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  • #8,401
  • Jun 7, 2022 3:05am Jun 7, 2022 3:05am
Quoting KoyaAndy18
is https://elitetraderfunding.com/ legit?
Added them to Post 1.

No comments yet since I've just brushed over their website.

As mentioned above a trailing DD and a monthly fee is right in the middle of nasty territory.

However, it looks like they have maybe 3 different models available although I stand to be corrected.

NinjaTrader platform though which is great.

Due diligence traders.

Masterrmind ...........
Master your Mind then Master your Trades
  • #8,402
  • Jun 7, 2022 4:58am Jun 7, 2022 4:58am
Quoting Fagin
Hopefully they will come up with something that is more of a win/win to trader and them. I keep giving the the benefit of the doubt (probably because they have good branding and marketing, though..) although they don't seem to be able to offer a package that is fair and simple, I do wonder if they really want traders on the book or just the trader's fee...
-I personally think that the offer is pretty good, especially considering that you get 100% of the profits and you do not have to deal with a trailing/daily draw-down. That being said, since they do not offer indices yet, and, since their scaling plan is not what I remember it to be, it just wasn't worth the effort for me to grind it out and restrict my trading so much due to their lot size ranges and all of that nonsense. I would actually be willing to revisit it again later on, especially if they offered a bigger account size, smaller trade number requirement or loosening of lot size criteria etc..

Ultimately, I think that one of the longer-term keys to success for these types of firms is their willingness (and ability) to allow traders the freedom to trade how they choose. Most of the firms are getting it wrong by adding so many rules and restrictions. Just my opinion.
  • #8,403
  • Jun 7, 2022 6:38am Jun 7, 2022 6:38am
The new 300k challenge offer of MFF is even better with a score of 7.4 now.
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  • #8,404
  • Jun 7, 2022 7:05am Jun 7, 2022 7:05am
Here is my updated selective ranking table of prop firm offers with their challenges and its scores. From those one should choose. TPT with score 4.0 added here too. Enjoy.
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  • #8,405
  • Jun 7, 2022 10:48am Jun 7, 2022 10:48am
thank you sir. do u have a ranking for cheaper / lower end evaluations?
  • #8,406
  • Edited 12:32pm Jun 7, 2022 12:20pm | Edited 12:32pm
Quoting KoyaAndy18
thank you sir. do u have a ranking for cheaper / lower end evaluations?
No, but this is a good orientation. If the offer is for lower challenges a bit more expensive than the value gets a bit less, but should be in that region.
I did not look for 10k challenges if you mean that. The value is far less what you get the prices are relative much more expensive. Maybe then you should look at MFF.
You can also calculate yourself, it is simple math. The formula I also provided here already. So nothing special to do it on your own and compare other offers.
  • #8,407
  • Jun 7, 2022 12:23pm Jun 7, 2022 12:23pm
Anybody else get no discount from fxpropreviews for TrueForexFunds ?

They say :'We offer cashback only for the first purchase so you need to register again with our link and your new email.'

But a new registered email is not allowed and one is risking to get no payout. They same is also with other props, usually you cannot register with different emails under the same name. So only for the first time you get a discount on TFF only ? If there is no discount then their score gets lower to 4.5, which is still good but less.
  • #8,408
  • Jun 7, 2022 12:59pm Jun 7, 2022 12:59pm
Quoting TrAndy1
Anybody else get no discount from fxpropreviews for TrueForexFunds ? They say :'We offer cashback only for the first purchase so you need to register again with our link and your new email.' But a new registered email is not allowed and one is risking to get no payout. They same is also with other props, usually you cannot register with different emails under the same name. So only for the first time you get a discount on TFF only ? If there is no discount then their score gets lower to 4.5, which is still good but less.
That's correct. I got no discount in a recent challenge because of what you explained.
  • #8,409
  • Jun 7, 2022 1:56pm Jun 7, 2022 1:56pm
Quoting Capablanca
{quote} That's correct. I got no discount in a recent challenge because of what you explained.
Do you know is that on all cashback offers where there is only a link, or is just TFF with their first time discount ?
  • #8,410
  • Jun 7, 2022 3:49pm Jun 7, 2022 3:49pm
The support of Finotive Funding is not good. After several days I still got no answer at all. Even not a confirmation e-mail, nothing.
  • #8,411
  • Edited 5:22pm Jun 7, 2022 4:43pm | Edited 5:22pm
Updated the selective ranking table again. It is neccessary because cashback links for discount code are only valid for first time, but still not confirmed here too, if this is also the case for TopTierTrader. Second, the 95% profit split for Finotive Funding is only at much later stage when funded and then scaled. But the scaling offer is not attractive, own compounding is over 3 times more valuable than their scaling offer. So the profit split stays at 75%, but+5% with the discount coupon so it is 80%.
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  • #8,412
  • Jun 7, 2022 5:05pm Jun 7, 2022 5:05pm
From all the better offers I made a selection of smaller challenges with their scores calculated. The scores get less attractive but some are still good for small money.

Selective Ranking table for small prices & challenges
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  • #8,413
  • Jun 7, 2022 5:28pm Jun 7, 2022 5:28pm
Not quite sure about Blue Guardian Capital, do they really make payouts ? Anyone have experiences with them ? Because there are some negative reviews on trustpilot.
  • #8,414
  • Jun 7, 2022 9:52pm Jun 7, 2022 9:52pm
again i appreciate the time you are making this man. i saved the first one, id save a copy of that table too! much love.
  • #8,415
  • Jun 8, 2022 12:33am Jun 8, 2022 12:33am
Quoting Masterrmind
{quote} Do not fool yourself into thinking that by applying 0.5% risk that the account cannot blow up. I have seen a TE of a trader doing an FTMO challenge that applied 0.5% risk consistently and whilst he passed Phase 1 he failed Phase 2 due consecutive losing streak. You have to have an edge plus risk control plus luck in the challenges. Masterrmind ..........

I get your point but my system has over 1600 trades manually traded in live markets over 4 years. Anything can happen in the future but based on my max losing streak + win rate over that period, unless there is a black swan event, I feel pretty confident I would not get anywhere close to blowing an account @ that risk %.
  • #8,416
  • Jun 8, 2022 12:35am Jun 8, 2022 12:35am
Quoting TrAndy1
{quote} Do you know is that on all cashback offers where there is only a link, or is just TFF with their first time discount ?
I can't confirm that because on those with a link I didn't purchase any challenge recently (or didn't purchase at all).
Only purchased in TFF but without using any discount because I found the same thing than you (I would have to create new account, new email, etc.)
  • #8,417
  • Jun 8, 2022 12:50am Jun 8, 2022 12:50am
Quoting CableJ
{quote} I get your point but my system has over 1600 trades manually traded in live markets over 4 years. Anything can happen in the future but based on my max losing streak + win rate over that period, unless there is a black swan event, I feel pretty confident I would not get anywhere close to blowing an account @ that risk %.
Very true, no one knows the future.

Nice sample size by the way and mated to a very nice length of time.

Reason enough to be confident.

Masterrmind ............
Master your Mind then Master your Trades
  • #8,418
  • Jun 8, 2022 3:14am Jun 8, 2022 3:14am
Confirmed that first time discount is ONLY for TFF and not other prop. So I updated the selective rank table again. This should be final selective rank for the next time.
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  • #8,419
  • Jun 8, 2022 3:55am Jun 8, 2022 3:55am
Just to mention it for clarifying. The scores are proportional in relation to each other. That means score of 7.4 at MFF is more than double good as score of FTMO with 3.1. That means you can buy two challenges at MFF in comparison to FTMO and fail one on MFF and you are still better with the offer of MFF because of its high score.
  • #8,420
  • Jun 8, 2022 6:05am Jun 8, 2022 6:05am
Quoting CableJ
{quote} I get your point but my system has over 1600 trades manually traded in live markets over 4 years. Anything can happen in the future but based on my max losing streak + win rate over that period, unless there is a black swan event, I feel pretty confident I would not get anywhere close to blowing an account @ that risk %.
That is a valid number of trades. Could you tell me what is your netprofit to max. drawdown ratio per year ? And how much do you make per average trade per 1 lot ?
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