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  • #14,361
  • Mar 7, 2023 8:49am Mar 7, 2023 8:49am
Quoting Capablanca
MFF and FTMO (despite these late news about FTMO payout refusals).

Thanks very much. I know you have a lot of experience with these things, so I value your opinion.

I thought you might mention those two.

I've been trying to teach my nephew a bit about trading. He's developed his own "system" (it actually doesn't look terrible at all) which is now doing ok for him trading 6B and 6E futures on demo.

He has very little capital, definitely not enough to trade futures, and wants to try out his system on a "forex funded account offer", trading GBP/USD and EUR/USD instead, which seems perfectly reasonable to me.

I think FTMO's requirement for 10% profit in 30 days, albeit with a 2-week extension available if you're half-way there, might be asking a bit too much.

MFF looks a better bet for him, but at the moment that's Metatrader only, which he won't use (and I support that decision, to be honest).

So it looks like his answer is probably to wait for MFF to have Ctrader available, which they say will be soon-ish, and try that.

Thanks again for your input!
  • #14,362
  • Mar 7, 2023 9:46am Mar 7, 2023 9:46am
Quoting KarlKraus
{quote}MFF looks a better bet for him, but at the moment that's Metatrader only, which he won't use (and I support that decision, to be honest). So it looks like his answer is probably to wait for MFF to have Ctrader available, which they say will be soon-ish, and try that. Thanks again for your input!
Happy to see someone who thinks MT is of no use and prefers cTrader!
I'm not so sure about MFF introducing cTrader so soon as they had been promising it since they launched a few years back and haven't introduced it yet. The only change is they announced it now officially. So let's see. They have no chance to deny it now as they already did in once the past

One (terrible) option is to copy trades from cTrader to MT. Not as good as having native cTrader account but it can be made to work
Money is made by sitting, not trading
  • #14,363
  • Mar 7, 2023 10:52am Mar 7, 2023 10:52am
Quoting Vitore
The only change is they announced it now officially. So let's see.

News of that here - I hope it's reliable.
  • #14,364
  • Mar 7, 2023 11:08am Mar 7, 2023 11:08am
ctrader will be introduced or others because of the russian war, there lots of rumors of ban of all MT
in holiday till end of November
  • #14,365
  • Mar 7, 2023 11:20am Mar 7, 2023 11:20am
Quoting forexbali
ctrader will be introduced or others because of the russian war, there lots of rumors of ban of all MT
well the funny thing is that cTrader (Spotware) was actually founded by two russian guys, one of which is its current CEO...
Money is made by sitting, not trading
  • #14,366
  • Mar 7, 2023 1:09pm Mar 7, 2023 1:09pm
Quoting Vitore
{quote} well the funny thing is that cTrader (Spotware) was actually founded by two russian guys, one of which is its current CEO...
if they are also russian it is a problem however, because they know many traders are looking for ctrader, may be, ctrader will not be target as MT because MT is making right now 95% of all the forex transactions in the world.

To kill MT is like to get free 95% of market share... that would be a disaster in liquidity with major problems... or market disorder and volatility.

But I guess that they will be able to run MT somehow.
in holiday till end of November
  • #14,367
  • Mar 7, 2023 2:42pm Mar 7, 2023 2:42pm
Signed up for a 25K "The Knight" one step challenge on TFT, oooooooo, predictably childish. No auto credentials?

Wow, they send me 2 marketing emails every single day. Maybe they could get up to speed on the credential thing.

But at least they have cute emojis and stuff. Just what every 56 year old gravitates towards. Guess I'm
not their target audience.
Pride always comes before destruction.... -Proverbs 16:18
  • #14,368
  • Mar 7, 2023 2:44pm Mar 7, 2023 2:44pm
Hi!

I am not sure if someone mentioned it or not, but there is another prop trading firm that can be included in the list: thetradingpit . com
Risk Management is of utmost importance!
  • #14,369
  • Mar 7, 2023 2:53pm Mar 7, 2023 2:53pm
e8 trading conditions SUCKKKKK... thats all I can contribute today. They seem to be paying for a lot of advertising.
  • #14,370
  • Mar 7, 2023 2:54pm Mar 7, 2023 2:54pm
Quoting Takisd
e8 trading conditions SUCKKKKK... thats all I can contribute today. They seem to be paying for a lot of advertising.
can you be more specific?
in holiday till end of November
  • #14,371
  • Edited 4:12pm Mar 7, 2023 3:26pm | Edited 4:12pm
Quoting forexbali
can you be more specific?
-No! His contributions are concluded for the day. Maybe he will share tomorrow.

By the way, did you manage to hang on, or did you get stopped out?
  • #14,372
  • Mar 7, 2023 3:38pm Mar 7, 2023 3:38pm
Quoting Takisd
e8 trading conditions SUCKKKKK... thats all I can contribute today. They seem to be paying for a lot of advertising.
That's mildly understated imo. I wrote them off long ago due to their dog trading conditions.
Trade with confidence, trade without fear.
  • #14,373
  • Mar 7, 2023 3:48pm Mar 7, 2023 3:48pm
Quoting forexbali
{quote} can you be more specific?
Comm, spread, slippage.... swap, you name it it sucks.
  • #14,374
  • Mar 7, 2023 4:16pm Mar 7, 2023 4:16pm
Quoting Takisd
Comm, spread, slippage.... swap, you name it it sucks.
-Maybe they are planning to roll out updates, one-by-one, so that they can advertise each one of them separately, as such a great gift that is so worthy of praise. We would be so blessed.
  • #14,375
  • Mar 7, 2023 5:27pm Mar 7, 2023 5:27pm
Quoting Nsak3y
{quote}-Maybe they are planning to roll out updates, one-by-one, so that they can advertise each one of them separately, as such a great gift that is so worthy of praise. We would be so blessed.
I thought they were fine before they changed servers and started charging sky high commissions, especially on indicies. Their spreads were a bit wide, but was acceptable.
Trade with confidence, trade without fear.
  • #14,376
  • Mar 7, 2023 6:25pm Mar 7, 2023 6:25pm
I just realized that we are talking about E8. I thought that we were talking about TFTP.
  • #14,377
  • Mar 8, 2023 12:27am Mar 8, 2023 12:27am
Quoting Expo33
Signed up for a 25K "The Knight" one step challenge on TFT, oooooooo, predictably childish. No auto credentials? Wow, they send me 2 marketing emails every single day. Maybe they could get up to speed on the credential thing. But at least they have cute emojis and stuff. Just what every 56 year old gravitates towards. Guess I'm not their target audience.
Good luck!
I looked into it when they launched but the max loss is a trailing one so I gave up.
  • #14,378
  • Mar 8, 2023 12:31am Mar 8, 2023 12:31am
Quoting Takisd
e8 trading conditions SUCKKKKK... thats all I can contribute today. They seem to be paying for a lot of advertising.
Are you referring to indexes or forex ?

On forex they're not cheap but we can work with it.
EURUSD spread is around 0.5 to 0.7, execution is 0.2 to 0.3 in low lots and cost is 0.005% over the USD amount (so aprox 5.3 per lot, round turn).
Not the best around but it's not a catastrophe either.

Indexes I have no experience but I see people screaming in the prop group against them, saying it's impossible to trade indexes there.
  • #14,379
  • Mar 8, 2023 1:44am Mar 8, 2023 1:44am
Quoting Capablanca
{quote} Are you referring to indexes or forex ? On forex they're not cheap but we can work with it. EURUSD spread is around 0.5 to 0.7, execution is 0.2 to 0.3 in low lots and cost is 0.005% over the USD amount (so aprox 5.3 per lot, round turn). Not the best around but it's not a catastrophe either. Indexes I have no experience but I see people screaming in the prop group against them, saying it's impossible to trade indexes there.
correct for FX is decent, and spread on EURUSD arrive many times to 0, but stays aroun 1-2-3 points on liquid hours

when it is 0-1 is very decent, then slippage if they cheat.. don't know I used the free trials to check it.
in holiday till end of November
  • #14,380
  • Edited 2:36am Mar 8, 2023 2:00am | Edited 2:36am
Saw this in the prop group. Not sure if it's legitim.
Attached Image (click to enlarge)
Click to Enlarge Name: FTMO leverage.jpg Size: 115 KB

Edit: apparently seems legit

Attached Image (click to enlarge)
Click to Enlarge Name: FTMO leverage1.jpg Size: 81 KB
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