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  • #12,961
  • Dec 12, 2022 6:38pm Dec 12, 2022 6:38pm
Quoting benaiah
{quote} so with FC, on a 250k account it would be payout of 5000 plus the free eval which is over a thousand value. So that is pretty good. however I thought it was a free live account but is not. So it is not really a “double your account” deal, but a “chance” to double your account. Lol
Right, so on a 300K MFF account, you get 2% of stage 1 (once you complete stage 2), 4% of stage 2 and 112% of your fee back with your first profit split. So $480+ $600 + $1,555.....so $2,638, you can actually purchase another $300K AND put the original $1389 back in your pocket. Plus 8% target with 12%DD (67%) vs. 10% with 5% DD (200%)..........no brainer. I understand you are already funded with MFF, but what i am saying is every firm refunds your fee with first split so you can always use that for " a chance to double your account" instead of taking the refund. Fedelcrest is a horrible deal for traders.
  • #12,962
  • Dec 12, 2022 7:45pm Dec 12, 2022 7:45pm
Quoting pipmaster77
{quote} Right, so on a 300K MFF account, you get 2% of stage 1 (once you complete stage 2), 4% of stage 2 and 112% of your fee back with your first profit split. So $480+ $600 + $1,555.....so $2,638, you can actually purchase another $300K AND put the original $1389 back in your pocket. Plus 8% target with 12%DD (67%) vs. 10% with 5% DD (200%)..........no brainer. I understand you are already funded with MFF, but what i am saying is every firm refunds your fee with first split so you can always use that for " a chance to double your account" instead...
ok
  • #12,963
  • Dec 12, 2022 9:02pm Dec 12, 2022 9:02pm
Quoting turnip15
No time limit with this UK firm and static drawdown level hit when target reached - see the video for explanation. https://www.fundedtradingplus.com/drawdown-information/
Attached Image (click to enlarge)
Click to Enlarge Name: Wd850Sv.png Size: 42 KB


Basically, you are not allowed to withdraw all your earning
  • #12,964
  • Dec 13, 2022 12:55am Dec 13, 2022 12:55am
Just caught up reading on the thread..

Would like to recall:

Quoting Thoughts
If a liquidity crisis is coming, what do we think that means for props?
Quoting Thoughts
Just a thought for everyone on here: IF less liquidity, then less fees for props, means less capacity to pay traders, means increased probability props fold, except orders are being routed to market.. Perhaps this is worth a bother when selecting for a prop..
Be careful out there everyone..
  • #12,965
  • Dec 13, 2022 2:00am Dec 13, 2022 2:00am
Quoting mixedbags
{quote} {image} Basically, you are not allowed to withdraw all your earning
Maybe I've misunderstood it but I interpreted it to be used as a buffer, so instead of having to withdraw everything each withdrawal and starting from scratch again you can build/compound your DD buffer over time, you can't have it both ways? If this is the case that would be a very beneficial feature for me, married with the scaling plan this could be very useful indeed.
  • #12,966
  • Dec 13, 2022 3:38am Dec 13, 2022 3:38am
I just started 25k on FTMO. I noticed spreads are pretty high on prop firms
No pen no gen
  • #12,967
  • Dec 13, 2022 4:05am Dec 13, 2022 4:05am
Another announcement from TPT. Don't know what is this for if this was a shut up of a scammer operation:

https://www.instagram.com/p/CmCwEj2g8nM/?hl=en
  • #12,968
  • Dec 13, 2022 4:47am Dec 13, 2022 4:47am
Hi, could somebody tell me what are the spreads on AUDUSD and EURUSD on the funded trader for London? Many thanks
  • #12,969
  • Dec 13, 2022 5:54am Dec 13, 2022 5:54am
Quoting benaiah
So those who trade more than one LIVE prop firm account, what firms are you with and are you happy with them? I was going to FundedNext but hear a lot of negativity about eightc@p and FundedNext is really new to the game and don’t want FTMO if it uses same data feed as MyFF so I’m considering Fedelcrest…
With fidelcrest when u get funded they will count your average trade size and u will be limited by this size. Also they can add SL rule. Avoid them do not recommend. Also I chooses them because small BTC spread and then they add 15$ commission on crypto when funded. Read reviews on trust pilot it looks like they do everything to not trade comfortable with them.
  • #12,970
  • Dec 13, 2022 6:16am Dec 13, 2022 6:16am
Quoting mixedbags
Basically, you are not allowed to withdraw all your earning
-This sounds like Ment Funding. They basically move your max loss limit once you earn something like 10K on the account. They package it as if it is some huge benefit to traders to have a static loss limit, but in actuality, your profits are serving as the allowable loss, leaving the firm risk-free. Not only that, but if you elect to withdraw the entirety of the 10K profit, you will breach the account, even though it is your profit.

Quoting Fagin
If this is the case that would be a very beneficial feature for me
-If draw-down buffer is important, Trader's With Edge has customizable options to remove daily DD and set max DD to static.
  • #12,971
  • Dec 13, 2022 6:27am Dec 13, 2022 6:27am
I trade on FTMO since early 2021 so it will be over 1,5 year. I started with 160k € and now at 240k and probably next month I will be able for another scale on my capital, the profit split is 90% which is one of the best so I highly recommend them. Payout is really fast within 24h of approval. Today is actually my payout day so I can share my stats - https://trader.ftmo.com/metrix?share...53d8af&lang=en

I also traded on City Traders Imperium, but they changed a lot since when I started in 2020 and I just stopped. First they forced all to move from MT4 to MT5 in December of 2021 then after few months they reduced leverage to only 1:10 which is really bad. I couldn't trade one of most profitable scalping strategies at all as the lot sizes are so small due to such low leverage it's not worth my time. They foucus only on longterm traders it seems. I do also trade this but mostly I'm intraday...

I tested My Forex Fund but they changed servers or something few months back and now it's really not good for me. They have slippage on all my breakout trades and delay of few seconds. I was on my 8th free retake and during that I had a losing streak and my final balance was under the starting balance so I "finally" failed the trials. I might try them next year, but somehow I don't have good experience due to slippage... The rules seem as with many prop firms, so my complaint is only about the execution of trades.

I just recently passed First Class Forex Funds and I am trading 500k funded account and it will be my 2nd payout next week, so far they are lacking on technical support, but the rest seems OK. The 500k balance is really nice as most don't offer such capital from start. Only complaint I have is about the payout as it's taking a long time, I had my first profit split on 23rd of November and they approved it on 27th, so 4 days and then you also need to wait another 3 days to get it on Deel, so about a week of waiting to get your profit share. Also I didn't receive any refund on my purchase of trial account yet, they said it should arrive with payout, but it seems they changed this and you need to fill the form or something. So this I'll do on my next payout in a week. The rest seems OK, they have same rules as most props.

I will start probably another prop firm around new year, when they offer some discount and start trial after 15th of January when liquidity returns.
  • #12,972
  • Dec 13, 2022 6:40am Dec 13, 2022 6:40am
Quoting Nsak3y
{quote}-This sounds like Ment Funding. They basically move your max loss limit once you earn something like 10K on the account. They package it as if it is some huge benefit to traders to have a static loss limit, but in actuality, your profits are serving as the allowable loss, leaving the firm risk-free. Not only that, but if you elect to withdraw the entirety of the 10K profit, you will breach the account, even though it is your profit. {quote}-If draw-down buffer is important, Trader's With Edge has customizable options to remove daily DD and...
I looked at Traders with Edge, China based so not for me.. I value my ID and financial information. At least this side of the world I have some small legal recourse if needed, although it's probably semantic.
  • #12,973
  • Dec 13, 2022 6:53am Dec 13, 2022 6:53am
Quoting pipmaster77
So the conclusion. in light of what we are learning from virtually all of the firms either folding, changing rules, excessive slipping, etc........it looks as if we need to trade within 1% of the account size and/or cap it at about 5:1 leverage. Seems when you go above those parameters, your friendly neighborhood prop firm becomes not so friendly. To summarize, TPT has folded, TFF is manually editing trades, FTMO has sent out a 1% max and s/l required to "select" traders and TFT is excessively slipping orders........MFF??? anyone??? I truly believe...
Aren't MFF the slippage kings? I see all sorts of slippage complaints these days.
The only firm that has stayed consistent recently is Finotive and E8 in my opinion. It's almost as if Finotive knew right from the jump that they would need to put some risk management measures in place to remain afloat and keep things flowing smoothly..
Everyone else is just beginning to realize "oh snap, we may have to limit a few people, slip a few people, deny a few big payouts so we can keep making money"
  • #12,974
  • Dec 13, 2022 6:55am Dec 13, 2022 6:55am
Keep changing my mind on next firm

narrowed down to TFF or FundedNext…
  • #12,975
  • Dec 13, 2022 8:28am Dec 13, 2022 8:28am
Quoting navk
{quote} hi, My method is dollar cost averaging method.
I was curious what method you were using also - so you don't use the Highest Open / Lowest Open Trade method anymore ? There's a post on your profile from 2020 saying that's your preferred method.

I always thought thet dollar cost averagig was for investors rather than trader - nevert imagined you could use it on such a short-horizon as prop firm trading.
  • #12,976
  • Dec 13, 2022 8:38am Dec 13, 2022 8:38am
Quoting NarcoSantana
{quote} Aren't MFF the slippage kings? I see all sorts of slippage complaints these days. The only firm that has stayed consistent recently is Finotive and E8 in my opinion. It's almost as if Finotive knew right from the jump that they would need to put some risk management measures in place to remain afloat and keep things flowing smoothly.. Everyone else is just beginning to realize "oh snap, we may have to limit a few people, slip a few people, deny a few big payouts so we can keep making money"
Trading NAS100, the slippage was horrible. But US30 and GER30 working fine for me…
  • #12,977
  • Dec 13, 2022 8:40am Dec 13, 2022 8:40am
Quoting pipmaster77
So the conclusion. in light of what we are learning from virtually all of the firms either folding, changing rules, excessive slipping, etc........it looks as if we need to trade within 1% of the account size and/or cap it at about 5:1 leverage. Seems when you go above those parameters, your friendly neighborhood prop firm becomes not so friendly. To summarize, TPT has folded, TFF is manually editing trades, FTMO has sent out a 1% max and s/l required to "select" traders and TFT is excessively slipping orders........MFF??? anyone??? I truly believe...
I had huge slippage in TFTP ..both funded account as well as challenge account.

I reported to them about this. Let us see
Intraday only.
  • #12,978
  • Dec 13, 2022 8:40am Dec 13, 2022 8:40am
Quoting Fagin
I looked at Traders with Edge, China based so not for me.. I value my ID and financial information. At least this side of the world I have some small legal recourse if needed, although it's probably semantic.
-As I understand it, they are based in Hong Kong, Australia and U.S..

To be fair, your information can get stolen with any firm. I've had information get stolen through a number of US-based companies. It can happen with any company. Just have to make sure that you are working with a bank/credit card company that offers good fraud-protection and insurance etc..
  • #12,979
  • Dec 13, 2022 8:50am Dec 13, 2022 8:50am
Quoting rjay
I always thought thet dollar cost averagig was for investors rather than trader - nevert imagined you could use it on such a short-horizon as prop firm trading.
-DCA is just another way to scale into your position, similar to grid trading. I scale into all of my positions even when scalping the lower time-frames. It allows you to mitigate slippage but also position yourself better by averaging in at a better price-point (ideally).
  • #12,980
  • Dec 13, 2022 9:00am Dec 13, 2022 9:00am
Quoting Nsak3y
{quote}-DCA is just another way to scale into your position, similar to grid trading. I scale into all of my positions even when scalping the lower time-frames. It allows you to mitigate slippage but also position yourself better by averaging in at a better price-point (ideally).
Oh OK, that's not what I know as dollar cost averaging. DCA usually means taking a long-term position based on a longterm outlook, therefore ignoring direction of intraday price.
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