Prop Firm Hub

what makes u say they arnt?

i guess it would be more validity to being able pay during a withdrawal and shows credibility that they are legit

I think its safe to say that none of these prop firms are backing peoples accounts dollar for dollar. I assume most of them offload some risk. Ment is most definitely not backing the accounts dollar for dollar and is not deploying any different funding strategy to any other prop firm. It would be stupid to do it because most traders lose even if we believe we are the exception.

Yes. If any of these remote prop firms were backing all of their traders with real funds, then that would just seem extremely stupid and reckless.

It has been a common theme, ever since these firms started popping up, to see so many traders focusing on the wrong things.

Amen.
1. Do they pay?
2. Are the trading conditions good? (slippage at news and spread widening at rollover is OK, as I would get that on my own account)
3. Is the value there, in other words, will I get 3x+ what I would trading the "fee" in a personal account?

If you can answer yes to those 3 questions, I don't see any other info that needs to be addressed.

Its really funny I have been reading the groups. It looks like the guys using eightcap prop firms got the worst slippage today.

Then it was trueforexfunds/e8.
Then it was MFF
FTMO seemed to have a wide spread for quite some time.

Pick your poison. The easiest solution, don't be a pig and trade news volatility.

https://www.forexfactory.com/thread/...1#post14095761

? Yes that is one example I have used in my assumptions. TFF was worse than MFF.

Damit, I failed a challenge if MFF and forgot that they have a reset which is cheaper than the discount that we see in the site that Trandy left some time ago.
I bought a new one instead of purchasing a reset.

Is that reset only a onetime offer when you failed an evaluation, or if you failed one evaluation can you buy two or more resets for new two accounts ? Any limitations ?

No limits..

Really ? That is quite funny. So you always get that 10% discount after one failed challenge?. Haha, that is good to know. Are you sarcastic here or what did you mean ?
I cannot believe still that MFF are such grateful to their customers. Their score goes up then to 7.7, I have added new modified Ranking table of scores here. It matters.

Totally serious Sir ...MFF is not perfect, but I think they're the most unselfish.

It was long time since I used a reset so I didn't remember of that. Wasted money..

I'm not sure, though, if we still have free retakes and extension with reset.
I don't remember, as well, what's the procedure about refund fee if we get to a payout coming from the reset. Is that is the reset fee or the initial challenge payment.

I know that The Prop Trading doesn't allow free retakes in resets but they reimburse the reset fee in the first payout.

Did you factor in MFF's scaling up?

Scaling up (To the moon)
My Forex Funds offers a competitive scaling up plan so that we grow with you. If you have achieved a profit of 10% or more within a 4 month period and 2 of those 4 months were profitable, we will increase your account size by 30% of the original account size.
At the time of scale up request, trader should be breakeven or positive with the account balance.

every prop firm offers scaling up, some plans are even better (faster, or with higher limit/no limit) than MFF. It would definitely be interesting to see it reflected in the table in some way

Sorry, but it is not in the table. It would make it way more complicated with all different scaling models. Actually I would not know how to score them easily & objective.

That's understandable. How about just adding one column with the scale-up limit? Some firms limit to 1Mil, some 2-4. some even claim there's no limit. It would add a useful context of how far you can get with each firm. Just an idea

Actually I also see no real value as it takes a lot of time to reach those scaling limits. It is better to look for the score and choose from the ranking table I provided.
I mean the pass rate is so low and then when you get funded it is quite difficult to maintain a funded account for so many months to reach those scalings. So it does not make sense to me to add such a column. As I already said elsewhere about trading cost, own servers, overall reputation and payout history are more important here.

Do you know any consistent profitable Spot Forex signals telegram channels or provider ? Because I would like to get some more ideas I can analyze or maybe complement my other trading here. The trader should have at least 10+ years experience itself and must have also a look on fundamentals, not technicals only. It would be also good to see a kind of verified or true performance track record of past trades for at least 6 months to a few years at best. The Reward-Risk-Ratio or Net profit in pips to Drawdown should be something at 1:1 per month or better. So far I tried out some, but actually did not find any meaningful good telegram channel here. If anyone can contribute here to the Forex signals space, please tell me more.

It could be possible especially in the large liquid Forex market that one is providing good signals here. Just as a kind of insurance of having a (limited) bad time for their own trading when they get some extra cash from their paid service. That could be also kind of reason that there are so many hired bankers which also could trade only for themselves. I mean if they are really profitable why the need to work in a bank and trade for the bank only ?

They could compound theirselves and over time get much more money from their own trading than getting those bonuses in the bank. Because you have a certain limit every year, it does not increase to no limits, there is always a limit per trader per year which is the max loss they can have. So own compound on own personal accounts and trading only for your own is best option. But it is also a true that there are many traders in the banks who also really want to trade for the bank only (as a kind of insurance I guess, here too). Because they recieve a fixed salary too and in case they produce a large loss they can only loose their job and not their own money. Otherwise there is no serious reason to get only up to 20% of profits in a bank, when you could get 100% of profits when trading for yourself only. So the only possible explanation here they want a kind of insurance for themselves.

Same is for the hedge fund industry. If you have a really good consistent strategy why do you need someone else his money to trade with ? You could easily get to your own trading limits yourself just by trading your own high sharpe strategy. So no one rather in the fund industry or in a bank or simply any hired trader makes sense. Just trade for your own personal accounts, that's it. And if you want an insurance as sole trader you only need to pull out some profits from the trading accounts into a longer term 'investing' account from time to time for example.

The same argument of insurance could be for signal providers here too. Especially in Forex world, where is that huge liquidity there. So I find it legit to ask here.

Maybe it is like the same with all the bank analysts and their research, which is also pretty useless I find for any good consistent profitable trading. Otherwise those ANALysts or ANAL(c)ysts would be traders. So maybe there is no useful research around at all for trading (directly), especially from non traders. And if they trade why do they need to publish or sell research ? I would listen to a trader only when looking for research. In the rare exception a trader in a bank is doing some research for the public, I would like to know which one or the source where I can get it. The same argument as above would be true here, it is a kind of insurance again as a kind of extra cash for the trader (with his paid research).

So of course we know the only exception where not trading on own personal account makes sense is to go with reputable prop firms as we all know here given from their scores. Because they give us extra capital for small money. In addition to those prop firms extra capital you can also trade on your own personal account which is not allowed when working as a hired trader in a bank or fund. But here I am asking for any outside edge coming from signal providers as an additional idea.

There is of course a reason that a signal provider will not offer their service for so many years. Because it does not make sense to have good strategy and trade it for so many years or even decades that the subcription fees from paid subscribers would be meaningful after so much time. That is why I think it must be reviewed from time to time with new traders/providers on the market. For example there is so much AI hype at the moment, yet I have not found a good one so far. Overall I looked for the past 4 weeks or so and could not find anyone.

If anyone knows a good profitable signal provider for the Forex market please post it here. Anyone knows anything meaningful here ?