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Anyone trading with a Prop firm 2 replies

prop firm new model - my trading journey 869 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

pdate on DITTO,


Traded for 2.5 months , the trading environment is good, but now facing a delay when I try to withdraw the fund . more than 1 week still not done, informed that they are facing issue with skrill payment . dissapointing
Fundednext is so funny, they basically abandoned their company for eid. People have been waiting weeks to have their accounts reinstated and various other technical issues. I doubt much from them is real especially after the trustpilot catch
What does an 18% pass rate say to you ? Earn2Trade profit target is more difficult to achieve than most others like MFF e.g.. So much more pros trading futures or ... ?
If 18% pass rate is correct than MFF offer of score 6.9 could ruin them ? So only more pros need to trade on props and what are they doing then ... inreasing fees ?
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Just to mention E2T has frequent good discounts. With the actual 40% discount you can start with $90, so score is 5.2, which means it is exactly the passing rate. So they do not earn anything from challenge fees here is my suggestion. How do they make money then, by copying only in their live accounts or what do you think ?
Just to be clear I would not ever choose a futures funding prop firm (because of trailing DD and not so good score). So E2T statistics here is only a point for discussion.
Earn2Trade does not have a time limit for challenge like MFF. You can trade any long till you pass. But they charge a monthly fee. Their profit target is 200%. So those who passed Earn2Trade challenge pay a lot more than MFF.
Quoting inversio
pdate on DITTO, Traded for 2.5 months , the trading environment is good, but now facing a delay when I try to withdraw the fund . more than 1 week still not done, informed that they are facing issue with skrill payment . dissapointing

That's too bad. Hope you'll get it ironed out eventually.

Got an e-mail saying ditto.trade will be merging with another broker and will be re-branded. I wonder, though, if the original concept for the site will still push through.
Amor Fati--F. Nietzsche
Quoting doji
{quote} That's too bad. Hope you'll get it ironed out eventually. Got an e-mail saying ditto.trade will be merging with another broker and will be re-branded. I wonder, though, if the original concept for the site will still push through.

yes they mailed aboult this for last 3-4 weeks, already chamged their trader server but no changes on the site, which they mentioned that they will come up with new idea. no idea how long they will take to clear the withdrwal. using Ukraine war issue to hide their flaws in every matter become their habbit.
Quoting TrAndy1
What does an 18% pass rate say to you ? Earn2Trade profit target is more difficult to achieve than most others like MFF e.g.. So much more pros trading futures or ... ? If 18% pass rate is correct than MFF offer of score 6.9 could ruin them ? So only more pros need to trade on props and what are they doing then ... inreasing fees ? {image} Just to mention E2T has frequent good discounts. With the actual 40% discount you can start with $90, so score is 5.2, which means it is exactly the passing rate. So they do not earn anything from challenge fees...
Just a warning for non US customers.
Long time ago I looked into them because they have futures but I gave gave up because of the involved bureaucracy.
One would have to get a ITIN and have some kind of annual tax report. Maybe it's easy but that would force me to dig into what is that, report obligations and so on.
When I looked into it I realized that this was not the usual standard procedure of W-8 BEN in brokers.
https://help.earn2trade.com/en/artic...ill-get-funded
Quoting TrAndy1
What does an 18% pass rate say to you ? Earn2Trade profit target is more difficult to achieve than most others like MFF e.g.. So much more pros trading futures or ... ? If 18% pass rate is correct than MFF offer of score 6.9 could ruin them ? So only more pros need to trade on props and what are they doing then ... inreasing fees ? {image} Just to mention E2T has frequent good discounts. With the actual 40% discount you can start with $90, so score is 5.2, which means it is exactly the passing rate. So they do not earn anything from challenge fees...

18% pass rate on futures is extremely high. Futures in general are way harder to trade due to you having to know more about how liquidity works than in spot/retail fx. It is more likely the pass rate in a futures firm is 1% or less if they offer a paid evaluation model like the retail fx prop firms.

I can imagine MFF's traders trying to trade using the ladder..... omg it would be worthy of reality tv.
After disagreement with MFF regarding 50 % payout on violated funded account, I kept quiet with MFF and trading only TFF.

Today, I decided to sign up with MFF.

Passed stage 1 in roughly 3 hrs.

Have to trade 0.01 for next 4 days to complete mandatory 5 trading days.
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Intraday only.
Quoting navk
After disagreement with MFF regarding 50 % payout on violated funded account, I kept quiet with MFF and trading only TFF. Today, I decided to sign up with MFF. Passed stage 1 in roughly 3 hrs. Have to trade 0.01 for next 4 days to complete mandatory 5 trading days. {image}

Put a stop on all your trades even if the stop is ridiculous, when you reach live. You can even script it if you want. You wont face the same problem again.
Quoting Takisd
{quote} Put a stop on all your trades even if the stop is ridiculous, when you reach live. You can even script it if you want. You wont face the same problem again.
yes, I will make it a habit henceforth.
Intraday only.
I received this:

Quote
Dear Trader,

Our system has flagged that your account has used an EA to place trades. As this is a Challenge account it is permitted to use an EA however as per Section 7.4 of our Terms and Conditions please choose one of the following options;

 

  1. Submit the source code of the EA.
  2. Cap your account profit split at 25%.


Best Regards

Risk Team | Finotive Funding
Web. www.finotivefunding.com



The funny thing is that I have not idea how to use an EA. I do everything manually in a (very) old fashioned way.
Never happened this to me before in any prop firm and my operands mode is the same in all of them. Everything manually.
I asked already a revision. Let's see where this is heading but it's not a good signal.
Quoting Capablanca
I received this: {quote} The funny thing is that I have not idea how to use an EA. I do everything manually in a (very) old fashioned way. Never happened this to me before in any prop firm and my operands mode is the same in all of them. Everything manually. I asked already a revision. Let's see where this is heading but it's not a good signal.
which firm ?
Intraday only.
Quoting Capablanca
I received this: {quote} The funny thing is that I have not idea how to use an EA. I do everything manually in a (very) old fashioned way. Never happened this to me before in any prop firm and my operands mode is the same in all of them. Everything manually. I asked already a revision. Let's see where this is heading but it's not a good signal.

I know you said you dont use EAs at all BUT Any firm that ask for the source code of proprietary info that you put work into is a big red flag. how can anyone copy what you haven't shared out? sounds like this firm is playing games.

EDIT i read what they said about software in general they want way too much proprietary info.
Quoting navk
{quote} which firm ?
Sorry about that. My copy / paste of email was cut. This was Finotive. I edited the post now.

Just received the reply to my request to revision:

Quote
Sincere apologies - this was a mistake.

Best Regards

Support Team | Finotive Funding
Web. www.finotivefunding.com

Anyway I'm not happy for having been flagged for something I have no idea how to use.
This is still a challenge but could be a funded account with profits. This is the kind of thing that doesn't assure me about integrity of the firm. Finotive doesn't look good.
Quoting hazelj80
{quote} I know you said you dont use EAs at all BUT Any firm that ask for the source code of proprietary info that you put work into is a big red flag. how can anyone copy what you haven't shared out? sounds like this firm is playing games. EDIT i read what they said about software in general they want way too much proprietary info.
Having that in the rules doesn't bother me because I don't use EA. Although I think it's an abuse. If I used EAs I would never use Finotive.
Quoting Capablanca
{quote} Having that in the rules doesn't bother me because I don't use EA. Although I think it's an abuse. If I used EAs I would never use Finotive.

I figure as long as you're not taking advantage of errors in the price feed (which will get you kicked out of most, if not all, prop firms and brokers), then why does it matter as long as it isn't being copied a bunch? or at all?
Quoting hazelj80
{quote} I figure as long as you're not taking advantage of errors in the price feed (which will get you kicked out of most, if not all, prop firms and brokers), then why does it matter as long as it isn't being copied a bunch? or at all?
What I think is an abuse from Finotive is to ask to see the code. I would never accept that.
Anyway, as I said it doesn't bother me at all because I don't use them. Anyway, being flagged without using it's a red flag for Finotive.
Quoting maximusa
guys again anyone check fundyourfx ? trustpilot good reviews .. how can we make sure they is legit ?
It would be interesting to hear actual experience.
10% DD, not bad, that's usually killer , as majority of prop firms have 5% .
Someone is up $1 million not even halfway through the month with FTMO on a 400k account
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Plan your trade, trade your plan
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