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Prop Firm Elite

  • #221
  • Dec 14, 2021 10:00am Dec 14, 2021 10:00am
Another one: PZ Challenge - Talented traders wanted (pointzero-trading.com)

Currently there are more fake prop-firms than brokers. The problem is that, in the immediate future, we will see more prop-firms than traders.

Who is going to trade if you can earn more money by getting fees for fake accounts?
Always ready to help
  • #222
  • Dec 14, 2021 10:21am Dec 14, 2021 10:21am
Quoting PaulMF
Another one: PZ Challenge - Talented traders wanted (pointzero-trading.com) Currently there are more fake prop-firms than brokers. The problem is that, in the immediate future, we will see more prop-firms than traders. Who is going to trade if you can earn more money by getting fees for fake accounts?
I know the owner for many years now he is a good coder not sure why he is interested to get involved in this prop fund thing as far as I know he is trading big personal account already
Allergic to bullshitters, never argue with fools
  • #223
  • Edited 11:06am Dec 14, 2021 10:51am | Edited 11:06am
There are already too many and over 90% don't offer any reassurance they will pay or will be here in a few months time. A good number are clear scams.
The remaining 10% need to improve a few things. That is basically what is needed, at a minimum. Not much.
Subscribers, consumers or whatever we should call them need to be more demanding in their positioning towards these firms, not behave like idiots, dazzled because had been paid this far.
It has been show over and over that some of the reliable firms use dirty tricks to make traders fail, at least those traders that are a risk to the firm, namely when they are not considered fit to have their orders sent to the market and have their profits covered only by subscriber's fees.
Follow your guts, if you want to lose your money...
  • #224
  • Edited 10:56pm Dec 14, 2021 9:21pm | Edited 10:56pm
Quoting FXTrader.FF
{quote} Here is another good example: My long gbpnzd position opens at 1.94728. After moving with 150+ pips I moved SL to BE, but it was a fake swing and triggered SL at 1.94387. While the investing.com chart simultaneously shows a low of 1.9521 (82 pips difference). {image} {image} What the hell happened to BuoyTrade Prop Firm (Global Prime Broker)?

Hello FXTrader.FF,

We have received your complaint. This is not BuoyTrade intention as we do not touch any of the accounts in our system once it goes live.

I'm pretty sure you are not the only one that's being affected by this alone, We are currently investigating this issue and will get back to you with GlobalPrime's answer on this matter.

For all the others, BuoyTrade is a fully A-Book firm where we do not absorb your orders, rather GlobalPrime is the one connecting us to a counter-party on their end.

@FXTrader.FF, please do check your email regularly as we'll update you via email on this investigation.

For anyone else who is affected by this GBPNZD rollover spread or any other pairs, please let us know by contacting us at [email protected]

Regards,
Daniel
  • #225
  • Edited 3:00am Dec 15, 2021 2:46am | Edited 3:00am
My Forex Funds posted a new blog about Oct/Nov statistics, where they state, within other things, the following:

1) October - Passed phase 1: 18%, passed phase 2: 31% from phase 1 / Nov - Passed phase 1: 10%, passed phase 2: 24% from phase 2
2) October - Reached first profit split: 4% of traders who passed phase 2 / Nov - Reached first profit split: 3% of traders who passed phase 2
3) October - New live accounts: 3544 / Nov - New live accounts: 5718

So, on average, close to 1 in 1000 challengers have a chance to earn something! They must have many millions of challengers because they report 3544 new live accounts in October, and 5718 in November. Giving the benefit of the doubt, something is wrong here, probably a bunch of typos.

Then they state:

1) There are 5 traders who are on their 8th payout on evaluation live accounts.
2) All traders who received record payouts have lost their accounts within 3 weeks of the record payout due to excessive risk.

This is concerning, I remember Taskid proudly sporting a bi-weekly payout image of more than 60K. That image has been deleted all of a sudden. Not by modesty, something Taskid is not, is a modest fellow.
But I am preoccupied with Taskid finances, in particular because MFF clearly states that "All traders who received record payouts have lost their accounts within 3 weeks of the record payout due to excessive risk". Hmm, he is close.

MFF states, only 5 traders make it to the 8th payout. Taskid immediately raised his hand, followed by some a$se hole I can't remember the whereabouts.

It is amazing the concentration of competence in that Hub thread!

With a losing strategy that is used in the most basic freebie EA, i.e. "I am trading just support/res with moving average confluences" he is making a whole lotta money.
Follow your guts, if you want to lose your money...
  • #226
  • Edited 6:20am Dec 15, 2021 6:06am | Edited 6:20am
Quoting JotaP
My Forex Funds posted a new blog about Oct/Nov statistics, where they state, within other things, the following: 1) October - Passed phase 1: 18%, passed phase 2: 31% from phase 1 / Nov - Passed phase 1: 10%, passed phase 2: 24% from phase 2 2) October - Reached first profit split: 4% of traders who passed phase 2 / Nov - Reached first profit split: 3% of traders who passed phase 2 3) October - New live accounts: 3544 / Nov - New live accounts: 5718 So, on average, close to 1 in 1000 challengers have a chance to earn something! They must have many...
Don't trust those stats. That's a message for competence.

That would imply 59,968 users paid the participation fee in October, and 232,532 in November. Let's suppose the average paid fee is $200, this will lead to earning $11,297,200 in October, and $46,508,400 in November! November was 4 times that of October. And December then? $184M? lol

And if you compare those stats with the Hub posts, you end up with a big no no.

When such a large number of coincidences arise, you may think everyone is lying, and probably you will be right.

Have you ever seen any clue that made you think any of these guys have ever traded consistently in their entire life? NO! I know you know why!

By the way, I searched on Google "my forex funds stats", and JotaP appears in the fifth position. hahaha man you are getting very important in this regard.
Attached Image (click to enlarge)
Click to Enlarge Name: JotaP is trending.GIF Size: 18 KB
Always ready to help
  • #227
  • Edited 9:21am Dec 15, 2021 8:42am | Edited 9:21am
Quoting PaulMF
{quote} Don't trust those stats. That's a message for competence. That would imply 59,968 users paid the participation fee in October, and 232,532 in November. Let's suppose the average paid fee is $200, this will lead to earning $11,297,200 in October, and $46,508,400 in November! November was 4 times that of October. And December then? $184M? lol And if you compare those stats with the Hub posts, you end up with a big no no. When such a large number of coincidences arise, you may think everyone is lying, and probably you will be right. Have you...
Ahahah.

Taskid posted in that crappy thread that he never posted any payout image.
Of course, he posted an image (could be Photoshop art, it looked like Photoshop art, coming from those people it had 99% chance of being indeed Photoshop art) and then commented that it would be the last time he would post such thing because payouts are private stuff.
Before he mentioned again, in text, the rough value of 60K he was already being congratulated for the achievement.

BTW, that CryptoSnitcher found "you" again on the internet. OMG
Follow your guts, if you want to lose your money...
  • #228
  • Dec 15, 2021 9:20am Dec 15, 2021 9:20am
Quoting JotaP
{quote} Ahahah. Taskid posted in that crappy thread that he never posted any payout image. Of course, he posted an image (could be Photoshop art) and then commented that it would be the last time he would post such thing because payouts are private stuff. Before he mentioned again, in text, the rough value of 60K he was already being congratulated for the achievement. BTW, that CryptoSnitcher found "you" again on the internet. OMG
He shows and hides pictures. He never shows any real account that sustains he had been trading with those figures for years.

You know, if they can see butterflies on charts, they can see me everywhere on the internet. They have a great imagination.

Anyway, I find it useful. We are leaving a mark.
Always ready to help
  • #229
  • Dec 15, 2021 9:55am Dec 15, 2021 9:55am
Quoting PaulMF
{quote}they can see me everywhere on the internet. They have a great imagination. Anyway, I find it useful. We are leaving a mark.
You live in Spain, you use Google search in Spanish. That guy's voice is from an US born individual, without any doubt.
Bunch of dumb idiots in that thread.
Follow your guts, if you want to lose your money...
  • #230
  • Dec 15, 2021 11:06am Dec 15, 2021 11:06am
Quoting JotaP
{quote} Ahahah. Taskid posted in that crappy thread that he never posted any payout image. Of course, he posted an image (could be Photoshop art, it looked like Photoshop art, coming from those people it had 99% chance of being indeed Photoshop art) and then commented that it would be the last time he would post such thing because payouts are private stuff. Before he mentioned again, in text, the rough value of 60K he was already being congratulated for the achievement. BTW, that CryptoSnitcher found "you" again on the internet. OMG
I guess you refer to this one:
attachment.php (854×436) (forexfactory.com)

I also have one of that type:
Attached Image (click to enlarge)
Click to Enlarge Name: your forex funds email.GIF Size: 16 KB
Always ready to help
  • #231
  • Dec 15, 2021 1:00pm Dec 15, 2021 1:00pm
Quoting PaulMF
{quote} I guess you refer to this one: attachment.php (854×436) (forexfactory.com) I also have one of that type: {image}
I was referring to another one. May be I can still find it somewhere.

Anyway, it was likely fake, he is all fake. An arrogant fake clown.
Follow your guts, if you want to lose your money...
  • #232
  • Edited 12:00pm Dec 17, 2021 11:26am | Edited 12:00pm
I have seen the snapshot of your mobile with your name and showing the Spanish company Movistar as telecom provider.

How come, the gang of idiots from the crap thread continue to misname you and to say that you were a former US convict that were into drugs. That guy has even provided a record of his own voice, it has a clear accent, impossible to duplicate by any foreigner, no matter how many years he has lived in the US.
Follow your guts, if you want to lose your money...
  • #233
  • Dec 21, 2021 3:58am Dec 21, 2021 3:58am
Quoting JotaP
I have seen the snapshot of your mobile with your name and showing the Spanish company Movistar as telecom provider. How come, the gang of idiots from the crap thread continue to misname you and to say that you were a former US convict that were into drugs. That guy has even provided a record of his own voice, it has a clear accent, impossible to duplicate by any foreigner, no matter how many years he has lived in the US.
The lack of arguments lead to that type of tactic.
Always ready to help
  • #234
  • Dec 22, 2021 3:26am Dec 22, 2021 3:26am
Interesting, even at the Porn Hub they are having difficulties swallowing all the lies from MFF.

The problem is "Getting proper liquidity for our customer size is complicated and we were struggling to apply it to the new services".
The simple English translation is "We have not enough money"

What I can I add? Nothing, just take it easy, with his broken fingers this man is struggling to figure out a solution.

Attached Image

In the meantime, the MFF representative that used to come here, simply disappeared, LOL.
Follow your guts, if you want to lose your money...
  • #235
  • Dec 22, 2021 4:27am Dec 22, 2021 4:27am
Quoting JotaP
Interesting, even at the Porn Hub they are having difficulties swallowing all the lies from MFF. The problem is "Getting proper liquidity for our customer size is complicated and we were struggling to apply it to the new services". The simple English translation is "We have not enough money" What I can I add? Nothing, just take it easy, with his broken fingers this man is struggling to figure out a solution. {image} In the meantime, the MFF representative that used to come here, simply disappeared, LOL.
Well that's what the guys in this thread were expecting from any of these firms. Sadly this finally happened.

What would you expect from a Canadian firm that can't solicit customers from Canada?
Always ready to help
  • #236
  • Dec 22, 2021 5:17am Dec 22, 2021 5:17am
Quoting PaulMF
{quote} Well that's what the guys in this thread were expecting from any of these firms. Sadly this finally happened. What would you expect from a Canadian firm that can't solicit customers from Canada?
They mostly pay in crypto.
And they said "The delays are because of BTCUSD oddly enough".
Simply put they are expecting the BTCUSD to go up in order to pay less.

They don't even lie well.
Follow your guts, if you want to lose your money...
  • #237
  • Dec 22, 2021 9:27am Dec 22, 2021 9:27am
Since you are bashing myff so much, what do you have to say about that they give you a LIVE account after you pass the 2nd phase of evaluation?
  • #238
  • Dec 22, 2021 9:37am Dec 22, 2021 9:37am
Quoting fx11trade
Since you are bashing myff so much, what do you have to say about that they give you a LIVE account after you pass the 2nd phase of evaluation?
I don't bash, I would like them to serve customers properly. This is normal, abnormal is behave like a sheep hoping for the best. There is no sign of a miracle on the horizon. I have already passed Phase II, if nothing wrong happen will start Live next year and if I have profits expect to be paid, obviously.
Follow your guts, if you want to lose your money...
  • #239
  • Dec 22, 2021 9:57am Dec 22, 2021 9:57am
The question is for both of you and paulmf: what do you have to say about that they give you a LIVE account after you pass the 2nd phase of evaluation?
  • #240
  • Dec 22, 2021 10:14am Dec 22, 2021 10:14am
Quoting fx11trade
The question is for both of you and paulmf: what do you have to say about that they give you a LIVE account after you pass the 2nd phase of evaluation?
They don't give anything, people that does not violate the rules and reaches the target is entitled to so-called Live account. Problems with the so-called Live account will be dealt with, if necessary.
Follow your guts, if you want to lose your money...
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