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prop firm new model - my trading journey 871 replies

Anyone trading with a Prop firm 2 replies

So I accepted a Prop Trading job in South Beach Miami 43 replies

Attachments: Prop Firm Hub
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Prop Firm Hub

Quoting navk
{quote} be away from such firms. We are putting efforts.. Copying trades within your own accounts should not be an issue. I would rater be happy to trade with reputed firms. I will first exhaust 600k with mff first and then look to ftmo. That is all

i also like the reputable firms like the5ers

i dont ever want to use those firm with 8cap
PLAN YOUR RISK & REWARD BEFORE INVEST
Quoting Cryptosurf
FTMO dropped minimum trading days from 10 down to 4. https://youtu.be/kYDl9losi0Y
We could see the trend growing. Small firms forcing the giants to adapt. Either if the leaders like or not, the unlimited trend or shorter days came to stay.

I believe the bigger firms will turn into offering X days and then an add-on fee for unlimited (basically like FXIFY does)
Probably, firms are also looking at each other to see what is possible or not; and letting the newer firms act as guinea pigs to test out new ideas etc.. According to TFTP CEO, some firms also communicate with each other, but not all.

If we look at this objectively, having a faster turnover rate is better for firms, whether they are selectively pushing traders to live market or not. I think, the original idea for having a minimum trading days in the first place was simply because firms wanted to appear as something more legitimate. This is certainly not as necessary as it once was.

Ultimately, there is no need to have a minimum trading days requirement. Even if a firm is actually looking for good traders, they are going to want to collect ample trading data before pushing someone to live, anyway, one would think.
Has anyone here tried Funded Trading Plus? I'm particularly interested in their Master trading Program if anyones done that ??

Also what is their broker like for scalping in particular Indices?

On the surface they seem pretty genuine with 1,454 reviews on Trustpilot with 93% 5 stars or better.

Any feedback would be appreciated...
Feel the Fear and do it anyway!!!
Quoting donfriday
{quote} i also like the reputable firms like the5ers i dont ever want to use those firm with 8cap
I'm interested in your comment regards Eightcap as I'm considering Funded Trading Plus and their broker is Eightcap...Have you had a poor experience with Eightcap?

Many thanks Clive
Feel the Fear and do it anyway!!!
Quoting clivepackham
Has anyone here tried Funded Trading Plus? I'm particularly interested in their Master trading Program if anyones done that ?? Also what is their broker like for scalping in particular Indices? On the surface they seem pretty genuine with 1,454 reviews on Trustpilot with 93% 5 stars or better. Any feedback would be appreciated...
Not very popular here because they have trailing DD. This somehow disqualifies them to most people here.
Quoting clivepackham
Has anyone here tried Funded Trading Plus? I'm particularly interested in their Master trading Program if anyones done that ?? Also what is their broker like for scalping in particular Indices? On the surface they seem pretty genuine with 1,454 reviews on Trustpilot with 93% 5 stars or better. Any feedback would be appreciated...
that distribution of reviews screams paid reviews to me....
Quoting Nsak3y
{quote}-I agree that it is better to trade smaller accounts. However, the problem with that is, most firms, including the top firms (MFF, FTMO), do not usually offer discounts on these smaller accounts, so you end up paying a LOT more to secure the same amount of capital, and, you usually end up having to use a cloud-based copier which will add to your monthly expenses. Nothing wrong with a cloud-based copier, but if you are trying to manage 60+ 10k accounts, then it can get expensive. Couple that with the fact that you can only take so many trades...

What u saying about getting accumulating 6x mff and 4ftmo got sense, but being realistic how many traders even in this threat did it and most important are able to do it long-term and keep making profits consistently?? It really requires risk under control, being aware of unexpected news black Swan events etc.

I been thinking about this and honestly up to 100k there is no advantage of having one bigger account, if someone is able to go bigger from 100k to any higher amounts is obviously easier have few larger accounts and almost impossible do it with cheap accounts.
Quoting youngD
It really requires risk under control, being aware of unexpected news black Swan events etc
-All the more reason to go with 100k instead of 10k, since you are risking less of your own capital. The barrier-to-entry is higher, but the value is better.
Quoting Nsak3y
{quote}-All the more reason to go with 100k instead of 10k, since you are risking less of your own capital. The barrier-to-entry is higher, but the value is better.
Not really with current props competition and running promotion overall cost could be the same.

How much you can reasonably risk on 100k account in one trade to not get in bigger drawdown and risk of losing whole account??
Quoting donfriday
{quote} i also like the reputable firms like the5ers i dont ever want to use those firm with 8cap
Some one said here...8 cap may be good.

But the feed is manipulated by prop firm.
Intraday only.
Another one extending time. This is unstoppable now.

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BTW, was there anything bad about these Alpha Capital guys ? They are not much discussed here.
Quoting Capablanca
Another one extending time. This is unstoppable now. {image} BTW, was there anything bad about these Alpha Capital guys ? They are not much discussed here.
You can only use your own unique EA and they want you to send them your EA file for approval.
Quoting TraderTero
{quote} You can only use your own unique EA and they want you to send them your EA file for approval.
Thanks. I don't use EAs, don't even know how to use it, not even a copier. All manually here.

Anything else flagging these guys ?
Quoting youngD
Not really with current props competition and running promotion overall cost could be the same.
-Not with top firms, MFF and FTMO, as mentioned. Cost is more with smaller accounts in almost all cases.

Quoting youngD
How much you can reasonably risk on 100k account in one trade to not get in bigger drawdown and risk of losing whole account??
-Risk is the same since total draw-down allowance is the same. The difference is, it is going to cost you a lot more to purchase (100) 10k accounts vs. (10) 100k accounts.

In any case, there is no reason to argue this, since it is a matter of preference. I was merely stating my opinion and gave my reasoning why. Nothing more to discuss.
Quoting Nsak3y
{quote}-Not with top firms, MFF and FTMO, as mentioned. Cost is more with smaller accounts in almost all cases. {quote}-Risk is the same since total draw-down allowance is the same. The difference is, it is going to cost you a lot more to purchase (100) 10k accounts vs. (10) 100k accounts. In any case, there is no reason to argue this, since it is a matter of preference. I was merely stating my opinion and gave my reasoning why. Nothing more to discuss.
My humble opinion, if you wish to start with the lowest financial commitment possible........use the firms with the promo on the 10K, your value will be in line with a 100K......if you can get a 10K for $50 or less. Compond refunded fees and profits to purchase 100K accounts. Takes longer, of course, but that's the trade off for lower monetary committment.
I am in complete agreement not needing over 100K PER ACCOUNT. I only trade 100K accounts, I do not merge. I manually trade multiple 100K accounts accross 4 firms. Not saying I may not merge SOME of them in the future, but I like the round numbers of the 100K.
Quoting Capablanca
Another one extending time. This is unstoppable now.
Cmoooon FTMO, you know you want to do it
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https://trueforexfunds.com/payouts/
Only prop firm which is transparent about all payouts. I saw one 2$ payout
MyFF and FTMO have done monthly summaries in past but they stopped.
MyFF does weekly top 5 payouts on regular basis
Hello everyone!

It has been awhile since I posted last here but want to give some of my feedback, cause I should after what I have seen
the last week alone....
Have been active with 5 props since last year, the best for me is BY FAR, I personally think they are in a class of their own
MyForexFunds (MFF), and the worst for me MICKEY MOUSE TFT

Their spreads are ridiculous and as much as they like during off hours, enough so they can breach your account(last week)
And today I had sign up for the competition cause I would not give them a dime after my experience with them and guess what... bang again(pic below)

Maybe if you scalp you would be ok...maybe but it you keep overnight OMG, they are the worst for me

Twice within a week.....common....why have I not got these spikes with the other props or my live accounts, their answer.... we have a different feed(I bet you do)
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Those who don't believe in magic will never find it
Just got the email that FTMO lowered their trading days and verification from 10 days to 4 days minimum
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