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  • #12,101
  • Nov 2, 2022 3:36pm Nov 2, 2022 3:36pm
Quoting Takisd
{quote} From FTMO i have taken like 850k and from MFF over 1m. So you can do what you want with them. The others 10k is probably good. I have like 40k from TFT so i guess im under radar TFF i am due nxt week now that i am moving positive there again but lets see. TFF i have seen most of the complaints for over 40k for TFT is like random. Sometimes they cancel a certain amount of trades and pay out less.
New prop firms will go bankrupt in the first month if you join them Would help, but want to focus only on the best prop firms that pay out their traders. Old is gold! The older the prop firm is, more capital they have, and you will always receive payment.

I really don't understand traders that join new prop firms

Simply stick with the best and the oldest like MFF
  • #12,102
  • Edited 3:53pm Nov 2, 2022 3:39pm | Edited 3:53pm
Quoting forexbali
{quote} how to be out of radar so? better small profit per month, more prop accounts? like better to do: MFF 300K account: 5000$ per month TFT 400K account: 6500$ per month TFF 200K account: 5000$ per month etc etc than to make 40K in one month on TFT? or others...?
First you need to decide what you want. Do you want to make big money and then trade your own money? Simply farm challenges.

If you want just a 3% return a month, trade slowly and focus on scaling plans to get more capital.

In my mind is always better to have your own money in the bank than prop firm capital.
  • #12,103
  • Nov 2, 2022 3:46pm Nov 2, 2022 3:46pm
@ Mastermind

Re the TE with this thread, I would get rid of that AUDUSD buy trade

FOMC has spoken, long live the USD

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It takes a lot for me to IGNORE you, but you can try.
  • #12,104
  • Nov 2, 2022 3:54pm Nov 2, 2022 3:54pm
Quoting trader888888
{quote} New prop firms will go bankrupt in the first month if you join them Would help, but want to focus only on the best prop firms that pay out their traders. Old is gold! The older the prop firm is, more capital they have, and you will always receive payment. I really don't understand traders that join new prop firms Simply stick with the best and the oldest like MFF

I think you will find that its more about the people in the prop firm. FTMO has a tech knowledge base and clearly know how to handle risk, MFF has Josh who knows his shit. E8 have a guy from icmarkets who knows on a little lower level how to work it. The rest are just instagrammers who lie about their backstories.

Marketing gets you only so far, at some point there will be a breaking point.
  • #12,105
  • Nov 2, 2022 4:13pm Nov 2, 2022 4:13pm
Quoting Takisd
{quote} I think you will find that its more about the people in the prop firm. FTMO has a tech knowledge base and clearly know how to handle risk, MFF has Josh who knows his shit. E8 have a guy from icmarkets who knows on a little lower level how to work it. The rest are just instagrammers who lie about their backstories. Marketing gets you only so far, at some point there will be a breaking point.
Absolutely, MFF and FTMO have clearly figured out how to manage risk and still payout huge amounts. I still believe MFF to be the only firm truly copying (in one form or another). Perhaps some of the instant funding, but why not, it's actually YOUR money they are using, not THEIRS. It's like the opposite of the eval model.....all the risk is on the trader and the firm takes a cut.
  • #12,106
  • Nov 2, 2022 4:46pm Nov 2, 2022 4:46pm
Quoting Takisd
{quote} I think you will find that its more about the people in the prop firm. FTMO has a tech knowledge base and clearly know how to handle risk, MFF has Josh who knows his shit. E8 have a guy from icmarkets who knows on a little lower level how to work it. The rest are just instagrammers who lie about their backstories. Marketing gets you only so far, at some point there will be a breaking point.
Well said
  • #12,107
  • Nov 2, 2022 4:52pm Nov 2, 2022 4:52pm
Quoting pipmaster77
{quote} Absolutely, MFF and FTMO have clearly figured out how to manage risk and still payout huge amounts. I still believe MFF to be the only firm truly copying (in one form or another). Perhaps some of the instant funding, but why not, it's actually YOUR money they are using, not THEIRS. It's like the opposite of the eval model.....all the risk is on the trader and the firm takes a cut.
This thing amazes me. Why prop firms like MyFF and FTMO is not coming up. I am really hard time understanding what they are doing is secret sauce. Only scam prop firms coming up daily not real ones.
  • #12,108
  • Nov 2, 2022 5:14pm Nov 2, 2022 5:14pm
Quoting sampat
{quote} This thing amazes me. Why prop firms like MyFF and FTMO is not coming up. I am really hard time understanding what they are doing is secret sauce. Only scam prop firms coming up daily not real ones.

Coming up? Bro, you can check traffic stats, those two have like all the traffic. The rest is just noise from instagram.
  • #12,109
  • Nov 2, 2022 5:17pm Nov 2, 2022 5:17pm
Quoting sampat
{quote} This thing amazes me. Why prop firms like MyFF and FTMO is not coming up. I am really hard time understanding what they are doing is secret sauce. Only scam prop firms coming up daily not real ones.
Great point. The ones popping up are not committed to running a business. Just like any industry, simply trying to piggyback off of success and make a quick buck. Grab some challenge fees, disappear in 6 months.
  • #12,110
  • Nov 2, 2022 5:25pm Nov 2, 2022 5:25pm
Quoting Takisd
{quote} Coming up? Bro, you can check traffic stats, those two have like all the traffic. The rest is just noise from instagram.
Agree they have highest traffic, it is still monopoly of only two prop firms, remaining just comes and goes. As per MyFF stats it looks like pretty good business.
  • #12,111
  • Nov 2, 2022 5:48pm Nov 2, 2022 5:48pm
Quoting pipmaster77
{quote} Great point. The ones popping up are not committed to running a business. Just like any industry, simply trying to piggyback off of success and make a quick buck. Grab some challenge fees, disappear in 6 months.
100%, just stick with the oldest prop firms
  • #12,112
  • Nov 2, 2022 5:50pm Nov 2, 2022 5:50pm
Quoting Thoughts
Someone's heard something.. {image}
how about the ranking of Top Tier?
  • #12,113
  • Edited Nov 16, 2022 12:45am Nov 2, 2022 6:20pm | Edited Nov 16, 2022 12:45am
Quoting trader888888
{quote} I have checked your spreadsheet and after that contacted some prop firms but they stated that EA's are not allowed. Is there any other list where can I see all prop firms that accept EA's?
Found a list where are listed firms that allow EA's { virus risk deleted by staff }
  • #12,114
  • Nov 2, 2022 9:14pm Nov 2, 2022 9:14pm
Quoting Takisd
{quote} From FTMO i have taken like 850k and from MFF over 1m. So you can do what you want with them. The others 10k is probably good. I have like 40k from TFT so i guess im under radar TFF i am due nxt week now that i am moving positive there again but lets see. TFF i have seen most of the complaints for over 40k for TFT is like random. Sometimes they cancel a certain amount of trades and pay out less.
so can you make a rank of the most solid prop firm for big payouts for what is your experience? congrats for the big payouts.
in holiday till end of November
  • #12,115
  • Nov 2, 2022 9:19pm Nov 2, 2022 9:19pm
Quoting pipmaster77
{quote} Absolutely, MFF and FTMO have clearly figured out how to manage risk and still payout huge amounts. I still believe MFF to be the only firm truly copying (in one form or another). Perhaps some of the instant funding, but why not, it's actually YOUR money they are using, not THEIRS. It's like the opposite of the eval model.....all the risk is on the trader and the firm takes a cut.
Yes I understand this, practically with a 5% or 10% deposit of YOUR money, they just run for you a software for risk management... that you could do alone with an excel or EA order management tool.
in holiday till end of November
  • #12,116
  • Edited 9:39pm Nov 2, 2022 9:28pm | Edited 9:39pm
ok the forum is getting HOT and I got a clear picture now.

So you are experienced and I know who is FTMO and MFF (this a bit less), so now I understand that for what you know, and it sure it is,
the most solid are FTMO-MFF. Also you said something good about E8.

While TFT-TFF we have to see how it end. The Prop Trading? defunct? :-))

So I want to clean my sheet from the shit. First of all I will not track any phase 3, loss of time.

Also I could cut so all names like FTUK, CityTradersImperium, thr5ers etc etc, especially UK seem more expensive as commissions and more oriented on sell side, training-lessons etc

what about then FTplus?
What about MENT funding (almost nobody here I think is with them)

And just a word on SurgeTrader, they seem to work well with website, support, emails etc, may be they have a chance, but if we look to ratios... is always the same story

I want to clean my sheet from shit, I will delete something tonight...

P.S.: I made the cut, I don't think you will miss them ....

I want delete also the phase 3 no sense of E8, while to make another 5% for free for them when could be 12.5K of your funded account already with a 2phase?
can I delete it? will you miss it? no...
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in holiday till end of November
  • #12,117
  • Nov 2, 2022 10:47pm Nov 2, 2022 10:47pm
Quoting forexbali
what about then FTplus?
What about MENT funding (almost nobody here I think is with them)
And just a word on SurgeTrader, they seem to work well with website, support, emails etc, may be they have a chance, but if we look to ratios... is always the same story
ALL the above prop firms offer the same shit ----trailing max DD
  • #12,118
  • Nov 2, 2022 11:22pm Nov 2, 2022 11:22pm
Quoting forexbali
how to be out of radar so?
-Trade multiple accounts using very conservative risk. If you have (10) 200K accounts, you could set your profit target to something extremely modest, such as $150/day. After taxes, that's over 10K pure profit, per month. No prop firm is going to flag your account for $150/day (or collectively $450/day with multiple accounts).

Not only is this approach much better in terms of risk-management, but you will never have to worry about a prop firm looking for ways to kick you out because you are not disrupting anything whatsoever. You can also trade smaller, allowing you to minimize or even eliminate slippage. Under the radar in every way, except for maybe the tax man.

Aside from having your stable earners where you trade small, I also think that it is good to have secondary accounts for higher-risk trading. Best of both worlds; no need to limit yourself.

And if you do happen to have multiple stable earners, better to separate them into at least two batches, if possible, where you trade the first (5) accounts during the first half of your trading day, then trade the remaining (5) accounts during the second half of your trading day, allowing you to have something to fall back on in case something happens. If something happens, and you happen to lose some accounts, you can divide and conquer again, as needed, to further-mitigate risk.

This is all basic stuff, really. There are many different ways to manage risk, and part of managing that risk is staying under the radar. So, if you do have higher-risk, secondary accounts, then maybe it's better to use a different firm so that you can separate your stable earners from your 'louder activity'.
  • #12,119
  • Nov 3, 2022 12:08am Nov 3, 2022 12:08am
Quoting andrelucas
Has anyone here ever received a payment from a prop firm? If so, could you give me some tips? {image}
My profit split payout from today, I've never had an issue during withdrawals getting the funds to my bank account, max time was approx 2-3 business days, but most of the time I get it one day after processing, super fast. I highly recommend ftmo if you're in the prop firm lane!
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  • #12,120
  • Nov 3, 2022 2:45am Nov 3, 2022 2:45am
Quoting Takisd
{quote} "didnt fill on our liquidity" shit like that. Normally nonsense. TFF have started doing that too, and a bit of excessive slippage at random times.
Even on a crook book I think that would be reason for "only" correcting trades but not ban a trader, IMO. He did nothing wrong.

I was more interested in reasons for banning them for life.
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