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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 Koop
By the way, Who do the 5ers think they're fooling with this Bootcamp crap? It's practically just the previously offered "Summer plan" with a new starting $50 fee. It's like they realized they were stupid to make it free to try initially seeing as they would barely generate any income from the few traders that made it to the end of the 3 stage summer plan evaluation. So they decided to add a $50 price tag this time. Still not a bad offering.... just not a good look.
Still not a good offering. You need to make 160% of your allowable DD THREE TIMES. Do the math, put the 300 euros in a personal account and you get the same result as ll of their other offerings. the scaling is in very small. Once funded, first 10 stages or so, every time you make 120% of your allowable DD, they increase your DD by $1,000. WTF?????
Quoting JotaP
Another issue, the MT4 account identifies itself as REAL (I was expecting DEMO) on MT4 desktop but on the App is neither DEMO nor REAL, has no tag about its category. {image} I am having doubts about the Powerful Tech Team and did not even placed any order.

Hi Jose, your refund has been processed.

We offer a free trial so you can get to know what you are signing up for before paying and we encourage everyone to try it out. Our MT4 is configured with all of our symbols under the ELEV8 list just for simplicity for the user to identify and differentiate our pairs vs the standard mt4 pairs. The mt4 configuration has nothing to do with our tech team. We have requested for the AUDCAD cross to be added to our pairs list. The intuitive dashboard is what our team develops and puts their focus on, the MT4 is configured by our liquidity providers. We have had 0 complaints like this and our traders are really loving everything about the trading conditions, executions and the dashboard. We wish you the best on your trading journey and we thank you for giving us a shot.

Sincerely,

Dylan
Quoting JotaP
{quote} As the outcome of this I lost more than $15.00 {image} And this was the reply I received: {quote} I don't think it will be necessary to add anything else.
Jose, paypal charges you the fees, not us. We lost on the transaction as well. Better to use the free trial offered and fully understand the product next time before purchasing straight away, thats why it is offered.

Have a nice day,

Dylan
Quoting DylanE8
Better to use the free trial offered and fully understand the product next time before purchasing straight away, thats why it is offered. Have a nice day, Dylan
-Ouch.

Quoting DylanE8
We have had 0 complaints like this
-Guess you cannot say that anymore.
Quoting DylanE8
{quote} Jose, paypal charges you the fees, not us. We lost on the transaction as well. Better to use the free trial offered and fully understand the product next time before purchasing straight away, thats why it is offered. Have a nice day, Dylan
You definitely are not getting things right, but are trying to play the smart guy dealing with a bunch of morons.

PAYPAL does not charge fees for refunds, never did. It does not charge fees to the buyer. It charges fees to the seller.
Probably you have no experience with PAYPAL as you have no experience with many other things.

I am still waiting for you to refund the remaining money you owe me.

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Follow your guts, if you want to lose your money...
Quoting DylanE8
{quote} Hi Jose, your refund has been processed. We offer a free trial so you can get to know what you are signing up for before paying and we encourage everyone to try it out. Our MT4 is configured with all of our symbols under the ELEV8 list just for simplicity for the user to identify and differentiate our pairs vs the standard mt4 pairs. The mt4 configuration has nothing to do with our tech team. We have requested for the AUDCAD cross to be added to our pairs list. The intuitive dashboard is what our team develops and puts their focus on, the...
You should use the Trial yourself to get aware with the software and the system. You have no clear idea what Forex is all about either. You forgot to put the AUDCAD which is an important cross pair but you did not forget to put a bunch of useless Exotic pairs few people trade.
Did you omit AUDCAD on purpose or just by ignorance? It is important to know the reason!
Many people use the 28 major pairs and cross pairs to compute the relative major pairs Currencies Strength. Did you remove the AUDCAD with the purpose of sabotaging that? Please tell what was the reason!
Follow your guts, if you want to lose your money...
Quoting pipmaster77
{quote} Still not a good offering. You need to make 160% of your allowable DD THREE TIMES. Do the math, put the 300 euros in a personal account and you get the same result as ll of their other offerings. the scaling is in very small. Once funded, first 10 stages or so, every time you make 120% of your allowable DD, they increase your DD by $1,000. WTF?????
Lol Definitely not good either. I don't even bother looking at scaling plans.. tired of the games.
5ers can keep playing slick if they want, i just hope they know they're being left behind because they aren't willing to grow some balls and take some risks.

Quoting JotaP
{quote} You should use the Trial yourself to get aware with the software and the system, because you are not. You have no idea what Trading is and Forex in particular . You forgot to put the AUDCAD which is an important cross pair but you did not forgot to put a bunch of useless Exotic pairs few people trade.
Haha Take it easy Jota!!
Commercial members should not be allowed to post here, imagine if the other commercial prop members all started posting here it would become a clown fest of a thread spoiling everything that been done here thus far. I really hope Masterrmind cleans up his thread.
Truth is like poetry. And most people f*cking hate poetry.
thread turned to poop cos of E8...... swing that ban hammer boss
Come on people, give E8 a chance...embrace the start up Most of us been there..it ain't easy.
Quoting JotaP
{quote} You should use the Trial yourself to get aware with the software and the system. You have no clear idea what Forex is all about either. You forgot to put the AUDCAD which is an important cross pair but you did not forget to put a bunch of useless Exotic pairs few people trade. Did you omit AUDCAD on purpose or just by ignorance? It is important to know the reason! Many people use the 28 pairs and cross pairs to compute the relative major Currencies Strength. Did you remove the AUDCAD with the purpose of sabotaging that? Please tell what...
Oh Yeah! Cant wait to hear the answer to that.
Quoting driven18
Come on people, give E8 a chance...embrace the start up Most of us been there..it ain't easy.
Eh?? Are you saying that JotaP shouldnt be arguing his case, because what? They are a startup? Thats pathetic

Ive also ran a business, and it was a startup aswell, did I make mistakes?, yes. But I had to pay for those mistakes the hard way and not at the customers expense. Damn wish I used the "startup" disclaimer at the time and maybe I could have got the customers to absorb some of it???

Just to add that its not all bad, DylanE8 has a chance to redeem himself by giving good solid answers to JotaP's questions about
The Paypal transaction, and the AUDCAD dilemma.
Quoting Boulder
{quote} I just signed up your $250k E8 account. I will let people know about my experience here.
On the subject of E8, how's the experience for you so far Boulder?
Your worst drawdown is yet to come
Quoting mrdfx
Commercial members should not be allowed to post here, imagine if the other commercial prop members all started posting here it would become a clown fest of a thread spoiling everything that been done here thus far. I really hope Masterrmind cleans up his thread.
I agree they need to find other ways like ftmo do to promote themselfs but not here.
Are we allowed to post any kind of commercial stuff here?

Or is it only prop firms allowed?
Quoting Paulscaff1
Are we allowed to post any kind of commercial stuff here? Or is it only prop firms allowed?
I think that commercial members can post anywhere on the Commercial Forum.
So, all the thread starter can do is block ignored members from posting on his thread.
Follow your guts, if you want to lose your money...
This is one of the most popular threads on FF. To allow commercial members to post here just gives free advertising for whatever they are selling.

We should remove them from here because there are scammers amongst us.
Quoting nebby
{quote} On the subject of E8, how's the experience for you so far Boulder?
so far so good.. this is my third trading day so far for stage I.
Quoting driven18
Come on people, give E8 a chance...embrace the start up Most of us been there..it ain't easy.
-All commercial members have the opportunity to host their own threads, in the same way that FTMO and MFF are doing, where they can address all issues and keep traders informed.

As already suggested, this thread should be for traders to share their unfiltered experiences without commercial members coming here (either openly or using a disguise) to muddy the waters. Commercial members will always feel tempted to share biased opinions towards their offerings (or lies to sabotage competitors), which can skew real data that is backed by real experiences.
Quoting Takisd
This is one of the most popular threads on FF. To allow commercial members to post here just gives free advertising for whatever they are selling. We should remove them from here because there are scammers amongst us.
1000000% true.

Mastermind is going too easy on commercial members.
Anything above the line is an uptrend, below the line is a downtrend.
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