Prop Firm Hub | Page 783 | 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

  • #15,641
  • May 12, 2023 12:21pm May 12, 2023 12:21pm
Quoting solarpower
Good news. Angelo posted: "Dear TFT Community, I would like to personally address the recent changes that have been implemented on our platform. We have listened to your concerns and have promptly reverted the settings back to their previous state. Our team is committed to investigating the potential issues that may have arisen during the implementation of the new conditions. At this time, we are focused on conducting a thorough internal assessment to ensure that any future changes are carefully tested and evaluated before they are introduced. We...
Yes, I got an email yesterday or maybe two days ago, they have a new agreement with 8cap and real market conditions will be present on both phases of challenges now. In addition, they were REMOVING the spread markup. I'll find the email and paste in a moment.


Dear TFT Traders,
We are pleased to announce that we have recently signed a new agreement with Eightcap, a key milestone in fostering a long-standing partnership. This collaboration has granted us expanded access to our MetaTrader server, enabling us to offer increased flexibility in our brokerage setup internally and externally.

In light of this development, we have implemented Simulated Live Conditions for all Phase 1 and Phase 2 accounts. These conditions are designed to closely replicate the experience of trading on a TFT Funded Account. We are excited to inform you that, as part of this change, we have removed spread markups on all Phase 1 and Phase 2 accounts. Rest assured, we are diligently testing the live environment to ensure a seamless transition when we remove spread markups there as well.

Please note that if you are encountering difficulties executing certain strategies due to these changes, particularly if you have not progressed beyond Phase 1, this is expected. For those who have previously traded funded accounts, you are already familiar with the trading environment.

At TFT, we pride ourselves on being a business that pays out millions every week, and we continually strive to surpass industry standards. Our commitment to providing an exceptional experience for our traders remains steadfast. As part of this commitment, we are actively exploring new brokerage options, conditions, and liquidity providers to further enhance our offerings.

We appreciate your trust in us and are dedicated to delivering outstanding services to support your trading journey. If you have any questions or concerns, please do not hesitate to contact our customer support team.
The battle continues…

Angelo, CEO TFT
  • #15,642
  • May 12, 2023 1:04pm May 12, 2023 1:04pm
Meet your CEO. Today's guest - Lewis Kaler (BFP)
https://www.instagram.com/lewiskaler/

Now I understand all the BS this company produces
Money is made by sitting, not trading
  • #15,643
  • May 12, 2023 1:23pm May 12, 2023 1:23pm
Quoting pipmaster77
{quote} Yes, I got an email yesterday or maybe two days ago, they have a new agreement with 8cap and real market conditions will be present on both phases of challenges now. In addition, they were REMOVING the spread markup. I'll find the email and paste in a moment. Dear TFT Traders, We are pleased to announce that we have recently signed a new agreement with Eightcap, a key milestone in fostering a long-standing partnership. This collaboration has granted us expanded access to our MetaTrader server, enabling us to offer increased flexibility in...
That particular announcement about removing the spread markup was yesterday at 8:13 AM. But it sounds like they didn't really remove it until today when you read the rest of the announcements in order.

Yesterday at 11:52 AM:

Quote
Dear Traders, I want to take a moment to address the concerns that have been raised regarding our phase 1 and phase 2 accounts. We are aware that there has been significant pushback and frustration around these accounts, and I want to assure you that we are closely monitoring the situation and taking swift action to address any issues. We understand that our traders are the backbone of our business, and we are committed to listening to your feedback and ensuring that your voices are heard. We are actively testing all of the challenge settings to...

Yesterday at 9:56 PM:

Quote
We appreciate all of the feedback we have received since making adjustments to the conditions on phase 1 and phase 2. We have carefully collected this feedback and are currently testing our settings to ensure that there are no discrepancies between what was intended and what was implemented. It's important to note that we work with a global team, Eightcap, and as such, we don't personally have access to the settings. Therefore, we have to go through their technical representatives to resolve any issues. We understand that there is a lot at stake...

And then of course today's announcement at 12:08 PM:

Quote
Dear TFT Community, I would like to personally address the recent changes that have been implemented on our platform. We have listened to your concerns and have promptly reverted the settings back to their previous state. Our team is committed to investigating the potential issues that may have arisen during the implementation of the new conditions. At this time, we are focused on conducting a thorough internal assessment to ensure that any future changes are carefully tested and evaluated before they are introduced. We understand that communication...

I'm going to guess that it just took 24hrs or more for Eightcap to remove the changes, but last night's announcement sounded more like they were still testing the changes and tweaking them, not removing them. At any rate, they didn't announce that they were going to add such a spread discrepancy in the first place, or at least I can't find any announcement of it beforehand, only after the complaints started rolling in after Tuesday or so.

EDIT: I guess the quote feature cuts off text after so many characters. You can find the full official announcements in their Discord group.
  • #15,644
  • May 12, 2023 1:41pm May 12, 2023 1:41pm
Yep, we could smell it was a mistake. The way I saw it was too much for slippage in company like TFT.

This just proves that slippage is parametrized and that's why different 8cap props have different slippage and spreads, same pair, same time.
  • #15,645
  • May 12, 2023 1:54pm May 12, 2023 1:54pm
Quoting AaronPriest
At any rate, they didn't announce that they were going to add such a spread discrepancy in the first place, or at least I can't find any announcement of it beforehand, only after the complaints started rolling in after Tuesday or so.
-This sounds familiar. A problem, of seemingly-unknown origin, causes everyone to panic and complain... followed by mountains of profit (and questionable praise) when the solution is finally presented.
  • #15,646
  • Edited 3:50pm May 12, 2023 1:56pm | Edited 3:50pm
Quoting Capablanca
This just proves that slippage is parametrized
-And probably very negotiable. I wonder what firms are paying...

With that being said, I wonder if firms would be inclined to negotiate better conditions if they can get away with things as-is?
  • #15,647
  • May 12, 2023 1:58pm May 12, 2023 1:58pm
Still no update from Vitek. I am not very hopeful that we will get any meaningful feedback, though.
  • #15,648
  • May 12, 2023 3:22pm May 12, 2023 3:22pm
Quoting Vitore
Meet your CEO. Today's guest - Lewis Kaler (BFP) https://www.instagram.com/lewiskaler/ Now I understand all the BS this company produces
further inquiry shows that he used to run a signal service
https://www.instagram.com/prestige.fx/


red flags eveywhere
  • #15,649
  • May 12, 2023 4:53pm May 12, 2023 4:53pm
Quoting Capablanca
Yep, we could smell it was a mistake. The way I saw it was too much for slippage in company like TFT. This just proves that slippage is parametrized and that's why different 8cap props have different slippage and spreads, same pair, same time.
I dont think you are correct.

To change such slippage settings in a bridge, it HAS to be intentional.

Best case scenario they thought they could try it to see how bad the complaints were as customers accounts burned and then realized their business is about to die so made said statement.

But what are we to expect from a guy who cant trade but claims to be a trader?
  • #15,650
  • May 12, 2023 5:16pm May 12, 2023 5:16pm
Quoting Takisd
{quote} I dont think you are correct. To change such slippage settings in a bridge, it HAS to be intentional. Best case scenario they thought they could try it to see how bad the complaints were as customers accounts burned and then realized their business is about to die so made said statement. But what are we to expect from a guy who cant trade but claims to be a trader?
The slippage was too atrocious to be intentional.... but who knows ?
Something I noticed is that this wasn't for both servers. I suffered brutal slippage in Live EU server but not in the other Live one (an old account).
  • #15,651
  • May 12, 2023 5:25pm May 12, 2023 5:25pm
Quoting Vitore
Meet your CEO. Today's guest - Lewis Kaler (BFP) https://www.instagram.com/lewiskaler/ Now I understand all the BS this company produces
At least, if they don't refund, you know that your money is well spent

What a red flag here... Thanks for sharing your story.
  • #15,652
  • May 12, 2023 5:36pm May 12, 2023 5:36pm
Quoting Takisd
Best case scenario they thought they could try it to see how bad the complaints were as customers accounts burned and then realized their business is about to die so made said statement.
-I sure hope not. But it would also not surprise me at all.
  • #15,653
  • May 13, 2023 7:32am May 13, 2023 7:32am
What are the current no time limit options?

My Funded FX
Funded Trading Plus
The Funded Trader - Knight Challenge (although the daily loss is 3% vs. 5% for those 2 above)

Anyone else?
  • #15,654
  • May 13, 2023 8:12am May 13, 2023 8:12am
FXIFY has the option but it costs extra 5%.
  • #15,655
  • May 13, 2023 9:08am May 13, 2023 9:08am
Quoting LehmanBrotha
What are the current no time limit options? My Funded FX Funded Trading Plus The Funded Trader - Knight Challenge (although the daily loss is 3% vs. 5% for those 2 above) Anyone else?
Finotive and BeSpoke but Finotive has several rules that may not suit you and BeSpoke is s shady operation (see previous pages).
  • #15,656
  • May 13, 2023 10:03am May 13, 2023 10:03am
Quoting Capablanca
{quote} The slippage was too atrocious to be intentional.... but who knows ? Something I noticed is that this wasn't for both servers. I suffered brutal slippage in Live EU server but not in the other Live one (an old account).
It is legit impossible to "Accidently" do that server wide on all pairs.
  • #15,657
  • May 13, 2023 10:27am May 13, 2023 10:27am
Quoting Capablanca
{quote} Finotive and BeSpoke but Finotive has several rules that may not suit you and BeSpoke is s shady operation (see previous pages).
yeah, Bespoke is clear as day to avoid

Was Finotive one to have a rule where you must repay "what you owe" before the profit split on a new account after failing the previous one?
  • #15,658
  • May 13, 2023 10:49am May 13, 2023 10:49am
Quoting LehmanBrotha
{quote} Was Finotive one to have a rule where you must repay "what you owe" before the profit split on a new account after failing the previous one?
That rule was eliminated.
But they have 2 rule that may be challenging:
1. SL in all orders (must be entered max 60 sec after trade initiated)
2. 5% daily DD but only 50% of that (2.5%) in a single instrument

Can be tough if you do a lot of trading. You need to pay close attention any time you open new positions.
  • #15,659
  • May 13, 2023 11:38am May 13, 2023 11:38am
Angelo, TFT in prop group:

Hey all traders, I wanted to address the situation that unfolded late last week on our server. We have been made aware of configuration settings that were mishandled on our server which affected clients. We will be contacting clients affected and making adjustments to their accounts. This situation is not ideal and we understand it has been extremely frustrating for our clients. A lot of you have supported as during this time as we work through the issue and a lot of you have dragged our new through the mud. Regardless we need to get this right and provide the level of service that fits our standards. If you want more updates they will come inside of discord.
  • #15,660
  • May 13, 2023 12:02pm May 13, 2023 12:02pm
Just looked at TFF pages after a while and, surprise surprise - their cTrader label disappeared and they still not implemented it. And most likely never will.
MFF - same story repeats as a couple years back. Promises, promises, for month they keep saying "it will be released when it's properly tested" yet still nothing as usual. Another desperate strategy to bring new traders in who hope they will switch when it goes live? IDK
Money is made by sitting, not trading
90 traders viewing now