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  • #17,981
  • Jul 17, 2023 11:53am Jul 17, 2023 11:53am
Quoting pipmaster77
{quote} Customer base evaporating???? Yeah, OK https://twitter.com/MyForexFunds/sta...42694170853376 5.6 million paid out LAST WEEK
Even when Blockbuster was going bankrupt, they still had a huge but rapidly diminishing customer base.
Don't get me wrong, I am all for these 2 firms to kick it up a notch to do their share of improving of the prop industry but credit goes to other more innovative props that found a way around these 2 old slugs. If it wasn't for them these 2 would be getting fatter and lazier but the writing was on the wall and even they couldn't ignore it.
  • #17,982
  • Jul 17, 2023 12:00pm Jul 17, 2023 12:00pm
Quoting pipmaster77
{quote} I don't believe that is such a big selling point. Bi-weekly is good enough, with some offering VIP type programs for withdrawal on demand.
For the gamblers is a pretty strong one, specially if associated with the no minimum days and fast credentials. FXIFY created a lot of buzz with that.

Hey, receive your first payout within 24 hours from starting your challenge! That's a dream for those that pass phase 1 in 3 hours, phase 2 in another hour and at the end of afternoon they will be requesting the payout.

Not very healthy for props but the cowboys don't have a clue about what may hit them anyway. It's an easy horse to ride in the meantime to avoid the bleeding.
  • #17,983
  • Jul 17, 2023 12:00pm Jul 17, 2023 12:00pm
Quoting pipmaster77
{quote} Perhaps it is the MFF and FTMO HATERS who should open their minds a bit. Of course, they had to adapt....Now what? They will continue their market dominance.
There is no MFF and FTMO HATERS. There is only stupid gauging prop haters and I welcome the ones that finally saw the light and although for self preservation reasons, they still did something right even though they were forced to do it.
Now if they could apologize for ripping off so many traders that paid in and lost out due to time limit hurdles they put in the way of the traders, then that would help improve their image. A restitution perhaps?
  • #17,984
  • Jul 17, 2023 12:15pm Jul 17, 2023 12:15pm
Quoting OutThere
So many ppl here were putting down the 'no time limit' of the newer props. They were saying it is going to bankrupt them bla bla bla. Now mff and ftmo seeing their customer base evaporating, did a complete behind the curve mimic of the newer props to save themselves from going under. Now they act like the industry leaders in offering unlimited time. Kinda like Apple that took a established mp3 concept that was already well circulated and made it as if they come up with it. The usual one track minded fans of these 2 props are now saying it was an...
You could also see that with another perspective.

The bigger ones, MFF and FTMO (less likely to be caught doing tricks or having shady rules) now have similar conditions.

So, now that they all have unlimited:
- What about the dubious and not clear grid, martingale and DCA rule of Bespoke ?
- What about the restrictive rules of Finotive ?
- What about MFFx, Blue, Bespoke and Funded Next with their BS of IPs ?
- What about the Alpha with 4 business days to deliver a simple funded account (saying they have to calibrate risk) and their anti martingale rule ?
- What about Funded Next with their interviews after phase 2 or before a payout ?
- What about Tier with their monstrous spreads and slippage ?

My point is that people should also realize that they were attracted by unlimited time, no minimum and biweekly in new companies at the expense of other things, namely being in the hands of shady companies and / or rules that they don't have to bother when it comes to FTMO or MFF.

Now we will see what's the next move from the new ones.
  • #17,985
  • Jul 17, 2023 12:21pm Jul 17, 2023 12:21pm
Quoting Capablanca
{quote} What about Tier with their monstrous spreads and slippage ? My point is that people should also realize that they were attracted by unlimited time, no minimum and biweekly in new companies at the expense of other things, namely being in the hands of shady companies and / or rules that they don't have to bother when it comes to FTMO or MFF. Now we will see what's the next move from the new ones.
Let me guess. Not a single one of them dares to do what everyone truly wants. Increased DD. Somehow they know that line is not to be crossed. Even the most weird odd unknown "shady" forex prop firm doesn't defy this rule. To have the same DD limits as FTMO and MyFF one might ask. Why that is. Since they sure didn't mind to put everything into unlimited time "for the benefit of the trader". These benevolent forex prop firms I'm so happy they want the best for us.
  • #17,986
  • Jul 17, 2023 12:26pm Jul 17, 2023 12:26pm
Quoting Capablanca
{quote} You could also see that with another perspective. The bigger ones, MFF and FTMO (less likely to be caught doing tricks or having shady rules) now have similar conditions. So, now that they all have unlimited: - What about the dubious and not clear grid, martingale and DCA rule of Bespoke ? - What about the restrictive rules of Finotive ? - What about MFFx, Blue, Bespoke and Funded Next with their BS of IPs ? - What about the Alpha with 4 business days to deliver a simple funded account (saying they have to calibrate risk) and their anti...
I'm not involved with any of those firms except MFFx and I have had zero problems with either MFFx of 8cap.

Someone, (I think it was Takisd) claimed he bought a challenge from MFFx in order to prove they are a scam but I haven't heard anything from him so far. I think he is still stuck at a London airport and can't find his way home....or maybe they have free wifi there.
  • #17,987
  • Jul 17, 2023 12:31pm Jul 17, 2023 12:31pm
Quoting labu
{quote} Let me guess. Not a single one of them dares to do what everyone truly wants. Increased DD. Somehow they know that line is not to be crossed. Even the most weird odd unknown "shady" forex prop firm doesn't defy this rule. To have the same DD limits as FTMO and MyFF one might ask. Why that is. Since they sure didn't mind to put everything into unlimited time "for the benefit of the trader". These benevolent forex prop firms I'm so happy they want the best for us.
Ya, they finally removed one of the hurdles they put in front of traders to make them fail and pocket their money and we are all supposed to throw ourselves at the ground and worship them for not sticking it to us as much as they used to. So fkg arrogant are these gougers ....disgusting.
  • #17,988
  • Jul 17, 2023 12:33pm Jul 17, 2023 12:33pm
Quoting OutThere
{quote} I'm not involved with any of those firms except MFFx .
//-----

are you trading xagusd there......h
to trade and code, keep both simple... no call to impress....h
  • #17,989
  • Jul 17, 2023 12:34pm Jul 17, 2023 12:34pm
Quoting hayseed
{quote} //----- are you trading xagusd there......h
xauusd and fx pairs.
should I be trading xagusd?
  • #17,990
  • Jul 17, 2023 12:54pm Jul 17, 2023 12:54pm
One point I give mff and ftmo is this: They recognised their shortcomings and adjusted just in time where some others in the past hit the too little, too late wall.

https://d3.harvard.edu/platform-digi...-transformers/

especially note the Lessons learned section at the end.
  • #17,991
  • Jul 17, 2023 1:03pm Jul 17, 2023 1:03pm
Most of today has been a waste of time
The majority of these set ups i posted were corrections.
I do not see any value in trading them as the FVGs sometimes are closed fully but more often not.

Better to use the FGVs as an area where price might pause the correction and resume the trend or the main direction
Follow The Markets Structure - Patience and Discipline
  • #17,992
  • Jul 17, 2023 1:15pm Jul 17, 2023 1:15pm
Quoting OutThere
{quote} Ya, they finally removed one of the hurdles they put in front of traders to make them fail and pocket their money and we are all supposed to throw ourselves at the ground and worship them for not sticking it to us as much as they used to. So fkg arrogant are these gougers ....disgusting.
Again, you may look through another angle. MFF has the highest DD which makes them the cheaper prop per DD.
Why the other ones haven't come with 12% and, instead, chose 10%, 9% (and MFFx even started with 8% in the beginning) ?

We may go around and around this unlimited thing but that is just a part of the equation.
IMO MFF, even without that, was by far much better than the other new ones because it was cheaper, not tricky or not having shaddy rules and, the most important, very reputable.
  • #17,993
  • Jul 17, 2023 1:26pm Jul 17, 2023 1:26pm
Quoting OutThere
xauusd
//----

thanks...... thats what i meant, used g by mistake...... pm'd you.....h
to trade and code, keep both simple... no call to impress....h
  • #17,994
  • Jul 17, 2023 1:44pm Jul 17, 2023 1:44pm
Quoting OutThere
{quote}Now if they could apologize for ripping off so many traders that paid in and lost out due to time limit hurdles they put in the way of the traders, then that would help improve their image. A restitution perhaps?
Sounds like the student loan forgiveness angle. I got a degree in queer basket weaving and now I can't pay my loans back so someone else should pay it for me

Traders signed up for a challenge and lost. Why would they get restitution for their failures?
Pride always comes before destruction.... -Proverbs 16:18
  • #17,995
  • Jul 17, 2023 2:31pm Jul 17, 2023 2:31pm
Quoting Expo33
{quote} Sounds like the student loan forgiveness angle. I got a degree in queer basket weaving and now I can't pay my loans back so someone else should pay it for me Traders signed up for a challenge and lost. Why would they get restitution for their failures?
or even more ridiculous.....my grocery store has beer buy one get one free this week.......I bought beer last week.......I want my free 12 pack.
The land of entitlement.
  • #17,996
  • Jul 17, 2023 2:37pm Jul 17, 2023 2:37pm
Quoting pipmaster77
{quote} or even more ridiculous.....my grocery store has beer buy one get one free this week.......I bought beer last week.......I want my free 12 pack. The land of entitlement.
You guys are really twisting yourselves into a knot trying to minimize the survivalist move that the 2 big old firms made.
I guess they aren't going to repatriate anyone with the long pocketed and enjoyed fees but the least they could do is really hang their heads in shame...which they are whether they like it or not by simply being years behind their competition.
  • #17,997
  • Jul 17, 2023 2:49pm Jul 17, 2023 2:49pm
Quoting OutThere
{quote} You guys are really twisting yourselves into a knot trying to minimize the survivalist move that the 2 big old firms made. I guess they aren't going to repatriate anyone with the long pocketed and enjoyed fees but the least they could do is really hang their heads in shame...which they are whether they like it or not by simply being years behind their competition.
My example is the same concept as what you were suggesting. Just demonstrating how ridiculous a suggestion that was.
  • #17,998
  • Jul 17, 2023 3:13pm Jul 17, 2023 3:13pm
Quoting pipmaster77
{quote} My example is the same concept as what you were suggesting. Just demonstrating how ridiculous a suggestion that was.
Of all the things I said, you are just running away with my repatriation claim that wasn't really serious?
Ok, mff and ftmo, please do not refund all the monies you have pocketed by implementing a short time span to pass your challenges.
All you have to do is admit that you held on to the this free waterfall of cash for years.
Now due to popular demand which is most likely manifested in losing clients, you have finally made yourself inline with other props.
You pulled a survivalist move. Congratulations to providing a longer life for your firms and pockets.....where is the clap clap emoji when you need it?
  • #17,999
  • Jul 17, 2023 3:35pm Jul 17, 2023 3:35pm
Anyone seen reactions from the likes of matt and angelo regarding ftmo and mff finally succumbing to pressu3e to go unlimited?


This guy has some good points:
Inserted Video
  • #18,000
  • Jul 17, 2023 3:56pm Jul 17, 2023 3:56pm
It's my turn to whine a bit. The 5% daily loss limits really keeps me from doing any real trading... You guys suggest that I risk 0.25%-0.5% per trade to avoid the DD, but these are tiny trades...Apparently I really need to load up on funded accounts to make it worth my while. From what I can see the 5ers and MFF Accelerated do not have daily drawdowns. Does anyone know of any others?
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