Prop Firm Hub

Quoting Cryptosurf

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{quote} Well done. I like that they automatically advance the next phase like most others. It’s puzzling to me that TFT still makes one wait 24hrs to advance to next phase. Then wait some more to get live account. Then wait even more for payouts.

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Quoting Cryptosurf

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{quote} Evertrader is off the list for me. I contacted support about commissions for indicies. They suggested i try the Purple Trading ECN demo since that is who they are using. Contract size is 5 and costs are $8 round trip. So my typical lot size of 20 lots would be $160 just to place that trade. Hard pass. I think thats even worse then E8.

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Quoting Vitore

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{quote} Are you sure about the commissions? I used to trade with them (a few years back) and still have some unused account which shows a different fees. First off, the lot size for indices appears as 50. Then the commission (as per the EverTrader FAQs here https://evertrader.com/what-are-your-spreads-and-fees/) is only $5 per lot, which should then mean $0.1 per one unit traded. If you trade 20 lots (normally sized as 1lot - 1 unit) your cost to place the trade should only be $2. They say they allow access to a trial account upon request,...

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Quoting Cryptosurf

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For comparison, here's TFT with the larger contract size (10x of MFF, FTMO) so if I take 20 lots on them, it would equate to 2 lots with TFT. Costs would be $10. ET is 5x the contract size, so cost would be $40. {image}

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Quoting Cryptosurf

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{quote} They dont have a "trial accounts". They will provide a link to purple trading and you'll have to specify the ECN account. See pics {image}{image}

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Quoting youngD

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Commission for Evertrader is 5$ total for 1 lot. But on dow 1 lot is 5 x bigger than cfd, and Dax 25 x bigger. So for example 0.1 lot Dow you pay 0.5 $ and one point is 0.5 $ value. For Dax 0.1 lot commission is same (0.5$ ) but point value is 2.5 Euro. Saying simple way comission for Dow = 1 point of index value For Dax is less than 0.2 point depending on eurusd rate.

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Quoting Bizziebee

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{quote} Yes the spreads are OK but the commission is a bummer. When I compared to E8 however, I'm pretty sure E8 is worse. As always it's "horses for courses" I suppose - you have to weigh up the pros and the cons. I still think there are worth a punt however due to the Phase 1 refund offer which of course they can remove at any time!

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Quoting Bizziebee

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{quote} Yes the spreads are OK but the commission is a bummer. When I compared to E8 however, I'm pretty sure E8 is worse. As always it's "horses for courses" I suppose - you have to weigh up the pros and the cons. I still think there are worth a punt however due to the Phase 1 refund offer which of course they can remove at any time!

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Quoting Cryptosurf

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{quote} It is not $0.5 for .1 lot size. {image} TFT also offers Purple as a broker option. However if you want to trade indicies you have to choose Eightcap. Stands to reason why. Purples commissions on indices are sky high. IMO cfd commissions should never be higher then actual futures contract costs. I use AMP futures and they are much less then what Purple offers and E8 as well.

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Quoting Vitore

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{quote} They have 3 account types. The question is what type they use for prop vs what type you tested. The commissions vary from $5 to $10 RT

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Quoting Cryptosurf

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{quote} They stated ECN, so when you sign up with the link they provided. you’re only given two options. So it stands to reason the ECN option is the one to choose. If someone who actually signed up can confirm these findings it would be ideal.

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Quoting Vitore

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{quote} ECN option still has 3 types (levels they call it). Look at the link i shared earlier. You cannot choose the type (level), it is assigned to you based on your trading history with them. You start with STANDARD ($10/lot) and later you can achieve PRIME ($8) or even VIP ($5). The test account you get upon registration would be STANDARD but for challenges/funded accounts i assume they might use VIP which is half the cost

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Quoting Nsak3y

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Objectively speaking, the offer may be good, depending on the person, but this firm seems to be doing a lot of sneaky stuff as if they are trying to trick traders. I also do not know of anyone that is trading with them. Anyone considering working with this firm should do their due diligence and investigate any reviews that may be available, at the very least.

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Quote

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I have completed the phase 1 of the fidelcrest 1 million challenge and after 5 days of review they said that my strategy is "inconsistent."
They will try to find any excuse as to why your strategy is inconsistent. In my case the reason was that out of the 23 trades that I took, one of them was 5 lots while all the other ones were 25-100 lots. Sorry but what if I did that by accident for example?

Quote

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I followed all the rules. Passed challenge 500k in 12 days. After waiting about 5 days for review they send me a mail that my strategy was inconsistent. I asked in the chat all the rules and i followed it. Before test they said i can open any size of lots now they r saying i failed because i opened large size of lots. I think this is goid way to take people's money -just say that your strategy is inconsistent without giving any reason.

Quoting Capablanca

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{quote} Most of the claims regarding Fidelcrest are related with consistency. The rule is too generic when they mention substantially larger or smaller positions compared with the history of the trader. It leaves the door opened for a lot of discretionary decisions. They even compare with other accounts that one may have, which is a problem because usually one is more aggressive in challenges because of time limitation than in funded. I saw this in Trust Pilot, for example: {quote} This one is less informative: {quote} I know we should take trust...

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