Prop Firm Hub | Page 501 | 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

  • #10,001
  • Aug 10, 2022 7:44am Aug 10, 2022 7:44am
Quoting pipmaster77
{quote} This is what I emant yesterday when responding to madpips regarding YOU ACTUALLY LOSE MONEY TRADING at some of these firms.
The surprising bit was that they came up with an evaluation program that's still somehow worse than on your own. I didn't expect that.
  • #10,002
  • Aug 10, 2022 7:47am Aug 10, 2022 7:47am
Quoting pipmaster77
{quote} This is what I emant yesterday when responding to madpips regarding YOU ACTUALLY LOSE MONEY TRADING at some of these firms.
Yes but it was probably confusing because you had not provided specific reasons as to why.
  • #10,003
  • Aug 10, 2022 7:52am Aug 10, 2022 7:52am
Quoting muir
{quote} The surprising bit was that they came up with an evaluation program that's still somehow worse than on your own. I didn't expect that.
There are a few other features I learned about Rapid that I have not mentioned but in short, Rapid was probably not meant to provide a fair environment for the trader. Instead, it's sort of like grabbing your money and yanking in away, or slowly pulling it away from your grip.
  • #10,004
  • Aug 10, 2022 7:58am Aug 10, 2022 7:58am
Rapid isn't a scam. If you are good you can get your fee back from a demo account just by trading. The problem with Rapid is it takes a long time and the reward after the marathon is less worth it when you can do an evaluation and pass fairly easily.

The5ers programs are similar but are heavily weighted as well. The difference in them vs the evaluations are that you cant just yolo your way to victory you have to be far more measured to make it work. They are kinda sucky programs compared to what we have now but before the FTMO challenge was launched it was basically the two types of programs that existed everywhere and people were mostly satisfied. FTMO brought out the challenge and then here we are today with this booming market of opportunity.
  • #10,005
  • Aug 10, 2022 8:15am Aug 10, 2022 8:15am
Quoting Takisd
Rapid isn't a scam. If you are good you can get your fee back from a demo account just by trading. The problem with Rapid is it takes a long time and the reward after the marathon is less worth it when you can do an evaluation and pass fairly easily. The5ers programs are similar but are heavily weighted as well. The difference in them vs the evaluations are that you cant just yolo your way to victory you have to be far more measured to make it work. They are kinda sucky programs compared to what we have now but before the FTMO challenge was launched...
AFAIK the 5ers Bootcamp came out a lot later than FTMO. In fact I'd assume they wanted to come up with a program to stop losing customers to FTMO.
  • #10,006
  • Aug 10, 2022 8:16am Aug 10, 2022 8:16am
Quoting pipmaster77
{quote} MFF? Their evaluation gives you 20x DD for your fee. Pay $979 to MFF and put $979 in your own account. At the end of stage 2 you have $2,305 in your personal, MFF gives you 24K (DD), $19,200 when factoring the 80% split.
LOL no, I was still talking about the 5ers' Bootcamp evaluation-type account to which I was crunching the numbers and posted the results earlier today. MFF is solid.
  • #10,007
  • Aug 10, 2022 8:17am Aug 10, 2022 8:17am
Quoting muir
{quote} LOL no, I was still talking about the 5ers' Bootcamp evaluation-type account to which I was crunching the numbers and posted the results earlier today. MFF is solid.
Yes, I realized and already deleted the post lol
  • #10,008
  • Aug 10, 2022 8:27am Aug 10, 2022 8:27am
Quoting muir
{quote} AFAIK the 5ers Bootcamp came out a lot later than FTMO. In fact I'd assume they wanted to come up with a program to stop losing customers to FTMO.

Yes it did.. But toptier and a bunch of others had those types of programs long before even FTMO.
  • #10,009
  • Aug 10, 2022 8:40am Aug 10, 2022 8:40am
I checked today during CPI news.

MFF mt4 have better fill than TFF.
Intraday only.
  • #10,010
  • Aug 10, 2022 8:41am Aug 10, 2022 8:41am
Quoting Takisd
{quote} Yes it did.. But toptier and a bunch of others had those types of programs long before even FTMO.
Is this toptiertrader.com? Every review says they are new, how can they be from before FTMO? And why was FTMO that became such a big name in the industry?
  • #10,011
  • Aug 10, 2022 8:44am Aug 10, 2022 8:44am
Quoting donfriday
{quote} pls do you have that indicator that close all open position?
Yes.

Attached.

Put both files in expert folder.
Attached File(s)
File Type: ex4 Close_All_(Current_Pair)_Mod.ex4   2 KB | 413 downloads
File Type: mq4 Close_All_(Current_Pair)_Mod.mq4   2 KB | 403 downloads
Intraday only.
  • #10,012
  • Aug 10, 2022 8:47am Aug 10, 2022 8:47am
Quoting muir
{quote} Is this toptiertrader.com? Every review says they are new, how can they be from before FTMO? And why was FTMO that became such a big name in the industry?

no no, the other one. That one is cue banks shit box. I meant topstep sorry.
  • #10,013
  • Aug 10, 2022 8:56am Aug 10, 2022 8:56am
Quoting ohyeah
So the Rapid is not an honest product, more like a way to swindle people. What about their Evaluation? Is it a responsible program or, it's on the edge of being a scam too?
-To be clear, I do not think that the Rapid program is dishonest or a scam. I also do not think that the Evaluation program is a scam. Some products are better than others. You just need to do your own, due diligence and determine what will be best suitable for your needs. Simply, some offerings are much better than others, even to the point that you might be better off trading your own, personal account. That does not make them a scam or dishonest. People that elect to go with them may have their own reasoning, or, they are just too lazy to do the research.

As far as these programs being responsible, that may be subjective. It is easy to say that the evaluation models are not overly responsible due to the profit targets and duration etc.. However, one could easily argue that this allows the firm to fast-track signing on traders in lieu of having them trade on a demo account for 6 months to a year in order to assess their ability. And truthfully, it would not be as profitable for the firm if it was set up in a more responsible way, which may not be good for traders because that would also mean that the longevity of the firm may be compromised as a result.
  • #10,014
  • Aug 10, 2022 10:25am Aug 10, 2022 10:25am
Quoting Takisd
{quote} no no, the other one. That one is cue banks shit box. I meant topstep sorry.
What does this mean? They aren't reliable and/or not paying out? On the surface they copied both FTMO and MFF so the offer seems good. Haven't read the small print yet. Do you know them and if so what don't you like about them?
  • #10,015
  • Aug 10, 2022 10:28am Aug 10, 2022 10:28am
Quoting muir
{quote} What does this mean? They aren't reliable and/or not paying out? On the surface they copied both FTMO and MFF so the offer seems good. Haven't read the small print yet. Do you know them and if so what don't you like about them?

Anything attached to Cue Banks is a scam. The dude is the biggest grifter in Forex next to AstroFX and Lambo Raul.
  • #10,016
  • Aug 10, 2022 10:53am Aug 10, 2022 10:53am
My heart goes out to the support teams of all prop firms who have to deal with the morons who tried to straddle CPI news and are complaining about it.
  • #10,017
  • Aug 10, 2022 10:57am Aug 10, 2022 10:57am
Not complaining just reporting.

Had a small Bitcoin position open on my TFF funded account during the big CPI print and got a $175 slippage on my stop loss.

I'm going to head over to the discord channel, curl up in the fetal position, tell them that even though I'm 55 I identify as a 28-year-old, and demand a free binky to comfort me because I was victimized.
Pride always comes before destruction.... -Proverbs 16:18
  • #10,018
  • Aug 10, 2022 11:07am Aug 10, 2022 11:07am
Quoting Expo33
Not complaining just reporting. Had a small Bitcoin position open on my TFF funded account during the big CPI print and got a $175 slippage on my stop loss. I'm going to head over to the discord channel, curl up in the fetal position, tell them that even though I'm 55 I identify as a 28-year-old, and demand a free binky to comfort me because I was victimized.

Snack pak!
  • #10,019
  • Aug 10, 2022 11:09am Aug 10, 2022 11:09am
Quoting Takisd
{quote} Anything attached to Cue Banks is a scam. The dude is the biggest grifter in Forex next to AstroFX and Lambo Raul.
oh, thanks. Thought it looked too good to be true, lol.
  • #10,020
  • Aug 10, 2022 1:11pm Aug 10, 2022 1:11pm
SPX500 quote on MFF MT5 stop for past 5 minutes. I still could sell my position but have to stay sideline when it freeze.
eru/usd quote is ok and I still trade it.

Edit: SPX500 quote is back now.
37 traders viewing now