Prop Firm Hub | Page 746 | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #14,901
  • Apr 13, 2023 2:09am Apr 13, 2023 2:09am
So thanks for the update

I added the "IB" yellow to MFFX 1 step challenge

also please note that this kind of trailing drawdown is in every the funded trading plus FTP in every program

Please vote this post to eliminate FTP from the spreadsheet and abandon them in the spreadsheet because has no sense to pay a challenge almost the same price of other TOP 3-5 prop firms and get a trailing drawdown and even higher profit target

so I would eliminate FTP from the instant funding and 2 step challenge for sure and I will leave just TFT MFFX FTP for now in the phase 1 category list just too keep in mind to traders about the cons to use a phase 1 challenge.

About FINOTIVE and what said Capablanca, I will take a look and if more than 1 people here suggest to add them I will add them at least in the phase 1 if it is a really better option. Please remember me the pros and cons of FINOTIVE so when I check their page I will have a clear idea if worth to add them or not, at least in the phase I category for who love them.

Frankly I have seen in the past weeks more posts about MFFX and very few about Finotive but if some of the master here says that we can trust them I could add in the spreadsheet.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-04-13 at 09.05.46.png Size: 288 KB
in holiday till end of November
  • #14,902
  • Apr 13, 2023 2:45am Apr 13, 2023 2:45am
Quoting Capablanca
{quote} Was this a static DD before ?
Yes. On top of that they blame 8cap for being the reason for the new DD rule which is most probably a lie.
  • #14,903
  • Apr 13, 2023 2:57am Apr 13, 2023 2:57am
So I am going now for the MFF conventional accelerated starting at 20K.
Wish me luck, allthough I read from a young algo trader nerd:
..." luck is for the lazy and superstitious, it is all about possibilities,probabilities, and actuality".
  • #14,904
  • Apr 13, 2023 3:07am Apr 13, 2023 3:07am
Anyone from UK here?? How you calculate your tax if u are self employed and props are your second income ...?? I believe Capital Gain Tax is the one I should choose, but maybe someone contacted HMRC or took any professional advice in past and can clarify topic.
  • #14,905
  • Apr 13, 2023 3:10am Apr 13, 2023 3:10am
Quoting cuchuflito
So I am going now for the MFF conventional accelerated starting at 20K. Wish me luck, allthough I read from a young algo trader nerd: ..." luck is for the lazy and superstitious, it is all about possibilities,probabilities, and actuality".
Best wishes.

You are welcome to post your ongoing progress if you wish.

Masterrmind............
Master your Mind then Master your Trades
  • #14,906
  • Edited 6:21am Apr 13, 2023 3:14am | Edited 6:21am
Quoting cuchuflito
So I am going now for the MFF conventional accelerated starting at 20K. Wish me luck, allthough I read from a young algo trader nerd: ..." luck is for the lazy and superstitious, it is all about possibilities,probabilities, and actuality".
I think the rapid is much better! you will get like 100% payout on a 12500$ account and much higher drawdown...

plus if I understood well you will gain another account after 3 months with payout of 80% on 10K starting

rules for rapid not so easy to understand, if some RAPID NCA user could make a nice review, even if a real small account of max 12.5K it is the best instant funding worth a try for who loves Instant. You can also have 3 merged account so a theoretically 37.5K instant funding up to 12% drawdown is not bad with 100% payout with my calculations.

Can i merge my Rapid Accounts?
You can merge your Rapid accounts if they meet the following criteria:
– The accounts must be at initial balance (so if the account has been traded on,
then you will need to wait until after your next payout when the account is reset to initial balance).
– Total amount must not exceed $100,000. However, we allow a total allocation of $300,000 per member
(For example: You can have 3x 100k to have the maximum allocation of 300k)
Rapid demo accounts can only be merged with other Rapid demo accounts and Rapid Live accounts can only be merged with other Rapid Live accounts.
To merge your accounts, please send an email to [email protected] with the account numbers that you wish to merge.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-04-13 at 10.15.55.png Size: 27 KB
in holiday till end of November
  • #14,907
  • Apr 13, 2023 4:30am Apr 13, 2023 4:30am
Quoting TraderTero
{quote} Looks like they have changed their DD rules to worse: https://intercom.help/myfundedfx/en/...-account-rules I was planning to get their 250K account but not any more.
Thats the drawdown rules for the one step account, the two step accounts have static drawdown

Was the old one step static? If so that's a much worse offer but the two step is still fine
  • #14,908
  • Apr 13, 2023 4:48am Apr 13, 2023 4:48am
Quoting smiley1910
{quote} Thats the drawdown rules for the one step account, the two step accounts have static drawdown Was the old one step static? If so that's a much worse offer but the two step is still fine
Right, the 2-step seems to be still fine. On the page they state that "Due to switching over to Eightcap it has made us have to change some of our rules for our 1 Step challenge." and they switched over to 8cap just a couple of weeks ago which I think was a big mistake. I'm on their FECH MT4 and it's much better than 8cap.
  • #14,909
  • Apr 13, 2023 4:49am Apr 13, 2023 4:49am
I've said this before but BigPip Funding is looking really bad in the Telegram group, both for delays in providing accounts and process KYC, as well as deleting Discord claims and limiting 1 Discord message each 6 hours.

Several claims:

"I have done so since 6days ago, but they keep saying - "Hello, we are sorry for whatever inconvenience this might have caused you, please understand that we are currently faced with technical issues and our team behind the scenes are working to resolve it reason for the delay in getting your issue resolved
Please bear with us""

Same guy:
"Honestly, this is not intended to downgrade BigPip Funding as I already have an account with them and I wish that they retrace; However, I don't want to believe that the admins of this channel are aware of the many unresolved issues trailing Bigpip at the moment and are still promoting them. What explanation do you have for asking a client to wait for 2weeks and still counting just to do KYC before getting funded.
In my own case, after passing phase 1 & 2, have been waiting for a week now Just to do KYC before getting funded. Prior to this time, my phase 1 account which was up about 6% in profit became inaccessible; After reaching the support, they flushed the profit away and gave me a fresh account apologizing that it was a technical glitch with the broker Eightcap - thanks to the introduction of a new broker 'Purple trading' . However, this issues are still recurring for those with Eightcap account amidst other issues of being asked to wait endlessly for payout or not being paid at all.
I believe BigPip Funding has a good business model; but it's not enough to have a good model as it is one thing to have a good business model and is another to meet-up with the said model. As far as am concerned, BPF seems not to be meeting up with its business model - thus, this channel is judging it from the spectacle of it's 'robust' model and not the sad reality on ground unfortunately.
While still being hopefully for a change, I want to reiterate that the reason why most of us subscribed to Bigpip is because of the trust we have for this channel. Please, do not allow BPF to drag your image to the mud - I believe you should reach out to them to know what the issues are. (my humble opinion though)
Sincerely, from a concerned heart."

Another guy:
"Same as my case. Pass phase2 12 day ago and now still waiting for KYC process to be done.
You said it right. I join a new firm like BigPip because of a big trust from this group and admins. But, my trust is now losing day by day.
Hope management board of BipPip can resolve whatever issues and comeback.
However, if running an own firm is too difficult for you to handle. Just refund all the fee and current profit split. Then close BipPip and focus on reviewing jobs that you have done well so far.
Just, my 2 cents."

Another:
"And another thing about bigpip discord I've noticed. In recent times, most of the critism from their clients have been removed and they were not even bashful comment to the firm. If they are doing an honest business, please be as transparent as they can. These kind of behaviour makes clients become fearful and lose trust for the firm"

Another:
"On discord you can only send message after 6 hours after you send one message on the general chat section with big pip"
------------------------

I would avoid BigPip until we see a clear improvement of their service. They grew up because their are owned by the same guys that run the group and people trusted it.
  • #14,910
  • Apr 13, 2023 5:05am Apr 13, 2023 5:05am
Quoting TraderTero
{quote} Right, the 2-step seems to be still fine. On the page they state that "Due to switching over to Eightcap it has made us have to change some of our rules for our 1 Step challenge." and they switched over to 8cap just a couple of weeks ago which I think was a big mistake. I'm on their FECH MT4 and it's much better than 8cap.
I hope they won't switch again since I am only starting the 250k acc today and will probably take 3 or 4 months to finish both phases. Not liking the fact most props are pop-ups tied to eightcap, they all have similiar trading hub/offers/conditions too.

If they remain stable I will probably try to accumulate the no-time-limit accounts under different props and try to make a portfolio of them.
  • #14,911
  • Apr 13, 2023 5:19am Apr 13, 2023 5:19am
Quoting smiley1910
{quote} I hope they won't switch again since I am only starting the 250k acc today and will probably take 3 or 4 months to finish both phases. Not liking the fact most props are pop-ups tied to eightcap, they all have similiar trading hub/offers/conditions too. If they remain stable I will probably try to accumulate the no-time-limit accounts under different props and try to make a portfolio of them.
About 8cap: https://twitter.com/alyse_themv/stat...8R5MqCEWw&s=19
  • #14,912
  • Apr 13, 2023 6:03am Apr 13, 2023 6:03am
Quoting smiley1910
{quote} I hope they won't switch again since I am only starting the 250k acc today and will probably take 3 or 4 months to finish both phases. Not liking the fact most props are pop-ups tied to eightcap, they all have similiar trading hub/offers/conditions too. If they remain stable I will probably try to accumulate the no-time-limit accounts under different props and try to make a portfolio of them.
please can you list which are your favourites NO LIMIT programs props?
in holiday till end of November
  • #14,913
  • Apr 13, 2023 6:23am Apr 13, 2023 6:23am
Quoting smiley1910
{quote} Thats the drawdown rules for the one step account, the two step accounts have static drawdown Was the old one step static? If so that's a much worse offer but the two step is still fine
as I said may be they made a "mistake" and because was the best on the market as phase I for that reason only (their payout is less off the other phase I), they made a correction. They found an excuse of eightcap... but they could just say that they made a "marketing" mistake. I think that is the case, but you are more expert than me, so now doesn't matter what happened, they are the same of others.
in holiday till end of November
  • #14,914
  • Apr 13, 2023 6:26am Apr 13, 2023 6:26am
Quoting forexbali
So thanks for the update I added the "IB" yellow to MFFX 1 step challenge also please note that this kind of trailing drawdown is in every the funded trading plus FTP in every program Please vote this post to eliminate FTP from the spreadsheet and abandon them in the spreadsheet because has no sense to pay a challenge almost the same price of other TOP 3-5 prop firms and get a trailing drawdown and even higher profit target so I would eliminate FTP from the instant funding and 2 step challenge for sure and I will leave just TFT MFFX FTP for now...
Hey forexbali, I just saw your spreadsheets. Did you perhaps write it somewhere in the thread about how to read the spreadsheet? there are some things that I don't understand but would love to learn about, Thanks!
  • #14,915
  • Apr 13, 2023 6:58am Apr 13, 2023 6:58am
Quoting Aldo420
{quote} Hey forexbali, I just saw your spreadsheets. Did you perhaps write it somewhere in the thread about how to read the spreadsheet? there are some things that I don't understand but would love to learn about, Thanks!
are so many column that to describe all would take to long, I will try to link each header of the columns are write a description, or to make soon a website-blog to keep it online. Thanks to say that.

Please for now try just to make a screenshot and cut it for the part you need help and I will explain and ask here, or via private message or I can leave an email if needed, i added right now an email to contact me via email, as I can I will create a dedicated email or blog or website.
in holiday till end of November
  • #14,916
  • Apr 13, 2023 7:53am Apr 13, 2023 7:53am
These guys seem legit and pay out. Have not investigated their trading conditions

Inserted Video
  • #14,917
  • Apr 13, 2023 9:00am Apr 13, 2023 9:00am
Quoting smiley1910
{quote} Unsure if links are allowed but MFFX launched a promo last night where you can get a 2 stage 250k acc with 10% acc DD (https://twitter.com/MyFundedFX/statu...47162445676553) This is what made me purchase and its a lot cheaper than the 300k challenge. Spreads are very good, they are much lower than my TFT acc but my TFT acc is real whereas this is a demo account so I would imagine they will increase when I am funded and on a real acc.
I only trade XAU and US indices so cannot comment on FX but their spreads are same good on the funded account so no need to worry I guess
Money is made by sitting, not trading
  • #14,918
  • Apr 13, 2023 9:03am Apr 13, 2023 9:03am
Quoting Bizziebee
These guys seem legit and pay out. Have not investigated their trading conditions https://www.youtube.com/watch?v=FVpnonzHro0
Have been using them. The normal 8cap thing with relatively good terms.
  • #14,919
  • Edited 9:18am Apr 13, 2023 9:03am | Edited 9:18am
Quoting TraderTero
{quote} Looks like they have changed their DD rules to worse: https://intercom.help/myfundedfx/en/...-account-rules I was planning to get their 250K account but not any more.
This applies to 1-step only. 2-step challenge rules remain untouched
Money is made by sitting, not trading
  • #14,920
  • Apr 13, 2023 9:09am Apr 13, 2023 9:09am
Quoting forexbali
{quote} To surf in MFFX and find pricing is difficult! They will understand a day and fix it. However if you register you will enter in the dashboard and seenthe prices! Also there is a free contest and every month you can win a challenge.
From their Discord:

Challenge prices :
5k - > $50
10k - > $100
25k - > $200
50k - > $300
100k - > $500
200k - > $950
300k - > $1399

Note: Swap-Free option will cost you extra 20%.
Money is made by sitting, not trading
108 traders viewing now