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Prop Firms reality

  • #41
  • Nov 28, 2021 5:15pm Nov 28, 2021 5:15pm
Quoting Tradelevels
{quote} Finally got unmanned, when people run out of genuine argument misuse the power
They do it all time. Last week, they tried 3 times in the same day. But they are cowards, they never admit the authority.
Always ready to help
  • #42
  • Nov 28, 2021 5:19pm Nov 28, 2021 5:19pm
Quoting PaulMF
{quote} They do it all time. Last week, they tried 3 times in the same day. But they are cowards, they never admit the authority.
Instead of going after me personally they should have given me a logical answer and should have prove me wrong about this fraud model, they had no answer so was trying to prove I am here for some ill motive and they were trying to portray me as a scammer. This it self shows they have 0 knowledge about prop firms and their business model or hired by prop firms to do this work only.
  • #43
  • Nov 28, 2021 5:20pm Nov 28, 2021 5:20pm
Quoting Tradelevels
{quote} Bro, its very simple, not against any prop firm or not here to advertise any of my service, the fact will never change, propnfirms are illegal brokers who are running a fake brokerage services without following brokerage normals, they are charging $190 on 10K challenge and giving you $500 credit line just like all other brokers in market who are giving bonus on deposit only difference those other brokers have no DD and you can go negative till last penny of Bonus here they have ridiculous DD rule to loot and to make sure no one ever win....
I agree. I'm documenting everything and will pass it to all the regulation authorities in the world. They have to stop this.
I'm really worried. Many people lose too much money in this type of gambling.
Always ready to help
  • #44
  • Nov 28, 2021 5:22pm Nov 28, 2021 5:22pm
Quoting Tradelevels
{quote} Instead of going after me personally they should have given me a logical answer and should have prove me wrong about this fraud model, they had no answer so was trying to prove I am here for some ill motive and they were trying to portray me as a scammer. This it self shows they have 0 knowledge about prop firms and their business model or hired by prop firms to do this work only.
That's their technique developed over the months: going after someone, personally. No one talks about them, but they insist on leading the debate to personal matters.
Always ready to help
  • #45
  • Nov 28, 2021 6:01pm Nov 28, 2021 6:01pm
Quoting PaulMF
{quote} I agree. I'm documenting everything and will pass it to all the regulation authorities in the world. They have to stop this. I'm really worried. Many people lose too much money in this type of gambling.
Yes, save the world please!!!!! While you are at it, tell the authorities about Vegas and how they stack the odds against you and all the state run lotteries and oh, all of the other forex brokers in the world. The funny thing is as much as you talk about people being scammed......where is the evidence? Where are the people complaining? Have they all been silenced? You want me to put up a TE? Why? It has nothing to do with what you are claiming!!! Show the complaints....show the people who have been scammed, where are they?
  • #46
  • Nov 28, 2021 6:24pm Nov 28, 2021 6:24pm
Quoting PaulMF
{quote} I agree. I'm documenting everything and will pass it to all the regulation authorities in the world. They have to stop this. I'm really worried. Many people lose too much money in this type of gambling.
If gambling still ok, but they are lying by offering something which is not there in reality. Poor people seeing figures like 200k and 500k and they have no idea that those advertised money not there, what they are doing is playing with emotions, they are showing fake big accounts and increasing greed by allowing big virtual funds and poor users without thinking twice using big lots thinking they will earn big and forgetting their actual balance which they can lose is not what being advertised and those ridiculous lots makes them lose within few pips. Its a fraud and if not today then tomorrow financial authorities will crackdown on these frauds. Funding Talent fraud stopped and exposed because Canadian authorities are pro active and have taken immediate action and forced them to put reality out, EU authorities are lil late but they too will soon stop these frauds.
  • #47
  • Nov 28, 2021 6:44pm Nov 28, 2021 6:44pm
Quoting Tradelevels
{quote} If gambling still ok, but they are lying by offering something which is not there in reality. Poor people seeing figures like 200k and 500k and they have no idea that those advertised money not there, what they are doing is playing with emotions, they are showing fake big accounts and increasing greed by allowing big virtual funds and poor users without thinking twice using big lots thinking they will earn big and forgetting their actual balance which they can lose is not what being advertised and those ridiculous lots makes them lose within...
Unless you have absolutely zero math skills, one can figure out what 5% DD and 10% DD is equal to. They provide EXACTLY what they advertise. Yes, people lose, that is not due to false advertising....it is due to either
a.) risking too much per trade (which, quite frankly is why almost all of forex traders lose) or
b.) not having a system with a winning probability (which is why the remaining forex traders lose)
If you have a system with a winning edge (positive expectancy) and you understand money management, you are receiving 16-24X more money to trade with than the fee you pay. Yes, I am talking about DD allowed, not the equity. If you pay $979 to MFF, you have 24K in DD (12% of 200K balance), $1250 at FTMO gets you 20K in DD (10% of 200K balance)
If your risk per trade is based on DD and not equity (which is the way you should trade), you cannot beat the deal they offer. Now, the companies that charge a fee equal to or greater than the DD....that's another story and I am 100% against those models and have spoken openly about it many times.
  • #48
  • Edited 7:26pm Nov 28, 2021 6:51pm | Edited 7:26pm
Quoting pipmaster77
{quote} Unless you have absolutely zero math skills, one can figure out what 5% DD and 10% DD is equal to. They provide EXACTLY what they advertise. Yes, people lose, that is not due to false advertising....it is due to either a.) risking too much per trade (which, quite frankly is why almost all of forex traders lose) or b.) not having a system with a winning probability (which is why the remaining forex traders lose) If you have a system with a winning edge (positive expectancy) and you understand money management, you are receiving 16-24X more...
Bro with due respect 10% profit target a month not achievable, if this had been the case everyone would have been billionaire by now. When you allow 5% daily DD + 10% over all DD and ask to make 10% it's complete unachievable task, yes with onetime gambling or your luck support you might achieve it but not possible with consistency. Their challenge 1 and 2 designed by keeping this in mind, Even after challenge DD rules stays, but you share profit means user have to achieve this 10% goal to share profit, so they are just pulling your ears by wrong hand here nothing else, I can say this as I had run a brokerage. Second I am neither advertising my service nor asking anyone to join it, I am just explaining what is right and wrong that's it.

Again something sir, when DD goes away still you forced to generate 10% because you are now sharing profit, be a logical brother, if generating 10% consistently possible every month then banks would have stopped giving loans with 6% yearly interests
  • #49
  • Nov 28, 2021 7:04pm Nov 28, 2021 7:04pm
Quoting Tradelevels
{quote} Bro with due respect 10% profit target a month not achievable, if this had been the case everyone would have been billionaire by now. When you allow 5% daily DD + 10% over all DD and ask to make 10% it's complete unachievable task, yes with onetime gambling or your luck support you might achieve it but not possible with consistency. Their challenge 1 and 2 designed by keeping this in mind, Even after challenge DD rules stays, but you share profit means user have to achieve this 10% goal to share profit, so they are just pulling your ears...
After challenge, there are no profit targets, you get paid 75-85% on whatever profit you generate. Here's the deal....max out FTMO and MFF you have 112K in DD, it's like trading a 112K account with an 80-85% split. Pay for one challenge, pass, fee refunded, reinvest until you max out. It is not for everyone, but neither is trading.
  • #50
  • Nov 29, 2021 1:26am Nov 29, 2021 1:26am
Quoting Tradelevels
{quote} Bro with due respect 10% profit target a month not achievable, if this had been the case everyone would have been billionaire by now. When you allow 5% daily DD + 10% over all DD and ask to make 10% it's complete unachievable task, yes with onetime gambling or your luck support you might achieve it but not possible with consistency. Their challenge 1 and 2 designed by keeping this in mind, Even after challenge DD rules stays, but you share profit means user have to achieve this 10% goal to share profit, so they are just pulling your ears...
You have a great balance to trade thus it is clear that you know what you are doing, good to meet serious traders.

also, I am interested in 25k account from your website looking forward to getting started.
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Allergic to bullshitters, never argue with fools
  • #51
  • Nov 29, 2021 4:57am Nov 29, 2021 4:57am
Quoting Tradelevels
{quote} If gambling still ok, but they are lying by offering something which is not there in reality. Poor people seeing figures like 200k and 500k and they have no idea that those advertised money not there, what they are doing is playing with emotions, they are showing fake big accounts and increasing greed by allowing big virtual funds and poor users without thinking twice using big lots thinking they will earn big and forgetting their actual balance which they can lose is not what being advertised and those ridiculous lots makes them lose within...
The word reality and these members do not fit. Gambling services also requires regulation.

Look at their commercial tactics:

FTMO - For serious traders | Page 414 | Forex Factory (https://www.forexfactory.com/thread/post/13804120#post13804120)
FTMO - For serious traders | Page 414 | Forex Factory (https://www.forexfactory.com/thread/post/13804620#post13804620)

This happens from time to time.

This type of posts always come from members, with not too many posts, who created their FF's accounts after FTMO's inception in this forum. Weird...
Please guys, if what you say is true, share your TEs and MyFXBook's accounts, that will lead you to the hall of fame of the trading world.
Always ready to help
  • #52
  • Nov 29, 2021 5:03am Nov 29, 2021 5:03am
Quoting pipmaster77
{quote} Yes, save the world please!!!!! While you are at it, tell the authorities about Vegas and how they stack the odds against you and all the state run lotteries and oh, all of the other forex brokers in the world. The funny thing is as much as you talk about people being scammed......where is the evidence? Where are the people complaining? Have they all been silenced? You want me to put up a TE? Why? It has nothing to do with what you are claiming!!! Show the complaints....show the people who have been scammed, where are they?
Vegas' businesses are regulated! They can't offer prizes they can't afford! Welcome to this world!

FTMO and MFF aren't regulated. The company that owns the FTMO's website does not provide the FTMO's Trader "account". It is a third company, not specified, from which no one has shared any information about. Neither the name, nor the contract you "sign" in case the "demo-trader" passes their verification.
Always ready to help
  • #53
  • Nov 29, 2021 5:13am Nov 29, 2021 5:13am
Quoting Tradelevels
{quote} Bro with due respect 10% profit target a month not achievable, if this had been the case everyone would have been billionaire by now. When you allow 5% daily DD + 10% over all DD and ask to make 10% it's complete unachievable task, yes with onetime gambling or your luck support you might achieve it but not possible with consistency. Their challenge 1 and 2 designed by keeping this in mind, Even after challenge DD rules stays, but you share profit means user have to achieve this 10% goal to share profit, so they are just pulling your ears...
Again suspended???

Can't believe it. Really tired of they way these senior members operate. Shame.
Always ready to help
  • #54
  • Nov 29, 2021 5:19am Nov 29, 2021 5:19am
Traders are racking 5 digit withdrawals while whiners are wasting time..
on a postive roll...
  • #55
  • Nov 29, 2021 10:02am Nov 29, 2021 10:02am
Quoting PaulMF
{quote} Again suspended??? Can't believe it. Really tired of they way these senior members operate. Shame.
Bulyying gang suspended me 3 times in a day. Lol , now I have changed status to commercial member.
  • #56
  • Nov 29, 2021 12:32pm Nov 29, 2021 12:32pm
Quoting Tradelevels
{quote} Bulyying gang suspended me 3 times in a day. Lol , now I have changed status to commercial member.
@Twee we deserve an explanation. Good manners are being penalized here all the time. No need for that.

For example, I can discuss with Tradelevels. I can say that I don't like some of their products. Tradelevels can say "I don't like PaulMF opinions". We can politely interchange opinions. That's trading, their products, their strategies. But among all opinions, politeness has to prevail.

Instead, other members are very disrespectful. No one has to call the other: clown, Paula (misogyny), Pauline, asshole, idiot, mental case, EAD, whore, mentally limited, etc.

They suspend us, even being polite with them when they insult us. If we say something that doesn't align with their opinions, then they suspend us.
Really? 4 suspensions in a day to Tradelevels? 3 suspensions in a day for me? Did I waste my time reading the code of conduct (https://www.forexfactory.com/userguide#membership)? Only the new ones have to obey it?

This is not my forum, but I like your rules, I think your code of conduct is very clear. Lately, I can see that this code of conduct does not apply in the same way for everyone here.
Always ready to help
  • #57
  • Nov 29, 2021 1:14pm Nov 29, 2021 1:14pm
Quoting PaulMF
{quote} @Twee we deserve an explanation. Good manners are being penalized here all the time. No need for that. For example, I can discuss with Tradelevels. I can say that I don't like some of their products. Tradelevels can say "I don't like PaulMF opinions". We can politely interchange opinions. That's trading, their products, their strategies. But among all opinions, politeness has to prevail. Instead, other members are very disrespectful. No one has to call the other: clown, Paula (misogyny), Pauline, asshole, idiot, mental case, EAD, whore,...
Yes @Twee take this matter seriously, if legit traders and legit forum contributors will get suspended and bullying for keeping their opinion then it's serious. I have read rules and not a single rule broken and some senior members misusing the privilege they have got then it's never good for the unbiased forum like Forex factory. I am sure again they will attempt to silent me by another block as they are running out of genuine arguments and must be paid people by those prop firms I am exposing here.
  • #58
  • Nov 29, 2021 10:30pm Nov 29, 2021 10:30pm
Quoting Tradelevels
{quote} Yes @Twee take this matter seriously, if legit traders and legit forum contributors will get suspended and bullying for keeping their opinion then it's serious. I have read rules and not a single rule broken and some senior members misusing the privilege they have got then it's never good for the unbiased forum like Forex factory. I am sure again they will attempt to silent me by another block as they are running out of genuine arguments and must be paid people by those prop firms I am exposing here.

I have emailed Twee to rethink the power given to so-called senior members to suspend others clearly few people are abusing this power and want to gang up on others to save their own agendas.

anyways I have applied for 25k account from your website and waiting for a reply to get started I am also going to start a thread with my live TE and write my experience with your funds. hoping to get the reply soon to get started.
Allergic to bullshitters, never argue with fools
  • #59
  • Nov 29, 2021 10:36pm Nov 29, 2021 10:36pm
Hello Tradeslevel

I have started this thread https://www.forexfactory.com/thread/post/13805653#post13805653

kindly feel free to post and help others to get started
Allergic to bullshitters, never argue with fools
  • #60
  • Nov 30, 2021 3:26am Nov 30, 2021 3:26am
Quoting Muhammedfx
{quote} I have emailed Twee to rethink the power given to so-called senior members to suspend others clearly few people are abusing this power and want to gang up on others to save their own agendas. anyways I have applied for 25k account from your website and waiting for a reply to get started I am also going to start a thread with my live TE and write my experience with your funds. hoping to get the reply soon to get started.

LOL why did u start ignoring me.... because i made a valid comment?.....


and you do realise the 25k account u applied for the 30% dd or whatever it is will be based on your equity

how much will u pay out if your equity drops to 70-80%? stop spamming other people and have a look at your own stuff
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