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  • #18,501
  • Aug 13, 2023 12:35am Aug 13, 2023 12:35am
Quoting forexbali
https://docs.google.com/spreadsheets...it?usp=sharing updated my spreadsheet with E8 now also in unlimited if you see any mistake or error, please send me details. I noticed that E8 lowered from 8% to 5% the target profit on the extended program, I should update it. This would bring their program up as ratio. Other prop did the same that I missed? {image}
I see E8 phase 1 profit target is 8%, not 5%. It will be absurd to lower to 5%.
  • #18,502
  • Aug 13, 2023 3:37am Aug 13, 2023 3:37am
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The craziest thing I've read in recent months about prop firms
  • #18,503
  • Aug 13, 2023 4:36am Aug 13, 2023 4:36am
Quoting Nehemah
{image} The craziest thing I've read in recent months about prop firms
ok how to verify those stats, even if it does seem possible indeed. Part of me hopes for some kind of regulation . So people dont go into gamble addict behavior with these firms. But then again each to their own too.
  • #18,504
  • Aug 13, 2023 6:02am Aug 13, 2023 6:02am
I'm starting to suspect a few guys on social media with payouts and stuff for TFT are using fake accounts. Like the way brokers do for affiliates. The "data" they release and the facts of social media posts dont add up.
  • #18,505
  • Aug 13, 2023 6:38am Aug 13, 2023 6:38am
Quoting labu
Part of me hopes for some kind of regulation . So people dont go into gamble addict behavior with these firms.
-I tried to come up with a reasonable response for this statement, but I just can't do it.
  • #18,506
  • Aug 13, 2023 6:43am Aug 13, 2023 6:43am
Quoting Nehemah
The craziest thing I've read in recent months about prop firms
-Those numbers seem unusual. Hard not to suspect that these are some kind of group lottery/investment or failed/scammer trading services etc..

If I recall, CEO of TFTP stated in a recent interview that one trader had purchased 60k worth of challenges. Maybe it predates these statistics.
  • #18,507
  • Edited 7:04am Aug 13, 2023 6:51am | Edited 7:04am
Quoting pipmaster77
{quote} Yes. This is why they continue to be #1, once passed, you essentially get just about double your fee refunded (with bonuses).
pass phase 2 + retain funded account for a month and get first payout.

Because they pay bonus, the first payout after 30 days.
Intraday only.
  • #18,508
  • Edited 7:07am Aug 13, 2023 6:55am | Edited 7:07am
After MFF, FTMO, is fundedfx worth a try ?

Honest advice is needed for me

I am not going to exhaust with MFF, FTMO but need to diversify with third firm.
Intraday only.
  • #18,509
  • Aug 13, 2023 7:28am Aug 13, 2023 7:28am
Quoting navk
After MFF, FTMO, is fundedfx worth a try ? Honest advice is needed for me I am not going to exhaust with MFF, FTMO but need to diversify with third firm.
I thought you are already funded with TFF?
  • #18,510
  • Aug 13, 2023 7:33am Aug 13, 2023 7:33am
If your net worth is 10K and you spent $500 on a challenge and failed you are not going to be reported as someone splurging crazy amounts of money on a challenge.
If your net worth is 1 Million and you spend 50K on a challenge, it is still the same ratio. In fact the one with 1M is probably better prepared to take that loss.
My boss sepent 50K on a SUV and wrapped it with company logo. It sits parked in the corner of the lot 99% of time. I call that a failed attempt at marketing, 50K wasted by a rich person is no big deal.
  • #18,511
  • Aug 13, 2023 7:33am Aug 13, 2023 7:33am
Quoting pipmaster77
{quote} I thought you are already funded with TFF?
lost with TFF long ago. Violated,

There is prblem with TFF... YOU loose no of trading days. what do you think
Intraday only.
  • #18,512
  • Aug 13, 2023 7:38am Aug 13, 2023 7:38am
Quoting Nsak3y
{quote}-I tried to come up with a reasonable response for this statement, but I just can't do it.
It does make prop firms look bad and that they may be creating a gambling addiction. However, these would be the same folks putting 5-10 K (or more) in a personal account, blowing most or all and topping up continuously until the money runs dry.
Regulation can not stop gambling unlesss you shut down EVERYTHING folks can gamble on, or they will find another vehicle.
As you state, this could be a group of folks pooling funds on challenges.
Could be a group of cheaters who hedged with another firm and didn't get caught and they are funded millions with other firms.
Could be an individual who has plenty of disposable income thinking 3-4 payouts will recoup the investment.
The bottom line, you must go in knowing your win rate, R;R, just like you would go in funding your own account. 90% have no clue, prop or personal account, which is why the failure rates in this business are so high. Most should quite simply NOT BE IN THE TRADING BUSINESS.
  • #18,513
  • Aug 13, 2023 7:46am Aug 13, 2023 7:46am
Quoting navk
{quote} lost with TFF long ago. Violated, There is prblem with TFF... YOU loose no of trading days. what do you think
Yes, but usually only 1. I have it set where I request early on Friday, so I'm back in business by Monday. TFTP is the ABSOLUTE worst with lost trading days, by far.
It is not the waiting on the payout, shit, take 7 days if you want, JUST RESET MY ACCOUNT. Shouldn't be difficult, which is how you know it is intentional.
  • #18,514
  • Aug 13, 2023 7:48am Aug 13, 2023 7:48am
Quoting OutThere
If your net worth is 10K and you spent $500 on a challenge and failed you are not going to be reported as someone splurging crazy amounts of money on a challenge. If your net worth is 1 Million and you spend 50K on a challenge, it is still the same ratio. In fact the one with 1M is probably better prepared to take that loss. My boss sepent 50K on a SUV and wrapped it with company logo. It sits parked in the corner of the lot 99% of time. I call that a failed attempt at marketing, 50K wasted by a rich person is no big deal.
Must be a blue moon tonight. We agree on something.
  • #18,515
  • Aug 13, 2023 7:50am Aug 13, 2023 7:50am
Quoting pipmaster77
{quote} It does make prop firms look bad and that they may be creating a gambling addiction. However, these would be the same folks putting 5-10 K (or more) in a personal account, blowing most or all and topping up continuously until the money runs dry. Regulation can not stop gambling unlesss you shut down EVERYTHING folks can gamble on, or they will find another vehicle. As you state, this could be a group of folks pooling funds on challenges. Could be a group of cheaters who hedged with another firm and didn't get caught and they are funded millions...
Looked at the website briefly. It appears there is no education or mentoring? There should be!
  • #18,516
  • Aug 13, 2023 7:55am Aug 13, 2023 7:55am
Quoting pipmaster77
{quote} Yes, but usually only 1. I have it set where I request early on Friday, so I'm back in business by Monday. TFTP is the ABSOLUTE worst with lost trading days, by far. It is not the waiting on the payout, shit, take 7 days if you want, JUST RESET MY ACCOUNT. Shouldn't be difficult, which is how you know it is intentional.
TFF, I have no complaint on trading cconditions.

They seem to be fair.

Yes, if we set Friday as payout day, we may not loose trading days.

TFF definitely in my list.

Myfundedfx attracts me more.

Seen good reviews earlier.
attractive fee structure.

Attractive payout..first payout in 14 days.

My aim had been 1 million account.

MFF, 300, FTMO 200/300, Mfundedfx 100/200, TFF 100/200
Intraday only.
  • #18,517
  • Aug 13, 2023 8:22am Aug 13, 2023 8:22am
Quoting navk
{quote} TFF, I have no complaint on trading cconditions. They seem to be fair. Yes, if we set Friday as payout day, we may not loose trading days. TFF definitely in my list. Myfundedfx attracts me more. Seen good reviews earlier. attractive fee structure. Attractive payout..first payout in 14 days. My aim had been 1 million account. MFF, 300, FTMO 200/300, Mfundedfx 100/200, TFF 100/200
I just prefer the firms with their own feed. TFTP is the ONLY firm I use WITHOUT their own feed. I do not want more than 1 exposure to 8cap. I just personally do not like these new "business in a box firms" where the backend is provided and run by someone else. Just my opinion, but WAY TOO EASY to set up. Just can't take them as serious....young, ego-driven owners who think they're untouchable....I don't know, just seems like a recipe for disaster. TFTP PROBABLY has a big enough market share( at least the 3rd largest) where I believe they will be OK.
I still 100% believe, just as I did over 3 years ago....max out MFF and FTMO, then
3. TFF, have own feed but THEY NEVER take responsibility for anything server related
4. E8, own feed, just removed time limit and commish on indices, but cap on allotted AUM
5. TFTP Royal (less restrictive), 8cap, possible shady secretly owning/involved with other firms , but they are 3rd largest (by far) and solid reputation
6. 5%ers high stakes, own feed, very solid reputation, still have some rules needing to be removed, cap on AUM, only 100K initially
I suppose, if you are not using TFTP, MFFX could be used instead, keeping 8cap exposure to 1 firm, but why? TFTP is larger and has a longer history of reliable payouts
Now if you are trying to hit 1 million with more diversification, then yes 500-600K with MFF/FTMO and the 100-200K with 2 of the others. So, I'd go either 2 additional with own server, or at minimum 1 with own server and 1 with 8cap.
  • #18,518
  • Aug 13, 2023 8:28am Aug 13, 2023 8:28am
Quoting navk
{quote} TFF, I have no complaint on trading cconditions. They seem to be fair. Yes, if we set Friday as payout day, we may not loose trading days. TFF definitely in my list. Myfundedfx attracts me more. Seen good reviews earlier. attractive fee structure. Attractive payout..first payout in 14 days. My aim had been 1 million account. MFF, 300, FTMO 200/300, Mfundedfx 100/200, TFF 100/200
Not so long ago you were boasting here and the cable thread about being fully funded with MFF. Now you're down to 3. Stop losing funded accounts should be your #1 priority.
  • #18,519
  • Aug 13, 2023 8:39am Aug 13, 2023 8:39am
Quoting pipmaster77
It does make prop firms look bad and that they may be creating a gambling addiction.
-My point is that we do not need regulators trying to control what we legally choose to do with our own money. I think that it is ridiculous to even consider this. Protection from ourselves. While we're at it, let's allow regulators to decide how much we can gamble at a casino or how much we can eat or drink.

I know that you agree with me. But I just want to make it clear that I do not think that regulation should have any part in controlling gambling addictions, food addictions, drinking addictions or whatever other addictions that people may have that are legal. People make their own choices. We do not need government telling us what we can or cannot legally do with our own money.

They already try to control our bodies, our children's health and education. Now, we're even seeing governments trying to control where people can go. People need to wake up.
  • #18,520
  • Aug 13, 2023 8:42am Aug 13, 2023 8:42am
Quoting noox
Not so long ago you were boasting here and the cable thread about being fully funded with MFF. Now you're down to 3. Stop losing funded accounts should be your #1 priority.
-To be fair, you do not know what he is doing. He could be using props to fund personal accounts or have a system that allows him to lose a certain percentage of accounts while still accumulating profit.
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