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  • #14,981
  • Apr 15, 2023 7:34am Apr 15, 2023 7:34am
Quoting tradealltime
mff rating on trustpilot lowered to 4.8 from 4.9 most issues are about slippage and huge spreads. is this real?
If you ever look at a props discord it will be full of newbie scalpers/gamblers with 5 pip stops complaining about the broker conditions. I wouldn't pay attention to it. I have a TFT, MFFX and MFF account and MFF offers the best conditions by far.
  • #14,982
  • Apr 15, 2023 7:58am Apr 15, 2023 7:58am
Quoting forexbali
{quote} 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...
any review about fidelcrest?I think fidelcrest have largest prop account provider among others,anyone have any experience with them?
  • #14,983
  • Apr 15, 2023 8:25am Apr 15, 2023 8:25am
Quoting forexbali
{quote} 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...
I have 200K+100K funded so maxed out with them (not counting their current promo which allows additional 250K)
I'm not too much worried about the trading pause in general, I just inform you all here that it happened, some seem little more sensitive to it :-) I contacted the support mainly because the approval took much longer than usual assuming something's wrong.

As for holding back, I don't think speaking up reasonably would be risky. From what I can see on Discord all these firms are flooded with a constant streams of so stupid and arrogant complains and absurd accusations that anything I tell them is a praise in comparison. Even my recent case with MFF had no consequences for me at all though it showed up I was wrong. I even retained their funded trader discord role. They must be made of teflon to survive all that they face there
Money is made by sitting, not trading
  • #14,984
  • Apr 15, 2023 8:28am Apr 15, 2023 8:28am
Quoting simjo
{quote} any review about fidelcrest?I think fidelcrest have largest prop account provider among others,anyone have any experience with them?
They have some stupid consistency rules, I wouldn't recommend them just for that
Money is made by sitting, not trading
  • #14,985
  • Edited 9:12am Apr 15, 2023 8:37am | Edited 9:12am
Quoting forexbali
{quote} 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.
Great advice.....you start with MFF and FTMO, once you max them, you move to TFTP and TFF ( although ? now as major issues this week), E8 and maybe 5%ers ( 2 step challenge only). Looks like MFFX can be tossed in the ring as well.
At this point, you would be trading at 5-7 firms, who needs BigPip, FundedNext, Finotive, etc?.......all of these firms with reported payout problems, DD and rules designed to make you fail, etc.
I trade live with 4 firms and I do not think I want or need to go beyond that, so I will never reach the bottom of the barrel. Ironically, some folks are starting at the bottom of the barrel and are not taking advantadge of a very lucrative opportunity because they are being scammed right out of the gate. If not outright scammed, atleast failing due to unfavorable rules and conditions.
  • #14,986
  • Apr 15, 2023 9:01am Apr 15, 2023 9:01am
Quoting forexbali
{quote} 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...
Exactly right. Everyone goes in with the intention of passing, correct? Therefore, you must look at what you receive after passing.....do you want 6% max loss or 10-12% max loss? Do you want trailing DD? Once you pass, you get the conditions and rules of the model you passed!
Said it many times, and I'll say it again......the 2 step challnege IS NOT FOR EVERYONE.....if you fall in that group, save your time and energy and just continue trading and compounding your own account......the reason being when you do instant funding and/or 1 step that is all you are doing anyway.......funding your own account, compunding with your own profits and PAYING THE FIRM for the priviledge of BUILDING YOUR OWN ACCOUNT.
For a profession heavily reliant upon math, this should really be a no brainer.
  • #14,987
  • Apr 15, 2023 9:03am Apr 15, 2023 9:03am
Quoting forexbali
{quote} 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.
Real market conditions equals real slippage. Firms that do not have this will not last......I promise.
  • #14,988
  • Apr 15, 2023 9:09am Apr 15, 2023 9:09am
Quoting pipmaster77
{quote} Exactly right. Everyone goes in with the intention of passing, correct? Therefore, you must look at what you receive after passing.....do you want 6% max loss or 10-12% max loss? Do you want trailing DD? Once you pass, you get the conditions and rules of the model you passed! Said it many times, and I'll say it again......the 2 step challnege IS NOT FOR EVERYONE.....if you fall in that group, save your time and energy and just continue trading and compounding your own account......the reason being when you do instant funding and/or 1 step...
1 step challenges would have to show up in the market with identical value for money that the 2 steps. This means that they would have to be much more expensive, which would destroy the product. Therefore, they implement rules like (much) worse rations of target/max loss or trailing stops to be able to present a not scaring price.
I doubt we will ever see a good 1 step challenge.
  • #14,989
  • Apr 15, 2023 9:10am Apr 15, 2023 9:10am
Quoting Vitore
{quote} I have 200K+100K funded so maxed out with them (not counting their current promo which allows additional 250K) I'm not too much worried about the trading pause in general, I just inform you all here that it happened, some seem little more sensitive to it :-) I contacted the support mainly because the approval took much longer than usual assuming something's wrong. As for holding back, I don't think speaking up reasonably would be risky. From what I can see on Discord all these firms are flooded with a constant streams of so stupid and arrogant...
I'm only sensitive to the time it takes to reset one's account. When you trade with multiple firms, the actually payout cycles are irrelevant as you can stagger them to be getting paid every week or even every couple of days. The downtime is unacceptable, if you are a profitable trader, this is lost income. Not talking MFFX here, more TFTP and TFF. TFTP touts how they are the 3rd largest, right behing MFF and FTMO, yet their payout and account reset process ranks behind literally evry firm including all of the new ones.
  • #14,990
  • Apr 15, 2023 9:14am Apr 15, 2023 9:14am
Quoting Capablanca
{quote} 1 step challenges would have to show up in the market with identical value for money that the 2 steps. This means that they would have to be much more expensive, which would destroy the product. Therefore, they implement rules like (much) worse rations of target/max loss or trailing stops to be able to present a not scaring price. I doubt we will ever see a good 1 step challenge.
Exactly......but the naive and gullible fall for it just like the instant funding crap.
  • #14,991
  • Apr 15, 2023 9:18am Apr 15, 2023 9:18am
Quoting simjo
{quote} any review about fidelcrest?I think fidelcrest have largest prop account provider among others,anyone have any experience with them?
I had Fidelcrest in the spreadsheet at the begining but:

1. top prop traders here do not use them
2. bad reviews
3. only mt4
4. some complain here...

very small company from Cyprus. If they want to be serious and they will change we will hear more about them. For now the masters here do not use them. So we just avoid it because we have to many high quality prop first.
in holiday till end of November
  • #14,992
  • Apr 15, 2023 9:21am Apr 15, 2023 9:21am
Quoting pipmaster77
{quote} Exactly right. Everyone goes in with the intention of passing, correct? Therefore, you must look at what you receive after passing.....do you want 6% max loss or 10-12% max loss? Do you want trailing DD? Once you pass, you get the conditions and rules of the model you passed! Said it many times, and I'll say it again......the 2 step challnege IS NOT FOR EVERYONE.....if you fall in that group, save your time and energy and just continue trading and compounding your own account......the reason being when you do instant funding and/or 1 step...
thanks, I learned this from you, Capablanca and other real funded traders here.
in holiday till end of November
  • #14,993
  • Apr 15, 2023 9:22am Apr 15, 2023 9:22am
Quoting pipmaster77
{quote} Real market conditions equals real slippage. Firms that do not have this will not last......I promise.
Correct!

Prop Business = hard for traders = hard from Prop also

This mean = bad traders will fail = bad prop will fail vs better props.

Cheat: Traders or Prop that cheat or gable against prop/traders will fail
in holiday till end of November
  • #14,994
  • Apr 15, 2023 9:24am Apr 15, 2023 9:24am
Quoting Capablanca
{quote} 1 step challenges would have to show up in the market with identical value for money that the 2 steps. This means that they would have to be much more expensive, which would destroy the product. Therefore, they implement rules like (much) worse rations of target/max loss or trailing stops to be able to present a not scaring price. I doubt we will ever see a good 1 step challenge.
What kills the Phase 1 is the trailing/relative drawdown! that kill it completely. Also would kill on Instant Funding and there is not there.... so the Phase I in some how is even worse of the Instant Funding (for the drawdown only I mean)
in holiday till end of November
  • #14,995
  • Apr 15, 2023 11:26am Apr 15, 2023 11:26am
Quoting pipmaster77
{quote} I'm only sensitive to the time it takes to reset one's account. When you trade with multiple firms, the actually payout cycles are irrelevant as you can stagger them to be getting paid every week or even every couple of days. The downtime is unacceptable, if you are a profitable trader, this is lost income. Not talking MFFX here, more TFTP and TFF. TFTP touts how they are the 3rd largest, right behing MFF and FTMO, yet their payout and account reset process ranks behind literally evry firm including all of the new ones.
I understand and agree that downtime means lost income for a profitable trader. I am profitable overall but my trading is still so volatile that the forced break may actually save me from loses as well. So I don't mind. I trade all accounts at once and when one is down I just switch off the copy and keep trading the other ones.

But as you say - this is more about TFTP and TFF (neither of which I trade at the moment) and it would start bugging me too should the downtime take longer than until the next day with every single payout
Money is made by sitting, not trading
  • #14,996
  • Edited 3:35am Apr 16, 2023 3:03am | Edited 3:35am
Lux's current offer. Based on the screenshot, it seems, like their new platform is based on Trading View.

Scaling rules
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB

Commissions
FX: 2$ per round lot,
Stocks 0.005$ per share,
Crypto 0.05% of volume,
Energy and Indices: no commission,
Metals; 2$ per lot

Prop Trading Firm | Funded Trading Accounts (luxtradingfirm.com)
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 54 KB


The constraint of 1 asset class per account still applies.

"You can have one account per asset class (Forex, Indices, Commodities) – meaning a maximum of 3 accounts in total. Each of these accounts has to go through the evaluation stage & can scale up all the way to the fund manager level."
  • #14,997
  • Apr 16, 2023 6:15am Apr 16, 2023 6:15am
Quoting forexbali
{quote} What kills the Phase 1 is the trailing/relative drawdown! that kill it completely. Also would kill on Instant Funding and there is not there.... so the Phase I in some how is even worse of the Instant Funding (for the drawdown only I mean)
For 1-phase this one is ok:https://instantfunding.io/one-phase-challenge/
  • #14,998
  • Apr 16, 2023 6:31am Apr 16, 2023 6:31am
Quoting mcquak
Lux's current offer. Based on the screenshot, it seems, like their new platform is based on Trading View. Scaling rules {image} Commissions FX: 2$ per round lot, Stocks 0.005$ per share, Crypto 0.05% of volume, Energy and Indices: no commission, Metals; 2$ per lot Prop Trading Firm | Funded Trading Accounts (luxtradingfirm.com) {image} The constraint of 1 asset class per account still applies. "You can have one account per asset class (Forex, Indices, Commodities) – meaning a maximum of 3 accounts in...
1:10 leverage and relative DD are big minus on this prop. They don't even bother to explain on their site how the relative DD works so many people might get fooled about it.
  • #14,999
  • Apr 16, 2023 6:44am Apr 16, 2023 6:44am
bigpips is a scam guys, saw many comments and customer get banned and deleted while i was monitoring
i'm a customer there and have been asking for payout for WEEKS, they are probably thinking of an excuse like hedging or doing hft cos that's what happen to most of the people asking for payouts or proofs and they get banned and deleted.

my payment to bigpips was processed and sent to india bangalore, their trustpilot good reviews are all bought from india and not a single payout proofs on their discord after 3 months

reason for purchasing bigpips when its a new company was i'm already funded on other firms and just looking for the best trading conditions which was bigpip but unfortunately its a scam and they had the backing of a huge telegram channel which kept recommending bigpip which i realize later that they are all under 1 roof.
  • #15,000
  • Apr 16, 2023 7:06am Apr 16, 2023 7:06am
Quoting TraderTero
{quote} 1:10 leverage and relative DD are big minus on this prop. They don't even bother to explain on their site how the relative DD works so many people might get fooled about it.
1:10 lev. is enough, I do not see a problem with that. But agree on DD, their relative DD is a bit uncomfortable. DD level is being reset after the payout about the withdrawn amount.
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