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  • #8,341
  • Jun 2, 2022 1:39pm Jun 2, 2022 1:39pm
Quoting sampat
{quote} No address, no details of company. Not sure looks like people are developing prop firms out of WIX.
Yes, have to be careful. That's why I love this thread. We have so many eyes on these firms. Not only is this beneficial to us as traders, but it will allow the good firms to thrive and the scammers really shouldn't get any business at all.
  • #8,342
  • Jun 2, 2022 5:15pm Jun 2, 2022 5:15pm
Those who offer a challenge offer or instant funding with a score of less than 1 are all scammers, because they do a kind of robbery to all their potential customers who cannot or did not figure out their bad offer when comparing this to any compounding on their own broker doing the same challenge (max DD and profit goals) as proxy. That is why I made this kind of table sheet to show how good are the offers in real. A score below 1 just means you pay more what you get, that should be forbidden to offer that within a legitimate business. It is total unethical. It is the same robbery to give some $500 back for sure when the customer pays $1000, only in a hide mode.
A score of 5 mean simply that you get for your $500 fee as an example $2500 in value, that is good offer. But one has still to achieve the goals and make decent profits.
  • #8,343
  • Jun 2, 2022 7:08pm Jun 2, 2022 7:08pm
Quoting TrAndy1
Those who offer a challenge offer or instant funding with a score of less than 1 are all scammers, because they do a kind of robbery to all their potential customers who cannot or did not figure out their bad offer when comparing this to any compounding on their own broker doing the same challenge (max DD and profit goals) as proxy. That is why I made this kind of table sheet to show how good are the offers in real. A score below 1 just means you pay more what you get, that should be forbidden to offer that within a legitimate business. It is total...
Exactly. Those direct funding offers are legal scams. They are legal as they disclose the offer. The table you have created is invaluable as it clearly displays what you are getting for your money. It is 100% indisputable math.
  • #8,344
  • Jun 2, 2022 7:44pm Jun 2, 2022 7:44pm
Quoting TrAndy1
A score below 1 just means you pay more what you get, that should be forbidden to offer that within a legitimate business. It is total unethical.
-While I believe that the direct funding models are not worth it for me, personally, as there are better options available, I do think that there may be a place for them...for some people. For example, people that are not able to utilize local or offshore brokers for whatever reason, where trading or crypto is not legal etc.. If, on the other hand, a trader is able to have access to a broker with reasonable offerings, then it is usually not worth going with a direct funding model.
  • #8,345
  • Jun 2, 2022 7:51pm Jun 2, 2022 7:51pm
Quoting Nsak3y
{quote}-While I believe that the direct funding models are not worth it for me, personally, as there are better options available, I do think that there may be a place for them...for some people. For example, people that are not able to utilize local or offshore brokers for whatever reason, where trading or crypto is not legal etc.. If, on the other hand, a trader is able to have access to a broker with reasonable offerings, then it is usually not worth going with a direct funding model.
Especially for US and Canadians. But problem with direct funding model is they have shit leverage for example 5ers offers 1:6 which is like less than allowed leverage in regulated brokers. I can think of only MyFF accelerated where you have leverage and trade indices.
  • #8,346
  • Jun 3, 2022 12:46am Jun 3, 2022 12:46am
Quoting TrAndy1
Here is the latest update on discount codes, enjoy. {image}
Perhaps you could start adding more firms to this list, a list which coincides with Post 1.

In any case, how would you rank Forex Prop Firm in terms of the instant funding via Golden Option Trading ?

ps. in reference to the ranking table you previously provided not so much the discount table, although both tables are very useful.

pps. if you are happy to continue updating tables, I am happy to post them to the first post, ongoing.

Masterrmind ..............
Master your Mind then Master your Trades
  • #8,347
  • Jun 3, 2022 3:20am Jun 3, 2022 3:20am
The Funded Trading has not improved much in the funded accounts credentials process.

Quote
Please be advised, your funded account will have trading disabled until your KYC has been verified as well as your agreement being signed. Once those documents are in, your funded account will be enabled within 9 business days! Please keep in mind that Standard Challenge Funded Accounts are currently only being sent out on Sundays before the London session.

It happened already in the past. They only send on Sundays (or if they send before the account is not enabled and becomes active only on Sunday night).

It doesn't seem difficult to improve such a thing.
  • #8,348
  • Jun 3, 2022 11:19am Jun 3, 2022 11:19am
Quoting Capablanca
I had already alerted for this in some past posts but just wanted to let you know know that I initiate a charge back against The Trading Capital. They're definitely a scam, not responding to emails for more than a month now and the chat in the site is just a mockup, not working. You can check in Trust Pilot the most recent reviews, mainly from verified users. Exactly the same experience than mine.
An update: I opened a dispute in Paypal and got refunded. They have not responded.
Officially scammers.
  • #8,349
  • Jun 3, 2022 12:25pm Jun 3, 2022 12:25pm
Quoting Nsak3y
It could be wrong, and just has not been updated properly to reflect the recent changes. Lot size limits depend on the broker being used. Before, they offered more than one. They recently switched to 8-cap. Not sure if traders were allowed to keep trading with their original choice.
Maybe someone is reading this topic because today is already corrected.
  • #8,350
  • Jun 3, 2022 12:50pm Jun 3, 2022 12:50pm
Quoting pipmaster77
{quote} Phase 2 credentials arrived an hour ago. Smooth process so far. I also observed account number is 800 higher than phase 1 credentials. So 800 new sign ups, phase 2 accounts and funded accounts in 24 hours.. I believe these guys are going to be relevant.
Passed phase 2 Wednesday. Received an email Thursday with certificate and instructions to upload docs. Funded credentials arrived 3 am EST, so plenty of time to actually trade today. Happy with TFF, everything seems automated and seamless. For those that have had payouts, are you using deel, crypto or bank transfer?
I was doing USDC with MFF but recently opened a deel account. Does TFF hit you with any fees on withdrawals?
  • #8,351
  • Jun 3, 2022 1:02pm Jun 3, 2022 1:02pm
Quoting pipmaster77
{quote} Passed phase 2 Wednesday. Received an email Thursday with certificate and instructions to upload docs. Funded credentials arrived 3 am EST, so plenty of time to actually trade today. Happy with TFF, everything seems automated and seamless. For those that have had payouts, are you using deel, crypto or bank transfer? I was doing USDC with MFF but recently opened a deel account. Does TFF hit you with any fees on withdrawals?
MyFF abandoned USDC. Now you can only use BTC, ETH, LTH and deel
  • #8,352
  • Jun 3, 2022 1:28pm Jun 3, 2022 1:28pm
Quoting sampat
{quote} MyFF abandoned USDC. Now you can only use BTC, ETH, LTH and deel
Yes, that was why I opened the deel account. I just don't trust the volatility of the cryptos. I always use USDC and Tether (with other brokers).
  • #8,353
  • Jun 3, 2022 1:32pm Jun 3, 2022 1:32pm
Hi,
have been watching the first post with the tables and lists. I'm a silent reader here.
A big thanks to all of the contributing members. This is a gem!

Best
Chriss
  • #8,354
  • Jun 3, 2022 3:55pm Jun 3, 2022 3:55pm
Quoting sampat
{quote} MyFF abandoned USDC. Now you can only use BTC, ETH, LTH and deel
Ouch ! That's really a bad move. I always received the payouts of MFF in USDC.
Thanks for the info.
  • #8,355
  • Jun 3, 2022 4:33pm Jun 3, 2022 4:33pm
Quoting Capablanca
{quote} Ouch ! That's really a bad move. I always received the payouts of MFF in USDC. Thanks for the info.
Deel is way better as it is faster (MyFF says they have limit of crypto sent out per day) plus you can use transferwise directly for free.
If you set your settings to automatic withdraw, you dont even need to login to deel. it goes directly to your wise account.
  • #8,356
  • Jun 4, 2022 3:29am Jun 4, 2022 3:29am
Quoting sampat
{quote} Deel is way better as it is faster (MyFF says they have limit of crypto sent out per day) plus you can use transferwise directly for free. If you set your settings to automatic withdraw, you dont even need to login to deel. it goes directly to your wise account.
I know Deel from TFF (and also the old Funding Talent). Yes, it's pretty efficient and, besides Wise, transfers to Revolut are also free.
Didn't know about that option of automatic withdraw. Thanks.
Nevertheless receiving crypto in a wallet may be interesting for other reasons, like taxes for example...
  • #8,357
  • Edited 9:43am Jun 4, 2022 7:14am | Edited 9:43am
Here is a full list from every prop firm I could get the relevant data for its score, which express the value in multiple times you get for the fee. Trading conditions are not considered and any payout proofs from past. There must be more research be done if particular prop firm does payouts without any issues or too many hidden rules.

Full list of prop firm offers decrypted
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  • #8,358
  • Edited 9:43am Jun 4, 2022 8:12am | Edited 9:43am
In terms of payout proofs and not too many hidden rules with also the relevant score being at least as high as at FTMO level, which is 3.1 and still the gold standard of any prop firm, they are only 10 prop firms left. I put them together in an extra ranking table below. These are the only props which need to be considered in my opinion.

My selective list of the ranking of prop firms
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  • #8,359
  • Edited 3:09pm Jun 4, 2022 9:13am | Edited 3:09pm
My narrowed down priority list

For me my priority is still the same after reviewing all the prop firms offers and its scores. It is TFF, FTMO, MFF & E8 in that order. The Funded Trader and Finotive Trading also looks interesting at the first glance but they have problems with copy trading, which is essential for me when having so many accounts. On Blue Guardian Capital I do not like that many hidden rules they have to continue looking them any further. The other offers are not that attractive to me when I look at their scores.
The 4 prop firms also have their own servers. MFF comes in third place only because of its bad&slow customer service & worse spreads+fills compared to FTMO and TFF.
It is up to you, take what you want. The full list is a starting point, the selective ranking list is considering the more serious offer in a first kind of research and analysis.
I must admit that in my priority list I considered trading conditions like spreads for me as daytrader and hidden rules too, which is of course in its nature bit subjective.
  • #8,360
  • Jun 4, 2022 9:22am Jun 4, 2022 9:22am
Quoting TrAndy1
In terms of payout proofs and not too many hidden rules with also the relevant score being at least as high as at FTMO level, which is 3.1 and still the gold standard of any prop firm, they are only 10 prop firms left. I put them together in an extra ranking table below. These are the only props which need to be considered in my opinion. {image}
Excellent. This is exactly what I meant in my post earlier this week. If anyone considering prop firm visits this thread, they should ALWAYS get good value for their money, NEVER be scammed and NEVER, NEVER, NEVER be fooled by direct funding. As one can clearly see, ALL DIRECT FUNDING has a score of under 1. In addition to the chart, the FIRST HAND experiences of trading conditions and firms that pay SHOULD lead a trader to the 3-4, maybe 5 firms to use.
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