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Pay $250 for a $2500 account to trade

  • #1
  • First Post: Jun 13, 2022 10:41am Jun 13, 2022 10:41am
So I have seen some of these firms that are doing this, they have very strict trading rules.
What are these firms called? I am looking for a firms like these.

and I do not mean leverage.
Thanks
LOVE
  • #2
  • Jun 14, 2022 7:52am Jun 14, 2022 7:52am
You talking about retail prop firms.

I'd start reading here.

https://www.forexfactory.com/thread/...-prop-firm-hub

This thread is full of all the info you need to learn more about retail prop trading firms.
Truth is like poetry. And most people f*cking hate poetry.
  • #3
  • Jun 14, 2022 9:35am Jun 14, 2022 9:35am
There is something called TopStep Trader. I think they have free combines every so often, know they added MT4 and FX. *You have to be VERY careful not to violate their rules, it's SLIGHTLY INSANE... or you get disqualified. And if you did get through to actual funding from them, you can still get dropped if you violate their rules. So I suppose also you could/would/should program stuff to automatically close you and to follow the risk management they want, restrict it if you would be in violation of their rules (you basically have to program your own risk dept. haha)

Yeah I'd personally say work a job, automate your stuff, and try to do the free combine at the same time.

My guess is... and FX trading is DIFFICULT... that like 99% of people will just wash out. I'm slightly better than breakeven. But the risk/drawdowns are decent size (15-20%), I am in the learning phase.

For me at least, I need to automate everything. Because otherwise it is all so random, and I intervene too much, when it should be like trying to make money on coin flips where I have great expected value (use probability over long term)... the better and more experience I get, the more I realize it needs to be just left alone. Ha. And it's like an unglamorous "hunting"/"fishing"/waiting game, where most of the time you do jack..
  • #4
  • Jun 14, 2022 11:10am Jun 14, 2022 11:10am
I would recomend Myforexfunds, Only Drawdown rules so its plain simple and cheaper prices than the futures market (starts from $50)

NO MONTHLY FEES

Use this link to get a 5% discount on any challenge you choose
https://myforexfunds.com/?wpam_id=95482

AG
SDTAG
  • #5
  • Jun 15, 2022 3:06am Jun 15, 2022 3:06am
Quoting Sdtag
I would recomend Myforexfunds, Only Drawdown rules so its plain simple and cheaper prices than the futures market (starts from $50) NO MONTHLY FEES Use this link to get a 5% discount on any challenge you choose https://myforexfunds.com/?wpam_id=95482 AG
not sure that affiliate link is allowable here, unless its on the COMMERCIAL section?
  • #6
  • Jun 15, 2022 3:10am Jun 15, 2022 3:10am
Quoting Nightowl96
So I have seen some of these firms that are doing this, they have very strict trading rules. What are these firms called? I am looking for a firms like these. and I do not mean leverage. Thanks
There are a lot of prop firm, i never tried one, but a lot of traders tell me that FTMO is the best.
My entire life in one sentence: it didn't go as planned, and that's ok.
Random Scalper All Time Return: 8.9%
  • #7
  • Jun 15, 2022 7:06am Jun 15, 2022 7:06am
Quoting KnifeS2
{quote} There are a lot of prop firm, i never tried one, but a lot of traders tell me that FTMO is the best.
Not anymore, MFF is way better at the present moment
SDTAG
  • #8
  • Jun 15, 2022 9:36am Jun 15, 2022 9:36am
Quoting Sdtag
{quote} Not anymore, MFF is way better at the present moment
I do not know anyone that is funded with MFF, so i can not say anything about them.
My entire life in one sentence: it didn't go as planned, and that's ok.
Random Scalper All Time Return: 8.9%
  • #9
  • Jun 15, 2022 9:59am Jun 15, 2022 9:59am
Quoting KnifeS2
{quote} I do not know anyone that is funded with MFF, so i can not say anything about them.
I am funded with MFF. i don't know what the original question was but my brutal honest opinions on MFF are: They are as streamlined as FTMO, as far as going through phase 1/2 through to funded live. Their support is OKAY, at peak times it can take hours to reach support. Lastly and most importantly, their market conditions are AVERAGE, they have not got great market conditions i am one of the few people who will admit that. I will try to find a SS of a MFF wick that did not show on any other retail broker data, so you can see for yourself what it CAN be like.


MFF is the bottom picture. MFF did not take responsibility of that wick and said it was a normal market.
Attached Image (click to enlarge)
Click to Enlarge Name: dif.PNG Size: 35 KB
Seeking Fair Value
  • #10
  • Jun 15, 2022 11:31am Jun 15, 2022 11:31am
Quoting makingmoves
{quote} I am funded with MFF. i don't know what the original question was but my brutal honest opinions on MFF are: They are as streamlined as FTMO, as far as going through phase 1/2 through to funded live. Their support is OKAY, at peak times it can take hours to reach support. Lastly and most importantly, their market conditions are AVERAGE, they have not got great market conditions i am one of the few people who will admit that. I will try to find a SS of a MFF wick that did not show on any other retail broker data, so you can see for yourself...
that`s pretty ugly, I only trade at the NY open nasdaq, dow, gold and oil, and they do well during this time of the day, I had FTMO as well and compared them and they are worst than MFF...

Just my experience
SDTAG
  • #11
  • Jun 15, 2022 11:35am Jun 15, 2022 11:35am
Quoting makingmoves
{quote} MFF is the bottom picture. MFF did not take responsibility of that wick and said it was a normal market. {image}
Hi makingmoves
What was that pair and what time ?
  • #12
  • Jun 15, 2022 2:26pm Jun 15, 2022 2:26pm
Quoting makingmoves
{quote} I am funded with MFF. i don't know what the original question was but my brutal honest opinions on MFF are: They are as streamlined as FTMO, as far as going through phase 1/2 through to funded live. Their support is OKAY, at peak times it can take hours to reach support. Lastly and most importantly, their market conditions are AVERAGE, they have not got great market conditions i am one of the few people who will admit that. I will try to find a SS of a MFF wick that did not show on any other retail broker data, so you can see for yourself...
That is an insane wick
My entire life in one sentence: it didn't go as planned, and that's ok.
Random Scalper All Time Return: 8.9%
  • #13
  • Last Post: Jun 16, 2022 3:58am Jun 16, 2022 3:58am
Quoting Feelas
{quote} Hi makingmoves What was that pair and what time ?
EURAUD 16/02/2022 at market rollover i believe.
Seeking Fair Value
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