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  • #18,701
  • Aug 18, 2023 11:23am Aug 18, 2023 11:23am
Quoting navk
{quote} It is not just IP address alone. Similar trades using same IP address is the problem I guess.
I can see that side of it too. The scope for cheating (copy trading etc..) is rife. Short of having everyone come in to the prop firm office and trade (watching them like hawks) not sure what can be done! lol
  • #18,702
  • Aug 18, 2023 2:30pm Aug 18, 2023 2:30pm
Quoting labu
Quoting Expo33
{quote} I looked into 8cap a long time ago as I was trying to find out which prop firms capped the lot sizes in trading. Found out those who all capped it at around 5 lots were using 8cap. Thats when I noted any prop firm who used them as crap even before looking into this thread. When I asked 8cap about they said it was prop firms themselves who set it. When I asked if it can be removed, only under special circumstances if using their broker side not through prop firms. When I asked some of the popular prop firms using 8cap
...
Ok thx.
I don't have the issues you mention. All good then.
  • #18,703
  • Aug 18, 2023 2:32pm Aug 18, 2023 2:32pm
[quote=Expo33;14540725]
Quoting OutThere
{quote} A member opened up a thread about eight-crap exposing some of their devious practices https://www.forexfactory.com/thread/1236570-eightcapltd
Ya I saw that yesterday and read through it.
It's about issues not applicable to me but good for traders to voice out their concerns.
  • #18,704
  • Aug 18, 2023 2:32pm Aug 18, 2023 2:32pm
Quoting KoyaAndy18
FXIFY update. Their first payout on demand is really fast, its faster than MFF (after waiting for the 14th day, i have to wait for another day or 2 on MFF). {image}
I'm not sure if it really happened to you, but according to my experience MFF payout request never exceed for 18 hours.
  • #18,705
  • Aug 18, 2023 2:45pm Aug 18, 2023 2:45pm
Looked into that MFF thread a little. They wrote "As long as your IP doesn’t match with anyone else, you have nothing to worry about" . As someone else mentioned here. Shared IPs are very common now and for those who use additional security measures especially. So basically say goodbye to your account if MFF becomes too big and others in your area use the same prop firm or who use same security IP or if you happen to forget to disable security IP during trading. I assume the same for the rest of the prop firms not just MFF tho. But that to me is just out of this world. I suppose its fine as long as you live in a country with not many traders and you can just hope they will never use prop firms the same as you do.

This tbh makes me feel that abusing prop firms as I see it as some do here with wild style trading is justified. To even the odds due to the high risk of being banned for silly things out of your control and at chance. I think Ive taken MFF and FTMO a little too serious myself.
  • #18,706
  • Aug 18, 2023 2:52pm Aug 18, 2023 2:52pm
hey,

Lots of ip address sharing in a community already there.

For example, in my area there ( may be ) someone trading with MFF already ?

So, better not to get confused and ban MFF on behalf of FF community here.

My opinion :

It is just not IP address similarity but plus trades similarity too.

If none of us have clear understanding, better ask MFF via mail directly.

( Long ago, I noticed that some 10 to 12 IP addresses and I was told that IP address is not an issue at all )
Intraday only.
  • #18,707
  • Aug 18, 2023 2:56pm Aug 18, 2023 2:56pm
Quoting prop.kid
{quote} I'm not sure if it really happened to you, but according to my experience MFF payout request never exceed for 18 hours.
For MFF, you have to wait 30 days for the first payout.. that is one thing I don't like about MFF. The longer the wait, the more people lose their live accounts, due to trading on boredom or greed. And most other firms pay in 14 days

Below is from its website

When will I receive my payouts from the Live account?
When you receive your live account, you must complete a minimum of 10 trading days then you will receive your first payout 1 month after your first trade on the account.
After the first month, you will be paid bi-weekly (14 days).
https://myforexfunds.com/faq/when-wi...-live-account/
  • #18,708
  • Aug 18, 2023 3:04pm Aug 18, 2023 3:04pm
I claim or they send payout request for payouts. - MFF.

Recently in the last week and this week , I won 2 nos 100k account phase 2.

Phase 1 bonus 2 % was sent within minutes to Deel account, and Deel sent to my bank account within next business day.

No delay in payouts - MFF.
Intraday only.
  • #18,709
  • Edited 3:47pm Aug 18, 2023 3:31pm | Edited 3:47pm
Quoting navk
hey, Lots of ip address sharing in a community already there. For example, in my area there ( may be ) someone trading with MFF already ? So, better not to get confused and ban MFF on behalf of FF community here. My opinion : It is just not IP address similarity but plus trades similarity too. If none of us have clear understanding, better ask MFF via mail directly. ( Long ago, I noticed that some 10 to 12 IP addresses and I was told that IP address is not an issue at all )

I’ve been a moderator in a couple of the larger prop firm FB groups for a while now. Over the past year or so there’s been about a half dozen people who reached out wanting help for their prop firm bans they received.

In nearly every case, their story shifts wildly to what they originally claimed. This sector attracts the dumbest bullshit artists, all in search of easy money.
Trade with confidence, trade without fear.
  • #18,710
  • Aug 18, 2023 4:41pm Aug 18, 2023 4:41pm
Fyi
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  • #18,711
  • Aug 18, 2023 7:29pm Aug 18, 2023 7:29pm
Quoting Boulder
Fyi
-This is about honesty. Not just the nice things that prop CEO's say in a public forum, but what they say to themselves when no one else is listening.

Transitioning to a more traditional prop model would force these firms to remain honest since it would eliminate the obvious conflict of interest (which is the big issue with a lot of the banning).

However, it seems doubtful that most firms will be honest about what they really want, because they know that the ponzi model is way more profitable (and easy, probably). So, maybe better for them to keep using the ban hammer while claiming nonsensical reasoning.

Having traditional challenges that are much more difficult and time-consuming to pass could lead to another conversation about how such challenges should not cost the trader any money, other than a small, administrative fee.

This would not look attractive to firms, especially after taking a ride on the gravy train that got them here in the first place. It certainly wouldn't look attractive to traders that are used to getting funded in a few days.

The narrative that prop firms are against profitable traders may be negative, but it is currently the reality until someone can figure out how to monetize the order flow effectively. Until then, traders will continue to be suspicious of IP bans and feel constantly worried about taking out too much profit.

CEO of TFTP seems to believe that in order to effectively monetize the order flow, the entire model would need to be restructured. Maybe he is right, but would anyone really want that? I suppose that this is the point that he is trying to make about how the banning is not only justified, but needed.

I personally think that he is not being fully honest here. Just as an example, any firm that claims to police traders that are "over-leveraging sort of like high-stakes gambling", yet allows it in the first place, is highly suspect in my opinion. Not only allows it, but requires it in order to get funded, I should add.

If a firm can figure out how to keep the current model while effectively monetizing the order flow to the point that profitable traders become valued instead of targeted (because let's be honest about that, please), then they will have solved the greatest problem that this industry currently faces, while ensuring the longevity of the remote prop firm model.
  • #18,712
  • Edited 8:59pm Aug 18, 2023 8:36pm | Edited 8:59pm
Quoting Cryptosurf
{quote} I’ve been a moderator in a couple of the larger prop firm FB groups for a while now. Over the past year or so there’s been about a half dozen people who reached out wanting help for their prop firm bans they received. In nearly every case, their story shifts wildly to what they originally claimed. This sector attracts the dumbest bullshit artists, all in search of easy money.
It is not easy money. Who said so ?

For a trader to reach payout stage , how much he needs to pay for challenges and howmany times ?

I read somewhere... a trader spends more money , thinking it is investment ..but ends up never realizes investment and continue to pay challenges even after funding stage
Intraday only.
  • #18,713
  • Aug 18, 2023 8:41pm Aug 18, 2023 8:41pm
I sent email to MFF and they promptly replied.

Thanks for your response!

Understand, no problem, different IP addresses on your account will not be a problem as long as you are the only trader managing the mentioned trading account and your IP address and trading parameters do not match in any way with any other MFF user.

If we need something else from you we will inform you
Let me know if you need any further help.
Intraday only.
  • #18,714
  • Edited 9:36pm Aug 18, 2023 8:47pm | Edited 9:36pm
It looks to me MFF wish to catch those who do ask experts to trade and that is why this IP address ...

( IP Address + Similar Trading parameters with other MFF Trader is the one MFF looks for to ban traders. )

It is clear to me now.

If one wishes to earn money from Prop firm,

1. Be honest with the prop firm. You trade...and Trade on your own in line with trading conditions.

2. Learn the art of prop trading. ( Trading with own money not enough . In own money trading, one never learns Risk management )
Intraday only.
  • #18,715
  • Aug 18, 2023 10:12pm Aug 18, 2023 10:12pm
Quoting Nsak3y
{quote}-CEO of TFTP seems to believe that in order to effectively monetize the order flow, the entire model would need to be restructured. Maybe he is right, but would anyone really want that? I suppose that this is the point that he is trying to make about how the banning is not only justified, but needed. I personally think that he is not being fully honest here.
I recently looked into this traders connecting with investors website called Darwinex. I would say how investors do there is what prop firms would have to do in order to monetize on the order flow and the most profitable traders. As I understand its about the same techniques used. Investors can look into which traders "indexes" are profitable for how long and so on. Then they invest in that person as traders use the same instruments as prop firms does.

Then I looked into the social media what they said about Darwinex. I found a couple of investors many in fact who seemed to somehow got issues with finding profitable traders even if traders records looked good on the paper "indexes" . Even if they were profitable the traders would eventually turn into negatives and it could happen anytime so thats why they had issues it seems the investors. Most investors apparently in time gave up on having 30+ in their portfolio and just have 1-2 . But even those 1-2 traders were high risk and not very profitable to the investors as I understood. I didnt look more into it. But gave me some idea what the prop firms might be facing here if they try to monetize profitable traders to LQ provider appears to be almost impossible at least in the traditional prop firm model.

With Darwinex they even must have proven track records the traders. But even so makes it very difficult for the investors to find profitable ones in long run. Its as if very experienced mature profitable traders wont even use prop firms seriously. Maybe for testing only? Thus why the indexes burns out in time. This is why they most likely cannot use a controlled order flow to liquidity providers with select traders in prop firms.

Those who seems to trade in Darwinex seems to be same people who are attracted to prop firms. 99.9% Im guessing who tries to get the easy quick bucks. So they might have lucky runs for few weeks good track record even for months depending on style but not knowing the mechanics of market just makes the system break for them too. Which would explain why Darwinex investors got major issues.

The only way to get "monetize the most profitable traders" would be for prop firms, to themselves have decent traders who gave advice about when markets behavior acts in stable way, which allows the more newbie traders profitable to not burn out. Then quickly readjust the prop firm system to stop sending to LQ provider once market changes since the risk of traders blowing account grows higher. But then again forex prop firms wouldnt exist if they had any decent traders working for them. So its a catch 22.
  • #18,716
  • Aug 18, 2023 10:15pm Aug 18, 2023 10:15pm
Quoting AaronPriest
{quote} That's insane. I live in Maine, USA. There is NO reliable internet service or power in the entire state. If you want a reliable data center for a VPS it won't be within 500 miles of me (New York City is the closest). I rent a dedicated server out of Chicago.
Huh? What?

My brother lives in Maine and is a financial advisor with an AUM of about 400 million. When the market crashes he just tells his clients sorry, no internet, no power, you're screwed.
Pride always comes before destruction.... -Proverbs 16:18
  • #18,717
  • Aug 18, 2023 10:43pm Aug 18, 2023 10:43pm
Preface: One day I want to do some affiliate prop firm pimping on Youtube just because I'm morally bankrupt.

To do so I am testing many of the new firms so I can do I playlist of honest reviews on Youtube (you can call me Blake Junior)

Anyways, my most recent tests are Maven Trading and Lark Funding so of course I'm doing the cheapest accounts with the best discounts I can find.

Maven: 5K two phase for $29
Lark: 10K three-phase for $56

Anyways, I saw this on Twitter today from Lark. 75% off on resets?!!! I mean who wants to gamble now? So if I blow my 10K I can get back in the game for 17 bucks? That's priceless, Actually, it's 17 bucks but you know what I mean
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Pride always comes before destruction.... -Proverbs 16:18
  • #18,718
  • Aug 18, 2023 11:28pm Aug 18, 2023 11:28pm
Grand opening October 1st for EZ PROP "FUNINDG"

13% DRAWDOWN 6%/5% TARGETS
$325 FOR 100K

SCALE TO 10 MILLION!!!
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Pride always comes before destruction.... -Proverbs 16:18
  • #18,719
  • Aug 19, 2023 12:06am Aug 19, 2023 12:06am
Quoting Expo33
Grand opening October 1st for EZ PROP "FUNINDG" 13% DRAWDOWN 6%/5% TARGETS $325 FOR 100K SCALE TO 10 MILLION!!! {image}
Here we go . The new prop firms with Austin Power inspired characters and now this. Keeps getting better. Hilarious.
  • #18,720
  • Aug 19, 2023 1:53am Aug 19, 2023 1:53am
i think that when most people really start making money all these prop firms will shut down their shops, thats how bad sometimes luck can be
lucky are those who already made a huge tonne of money from these prop firms when the prop firms just started.. and now after making already a lot promoting on youtube, insta, twitter and now earning affiliate as well.

man there is so much fear out there.. first fear when buying the challenge, fear when in losing trade, fear when in profitable trade, fear when one have to take the next trades, fear when lost the challenge, fear when make profit but now fear whether the firm pay out or not, fear fear fear everywhere
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