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  • #18,201
  • Jul 22, 2023 9:58pm Jul 22, 2023 9:58pm
Quoting Expo33
Don't know if anyone's mentioned this one yet. https://www.billionsclub.com/ 2PHASE - TARGETS 8%/5% - DRAWDOWN 5%/10% - 90% PROFIT SPLIT (why not 99%?) - Purple Trading - 27 reviews - prices are etc etc etc The little animation scene they had on their website was priceless. I took a couple of screenshots. You can't make this stuff up. The tablet trading Fembot from the Austin Powers Movie and the 12-year-old wonder boy trader. {image} {image}
Thanks for the laugh. I looked at the website and its actually true. The new prop firms are upping their game, to make it seem more "enjoyable fun". Like some kind of circus to attract the newbies. Lets make trading into a fun circus appears to be the new makerting.
  • #18,202
  • Jul 23, 2023 4:04am Jul 23, 2023 4:04am
for me boring trading ( without emotions) doesn't exist. If u grow bigger with your accounts and capital emotions will be there, because is physical reactions. The only you can do is be aware and try to recognize first stages of fear greed etc and act when is not too late.
  • #18,203
  • Jul 23, 2023 4:20am Jul 23, 2023 4:20am
Quoting MJurban
{quote} I have bought this challange but could not really Start by now cause my wife Was in Hospital and I was visiting her day by day. monday I will start, i still have some days left trying to make 1000 EU profit The Chances are very Little cause that's not my style, trading with high Risk 10 % in 1 or 2 month What I can say by now... the spread this Broker use is twice as much as my Broker gives me That's not good for a scalper like me
Max dd hit, so Account was cancelt
nö worry it was only a test, it was stupid cause I do not have a System scalping cable with the goals Set to 10 % win and a Max DD
of 5%
  • #18,204
  • Jul 23, 2023 11:44am Jul 23, 2023 11:44am
Quoting MJurban
{quote} If yuo have such an stupid income tax Regulation as we have in germany. it would be nice to trade with a prop firm. cause income than is not from Kapital but from provision
Are you sure about this as I live in Europe as well close enough to have similar tax regulations. Normal tax like "provision" like from freelancer jobs are like around 45% while in Germany and countries around here its between 25-30% capital tax. So why would you want provision based tax rather than capital. Seems strange to me unless im missing something.
  • #18,205
  • Jul 23, 2023 4:00pm Jul 23, 2023 4:00pm
I want some legit prop firms with no daily loss limit. With at least 10% drawdown from initial deposit.
Tired of failing while my account is in profit, just because of daily loss limit...
Does anyone have suggestions?
  • #18,206
  • Jul 23, 2023 4:14pm Jul 23, 2023 4:14pm
Quoting Hosseinkogo
I want some legit prop firms with no daily loss limit. With at least 10% drawdown from initial deposit. Tired of failing while my account is in profit, just because of daily loss limit... Does anyone have suggestions?
trade at account size where daily limit equals what you want for 10% drawdown

otherwise, you're overleveraging.
  • #18,207
  • Jul 23, 2023 4:40pm Jul 23, 2023 4:40pm
Quoting LehmanBrotha
{quote} trade at account size where daily limit equals what you want for 10% drawdown otherwise, you're overleveraging.
Daily drawdown follows my equity at the end of the day. But 10% drawdown from initial balance does not follow my equity.
That is why I want no daily drawdown.
Even if there is any prop firm that risk frees the account after I got 10% profit, it would be great.(I mean when I reached 110%, the initial balance turns into my stop out)

Does anyone know such this prop firm?
  • #18,208
  • Jul 24, 2023 12:17am Jul 24, 2023 12:17am
Quoting Hosseinkogo
{quote} Daily drawdown follows my equity at the end of the day. But 10% drawdown from initial balance does not follow my equity. That is why I want no daily drawdown. Even if there is any prop firm that risk frees the account after I got 10% profit, it would be great.(I mean when I reached 110%, the initial balance turns into my stop out) Does anyone know such this prop firm?
Take a look at Funded Trader Plus - I think they do what you are asking for.
  • #18,209
  • Jul 24, 2023 2:34am Jul 24, 2023 2:34am
Desperate times call for desperate measures.

Only for new "suckers", I mean new sign-ups
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Pride always comes before destruction.... -Proverbs 16:18
  • #18,210
  • Jul 24, 2023 2:48am Jul 24, 2023 2:48am
Bespoke and Blue Guardian are offering 30% in all challenges. Let the show go on.
  • #18,211
  • Jul 24, 2023 3:31am Jul 24, 2023 3:31am
Quoting Capablanca
Bespoke and Blue Guardian are offering 30% in all challenges. Let the show go on.
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  • #18,212
  • Edited 3:51am Jul 24, 2023 3:36am | Edited 3:51am
Quoting Hosseinkogo
{quote} Daily drawdown follows my equity at the end of the day. But 10% drawdown from initial balance does not follow my equity. That is why I want no daily drawdown. Even if there is any prop firm that risk frees the account after I got 10% profit, it would be great.(I mean when I reached 110%, the initial balance turns into my stop out) Does anyone know such this prop firm?
A lot of futures prop firms ditched the DD lately and only got trailing drawdown. Which allows for like 5x the normal fluctuation in price compared to when they had the DD. But as long as you get into profit end of the day you would be good. Many futures prop firms made this change lately. But no mention of it in this board, since most scream that trailing drawdown with -$2500"futures prop firms" compared to a -$500 DD" in same account size most forex prop firms" is so much worse. I assume since its mostly forex based here ofc and that futures prop firms got alot of additional fees like data feeds, monthly fees. Which complicates it.

I am no expert, but in my tests I've noticed the change the futures prop firms did with their removal of DD and just keeping trailing drawdown I would hardly reach any violation compared to the DD of forex prop firms in past strategies I used. But Ive changed my tactics to suit forex prop firms so there's that.

It sounds like you are using a similar system I used in past. Then yea forex prop firms will blow up that DD quickly. Some futures prop firms got trials too try that before if you decide to look into it.
  • #18,213
  • Jul 24, 2023 4:53am Jul 24, 2023 4:53am
Quoting Hosseinkogo
I want some legit prop firms with no daily loss limit. With at least 10% drawdown from initial deposit.
-Trader's With Edge offers this. You must pay more for these customizable options, but it is possible to do what you are asking.
  • #18,214
  • Edited 6:10am Jul 24, 2023 5:18am | Edited 6:10am
Quoting labu
{quote} Are you sure about this as I live in Europe as well close enough to have similar tax regulations. Normal tax like "provision" like from freelancer jobs are like around 45% while in Germany and countries around here its between 25-30% capital tax. So why would you want provision based tax rather than capital. Seems strange to me unless im missing something.
For capitaltax yuor loss is limited to 20000.
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  • #18,215
  • Jul 24, 2023 7:53am Jul 24, 2023 7:53am
Hello, I just want to share with you my newest experience I have with aprop firm called Billions CLub.

I was patiently waiting for the end of the waitlist to receive my 20% Discount Code and start their funding challenge.

I tried one prop firm before this but never went through phase 1. Billions Club has quite good trading conditions however and right now I am 3,5% up in the phase 1. Irealy hope this will be the first passed challenge for me.
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  • #18,216
  • Jul 24, 2023 8:20am Jul 24, 2023 8:20am
There was a guy that had the challenge breached in MFFx for using passing services. He came to the Telegram group, exchanged msgs with Matt and account was reinstated because, Matts words, was incorrectly breached.

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I wonder what would happen to this guy if he had not come to a public space like Telegram where he had access to Matt.

He would probably be writing to support back and forth, claiming him innocence, and getting copy paste responses from robot agents saying that decision was taken and there was nothing they could do.
  • #18,217
  • Jul 24, 2023 8:26am Jul 24, 2023 8:26am
Quoting Capablanca
There was a guy that had the challenge breached in MFFx for using passing services. He came to the Telegram group, exchanged msgs with Matt and account was reinstated because, Matts words, was incorrectly breached. {image} I wonder what would happen to this guy if he had not come to a public space like Telegram where he had access to Matt. He would probably be writing to support back and forth, claiming him innocence, and getting copy paste responses from robot agents saying that decision was taken and there was nothing they could do.
there are so many of these cases. Like so many.
  • #18,218
  • Jul 24, 2023 10:18am Jul 24, 2023 10:18am
Quoting Takisd
{quote} there are so many of these cases. Like so many.
Would be interesting to know which firms that uses the passing service excuse the least to ban and lock account and those that never even ban innocent users due to it. Seems to be quite common by looking at other forums and reviews of prop firms, that infinite emailing with bot support which leads to no where.
  • #18,219
  • Jul 24, 2023 10:30am Jul 24, 2023 10:30am
E8 announcement:

Quote
Trading Days Update:
Over the next 30 days, we are rewarding both sides.
Whether you make it within the time limit or not, we have something special for you.
For those who pass within the time limit, an additional 10% balance will be added to their funded account.
For those who can't make it within the time limit, don't worry! You will receive an extension until the end of the year.

https://twitter.com/e8funding/status...97786317185025
  • #18,220
  • Jul 24, 2023 10:33am Jul 24, 2023 10:33am
Quoting Capablanca
E8 announcement: {quote} https://twitter.com/e8funding/status...97786317185025
Sneaky, push people to still try to do inside time limit
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