Prop Firm Hub | Page 749 | 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

  • #14,961
  • Apr 14, 2023 2:47pm Apr 14, 2023 2:47pm
Quoting Nsak3y
Another email from Traders With Edge: Black Friday promo: {quote}
Wow that is quite a hefty discount. They are obviously not getting enough business!
I seem to remember someone saying a few months ago that they never got paid so are they trustworthy
  • #14,962
  • Apr 14, 2023 4:38pm Apr 14, 2023 4:38pm
mff rating on trustpilot lowered to 4.8 from 4.9 most issues are about slippage and huge spreads. is this real?
  • #14,963
  • Apr 14, 2023 4:59pm Apr 14, 2023 4:59pm
Quoting tradealltime
mff rating on trustpilot lowered to 4.8 from 4.9 most issues are about slippage and huge spreads. is this real?
They had a big slippage one weekend that cost quite a few people their accounts when I last had one with them, but that was over a year ago. Their Discord group was full of complaints about it. But a lot of the people there were novices who knew nothing about rollover too, so I took most of it with a grain of salt.
  • #14,964
  • Apr 14, 2023 5:54pm Apr 14, 2023 5:54pm
Quoting tradealltime
mff rating on trustpilot lowered to 4.8 from 4.9 most issues are about slippage and huge spreads. is this real?
Every news cycle it happens. The newbies come in and complain, then as the news cycle ends things are normal again and it goes back up.

Edit: Yeh i scoped through it, not that trustpilot actually means anything, its just the newbie idiots and a few people trying to get support without going to support plus the ads with links in it. a lot of "I TRADE RED NEWS AND MY STOP LOSS NOT RESPECTED" type junk
  • #14,965
  • Apr 14, 2023 6:25pm Apr 14, 2023 6:25pm
Quoting Bizziebee
I seem to remember someone saying a few months ago that they never got paid so are they trustworthy
-I have not seen anything like that about this firm. If you can find where that was stated and share it here, I would really appreciate it.
  • #14,966
  • Apr 14, 2023 6:27pm Apr 14, 2023 6:27pm
Quoting Vitore
{quote} First trouble in MFFX paradise ...kind of, but everything's resolved by now. I requested my third payout last night (first payout from my second account) and the approval took about 17 hours instead of the usual one. So the account was not tradeable for that time either. When following up on that with support they first responded that I exceeded the maximum account size (which wasn't true of course) and after that they only asked me to be patient as they were still looking into it. I have no idea what exactly the problem was. Officially...
Sometimes there are a few hiccups, they get a little distracted, make mistakes. However, their credibility continues to increase. MFFX is gradually becoming a real machine, perfectly oiled. They even how to do tests with 10% DD. For me, only MFF and E8 are in front. But MFFX is simply great.
  • #14,967
  • Apr 15, 2023 1:43am Apr 15, 2023 1:43am
A new promo of MFFX:

MAJOR MILESTONE PROMO

We have officially hit 30,000 discord members and are going to give back with a 30% coupon code

Coupon Code - 30K
Benefit - 30% off
Timeframe - 100 uses

ONLY APPLIES TO NEW 250K CHALLENGE

This promotion is also exempt from the 300k max capital rule so if you already have 300k you may also purchase this promotion as well!
Money is made by sitting, not trading
  • #14,968
  • Apr 15, 2023 2:59am Apr 15, 2023 2:59am
Good morning. I have 3 Stocknet accounts, and just bought a 20 K MFF.
So far so good.

I am in both Discord chats, and I see a lot of 300 Bucks payments, nice.

BUT, my question: is there anywone out there who scaled up to 1Million or more, AND getting payed?
There are obviously a whole bunch of very good traders around, but I could hardly imagine they are not shooting for the real money.
  • #14,969
  • Apr 15, 2023 3:35am Apr 15, 2023 3:35am
Quoting cuchuflito
Good morning. I have 3 Stocknet accounts, and just bought a 20 K MFF. So far so good. I am in both Discord chats, and I see a lot of 300 Bucks payments, nice. BUT, my question: is there anywone out there who scaled up to 1Million or more, AND getting payed? There are obviously a whole bunch of very good traders around, but I could hardly imagine they are not shooting for the real money.
Right now you have nothing to worry about MFF. There's plenty of proof of huge payouts up to 6 figures.
  • #14,970
  • Apr 15, 2023 3:45am Apr 15, 2023 3:45am
please advice me guys, im looking for a good and not expensive prop firm that either offers unlimited time period, or 1 step funding or good extention rules, the 6%minimum for extention on MFF is alot... right now i have MFFX on my list, please assist with others to look at tnx
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #14,971
  • Apr 15, 2023 3:48am Apr 15, 2023 3:48am
Quoting Soros
please advice me guys, im looking for a good and not expensive prop firm that either offers unlimited time period, or 1 step funding or good extention rules, the 6%minimum for extention on MFF is alot... right now i have MFFX on my list, please assist with others to look at tnx
The current MFFX promo which I posted above is one of the best offers I've ever seen from any prop firm (at least for me)
Money is made by sitting, not trading
  • #14,972
  • Apr 15, 2023 4:35am Apr 15, 2023 4:35am
For Futures traders, the best offer on the prop firm market.
Attached Image (click to enlarge)
Click to Enlarge Name: 341048128_937028527336229_2403327096336335533_n.jpg Size: 229 KB
  • #14,973
  • Apr 15, 2023 5:22am Apr 15, 2023 5:22am
Quoting Soros
please advice me guys, im looking for a good and not expensive prop firm that either offers unlimited time period, or 1 step funding or good extention rules, the 6%minimum for extention on MFF is alot... right now i have MFFX on my list, please assist with others to look at tnx
Difficult to advise because the ones with unlimited are either new and/or have some rules that you may not like.
As far as I know these are the ones with ulimited:
- Bespoke
- Finotive
- MyFundedFx
- BigPip

Finotive has some rules that you may not like such as SL in 60 seconds for all orders and maximum of 50% of daily DD in a single instrument (I think it's confusing to track all that if you have a lot of trades everyday).

BigPip seems to have a lot of problems right now (delays in providing credentials, KYC, long delay to get answers).

BeSpoke has the 2 minute rule in news in funded account and I think no positions during weekend. I've seen already some payout proofs but who knows....

I would go for MFFx (Vitore here already received a couple of payouts - check past 2 or 3 pages), but this is a very borderline advise because you will be swimming, anyway, in a tank of new firms. We don't know who (if any) will be here in 6 months.

For 1 step challenges the main problem is that some of them have trailing max DD which is bad. You have to make sure that you get what you're comfortable with. See the table I left here:
https://www.forexfactory.com/thread/...5#post14394685
  • #14,974
  • Apr 15, 2023 5:49am Apr 15, 2023 5:49am
Quoting Capablanca
I think I never wrote about Funded Next before. Funded Next has terrible reputation but some of you know that I’m very reckless when testing props, provided that they are around for some time and I see some payouts for some time. It has been a profitable strategy so far. With these companies I make sure I respect all rules (and I don't use EA anywhere because I don't know how to use that, never used it). So, I tested Funded Next some time ago. Short version: they pay but I don’t recommend them at all. Their system/dashboard has a lot of glitches...
first of all Funded Next has not MT5 but only MT4
as you teached me, not many using them. That's why is not in the top 5-7 you use.
and finally, is so hard to pass challenges and make a portfolio of accounts that till you will make a portfolio with FTMO MFF TFT etc will pass so many time that you won't arrive to diversify with Funded Next and some other player like may be MFFX, E8, 5ers etc will be better option to try.
in holiday till end of November
  • #14,975
  • Apr 15, 2023 5:51am Apr 15, 2023 5:51am
Quoting Vitore
A new promo of MFFX: MAJOR MILESTONE PROMO We have officially hit 30,000 discord members and are going to give back with a 30% coupon code Coupon Code - 30K Benefit - 30% off Timeframe - 100 uses ONLY APPLIES TO NEW 250K CHALLENGE This promotion is also exempt from the 300k max capital rule so if you already have 300k you may also purchase this promotion as well!
if somebody join in MFFX please us "ECN" as affiliate code, and let me know if you get additional benefit. Thanks.
in holiday till end of November
  • #14,976
  • Apr 15, 2023 5:56am Apr 15, 2023 5:56am
Quoting Capablanca
{quote} Difficult to advise because the ones with unlimited are either new and/or have some rules that you may not like. As far as I know these are the ones with ulimited: - Bespoke - Finotive - MyFundedFx - BigPip Finotive has some rules that you may not like such as SL in 60 seconds for all orders and maximum of 50% of daily DD in a single instrument (I think it's confusing to track all that if you have a lot of trades everyday). BigPip seems to have a lot of problems right now (delays in providing credentials, KYC, long delay to get answers)....
Phase 1 are here, for me too MFFX is the best option.

FINOTIVE their page and rules are scaring. They are interesting. They presence in Hungary is a clear way to show they want to compete with TFT or FTMO.
But their rules seem more an obstacle they want to create to traders than an help.

I don't like at all the phase 1 for the relative/trailing drawdown. I would opt only for 2 steps program, and for instant funding, just for small accounts, I still waiting somebody that will review the RAPID NCA program at MFF, they refund the fees, and is so the best and unique good option for who choose an instant funding.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-04-15 at 12.52.20.png Size: 45 KB
in holiday till end of November
  • #14,977
  • Apr 15, 2023 6:05am Apr 15, 2023 6:05am
Quoting Soros
please advice me guys, im looking for a good and not expensive prop firm that either offers unlimited time period, or 1 step funding or good extention rules, the 6%minimum for extention on MFF is alot... right now i have MFFX on my list, please assist with others to look at tnx
I would take time and thing again about 1 step. All what I learnt here is precious. You just need a 3% more profit with a 2 step challenge to get big benefits!

I think the best for now is to try the MFFX 2 steps with NO LIMIT. If you choose them, please use "ECN" as affiliate code, it's my code.

Hope it helps.

Just to remember: MFFX was the real best Phase 1 program with an "absolute" drawdown. Few days ago they changed it and now is exactly as TFT and FT+ as trailing drawdown to Initial Balance will be an issue to look at.

This mean that to offer an absolute drawdown in Phase 1 was a too good deal for us. This mean that Phase 1 is too good for props like it is now.

Again, I would look only to 2 steps or Instant Funding, Phase 1 is useless on my view.

Tell us why you are attracted by Phase 1, and we will try to understand which psychological reason bring traders to think that Phase 1 can be better of Phase 2.
Everybody will explain that more you go up from Phase 2 to IF, less benefits you will have.

If you think to be profitable, no reason to go to P1 or IF, if you think to be unsure of your performance, I would go directly on a RAPID NCA at MFF... In the middle there is nothing. IMHO.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-04-15 at 13.06.01.png Size: 315 KB
in holiday till end of November
  • #14,978
  • Apr 15, 2023 6:09am Apr 15, 2023 6:09am
Quoting tradealltime
mff rating on trustpilot lowered to 4.8 from 4.9 most issues are about slippage and huge spreads. is this real?
I used MFF week ago.

Their spread was good. Only I can complain for crypto... with a large spread and no trading in weekend.

German DAX had 0 spread! many times, don't know how they can do it.
Sometime I have seen OIL with zero spread. How possible?

I was in eval challenge.

MFF is good. About slippage we have to check when it happens, if during news, how many pips, and this happen even in Ic Markets with huge slippages there and a tiny book.
in holiday till end of November
  • #14,979
  • Apr 15, 2023 6:16am Apr 15, 2023 6:16am
Quoting Vitore
{quote} First trouble in MFFX paradise ...kind of, but everything's resolved by now. I requested my third payout last night (first payout from my second account) and the approval took about 17 hours instead of the usual one. So the account was not tradeable for that time either. When following up on that with support they first responded that I exceeded the maximum account size (which wasn't true of course) and after that they only asked me to be patient as they were still looking into it. I have no idea what exactly the problem was. Officially...
Sorry. Which is your account size? they allow 300K, so 1 of 300K or 200+100.

And then there is the scaling.... so very hard to say that you reached the max account size. And nothing to do with payout.

I wouldn't get ansia if for a payout I need to wait sometime more. You are in the top 1% of who achieved a funded account and may be in the top 0.5% even get a payout. When you are diversified, you will spend this time on other accounts, funded, or challenge, or you'll simply relax.

This business is a nightmare for traders. Their goal is to make money on who fail.
I would not argue, never, with them and trying to me more polite possible. They can ban you at any time just because you are a cost for them.
We need to play their game...

it's not your case, just speaking generally. A youtube or who promote them... has for sure much more power and influence to don't get a ban because he can immediately complain to a large audience.
in holiday till end of November
  • #14,980
  • Apr 15, 2023 6:58am Apr 15, 2023 6:58am
Quoting Soros
please advice me guys, im looking for a good and not expensive prop firm that either offers unlimited time period, or 1 step funding or good extention rules, the 6%minimum for extention on MFF is alot... right now i have MFFX on my list, please assist with others to look at tnx
Might want to check out BuoyTrade (specifically Apex account). No daily drawdown, 5% static drawdown (from starting balance, not trailing), no time limits, 1 trade per week minimum, no other rules. At 5% profit you can request scaleup without any withdrawals, or at 10% you can withdraw and scale up. Since they are so cheap and the accounts are small to begin with, it makes sense to just scale up at 5% for the first 2-4 levels before withdrawing, but the choice is yours. I try to get my initial investment back as quick as possible, but there's little point in withdrawing before Level 2.

Pros:

  1. Very responsive Telegram group. CEO and account managers are in there every weekday.
  2. Extremely easy rules.
  3. "Instant" accounts, no phase 1 or 2, get paid from your first level if you'd like, or scale up faster instead.
  4. No time limits.
  5. No minimum trading days for scaling.
  6. Payout every 2 weeks.
  7. Scale to $1M in 10 levels.
  8. Max 10 accounts per trader (up to $10M capital).
  9. Profit split increases to 80% at Level 10.
  10. You choose whether to scale faster at 5% profit and forego profit split, or withdraw AND scale at 10% profit. It makes sense to scale faster on some of the lowest levels, and then take your time and keep profits on Level 4 or 5 and upward.
  11. Any trading style allowed: EAs, algo trading, trade copying, weekend and overnight holding, news, you name it. Tick scalping is not, but HFT is if you let them test your EA and see if it's profitable. All other EAs are allowed without testing.

Cons:

  1. Minimum 1 trade per week rule. I wish it was 1 per month. Put an EA on at low risk and 1 trade per week if traveling or vacation to keep account active.
  2. You can only join at "One Foot In" (basically Level 0), Level 1, or Level 2. All three are extremely affordable however. You can't skip any other levels.
  3. Max 10% profit per level. More is not recognized, you scale up to the next level instead. This really isn't a bad thing, just be aware of it. Put your efforts into the next level instead. At Level 10, this limit goes away of course.
  4. 50% profit split until Level 10, where it increases to 80%. However, it's your choice whether to split profit 50/50 at 10% target on each level, or to scale up faster at 5% target and forego profit split to get through lower levels faster. The encouragement is obviously to get to Level 10.
  5. Apex account has highest leverage at 1:20 for Forex and metals and 1:10 for indices. I don't find this a problem, because you only have a 5% target to scale up accounts (10% if you want a profit split), and unlimited time to do it. When you reach larger account levels, you don't need big risk for good profit.
  6. No dashboard yet. But with the only two rules being a 5% static drawdown from starting account balance, and minimum 1 trade per week, there's really no need for a dashboard for risk management. Still, it would be nice to have someday.
  7. MT4 only. They use Eightcap and I wish they offered MT5 as well. No plans to do so in the immediate future though.
  8. Scaleups and payout requests can take 1-3 business days. They have not automated this yet and it is done by a human. This isn't necessarily a bad thing either, but it means patience, especially over a weekend or holiday. Larger accounts (Level 4 and higher) take longer to scale because real accounts with real capital are setup on the broker. Lower levels are quicker with demo accounts and are usually same day or next business day.

Summary:
It will take patience to grind through lower levels to get to bigger accounts and bigger payouts. They are looking for long term traders that don't blow accounts, not gamblers with high risk. The tradeoff is time instead of money for investment. Because it's so cheap and the rules are so simple with no time limits, it's a good prop firm to run in parallel to others like FTMO, MFF, or e8Funding that have 2 phases and require higher risk to pass in 30-60 days. Get your initial investment out at Level 2 or 3 (not worth withdrawing profits below Level 2 frankly), and then skip payouts for a few levels to scale up faster to Level 5 or 6 for bigger payouts. Maybe skip a payout every other level until Level 10 to get there faster, or skip payouts entirely if you have other prop firms making you money. You can also re-invest a payout into another account to get up to 10 accounts running and trade copy between them. Be patient when getting into real accounts with real capital at Level 4 and higher. They take a few days to fund when scaling up, hence why it's good to run in parallel with other prop firms.

44 traders viewing now