Prop Firm Hub | Page 431 | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #8,601
  • Jun 19, 2022 6:27pm Jun 19, 2022 6:27pm
Quoting Takisd
{quote} The MFF discord is about as honest as a politician. Almost every single time I go in there and see some dude complaining it turns out they are either a) incredibly stupid or b) doing the wrong thing and trying to gather an audience to get what they want i.e blackmail. During my entire health ordeal I didnt login there for the reason it is infuriating reading the level of incompetence and stupidity. Add to that the entitlement of these young, ambitious traders who don't actually know what forex is and you have the discords attached to the...
But everyone knows Tik Tok is the world's largest online hub for professional forex traders.
Pride always comes before destruction.... -Proverbs 16:18
  • #8,602
  • Jun 19, 2022 7:29pm Jun 19, 2022 7:29pm
Quoting sampat
Here is the catch. Unless you go all in single trade you can't possibly violate daily rule.
-You can with indices if you are not using a stop-loss.
  • #8,603
  • Jun 19, 2022 7:48pm Jun 19, 2022 7:48pm
Quoting Nsak3y
{quote}-You can with indices if you are not using a stop-loss.
Yea but still how much is all in is upto them. Even if DOW moves 5% and hits traders stop loss that will be considered as all in.
Unless anything is on paper its difficult to judge. Also why they want to keep profits, FTMO returns profit if you breach and stay in profit.
  • #8,604
  • Jun 19, 2022 9:38pm Jun 19, 2022 9:38pm
I would assume that all-in would be using maximum leverage to the point that no additional positions could be opened. And I agree that MFF would benefit more by paying out all trader profits that are owed and looking for alternative ways to ensure that traders are respecting their capital.
  • #8,605
  • Jun 19, 2022 9:51pm Jun 19, 2022 9:51pm
Quoting Lata44
{quote} Because myforexfunds.com hired as slaves . Just read myorexund rules and ask the question : Myorexfund Do you allow no SL? - Stop Loss is not required. Myforexfund do you use my split profits in any way or do i as and idependent trader must pay for losses? No. We are responsible for the funding and liable for the losses in your trading account. Our traders will not be charged as a result of losing capital . But you worked for 30 days and your about to ask for payout ,your fail and breach the daily limit. Now myforexfund will tell you. Do...
Sorry, are you experiencing something like navk -
Quoting navk
{quote} MFF : I do evaluation only. Once when I violoted daily loss limit, my account balance and equity was more than 100k. And the trades by which I violoted all had stop loss in place. ( It is only the trades by which the daily loss limit got violated had stop loss, trades prior to that ....some had stops and some not : I traded more than 10 days. Mr. Kane refused to pay. I asked for reasons, but not replied. And in my view, because of this reason, I put down myforexfunds rating, for sure. Hope Mr. Yavuz from MFF reads this and takes suitable action.
  • #8,606
  • Jun 19, 2022 11:09pm Jun 19, 2022 11:09pm
I dont care for what happened to me with MFF due to payment failure from them by some stupid rules which is unethical.

But, I guarantee that, i will collect more money from them in the future by doing more evaluations.

And today is another important day for me with True forexfunds.

I passed phase 2 evaluation in 2 days, in less than 18 hrs of trading. Friday NY hours + Today 5 hrs.

I am trying to master this aspect of trading to collect money from every Prop firm.

ha...ha...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-06-20 092217.png Size: 27 KB
Intraday only.
  • #8,607
  • Jun 20, 2022 12:22am Jun 20, 2022 12:22am
Quoting navk
I dont care for what happened to me with MFF due to payment failure from them by some stupid rules which is unethical. But, I guarantee that, i will collect more money from them in the future by doing more evaluations. And today is another important day for me with True forexfunds. I passed phase 2 evaluation in 2 days, in less than 18 hrs of trading. Friday NY hours + Today 5 hrs. I am trying to master this aspect of trading to collect money from every Prop firm. ha...ha... {image}
Do you still have live account/s with MFF?
  • #8,608
  • Edited 1:02am Jun 20, 2022 12:51am | Edited 1:02am
Quoting mixedbags
{quote} Do you still have live account/s with MFF?
I had 2 funded accounts.

One was violated some weeks ago.

This one was going well for me.

After daily loss violation, I had good balance but the stupid rules ( and unethical rules ) by MFF made me to suffer.

But as I said, I do not bother.

God is great. I won another 100 k account from true forex funds within 3 days.

I will go hard at MFF in the future and swindle more money from them.

Trust me.

This payment failure by MFF made me more stronger than ever.
Intraday only.
  • #8,609
  • Jun 20, 2022 1:15am Jun 20, 2022 1:15am
Quoting navk
I dont care for what happened to me with MFF due to payment failure from them by some stupid rules which is unethical. But, I guarantee that, i will collect more money from them in the future by doing more evaluations. And today is another important day for me with True forexfunds. I passed phase 2 evaluation in 2 days, in less than 18 hrs of trading. Friday NY hours + Today 5 hrs. I am trying to master this aspect of trading to collect money from every Prop firm. ha...ha... {image}
Navk , you are just a poor failed trader.
You keep burning accounts: I bet you will lose this new account too within a few days.
You keep complaining to Prop Firms , you don't accept the rules , you are undisciplined, you are a poor amateur.
You've written over 13,000 posts : what's going on with you ? Verbal diarrhea ? But by now no FF serious member believes your words .
If you don't accept the rules, don't use Prop Firms.
  • #8,610
  • Jun 20, 2022 1:17am Jun 20, 2022 1:17am
Quoting franz
{quote} Navk , you are just a poor failed trader. You keep burning accounts: I bet you will lose this new account too within a few days. You keep complaining to Prop Firms , you don't accept the rules , you are undisciplined, you are a poor amateur. You've written over 13,000 posts : what's going on with you ? Verbal diarrhea ? But by now no FF serious member believes your words . If you don't accept the rules, don't use Prop Firms.
if the rules are unethical ?

It is their firm, they can have whatever rules they wish.

Do you wish to go with unethical rules ?

As some one said, it is like refusing pay cheque after contract termination.

Is this ethical in your country of living ?
Intraday only.
  • #8,611
  • Jun 20, 2022 1:23am Jun 20, 2022 1:23am
Quoting navk
{quote} if the rules are unethical ? It is their firm, they can have whatever rules they wish. Do you wish to go with unethical rules ? As some one said, it is like refusing pay cheque after contract termination. Is this ethical in your country of living ?
And who decides if the rules are ethical? You ?
Who are you, God?
  • #8,612
  • Jun 20, 2022 1:23am Jun 20, 2022 1:23am
there are two ways to deal with such firms.

Trade smarter and kill such unethical rules.

Or

Stay away from them.
Intraday only.
  • #8,613
  • Edited 1:40am Jun 20, 2022 1:24am | Edited 1:40am
Quoting franz
{quote} And who decides if the rules are ethical? You ? Who are you, God?
I have war of words with a firm who is unethical. Not with you.

Trade smarter and have your own rules trade with different firms.

There are some...firms really good. They do not deny payouts.

There is one unethical firm atleast, i found. Here too trade smarter. Think smarter. Why they have such rules which denies payout ?
Intraday only.
  • #8,614
  • Jun 20, 2022 6:08am Jun 20, 2022 6:08am
Quoting Lata44
{quote} Because myforexfunds.com hired as slaves . Just read myorexund rules and ask the question : Myorexfund Do you allow no SL? - Stop Loss is not required. Myforexfund do you use my split profits in any way or do i as and idependent trader must pay for losses? No. We are responsible for the funding and liable for the losses in your trading account. Our traders will not be charged as a result of losing capital . But you worked for 30 days and your about to ask for payout ,your fail and breach the daily limit. Now myforexfund will tell you. Do...

I don't think I have ever seen a dumber post in this thread.
  • #8,615
  • Jun 20, 2022 7:39am Jun 20, 2022 7:39am
Quoting Takisd
{quote} I don't think I have ever seen a dumber post in this thread.
Yes, pretty comical. I know most are not going to agree on my view here, but daily max loss IS A RULE. If you violate it, account is terminated. Stop loss IS NOT A RULE. They give you the flexibility to use one or not use one as you wish. If they REQUIRED a stop loss, it would be a rule. MAX DAILY LOSS is a cut and dry rule, stop loss is up to you. Here is the deal......MFF does not require a stop loss UNLESS you are an all-in type of trader, and you expect to be paid if YOU BREAK A RULE, and yes MFF does cover your losses, has anyone ever paid for a losing trade? Not paying profits after you violate a rule does not constitute YOU PAYING FOR LOSSES. I've stated this a million times..........DON'T BE ALL IN!!!!!!!!! Folks that are never all-in also don't ever seem to be posting about being scammed. I see 100% correlation with this.
  • #8,616
  • Jun 20, 2022 8:32am Jun 20, 2022 8:32am
Quoting pipmaster77
{quote} Yes, pretty comical. I know most are not going to agree on my view here, but daily max loss IS A RULE. If you violate it, account is terminated. Stop loss IS NOT A RULE. They give you the flexibility to use one or not use one as you wish. If they REQUIRED a stop loss, it would be a rule. MAX DAILY LOSS is a cut and dry rule, stop loss is up to you. Here is the deal......MFF does not require a stop loss UNLESS you are an all-in type of trader, and you expect to be paid if YOU BREAK A RULE, and yes MFF does cover your losses, has anyone ever...

My issue with his post is comparing a prop trading opportunity to slavery... It really degrades those who have actually been a victim of slavery or are impacted by what slavery has done to their ancestors.

If he is crying because he broke the rules its just another entitled kid on the internet, but to go as low as comparing a prop trading program to slavery, extremely ignorant.
  • #8,617
  • Jun 20, 2022 8:43am Jun 20, 2022 8:43am
Quoting Takisd
{quote} My issue with his post is comparing a prop trading opportunity to slavery... It really degrades those who have actually been a victim of slavery or are impacted by what slavery has done to their ancestors. If he is crying because he broke the rules its just another entitled kid on the internet, but to go as low as comparing a prop trading program to slavery, extremely ignorant.
Yes, absolutely horrible post in many, many ways. Comical was simply my way of stating how ridiculous the comparison was.
  • #8,618
  • Jun 20, 2022 8:47am Jun 20, 2022 8:47am
As far as daily DD goes, we all know, in reality, every 100K in prop money is like trading a 8-9K personal account. The 100K is irrelevant, it's the DD * the split. So, in essence, if you had an 8-9K personal account, you would allow a 5K loss in a day? More than half your equity? What trader would do this? Obviously the same ones passing the challenges in a day or two. Not a sustainable risk management system. If it was, throw a grand in a personal account and flip it every two days. You won't be needing prop firms or their rules.
  • #8,619
  • Jun 20, 2022 8:57am Jun 20, 2022 8:57am
If someone is interested in the payout rule of Funded Next after violation: (I have no experience with them, just saw this in Discord)
Attached Image (click to enlarge)
Click to Enlarge Name: announcement.jpeg Size: 1.1 MB
  • #8,620
  • Jun 20, 2022 9:05am Jun 20, 2022 9:05am
Quoting navk
I dont care for what happened to me with MFF due to payment failure from them by some stupid rules which is unethical. But, I guarantee that, i will collect more money from them in the future by doing more evaluations. And today is another important day for me with True forexfunds. I passed phase 2 evaluation in 2 days, in less than 18 hrs of trading. Friday NY hours + Today 5 hrs. I am trying to master this aspect of trading to collect money from every Prop firm. ha...ha... {image}
The KYC verification done so quickly.

Am now waiting for funded account credentials, and of course 14 day period.

Intraday only.
121 traders viewing now