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Prop Firm Elite

  • #1
  • First Post: Edited Dec 16, 2021 6:34am Nov 12, 2021 5:41pm | Edited Dec 16, 2021 6:34am

PROP FIRM ELITE



This thread is totally devoted to Proprietary Trading Firms and what they can offer to new and experienced traders.

We will discuss Prop-Firms' activities, offers, opportunities, scams, etc.

Reviews of these firms are welcome.

Users may share their experience in attempts to gain a position at these firms.

Traders who show off without proof that will lead us to believe they can trade successfully with the demanded trading performance, will be signaled by the thread starter as fanciful traders.

It is also acceptable to discuss those that aren't real prop-firms. But in this case, promotion by fake members is not allowed as we all know that they cheat on newbies and have flooded this forum with fake memberships that insult fellow traders when they unveil these companies' bad practices.


Different from what happens in other threads related to "prop-firms", being polite is a must here. Freedom of speech is guaranteed but you must obey the rules: Any insult, misogynistic comment, or any code of conduct broken will be directly reported to Forex Factory's moderator.

Let's bring some decency to this trading world!
Always ready to help
  • #2
  • Nov 12, 2021 5:53pm Nov 12, 2021 5:53pm
A list of top real proprietary trading firms: top 42
Always ready to help
  • #3
  • Nov 12, 2021 5:58pm Nov 12, 2021 5:58pm
How can a trader identify a fake prop-firm?
Easy, when they ask you to pay to be part of their team, to be evaluated, etc.

Real prop-firms don't ask you to pay, they hire you and pay from the first minute. They look for talent!
Always ready to help
  • #4
  • Edited Nov 13, 2021 1:43am Nov 12, 2021 11:41pm | Edited Nov 13, 2021 1:43am
I am yet to find out the reason the initiator of that thread and a few of its members that have no significant activity outside the thread have no Commercial Status, namely Masterrmind, Pipmaster77, tradista, Koop, Cryptosurf, Takisd, Expo33, Nsak3y, Chronus, within others.


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Follow your guts, if you want to lose your money...
  • #5
  • Nov 13, 2021 12:08am Nov 13, 2021 12:08am
Recommendation to all new Prop Firms from the undercovered commercial member Masterrmind:

Quote
Start by reading the FAQS and TC's of the current 2 top retail Prop firms namely, FTMO and MFF.
These firms have the bulk of participants in this space.
Find out why they do and how they are doing it.
Then make your model much much better
Follow your guts, if you want to lose your money...
  • #6
  • Nov 13, 2021 1:07am Nov 13, 2021 1:07am
For this, please change your path to the thread mentioned above:

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Follow your guts, if you want to lose your money...
  • #7
  • Edited 1:53am Nov 13, 2021 1:12am | Edited 1:53am
Paul, don't forget to Block the Snake Oil Salesmen from posting here. Don't allow Posters from your Ignore List.

Report the scumbags that were distorting your member's name. They should be banned.
Follow your guts, if you want to lose your money...
  • #8
  • Edited 3:44am Nov 13, 2021 2:40am | Edited 3:44am
Quoting JotaP
Paul, don't forget to Block the Snake Oil Salesmen from posting here. Don't allow Posters from your Ignore List. Report the scumbags that were distorting your member's name. They should be banned.
They call me Paula as if it was offensive to be a woman. Clearly, we can't share discussions with this type of people.
Always ready to help
  • #9
  • Nov 13, 2021 2:48am Nov 13, 2021 2:48am
For those pursuing a career in real proprietary trading firms, a good place for searching opportunities could be here:
- Option 1
- Option 2
Always ready to help
  • #10
  • Nov 13, 2021 3:12am Nov 13, 2021 3:12am
In the following discussion we can clearly see that FTMO does not look for profiting from traders:

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The scammer FTMO clearly showed its real intentions: I don't want traders, I want losers who pay my fees.
Always ready to help
  • #11
  • Edited 5:30am Nov 13, 2021 5:13am | Edited 5:30am
Quoting PaulMF
{quote} They call me Paula as if it was offensive to be a woman. Clearly, we can't share discussions with this type of people.
No offense in being a women, no offense in being gay, no offense in being anything legal.
These retarded middle age morons behave like repugnant animals.
I still hope Twee will downgrade these limpets to Commercial Members, the product they sell is FTMO&MFF snake oil.
Follow your guts, if you want to lose your money...
  • #12
  • Nov 13, 2021 6:45am Nov 13, 2021 6:45am
Quoting JotaP
{quote} No offense in being a women, no offense in being gay, no offense in being anything legal. These retarded middle age morons behave like repugnant animals. I still hope Twee will downgrade these limpets to Commercial Members, the product they sell is FTMO&MFF snake oil.
No offense! I totally agree. At least in the Iberian Peninsula, that's what we have been taught from the first minute of our lives.
Always ready to help
  • #13
  • Edited 9:36am Nov 13, 2021 9:15am | Edited 9:36am
Quoting PaulMF
{quote} No offense! I totally agree. At least in the Iberian Peninsula, that's what we have been taught from the first minute of our lives.
The muppet show suckers commanded by MasterrPuppeteer are frustrated for not having permission to come here and poop their FTMO & MFF propaganda.
We feel sorry, we need to keep this place disinfected.
Follow your guts, if you want to lose your money...
  • #14
  • Nov 13, 2021 9:19am Nov 13, 2021 9:19am
Quoting PaulMF
For those pursuing a career in real proprietary trading firms, a good place for searching opportunities could be here: - Option 1 - Option 2
Paul,

I know that your education and professional background is above average and you can reply to those job postings with confidence and actually impress the companies that are looking for qualities that they are asking for but the majority of us are drawn to FX because we don't have what they ask for. We just have a keen sense of market direction akin to maybe a poker player with a few observation and execution tricks up our sleeves. Most of us are tired and board of that top bottom corporate structure that those ads reek of and wouldn't be found working at those places even if we were picked for the lack of any better candidates. Just reading the ads makes me feel captured in a thick rope of corporate tyranny that after a lot of watering it down, can at best be described as 'strings attached'.

By that I mean, you have to conform to what they want, do as they want and come up with what they want. Personally, I am not attracted to trading FX just to become another form of a slave.

What I am looking for, probably like 'redmachinefx', is to trade, show my results and if an investor or investor corporation likes it, they can invest. Period.

Trading is an art as it has been described by many. There are artists that do their art based on their liking. If you like their art, you go buy it. There are also other very good artists that are available for commercial work. All those great paintings on walls and ceilings of churches are examples of great artists that succumbed to corporate demand and sold their talent for a wage. Some did their own art on the side as well as doing art for hire. I am personally the art for my sake kind.

Now, in your experience is there any such funder in existence? The kind that looks at your track record and says, I like what I see and as an experienced investor, I understand that hell can break loose and all the money be lost but I can see that you will do your best to overcome the highs and lows of the market and turn a great profit?

I'd say nah. there isn't. Best option, as the dude from FTMO says, (rephrasing) if you don't like our sh*t, go trade your own funds.
  • #15
  • Nov 13, 2021 9:28am Nov 13, 2021 9:28am
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Don't even know how to lie.
So they are affiliates that are not affiliates. How do they make money then?

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Follow your guts, if you want to lose your money...
  • #16
  • Nov 13, 2021 10:01am Nov 13, 2021 10:01am
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Follow your guts, if you want to lose your money...
  • #17
  • Nov 13, 2021 2:24pm Nov 13, 2021 2:24pm
No. they are not affiliates. Just self appointed experts in the field with accolades such as having passed the entry challenge and granted participation into the programs.

Even the firms they push don't give a dime to support these people's opinions. Just like sports teams' fans. The teams can be the biggest losers and still have diehard fans and the teams don't pay these fans money. They just take in money.
  • #18
  • Edited 5:43pm Nov 13, 2021 5:00pm | Edited 5:43pm
Quoting OutThere
{quote} Paul, I know that your education and professional background is above average and you can reply to those job postings with confidence and actually impress the companies that are looking for qualities that they are asking for but the majority of us are drawn to FX because we don't have what they ask for. We just have a keen sense of market direction akin to maybe a poker player with a few observation and execution tricks up our sleeves. Most of us are tired and board of that top bottom corporate structure that those ads reek of and wouldn't...
I disagree. Those were just an example of possible alternatives. Traders looking for a real future in this world may consider. Instead MFF and FTMO are by no means a future nor a present. They are just companies aside from the trading world. They target newbies who don’t know how much money they will lose with them if they really believe that what they offer is a future.

There are real alternatives for those talented traders who want to get funded:

- You can always open an account in many places that audit your trading results. Then use these results to promote your talent. Anyone knows that those that are really good share their results through websites like MyFXBook and reach a great audience of potential customers and funders.
- Darwinex
- QuantConnect
- etc.

This is an example I share with someone in this forum:

Many already have many months talking about MFF and FTMO without getting a funded account. On Darwinex with 2% per month you would be very popular by next month. With those figures you don't have a chance on FTMO.

Darwinex examples:

- SYO
Manages $4,289,555. Performance 18.82% per year. Max DD -12%
Link: SYO

- THA
Manages $3,509,153. Performance 27.66% per year. Max DD -13%
Link: THA

With those figures you don't pass a challenge on FTMO. And in case that you pass it by chance, you only get $400,000 after too many months getting figures no one else gets.

SYO started with an account of $380 at Darwinex on feb 2018. 3 months later, it had under management $600,000. By the end of the year, dec 2018, it was managing $5,000,000. It can surpass the 10% DD and no one asks him to get 10% in a month nor 5% in two consecutive months.

When some firm looks for serious traders, never ask for participation fees. That company needs performance, its real revenue.

Quoting OutThere
{quote}I'd say nah. there isn't. Best option, as the dude from FTMO says, (rephrasing) if you don't like our sh*t, go trade your own funds.
And you have clearly broken one rule for this thread. Any positive insight for fake prop-firms is not allowed. There are already too many places in this forum for that bad practice. Furthermore, you are not right as you can clearly see in the examples above.
Always ready to help
  • #19
  • Edited Nov 14, 2021 4:39am Nov 13, 2021 5:23pm | Edited Nov 14, 2021 4:39am
Quoting OutThere
No. they are not affiliates. Just self appointed experts in the field with accolades such as having passed the entry challenge and granted participation into the programs. Even the firms they push don't give a dime to support these people's opinions. Just like sports teams' fans. The teams can be the biggest losers and still have diehard fans and the teams don't pay these fans money. They just take in money.
That's also not true. We all know too much about many of the participants in these firms’ threads. We all know that there are many suspicious proofs of payment in which they rely. Like influencers in social media who apparently do not have a clue about trading. And users like this one who appeared to just post in their thread 4 times:
FTMO - For serious traders | Page 321 | Forex Factory


He posted that stupid proof using a mobile image in which the statement look and feel is similar to others I found in scam alerts. The user also demands to be in the Netherlands in the profile but in the mobile screenshot, we can clearly see that the telecommunications company is Irancell, and this company does not operate in the Netherlands. Just after the post, he left the forum. All those “fans” you mention have relied on this type of proof from the beginning.

Not impressing the members who liked that post:

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You can check how they address users who do not agree with them. Insults, misogyny, etc. Many brokers have been criticized in this forum and don’t get that level of orchestrated support. If you really believe that influencers pass challenges and promote fake prop-firms for free, you may also believe these are just “fans”.
Always ready to help
  • #20
  • Nov 13, 2021 6:14pm Nov 13, 2021 6:14pm
Quoting OutThere
No. they are not affiliates. Just self appointed experts in the field with accolades such as having passed the entry challenge and granted participation into the programs. Even the firms they push don't give a dime to support these people's opinions. Just like sports teams' fans. The teams can be the biggest losers and still have diehard fans and the teams don't pay these fans money. They just take in money.
They are not experts, they are complete dumbasses. Know nothing about trading, never showed any evidence when challenged for that.
All that thread is propaganda.

Passing an FTMO challenge is very difficult, only about 7% can do it. And most people that do it, do it by gambling with large positions. I have already discussed that. It is like going to the casino roulette with $1000. What is the easiest way to turn them into $2000? Bet $1000 in the red or bet 10 times $100 in the red? Of course, it is by a single $1000 bet. The people that FTMO showcases are just this sort of gambler traders. Then they will blow their accounts soon when they are officially enrolled as FTMO traders.
This is the reason the system is sustainable, FTMO can not afford to pay significant monthly amounts to traders for long periods of time, because they never put traders making a return on live accounts. FTMO argument that they collect trading positions to a master account is fiction, things don't work that way. Even Jessica Ghaney from Funding Talent dismantled that narrative.
Follow your guts, if you want to lose your money...
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