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  • #11,261
  • Oct 7, 2022 8:28am Oct 7, 2022 8:28am
Quoting Capablanca
{quote} Have you been paid with them ? Would be nice to know. I'm doing a challenge with them. {quote} I second this. I've seem people in their Discord saying simple things like "the company X makes payments in just 1 day and you have 3 down days" or "I would prefer to have zero trading days in challenges" just to be completely destroyed by all that brain washed crowd. For them TFT is fantastic, no other company has anything better than them and there's nothing to improve.
No I failed but plenty people have and there are no bad storys as far as I know
  • #11,262
  • Oct 7, 2022 8:29am Oct 7, 2022 8:29am
As promised here are more payouts he got from his 50k instant funding account with them (which means no stress, no challenges). He got 4 payouts in 3 months so far.
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  • #11,263
  • Oct 7, 2022 8:32am Oct 7, 2022 8:32am
Well I was seriously thinking of trying StocknetInstitute. I don't see any bad reports and I was also check Facebook.

Only thing I don't like is that they have no credit card payment option. They want customers to use Wise and they have bank transfer only (or Crypto). So if they fail you wont get any refund!
  • #11,264
  • Oct 7, 2022 8:34am Oct 7, 2022 8:34am
Quoting Cryptosurf
{quote} Takisd had alluded to this earlier. It basically B-Booking and its the only way prop firms can make any money to pay out large sums.
To say it in different words and make it clear to everyone. They do not only win the amount a trader looses. They win then double amount because of reverse trading.
  • #11,265
  • Oct 7, 2022 8:38am Oct 7, 2022 8:38am
Quoting Bizziebee
Well I was seriously thinking of trying StocknetInstitute. I don't see any bad reports and I was also check Facebook. Only thing I don't like is that they have no credit card payment option. They want customers to use Wise and they have bank transfer only (or Crypto). So if they fail you wont get any refund!
I don't even like when they don't have Paypal but I can stand that. But no credit card... That's a no go for me.
  • #11,266
  • Oct 7, 2022 8:40am Oct 7, 2022 8:40am
Quoting TrAndy1
{quote} To say it in different words and make it clear to everyone. They do not only win the amount a trader looses. They win then double amount because of reverse trading.

Thanks for your efforts. There is also no time limit on their evaluation accounts. Sounds too good actually.

But if they have enough capital for reverse trading then they can win a lot as most loose.

Probably large trading companies use this idea too
  • #11,267
  • Oct 7, 2022 8:41am Oct 7, 2022 8:41am
Quoting TrAndy1
{quote} To say it in different words and make it clear to everyone. They do not only win the amount a trader looses. They win then double amount because of reverse trading.

You cant reverse trade people so easily. Most likely most of them aren't being reverse trading. To be successful reverse trading someone you have to know for sure that they will lose more than spread. It is impossible to know that from a person who passes two phases without more time and by then likely they are already dead.
  • #11,268
  • Oct 7, 2022 8:42am Oct 7, 2022 8:42am
Quoting TrAndy1
{quote} To say it in different words and make it clear to everyone. They do not only win the amount a trader looses. They win then double amount because of reverse trading.
They are clearly B-Booking, no matter how they are dressing it up.
Trade with confidence, trade without fear.
  • #11,269
  • Oct 7, 2022 8:43am Oct 7, 2022 8:43am
Quoting NevFX
{quote} we can agree to disagree, but I would personally go to the tier-above retail brokerages, eightcap, IC markets etc. if I wanted to 1. start a prop firm or 2. want to have access to raw spreads

I agree with you in the sense that its best set up your own providers, If ICMarkets was my LP i would be happy though, eightcap can burn in fire for all I care. But ICMarkets spreads are better than tier 1 LP's.
  • #11,270
  • Oct 7, 2022 8:53am Oct 7, 2022 8:53am
Quoting Takisd
{quote} You cant reverse trade people so easily. Most likely most of them aren't being reverse trading. To be successful reverse trading someone you have to know for sure that they will lose more than spread. It is impossible to know that from a person who passes two phases without more time and by then likely they are already dead.
Makes sense, but that can only mean they are not happy with heavy (tick) scalpers. That is not me, so I would not fear their offers. I am tempted, maybe later, will see.
  • #11,271
  • Oct 7, 2022 8:57am Oct 7, 2022 8:57am
But if they had developed a good algo to filter traders and trades out, why not ? Who says it is impossible to do so ? Not everyone is a scalper too, only a minority, so ?
  • #11,272
  • Oct 7, 2022 8:59am Oct 7, 2022 8:59am
Quoting TrAndy1
{quote} Makes sense, but that can only mean they are not happy with heavy (tick) scalpers. That is not me, so I would not fear their offers. I am tempted, maybe later, will see.

thats not what it means at all. What it means is that when someone has a live account, without fully being able to analyze over time, it is a mistake to reverse trade them. Also, if you reverse trade a guy who is all in, and he wins, you lose 2x.

It makes far more sense to just b-book than to try to pip more out of the order flow unless you have so much order flow you can do more creative things than just trading opposite.

There probably 4 maybe 5 prop firms with enough flow to actually push it out in a profitable way with low risk. We know who they are so bares not repeating.
  • #11,273
  • Oct 7, 2022 9:00am Oct 7, 2022 9:00am
Quoting Capablanca
{quote} I don't even like when they don't have Paypal but I can stand that. But no credit card... That's a no go for me.

Mmm you are right. Any decent up-front operation has to have credit card gateway. Eternityglobalfx look better bet for instant funding.
  • #11,274
  • Oct 7, 2022 9:02am Oct 7, 2022 9:02am
Sorry, but you say it cannot be done. I would not say that. They are operating out of USA. When there is gaming algo then sure it is found in Las Vegas, where they are.
And how many shady prop firms out of USA has been there so far ? None or ? E8Funding is a good one, and TFTP is also not a bad prop firm everyone can admit, or not?
  • #11,275
  • Oct 7, 2022 9:39am Oct 7, 2022 9:39am
Quoting TrAndy1
Me, [07.10.2022 16:09] Do you hedge your positions or not at all when traders have funding account status ?
Eternity Global FX, [07.10.2022 16:09] we do many things
Eternity Global FX, [07.10.2022 16:10] to be honest
Eternity Global FX, [07.10.2022 16:10] not limited to hedge
Eternity Global FX, [07.10.2022 16:10] copy trading
Me, [07.10.2022 16:10] What does this mean please ?
Eternity Global FX, [07.10.2022 16:10] opposite side trading
Eternity Global FX, [07.10.2022 16:11] as you know 90% people fail in this forex market
Eternity Global FX, [07.10.2022...
What's the difference between hedging the trade and doing counter trading? I think it's the same thing, is not it?
Apart to hedging trades via currency options, of course. These bucket shops hardly hedge via options.
  • #11,276
  • Oct 7, 2022 9:45am Oct 7, 2022 9:45am
Quoting mcquak
{quote} What's the difference between hedging the trade and doing counter trading? I think it's the same thing, is not it? Apart to hedging trades via currency options, of course. These bucket shops hardly hedge via options.
I do not know it exactly what they are doing here. But they have an algo for it. When they said they are doing a lot of reverse trading when copy trading they meant they do not only b-booking, which means doing nothing. They go in an active way the opposite side of the trade, or maybe multiple times of it when the are sure. It is their secret sauce so you will not find any exact and very detailed information about that. But it also a nobrainer, when most of most are loosing why not doing reverse?
  • #11,277
  • Oct 7, 2022 9:49am Oct 7, 2022 9:49am
Everyone should know that their is much gold in the trading data here. As FTMO interview already revealed it. If they have a Phd Quant who can figure out a solid algo of it, why not then profiting from opposite side trades too ? They also said, more trade data is better, the more trades the better. That is a sure indication for an algo too.
  • #11,278
  • Oct 7, 2022 9:59am Oct 7, 2022 9:59am
Just to mention E8Funding out of USA showed other prop firms what can be automated. TFTP out of USA showed what is possible with aggressive growth. They are now number two or three in size of all prop firms. When there is an algo for the trading data, I would expect it first, in NYC, Silicon Valley or Las Vegas and in USA of course.
  • #11,279
  • Oct 7, 2022 10:14am Oct 7, 2022 10:14am
Quoting TrAndy1
As promised here are more payouts he got from his 50k instant funding account with them (which means no stress, no challenges). He got 4 payouts in 3 months so far. {image}{image}{image}
These can be easily fabricated. Either you're extremely gullible or subtly advertising for that prop firm.

See my screenshot below and if you still think that fella is not an affiliate...then well, you must be one.

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  • #11,280
  • Oct 7, 2022 10:25am Oct 7, 2022 10:25am
Quoting tenkanzen
{quote} These can be easily fabricated. Either you're extremely gullible or subtly advertising for that prop firm. See my screenshot below and if you still think that fella is not an affiliate...then well, you must be one. {image}
Indeed I must admit it looks like I am only defending this EGFX prop firm, but I can turn 180 degrees anytime if I have solid other information about them. But so far only Takisd as always said something negative. I am also aware that this offer looks too good to be true. But it does not mean it cannot be true, I just want to find out the truth here. Most would agree on the negative side, so I am the only one who is defending them, I also see. But do not say I make kind of marketing, I would not hesitate anytime to say that are just pure scam. But I brought them here on the table so I felt also responsible to shed some more light into it and do more research.
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