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Anyone trading with a Prop firm 4 replies

prop firm new model - my trading journey 871 replies

So I accepted a Prop Trading job in South Beach Miami 43 replies

Attachments: Prop Firm Hub
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Prop Firm Hub

Quoting Basill
Hello MM & fellow traders https://www.tentoptraders.com/ We have decided to make our presence felt here on Forex factory. tenTOPtraders is comprised of Australian based Forex traders catering to traders worldwide. Behind tenTOPtraders, there is a small group whose mission is to make the world of prop trading more accessible and affordable. tenTOPtraders is not just another white label prop' firm dictated to by the prop' firm capital providers like recent start-ups. We are a unique entity with private financial backing, possessing the...
Sorry are you saying that you joined tenTOPtraders?
And you have known Sam for many years?
Quoting Basill
{quote} I quite agree. As an old guy that I am, I get the impression there seems to an influx of immature spoiled brats polluting this thread of late. Petulant whinging about being called mate instead of SIR. Calling MFF "shit" because of their EA policy. There have been others with equally ignorant & arrogant posts. No firm or company is perfect & if we don't like or agree we should just vote with our feet. Not denigrate with insults. Every time a new "prop" firm appears there are posts full of doubting Tom's. Many from the same people who my suspicious...
Thank you, it is crystal clear now.
You should be more opened about your intention then to talk down to your potential clients like - "Put away the arrogance, ignorance & impatience. The world is your oyster."
Bad marketing!
Quoting mixedbags
{quote} Thank you, it is crystal clear now. You should be more opened about your intention then to talk down to your potential clients like - "Put away the arrogance, ignorance & impatience. The world is your oyster." Bad marketing!
I was not part of the team at the time of that post. However you can think what you like. The comments stand
Look Left Trade Right
Quoting Basill
{quote} I was not part of the team at the time of that post. However you can think what you like. The comments stand
Now that is an arrogant reply. Good luck to your venture. don't waste time replying!
Quoting Basill
{quote} Thank you MasterrMind. Yes, Already done. https://www.forexfactory.com/thread/...-tentoptraders
...Good luck Basill and congrats...
The Chonchy
Quoting Basill
Hello MM & fellow traders https://www.tentoptraders.com/ We have decided to make our presence felt here on Forex factory. tenTOPtraders is comprised of Australian based Forex traders catering to traders worldwide. Behind tenTOPtraders, there is a small group whose mission is to make the world of prop trading more accessible and affordable. tenTOPtraders is not just another white label prop' firm dictated to by the prop' firm capital providers like recent start-ups. We are a unique entity with private financial backing, possessing the...

So,
affordable forex funding!!, after April is over can we assume the price doubles?
If so fairly comparable with MFF except;
only 8% drawdown
10% profit required
good that it is only 1 phase of evaluation

This is interesting
say's 90 days to complete

but confusing

say's 40 days in another
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Quoting geoffrod
{quote} So, affordable forex funding!!, after April is over can we assume the price doubles? If so fairly comparable with MFF except; only 8% drawdown 10% profit required good that it is only 1 phase of evaluation This is interesting say's 90 days to complete but confusing say's 40 days in another {image} {image} {image}
I dont know about all you guys...

But even the name of the firm looks sketchy "tenTOPtraders"

What does that even mean?

They only want to offer ten funded accounts?
The firm is owned by ten....top... traders?
Is it a conpetition to get into the top ten list?

And whats with the dodgy caps bit in the name...looks like someone was on a 10 second timer to come up with an eye catching name for a firm that deals with tens/hundreds of thousands of dollars.....and totally failed.

I dont know....all a bit wierd to me.
Quoting Paulscaff1
{quote} I dont know about all you guys... But even the name of the firm looks sketchy "tenTOPtraders" What does that even mean? They only want to offer ten funded accounts? The firm is owned by ten....top... traders? Is it a conpetition to get into the top ten list? And whats with the dodgy caps bit in the name...looks like someone was on a 10 second timer to come up with an eye catching name for a firm that deals with tens/hundreds of thousands of dollars.....and totally failed. I dont know....all a bit wierd to me.

may be they pick this name bcz they will offer funded account after passing their demo test 10 times.

They ditched me after passed their free challenge. then asked me to try again .
Quoting inversio
{quote} may be they pick this name bcz they will offer funded account after passing their demo test 10 times. They ditched me after passed their free challenge. then asked me to try again .
was ur overall DD above 3%?
y max dd was 2.98 % or 2.89 cant remember which one but not touched 3%.

after passing the free challenge they provided 50K demo acc details and informed that was linked to their live 50k( which is not provided not even investor pass) i traded few days o that acc then they came up with some silly logic and asked me to stopped trading. no update for 2 weeks after that and suddenly mailed with new free challange and asked to join again .
I have a confession to make, people.

Took a stab at FundedNext's 15k Eval (using RubelByrne's aff link) despite my misgivings about their broker, 8Cap.

Well, I passed Phase 1 today after 14 days. Will update when I finish Phase 2 and get the real live account (not simulated, take note!) to trade.

Btw, do those of you using 8Cap experience intermittent freezing of your MT4 platform?
Amor Fati--F. Nietzsche
Quoting inversio
{quote} may be they pick this name bcz they will offer funded account after passing their demo test 10 times..
Ahh that makes sense.

I convinced myself that it ment that you have to pass the challenge with 10 oranges balanced on your head.
Quoting doji
I have a confession to make, people. Took a stab at FundedNext's 15k Eval (using RubelByrne's aff link) despite my misgivings about their broker, 8Cap. Well, I passed Phase 1 today after 14 days. Will update when I finish Phase 2 and get the real live account (not simulated, take note!) to trade. Btw, do those of you using 8Cap experience intermittent freezing of your MT4 platform?
Good luck mate, keep us posted !
I'm running 8cap on a Funded Trader challenge but that MT5 and not MT4. Didn't notice anything so far (although I don't take many trades per day).
The one really having frequent problems is the demo of ICMarkets which is used by True Forex. I read in Discord that they want to move to their own server.
Quoting Capablanca
{quote} Good luck mate, keep us posted ! I'm running 8cap on a Funded Trader challenge but that MT5 and not MT4. Didn't notice anything so far (although I don't take many trades per day). The one really having frequent problems is the demo of ICMarkets which is used by True Forex. I read in Discord that they want to move to their own server.
IMO, it is when these companies move to their own server that separates them from the rest. We can all agree MFF,FTMO and the 5%ers are the 3 most credible firms out there. I do not agree with most of the 5%ers models, but I know they are credible and have their act together. The one thing all 3 have in common....they have all secured their own LPS and you trade on their server. So that is actually great news if TrueForex actually does this.
Quoting pipmaster77
{quote} IMO, it is when these companies move to their own server that separates them from the rest. We can all agree MFF,FTMO and the 5%ers are the 3 most credible firms out there. I do not agree with most of the 5%ers models, but I know they are credible and have their act together. The one thing all 3 have in common....they have all secured their own LPS and you trade on their server. So that is actually great news if TrueForex actually does this.
I agree. It's basically two things:
1. Showing that they have some level of commitment. If it was for a quick scam it wouldn't make sense to bother spending money investing on this. Doesn't prevent con artists but it's never a bad indication.
2. Allows them to verticalize the business in the sense of not being dependent upon third parties. In True forex it's not nice to see their replies on Discord, one after the other, saying that they reported problems to ICMarkets and nothing else can be done unless wait.
Quoting Capablanca
{quote} Good luck mate, keep us posted ! I'm running 8cap on a Funded Trader challenge but that MT5 and not MT4. Didn't notice anything so far (although I don't take many trades per day). The one really having frequent problems is the demo of ICMarkets which is used by True Forex. I read in Discord that they want to move to their own server.
Just confirmed with TrueForexFunds chat....they have their own server.
I will probably wait for them to iron out the growing pains, as FTMO and MFF both took a couple of months when making this move to have all of the bugs out, then may give them a go as a third option.
I finished basket report tool for check if its reliable funds companies and really i'm quite dissapointed with month performance. As i commented my idea was FTMO but after check reports just I will use private accounts. Then unfortunately I will not be able to share my experience trading with them in this thread. Anyway i will share some numbers for everybody can get an idea about differences.

I use a full basket ( 8 majors crosses / 28 pairs ). I have around 1000K pips DD as peak in 4 months. In a FTMO 100k account daily limit is 5K. My idea was set 50% of daily limit as max DD. I use EURUSD as pip value due is one of most expensive values. And its round number then its easier for an approximation.

I wil not discount FTMO fee in numbers. Then profit is lower really.

With a 2500 daily limit, biggest lot size is 0.25 per trade. 4 month profit is around 10K pips. Then month profit is around 2500 pips ( $6250 ). That is 6% per month of base balance.

If i use a private account ( 5K ) and i set 20% max DD I can use 0.1 lot size. Then profit is $2500. That is 50% per month.

And now how looks this in a 1 year compound calculator. Evidently month performance are lower if I dont use base balance as reference. But even being real month performance lower, as reference above numbers are fine for get an approximation.

Short history. You cant make much money due restrictions. Lot size for a 100k is ridiculous low. At least for auto systems
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Try don't lose pants never...
Quoting doji
I have a confession to make, people. Took a stab at FundedNext's 15k Eval (using RubelByrne's aff link) despite my misgivings about their broker, 8Cap. Well, I passed Phase 1 today after 14 days. Will update when I finish Phase 2 and get the real live account (not simulated, take note!) to trade. Btw, do those of you using 8Cap experience intermittent freezing of your MT4 platform?
Ive used 8Cap both demo and live on MT4 platform and have never experienced any freezing issues.

Most things I notice are wider than preferred spread(s) and recently not being able to trade on their live funded account due to 'off quotes' popping up on the raw feed symbols.

Waiting on a reply from 8Cap support or at least the Prop Firm.

Masterrmind ........
Master your Mind then Master your Trades
recently， i have decided to stop trade use myself funds. and search for an funded account . after i study on several pro firm , i found that , most of them maybe only care about your register fee/monthly fee . their low daily DD,high profit target and strict rules , limit 90% people loss to their challenge ,and lose their fee .even some provide 1:3 leverage and low funds , but ask for 10% monthly target , thats were disaster to trader or customer.

however , at last decided register on luxtradingfirm , its seems a little more normal , but we cant pay it outside uk. and bluefx seems running for ten years， but its to difficult to achieve its target . and finally , register at finotivefunding , but there is measl info on internet about this firm , after use it for 4 days , i feel that their customer service is bad, live chat cant on time for you and send their email also got noreply.

Now ,i hope they have credibility, and everything is fine. pray !
Quoting doji
I have a confession to make, people. Took a stab at FundedNext's 15k Eval (using RubelByrne's aff link) despite my misgivings about their broker, 8Cap. Well, I passed Phase 1 today after 14 days. Will update when I finish Phase 2 and get the real live account (not simulated, take note!) to trade. Btw, do those of you using 8Cap experience intermittent freezing of your MT4 platform?

Hi doji

Well done!

I was also thinking of trying their $15k account. Can you possibly post a screenshot of their spreads on Gold, and Indices?
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