessing interest and see if there are services like this out there. Let me know if there are any services like this out there for prop firms like MFF or FTMO. I want to work as feeder system for them. So in this case, the traders will join my challenge for free (or may be a very small) fee. This challenge will be very similar to MFF or FTMO or other challenges out there. If they complete successfully, I will give them accounts at my own cost at these prop services. If they do well at those prop firms, we share the profits at that point say - 50/50. The trader gets an opportunity to get these expensive accounts almost free and I can benefit from their trading if they are good. Do you all think this will work? Let me know please.
Quoting Basill
{quote} Just qualified to another live account with MFF. About to use profits to purchase a 200k acc'. Do I keep all my cookies in the same jar. Or spread the risk by going with Trueforefunds. They appear to be copies of each other.???
Yes they're pretty similar! Except that TFF has no min. trading days whereas Myff is 5.

But the big problem for me with Myff is their server. Don't like TradersGlobal I'm afraid due to the fact that DAX is not open 24/7 which also messes up the moving average values. OK of course if you don't trade indices.

TFF is using ICmarkets. I'm just testing their spreads and will let everyone know later what they are like.

I think that if one is going to try TFF, it's better to go now - more chance of getting pay-outs in the beginning rather then later when they get hit with large claims!
Quoting Mtinifx
{quote} Yes they're pretty similar! Except that TFF has no min. trading days whereas Myff is 5. But the big problem for me with Myff is their server. Don't like TradersGlobal I'm afraid due to the fact that DAX is not open 24/7 which also messes up the moving average values. OK of course if you don't trade indices. TFF is using ICmarkets. I'm just testing their spreads and will let everyone know later what they are like. I think that if one is going to try TFF, it's better to go now - more chance of getting pay-outs in the beginning rather then...

Didn't take long. Spreads are the best I've seen on Indices and Gold
Attached Image
Quoting Mtinifx
{quote} Didn't take long. Spreads are the best I've seen on Indices and Gold {image}
IC Markets is most likely unrivalled on US30 and DE40(30), but they also have pretty high commissions on Forex and Gold which effectively doubles the spread on both in result (btw. Gold has typically 0.1 point spread rather than zero)

You can use this to analyze precisely
https://ctrader.com/algos/cbots/show/2625
Even a broken clock is right twice a day
MFFX Funded All Time Return: 14.4%
Quoting Vitore
{quote} IC Markets is most likely unrivalled on US30 and DE40(30), but they also have pretty high commissions on Forex and Gold which effectively doubles the spread on both in result (btw. Gold has typically 0.1 point spread rather than zero) You can use this to analyze precisely https://ctrader.com/algos/cbots/show/2625
I'm not trying to push ICmarkets

Just AFA using them for a Prop trading challenge, they look OK. Spreads on Gold are floating of course but even with the high commission, it's below 20 points which is acceptable IMHO
Quoting Mtinifx
{quote} I'm not trying to push ICmarkets Just AFA using them for a Prop trading challenge, they look OK. Spreads on Gold are floating of course but even with the high commission, it's below 20 points which is acceptable IMHO

Which trading firms are using ICmarkets as their brokers?
This TrueForexFunds is either a spinoff from MFF themselves or someone copied everything exactly 100% all the way down to the chat box.
It may be a spinoff of another Hungary firm I can't recall the bad name.
Follow your guts, if you want to lose your money...
Quoting schopade
I am assessing interest
-Not sure if this is relevant to this thread, but I will share my initial thoughts.

You could probably find people that are interested, but whether or not they can trade well over the long-term will be another matter.

The biggest issue would probably be account ownership. Assuming that you could give trading access to the account without giving client access, since you would be the account owner, you would likely be violating most policies that prohibit 3rd-party involvement, thereby putting your accounts at risk for closure. You would also likely hit walls with how many accounts you can actually have under your name/business entity.

The other, obvious issue is that once a trader sees his/her first payout, they will likely drop you for their own account, so your turnover rate will likely be high, which actually increases your overall risk. This is all also assuming that any licensing/regulatory/taxation issues are not important to you or the trader.

Quoting jonander50
I am looking for a low entry free investment firm, whose initial proof of % earned has no time limit, and that optionally allows the trading of stocks and options.
-There are many low-entry firms, some with one-time fee and others that are subscription-based. I cannot speak about the stock/options offerings, though. Not sure what you mean by initial proof of % earned. I may have seen a 'free' offering recently, but I do not remember for certain.
Quoting Nsak3y
{quote}-Not sure if this is relevant to this thread, but I will share my initial thoughts. You could probably find people that are interested, but whether or not they can trade well over the long-term will be another matter. The biggest issue would probably be account ownership. Assuming that you could give trading access to the account without giving client access, since you would be the account owner, you would likely be violating most policies that prohibit 3rd-party involvement, thereby putting your accounts at risk for closure. You would also...
Thank you Nsak3y - appreciate you taking time to provide feedback. I will consider this before making decisions. Thanks again.
Quoting schopade
Hello Prop Firm traders - I am assessing interest and see if there are services like this out there. Let me know if there are any services like this out there for prop firms like MFF or FTMO. I want to work as feeder system for them. So in this case, the traders will join my challenge for free (or may be a very small) fee. This challenge will be very similar to MFF or FTMO or other challenges out there. If they complete successfully, I will give them accounts at my own cost at these prop services. If they do well at those prop firms, we share the...
A guy named Kieran was/is doing that for a while with FTMO, reduced fee for traders, paying part of the challenge fees from his pocket.
https://traderseed.io/

Quoting JotaP
It may be a spinoff of another Hungary firm I can't recall the bad name.
That would be Fidelcrest.
Seemed shady; with Estonian connections, but office claimed in Budapest, not that much is there, actually, just an address.

The new thingy probably a white label of another prop, thus the similarities to it. Most is white label, I guess it sell cheaper then white label forex brokers or crypto exchanges, so more YouTubers and "businessmen" can jump on the bandwagon.
Until it last!
there is always, always another trade!!
for myff.
recieved 2 live accounts (200k each) within 24hours since i passed passed phase 2 and sent them the document.(i passed them both at the same time even though i did not start at the same time)
bonus payout 2% of phase 1 is being proccessed havent recieved it yet

that deel thing the use for payout i have never used it, hope i set it up right. we'll see.
Quoting profitfarmer
A guy named Kieran was/is doing that for a while with FTMO, reduced fee for traders, paying part of the challenge fees from his pocket. https://traderseed.io/
The model this guy is using looks interesting, if he is honest and makes a profit split of 90%.
The only catch I see is that Trader has to pass 2 Challenges and 2 Verifications before receiving an account that generates income.
Follow your guts, if you want to lose your money...
Quoting kudaa8
{quote} Which trading firms are using ICmarkets as their brokers?
I can't think of anyone else. A few are using Eightcap.
Anyone here of Spartan prop trading. Need 5o know if they are legit. Supposed to be free. Thanks
If at first you don't succeed, try, try again.
Quoting kudaa8
{quote} Which trading firms are using ICmarkets as their brokers?
EnFoid uses IC Markets (and several other brokers from which you can chose) but they are still in process of their legal entity change and don't accept new traders. And their conditions are not competitive (50% split, 1,000$ for 100k account)
Even a broken clock is right twice a day
MFFX Funded All Time Return: 14.4%
Quoting Alesiosc
Anyone here of Spartan prop trading. Need 5o know if they are legit. Supposed to be free. Thanks
https://www.fundedspartans.com/consistency

Lots of rules (restrictions) for what it seem to a very very limited actual funds.
By the look it isn't free, either.
5000$ for 150$ fee.
there is always, always another trade!!
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