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  • #7,061
  • Mar 20, 2022 5:16am Mar 20, 2022 5:16am
Quoting pipmaster77
{quote}{quote} FundedNext is same targets as FTMO with a bit better pricing. The 15% payout for phase 1 and 2 is really irrelevant, although a clever marketing strategy. If you don't pass, you don't receive it AND if you do pass, you're about to earn 80% on your funded account. Nice perk though, I mean it is $1500 on phase 1 and $750 on phase 2 on a 100K account plus fee refunded. The express model with 25% in unlimited time I'm guessing pays you 15% all the while you are taking your time, so that's actually pretty cool. However, with that being...
Besides MFF and FTMO, I had payouts from The Funded Trader, True Forex and The Prop Trading.

If I had to put some chips on long term survival I think The Funded Trader is somehow ahead on it, addressing issues in Discord, moving from a bad broker (Nash), reinstating index trading this week, a lot of payout proofs, some high payouts, promoting company for a long time with leaderboard competitions and video interviews, etc. At least they seem to be burning some money to build reputation and brand.
Of course this can be all fabricated, but it seems they're trying to grow the same way MFF did when they showed up. Let's see if is they succeed.

The Prop Trading presented some interesting payout figures but, again, we never how how much of that is true. And they don't see to have a life out of the website.

True Forex seem pretty small yet and not addressing some of the issues regarding server problems and payout process preventing people trading during 3 or 4 days

All that said, paying is not a definitive proof of anything. I got paid from Funding Talent as well and we all know where they are.

On new firms, I try to spread the risk over several props, always cautious about their capacity of survival.
  • #7,062
  • Mar 20, 2022 7:05am Mar 20, 2022 7:05am
after seeing someones post about https://www.tentoptraders.com/ i tried and seems like they are legit scammer .

initially they offered me a demo acc to proove myself -- i made 8.5% within 3 weeks and max DD was 2.9% which they iked very much and before ending the 4th week they upgraded for elite acc and allocate 50k which was also a demo and after being asked about that thye informed their live is linked with that so no worry. im ok with that and start trading within few days made some profit and few trades were in floating minus then they mailed me that they faced huge losses bcz of their falulty copier and investors are not happy so they will engage the new investor and update me later. A form hat point I didn't make any trade or adjust those opened positions at all and informed about that to them. and finally closed in loss total acc loss after that is 3.4%.

now they are asking me to prove myself again to earn a live account. and proving criteria they is not clear looks like they may allow or reject anything.

they dont charg anything but they dont offer anything as well. better not to waste any time with them. as per my experience.
  • #7,063
  • Edited 9:03am Mar 20, 2022 7:33am | Edited 9:03am
I also joined tentoptraders.com recently, but after I made +3.5% netprofit in 8 trading days I stopped it, because spreads from their broker MEX were too high. Only on majors good. But on minors I paid more than 0.5 pips in addition for every trade. Since I was doing about 10 trades per day scalping it, I calculated that I will overpay at least 100 pips per month, so I decided to stop here. It did not make sense to me to continue. Their broker is simply not one of the best.

Do you 'inversio' and I ask here everyone who passed, do you have any EA or do you rely only on Priceaction and Support/Resistance like most of the youtube videos of successful prop traders ? Because they all use this kind of Smart Money Concept, which is basically looking for a trend and then go in after a pullback of the recent trend with a tighter stop to get a decent R:R ratio. Are all you doing that kind of trading to pass the two phases and also when funded then ?
  • #7,064
  • Mar 20, 2022 8:05am Mar 20, 2022 8:05am
Not sure why everyone keeps looking for a new prop firm, isn't FTMO good enough and paying??
What goes up will come down...
  • #7,065
  • Mar 20, 2022 9:05am Mar 20, 2022 9:05am
Quoting sam68
Not sure why everyone keeps looking for a new prop firm, isn't FTMO good enough and paying??
To increase the earnings, how much 1 will get from 1 prop firm, let's say max 1mil, and if s/he earned 70-80k from that, won't that trader will get more if add more firm, trade will be same help of copy ea, but earning will be double, triple or more
  • #7,066
  • Edited 9:44am Mar 20, 2022 9:10am | Edited 9:44am
Quoting sam68
Not sure why everyone keeps looking for a new prop firm, isn't FTMO good enough and paying??
Yes it is first hand. I would go with FTMO to max out their $400k maximum capital per trader first. But to scale up and get more profits other props become then interesting after FTMO. That is why everyone is looking and asking here I am supposing.
  • #7,067
  • Mar 20, 2022 9:51am Mar 20, 2022 9:51am
Quoting TrAndy1
{quote} Yes it is first hand. I would go with FTMO to max out their $400k maximum capital per trader first. But to scale up and get more profits other props become then interesting after FTMO. That is why everyone is looking and asking here I am supposing.
I would say get to 400k with FTMO first and trade it successfully for 6 months or more before worrying about other prop firms - there is of cause mff as well that can be used and I think for starters that is way more than sufficient.
  • #7,068
  • Edited 10:23am Mar 20, 2022 10:00am | Edited 10:23am
Quoting fxbarwise
{quote} I would say get to 400k with FTMO first and trade it successfully for 6 months or more before worrying about other prop firms - there is of cause mff as well that can be used and I think for starters that is way more than sufficient.
First of all I am only looking for a No.2 and maybe No.3 just to be prepared for any additional scaling. That cannot be too much. And I am still looking because I only found FTMO so far.

Second, sorry to say that, but I do not trust Myforexfunds (MFF) anymore because I have read to many negative reviews on trustpilot about them recently. They have huge server problems with their Traders Global Group. They are also owned by them. A lot of traders are complaining about freezes and slippage. Also very bad customer service when there are any issues. That is a no-go for me. In addition they do not payout especially to those traders using an EA. Because they say very easily according to those reviews that they were making use of any latency arbitrage which can be in fact only a trash argument. So why they do not pay them all ? Why are 82% of positive reviews fake (1 review made an investigation about that) ? Why are rumors they are running out of money then ? There are just too many warning signs. It looks like to me they are a kind of scam artist like Funding Talent in the final stage (also Canadian firm).

Really no one here is having issues with MFF ? 'Fagin' already complained they did not pay. Anybody else having any issues with them here ?
Who is trusting MFF and having no issues with their servers /customer service/ EA policy here ? Also their max daily loss rule, (which is based on equity or balance, which is higher) is the worst rule interpretation of daily loss rule on all prop firms when I compare it.
  • #7,069
  • Mar 20, 2022 10:15am Mar 20, 2022 10:15am
Quoting sam68
Not sure why everyone keeps looking for a new prop firm, isn't FTMO good enough and paying??
-And what if FTMO changes or they stop paying? If you could invest in stock or real estate, would you rely on one, single stock or property to appreciate if you could spread your capital across 5, 10 or 20 units, especially if the additional time-involvement was negligible? Mitigating risk and maximizing profit potential (or increasing odds for success) are basic business practices; reason for the phrase 'do not put all of your eggs into one basket'.

To each their own, though. Truthfully. Reason being, I think that there are legitimate arguments to be made from both sides. On the one hand, a trader that elects to maintain 5 to 10 accounts, will need to take on more initial risk or time-involvement in order to get that going. The long-term risk is minimized, however. Whereas, on the other hand, a trader that elects to work one account at a time (maybe with a backup account as security), but uses much more leverage when trading, can see greater profit-potential in the short-term, while minimizing startup capital/risk and time-involvement to get things going, but would definitely need to take on more risk once live.

I think, both approaches are viable, especially for traders that are decent. They can choose how they want to play the game. This, all assuming that these firms continue to allow unlimited signups from the same person/entity and do not give grief to traders for using excessive leverage and inconsistent lot sizes (or traders that stop trading after 1 to 3 days each month to ensure a payout). I would honestly be afraid of a firm falsely accusing me of doing something illegitimate, just so that they could kick me out.

These prop firms are quick to showcase (brag) about huge payouts that sometimes exceed 100K. This sends a bad message, but is also hypocritical, as most firms repeatedly say things like: respect our capital; do not use excessive leverage; use good money-management practices and consistent lot sizes etc..

I think that both approaches can be utilized. Any good investor will typically allocate capital across a spectrum, with variable risk, where most money is placed in low-risk, lower-return options, but where a smaller percentage of money is also moved into higher-risk/return options. I see no reason why traders cannot do the same thing, especially with so many options available to them. It would certainly require a ton of discipline, though.

I am personally too afraid to do it solely for the reason that I would not be able to fly under the radar and would likely become a target. If I keep seeing huge payouts being touted as something great, I will certainly be tempted though...even if that means screen-recording my entire trading activity.
  • #7,070
  • Mar 20, 2022 11:08am Mar 20, 2022 11:08am
Quoting TrAndy1
{quote} First of all I am only looking for a No.2 and maybe No.3 just to be prepared for any additional scaling. That cannot be too much. And I am still looking because I only found FTMO so far. Second, sorry to say that, but I do not trust Myforexfunds (MFF) anymore because I have read to many negative reviews on trustpilot about them recently. They have huge server problems with their Traders Global Group. They are also owned by them. A lot of traders are complaining about freezes and slippage. Also very bad customer service when there are any...
Yeah maybe you are right about MFF specially when they can't afford hiring bunch of people for customer services. It's a red alert for traders now.
  • #7,071
  • Mar 20, 2022 11:14am Mar 20, 2022 11:14am
Quoting RubelByrne
{quote} Yeah maybe you are right about MFF specially when they can't afford hiring bunch of people for customer services. It's a red alert for traders now.
It's especially a red alert for someone promoting another prop firm. There is nothing wrong with MFF other than folks trying to cheat. Every issue of non-paying is due to cheating, those that have been investigated and found to be legit are paid. MFF is paying out more than FTMO on a monthly basis.
  • #7,072
  • Mar 20, 2022 11:21am Mar 20, 2022 11:21am
Quoting TrAndy1
{quote} First of all I am only looking for a No.2 and maybe No.3 just to be prepared for any additional scaling. That cannot be too much. And I am still looking because I only found FTMO so far. Second, sorry to say that, but I do not trust Myforexfunds (MFF) anymore because I have read to many negative reviews on trustpilot about them recently. They have huge server problems with their Traders Global Group. They are also owned by them. A lot of traders are complaining about freezes and slippage. Also very bad customer service when there are any...
They eventually paid out for last month but I had to fight all the way and we are not even talking big money here, just a few hundred dollars.

They have not yet allocated me my live account from the Rapid demo, again it’s not even big money, the live account is only 10k.

On Friday they assured me that they are allocating it and my emails to account and billing were being routed to support hence why I was getting nonsensical replies from them. Again this makes no sense to me.

So let’s see… I have asked for my $750 fee refund and they are saying only on my 1st profit split on the new account. I have pointed out that A. You haven’t given it me yet and B. I should have been trading on it since the 25th Feb…. I am not the one contravening the terms here.

You can read my posts about MFF and I have been a supporter of them for over 6 months. For now I’m withdrawing that support until they support me.

Any further funding I seek will not be with MFF for the time being…
  • #7,073
  • Mar 20, 2022 11:51am Mar 20, 2022 11:51am
Quoting Fagin
{quote} They eventually paid out for last month but I had to fight all the way and we are not even talking big money here, just a few hundred dollars. They have not yet allocated me my live account from the Rapid demo, again it’s not even big money, the live account is only 10k. On Friday they assured me that they are allocating it and my emails to account and billing were being routed to support hence why I was getting nonsensical replies from them. Again this makes no sense to me. So let’s see… I have asked for my $750 fee refund and they are...
Not that this is acceptable at all, but this is truly a one-off. It is a rapid account, which I don't believe anyone signs up for any longer as it's just not even close to the benefit of the evals. It is on the old dashboard as well, so you literally have 2 issues that their incompetent customer service cannot decipher. Not an excuse at all, but definitely a very isolated incident.
Have you used the email I PM'd to you? Any response?
Once again, I am not defending them in your particular case, this should have been resolved LONG ago. I agree 100% customer service is understaffed and incompetent at the same time. The new automation I believe has resolved us needing to engage them (hopefully).
You are not having any issues on any eval accounts on the new dash, correct?
  • #7,074
  • Mar 20, 2022 12:13pm Mar 20, 2022 12:13pm
Quoting pipmaster77
{quote} Not that this is acceptable at all, but this is truly a one-off. It is a rapid account, which I don't believe anyone signs up for any longer as it's just not even close to the benefit of the evals. It is on the old dashboard as well, so you literally have 2 issues that their incompetent customer service cannot decipher. Not an excuse at all, but definitely a very isolated incident. Have you used the email I PM'd to you? Any response? Once again, I am not defending them in your particular case, this should have been resolved LONG ago. I agree...
No i didn’t in the end as they paid out after I sent in another copy of previous emails I’d already sent.
No issues on the evaluation dashboard but remember I didn’t have issues with the Rapid before either. So what happens if you start getting issues next payout on the “new” dashboard.

I don’t know how many Rapid accounts they’ve got up and running, I sense though that the issue they have is dealing with consecutive payouts to consistent traders. Maybe they didn’t think someone could trade this account for as long, that’s why it feels manually fudged together. I asked on Friday, do I have to email in every month to scale my account from the demo to live or is it automated. Silence.
If they have 95% win rate from failed trader fees, makes you wonder about any real investment in the 5%?

Also if you run the maths on a Rapid then I think they’d lose money on a successful trader unless they copy trade a higher multiplier(and not share with the trader). So maybe a bucketshop scenario?

Fact is they are still marketing Rapid and taking fees from it. If it isn’t making them money then they would drop it? If they can’t manage the accounts properly they should close them and refund imo.
  • #7,075
  • Mar 20, 2022 12:33pm Mar 20, 2022 12:33pm
Quoting Fagin
{quote} No i didn’t in the end as they paid out after I sent in another copy of previous emails I’d already sent. No issues on the evaluation dashboard but remember I didn’t have issues with the Rapid before either. So what happens if you start getting issues next payout on the “new” dashboard. I don’t know how many Rapid accounts they’ve got up and running, I sense though that the issue they have is dealing with consecutive payouts to consistent traders. Maybe they didn’t think someone could trade this account for as long, that’s why it feels manually...
I agree 100%. Don't sell or promote anything you're not going to provide support for. My thoughts are the eval is a much more popular option and most, if not all, of their resources are invested in that model.
  • #7,076
  • Mar 20, 2022 12:36pm Mar 20, 2022 12:36pm
I'd suggest giving them some time to evolve. The option is always there to test the waters by trying one of the lowest priced challenges. MyForexFunds still has the better deal in my opinion. Greater overall DD allowance MFF at 12% and FundedNext at 10%. MFF Profit Target is 8% Phase 1. FundedNext Profit Target is 10% in Phase 1. Phase 2 PT is 5% for both firms. Similar trading cycles for both firms with respect to Phase 1 and Phase 2. Phase 1: 30 calendar days :: 4 week cycle Phase 2: 60 calendar days :: 8 week cycle. Fees are comparable between the 2 firms. MFF Challenge Phase 2 allows for a free retry from Phase 1 if no trading objectives were breached and only profit target not met. FundedNext does not allow free repeats if Phase 2 is missed, you get one attempt at it and one only,then you'd need to purchase a reset at a discounted rate. MFF has been around longer than FundedNext and already survived the numerous teething problems ( with customer service still not good ) whilst FundedNext is yet to prove itself. FundedNext offers the Express Model with the 'unlimited' time limit to meet trading PT so this type model might suit some traders. As far as evaluation goes MFF and FTMO are still the top 2. I welcome more entrants into the Prop Firm space so let's hope the new one can prove itself, only time will tell. Due diligence as always. Masterrmind ............ [/quote]

Hi Mastermind

Thanks for your reply and Cryptosurf and Niji, much appreciate your comments..

So it looks like these Prop firms do actually do what they say? There are actually traders here receiving payments from them on a regular basis?? Thats good to hear so then I guess its about finding the best one which are lasting the course and living up to their sales blurps.

I'm seriously tempted to try the New Kids FundedNext as on the surface their deal seems very attractive as all I would be doing is my normal trading but hopefully making more money, seems too good to be true, but if you guys can verify these prop firms work then I'll give it a go.

Many thanks for your response I will also of course look at your recommendation of Myforexfunds as well and let you know how it goes.

All the best Clive
Feel the Fear and do it anyway!!!
  • #7,077
  • Edited 2:49pm Mar 20, 2022 2:21pm | Edited 2:49pm
The loudest people screaming about mff are news/tight sl/big lot traders that can't deal with real market slippage and gap/arbitrage cheaters, however there are legitimate complaints regarding poor customer support and from people still on old dash system.

MFF is now the biggest prop firm. They surpassed FTMO in monthly website traffic in Jan and are paying out more monthly than FTMO. Their customer service has been subpar since Funding talent imploded more than likely because they are simply growing too fast.
  • #7,078
  • Edited 3:48pm Mar 20, 2022 3:10pm | Edited 3:48pm
Quoting CableJ
The loudest people screaming about mff are news/tight sl/big lot traders that can't deal with real market slippage.
That is exactly the question what is real market slippage on a simulated demo account at MFF ?

On FTMO such slippages are (nearly) unheard of, you even see market depth on their cTrader platform, so you know what you are doing when entering an order. I guess there is no such market depth seen on MFF or ? Can someone tell me that please ? Do MFF make use of the virtual dealer plugin for MT4 or Traders Global Group with freezing and slippage ? Because on FTMO you see market depth so a kind of slippage should be done automated correctly on the size of bid/ask volume. I doubt MFF is doing this exactly the same way, but I am asking that. On cTrader you also cannot implement the virtual dealer plugin, it is also mostly for MT4 platforms. So again an advantage for FTMO.

Also the complaints regarding slippage were because of very abnormal slippage on trustpilot. If a trader says that then I guess he can compare his trading with any live trading environment, otherwise it does not make sense. There are no such complaints (in that number) on FTMO. Also server freezes is an additional issue at MFF when you cannot close your order e.g., these are signs of a clear server problem of Traders Global Group. Even MFF said themselves they had several server freezes. Also on FTMO there were some on MT5 platform with a new update from MT5. But what counts is the number of complaints. One says there are over 340 complaints in 2 weeks at MFF, when there are only 10 at FTMO in those two weeks. That is huge difference. And when a MFF Trader is complaining something he will be muted immdiately on Discord or he gets no constructive email support from their customer service or even no answer from them (or for a long time at least like it was for Fagin his complaint).

Anyone is experiencing larger slippage than normal (on non red news) at MFF ? Can someone compare to FTMO or any other prop firm please ? E.g. Trueforexfunds and Finotrader support are saying indirect, that they do not have slippage on their demo accounts. But I am not 100% sure. Maybe anyone can say more here ? It just looks like the slippage on MFF is abnormal in comparison to live conditions of a good reputable broker. It is too easy for me to put all negative reviews from MFF in a pot and say they are guilty themselves.

Please read the negative reviews on trustpilot about Myforexfunds and tell me what is your overall impression and how do you can compare it to your experience with MFF ?
  • #7,079
  • Edited 3:53pm Mar 20, 2022 3:38pm | Edited 3:53pm
On FTMO such slippages are unheard of?!?!?!?!?

I think you need to go back and re-read your own post #7002! Why were you asking questions about unheard of FTMO slippage?

People complain about FTMO slippage all the time! As a matter of fact, before MFF changed to simulating market depth fills, traders would come on their discord complaining about FTMO's slippage.

Every single time a MFF trader complained about slippage and posted a screenshot of their mobile MT4 evidence, when I looked at the charts it was ALWAYS a fill on an extremely volatile 1 min bar.

Trustpilot is a disaster zone, there is a ton of gorilla warfare between prop firms and their affiliates bashing the competition.
  • #7,080
  • Edited 5:20pm Mar 20, 2022 3:54pm | Edited 5:20pm
Quoting CableJ
On FTMO such slippages are unheard of?!?!?!?!? I think you need to go back and re-read your own post #7002! Why were you asking questions about unheard of FTMO slippage? People complain about FTMO slippage all the time! As a matter of fact, before MFF changed to simulating market depth fills, traders would come on their discord complaining about FTMO's slippage. Every single time a MFF trader complained about slippage and posted a screenshot of their mobile MT4 evidence, when I looked at the charts it was ALWAYS a fill on an extremely volatile 1...

Can you tell me more about FTMO slippage ? It is not based on their market depth what you can see on cTrader ? On their trial account I could not see it and I had no slippage even on big lots. Could someone post a screenshot of FTMO's market depth ? Is any good execution just for very small lot sizes, is the volume so thin ?
I have no problem at all with normal slippage and I can compare that with any reputable broker live accounts.
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