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  • #10,061
  • Aug 12, 2022 4:54am Aug 12, 2022 4:54am
Payout TFT so long 4 days waiting and can't trade
  • #10,062
  • Aug 12, 2022 5:07am Aug 12, 2022 5:07am
Quoting HengkiTjen
Payout TFT so long 4 days waiting and can't trade
Yep, it's complete garbage process as I mentioned here

Those guys spend a lot of money in social media, advertising, community prizes, super portal whatevever-that-means and can't have the most basic thing like a fast payout.

From the bigger firms they're clearly the worse on payout process, miles away from the others.
  • #10,063
  • Aug 12, 2022 5:08am Aug 12, 2022 5:08am
Quoting Capablanca
Prop firms seem mushrooms. They pop up everywhere. Saw another 2 mentioned in a group (I think none of them was mentioned before in the discoveries of our Sherlock TrAndy, if so pardon me) https://theconcepttrading.com.au/ https://funding.breakfreetrading.com/ Disclaimer: I didn't bother in analyzing them. Just found funny how every week we bump into new firms.
Two worst prop firms I have ever seen so far.
  • #10,064
  • Aug 12, 2022 5:09am Aug 12, 2022 5:09am
Quoting Capablanca
Prop firms seem mushrooms. They pop up everywhere. Saw another 2 mentioned in a group (I think none of them was mentioned before in the discoveries of our Sherlock TrAndy, if so pardon me) https://theconcepttrading.com.au/ https://funding.breakfreetrading.com/ Disclaimer: I didn't bother in analyzing them. Just found funny how every week we bump into new firms.
Took a glance at the first one, simply another "fee is DD offered" model. 50K account with 5K DD will run you a cool $4,997. Of course, they take 50% , so by level 3........well, you guys know the rest lol.
I'll check the other if I have time this am.
  • #10,065
  • Aug 12, 2022 5:19am Aug 12, 2022 5:19am
Quoting Capablanca
{quote} Yep, it's complete garbage process as I mentioned here Those guys spend a lot of money in social media, advertising, community prizes, super portal whatevever-that-means and can't have the most basic thing like a fast payout. From the bigger firms they're clearly the worse on payout process, miles away from the others.

I have been monitoring them a lot lately as my curiosity about e8 and TFF has been sparked by folks here. I think TFTP gives off a vibe they are much bigger than they actually are. And using paid reviews they are hiding the nasty compny that they are.
  • #10,066
  • Aug 12, 2022 5:29am Aug 12, 2022 5:29am
Quoting Capablanca
Prop firms seem mushrooms. They pop up everywhere. Saw another 2 mentioned in a group (I think none of them was mentioned before in the discoveries of our Sherlock TrAndy, if so pardon me) https://theconcepttrading.com.au/ https://funding.breakfreetrading.com/ Disclaimer: I didn't bother in analyzing them. Just found funny how every week we bump into new firms.
Both new prop firms have a score below 1 so they are scams. Everyone can forget them fast.
  • #10,067
  • Aug 12, 2022 6:28am Aug 12, 2022 6:28am
Quoting ohyeah
{quote} The more the better because they'll compete for the traders' business. {image}
The fee is more than the loss allowed. When the value score is under 1, meaning you pay for more than what you get..........YOU ACTUALLY LOSE MONEY vs. trading that "fee" in a personal account. They can scale me to a billion and give me 10 years to hit the target.
It's the simple formula of allowable loss/fee that takes precedent over all of the other slick marketing these firms use.
I literally cannot believe folks are still signing up for these firms. It's literally like depositing $1,000 with your broker and they credit the account with $500.
To boot, "trading is on live accounts", which means they better be licensed to do so and more importantly....YOU MUST BE LICENSED AS WELL!!!
  • #10,068
  • Edited 7:05am Aug 12, 2022 6:53am | Edited 7:05am
MFF, Phase 2, I need to do.

One more day ( Monday ) I need to trade 0.01 lot in order to complete mandatory 5 days in phase 1.

So, I can start phase 2 on Monday itself.

I have now TFF funded accounts.

MFF will be addition now.
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Intraday only.
  • #10,069
  • Aug 12, 2022 6:56am Aug 12, 2022 6:56am
Quoting pipmaster77
{quote} The fee is more than the loss allowed. When the value score is under 1, meaning you pay for more than what you get..........YOU ACTUALLY LOSE MONEY vs. trading that "fee" in a personal account. They can scale me to a billion and give me 10 years to hit the target. It's the simple formula of allowable loss/fee that takes precedent over all of the other slick marketing these firms use. I literally cannot believe folks are still signing up for these firms. It's literally like depositing $1,000 with your broker and they credit the account with...
The only explanation is that this should really work. People get a knot in their brain and don't state the obvious.

I think I should create a firm where I charge 1.000 USD for a 1 billion account with 500 USD max loss and 50% payout.
What people will read here is not the 500 for 1.000 or even the 50%.
It's the 1 billion account. They will scream to all their friends that they're managing a 1 billion fund.
  • #10,070
  • Aug 12, 2022 6:58am Aug 12, 2022 6:58am
Quoting Takisd
{quote} I have been monitoring them a lot lately as my curiosity about e8 and TFF has been sparked by folks here. I think TFTP gives off a vibe they are much bigger than they actually are. And using paid reviews they are hiding the nasty compny that they are.
You may be right.
I consider, though, that they're the best in show off.
  • #10,071
  • Aug 12, 2022 7:13am Aug 12, 2022 7:13am
Quoting ohyeah
{quote} The more the better because they'll compete for the traders' business. {image}

Kind of until the conditions start being ridiculous and making it impossible for the prop firm to make money without shady shit.
  • #10,072
  • Aug 12, 2022 7:33am Aug 12, 2022 7:33am
Quoting pipmaster77
I'll check the other if I have time this am.
-Don't bother.
  • #10,073
  • Aug 12, 2022 7:44am Aug 12, 2022 7:44am
Quoting ohyeah
{quote} I don't know much about prop firms but even I feel like taking a shower after considering TCT more carefully. Okay so which one is the best of the worse? MFF?
MFF is the best.
  • #10,074
  • Aug 12, 2022 7:58am Aug 12, 2022 7:58am
Quoting ohyeah
{quote} I don't know much about prop firms but even I feel like taking a shower after considering TCT more carefully. Okay so which one is the best of the worse? MFF?
Not sure what you mean by "best of the worst". Without mentioning names, as I always get accused of being biased, there are 2 firms head and shoulders above the rest.
The next tier is comprised of 3-4.......they pay, conditions are decent, but there are issues here and there.
IMO, after those 5-6, nothing worth considering at this point.
  • #10,075
  • Aug 12, 2022 8:06am Aug 12, 2022 8:06am
Looks like MFF is having server issues. The platform has been frozen for the last 10 minutes.
  • #10,076
  • Aug 12, 2022 8:18am Aug 12, 2022 8:18am
MFF price is moving for me.

I do not want to trade now as I finished phase 1 just today.

Demo one is moving

I do not have live server.
Intraday only.
  • #10,077
  • Aug 12, 2022 8:31am Aug 12, 2022 8:31am
Quoting EnoFX
Looks like MFF is having server issues. The platform has been frozen for the last 10 minutes.

On my MT5 only spx500 freeze, currency pairs still alive.
SPX500 also froze for 5 minutes yesterday.
  • #10,078
  • Aug 12, 2022 8:54am Aug 12, 2022 8:54am
They aren't having server issues. Its only on CFD's (which I trade) which says to me whoever is providing the price feed is the source of the issue.

Before you make claims you should check, you can see that currencies and metals are ticking away without interruption. I.E its not the server.

edit: whats up with these commercial members and their extremism.
  • #10,079
  • Aug 12, 2022 8:58am Aug 12, 2022 8:58am
Quoting ohyeah
I think I've seen enough. I'll check back about MFF in a few months to see if they grow up some. Sometimes I wonder how messy people can create such successful businesses. I mean, something as simple as their website to provide information -- there were so many inconsistencies and inaccurate information on their website. I had to ask several times to get a straight answer. It's good though that at least one prop firm is rising above the rest but it's not all growed up enough for me yet.

Imagine telling probably the largest prop firm to "grow up some" when you have a commercial thread on Forexfactory promoting something that just by title is a clear scam.
  • #10,080
  • Aug 12, 2022 9:02am Aug 12, 2022 9:02am
Quoting Capablanca
Prop firms seem mushrooms. They pop up everywhere. Saw another 2 mentioned in a group (I think none of them was mentioned before in the discoveries of our Sherlock TrAndy, if so pardon me) https://theconcepttrading.com.au/ https://funding.breakfreetrading.com/ Disclaimer: I didn't bother in analyzing them. Just found funny how every week we bump into new firms.
I guess they have different spelling rules in Australia? "Enrol"......hmmmm

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Pride always comes before destruction.... -Proverbs 16:18
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