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  • #9,421
  • Edited 1:44pm Jul 19, 2022 1:32pm | Edited 1:44pm
FYI
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  • #9,422
  • Jul 19, 2022 1:43pm Jul 19, 2022 1:43pm
Again some progress today on my 50k funded account at MFF. It looks good, now I am up ca. +5%. I hope I can add some further gains in the coming days and weeks.
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  • #9,423
  • Jul 19, 2022 2:30pm Jul 19, 2022 2:30pm
Toptrader.io prop firm started now. But it is so bad the score is only 1.54, so you can forget them. They made so much promises but now the reality fetches them back.
  • #9,424
  • Edited 3:54pm Jul 19, 2022 2:42pm | Edited 3:54pm
Some good news from Autoproptrader(.com). I am posting the chat here. They will add other payment options soon and say that they had made several payouts.

Hello ?
Hi
How can I help you?
Do you have other payment options than cryptos ?
Currently we have crypto. Soon we will be adding PayPal and card payments
What is soon ?
how long are you in business then ?
We are working on it. It will be implemented in a month
We started offline in 2019 but went online last year
Do you have any payout proofs, so I know you are legit ?
Any statistics you can provide here ?
We have members from 1 year. They are receiving payouts on time.
And payouts are sent only in crypto or other methods then too ?
Yes we have around 50 funded traders
Payouts are sent through crypto and PayPal
Ok, let me know when you have other payment options added. I am interested.
Sure. We will be implementing it within a month
  • #9,425
  • Jul 19, 2022 3:36pm Jul 19, 2022 3:36pm
who? its getting excessive all these firms now.
  • #9,426
  • Jul 19, 2022 5:48pm Jul 19, 2022 5:48pm
Quoting Takisd
who? its getting excessive all these firms now.
Yes, it is getting quite absurd. I really do not understand how they expect to take any business from the big boys when their offer(s) are inferior.
  • #9,427
  • Jul 20, 2022 12:31am Jul 20, 2022 12:31am
Quoting pipmaster77
{quote} Yes, it is getting quite absurd. I really do not understand how they expect to take any business from the big boys when their offer(s) are inferior.
Yep, unless you have a built name like audacity and CTI (that may want to cross sell challenges to the existing base of customers), any new prop coming to the market with real intention of taking a share should have, at least, something equal, if not better.

If people know the market they won't ever chose them. If people don't know the market they are relying on random choice. It will be strange that they are the chosen ones among so much offer when others spend much more / are more visible than them.
  • #9,428
  • Jul 20, 2022 1:23am Jul 20, 2022 1:23am
Quoting TrAndy1
FYI https://www.youtube.com/watch?v=Nm5h3laQ1vQ
Hi TrAndy1 are you register yet ?
is no Fee ? cant be right
  • #9,429
  • Jul 20, 2022 6:45am Jul 20, 2022 6:45am
Apologies if this has been posted before, but this guy has lots of interesting content on Prop firms, particularly MFF and FTMO. I came across him whilst looking for tax info on prop trading.

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  • #9,430
  • Jul 20, 2022 6:58am Jul 20, 2022 6:58am
Quoting bluepanido
Apologies if this has been posted before, but this guy has lots of interesting content on Prop firms, particularly MFF and FTMO. I came across him whilst looking for tax info on prop trading. https://www.youtube.com/watch?v=4b0D6d7xdnw

He miss quoted the stats quite badly but his general point is right. If you are a good trader, its a good way to make money because the money is there to be paid if the companies run properly and people dont try to game the system. Funding talent got busted from the people gaming the system and their lack of knowledge in fx and business killed them.
  • #9,431
  • Jul 20, 2022 6:59am Jul 20, 2022 6:59am
Quoting Takisd
{quote} He miss quoted the stats quite badly but his general point is right. If you are a good trader, its a good way to make money because the money is there to be paid if the companies run properly and people dont try to game the system. Funding talent got busted from the people gaming the system and their lack of knowledge in fx and business killed them.
Thanks. What would the correct stats be? This is what he said:
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  • #9,432
  • Jul 20, 2022 7:05am Jul 20, 2022 7:05am
Quoting bluepanido
{quote} Thanks. What would the correct stats be? This is what he said: {image}

The 5718 number is the number of live accounts not the number of purchases.
  • #9,433
  • Jul 20, 2022 7:08am Jul 20, 2022 7:08am
Quoting TrAndy1
Some good news from Autoproptrader(.com).
-I thought that it was determined that this firm is likely a scam?

Quoting pipmaster77
I really do not understand how they expect to take any business from the big boys when their offer(s) are inferior.
-In the case of AutoPropTrader, their offer is killer. But, they are likely scammers, because there is no way.
  • #9,434
  • Jul 20, 2022 7:23am Jul 20, 2022 7:23am
new for the scam list blueforexfunds.co .

Don't even bother scoring it, they dont even know how to use photoshop.
  • #9,435
  • Jul 20, 2022 8:51am Jul 20, 2022 8:51am
Another one for the scam list: https://www.primealgo.club/ftmo-trading where they offer to pass a funding challenge for you. My friend got burned by this one twice somehow
  • #9,436
  • Jul 20, 2022 9:45pm Jul 20, 2022 9:45pm
Quoting Takisd
{quote} The 5718 number is the number of live accounts not the number of purchases.
The live number actually represents >238K challenges taken?
  • #9,437
  • Edited 3:43am Jul 21, 2022 3:24am | Edited 3:43am
Prop firms revenues are far behind the brokerage revenues though they have so much trading volume like a large broker (e.g. FTMO, MFF). So the prop firms still must do it wrong ? See here how much IG has earned. 'Profit before taxation came in at £477.0 million.' https://www.financemagnates.com/fore...ps-16-in-fy22/
  • #9,438
  • Jul 21, 2022 3:46am Jul 21, 2022 3:46am
Quoting CableJ
{quote} The live number actually represents >238K challenges taken?

Probably. I suspect ftmo/MFF are doing 4-5k new per day.
  • #9,439
  • Jul 21, 2022 3:56am Jul 21, 2022 3:56am
Quoting TrAndy1
Prop firms revenues are far behind the brokerage revenues though they have so much trading volume like a large broker (e.g. FTMO, MFF). So the prop firms still must do it wrong ? See here how much IG has earned. 'Profit before taxation came in at £477.0 million.' https://www.financemagnates.com/fore...ps-16-in-fy22/

IG probably has the highest per million return in the market due to the alternative products they have and the, for lack of better words, criminal conditions they provide. Their public status is an amazing marketing tool. ICMarkets i dont think make that much and they are by far the biggest fx broker in terms of volume.
  • #9,440
  • Jul 21, 2022 4:17am Jul 21, 2022 4:17am
Quoting Dao-trades
Another one for the scam list: https://www.primealgo.club/ftmo-trading where they offer to pass a funding challenge for you. My friend got burned by this one twice somehow
Your friend might need this.
You can reach me on Telegram @ KramerFx
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