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  • #16,061
  • May 25, 2023 7:16pm May 25, 2023 7:16pm
Quoting Cryptosurf
JFC, that does explain a lot.
-All the more reason that these particular firms should be secondary, at best.
  • #16,062
  • Edited 7:48pm May 25, 2023 7:21pm | Edited 7:48pm
This is the best time in our known history to be a trader. The opportunities that are currently afforded to us are incomparable to anything that has ever existed. I am truly grateful for that.

However, we do have options, and if a firm decides that the thing that is literally keeping them in business has little-to-no value for them, then we can simply choose not to give them our business.

True Forex Funds, for example, appears to have shown that they do not value their customers. Until they change their policies, then traders should not give them their business. This is just my opinion.

https://www.forexfactory.com/attachm...6?d=1681402616
  • #16,063
  • May 26, 2023 12:12am May 26, 2023 12:12am
Quoting pipmaster77
{quote} Exactly my sentiment as well. I do not trade in a way to allow slippage and spreads to affect me. It's truly that simple. I do trade indices, but I do not scalp, I may HOLD a trade through news, but I do not specifically look to trade the event and if I am going to hold through rollover, I widen the stop or throw a quick hedge on. Folks need to simply adjust some things to not be affected........ALL OF THE ABOVE WILL AFFECT YOU (probably worse) on your own personal account with a broker!!!!!
Which prop firms are best to trade indices in your opinion? I've heard mixed opinions, especially when scalping or trading on the 1m chart. Not everybody can "adjust" their trading style.
  • #16,064
  • May 26, 2023 12:13am May 26, 2023 12:13am
Quoting Nsak3y
This is the best time in our known history to be a trader. The opportunities that are currently afforded to us are incomparable to anything that has ever existed. I am truly grateful for that. However, we do have options, and if a firm decides that the thing that is literally keeping them in business has little-to-no value for them, then we can simply choose not to give them our business. True Forex Funds, for example, appears to have shown that they do not value their customers. Until they change their policies, then traders should not give them...
I mean, the guy is a risk manager.
He's managing the risk that he has by having to pay you
  • #16,065
  • May 26, 2023 12:29am May 26, 2023 12:29am
Quoting LehmanBrotha
I mean, the guy is a risk manager. He's managing the risk that he has by having to pay you
-Sure, there are many different ways to look at things. But one thing is for sure, there are other 'risk managers' in this space that will make things right if their feed/server goes down like that.
  • #16,066
  • May 26, 2023 12:40am May 26, 2023 12:40am
Quoting Takisd
The most fun thing about the 8 cap props is that its not 8cap.... 8cap are giving the props the tools to do this. If you trade on the same 8cap server but with your own brokerage account, it wont be even close to the same ...As awful as 8cap is as a company, these trading conditions rest purely on the prop firms using them. Lots of folks talking about myfundedfx, with them their server has execution delay to increase slippage. TFT just as auto slippage. Fundednext as timeouts. Magical.
I believe Funded Next slippage is also parametrized. I had a funded with them and made several test, even with insignificant lot fraction in EURUSD, London session, out of news and I was always hit with same slippage than when I traded 5 lots or so.
  • #16,067
  • May 26, 2023 1:08am May 26, 2023 1:08am
Quoting Nsak3y
Sure, there are many different ways to look at things. But one thing is for sure, there are other 'risk managers' in this space that will make things right if their feed/server goes down like that.
-And it should go without saying that any firm that follows this policy can simply lock out their feed whenever they want/need to, and there would be no recourse for the trader, whatsoever, and no accountability or liability for the firm.

So, you start winning too much, they lock you out and you blow the account. Nothing you can do because it is in the terms. Yeah, seems legit...
  • #16,068
  • May 26, 2023 1:57am May 26, 2023 1:57am
Quoting LehmanBrotha
{quote} I've been working in financial marketing for a couple of years and, if I wanted to construct a prop marketing pitch, I probably couldn't do it this good. One round of applause for True Forex Funds Marketing team!
Spot on.
Survival intelligence is more important than entry intelligence
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  • #16,069
  • May 26, 2023 3:00am May 26, 2023 3:00am
Quoting Takisd
The most fun thing about the 8 cap props is that its not 8cap.... 8cap are giving the props the tools to do this. If you trade on the same 8cap server but with your own brokerage account, it wont be even close to the same ...As awful as 8cap is as a company, these trading conditions rest purely on the prop firms using them. Lots of folks talking about myfundedfx, with them their server has execution delay to increase slippage. TFT just as auto slippage. Fundednext as timeouts. Magical.

I think also that this style belongs to the prop firms. I saw this also at the MFF on the GBPUSD, their true spread was about twice shown. If the trader makes a lot of trades the sum of the commissions and spread could be significant for the prop firms. Like eightcap normal commission is 3,5$, myfundedfx commission is 5$. So they want also operate like a broker.
  • #16,070
  • May 26, 2023 3:08am May 26, 2023 3:08am
I hate the way some companies are treating email support these days.

We send an email and we get an email answered like if we're in a chat. And if we don't reply back in 5 minutes or so they send a message saying something like

"It seems like you stepped out for a bit! Just wanted to follow up and see if you still need assistance. Please feel free to reply at any time to pick up where we left off. I Currently, we’re going to go ahead and close out the conversation. Feel free to reach back out by simply replying to this ticket. Thank you!"

Then they ask to rate the support even if they don't solved sh*

Do these retards know the difference between email and chat ?!

I think I'm getting too old for these new trends.
  • #16,071
  • May 26, 2023 3:09am May 26, 2023 3:09am
Quoting Eren10
{quote} I think also that this style belongs to the prop firms. I saw this also at the MFF on the GBPUSD, their true spread was about twice shown. If the trader makes a lot of trades the sum of the commissions and spread could be significant for the prop firms. Like eightcap normal commission is 3,5$, myfundedfx commission is 5$. So they want also operate like a broker.
I dont get any of that at ftmo or mff. Not like the 8cap ones. But I also don't trade so regularly at prop anymore.
  • #16,072
  • May 26, 2023 3:35am May 26, 2023 3:35am
Quoting Capablanca
I hate the way some companies are treating email support these days. We send an email and we get an email answered like if we're in a chat.
-More frustrating for me is when they do not even read what you have written and then respond to you as if you are completely retarded, so you have to write several back-and-forth emails before you can even get a reasonable response.

I understand that they probably get hundreds of morons writing to them each and every day, but come on, take some pride in your work. It does not take much effort to actually read.

That is one thing that I will never understand... no matter what kind of crap job I had growing up, I always made sure to do a good job.
  • #16,073
  • May 26, 2023 5:18am May 26, 2023 5:18am
Love MFFX fast service. Just finished another challenge in one day. Tried out this company early this month, already got paid twice in two other accounts.
I couldn't believe how fast all they do. to upgrade accounts and send payment.. .MFFX has becoming one of my favorite..
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  • #16,074
  • May 26, 2023 5:32am May 26, 2023 5:32am
Quoting Boulder
Love MFFX fast service. Just finished another challenge in one day. Tried out this company early this month, already got paid twice in two other accounts. I couldn't believe how fast all they do. to upgrade accounts and send payment.. .MFFX has becoming one of my favorite.. {image}
I only tested one account. Credentials very fast, same for KYC and funded account. Got the payment and refund in 12 hours or so (can't remember exactly).
Amount is deducted from the account when we ask payout and we can go on working while they process it. No special rules or strange things. Plain and simple. I hope they survive. Soon I'll have the second payout. Let's see.

A pity, though, that they don't have crypto payouts, unless we live in a country that Deel is not serving.
They are one of the more expensive out there, also.
  • #16,075
  • May 26, 2023 5:37am May 26, 2023 5:37am
Quoting Capablanca
{quote} I only tested one account. Credentials very fast, same for KYC and funded account. Got the payment and refund in 12 hours or so (can't remember exactly). Amount is deducted from the account when we ask payout and we can go on working while they process it. No special rules or strange things. Plain and simple. I hope they survive. Soon I'll have the second payout. Let's see. A pity, though, that they don't have crypto payouts, unless we live in a country that Deel is not serving. They are one of the more expensive out there, also.
I thought they have crypto payment. I read CEO tweet the other day, he paid one trader crypto by error instead $300, he sent out $30,000. I maybe wrong
  • #16,076
  • May 26, 2023 5:39am May 26, 2023 5:39am
Quoting LLJ.FX
Hello, does anyone have experience with The Trading Pit?
Hi
you had no answer so far I guess?
I v d watch some Videos on yuotub im not Sure but problly test this one
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what do you think is worth the affort?
I
  • #16,077
  • May 26, 2023 5:44am May 26, 2023 5:44am
Quoting Boulder
{quote} I thought they have crypto payment. I read CEO tweet the other day, he paid one trader crypto by error instead $300, he sent out $30,000. I maybe wrong
I contacted support because I only saw Deel as a payout option and this is what I was told. Crypto only in no-Deel countries.
I'll try again in next payout just to confirm.
  • #16,078
  • May 26, 2023 6:39am May 26, 2023 6:39am
Quoting Boulder
Love MFFX fast service. Just finished another challenge in one day. Tried out this company early this month, already got paid twice in two other accounts. I couldn't believe how fast all they do. to upgrade accounts and send payment.. .MFFX has becoming one of my favorite.. {image}
And now imagine to get funded, make profit, and get paid all under 10 hours
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P.S. it wasn't me, and sadly that guy already lost his account
Money is made by sitting, not trading
  • #16,079
  • May 26, 2023 6:44am May 26, 2023 6:44am
Quoting Vitore
{quote} And now imagine to get funded, make profit, and get paid all under 10 hours {image} P.S. it wasn't me, and sadly that guy already lost his account
I wont try new company till your guys test out first...
I tried MFFX because of your guys mentioned here...I can't focus with too many accounts..
  • #16,080
  • May 26, 2023 8:00am May 26, 2023 8:00am
Quoting Boulder
{quote} I wont try new company till your guys test out first... I tried MFFX because of your guys mentioned here...I can't focus with too many accounts..
I focus on one account only and copy to all prop accounts I have

Just tough I'd give them a try. Passed the eval, need to wait for the 5th day to move to verif next week. If I get funded and paid I'll post my experience here
Money is made by sitting, not trading
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