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  • #16,661
  • Jun 14, 2023 3:28am Jun 14, 2023 3:28am
Quoting Takisd
{quote} it is their own. They built server infrastructure and have liquidity attached to an aggregator.
Thank you for sharing that info.
  • #16,662
  • Jun 14, 2023 5:43am Jun 14, 2023 5:43am
Quoting AaronPriest
{quote} Yeah, this rule in particular sucks for swing traders: https://help.smartfundedtrader.com/e...6-news-trading
I don’t understand what they mean. Is it a 4 or a 6 minute window?
  • #16,663
  • Jun 14, 2023 6:12am Jun 14, 2023 6:12am
hey guys, has anyone tried Tradingfunds ? I have been prop trading for the last 3 months and used myfundedforex, ftmo and surgetrader but I recently saw an ad for these guys who seem to be pretty new but rules look nice.

If not, which firms can you recommend which don't have a daily drawdown please!

Thank you. I'm completely new to the forum but look forward to sharing experiences.
  • #16,664
  • Jun 14, 2023 6:48am Jun 14, 2023 6:48am
Quoting Capablanca
{quote} I don't much appreciate the mechanics of TFF on payouts. It's like you said (you can trade until 23:59 today) but then they will take the day of tomorrow to process and probably you'll get credentials on Sunday or Monday morning (morning = morning in Europe). I already had a payout when they took 2 working days to send credentials. And then the new 14 days period counts from the first trade of this new account. I think they have plenty of room to improve in this aspect because 1 or 2 working days in each 14 days cycle it's too much waiting...
I am trading with TFF as well, I don't know how it worked with you guys, but for me, I usually receive my credentials the day after. I didn't experience any waiting time for 2 days, a maximum of 1 day. But yeah, I had to close my trades the day before my Payout date however I think it's logical as they need to somehow review our trades or something, so that might need some time for it.
  • #16,665
  • Jun 14, 2023 7:17am Jun 14, 2023 7:17am
Quoting clemmo17
{quote} I don’t understand what they mean. Is it a 4 or a 6 minute window?
I don't understand where are they picking those 6 minutes from. In my book 2 minutes before and 2 minutes after is a time window of 4 minutes. Sounds like an inconsistent rule there.
  • #16,666
  • Jun 14, 2023 8:27am Jun 14, 2023 8:27am
MFF The Rapid Challenge. Looking for views, comments & suggestion from anyone willing to share.

E8 Funding. Which is the best among what they offer? Looking for views, comments & suggestions from anyone willing to share.

Any other view, comments or suggestions about another Prop Firm not mentioned are also welcome.
Got say thought from weeks of research I have narrowed it to the above two unless someone can enlighten me to another I've missed based on their trading with that firm.

Appreciate all who will comment.
_______________________________________________
  • #16,667
  • Jun 14, 2023 8:29am Jun 14, 2023 8:29am
Quoting Expo33
MattL CEO MyFundedFX ... Setting up a 2nd prop firm
-Not sure what to think about this. There's also the bit that states that the influencer would have some form of ownership with the new firm. There is no way that I would agree to that (as an influencer). This kid is nuts.
  • #16,668
  • Jun 14, 2023 8:41am Jun 14, 2023 8:41am
Quoting Nsak3y
{quote}-Not sure what to think about this. There's also the bit that states that the influencer would have some form of ownership with the new firm. There is no way that I would agree to that (as an influencer). This kid is nuts.
How to continue a ponzi? Open a second one to increase the ability to pay the first. TFT already does this.
  • #16,669
  • Jun 14, 2023 8:56am Jun 14, 2023 8:56am
Quoting acetrader
MFF The Rapid Challenge. Looking for views, comments & suggestion from anyone willing to share. E8 Funding. Which is the best among what they offer? Looking for views, comments & suggestions from anyone willing to share. Any other view, comments or suggestions about another Prop Firm not mentioned are also welcome. Got say thought from weeks of research I have narrowed it to the above two unless someone can enlighten me to another I've missed based on their trading with that firm. Appreciate all who will comment. _______________________________________________...
Rapid doesn't really return enough to make it worthwhile, for me anyway. Better options out there now with longer times to pass evaluations which has helped the rapid model along the dusty road of no return..
  • #16,670
  • Jun 14, 2023 9:00am Jun 14, 2023 9:00am
Quoting Takisd
How to continue a ponzi? Open a second one to increase the ability to pay the first. TFT already does this.
-Yeah, I guess. But if that was the case, you probably would want to set up the second one anonymously, one would think.
  • #16,671
  • Jun 14, 2023 9:08am Jun 14, 2023 9:08am
Quoting neilm212
{quote} I am trading with TFF as well, I don't know how it worked with you guys, but for me, I usually receive my credentials the day after. I didn't experience any waiting time for 2 days, a maximum of 1 day. But yeah, I had to close my trades the day before my Payout date however I think it's logical as they need to somehow review our trades or something, so that might need some time for it.
London time:
- On payout day (D) account is blocked early in the morning for review.
- Credentials are sent only in the afternoon of D+1 (sometimes late afternoon). Completely useless for me. I'm not going to start trading forex London session at 3 or 4 or 6pm London time.

So, for someone trading forex London session this is 2 business days of inactivity in each cycle of 14 days. It's the worse payout process of the props I work with.
TFT was even worse (3 days) but recently they've been paying and releasing the account in 24 hours. So now TFF is the worse on the payout process.
  • #16,672
  • Jun 14, 2023 9:18am Jun 14, 2023 9:18am
Quoting Nsak3y
{quote}-Yeah, I guess. But if that was the case, you probably would want to set up the second one anonymously, one would think.
But then you can't clout chase on twitter as that company.
  • #16,673
  • Jun 14, 2023 9:18am Jun 14, 2023 9:18am
Quoting xenofreako
hey guys, has anyone tried Tradingfunds ? I have been prop trading for the last 3 months and used myfundedforex, ftmo and surgetrader but I recently saw an ad for these guys who seem to be pretty new but rules look nice. If not, which firms can you recommend which don't have a daily drawdown please! Thank you. I'm completely new to the forum but look forward to sharing experiences.

lol these guys pop up like mushrooms.
No drawdown, but the total drawdown is equal daily drawdown at some firms lol

And I suspect trailing drawdown as well.
No thanks. Too risky.
  • #16,674
  • Edited 10:22am Jun 14, 2023 9:53am | Edited 10:22am
Quoting Nsak3y
{quote}-Yeah, I guess. But if that was the case, you probably would want to set up the second one anonymously, one would think.
Hopefully he is wise enough to set it up off shore.
  • #16,675
  • Jun 14, 2023 9:58am Jun 14, 2023 9:58am
Good to read

FTMO Traders Analysis: watch out for loss of concentration

https://ftmo.com/en/ftmo-traders-ana...concentration/
  • #16,676
  • Edited 11:38am Jun 14, 2023 10:23am | Edited 11:38am
Quoting Takisd
But then you can't clout chase on twitter as that company.
-In other news, Super Blake is giving away $5 Million in challenges.

I fear for these influencers that are based in the US. Many of them do not understand the kind of hot water that they may be exposing themselves to, not only in terms of how they promote these firms (given the nature of the business), but even the giveaways are borderline raffles/lotteries. So much incentivized marketing, mostly without proper disclosure, disclaimers and licensing etc.. Very messy.

Now we see Matt at MFFX not only setting up shop inside of the US, but seemingly begging for regulators to look his way by getting influencers involved. Insane.
  • #16,677
  • Jun 14, 2023 10:47am Jun 14, 2023 10:47am
Quoting Nsak3y
Now we see Matt at MFFX not only setting up shop inside of the US, but seemingly begging for regulators to look his way by getting influencers involved. Insane.
He said this today in a telegram group:
"I actually welcome regulation. Will get rid of the scam firms"

It's like the train coming and they are the line happily partying.

For the influencers, hey, we saw Tom Brandy and Gisele Bündchen promoting FTX. Influencers milk the thing while they can ,sometimes they win, sometimes they lose (or don't win).
  • #16,678
  • Edited 11:38am Jun 14, 2023 10:59am | Edited 11:38am
Quoting Capablanca
For the influencers, hey, we saw Tom Brandy and Gisele Bündchen promoting FTX.
-You would think that when the SEC charged many celebrities for promoting crypto without proper disclosure, that they would start to pay more attention to these things. Stupidity or ignorance is not a permit to break the law, nor will it protect you.

In the case of MattMFFX, it is understandable to welcome regulation (at some point) in the hopes to weed-out bad actors and legitimize the remote prop space, but it is probably unwise to make such a statement when we have no idea what that regulation will look like. We are still scrambling for clarity when it comes to cryptocurrency (here in the States), and regulation-by-enforcement seems to be the go-to when handling such things at the moment.

But when you're young, you tend to think that you know more than you actually do.
  • #16,679
  • Jun 14, 2023 11:24am Jun 14, 2023 11:24am
This was posted on one channel:

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  • #16,680
  • Jun 14, 2023 11:36am Jun 14, 2023 11:36am
Quoting TraderTero
This was posted on one channel:
-Who's channel?
77 traders viewing now